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!

The government announces the arrival of the budget for next year to the House of Representatives


yota691
 Share

Recommended Posts

Cabinet sends the 2021 budget to Parliament
 

Baghdad - People  

The Council of Ministers announced, on Tuesday, that the 2021 budget will be sent to the House of Representatives, while noting that the salaries of low-income employees did not affect much in the next year’s budget.  

"The government's goal in the white paper is economic reform, and we have begun to address the previous economic legacy and have implemented the white paper in the 2021 budget," said the Council’s spokesman, Minister of Culture Hassan Nazim, during a press conference.  

He added that "the Council of Ministers agreed to authorize the Director General of the General Company for Ports of Iraq the authority to sign contracts with Daewoo to establish the Faw Port project," indicating that "fighting corruption is an idea with a central structure in the government."  

He pointed out that "the Anti-Corruption Committee revealed many facts and took them to integrity, and the government is carrying out a historic responsibility, which is to initiate reform."  

And he stressed that "the salaries of employees with limited income did not affect much in the budget for the next year," declaring that "the budget for next year is now in the House of Representatives."  

And Nazem stated that "Iraq will witness the entry of the Corona vaccine in the first quarter of next year."  

He announced that "the Cabinet voted to authorize the Director of the Civil Aviation Authority to sign a memorandum of understanding for the rehabilitation of Mosul Airport," noting that "the Cabinet approved the Ministry of Finance to own industrial projects."  

Follow... 

  • Thanks 2
  • Upvote 3
Link to comment
Share on other sites

Editing date: 12/22/2020 16:41 • 52 times read
http://www.alliraqnews.com/uploads/news/image/medium/story_img_5fe1f792bc599.jpg
[Baghdad-Where]
The Parliamentary Finance Committee confirmed, on Tuesday, the need for a political agreement to pass the draft general budget law for 2021 in the parliament. A member of the committee, Sherwan Mirza, said that "the draft federal budget law for 2021 has not reached the parliament so far."
He added: "For there must be a political agreement within the House of Representatives to pass the budget, especially the paragraphs related to imposing taxes on employees' salaries."
He pointed out that "Al-Kazemi presented some of the measures in the budget during his previous meeting with the political parties, as confirmed during his press conference."
Representative Sherwan Mirza stressed that "it is difficult to pass the budget through the parliament without a political agreement."
 
  • Thanks 2
  • Upvote 3
Link to comment
Share on other sites

Al-Nasr announces its position on the government's decision to protect low-income people

Al-Nasr announces its position on the government's decision to protect low-income people
{Baghdad: Al Furat News} The "victory coalition" announced its support for the government's action not to prejudice low-income people within the 2021 budget, and to protect them in accordance with the principle of social justice.

In a statement, the Euphrates News Agency received a copy of it today, he called on the government to pressure expenditures, set a ceiling for spending priorities, reconsider all excess and unnecessary expenditures, and intensify its efforts and procedures to control border crossings and the currency selling window and automate taxes and customs, to ensure that the financial crisis is over, and to try to recover The strength of the Iraqi dinar,
Raghad Daham

 

