Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Parliamentary Finance: The 2020 budget includes the exchange of the last payment of Kuwait's debts


yota691
 Share

Recommended Posts

  
%D8%AF%D9%88%D9%84%D8%A7%D8%B1444-696x43

Information / special… 
The parliamentary strategic planning committee, on Saturday, that frozen funds in government banks are able to fill the federal budget deficit for 2020 without going towards external borrowing. 
Committee member Mohammed Karim said in a statement to the information that frozen funds inside government banks can solve the crisis of the expected deficit in the budget next year. Once allocated to projects. ” 
Karim added, "The government can resort to internal funds to fill the budget deficit to avoid the rise of external debt owed by Iraq ," noting that "the deficit in the budget in 2020 hypothetical and can be overcome."
Earlier, the parliamentary Finance Committee revealed a large deficit in the budget of 2020 to reach 72 trillion dinars, after a year characterized by prosperity was a deficit of 27 trillion speculative compared to what is expected next year.

  • Thanks 4
  • Upvote 4
Link to comment
Share on other sites

Reveal important details of the 2020 budget
 

Revealed important details of the budget 2020 
 Member of the Finance Committee Hanin al-Qadu, that "the draft federal budget law for the year 2020, will be discussed in the House of Representatives at the beginning of September." 
Al-Qadu said in a statement that "the committee does not yet know whether the law includes the allocation of functional degrees or not," pointing out that "the third legislative chapter of the parliament will see the discussion of the budget law and vote on it." 
He pointed out that "the continuation of violations that occurred in the budget law in 2019, will complicate the scene and will lead to the delay in approving the 2020 budget," noting that "the bill estimated the price of a barrel of oil at 56 dollars at least." 
The Committee's Rapporteur Ahmed al-Saffar, has confirmed earlier that "the 2020 budget, will be completely different from the current budget, it is more investment than operational, unlike the 2019 budget, which preceded it."
He added, "We will work to allocate a special budget for the citizen, in which financial allocations to certain segments and classes of the Iraqi people, such as social welfare and the unemployed, and others."

  • Upvote 5
Link to comment
Share on other sites

13 minutes ago, yota691 said:

," noting that "the bill estimated the price of a barrel of oil at 56 dollars at least."

 

MY (NOTE: MY) opinion is THIS "statement" does NOT mean A "thang"!!!

 

THEE "customs" "duties" BASED ON "foreign" "investment" FOR reconstruction, construction, AND economic development COUPLED WITH THEE "pass" "through" Ye Olde, er, NEW Silk Road Trade Customs Duties WILL ECLIPSE THE Bicraqi Iraqi Crude Oil "revenues"!!!

 

NO MO "budget" "deficit" WITH AN INTERNATIONAL Bicraqi Iraqi Dinar "open" "economy"!!!

 

BESIDES, THEE Corrupt Weekday Bicraqi Iraqi CBI DAILY Currency Auctions HAVE TO STOP FUNDING THEE Insanian, to INCLUDE the Insanian IRGC, Corruption AND Terrorist Machine IN THEE Muddle East.

 

In The Mean Time.......................................................................

 

The "Standard" "Disclaimer" Applies.........................................

 

AND (of course)..........................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

  • Like 3
  • Upvote 4
Link to comment
Share on other sites

Economist: The government will make an economic mistake in the budget of 2020

By ahad5 18/08/2019 08:08 PM | Read

Economist: The government will make an economic mistake in the budget of 2020

Ahd News - Baghdad

Economic expert Jassim Mohammed, on Sunday, that the draft federal budget law for 2020 will turn the country into an open market for international capital.

Mohammed said in a press statement, that "the government will make an economic mistake in the budget of 2020 being a similar version of the budgets of previous years, as it was allocated to investment only 2%, in addition to the absence of development," pointing out that "the budget is no longer in the hands of competent and this negatively affects Financial estimates. ”

He added that "the government's fiscal policy in the preparation of federal budgets will turn the country to an open market for international capital," noting that "the preparation of the budget needs specialists to avoid recurring financial errors."

