A parliamentary session today for a first reading of the 2021 draft budget

[yota691]

A parliamentary session today for a first reading of the 2021 draft budget

 

Parliament. "Internet"

money and business Economy News - Baghdad The Iraqi Parliament will devote its parliamentary session today, Saturday, to the first reading of the 2021 budget. "The parliamentary session will be held at 5:00 pm today, and it will consist of one paragraph, which is the first reading of the 2021 draft budget." The Media Department of the House of Representatives also published a document that includes the agenda of the parliament session for today, and it is allocated according to the document for the first reading of the draft general budget law. In turn, a member of the Finance Committee in the Iraqi Parliament, Sherwan Mirza, said that "until now no political bloc has rejected the 2021 budget bill, but some have comments on it," noting that "72 hours after the first reading, the parliament can conduct the second reading." ". The draft general budget bill for 2021 recently reached the Iraqi Council of Representatives, after a vote on it by the Council of Ministers last week. The spokesman for the Iraqi Council of Ministers, Hassan Nazim, confirmed earlier that the salaries of employees will not be delayed in the coming months, indicating that the budget was built on a reform vision provided by the Ministry of Finance, and will work to revitalize the private sector. On December 21, the Iraqi Council of Ministers voted on the 2021 budget bill in an extraordinary session held under the chairmanship of Prime Minister Mustafa Al-Kazemi. According to the leaked draft of the federal budget law for 2021, it included a deficit of more than 58 trillion dinars, and the estimated revenues from the export of crude oil were calculated on the basis of the price of 42 dollars per barrel, and the rate of exporting 3 million and 250 thousand barrels per day.

Number of observations 87   Date added 01/09/2021

[8th ID]

Good morning @yota691! Thanks again for your hard work in bringing these articles! I thought they already had one reading.

[yota691]

Absence of justice and reform .. Cougar reveals to {Al Furat News} the most prominent observations on the 2021 budget

•  Time: 01/09/2021 13:25:53
•  
•  Read: 2,652 times

  

{Baghdad: Al Furat News} A member of the Parliamentary Finance Committee, Jamal Cougar, revealed, on Saturday, the most prominent notes on the 2021 budget.

In an interview with the Euphrates News Agency, Cougar said that there are several observations on the 2021 budget bill, the most prominent of which is the lack of fairness in the distribution between the provinces, and the lack of a reform imprint with regard to the ministries and the distribution of resources to them.
He added that "reforms are absent in the budget except for the deductions and these." They are not called reforms, and what is found in terms of reforms in this budget are taxes and deductions. ”
He indicated that“ there are no clauses in the budget for fighting corruption and no clauses about smuggled money and alien money and dealing with these points, ”stressing that“ even the reforms in it do not include timings, as an example of that. Automating border crossings and
multiple salaries, no timing has been set. He explained that "among the important notes are the exaggerated numbers in the budget," stressing that "It is unreasonable in 2020 that an actual 72 trillion will be spent, and the new budget comes in at 164 trillion, which means twice the budget of the previous year + 20 trillion.
It is noteworthy that the House of Representatives will hold its session today, Saturday, to discuss the draft federal budget law for the current year 2021.
Ali Al-Rabaei

[yota691]

Parliamentary Finance holds a meeting to discuss the 2021 Budget Law

•  Time: 01/09/2021 16:25:57
•  
•  Read: 416 times

  

{Baghdad: Al Furat News} The Parliamentary Finance Committee will hold a meeting, on Saturday, to discuss the budget law for 2021.

A representative source said {for the Euphrates News} that "the Finance Committee is currently holding a meeting to discuss the Federal Budget Law for 2021."
 

[wciappetta]

Deputy: Parliament will present the budget for the first reading tomorrow

14:37 - 09/01/2021

  

Information/ Special...

House of Representatives Member Yonadam Kana confirmed Saturday that the House of Representatives will introduce the 2021 federal budget bill for first reading on Sunday.

"The house's agenda for tomorrow will not include any laws other than budget debate," Kana said.

"The House of Representatives will introduce the budget bill for the first reading on Sunday," he said.

The parliamentary finance committee said Wednesday that the government's talk of a 2021 federal budget bill was a "critical" reform. Ended 25 T

[yota691]

The House of Representatives postpones its meeting for half an hour

•  Time: 01/09/2021 17:37:56
•  
•  Read: 1,378 times

  

{Baghdad: Al Furat News} The House of Representatives decided to postpone its session for the first reading of the General Budget Law for 2021, to be held at exactly five o'clock today, Saturday.