  • Upvote 3
Link to comment
Share on other sites

Parliamentary Finance favors passing the budget within one month

 
  Baghdad: Shaima Rasheed
 
The Finance Committee in the House of Representatives expects the arrival of the 2021 budget bill from the Council of Ministers; Meanwhile, the committee’s rapporteur, Ahmed al-Saffar, favored passing the budget bill in the House of Representatives within one month after making amendments to it, on the condition that it not affect the poor classes and the salaries of employees.
Al-Saffar said: "The draft budget law will not be passed if it affects the salaries of employees and the poor classes, unless there are changes in it," indicating that "inflation occurred in the market after raising the dollar exchange rate and reducing the value of the dinar."
A member of the Finance Committee, Ahmed Hajj Rashid, confirmed in an interview with Al-Sabah that “the draft budget expresses the government's opinion of the fiscal policy, and therefore if the government is serious about undertaking reforms; We, as representatives, will bless her for these efforts, but if her work is just tinkering, then we will return to square one. ”
He added that «the Finance Committee will use its powers to change what it deems appropriate in the budget, and make the necessary transfers», indicating its intention to pass it in the month of January next «without delay».
Rashid emphasized that "the financial committee will not be satisfied with increasing the burden on the employee, and the committee members will have their opinions in this regard."
For his part, a member of the House of Representatives for the State of Law coalition, like Najman al-Rikabi, said to “Al-Sabah”: “A number of parliament members called for an emergency session to discuss some important matters, including price hikes in local markets, as well as the questioning of the Minister of Finance because of his decisions that brought The country has reached this stage », it is expected that the 2021 budget will arrive in Parliament this week.
Al-Rikabi continued: “The drop in oil prices happened more than once in the era of previous governments. Despite this, oil recovered and its prices rose, and the quantity exported from Iraq is a good and sufficient quantity,” noting that “the government if it was serious about pursuing corruption in state departments and outlets. ; When she needed to compensate for her shortage of employee salaries.
  • Haha 4
Link to comment
Share on other sites

 
  •  
 2020-12-22 15:39
 

Shafaq News / The representative of the Saeron Alliance, Riad Al-Masoudi, confirmed today, Tuesday, that the 2021 budget bill has not reached the parliament yet, expecting that Parliament will need 45 days to pass the budget.

 

Al-Masoudi said, to Shafaq News, that "the draft budget law in 2021 did not reach the parliament, and it will arrive tomorrow to the presidency of the parliament, and it in turn sends it to the Finance Committee for the purpose of studying it, and then including it on the agenda, for the purpose of reading it for a first reading."

 

And that, "after the arrival of the 2021 budget to Parliament, we need 30 to 45 days to pass the project under the dome of Parliament," adding that "the law needs careful study and lengthy discussions in order to come out in a way that does not harm the poor citizen and the simple employee."

 

Earlier Tuesday, cabinet spokesman Hassan Nazim announced the arrival of the country's 2021 budget bill to Parliament. 

 

On Monday, the Council of Ministers approved the draft budget without revealing its numbers.

 

According to the draft budget that the Shafaq News Agency reviewed a few days ago, the budget is worth 91 trillion, 790 billion, 155 million and 429 dinars, with a deficit of more than 58 trillion.

 

The budget estimated, according to the draft, the price of a barrel of oil on the basis of the price of 42 dollars a barrel, and an export rate of 3 million and 250 thousand barrels per day, including 250 thousand barrels exported from the Kurdistan region.

 

The budget also estimated the exchange rate of the dinar at 1450 per dollar, according to what was announced by the Central Bank, while the region’s share of it was determined at about 12 percent.

  • Thanks 1
  • Haha 2
  • Upvote 1
Link to comment
Share on other sites

Parliament Finance Reporter: We have indicated very illogical points in the 2021 budget and may return them to the government - urgent

Posted 5 hours ago
News source / Baghdad today
1608663989_143146-810x505.jpg
Baghdad today
News source / Baghdad today

Baghdad Today - Follow-up 

The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, spoke today, Tuesday, about the most prominent observations on the 2021 budget bill, and while noting that the budget is inconsistent with the country's economic reality, it is likely that the bill will be returned to the government.

Ahmed Al-Saffar said, in a televised interview, followed by (Baghdad Today): “Until now, the 2021 draft budget has not been sent to Parliament, which will take 4-5 days to study the project legally, after which the project will be transferred to the Finance Committee and we may use our powers to reduce spending.”

Al-Saffar added, "This budget is inconsistent with the financial and economic situation in which the country is running, because it has high spending of 150 trillion dinars, according to the leaked version, which is very exaggerated," noting that "most of the paragraphs of the leaked draft are confirmed today that they are the same final draft."