The parliamentary strategic planning committee, on Wednesday, attributed the high deficit of federal budgets to the absence of planning experts and the economy in the numbers of budgets, while showing that the surplus and deficit is estimated and away from reality.

The parliamentary Finance Committee revealed, earlier, for a large deficit in the 2020 budget of up to 72 trillion dinars, after a year was described as prosperous inability 27,000,000,000,000 conjectural compared to what awaits him in Almqubl.anthy 8

  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to Economist: Budget 2020 will turn the country to an open market for international capital
  
%D8%AF%D9%88%D9%84%D8%A7%D8%B1-696x435.j

Information / Special…

Economic expert Jassim Mohammed, on Sunday, that the draft federal budget law for 2020 will turn the country into an open market for international capital.

Mohammed said in a statement to the information, that "the government will make an economic mistake in the budget of 2020 being a similar version of the budgets of previous years, as it was allocated for investment only 2%, in addition to the absence of development," pointing out that "the budget is no longer in the hands of competent and this matter Negatively affects its financial estimates. ”

He added that "the government's fiscal policy in the preparation of federal budgets will turn the country to an open market for international capital," noting that "the preparation of the budget needs specialists to avoid recurring financial errors."

The parliamentary strategic planning committee, on Wednesday, attributed the high deficit of federal budgets to the absence of planning experts and the economy in the numbers of budgets, while showing that the surplus and deficit is estimated and away from reality.

Earlier, the Parliamentary Finance Committee revealed a large deficit in the budget of 2020 to reach 72 trillion dinars, after a year characterized by prosperity was a deficit of 27 trillion guesses compared to what is expected next year.

  • Upvote 2
Link to comment
Share on other sites

Economist: Budget 2020 will turn the country to an open market for international capital

19:45 - 18/08/2019
%D8%AF%D9%88%D9%84%D8%A7%D8%B1-696x435.j

Information / Special…

Economic expert Jassim Mohammed, on Sunday, that the draft federal budget law for 2020 will turn the country into an open market for international capital.

Mohammed said in a statement to the information, that "the government will make an economic mistake in the budget of 2020 being a similar version of the budgets of previous years, as it was allocated for investment only 2%, in addition to the absence of development," pointing out that "the budget is no longer in the hands of competent and this matter Negatively affects its financial estimates.

He added that "the government's fiscal policy in the preparation of federal budgets will turn the country to an open market for international capital," noting that "the preparation of the budget needs specialists to avoid recurring financial errors."

The parliamentary strategic planning committee, on Wednesday, attributed the high deficit of federal budgets to the absence of planning experts and the economy in the numbers of budgets, while showing that the surplus and deficit is estimated and away from reality.

Earlier, the Parliamentary Finance Committee revealed a large deficit in the budget of 2020 to reach 72 trillion dinars, after a year characterized by prosperity was a deficit of 27 trillion guesses compared to what is expected next year.

  • Thanks 1
  • Upvote 5
Link to comment
Share on other sites

 How does that work ? There are approx 41 million citizens in Iraq , and they are making way for 60 million jobs ?. This must include foreigners to help rebuild the country and get it up to 21 century standards . Or it could be a careless mistake ,a typo . They do alot of that ,especially in currency auction records ,ridiculous mistakes , referring to the 23rd  month of the year in their data 

  • Haha 1
Link to comment
Share on other sites

Monday، 19 August 2019 10:21 AM

Iraqi 2020 budget to be submitted next month

image.png.4a8bf08e3c7d43e80971bb9429f46601.png

https://www.thebaghdadpost.com/en/Story/43590/Iraqi-2020-budget-to-be-submitted-next-month

 

Parliament Financial Committee member Junain Al-Qaddo affirmed Monday that the new 2020 budget will be discussed next month.

Qadddo further said that the budget set oil barrel prices at $56 per barrel.

He also pointed out that this budget will be different in nature than last year’s budget because this one is relying more on investments, and not operation.

The Parliament Member said they will discuss allocation some money from the budget to certain types of citizens, like the unemployed.

  • Thanks 1
Link to comment
Share on other sites

Iraqi 2020 budget to be submitted next month

820191815418653892512 Parliament Financial Committee member Junain Al-Qaddo affirmed Monday that the new 2020 budget will be discussed next month.

