The President of the Iraqi Parliament announces the arrival of the 2021 budget and decides to extend the legislative term by one month

[horsesoldier]

The date = Next Week. Good to see they nailed the date down. “ in the coming days “ it’s all good....uh, I think.

[Half Crazy Runner]

10 minutes ago, horsesoldier said:

The date = Next Week. Good to see they nailed the date down. “ in the coming days “ it’s all good....uh, I think.

I’ll take it. 😎🥳👍🏻

[yota691]

POSTED ON 2020-12-31 BY SOTALIRAQ
Determine the powers of Parliament to amend the 2021 budget and a possible government option

The financial expert, Mazhar Muhammad Salih, set out, on Wednesday ( 12-30-2020 ), the powers of the House of Representatives to make amendments to the general budget for 2021, while indicating that the government may resort to the Federal Court in one case.

Salih said in a statement that "Parliament can propose its amendments to the general budget for the next year towards reducing expenditures or maintaining the spending ceiling proposed by the government in the draft bill itself and not to create an increase in expenditures above the proposed ceiling and then increase the deficit again.

He added, "The correct context is in the event that substantial amendments are proposed that affect the financial position of the state. The draft law, along with the proposals of Parliament, will be returned to the government to make the amendment, so that the government votes on the amendment again and sends it to the House of Representatives again."

Saleh pointed out that, “Otherwise, if substantial changes take place in the budget by the House of Representatives in a manner that bears the government the burden of managing a new financial situation or causes financial exhaustion when legislating it, the government may resort to the Federal Court when absolutely necessary, requesting the annulment of the additions and amendments that it has made. The legislative authority without the will and ability of the executive authority, and this is what actually happened in previous years, and the Federal Court nullified many cases.

The financial expert continued, "I hope that the federal budget for 2021 will be passed smoothly for the benefit of Iraq and prosperity, and this is what I expect."

A member of the Parliamentary Services Committee, Beeston Zangana, revealed, on Wednesday (December 30, 2020), a parliamentary tendency not to pass the tax deduction and reduce the salaries of employees in the 2021 budget.

Zangana said in an interview that "the general tendency of the members of the Council after the arrival of the 2021 budget is not to make any tax deduction or reduce the salaries of employees in any way."

He added, "The general parliamentary trend towards the salaries of simple employees comes due to the large increase in prices in the Iraqi market, which negatively affected the shoulders of citizens of all segments, especially after raising the dollar exchange rate."

Zangana pointed out that "there is no problem in applying tax deduction and reducing salaries for the three presidencies, especially special ranks and general managers, according to a gradual principle that takes into account the size of their salaries."

He stressed that "the council will discuss in detail the budget and will have determinants that support the situation of simple employees, which is not to prejudice their salaries or financial allocations, and come out with an appropriate formula that supports all poor segments in the country."

Yesterday, Tuesday, the House of Representatives announced the arrival of the 2021 budget to Parliament by the government, while the Speaker announced the extension of the current legislative term for one month.

The 2021 budget included imposing a tax on the salaries of the three presidencies, special ranks and employees, which included deductions from allocations, transportation, hospitality, disconnected, and university service.

[DWS112]

A deputy sets the date for approving the budget and calls for it to be approved immediately without government objections

Jan 1, 2021

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The head of the Parliamentary Agriculture, Water and Marshes Committee, the representative of the Saeron Alliance, Salam Al-Shammari, set Friday a likely date for approving the 2021 budget within the House of Representatives, while calling for ratification as soon as it is approved without government objections.

Al-Shammari said, in a statement, that "all the political blocs are bent on approving a budget that meets the needs of the people without deducting percentages from the salaries of lower grades."

He added, "The approval of the budget will not be delayed for long and will be approved during the current month or early next month at most."

He stressed, "the importance of ratifying it as soon as its law is approved and without any governmental objections," noting that "Parliament will legislate the budget according to the requirements of the reality of the country and its people."

Edited January 1, 2021 by DWS112

[yota691]

In numbers ... important details of the budget and a warning of "dangerous economic aspects"

•  Time: 01/2021 18:46:04
•  
•  Read: 6,032 times

  

{Baghdad: Al Furat News} The economic advisor to the prime minister, Mazhar Muhammad Salih, revealed important details and information about the fiscal budget bill for 2021, which Parliament received last Tuesday.