And he continued, "The price of a barrel of oil on which the budget was built is illogical because it was $ 42 while the current price of a barrel was $ 52." Covering the entire market. ”

The reporter of the Finance Committee in Parliament stressed that “the 2021 draft budget, and in case it does not comply with the government program and economic reality, will be returned to the government,” indicating that “we need 30-45 days to study and approve the project if there are no internal and external political interference, and it may disrupt it. More".

He suggested that "Parliament will not accept the passage of more loans in the 2021 budget," again calling for the need to "reduce public spending and raise the price of a barrel of oil in the budget, because every dollar can add one trillion dinars annually."

Earlier, a member of the Finance Committee, Jamal Cougar, explained the possibility of changing the exchange rate of the dollar by the House of Representatives after sending the 2021 draft budget by the government.

Cougar said in a special statement to (Baghdad Today), "Determining the exchange rate of the dollar against the Iraqi dinar is the prerogative of the Ministry of Finance and the Central Bank exclusively, and the House of Representatives has nothing to do with this issue."

He added that "the House of Representatives will work to pass the draft federal budget law for the year 2021 in the event that it reaches the Council," indicating that "the price of the new dollar is a must option."

He continued that "the new price will contribute to reducing the budget deficit significantly, while if the government went to restore the previous exchange rate and keep the salaries of employees in their previous position, the deficit will rise to about 80-100 trillion Iraqi dinars."

Yesterday, Prime Minister Mustafa Al-Kazemi asserted, Monday, December 21, 2020, that the budget will not affect the salaries of employees of the two classes, which constitute the majority of the people.

"The budget will not affect the salaries of the employees of the two classes that make up the majority of the people," Al-Kazemi said in a press conference that "Baghdad Today" followed, indicating that "the target in this budget are the upper classes."

He added that "the budget was presented to the political blocs and all of them were supportive of the government's actions," noting that "the budget will not affect only salaries of special and higher levels."

And on his recent visit to Turkey, Al-Kazemi said, "The Turkish government is ready to support Iraq with five billion dollars."

Regarding Corona vaccines, the Prime Minister confirmed that "the Minister of Health signed an agreement with private companies to supply Corona vaccine to Iraq."

At the same conference, Al-Kazemi announced the arrest of a number of suspects in bombing Al-Khadra yesterday.

He said, "Yesterday's bombing of Al-Khadra is a cowardly terrorist act, and rockets fell on Iraqis, wounding them."

He added, "We will not accept any attack on the diplomatic missions, and we arrested a group of suspects in the bombing process, and arrested officials of security forces and put them in prison after the recent bombing."

You can read the news also from the source from here

  • Thanks 2
  • Haha 4
Link to comment
Share on other sites

Editing date: 12/22/2020 22:37 • 75 times read
[Baghdad-Where]
The Parliamentary Finance Committee confirmed, Tuesday, that the tax imposed on the total salary within next year's budget is exaggerated. 

A member of the committee, Naji Al-Saeedi, according to government media, said, "The vote on the budget law in the Council of Ministers came late and violates the Financial Management Law, which stipulates that the vote should be during the middle of November.
He pointed out that "the income tax imposed on the total salary is exaggerated, especially after the dollar exchange rate reached 145 thousand dinars per 100 dollars, and that this constitutes a burden on the salaries of employees."
He pointed out that "the Finance Committee will have another opinion during the discussion of the draft budget law and during the first reading and second reading of the law and voting on it, indicating that the committee will study and restructure the general budget and does not rely on the draft sent by the Council of Ministers."
Al-Saeidy explained that "many articles can be added to the budget, including contracts, wage earners, their financial entitlements, the issue of job grades, deletion and creation."

A member of the Parliamentary Finance Committee expressed his belief that "the budget included in its paragraphs the payment of employees' salaries until the end of next year."

