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


yota691
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Here we go again..who would have thought 6 years on from 2013...and the oil law, article 140 and investment laws are being discussed and to be voted on, and now we have the Kurds and Baghdad agreeing to amend  the budget...must mean good things are coming...and let’s not forget coins and delete zeros project? Are we close?

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Parliamentary Finance reveals the near completion of the 2020 budget .. and warns

Date: 2019/29 21:08 • 155 read times
Parliamentary Finance reveals the near completion of the 2020 budget .. and warns
 
BAGHDAD: The member of the parliamentary Finance Committee Ahmed Haji Rashid, on Monday, the need to hand over the Kurdistan region to the federal government, warning of not reaching an agreement.
Rashid said in a press statement, that "talk about the budget of 2020 must be in accordance with the facts and facts on the ground, pointing out that it is premature to talk about the budget of 2020, but what can be said it can not be like the budget of 2019."
He said, "The region must agree on the issue of oil delivery to the federal government and resolve this file because there is a risk in not reaching an agreement."
Rashid stressed that "the presence of Kurdish delegations to discuss outstanding issues and arrange papers since the 2020 budget is about to be completed in the Federal Ministry of Finance."
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11 hours ago, DinarThug said:

 

Don’t Answer It - But Bruce And Luigi Just Sent U A Text Saying ‘Hold Me’ ! :o 

 

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44 minutes ago, 6ly410 said:

Parliamentary Finance reveals the near completion of the 2020 budget .. and warns

Date: 2019/29 21:08155 read times
Parliamentary Finance reveals the near completion of the 2020 budget .. and warns
 
BAGHDAD: The member of the parliamentary Finance Committee Ahmed Haji Rashid, on Monday, the need to hand over the Kurdistan region to the federal government, warning of not reaching an agreement.
Rashid said in a press statement, that "talk about the budget of 2020 must be in accordance with the facts and facts on the ground, pointing out that it is premature to talk about the budget of 2020, but what can be said it can not be like the budget of 2019."
He said, "The region must agree on the issue of oil delivery to the federal government and resolve this file because there is a risk in not reaching an agreement."
Rashid stressed that "the presence of Kurdish delegations to discuss outstanding issues and arrange papers since the 2020 budget is about to be completed in the Federal Ministry of Finance."

Maybe, just maybe they actually get it done! Please Lord.

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2019/09/02 21:33

Parliamentary Finance reveals the near completion of the 2020 budget

http://almasalah.com/ar/news/177666/المالية-النيابية-تكشف-عن-قرب-إنجاز-موازنة-2020

 

Baghdad / Obelisk: A member of the parliamentary Finance Committee Ahmed Haji Rashid, on Monday, the need to hand over the Kurdistan region oil to the federal government, warning not to reach an agreement.

Rashid said in a press statement followed by "obelisk", that "talk about the budget of 2020 must be in accordance with the facts and facts on the ground, pointing out that it is premature to talk about the budget of 2020, but what can be said that it can not be like the budget of 2019."

He said, "The region must agree on the issue of oil delivery to the federal government and resolve this file because there is a risk in not reaching an agreement."

Rashid stressed "the attendance of Kurdish delegations to discuss outstanding issues and arrange papers since the 2020 budget is about to be completed in the Federal Ministry of Finance.

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Information / Baghdad .. 
Parliamentary Finance Committee revealed, Tuesday, details of the meetings on the development of the draft 2020 budget details, noting that the deficit is estimated at about 72 trillion dinars is theneed for the whole province will be reduced dramatically too. He explained that "the deficit figure will be very small after reducing the number of projects and reduce government expenditures and dependence on additional economic resources," noting that "the initial estimate of the price of oil will be between 50 to 50 dollars a barrel because of expectations of a decline in global oil."
Council member Jamal Seydou said in a statement to the information that the Finance Committee in the House of Representatives held about 14 meetings Mo Minister of Finance and the parties involved in the ministry of the government. 
Sido said, "According to the General Budget Department provided the most important needs of the provinces and government departments without any reduction until the agreement on the draft and the total result was about 72 trillion dinars."

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Badr News / Baghdad

The MP in the parliament, Ahmed Mazhar al-Jubouri, on Wednesday, the real problem in the budget 2020. 
"The real problem in the budget next year is the debt to be repaid, which is very large debts and began to deserve on Iraq, and this will burden the priest of the budget in 2020 ”. 
Mazhar added that the “fiscal deficit crisis comes at a time when the country needs more urgently to rebuild and stabilize the areas liberated from ISIS.” 
He pointed out that "the government should not harm the salaries of citizens and reconstruction projects and rehabilitation of liberated areas."