A representative source said {for the Euphrates News} about "postponing the parliamentary session by half an hour until the Parliamentary Finance Committee finishes its meeting dedicated to discussing the 2021 budget before presenting it to the first reading inside the parliament room."
Wafa Al-Fatlawi  

[yota691]

Parliamentary planning launches 13 points of clarification to reduce spending in the budget

•  Time: 01/09/2021 18:46:17
•  
•  Read: 1,079 times

  

{Baghdad: Al Furat News} The Chairman of the Committee to Monitor the Implementation of the Governmental Program and Parliamentary Strategic Planning, Hazem Majeed Al-Khalidi, released 13 illustrative points to reduce spending in the federal budget for 2021.

Al-Khalidi said in a statement that Al-Furat News received a copy of, "We renew our demands to reduce the exaggerated estimates of the 2021 budget spending, especially since the closest year to 2020 did not exceed the actual total spending of more than (72) trillion dinars, and we explain the justifications for our demand with the facts below:
1 - In the Deficit Financing Law, the government submitted a request for an amount of (41) trillion dinars for a period of four months only, but the real need did not exceed (12) trillion dinars for the same period.
2- The government submitted the draft budget for 2020 to the House of Representatives in the ninth month of the same year and requested an amount of (148) trillion dinars, although the Ministry of Finance stated in an official letter that the total actual spending for the eight months of 2020 was (46) trillion dinars If eight months require spending (46) trillion dinars only, then this means that the remaining amount requested by the government, amounting to 102 trillion, is intended to be spent in only four months, so how can he ask to spend money in a third of a year equivalent to more than twice the amount spent in Two-thirds of the same year (2020).
3- Current expenditures for the year 2020 in the eight months up to 9/1/2020 amounted to (44.8) trillion - forty-four trillion and eight hundred billion dinars), while the 2021 budget proposes current expenditures at the amount of (120) trillion dinars - one hundred and twenty trillion dinars).
4- The actual expenditures of goods and services during the year (2020) (1.93) trillion dinars (one trillion nine hundred billion dinars), while the 2021 budget proposes (19.5) trillion dinars - nineteen trillion dinars and five hundred billion dinars).
5- Asset maintenance expenditures during the eight months of 2020 amounted to (89) billion dinars (eighty-nine billion dinars), while the 2021 budget proposes (578) billion dinars - five hundred seventy-eight billion dinars).  
6- Actual expenditures for special programs in the eight months of 2020 amounted to (51) billion dinars (fifty-one billion dinars), while the 2021 budget proposes an amount of (1.1) trillion dinars - one trillion and one hundred billion dinars).
7- Actual capital expenditures for the eight months of the year 2020 amounted to (52) billion dinars (fifty-two billion dinars), while the 2021 budget proposes an amount (638 billion dinars - 
Six hundred thirty-eight billion dinars).
- The actual expenditures for the title (grants, subsidies, interest and other expenses) for the eight months of the year 2020 amounted to (7.3) trillion (seven trillion and three hundred billion dinars). The schedule of the Deficit Financing Law for the remaining four months of the year 2020 does not include adding amounts to this address, while it suggests 2021 budget for the same address amount (18.5 trillion dinars - eighteen trillion five hundred billion dinars).
9- The actual spending of investment expenditures for the year 2020 (3.1) trillion dinars - three trillion and one hundred billion dinars), while the budget for 2021 is proposed (27 trillion dinars - twenty-seven trillion dinars). 
10- The budget articles refer to the calculation of the Kurdistan region’s dues for previous years from the total actual spending that the financial control accounts show within the budget laws allocations for the years (2014-2.19) despite the regional government’s failure to deliver any oil or non-oil revenues to the public treasury. .
11- The budget obliges the region to deliver (250) thousand barrels of crude oil per day at the price of marketing the exported oil from 
SOMO, meaning that this text permits the region to sell oil directly and is obligated to deliver its value. This is a clear constitutional violation and the other violation is that the same article allows the region to dispose of what has exceeded Its production even if it reaches (500) thousand barrels, as the same article stipulates (the quantities exceeding that are used to cover domestic consumption in the region and the costs of production, operation and transportation) and this is an implicit acknowledgment of the legality of the partnership contracts that the region concluded with foreign companies without the approval of the federal authority !!
12- The budget obliges the Ministry of Finance to bear the region’s loans and financial obligations during the years (2014-2019) in the form of annual payments, and among these loans are the dues of foreign companies operating in the region, 
contrary to the constitution.
13- We demand the necessity of canceling the provisions of the budget for the deduction of salaries of employees and imposing tax on them while retaining the deduction of the salaries of the three presidencies, ministers, deputies, and higher and special ranks.
Wafa Al-Fatlawi