 
  • Upvote 1
Link to comment
Share on other sites

 
25114.jpg
 
  

 money and business


Economy News _ Baghdad

A member of the Parliamentary Finance Committee, Shirwan Mirza, confirmed, on Wednesday, that the budget will not be passed in its current form and it needs a comprehensive political agreement, and major adjustments will be made to the numbers and allocations.
Mirza said in a press interview, "The draft federal budget law for 2021, which the government approved two days ago, contains many problems."
He added, "After each budget, the parliament conducts large and massive amendments to the budget, especially the surplus numbers, and does justice to the groups affected by them before voting on them."
He pointed out that "the paragraphs related to imposing taxes on employee salaries, reducing salaries and increasing the price of the dollar will not be passed without a comprehensive political consensus, otherwise no agreement will be passed."

 
 
Number of observations 65   Date of addendum 12/23/2020
  • Upvote 1
Link to comment
Share on other sites

Editing date: 23/12/2020 15:35 • 43 read times
http://www.alliraqnews.com/uploads/news/image/medium/story_img_5fe339a3deff6.jpeg
[Baghdad-Where]
MP Kata Al-Rikabi revealed, on Wednesday, that the 2021 budget will reach Parliament this week.
Al-Rikabi said, "A number of parliament members called for an emergency session to discuss some important matters, including the high prices in the local markets, as well as questioning the Minister of Finance because of his decisions that brought the country to this stage," expecting that the 2021 budget will arrive in Parliament this week. .
The deputy continued, "The drop in oil prices happened more than once in the era of previous governments, and despite this, oil recovered and its prices rose, and the quantity exported from Iraq is a good and sufficient quantity," noting that "if the government was serious about pursuing corruption in state departments and outlets." When she needed to compensate for her shortage of employee salaries.
  • Haha 1
  • Upvote 3
Link to comment
Share on other sites

Parliamentary Finance: Parliament will make major adjustments to the budget

65465-696x435.jpg

The information / Baghdad ..
Member of the Parliamentary Finance Committee, Sherwan Mirza, confirmed, on Tuesday, that the budget will not be passed in its current form and it needs a comprehensive political agreement, and major adjustments will be made to the numbers and allocations.
Mirza said in a statement to / information / that "the draft federal budget law for 2021, which was approved by the government two days ago, contains many problems."
He added, "After each budget, the parliament conducts large and massive amendments to the budget, especially the surplus numbers, and does justice to the groups affected by them before voting on them."
He pointed out that "the paragraphs related to imposing taxes on employees' salaries, reducing salaries and increasing the price of the dollar will not be passed without a comprehensive political consensus, otherwise no agreement will be passed." End / 25D

  • Upvote 1
Link to comment
Share on other sites

 
25130.jpg
 
  
money and business
 

Economy News _ Baghdad

Deputy Ghalib Muhammad confirmed, on Thursday, that the 2021 budget has arrived in Parliament, indicating that the budget needs more than a month to make fundamental adjustments in its regard.
Muhammad said in a press interview, "The 2021 budget has reached the Finance Committee in the House of Representatives, and then it will be audited and studies its contents before sending it to the Presidency of the Council of Representatives in order to conduct a first, second and third reading, which will leave extensive discussions by the House of Representatives before reaching the final vote stage.
Muhammad added, "The resolution of the 2021 budget file will need more than a month in order to resolve all the paragraphs it includes, especially since the budget comes in an important circumstance in which Iraq suffers from a financial and economic crisis, expressing his hope that the budget will come with solutions that contribute to the stability of markets."
The cabinet approved the 2021 budget after discussions that lasted for weeks and included paragraphs that sparked widespread debate among parliamentary circles, especially raising the dollar exchange rate.

 

 

 
Number of observations 314   Date of addendum 12/24/2020
  • Thanks 2
  • Haha 1
Link to comment
Share on other sites

Leaked 2021 draft budget set to pauperise Iraqi workers and their families

 
17 hours ago
  •  
  •  
  •  
  •  
  •  

The leaking of Iraq’s federal budget has provoked widespread anger. The budget will devalue the Iraqi dinar and cut public sector salaries, amid an escalating healthcare, economic and political crisis.