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  • yota691 changed the title to Parliamentary Finance: The expected large deficit in the 2020 budget will occur in this case

Parliamentary Finance: The expected large deficit in the 2020 budget will occur in this case

Political | 02:58 - 04/09/2019

 
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BAGHDAD - Mawazine News 
The Finance Committee in the House of Representatives, on Wednesday, that the expected large deficit in the budget 2020 will occur if the price of a barrel at $ 53. 
"We are facing a large deficit expected, if the price of the barrel is calculated at $ 53, especially that it is estimated that the salaries of employees and workers and allocations of social welfare networks about half of the budget, which is expected to reach about 139 trillion (116 billion dollars). " 
He added that "Parliament will put a paragraph in the budget to prevent the government of Adel Abdul-Mahdi to borrow, because the country is flooded with foreign debt, while there is no official report approved by the authorities on the size of the debt owed to the country."
Cougar said, "There are estimates based on statements by former officials and members of parliament to indicate that the external debt exceeded $ 100 billion, which is due to more than 18 countries, as well as dozens of banks and financial institutions, were borrowed after 2003, and others owed to Iraq before In 2003, these were fines imposed by international sanctions on Baghdad for its invasion of Kuwait in 1991 and debts in favor of Saudi Arabia as well.

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Special "Covenant News" .. Finance parliamentary reveal an increase in the salaries of retirees and resolve the fate of employees

By Ali 04/09/2019 02:50 PM | Number Of Hits: 2866
Special "Covenant News" .. Finance parliamentary reveal an increase in the salaries of retirees and resolve the fate of employees

Ahd News - Baghdad

Revealed member of the Finance Committee Ikhlas Dulaimi on the existence of an increase in the salaries of retirees in the budget next year.

Al-Dulaimi told "Al-Ahd News" on Wednesday, that: The House of Representatives is currently considering the inclusion of an increase in the salaries of retirees being very few and does not live up to the level provided by this segment of the gifts of the country , pointing out that ".

Regarding the salaries of employees, Dulaimi indicated that "the 2020 budget will not include any increase in the salaries of employees."

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Finance Committee of the "Covenant News": announced deficit in the 2020 budget is exaggerated

Finance Committee of the "Covenant News": announced deficit in the 2020 budget is exaggerated

  Ahd News - Baghdad

The Finance Committee in the House of Representatives, on Thursday, that talk of a deficit in the budget of 2020 is 72 trillion dinars is very exaggerated.

Committee member Mahasen Hamdoun told Al-Ahd News that this deficit is still not fixed until now.

She pointed out that the discussions are limited to the Ministry of Finance and a number of members of the parliamentary committee, without giving further details. is over/ 6

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Iraq is expected to face an "unprecedented crisis" in the 2020 budget

2019-09-04 | 07:14
Iraq is expected to face an "unprecedented crisis" in the 2020 budget
 
14,478 views

A deputy in the Iraqi parliament, likely to face "an unprecedented crisis" in the 2020 budget, pointing out that the deficit in this budget will reach 30 billion dollars.

The MP said in a statement that "there are expectations that Iraq will be on a new date with a fiscal deficit during the next year 2020," noting that "many indicators and estimates show that it will be the worst in about 16 years in light of the decline in resources, and high costs of debt and war ".
 
 
He added that "work started early this year to discuss the actions of the government and what to do with a deficit expected to be catastrophic if oil prices fall below current levels or tensions in the Strait of Hormuz lead to fluctuation of oil exports through Basra ," pointing out that "the government and parliament bear the reason This deficit. "
 
He stressed that "it is scheduled to begin the financial and legal committees in the Iraqi parliament at the end of September, to hold discussions on the new budget amid expectations of the deficit to reach 30 billion dollars, compared to 23.3 billion dollars this year."
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Finance Committee .. Iraq's budget deficit for 2020 within the safe limits

 Thursday 05 September 2019
 
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Baghdad - Writings

The Iraqi Council of Representatives has rejected reports of an unprecedented budget deficit next year 2020.

The Finance Committee in the House of Representatives that the number echoed about the deficit in the next budget, estimated at 72 trillion dinars is greatly exaggerated.