[yota691]

 

Parliamentary Finance discusses the "big" deficit in the 2021 budget

 

•  

 2021-01-09 10:33

 

Shafaq News / On Saturday, the Parliamentary Finance Committee discussed the draft budget for 2021 and its "large" deficit, before submitting it to Parliament for discussion.

 

This came during a committee meeting headed by Haitham Al-Jubouri, head of the committee, according to a statement received by Shafaq News.

 

During the meeting held at its headquarters, the committee identified a number of basic points in the paragraphs of the budget law, the most important of which is "the large deficit ratio and the deductions imposed on employees' salaries and the size of the financial allocations to the provinces."

 

She pointed out, "the importance of addressing the large budget deficit, taking into account the situation of the Corona pandemic and not completely relying on current oil prices as they are subject to change, as well as taking into account the ratios of financial allocations to the provinces, taking into account the degree of deprivation for each governorate." 

 

The Iraqi government approved the draft of the draft last month and sent it to Parliament for discussion and approval in the coming weeks. 

 

According to the draft seen by Shafaq News, the budget is 164 trillion dinars, with a fiscal deficit of 71 trillion.

 

The budget was based on an estimated price of $ 42 per barrel of oil and an export rate of 3.250 million barrels per day, including 250 thousand barrels from the fields of the Kurdistan Region.

[yota691]

Parliament begins the first reading of the 2021 budget bill

•  Time: 01/09/2021 19:26:34
•  
•  Read: 767 times

  

{Baghdad: Al Furat News} The House of Representatives announced the beginning of the first reading of the draft Federal Budget Law of the Republic of Iraq for the fiscal year 2021.

[yota691]

Parliament begins the first reading of the 2021 budget bill

Political| 07:25 - 01/09/2021

 

 

 

 

Special - Mawazine News
The House of Representatives began, on Saturday, the first reading of the draft federal budget bill for the fiscal year 2021.
A parliamentary source said to / Mawazine News /, that "the House of Representatives has started the first reading of the draft Federal Budget Law of the Republic of Iraq for the fiscal year 2021."
On Saturday, the House of Representatives held the first session of reading the Federal Budget Law for 2021, its 33rd session, from the fourth parliamentary session, the third legislative year, the first legislative term.

[yota691]

Representative Economy: The expected revenues of mobile phone licenses in the 2021 budget are suspicious!

Political| 07:46 - 01/09/2021

 

 

 

 

BAGHDAD - Mawazine News
, a member of the Parliamentary Economic Committee, Mazen Al-Faili, confirmed, Saturday, that the expected revenues for mobile phone licenses in the 2021 budget are "dubious", despite the privilege of operating the fourth generation service.
A member of the committee, Mazen Al-Faily, said in a statement that Mawazine News received a copy of, that "the revenue figures collected in favor of the state from the Media and Communications Authority for granting licenses to mobile phone companies for previous years compared to the expected revenues in the 2021 budget reveal a suspicious discrepancy that calls us to review Seriousness of it because it is an important financial resource for the state. "
Al-Faily added: "Below is a comparison of three previous years that reveals this disparity:
A- in 2017 (887) billion dinars,
b- year 2018 (543) billion dinars,
c- year 2019 (487) billion dinars,
d- estimates for 2021 (1). 08) one trillion dinars.
He continued: "And we have to put the following notes in light of these numbers:
1- When comparing the revenues achieved for the year 2017, we find that they constitute 86% ؜ of the total annual revenues (2018-2019) and this is strange, as with the passage of time and the progress of years the number of subscribers increases in The service and the profits of these companies increase, and accordingly, the state’s revenues from tax and the percentage of its profits are supposed to increase, so how did this decrease in the communications commission’s revenues from those contracts in subsequent years.
2- The same note on 2021 estimates, the estimates do not exceed 2017 by more than 195 billion dinars only During the year, despite the fact that these companies acquired the privilege and profits of operating the 4G service and the privilege of extending their contracts (a matter of legal controversy over their validity) for five years, not to mention the increasing number of subscribers in addition to collecting debts and fines owed by them.
He asked: “Where are promises to maximize non-oil revenues, combat waste of public money and prevent the waste of national wealth?! Was this resource in the event that all its revenues were collected to the public treasury was not sufficient to avoid economic decisions that harm the poor and vulnerable classes, such as a decision to raise the dollar exchange rate and impose taxes on the employee who ranges from His salary ranges between six hundred thousand and one million dinars ??. Ended 29/6 n

