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Iraq is heading to approve an investment budget for three years


yota691
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 money and business


Economy News _ Baghdad

The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, revealed, on Tuesday, details of the 2021 budget, indicating that what is new in the general budget is the part of the investment budget, which will be over three years. 
Al-Saffar said in a press interview that "Al-Iqtisad News" reviewed, that "the council will hold its sessions intensively and on a daily basis to compensate for what has been missed due to the disruption due to the circumstances of the Corona pandemic," adding that "the specialized committee in the General Budget Department at the Ministry of Finance has begun preparing the draft budget for 2021, and from It will definitely be completed by the end of this year. "
He noted the completion of the 2021 draft budget, which will be necessary to put the government's financial disposal in a legal framework. 
The committee’s rapporteur continued, “What is new in the general budget is related to the investment budget, which will be over three years and the sums will be divided over it,” adding that “no project is being completed in one year, so an investment budget will be allocated for three years divided into years, and this is what It is called annual budget performance, and changes are expected in the budget structure and in matters related to the operational and investment side. 
He indicated that "the current year is nearing completion, and the 2020 budget project, which will be sent for approval in the House of Representatives, will be based on the operational side and not on the investment, because no budget has been issued for the allocation of investment funds, and there are no projects that can be implemented during the remaining four months of the year. The sums that were disbursed from 1-1 to the ninth month, and the rest of them will be speculative in terms of spending and revenues. " 
And Abizaid Al-Saffar, as for the sums that will be estimated for investment according to the 2020 budget, it may be added to the investment budget for 2021.

 
 
Number of observations 459   Date added: 09/01/2020
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1 hour ago, yota691 said:

the general budget is the part of the investment budget, which will be over three years. 

And the same budget the IMF is helping Iraq with as well.  I've never known Iraq to work for a long term on the budget, only year by year.  Seems like something is different this time around.  Thanks yota for all you do.

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03-09-2020 09:59 AM
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Baghdad / Al-Akhbariya

The Parliamentary Finance Committee revealed, on Thursday, that the Budget Committee at the Ministry of Finance has begun preparing a draft budget for the next three years, while it indicated that it is awaiting the arrival of the draft budget for the current year 2020.

The reporter of the committee, Ahmed Al-Saffar, said in a statement to the official news agency that "the budget committee at the Ministry of Finance has begun preparing the draft budget for the years 2021, 2022 and 2023," stressing that "there is a new strategy by developing a budget project for the next three years."

He added that "the budget for the year 2021 is binding and will be implemented. As for the budgets of 2022 and 2023, they are planned, and amendments will be made to them in a timely manner."

He pointed out that "this strategy will focus on the investment side, and this project will be completed before the end of this year."

He explained that "the Finance Committee is waiting to send the draft budget law for the year 2021, to find out what has been spent during the past 8 months, and what is planned for its spending and its collection of revenues and expenditures in the next four months," indicating that "the committee will proceed with its sessions and meetings in order to discuss current financial issues."  

 

 

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Information / Special ...

The Parliamentary Finance Committee confirmed, Thursday, that the draft federal budget law for 2021 will arrive in Parliament soon.

A member of the committee, Abdul Hadi Al-Saeedi, told / information /, that "the cabinet is now in the process of completing the provisions of the draft federal budget law for 2021," noting that "the budget will be different from previous years."

He added that "about 230 degrees and functional will be within the draft budget," indicating that "the Council of Ministers will send the project to the House of Representatives soon."

The Parliamentary Finance Committee revealed, earlier, that there are more than 240,000 job degrees within the draft federal budget law for 2021.

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Economy News _ Baghdad

The Parliamentary Finance Committee confirmed, on Sunday, that the general budget for the next year did not reach the House of Representatives, while it indicated not to allow renewal of borrowing.
The head of the committee, Haitham al-Jubouri, said in an interview followed by Al-Iqtisad News.
Al-Jubouri added, "It is assumed that the government will find solutions other than borrowing to increase its revenues through non-oil revenues, such as customs taxes and the collection of services, fees and other chapters."
The Parliamentary Finance Committee revealed, earlier that the Budget Committee at the Ministry of Finance has begun preparing a draft budget for the next three years, while it indicated that it is awaiting the arrival of the draft budget for the current year 2020.