Mahasin Hamdoun, a member of the Finance Committee, said in remarks to the Iraqi media, Thursday, September 5, 2019, that the deficit referred to is not fixed at the time of writing this line and did not inform the Committee of any details of the 2020 budget, pointing out that the discussions are still ongoing between Ministry of Finance and a number of members of the parliamentary committee.

https://kitabat.com/news/اللجنة-المالية-عجز-موازنة-العراق-لـ-2020-ف/

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Deputy: Parliament will not vote on the budget for 2020 and there is a blackout on Kurdistan's oil exports

Political | 01:17 - 05/09/2019

 
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BAGHDAD - Mawazine News 
MP Salim Tahmir Tufayli, on Thursday, that the House of Representatives will not vote on the budget 2020, pointing to the existence of a blackout on Kurdistan's oil exports. 
`` The House of Representatives will not approve the 2020 budget as long as the figures are inaccurate and there is no transparency between the volume of oil exports to the region and the government's support from the 2019 budget for the region, although it did not receive imports, '' Tufayli said in a statement received. 
The MP called, the Iraqi government and the Kurdistan region to "openness and disclose the facts to the Iraqi people about the amount of oil exported by the region, and how the Iraqi government has paid from the budget of the region despite not receiving the export dues." 
Tafili continued wondering: "The reason for the media blackout and the absence of transparency in disclosing the quantities issued by the region and how the government paid the budget of the region for 2019."
He pointed out that "the 2020 budget will witness the birth of very difficult and great differences, as a result of the lack of transparency in the dealings between the Center and the region and representatives of the productive and deprived provinces in the center and south will have the word of the direction of duplication by the government with the productive provinces and provinces of the region."

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MP: Parliament will not approve the 2020 budget as long as the figures are inaccurate and transparency is zero

05/09/2019

 

 

 

(Independent)… Member of the Investment Committee MP of the opposition wisdom bloc Salem Tufayli said on Thursday that the House of Representatives will not approve the 2020 budget as long as the figures are inaccurate and transparency is lacking between the volume of oil export.

Tufayli called in a statement today, "the Iraqi government and the Kurdistan region to openness and disclose the facts to the Iraqi people about the amount of oil exported by the region, and how the Iraqi government has paid from the budget of the region despite not receiving export dues."

He expressed his view that "the 2020 budget will witness the birth of very difficult and large differences due to the lack of transparency in the dealings between the center and the region and will be representatives of the productive and deprived provinces in the center and south, the word of the direction of duplication that the government deals with producing provinces and provinces of the region," as he put it.

The Kurdistan Regional Government says the oil export resources go as receivables for foreign investment companies operating in the region, and offered to pay those dues to resume delivery of Baghdad agreed quantities of oil.

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Special "Covenant News" .. For the first time since the fall of the former regime Iraq changes its dependence on oil in the budget

By Ali 05/09/2019 01:12 PM | Number Of Hits: 861
Special "Covenant News" .. For the first time since the fall of the former regime Iraq changes its dependence on oil in the budget

 

Ahd News - Baghdad

The parliamentary Finance Committee revealed a tendency to change the sources of funding the federal budget of Iraq and not only oil, as is the case since the fall of the former regime and to the previous year.

"According to the meetings that are currently being held to discuss the budget for next year 2020, it will not only rely on oil, but in addition to other disrupted sectors over the past years," committee member Ikhlal Dulaimi told Al-Ahd News on Thursday.

Dulaimi added that "the most important sectors being studied are agriculture, trade and industry as well, where these rigid sectors will be activated for many years."

 
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The opposition expects a "very difficult birth" for the 2020 budget and invites Erbil and Baghdad

 
 
 2019/09/05 06:18:40
 

A member of the Investment Committee MP of the opposition wisdom bloc Salem Tufayli said on Thursday that the House of Representatives will not approve the 2020 budget as long as the figures are inaccurate and transparency is lacking between the volume of oil export.

Tufayli called in a statement today, "the Iraqi government and the Kurdistan region to openness and disclose the facts to the Iraqi people about the amount of oil exported by the region, and how the Iraqi government has paid from the budget of the region despite not receiving export dues."

He expressed his opinion that "the 2020 budget will witness the birth of very difficult and large differences due to the lack of transparency in the dealings between the center and the region and will be representatives of the productive and deprived provinces in the center and south, the word of the direction of duplication, which the government deals with producing provinces and provinces of the region," as he put it.

The Kurdistan Regional Government says the oil export resources go as receivables for foreign investment companies operating in the region, and offered to pay those dues to resume delivery of Baghdad agreed quantities of oil.