[yota691]

Parliamentary bloc on the 2021 budget: Opens a legitimate door for corruption

Political| 08:03 - 01/09/2021

 

 

 

 

Baghdad - Mawazine News
The National Approach bloc confirmed, on Saturday, that the draft federal budget law for the current fiscal year 2021 opens a legitimate door for corruption by granting the right to ministries to sell their owned assets.
A member of the bloc, Jamal al-Muhammadawi, said in a statement that Mawazine News received a copy of: “We mark a set of observations that were included in the draft Federal Budget Law for the year 2021 regarding state-owned assets, as the draft law included dangerous articles that would grant the current government the right to act. On those principles, including:
 1- Article (41), which includes two matters:
  A- It allows correcting the category of lands burdened with the right to dispose of agricultural owned by the state, converting them into residential plots, transferring ownership of them from the state for residential purposes, and ending their exploitation for plant or animal production purposes. It allows the owner of the right of disposal to convert it from an agricultural purpose to a residential or commercial purpose.             
B - The Ministry of Finance grants the right to sell agricultural lands to the owners of the rights to dispose of them. Dealing with this issue requires determining the method that is most beneficial to the state’s revenues. Is it achieved by selling those lands or maintaining lease contracts for owners of disposable rights or for the same ministry companies to establish investment projects that are a source for increasing the state’s imports on a permanent basis without the method of selling that provides one-time revenues and then discontinues. The set of the above questions calls for hesitation in approving this article, and it was more appropriate for the topic to be discussed independently and not a paragraph within the budget law to choose the most beneficial method for the state in order to achieve greater and more lasting revenues. Therefore, we demand that this article be removed from the draft budget 
2- Article (47) of the budget includes a dangerous principle in which there is an extreme negligence of the state’s assets owned by public companies, whereby the ministries have the right to sell those assets, noting that these assets have been spent by the state on building tens of billions of dollars for many years and the most dangerous in this article is that they are sold under conditions of domination. Corruption is based on the state’s decisions, which means that it will lead to selling them at the cheapest prices. It is certain that influential politicians and through their commercial interfaces will acquire these national assets, and from this article and similar materials in the 2021 Budget Law, the government's policy is clear to end the state’s ownership of all productive assets, whether agricultural or Industrial and offered for sale, and I do not know the extent to which this trend is linked to the policies and advice of the International Monetary Fund and its harsh conditions on Iraq!
Al-Muhammadawi added: "Based on the above, we call for the deletion of the two aforementioned articles, as they contradict the government's claim to support the agricultural sector, and it also opens the door legally for the corrupt to seize assets, agricultural lands and real estate owned by the state." Ended 6/29 N

[yota691]

Parliament ends the first reading of the draft federal budget bill for 2021

•  Time: 01/2021/09 21:00:38
•  
•  Read: 1,963 times

  

{Baghdad: Al Furat News} In its session held, on Saturday evening, the House of Representatives ended the first reading of the General Budget Law for 2021.

A representative source said {for Euphrates News} that "the House of Representatives has completed the first reading of the draft Federal Budget Law of the Republic of Iraq for the fiscal year 2021."

Wafa Al-Fatlawi

[yota691]

Documents ... 101 parliamentary signatures to include Decision 315 in the 2021 budget

Political| 08:47 - 01/09/2021

 

 

 

 

BAGHDAD - Mawazine News
publishes / Mawazine News / documents that include gathering 101 representative signatures to include Resolution 315 in the 2021 budget. Members of Parliament have launched a parliamentary campaign to add Resolution 315, all contracts and daily procedures, and lecturers in all ministries and departments within the 2021 budget. Who have signed 101 deputy so far.
According to the official newspaper, Al-Halbousi instructed the Finance Committee to "provide equity for those covered by Resolution 315, all daily contracts and employees, lecturers in all ministries and departments, and the necessary action within the 2021 budget."