 
 
Number of observations 65   Date added: 09/06/2020
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06-09-2020 01:38 PM
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Baghdad / Al-Akhbariya

Today, Sunday, the head of the Parliamentary Finance Committee, Haitham al-Jubouri, stressed that the government will not be allowed to renew borrowing from any banks, calling for finding other resources to supplement the financial budget.

Al-Jubouri said in a press statement that the general budget for the next year has not yet reached the House of Representatives to discuss its provisions and vote on them, pointing out that "the House of Representatives is not with the renewal of financial borrowing from abroad or from the inside, as this increases the burden of the budget."

He added that "Parliament is currently exerting pressure to present the financial and economic reform paper," explaining that "the government must find solutions other than borrowing to increase its revenues through non-oil revenues, such as customs taxes and the collection of services, fees and other chapters."

It is noteworthy that the current government has faced great problems in paying the salaries of employees and retirees since it took office, which forced it to borrow, but it has initiated a series of reform measures to consolidate government revenues, such as monitoring border crossings by land, sea and air, and it has formed a supreme committee to pursue the corrupt.

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The Finance Committee of the Iraqi Representatives: Next year's budget did not reach the Council

The Finance Committee of the Iraqi Representatives: Next year's budget did not reach the Council
Iraqi Parliament - Archives
 06 September 2020 12:52 PM

Mubasher: The Finance Committee of the Iraqi Council of Representatives confirmed today, Sunday, that the general budget for the next year has not reached the Council yet.

The head of the committee, Haitham al-Jubouri, told the Iraqi News Agency (INA): The House of Representatives is not with the renewal of financial borrowing from abroad or from within, as this increases the burden of the budget.

Al-Jubouri indicated that the Iraqi parliament is exerting pressure to present the financial and economic reform paper.

He continued, "The government is supposed to find solutions other than borrowing to increase its revenues through non-oil revenues, such as customs taxes and the collection of services, fees and other aspects."

The Parliamentary Finance Committee revealed, earlier that the Budget Committee at the Ministry of Finance has begun preparing a draft budget for the next three years, and that it is awaiting the arrival of the draft budget for the current year 2020 to the House of Representatives.

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6 September, 2020 | 12:58 PM   -   Readings: 23 views
 
The Ministry of Planning reveals: Refer the 2020 budget to the cabinet for approval and send it to Parliament



The Iraqi position network
 

 

The Ministry of Planning announced, on Sunday, that the budget for the year 2020 will be transferred to the Council of Ministers for approval and then referred to the House of Representatives for approval so that the borrowing law can be approved with the aim of launching the entitlements of employees and citizens for the remaining months of the current year, confirming work with the relevant authorities to prepare the budget for the year 2021.

The Undersecretary of the Ministry Maher Hammad Johan said in a statement reported by Al-Sabah newspaper that “the federal financial budget for the current year 2020 that the Ministry of Finance sent to the Council of Ministers last Wednesday is the same budget that was prepared earlier and contains a financial deficit of 80 trillion dinars. And it relied on a total amount estimated at 146 trillion dinars.

Johan promised "sending the budget is necessary," stressing that "the budget has not undergone any change, and also contained the launch of bonuses and promotions for all employees."

He explained that “the available job grades for retirement assignment have been added to the federal budget for the year 2021,” noting that “the ministries of planning and oil, in addition to the central bank, the customs authority and the public debt department, are currently reviewing the sums that could be supplied to the 2021 budget that lacks Until now there are final figures. ”

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Editing date: 6/9/2020 9:07 • 100 read times
Refer the 2020 budget to the Council of Ministers ... and this is the most prominent of its contents
{Baghdad Where News} The Ministry of Planning referred the budget for the year 2020 to the Council of Ministers for approval, and then referred it to the House of Representatives for approval so that the borrowing law could be approved in order to release the entitlements of employees and citizens for the remaining months of the current year, confirming work with the relevant authorities to prepare the budget for the year 2021
. Maher Hammad said in a press statement that "the federal financial budget for the current year 2020, which was sent by the Ministry of Finance to the Council of Ministers last Wednesday, is the same budget that was prepared earlier and contains a financial deficit of 80 trillion dinars, and was based on a total amount estimated at 146 trillion Dinar".