 
 

 

 

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Parliamentary economy: the 2020 budget will witness the difficult birth of the absence of transparency in the region's oil

19:56 - 05/09/2019
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Information / Special…

The Parliamentary Economy Committee confirmed on Thursday that the 2020 budget will witness a difficult birth due to differences and the lack of transparency in the oil exports file between the center and the region, noting that the deputies of oil-producing provinces will have a word in the next budget towards the duplication of the central government deal with the region and oil-producing provinces.

A member of the Committee on Economy Salem Tufaili / information / that `` the House of Representatives will not approve the 2020 budget as long as the figures are inaccurate and transparency is lacking between the volume of oil exports to the region and what the government paid from the budget of 2019 for the region, despite not receiving imports from Kurdistan. ''

He added that "the government is required to be frank and reveal the facts to the Iraqi people about the amount of oil exported by the region, and how the Iraqi government has paid from the budget of the region," expressing surprise at the "reason of the media blackout and the absence of transparency in this regard."

He explained that "the 2020 budget will witness the birth of very difficult and significant differences as a result of the lack of transparency in the dealings between the Center and the region," noting that "representatives of the southern and oil-producing and deprived provinces in the center will have a word to approve the 2020 budget, the direction of duplication by the government dealing with producing provinces and provinces of the region." 25 and over

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Appointing the first universities and colleges within the 2020 budget

 
Baghdad / Al-Sabah / Omar Abdul Latif
 
The Higher Education Parliamentary Committee revealed that the budget for next year 2020 will include the appointment of top students to colleges and universities.
This comes at a time, which confirmed the parliamentary Finance Committee that the budget deficit 2020 reached - according to the prototype - to 72 trillion dinars, calling on the ministries concerned to work and take all measures to help reduce the deficit and its effects.
Member of the Education Committee, Inas Al-Maksousi told Al-Sabah: Law No. 67 of 2017 provides for the appointment of top students in colleges and universities to permanent staff in ministries and non-affiliated bodies, noting that through communication with the Ministry of Higher Education and Scientific Research Ministry It was agreed to activate the provisions of the law on the appointment of the first students.
Al-Maksousi explained that the law has been initiated since the previous session, but it has not entered into force so far.
Al-Maksousi added that the committee stressed the need to include financial allocations in the budget next year commensurate with the outputs of the Ministry of Education due to its great importance in the advancement of the reality of the country.
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Parliamentary finance reveals a frightening figure for the 2020 budget deficit for the first time in the country's history

Release date:: 2019/8/8 8:24 • 1368 times read
Parliamentary finance reveals a frightening figure for the 2020 budget deficit for the first time in the country's history
(Baghdad: Euphrates News) The parliamentary finance committee revealed that the federal budget deficit for 2020 reached - according to the prototype - to 72 trillion dinars.
Committee member Jamal Kuger said in a press statement that "the next budget is different from the previous budgets in two things. The second is negative, as it contains a lot of deficits and the deficit in the prototype budget reached 72 trillion dinars, which is a very high figure for the first time up to the deficit. Ara To this figure. "
He added, "The Ministries of Planning and Finance are interested in studying the most important mechanisms and vocabulary that contribute to reducing this deficit because the more the deficit stops the movement of investment in the country and the greater the operational budget, the less the investment budget," noting that what led to this large deficit He called the ministries concerned to cooperate with the Parliamentary Finance Committee to work to reduce and reduce the deficit rate.
As for the most prominent solutions that can address the deficit, Kojer explained: “There are a lot of (imaginary - space) who receive fictitious salaries and this situation can be addressed, and the second is to control the revenues of the border outlets that the Inspector General stated that there are 6 ports The government does not have any control over it after the official working hours; in the sense that the resources that come through it do not go to the state but to other parties, and that the remaining outlets there is great corruption.
He continued: "The third solution is to shift the point of government from the government sector to the private sector, that is (why the government bears all salaries without charge ?!) , The fourth solution is represented to fight corruption through real money reserve figures reaped fortunes by exploiting positions as well as other mechanisms ".anthy
and on external borrowing, pointed cougars, that" the Finance Committee decided to stop external borrowing, because one of the most important as The deficit is the repayment of interest on loans, where $ 19 million in interest will be repaid on loans that the country has not benefited from. ”
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2019/09/08 09:20

Repayment of foreign loans is one of the reasons for the budget deficit

http://almasalah.com/ar/news/177985/المالية-النيابية-تسديد-فوائد-القروض-الخارجية-احد-اسباب-العجز-في-الموازنة

 

BAGHDAD / Obelisk: revealed the parliamentary Finance Committee, on Sunday, September 8, 2019, a figure it described as very frightening for the budget deficit 2020 according to the prototype of its draft, while noting that the receipt of many illusory "space" salaries of the biggest problems plaguing the country's budgets.