 

[yota691]

Parliament raises its session to next Monday

Political| 09:51 - 01/09/2021

 

 

 

 

 

Baghdad - Mawazine News

Parliament lifted, on Saturday, its session held today to the day after tomorrow, Monday.
A parliamentary source told Mawazine News, "The House of Representatives adjourns its session to next Monday."
On Saturday evening, the House of Representatives ended the first reading of the 2021 budget bill. 29 / A43 ended

[yota691]

Parliament raises its session to next Monday

•  Time: 01/2021/09 21:48:26
•  
•  Read: 1,599 times

  

{Baghdad: Al Furat News} The House of Representatives in its thirty-third session held under the chairmanship of Muhammad Al-Halbousi, Speaker of the Council, ended today, Saturday, the first reading of the draft federal budget bill for the fiscal year 2021.

The council’s media department stated in a statement, of which Al Furat News received a copy, that “At the beginning of the session, a number of deputies denounced the issuance of a decision by the US Treasury Department related to imposing sanctions on the head of the Popular Mobilization Authority, noting the decision taken by the House of Representatives a year ago by voting. On the removal of foreign forces from Iraq, including the United States, calling for a stand by the three presidencies against the US decision.
For his part, Al-Halbousi directed each of the Parliamentary Foreign Relations, Security and Defense Committees to follow up the issue with government agencies, especially the Ministry of Foreign Affairs, to inform the House of Representatives about the Iraqi government's position in this regard.
The House of Representatives ended the first reading of the draft Federal Budget Law of the Republic of Iraq for the fiscal year 2021 submitted by the Finance Committee, which aims to frame the financial activities and operations of the ministries and entities not associated with a ministry and the governorates during the fiscal year and to determine the financial revenues, current and investment expenditures and the expected deficit and ways to address them, and to put in place an accurate and transparent mechanism in Distribution of state financial resources.
In the same regard, the Chairman of the Finance Committee indicated that there is a large deficit of more than 44% of the total value of the general budget, and this violates the Financial Management Law, warning of the repercussions of the financial deficit that pushes the government to borrow internally and externally and leads to an increase in the financial burden on the state.
The First Vice President of the Council, Hassan Al-Kaabi, during the session that he chaired part of, also directed to discuss the draft federal budget law in a session next Monday.
On the other hand, the general discussions of the deputies focused on the demand to amend Article 57 of the Personal Status Law related to child custody and the formation of a parliamentary committee to follow up the files of the Ministry of Oil, especially the licensing rounds, as well as the formation of a committee to follow up the file of the lecturers in Diyala governorate, disbursement of the farmers' dues in Wasit governorate for the year 2019 and granting the share The water allocated to the governorate, in addition to the demand to ensure the flow of water quotas to the agricultural areas south of Baghdad, the call for fairness to holders of contracts and the daily procedure within the 2021 budget law, and the demand to increase the percentage of those admitted to the police and military colleges from the Turkmen component.
After that, it was decided to adjourn the session to next Monday, 11/1/2021.

Wafa Al-Fatlawi

[yota691]

Seven important discussions that the House of Representatives did not disclose in today's agenda

•  Time: 01/2021/09 22:25:07
•  
•  Read: 897 times

  

{Baghdad: Al-Furat News} Intense discussions took place on a number of various topics under the dome of Parliament during a session on Saturday, including the lecturers, fairness to contract holders, and the amendment of a paragraph in the Personal Status Law that was not disclosed in its agenda.

The House of Representatives announced the agenda for the Saturday session, which included the first reading of the draft federal budget bill for the fiscal year 2021. The
general discussions of the deputies focused on the completion of the first reading of the budget law, to demand the amendment of Article 57 of the Personal Status Law related to child custody. 
It was also decided to form a parliamentary committee to follow up on the files of the Ministry of Oil, especially the licensing rounds, as well as to form a committee to follow up the file of lecturers in Diyala Governorate.
The deputies also discussed the disbursement of the farmers' dues in Wasit Governorate for the year 2019 and the granting of the water quota set for the governorate, in addition to the demand to ensure the flow of water quotas to agricultural areas south of Baghdad. 
The deputies also called for fairness to contract holders and the daily procedure within the 2021 Budget Law, and a demand for an increase in the percentage of those admitted to the Police and Military Colleges from the Turkmen component.
Wafa Al-Fatlawi

[nannab]

You are a busy busy fella Master Yota    THANK YOU  

[yota691]