Qadddo further said that the budget set oil barrel prices at $56 per barrel.

He also pointed out that this budget will be different in nature than last year’s budget because this one is relying more on investments, and not operation.

The Parliament Member said they will discuss allocation some money from the budget to certain types of citizens, like the unemployed.
  • Upvote 4
Link to comment
Share on other sites

40801.jpg?watermark=w4
A member of the committee Sherwan Mirza in an interview quoted by the Patriotic Union of Kurdistan, said that "the Commission began its preparations to write a draft federal budget for Iraq for the year 2020," Likely "high proportion of the Kurdistan region of that budget from 12.67% to 14%." He added, "Talks between the governments of Erbil and Baghdad are witnessing good progress in order to resolve the outstanding problems between the two sides, especially the question of the budget," noting that "is not expected to return the proportion of the region of that budget to 17%
Link to comment
Share on other sites

Parliamentary Finance: Budget 2020 will see a diversity of sources and considered the worst target clear

Political 08:43 - 21/08/2019

https://www.mawazin.net/Details.aspx?jimare=61058

image.png.59026d38d76ff6e690c5b49a13d33498.png

 

Baghdad - Mawazine News
Expected Finance Committee in the House of Representatives, on Wednesday, to see the budget of 2020 diversified sources, pointing out that the worst and clear targeting of the government's fiscal policy.
Committee member Thamer Theban said that "next year's budget will be better than this year's budget, which adopted the price of a barrel of oil $ 56, while it is rising at the moment."
He added, "There are good amounts obtained from the border outlets after control," expressing hope "to invest money to improve the reality of service in the provinces."
Theban predicted that "the budget next year will see a diversification in its sources of funding in preparation for the abandonment of oil in the coming years."

Edited by 6ly410
  • Upvote 1
Link to comment
Share on other sites

 
%D9%85%D8%A7%D9%84.jpg

"Finance" expects "deficit" in the budget of Iraq for 2020 up to 72 trillion dinars

 
2019/08/20 22:48:46
 

A member of the Parliamentary Finance Committee Abdul Hadi Saadawi expected that the proportion of the budget deficit in 2020 to 72 trillion dinars, which will negatively affect the provision of services and supplies necessary for the provinces and ministries.

He attributed the Saadawi, in an interview with the newspaper "Al-Sabah", in its semi-official issue issued Wednesday to increase the deficit to "poor planning and disbursement of a lot of money without reference to the budget, as well as the refusal of the Kurdistan region to deliver oil imports to Baghdad."

Al-Saadawi pointed out that "the deficit will increase the burdens on the government and may force it to borrow internal and external, which will be a burden on it in the coming years," usually the government's fiscal policy as "wrong because of the deliberate decisions of the Council of Ministers to spend a lot of money without reference to the draft budget In addition to the violation of the Minister of Finance to disburse funds to the Kurdistan region despite his failure to pay oil and border revenues to Baghdad, "he said.

https://www.shafaaq.com/ar/اقتصـاد/المالية-تتوقع-عجزا-في-موازنة-العراق-لعام-2020-يصل-لـ72-ترليون-دينار/

  • Haha 1
  • Upvote 1
Link to comment
Share on other sites

Member of Parliamentary Finance: High deficit budget 2020 and increase external loans

Release date:: 2019/8/21 8:23122 times read
Member of Parliamentary Finance: High deficit budget 2020 and increase external loans
 
{Baghdad: Euphrates News} A member of the Finance Committee, Abdul Hadi Saadawi pessimism of the budget 2020.
Saadawi said in a press statement, "The proportion of deficit will rise to 72 trillion dinars, which will negatively affect the provision of services and supplies necessary for the provinces and ministries."
Saadawi attributed the increase in the deficit to "poor planning and spending a lot of money without reference to the budget to refrain from the Kurdistan region, as well as the delivery of oil imports to Baghdad."
She pointed out that "the deficit will increase the burden on the government and may be forced to borrow internal and external, which will be a burden on it in the coming years."
Al-Saadawi counted the government's fiscal policy as "wrong because of the undisclosed decisions of the Council of Ministers to spend a lot of money without referring to the draft budget, in addition to disbursement of the Minister of Finance."
  • Upvote 1
Link to comment
Share on other sites