Thousands took to the streets, blocking the main roads leading to oil installations and bridges in oil-rich Basra city, and the port of Umm Qasr in the south of the country, demanding unpaid wages. There were protests in several areas of Basra province by day-rate employees of the government, including in the energy sector, demanding payment of salaries they have not received in months.

This follows similar protests earlier this month demanding unpaid wages in the semi-autonomous Kurdistan Regional Government (KRG), which employs three out of four workers. Protesters in Sulimaniya burned down the regional government buildings and the offices of the two main Kurdish political parties. Protests have continued, on a smaller scale, after the KRG’s security forces cracked down viciously, leading to 10 deaths–eight protestors and two members of the security forces--scores injured, hundreds detained and journalists threatened with violence.

3ca035ce-6fc7-437e-8c88-7e9c79f0b30c?rendition=image1280
Iraqi cabinet (Source: Government of Iraq)

Prime Minister Mustafa al-Kadhimi’s government faces a catastrophic financial crisis following the collapse in oil revenues which provide more than 90 percent of its income. It has borrowed from the Central Bank to pay the public sector wage and pension bill of $5 billion a month, as income fell to $3.5 billion, depleting the country’s dollar reserves.

According to the leaked draft 2021 budget, al-Kadhimi has agreed to devalue the dinar as a means of raising government income. With oil prices denominated in dollars and the dinar pegged to the dollar, this will give the government more money to spend. The draft budget assumes a devaluation of around 23 percent, is based on an exchange rate of 1,450 dinars per dollar, compared to the current 1,182 dinars per dollar. The value of the dinar has already fallen on the street, ahead of the official devaluation, as exchange houses in Baghdad sell the dollar for 1,300 Iraqi dinars.

 

The International Monetary Fund estimated that Iraq’s economy will shrink by 11 percent in 2020. It had proposed an exchange rate of 1,600 dinars to the dollar as part of a package of economic and financial conditions for granting a loan to Iraq’s desperate government. That loan will only be forthcoming if Baghdad falls in line with Washington’s political and economic requirements—curbing the power of Iranian-backed militias and politicians and implementing economic “reforms,” including the restructuring of Iraq’s large state-owned banks, privatisations, and above all the slashing of public sector wages and benefits.

The devaluation means a huge cut in workers’ living standards as their purchasing power falls, pushing ever more into poverty, and raising fears that the dinar's value will continue to slide. As a doctor at a Covid-19 ward in Baghdad told AFP, “Our salaries will be worthless.” Day labourers and those without work face immediate destitution.

Even after the devaluation, there will be a record $40 billion budget deficit. The budget envisages expenditure of $103 billion, with just $63 billion in revenue. The government’s White Paper had sought to halve the public sector wage bill, slashing it from 25 percent of GDP to 12 percent, threatening not only workers’ jobs and wages but also the patronage system from which most of the political parties draw their funding and power. The draft budget appears to have retreated a little from this target figure, but has cut salary benefits, including danger pay, higher education degrees and expenses for high-level officials.

Nevertheless, the slashing of benefits, which can in some cases serve to double workers’ paltry wages, combined with the devaluation is a massive assault on the working class. As Ali Kadhim, 50, a teacher told Al Jazeera, “The majority of Iraq’s work force are government employees. We are the middle class, but (the government’s latest) decisions are going to make us the poorest class.” He added, “I am paying off two loans that take up a third of my salary. After these decisions I don’t know how much I am going to earn.”

In October, the United Nations Development Programme (UNDP) warned that the slump in demand and plummeting oil prices, along with the limited restrictions put in place to deal with the pandemic—Iraq has confirmed more than 585,000 cases and 12,700 deaths—would deepen inequality. At least 13 percent of Iraqis and 36 percent of young people are officially unemployed. According to ReliefWeb, around 8 percent of households (3 million people) were not getting enough to eat in September, while the World Bank’s November report estimated that up to 5.5 million of Iraq’s 39 million population were at risk of falling into poverty, meaning that more than 40 percent of Iraq’s predominantly young population—the median age is 20 years--would be living in poverty.