Member of the Committee MP Jamal Cougar said in a press statement followed by the obelisk, that "the next budget is different from the previous budgets in two things, the first is that the model will change any shift to the new method of" items "to" programs and performance "and will apply this method to only two ministries During the next year, the ministries of health and education and the rest of the ministries applied to the old system in the manner of "items", the second is negative as it contains a lot of deficit and reached the deficit in the prototype of the budget to 72 trillion dinars, a high number and very frightening, and for the first time up the deficit In the Iraqi state to this number. "

He added, "The ministries of planning and finance are interested in studying the most important mechanisms and vocabulary that contribute to reduce this deficit because the greater the deficit stopped investment movement in the country and the more operational budget decreased the investment budget," noting that what led to this large deficit is "increase the operational budget" He called the ministries concerned to cooperate with the parliamentary finance committee to work to reduce the deficit.

As for the main solutions through which the deficit can be addressed, Kojer explained: "There are a lot of" space people "who receive fake salaries and can address this situation, and the second is to control the revenues of border ports, which the Inspector General said that there are six border ports are not for the government Any control over them after the end of official working hours, in the sense that the resources that come through them do not go to the state but to other parties, and the remaining outlets there is great corruption. "

He continued: "The third solution is to shift the direction of the government from the government sector to the private, that is," Why the government bears all salaries for free ?! "For example, the electricity sector can be put to privatization on the condition that the investor should bear the burdens and salaries of the existing cadre and similar to other sectors The fourth solution is to fight corruption in a real way by seizing the money of personalities who have reaped great wealth through the exploitation of positions, as well as other mechanisms.

On foreign borrowing, Kojer pointed out that "the Finance Committee decided to stop external borrowing, because one of the most important reasons for the deficit is the repayment of interest on loans, where will be repaid $ 19 million in interest for loans that did not benefit the country."

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Information / Special…

The parliamentary Finance Committee, on Sunday, a government insistence on the adoption of the sale price of oil at $ 56 within the draft federal budget law for 2020.

Committee member Hanin Qaddo said in a statement to the information, that "the decline in global oil prices and stability of up to $ 50 will negatively affect the budget for next year," pointing out that "the government's insistence on the adoption of $ 56 as a price to sell a barrel of oil may be paid for external borrowing in If oil prices fell below $ 50. ”

He added that "the government is determined to adopt 56 dollars as a price to sell a barrel of oil within the 2020 budget to achieve employment opportunities and complete service projects," noting that "Parliament is leading a move to reduce the sale price of oil to avoid the expected deficit before the economic situation is exposed to significant risks."

The economist Latif Okaili has shown, on Saturday, that the United States increase its oil production in world markets in an attempt to reduce the price of oil to $ 50 and maintain these rates, while explaining that the increase is temporary and aimed at reducing the price of oil. Finished 25 T.

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Sunday, September 8, 2019 04:47 PM
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BAGHDAD / .. A member of the Parliamentary Finance Committee that the federal budget for 2020 includes new appointments and addition in the amounts of salaries.

"There is a new addition to the amounts of salaries and the 2020 budget will include new appointments, but so far the budget has not been drafted in figures," MP Haneen Qaddo said in a press statement.

He added, "There are a lot of proposals and proposals from the ministries such as the ministries of planning and finance, will be transferred to the government and the Council of Ministers and the Shura Council and the budget will be sent to the House of Representatives in October."

"The issue of absorbing tens of thousands of graduates into government jobs is irrational because the government does not have these capabilities to employ everyone," said Kaddo.

He called for "encouraging the private sector and consolidating these capabilities through the establishment of large strategic projects and activating investment and legislation of the social security law, which allows those who work in the private sector to receive pensions like those working in the government sector."

Kaddou pointed out that "these are important points to address this issue either relying on appointments in the government sector, the government can not contain all the graduates, which amounted to nearly 40 thousand graduates and there are accumulations of previous years for this must be the new mechanisms that the government is thinking to absorb this Segment. "

"We are now looking for mechanisms to support the private sector and investment and if we are not satisfied with the budget, we will return it to the government again."

The parliamentary Finance Committee revealed earlier today that the federal budget deficit for 2020 reached - according to the prototype - to 72 trillion dinars "usually it" by catastrophic.

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  • yota691 changed the title to Parliamentary Finance: The 2020 budget includes the exchange of the last payment of Kuwait's debts
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