Saleh said in a lengthy article on the economic situation and the budget: “The contractionary financial conditions in Iraq have led to dangerous economic manifestations, as the contraction in demand or government spending in 2020 led to a widening of the national income gap and a drop in growth by about 11% from its rates, accompanied by an increase in unemployment levels. Less than 25% of the Iraqi workforce, as well as increasing poverty rates among the population, which exceeded 30% of the country's families.
He added, "At a time when advocates of financial thought see that the manifestations of deflation, financial faltering, and the resort to (almost compulsory) austerity will continue to cause the increase in debt and deficit in an expansionary financial rescue package required by subsequent financial years."
Saleh pointed out that "this is what the Iraqi public finances faced in the two years 2020-2021 as the draft federal budget for the year 2021 indicates that the total deficit planned in it will rise to approximately 71 trillion dinars, and the aforementioned deficit will constitute no less than 42% of total spending in it and the proportion Not less than 28% of the current GDP. "
To view the text of the article .. Click here

[yota691]

Saturday 2 January 2021 | 04:07 pm

| Views: 61

Tomorrow ... Parliamentary committees will resume their meetings to discuss the 2021 budget

 

The Parliamentary Energy Committee announced, on Saturday, that the parliamentary committees will resume their meetings tomorrow, Sunday, to discuss the draft budget, indicating that it will include the mine file that stuck to the ship as part of its discussion schedule at tomorrow's meeting .

A member of the Parliamentary Energy Committee, Zahra Al-Bajari, said, "The parliament session will be held next Tuesday or Thursday to discuss the 2021 draft budget ."

She added that "the parliamentary committees will resume holding their meetings as of tomorrow, Sunday," noting that "the main file of the committees will discuss the draft budget before presenting it in the Tuesday session ."

Al-Bajari explained that "the Energy Committee will include the mine file that stuck to one of the Iraqi ships in its discussion agenda at tomorrow's meeting, as it is a serious challenge to the work of the ports."

[yota691]

Al-Tamimi: The House of Representatives seeks to amend the Retirement Law 26 of 2019 and redress those covered by it

 

Parliament. "Internet"

money and business Economy News - Baghdad Deputy Magda Al-Tamimi confirmed, on Saturday, that the House of Representatives is seeking to amend the Retirement Law 26 of 2019 and treat those referred to retirement below 63 years old, or as they are called forced retirees. Al-Tamimi said, "The amendment of the Retirement Law 26 of 2019 was voted on suddenly and without consideration, which led to the referral of four newborns once to retirement without planning, within one week of the beginning of the year 2020, and this is not correct," according to the official news agency. ". She explained that "this law was enacted in a hurry without studying the implications of the forced retiree (who was referred to retirement before reaching the age of 63 years) because he knows that after three years he will be referred to retirement. Therefore, upon applying the new law, they are particularly affected by those who pay installments of advances and loans." She added, "I submitted an amendment to this amendment 26 of 2019 since the third month of 2020 and we went a long way and collected the signatures of 198 deputies and submitted it to the Presidency of the House of Representatives and was presented to the Parliamentary Finance Committee and then sent a letter to the government about it," confirming that "I spoke to the Secretary-General of the Council The ministers and the Speaker of Parliament in order to overcome this issue, as it was agreed to put some paragraphs in the budget as a law to do justice to forced retirees, reduce the percentage of referrals, and return to the age of 63 years as a specific age for retirement. Al-Tamimi added, "The House of Representatives is trying to implement this matter and we are still working on finding options that will be put in the amendment in the budget law," noting that "a delegation of retired representatives will soon meet with the Speaker of Parliament and the Chairman of the Parliamentary Finance Committee to discuss ways to address the damages caused by the amendment of the law." the retirement".

Number of observations 197   Date added 01/01/2021

[yota691]

Cougar: The 2021 budget numbers are very exaggerated and have twice as much expenditures last year

•  Time: 01/03/2021 11:49:36
•  
•  Read: 2,587 times

  

{Baghdad: Al Furat News} A member of the Parliamentary Finance Committee, Jamal Cougar, criticized the "exaggerated" figures in the draft fiscal budget for 2021.

"This year's budget is the highest in the history of modern Iraq, in dinars, but in dollars it is less than 2020," Cougar told Al-Furat News.
He added, "In the budget, very exaggerated numbers," noting that "the general amount spent in the past year was 72 trillion dinars, while the current budget only in the 2021 budget is more than 163 trillion dinars, meaning twice this amount and more."
It is noteworthy that the House of Representatives received, last week, the draft fiscal budget bill for 2021.
The budget sparked several parliamentary and popular criticisms of what it included in the deduction of salaries and the absence of appointments amid expectations of approval this month.
Parliament extended its current legislative term for a period of one month, in order to "complete many important legislations for the coming period, including the budget."
The Presidency of the Council of Representatives 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." 
She added, "There will be serious and intense discussions 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." 
Ammar Al-Masoudi

[6ly410]

ERBIL - The Iraqi parliament is expected to convene on the 2021 Budget Bill next week, a lawmaker revealed on Sunday.