Iraqi children have been some of the worst affected by the trauma of war, poverty and the disastrous state of the country’s education system, once one of the best in the Arab world. Some 3.2 million school-aged children are out of school. In conflict-affected areas, almost all school-aged children are missing out on an education, leaving them vulnerable to exploitation, abuse, early marriage, child labour, and recruitment by Iraq’s numerous militias.

 

With one in every two schools damaged, many have up to 60 children in a class and operate a shift system. The number of qualified teachers has fallen at all educational levels as spending on education has declined and Iraq’s educated and professional class fled abroad following the wave of assassinations of colleagues since the US-led invasion of the country in 2003. The closure of schools earlier this year due to the pandemic affected more than 10 million children, causing a further educational decline for those who have already lost years of schooling.

The budget is likely to exacerbate tensions with Kurdistan, which is dependent upon the federal government in Baghdad for cash to pay its employees. The budget requires the KRG to contribute 250,000 barrels of oil per day in return for its budget allocation of $8.6 billion, while containing provisions for reducing or eliminating its transfers to the KRG.

Kadhimi, a former intelligence officer with close ties to Washington, became prime minister earlier this year after the previous government was brought down by mass protests that started in October 2019, against inequality, poverty, corruption and the sectarian political system. While he promised an investigation into the more than 600 protesters who were killed by the security forces during the crackdown, those responsible have not been identified or brought before the courts. He pledged to hold elections next June based on new legislation that would overturn Iraq’s sectarian political system but has been unable to secure the necessary political agreement in parliament.

Writing in Foreign Policy, Farhad Alaaldin and Kenneth Pollack warn that Iraq’s economic collapse could lead to a civil war drawing in its neighbours. If Iraq’s government continues to lose credibility, “armed groups and tribes, including the armed militias backed by Iran, would try to fill the vacuum and usurp the role of the primary security forces in Iraq.... These same groups would also fight for territory to control. They might try to take control of revenue-generating resources such as oil fields, ports, border crossings, large businesses, agricultural land, and private properties.”

Iraq, which has strong trading and commercial links with Iran, has become a key political battleground in US imperialism’s militaristic confrontation with Tehran. The Trump administration has insisted that Baghdad rein in the Iran-backed Shi’ite militias that have repeatedly fired rockets into the Green Zone, the heavily fortified area that houses the US Embassy, military forces and contractors.

In September, Secretary of State Mike Pompeo threatened to close the embassy in Baghdad as a prelude to US military attacks aimed at “liquidating” Shia militia elements charged with responsibility for attacks on US facilities. Earlier this month, the US withdrew some of its staff from the embassy in the run up to the first anniversary of the January 3 US air strike that killed Iran’s top general, Qassem Soleimani, and Abu Mahdi al-Muhandis, a prominent member of the Iraqi government and deputy commander of Iraq’s Hashd al-Shaabi, an Iran-backed umbrella militia group, in Baghdad.

 
Link to comment
Share on other sites

Parliamentary Finance issues an explanation regarding the dollar exchange rate

Parliamentary Finance issues an explanation regarding the dollar exchange rate
{Baghdad: Al Furat News} On Thursday, the Parliamentary Finance Committee issued a clarification on the exchange rate of the dollar.

The committee stated in a statement that the Euphrates News received a copy of it, that "determining the exchange rate of the dollar is a governmental matter and its exclusive authority is that it is the one who draws and implements the fiscal and monetary policy."
She pointed out that "the arrival of that price in the draft federal budget law for 2021, is to calculate the value of oil revenues and international loans, which are calculated on a dollar basis."
The committee explained, "As it is converted into the Iraqi dinar depending on the exchange rate, and that the price is mentioned in the budget, it is not intended to acknowledge or not, but to be approved in the calculation of revenues and expenditures only, as mentioned above."
Wafa Al-Fatlawi

 

Link to comment
Share on other sites

31 minutes ago, 6ly410 said:

She pointed out that "the arrival of that price in the draft federal budget law for 2021, is to calculate the value of oil revenues and international loans, which are calculated on a dollar basis."