Parliament ends its first reading of the 2021 budget amid sharp political disputes

 

Speaker of Parliament, Muhammad Al-Halbousi

money and business Economy News - Baghdad On Saturday, the Iraqi Council of Representatives ended the first reading of the federal budget bill for the fiscal year 2021. Today, Saturday evening, a session was held, chaired by Muhammad al-Halbousi and in the presence of his two deputies, devoted to conducting the first reading of the bill, before it is submitted to next Monday. Al-Halbousi instructed the Finance Committee to provide fairness to those covered by Resolution 315, all daily contracts and employees, lecturers in all ministries and departments, and the necessary action within the 2021 budget. This came as a result of a parliamentary signature campaign to add Resolution 315, all daily contracts and employees, and lecturers in all ministries and departments within the 2021 budget, signed by more than 140 representatives. According to "Rudaw", a number of representatives of the Shiite blocs are demanding that the Kurdistan Region be obligated to deliver all its oil to Baghdad. In turn, a member of the Parliamentary Finance Committee, Hoshyar Abdullah, said that there is a disagreement over the provincial shares, indicating that "the committee does not have the authority to add financial allocations for expenditures, and all it can do is reduce or transfer between private chapters." In addition, Hazem Al-Khalidi, head of the Parliamentary Committee for Monitoring the Implementation of the Governmental Program and Parliamentary Strategic Planning, called in a statement read by "Al-Eqtisad News", to reduce the spending estimates in the 2021 budget, "which are very exaggerated, especially since the actual total spending in 2020 reached (72) trillion dinars. The draft budget obliges the Kurdistan Region to deliver (250) thousand barrels of crude oil per day at the price of marketing the oil exported from (SOMO), and Al-Khalidi stated that "this text permits the region to sell oil directly and is obligated to deliver its value and this is a clear constitutional violation and the other violation is that the same article allows the region By disposing of what increased its production even if it reached (500) thousand barrels, as the same article stipulates (the quantities exceeding that shall be used to cover domestic consumption in the region and the costs of production, operation and transportation) and this is an implicit acknowledgment of the legality of the partnership contracts that the region concluded with foreign companies without the approval of the authority Federal, "noting that" the budget obliges the Ministry of Finance to bear the region's loans and financial obligations during the years (2014-2019) in the form of annual payments, including the dues of foreign companies. "

Number of observations 158   Date added 01/09/2021

[yota691]

The 33rd session - Saturday 9 January 2021
707 views•Jan 9, 2021

 

Parliament-iq
 

[yota691]

Malians: The 2021 budget contravenes the government's economic policy

 

A commercial center in the center of the capital, Baghdad

Reports Economy News - Baghdad Specialists have criticized the 2021 budget bill, which is based on large spending in light of a government economic program that includes rationalizing public spending. The budget for the year 2021 is more than 164 trillion dinars, while the deficit in it has reached 71.5 trillion dinars. A member of the Finance Committee, Ahmed Al-Saffar, said that the 2021 budget bill contains many contradictions, because the government's fiscal approach in the white paper includes austerity, but it presented an expansionary budget. Al-Saffar added, the government claims that it targets the poor and vulnerable classes in society, in order to improve their livelihood, but the reality is the opposite, because the government changed the exchange rate of the dollar in addition to imposing new taxes. He pointed out that the ration card project is one of the failed projects due to financial and administrative corruption, explaining that the budget deficit should not exceed 3% of GDP, but in the current year budget it reaches 20%. On the other hand, the head of the Parliamentary Finance Committee, Haitham al-Jubouri, said during the parliament session that was followed by "Al-Iqtisad News", that "the committee has reservations about the large deficit in the 2021 draft budget because it violates the Financial Management Law." He added that the deficit in the draft budget amounts to 71.5 trillion dinars, which constitutes more than 44% of the total budget, explaining that addressing this deficit is from internal borrowing and thus increases the burden of the state treasury. He pointed out that there is a large gap in government spending during the current year budget, compared to 2019 and 2020. The parliament began yesterday, Saturday, to read the draft budget for the year 2021, amid reservations by some political blocs on the mechanism of formulating it. While the economic expert, Hammam Al-Shamaa, said that the 2021 budget created stagnation and inflation, by imposing income taxes and many goods and services, in addition to increasing inflation by changing the dollar exchange rate. He added that treating inflation requires deflationary measures, and treating recession requires inflationary measures. The treatment will be difficult in this budget because the economy depends on oil. He stressed that the budget put the economy in a big bind, and contributes to the destruction of the economy, and put it in an incurable disease.