"The Iraqi Council of Representatives is expected to convene next week to discuss the budget bill, after which, the first and second readings will be conducted within four days, and then other details will be completed within one month and it will be approved," Kurdish MP Sherwan Mirza explained to BasNews.

He further pointed out that the budget for the year 2021 stands at 164 trillion dinars, adding that the price of oil for per barrel is set at $42, and reminding that Iraq's budget deficit stands at 71 trillion dinars.

Concerning the Kurdistan Region's share from the federal budget, Mirza said that Erbil's share has been secured in the bill, but that passing it in the parliament might face difficulties

[yota691]

Economist: Government sponsorship of factories will provide a budget for the distribution of oil money

 

 

- 01-03-2021 03:26 PM - Readings: 28131

 

Economic expert Mahmoud Alloush confirmed, on Sunday, that the plan to support the private sector, especially the government industry, will save huge sums if the conditions for its success are provided, indicating that the industry's profits will be equivalent to the value of selling oil.

Alloush said in a statement to "Tigris", "Supporting the industrial sector by the government during the current budget will provide great job opportunities for young people, as well as providing huge sums and hard currency to buy goods from abroad."

He added that "activating the plan and supporting the private sector will enable Iraq to reduce its dependence on oil by half the percentage in the coming years," explaining that "the oil industry, oil refining, medicines and food products, if available locally, the local market will be in excellent condition."


She added, through her spokesman, Mortada Al-Safi, in a statement to "Dijla", that Minister of Industry Manhal Al-Khabbaz developed an ambitious plan of three short-term, medium and long-term phases, and many achievements were made during the industrial plan during the past six months, and that the ministry succeeded with factory funds without allocating a ministry. The financial plan included the rehabilitation of 12 factories within six months, while the plan included the restoration of 18 factories within one year, indicating that these factories are distributed in most governorates and attracted hundreds of unemployed and local expertise.

[yota691]

Parliamentary Committee: Questioning the Minister of Finance and the Governor of the Central Bank has become an urgent necessity

Editing date: 01/2/2021 13:46 • 133 read times

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[Baghdad-Where]
The Parliamentary Finance Committee warned, on Saturday, of a future economic disaster in the country, in the event that the Minister of Finance and the Governor of the Central Bank remain in their posts, confirming that their questioning in Parliament has become a popular and political demand.

A member of the committee, MP Thamer Theban Al-Hamdani, stated in a press statement. "The questioning of the Minister of Finance and the Governor of the Central Bank has become a popular and political demand, due to the continuous failures in managing the financial crisis."
He added, "The next sessions of Parliament will witness the questioning of Finance Minister Ali Abdul Amir Allawi, as a first reform step for the work of state institutions."
Al-Hamdani pointed out, "The choice of the Minister of Finance and the Governor of the Central Bank was a wrong decision from the beginning, and it must be addressed before the situation deteriorates further."

[yota691]

Parliamentary Finance: No deduction in January salaries

Tuesday 05 January 2021 31

 

  Baghdad: Shaima Rasheed 

 

The Parliamentary Finance Committee denied the existence of a deduction in the salaries of employees for the month of January, indicating that the salaries will be distributed according to the 1/12 mechanism.

Committee member Jamal Cougar told «Al-Sabah»: «The government has no right in any way to apply the deductions that it has set in the 2021 budget except after it has been approved by Parliament.

He added that «January salaries will be distributed according to the 12/1 mechanism, as happened in the salaries of the past months until the budget is approved», indicating that «the Finance Committee as soon as it receives the budget will intensify its meetings until 

Approved ».

He pointed out that «Parliament will enter its legislative recess next month, but it may go towards an emergency session to approve the budget», noting that «the committee needs 20 days To complete it ».

Cougar stressed that "many of the budget items and figures will be changed with the knowledge of the government to avoid appealing to the judiciary."