A promise to send the budget is necessary in order for the House of Representatives to approve the borrowing law, which will contribute to providing salaries for employees and citizens' entitlements for the remaining months of the current year, stressing that the budget has not undergone any change, and also contained the release of bonuses and promotions for all employees, indicating that the available job grades for referral to Retirement, has been added to the federal budget for the year 2021. ”

Hammad stated that“ the ministries of planning and oil, in addition to the Central Bank, Customs Authority and Public Debt Department, are currently reviewing the amounts that could be supplied to the 2021 budget, which now lacks any final figures. ”
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Refer the fiscal year 2020 budget to the Council of Ministers

 
 
 Baghdad: Tariq Al-Araji 
The Ministry of Planning referred the budget for the year 2020 to the Council of Ministers for approval, and then referred it to the House of Representatives for approval so that the borrowing law can be approved in order to release the entitlements of employees and citizens for the remaining months of the current year, confirming work with the relevant authorities to prepare the 2021 budget.
The Undersecretary of the Ministry Maher Hammad Johan said to “Al-Sabah”: that the federal financial budget for the current year 2020 that the Ministry of Finance sent to the Council of Ministers last Wednesday is the same budget that was prepared earlier and contains a financial deficit estimated at 80 trillion dinars, and it depended on the amount A total of 146 trillion dinars. A promise to send the budget is necessary, stressing that the budget has not undergone any change, and also contained the launch of bonuses and promotions for all employees, indicating that the available job grades for retirement were added to the federal budget for 2021.
And Johan revealed that the Ministries of Planning and Oil, in addition to the Central Bank, Customs Authority and Public Debt Department, are currently reviewing the amounts that could be supplied to the 2021 budget, which now lacks the existence of final figures.
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Iraqi ministers receive the 2020 budget for approval

Iraqi ministers receive the 2020 budget for approval
Presidency of the Iraqi Council of Ministers
 06 September 2020 07:50 PM

Mubasher: The General Secretariat of the Iraqi Council of Ministers announced today, Sunday, that it will receive the special budget for the remainder of the year 2020.

Haider Majeed, spokesman for the General Secretariat of the Council of Ministers, told the Iraqi News Agency (INA), that "the General Secretariat of the Council of Ministers has officially received from the Ministry of Finance the special budget for the remainder of the year 2020."

He added, "After being scrutinized by the legal department, it will be presented to the next cabinet sessions for the purpose of discussion and approval, and then referred to the House of Representatives."

The Ministry of Planning referred the 2020 budget to the Council of Ministers for approval, and then referred it to the House of Representatives for approval so that the borrowing law could be approved in order to release the entitlements of employees and citizens for the remaining months of the current year, confirming work with the relevant authorities to prepare the 2021 budget.

The Finance Committee of the Iraqi Council of Representatives confirmed today, Sunday, that the general budget for next year has not reached the Council yet.

The head of the committee, Haitham al-Jubouri, told the Iraqi News Agency (INA): The House of Representatives is not with the renewal of financial borrowing from abroad or from within, as this increases the burden of the budget.

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Iraq .. The prime ministers and parliament are discussing the country's general budget

Iraq .. The prime ministers and parliament are discussing the country's general budget
The Prime Minister and the Speaker of Parliament chair a joint meeting to discuss the state budget
 07 September 2020 10:49 AM

Mubasher: The Iraqi Prime Minister, Mustafa Al-Kazemi, held a joint meeting on Sunday evening with the Speaker of Parliament; Mohammed Al-Halbousi, to discuss the state budget for 2020.

The Media Office of the Prime Minister stated that the holding of this meeting, which was attended by a number of ministers, deputies and advisors, comes within the methodology of cooperation between the legislative and executive authorities, in order to develop the best means and pillars that serve the national economy .

The meeting discussed, according to the media office, the draft law of the state's general budget for the year 2020, as it is one of the most important goals of the government’s ministerial curriculum, in a manner that ensures the citizen’s interest and level of living are taken into account .

The joint meeting dealt with following up on the latest steps in preparing the economic reform paper, as well as discussing general frameworks for the state budget for the next year 2021 .

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