 
16737.jpg
 
  

 money and business


Economy News _ Baghdad

A member of the Parliamentary Follow-up Committee, Anaam Al-Khuzaie, called on Thursday to reconsider the mechanism of managing the country's financial resources and to overcome the financial routine. 
"The problem of deprivation, poverty and lack of services in the southern governorates, despite being floating on a sea of black gold, despite the general budget's dependence on oil imports from these governorates, has worsened," Khuzaie said in a statement. The general budget of the proportion of petrodollars and investment allocations specified for these provinces, but the situation of living and service has not changed, but has worsened during the previous years.
The delay in launching investment allocations and the short period between the arrival of these allocations to the governorates and the end of the fiscal year is the main reason for the survival of the situation as it is and increase the rate of disadvantage, poverty and lack of services. 
"This painful reality requires a review of the mechanism of managing the country's financial resources and overcoming the existing financial routine through the establishment of the Public Projects Fund or the Investment Fund, in which the overflow of the public budget is deposited annually (end of December) in order to finance approved projects after the start of The new fiscal year (January 1) to ensure the continuous financing of projects and get rid of the funding gap between the beginning of the year and through the approval and publication of the budget and the launch of allocations, which may be up to 6 months.
"This problem is repeated every year," Al-Khuzaie said, stressing that "this year there is an opportunity to implement the project or investment fund proposal and overcome all obstacles that limit its legislation and its application on the ground to serve the oppressed Iraqi people and to improve the service and investment reality and create new jobs in Iraq".


Views: 47   Date Added: 22/08/2019

 
  • Upvote 2
Link to comment
Share on other sites

  
%D9%86%D8%AF%D9%89-%D8%B4%D8%A7%D9%83%D8

The information / Baghdad .. The 
Committee on Economy and Investment Parliamentary, on Saturday, details of the budget 2020, noting that the government failed to implement most of the current budget clubs in the field of investment. 
Committee member Nada Shaker Jawdat said in a statement to the information that "next year's budget will include the allocation of huge amounts of investment in the field of industry and agriculture in order to reduce dependence on oil and world prices." 
She added that "the wave of popular and youth discontent is increasing demands for job opportunities in the government sector, which requires a serious pause from parliament and the government to improve the reality of factories and operation as well as increased spending on agriculture." 
Jawdat said that "the government failed to implement the provisions of the current budget on reducing dependence on oil despite the achievement of achievements in the field of agriculture, but it did not succeed in improving the reality of factories and turn them into profitable." 
Jawdat is a deputyThe coalition victory that "next year's budget will include increased support for the domestic product and the addition of other products on the list of government ban to allow them to compete in the local market, especially the food and agricultural industry." Ended / 25 KD

  • Upvote 6
Link to comment
Share on other sites

Parliamentary Finance: Next year's budget deficit is large .. Oil revenues do not cover operational

Political 08:51 - 25/08/2019

https://www.mawazin.net/Details.aspx?jimare=61844

image.thumb.png.b62d7f37cd75f82463c76bd823f158cc.png

 

Special- Mawazine News
A member of the parliamentary Finance Committee, Sunday, that the budget deficit next year will be large, while noting that oil revenues do not cover the operational budget.
Naji Redis Al-Saidi said in an interview with (Mawazine News) that "talk about a budget deficit next year up to 72 trillion dinars just leaks media, but the deficit will be large."
He added, "This deficit comes from several factors, including debt and repayment of loans and recent appointments that have been added as salaries and allocations to the budget and oil prices of up to 52 dollars per barrel."
He pointed out, "oil prices do not cover the operational budget, how the investment budget," noting that "the government is required to work to cover the deficit from economic resources other than oil."
He continued, "The draft budget law has not reached the House of Representatives of the government so far."

  • Haha 1
  • Upvote 1
Link to comment
Share on other sites

  • yota691 changed the title to Parliamentary Finance: The 2020 budget includes the exchange of the last payment of Kuwait's debts
  • paperboy locked this topic
Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.