[yota691]

Cougar: Three Options for Imposing Income Tax on Employee Payroll

 

Cougar beauty

money and business Economy News - Baghdad A member of the Finance Committee, Jamal Cougar, revealed that the House of Representatives will conduct the first reading of the draft federal budget bill for the year 2021, and that there are three options for imposing an income tax on employee salaries. Cougar said, in a statement reported by Rudaw and seen by Al-Iqtisad News, that the Iraqi parliament will resume its sessions next week, and the first reading of the draft federal budget bill for 2021 is scheduled to take place, after all MPs received a copy of the draft Law". And on imposing an "income tax on employee salaries" in the 2021 budget, he pointed out that "there are three options for imposing an income tax on employees' salaries." Cougar explained that "the first option is to approve what was stated in the budget bill presented by the federal government to the House of Representatives, and the second is to refuse to impose this tax as happened with the salaries of retirees, and the third is to amend the amount and percentage of the tax." The draft Iraqi federal budget law for 2021, which was approved by the Iraqi Federal Council of Ministers on (December 21, 2020) and submitted to the House of Representatives, imposes income tax on the salaries of all salary recipients in Iraq, excluding those whose total monthly income is 500 thousand dinars or Less. 10% is deducted from everyone whose monthly income ranges between 500 thousand and one million dinars (but the first 500 thousand are not taxed) and it is imposed by 20% on those who earn a salary of between one million and one and a half million Iraqi dinars and 30% for everything that exceeds 1.5 million dinars . This tax includes civilian and military retirees, at the same rates. It also imposes a flat 10% tax on retirement benefits and end of service benefits.

Number of observations 1104   Date added 01/04/2021

[yota691]

MP excludes rejecting the 2021 budget: We pass it so as not to create economic chaos

 

Parliament. "Internet"

money and business Economy News - Baghdad Member of Parliament, Hassan Khati, was enslaved by the parliament returning the budget bill to the federal government during the coming period. The House of Representatives intends to discuss the provisions of the 2021 budget next week after each deputy receives a copy of the bill. Khatti said in a televised statement followed by "Al-Eqtisad News", that he ruled out the House of Representatives returning the 2021 budget bill to the government, because the parliament "is keen not to create financial chaos," as he put it. He added, "Failure to pass the budget contributes to creating economic chaos similar to what happened in 2014." He stressed that "the House of Representatives urged the current government to send the 2020 budget at the beginning of its assumption of power, but it adopted the principle of 1/12 in the disbursement of operational expenditures and internal and external borrowing." He revealed that it is not possible to adopt the 1/12 method in disbursing operating expenses during the year 2021 because there is no budget for the previous year.

Number of observations 96   Date added 01/05/2021

[yota691]

Parliamentary Finance announces the date of the first reading of the Budget Law in Parliament

•  Time: 01/05/2021 16:32:14
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•  Read: 4,823 times

  

{Baghdad: Al Furat News} The Parliamentary Finance Committee announced, on Tuesday, the date of the first reading of the General Budget Law in the House of Representatives.

A member of the Parliamentary Finance Committee, Ahmad Al-Hajj, told {Al-Furat News} that "it is hoped that the House of Representatives will present the general budget for 2021 to the first reading next Saturday," noting that "the law is still in the presidency and it has not been presented or viewed before." Parliamentary Financial Commission.

He added, "The talk about deductions in the salaries of employees is not clear because the budget has not yet been presented," stressing that "after the first reading, the law is referred to the Finance Committee, with the participation of the Parliament and the legal committees, as they are both supported."

Regarding the budget’s inclusion of cuts in the salaries of employees, he said, "The committee did not look at the budget items, and that it has a position after reviewing it."

Raghad Daham

 

[yota691]

"Important laws" on the Parliament table

Wednesday 06 January 2021 59

 

  Baghdad: Muhannad Abdul-Wahhab

 

The Parliamentary Services Committee identified a list of the priorities of the laws required by the current stage, most notably the slum law and the distribution of residential lands, roads and bridges.

A member of the committee, Alaa Sukkar, told Al-Sabah that “with the beginning of the new year and the start of the House of Representatives sessions, the Services Committee will re-evaluate the laws and will be among its classifications that provide service to society, taking into account the degree of political consensus on them and the amendments that can be made to be ready for approval.”

He added that «the committee will include among its priorities the list of laws that have passed the second reading and are prepared for the final vote on them, most notably the slum law and residential lands and the law of roads and bridges. A member of the Parliamentary Services Committee pointed out that "the committee is working on drawing up a list of delayed projects according to the degree of achievement and will be within their periodic follow-up and oversight, while calling on the government to" suspend work on all projects that do not have a well-studied economic feasibility. "

[gregp]

Sounds like a huge production is being pieced together for a 1/12 showing.  