 

So you tank your own currency so the dollar will have greater value to pay off international loans....how does this support national sovereignty and eliminating multiple currency practices?   :huh: 

  • Upvote 3
Link to comment
Share on other sites

About 2 weeks ago banks offered 7% interest on certain accounts. People don't trust the banks. They keep their money in their homes, Chunky Money. By devaluing the Dinar the citizens are forced to buy the USD now or loss purchasing power. They also have the option to get a bank account and open an account that pays 7%. Once they pull in a large amount of the Chunky Money they then RV the Dinar at a higher rate than the USD and have the people trade their USD for the Dinar. This is actually very positive sign for us. 

  • Like 2
  • Thanks 2
  • Upvote 6
  • Pow! 1
Link to comment
Share on other sites

Sounds good to me and I'll hold that thought!!!!

2 hours ago, ChuckFinley said:

Once they pull in a large amount of the Chunky Money they then RV the Dinar at a higher rate than the USD and have the people trade their USD for the Dinar. This is actually very positive sign for us. 

Thank you Chuck Finley  

  • Thanks 2
Link to comment
Share on other sites

Yes most likely again this is a currency play and they want to get as much of the dinar OFF the streets before they RV!! Another thing that helps is it allows Iraq to payoff their debts cheaper! So they will payoff all the debt they can and renegotiate debts they can’t payoff and then they will ADD value to their currency count on it!! Again I still say all this happens by Jan 6th IMO!!!

  • Thanks 2
  • Upvote 11
  • Pow! 2
Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    No registered users viewing this page.