Number of observations 184   Date added 01/10/2021

[yota691]

Parliament opens a "direct channel" with the government to amend the budget

14:27 - 10/01/2021

 

The information / Baghdad ..
The Parliamentary Finance Committee expected, on Sunday, that broad amendments will be made to the draft budget law for the current year in accordance with the powers of the House of Representatives in terms of transfer according to the constitution, while it disclosed the opening of a direct channel between the government and the Finance Committee, especially those related to the chapters that result in deleting and increasing funds .
Member of the committee, Representative Jamal Cougar, said in a statement to "the information", that "the Finance Committee and members of Parliament have many observations and objections to a large number of its paragraphs, and there is no doubt that it will be subject to wide-ranging amendments in accordance with the powers of Parliament approved by the constitution."
Cougar added, "The large number of amendments will need to be reviewed directly with the government, especially those related to adding funds or reducing the fact that Parliament has the authority to transfer only."
He ruled out "restoring the budget to the government and replacing it with opening a direct channel between the government and the Finance Committee, especially with regard to the chapters that result in deleting and increasing funds."
The MP for the State of Law coalition, Alia Nassif, revealed in a previous statement to "the information", the existence of parliamentary intentions to return the draft budget bill to the government. Ended / 25 AD

[yota691]

Pictures .. Heads of political blocs are looking at the headquarters of Al-Hikma to approve the budget and important laws

•  Time: 01/2021/10 13:09:16
•  
•  Read: 3,146 times

 

 

 

 

 

 

 

 

 

 

 

  

{Baghdad: Al Furat News} The heads of political blocs, in the presence of the Deputy Speaker of the Parliament at the headquarters of the Al-Hikma bloc, held a meeting to discuss the importance of approving more important laws and the importance of expediting the approval of the financial budget after extensive discussion.

The House of Representatives, in its session yesterday, Saturday, completed the first reading of the draft Federal Budget Law for the year 2021, which “aims to frame the financial activities and operations of the ministries and entities not associated with a ministry and the governorates during the fiscal year and to determine the financial revenues, current and investment expenditures and the expected deficit and ways to address them and to put in place an accurate and transparent mechanism in Distribution of the state's financial resources. "
The head of the Parliamentary Finance Committee, Haitham al-Jubouri, indicated during the session that "there is a large deficit of more than 44% of the total value of the general budget, and this contradicts the financial management law," warning of the repercussions of the financial deficit that pushes the government to borrow internally and externally and leads to an increase in burdens Finances on the state. "
And the Presidency of Parliament directed to discuss the draft budget law in tomorrow's session, Monday.

Ammar Al-Masoudi

[yota691]

Tomorrow, the Iraqi parliament will continue discussing the draft general budget law for 2021

A part of the Iraqi parliament session to discuss the draft federal budget law for the fiscal year 2021

 January 10, 2021 11:26 AM

Mubasher: The Iraqi Council of Representatives, in its thirty-third session held under the chairmanship of Muhammad Al-Halbousi, Speaker of the Council, ended yesterday evening, Saturday, the first reading of the draft Federal Budget Law of the Republic of Iraq for the fiscal year 2021, submitted by the Finance Committee.

The First Vice President of the Council, Hassan Al-Kaabi, during the session that he chaired part of, directed to discuss the draft federal budget law in tomorrow's session, Monday, according to the council's statement.

And it was decided to adjourn the session to Monday 11 January

The House of Representatives said that the Federal Budget Law aims to frame the financial activities and operations of the ministries and entities not associated with a ministry and the governorates during the fiscal year, to determine the financial revenues, current and investment expenditures, and the expected deficit and ways to address them, and to establish an accurate and transparent mechanism in the distribution of the state's financial resources.

The Chairman of the Finance Committee noted that there is a large deficit of more than 44% of the total value of the general budget, and this violates the Financial Management Law, warning of the repercussions of the financial deficit that pushes the government to borrow internally and externally and leads to an increase in the financial burden on the state.

The meeting of the House of Representatives to discuss the budget law was preceded by a meeting held by the Finance Committee headed by the deputy, Haitham Al-Jubouri, with the presence of the members; It began discussions of the draft federal budget bill for 2021.