[yota691]

Parliamentary Finance accuses Al-Kazemi of illegally paying the region $ 40 billion

17:01 - 01/05/2021

 

  

Information / Special ...

The Parliamentary Finance Committee revealed, on Tuesday, that Al-Kazemi seeks to include in the 2021 budget the debts of the Kurdistan region to foreign companies and loans that he took illegally, amounting to 40 billion dollars at the expense of other portfolios.

A member of the Finance Committee, Abdul Hadi Mohan, told / Al-Maalouma / that “Prime Minister Mustafa Al-Kazemi seeks to include the 2021 budget of mined paragraphs that destroy Iraq and deprive the central and southern governorates in exchange for concessions for the region.”

He added, "Among those paragraphs is the government bearing the Kurdistan region’s debts to foreign companies and the loans that they borrowed illegally without the central government’s knowledge, repaying them on their behalf and including them in the 2021 budget."

Mohan explained that "including it in the budget and bearing it by the center means depriving the center and the south of their rights so that the money can go to pay off the region's debts," noting that "it is impossible and the dream is that such paragraphs pass in the 2021 budget."

[yota691]

Parliamentary Finance: A set of factors that will determine the time period for voting on the budget

09:23 - 05/01/2021

 

  

 

Information / private

The Parliamentary Finance Committee indicated that there are a set of factors that will determine the time period needed by Parliament in order to vote on the 2021 budget.

Committee member Jamal Cougar said to / the information /, that "there are a set of factors that determine the time period needed by Parliament in order to vote on the budget after the government sent it to the Council.

He added that "the factors that delay and accelerate the vote on the budget are the accuracy of the numbers contained in the text of the budget, as well as the fair distribution of imports between the provinces and the region, as well as the sessions of the Finance Committee with everyone who has sums in this budget."

And that, "Parliament, and in the event that it has the powers to make the reduction and transfers, then any transfers from one ministry to another should be after talking with those authorities, and therefore the reduction of amounts and transfers requires sessions with the relevant authorities that put the numbers in the budget texts." 25 n

[yota691]

 

Documents .. 5 questions to the Minister of Finance during his interrogation in Parliament

 

•  

 2021-01-05 15:01

 

Shafaq News / The Iraqi Parliament sent a letter to the Ministry of Finance to question its Minister, Ali Allawi, according to a request submitted by Representative Yousef Al-Kalabi.

 

Allawi will be questioned later in January.

 

Shafaq News Agency will publish the text of the questions that Al-Kalabi will pose to Minister Allawi during the interrogation session.

 

 

 

 

 

[yota691]

Parliamentary Finance: The budget will be discussed in the first parliamentary session

 

January 6, 2021

And brother of Baghdad

 

The Parliamentary Finance Committee expected that the first reading of the draft general budget for 2021 will be included in the next parliament session, which is expected to be held next Saturday.

 

The committee's reporter, Ahmed Al-Saffar, said in a statement to the official agency: “It is expected that the parliament session will be held next Saturday and the first reading of the budget draft will be included,” indicating that “the Finance Committee will receive the project and start discussing its articles and presenting an alternative proposal or confirmation for each article.”

 

He explained, “After the discussion of the articles of the project is completed, it is submitted to the Presidency of Parliament and a special session is set to approve the budget law, where the original article submitted by the government and the alternative presented by the committee are presented to Parliament and the vote is in detail each article until the vote on the law is completed in full. Pointing out that "the whole process takes about a month, noting the efforts of Parliament to approve the budget, as the current period is sensitive and requires exceptional efforts."

 

On the other hand, Al-Saffar revealed, "the committee's intention to host ministers, governors and heads of bodies to ensure the size of the allocations before submitting the project to the Presidency of the Council of Representatives."

[yota691]

Representative law clarifies the reasons for extending the legislative term
 01/07/2021
 
 4629
Baghdad / Al-Mawred News
 

Today, Thursday, the Parliamentary Legal Committee confirmed that the extension of the legislative term was in accordance with a constitutional text to consider the budget law and other legislation.

A member of the committee, MP Hussein Al-Oqabi, said, according to the official agency, that "the extension of the legislative term is linked to two matters, sometimes it is a legal extension, which is a binding and obligatory extension, which is the extension of the chapter in which the budget is presented until its completion and approval, and at other times the extension is optional based on the approval of the Presidency of Parliament." Or at the request of a number of members of Parliament and with the approval of the Presidency of the Council.

Al-Oqabi added, "The current extension of the Council's work was based on the constitutional text for a period of one month, as it will consider budget work and other legislation."