  • Similar Content

    • By yota691
      The Iraqi President approves the federal budget for 2021
      Iraqi President Barham Salih approves the 2021 budget  April 08, 2021 2:06 PM Mubasher: The Iraqi President, Barham Salih, approved today, Thursday, the federal budget for 2021.
      The Presidency of the Republic said, in a statement, that the President of the Republic approved the financial budget, after the law reached the Presidency of the Republic from the House of Representatives after it was voted on in the Council.
      Saleh said that approval comes to secure the necessary needs of the Iraqi people, and to finance the salaries of employees and retirees and the necessary government expenditures in a way that achieves social justice for all regions of Iraq and all segments of society.
      Saleh added that approving the budget is an important step towards fulfilling the citizens' entitlement, stressing the need to adopt financial and economic reform and to support the departments concerned with implementing the budget provisions, and by concerting everyone's efforts to achieve what is hoped for in meeting the needs of citizens, supporting low-income classes, and providing job opportunities for young people.
      The President of the Republic stressed the need to support the various economic sectors in a way that contributes to supporting the goals of development and progress, indicating that approving the budget is an important step towards meeting citizens' entitlements, and strengthening the role of the departments concerned with implementing the budget’s provisions and with concerted efforts by everyone to achieve what is hoped for in meeting the needs of citizens and reconstructing the country. And take maximum measures to support low-income classes, provide job opportunities for young people, and continue the path of reform and combating corruption.
      Last Tuesday, the General Secretariat of the House of Representatives sent the Federal Budget Law for the fiscal year 2021 to the Office of the Presidency of the Republic. 
      On March 31, the Iraqi Council of Representatives voted to pass the budget for the current year 2021, after months of deliberations between the committees of parliament and the government that ultimately resulted in deleting 5 articles of the budget law, and adding new items.
    • By yota691
      Parliamentary Finance: The 2021 budget will be passed by consensus of the political blocs
       Yesterday, 18:28    503  Political Baghdad - INA - Noor Al-Zaidi
      , the Parliamentary Finance Committee confirmed, today, Monday, that the 2021 budget will be passed in agreement with all political blocs.
      A member of the committee, Naji Al-Saeedi, told the Iraqi News Agency (INA): "The vote on the budget will be at the end of this week," indicating that "the budget will not be passed without consensus."
      He added, "The budget will pass in agreement with all political blocs, including the Kurdish blocs," ruling out "voting on the budget by the majority."
      Al-Saeidy added, "If there had been a majority vote, negotiations would not have continued and the approval of the budget would have been delayed until this moment."
      Earlier, the Parliamentary Finance Committee announced the completion of all articles of the General Budget Law, and delivered a letter to the Presidency of the Council of Representatives since February 15, 2021, for the purpose of setting a date for voting on it.
    • By yota691
      Parliamentary Finance: The current budget is the two-year budget, and this is the date for approval
      Economie
      2021-02-07 | 14:30   20,990 Views   Representative of the Parliamentary Finance Committee, Jamal Cougar, said today, Sunday, that the current budget is the "two-year" budget, while indicating that the vote on the budget will take place at the beginning of next week.
      Cougar said during his speech to Alsumaria newsletter, "The current budget may be a two-year budget due to the proximity of the elections and their consequences."   Regarding the committee's meeting with Al-Kazemi, he stressed that "the government has shown its willingness to implement what the Finance Committee deems in the House of Representatives, and the need to pass the budget away from political bickering and cacophony voices that do not want to be approved."       Couger referred to "the signing of a memorandum of understanding between the two financial oversight offices in the central government and the Kurdistan Regional Government," stressing that "what was agreed upon between Baghdad and Erbil and what was included in the budget in this regard was the complete conviction of both parties."   In another context, a member of the Finance Committee affirmed that "the budget will approve the price of 42 dollars per barrel, and as long as oil prices continue to rise from the current price by about 60 dollars, there will be a cash surplus, and a supplementary budget is prepared for it."     According to Cougar, "The Finance Committee asked Al-Kazemi, before going towards the vote, to hold a session that includes the Presidency of the Council of Representatives, the Prime Minister, the concerned ministers and heads of political blocs, to agree on the instructions for implementing the budget in order to avoid falling into the mistakes that we made during the previous budget." Voting on the budget at the beginning of next week. "
    • By yota691
      Parliamentary Finance officially receives the budget and announces the date of the parliament session
       Time: 01/06/2021 15:06:36    Read: 3,055 times    {Baghdad: Al Furat News} The Parliamentary Finance Committee announced today, Wednesday, that it has formally received the draft federal budget bill for 2021. A member of the committee, Jamal Cougar, said in a press statement, "The committee has officially received a copy of the draft federal budget law for the current year 2021, from the Presidency of the House of Representatives."
      He added that "the House of Representatives will hold a session next Saturday to conduct the first reading of the budget bill," indicating that "the committee will make its observations on the draft budget law after the first reading."
      Cougar stressed, "The House of Representatives will not hold a session tomorrow, Thursday, to hold the first reading of the draft federal budget bill."
      And the media had reported news that the House of Representatives would hold a session tomorrow, Thursday, to hold the first reading of the draft federal budget bill for the current year 2021.
      It is noteworthy that the Speaker of Parliament, Muhammad al-Halbousi, announced on the 29th of last month the arrival of the government's 2021 fiscal budget bill and the extension of the current legislative term for one month, in order to complete many important legislations for the coming period, including the budget.
      His deputy, Bashir Al-Haddad, confirmed that "the legislative procedures to complete the federal budget law may take 20-30 days, and that the parliament will begin the first reading of the bill in early January." 
      "Serious and intense discussions will take place towards reducing unnecessary expenditures in the budget law, and reducing the deficit ratio for the benefit of the middle classes, the poor and those with low incomes," he added. 
      Ammar Al-Masoudi
  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

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