During the meeting held at its headquarters, the committee identified a number of key points in the paragraphs of the budget law; The most important of these are the large deficits, the deductions imposed on employees' salaries, and the size of financial allocations to the provinces.

The Finance Committee stressed the importance of addressing the large budget deficit, and taking into account the situation of the Corona pandemic and not completely relying on current oil prices as they are subject to change, as well as taking into account the proportions of financial allocations to the governorates, taking into account the degree of deprivation for each governorate.

[yota691]

In numbers ... an official in the Iraqi parliament calls for a reduction in 2021 budget expenditures

Iraqi Parliament

 Jan 10, 2021 12:43 PM

Mubasher: The head of the Committee for Monitoring the Implementation of the Governmental Program and Strategic Planning in the Iraqi Council of Representatives, Representative Hazem Al-Khalidi, renewed his request to reduce the estimates of spending the 2021 budget, stressing that it is exaggerated .

 

Al-Khalidi confirmed, according to a statement by the Media Department of the House of Representatives, that the closest year to the 2021 budget is 2020, as the actual total spending for it did not exceed more than 72 trillion dinars.

According to the council’s statement, Al-Khalidi provided 13 justifications for these demands. The first is that the government presented in the Deficit Financing Law a request for an amount of 41 trillion dinars for a period of 4 months only, indicating that the real need did not exceed 12 trillion dinars for the same period.

Al-Khalidi added that the government presented the draft budget for the year 2020 to the House of Representatives in the ninth month of the same year and requested an amount of 148 trillion dinars, although the Ministry of Finance stated in an official letter that the total actual spending for the eight months of 2020 was 46 trillion dinars. Eight months needed to spend 46 trillion dinars only, meaning that the remaining amount requested by the government, amounting to 102 trillion, is intended to be spent in only 4 months, so how can he ask to spend money in a third of a year equivalent to more than twice the amount spent in two-thirds of the same year?

The head of the Strategic Planning Committee noted that the current expenditures for the year 2020 in the eight months up to the first of September amounted to 44.8 trillion dinars, while the 2021 budget proposes current expenditures of 120 trillion dinars.

He pointed out that the actual expenditures of goods and services during the year 2020 amounted to 1.93 trillion dinars, while the 2021 budget proposes to be 19.5 trillion dinars, and that the expenses for maintaining assets during the eight months of the past year amounted to 89 billion dinars, while the current year budget proposes to be 578 billion dinars .

Al-Khalidi revealed that the actual expenditures for the special programs amounted to about 51 billion dinars in the eight months of 2020, while the 2021 budget proposes an amount of 1.1 trillion dinars, and demands an amount of 638 billion dinars for capital expenditures, while in the first 8 months of last year it reached 52 billion dinars. .

As for the actual expenditures under the item of grants, subsidies, interest and other expenses, Al-Khalidi said that in the first 8 months of 2020 they reached about 7.3 trillion dinars, and the schedule of the Deficit Financing Law for the remaining four months of last year did not include adding amounts to this title, while the 2021 budget proposes for the same This address amounts to 18.5 trillion dinars.

The actual spending of investment expenditures for the year 2020 amounted to 3.1 trillion dinars, while the 2021 budget proposes to be 27 trillion dinars, according to the committee chairman.

The head of the Committee for Monitoring the Implementation of the Governmental Program and Strategic Planning pointed out that the budget articles refer to the calculation of the dues of the Kurdistan region for previous years from the total actual spending that the financial control accounts show within the budget laws allocations for the years (2014-2019) despite the regional government’s failure to deliver any Oil or non-oil revenues to the public treasury .

He pointed out that the budget obliges the region to deliver 250 thousand barrels of crude oil per day at the price of marketing the oil exported from the Iraqi Oil Marketing Company (SOMO). Meaning that this text allowed the region to sell oil directly and obligate it to deliver its value, and this is a clear constitutional violation, and the other violation is that the same article allows the region to dispose of what increased its production even if it reached 500 thousand barrels, as the same article stipulates (The quantities exceeding that are used to cover consumption This is an implicit acknowledgment of the legality of the partnership contracts concluded by the region with foreign companies without the approval of the federal authority.

Al-Khalidi stated that the budget obliges the Ministry of Finance to bear the region's loans and financial obligations during the years (2014-2019) in the form of annual payments, and among these loans are the dues of foreign companies operating in the region, contrary to the constitution .

Finally, the Chairman of the Strategic Planning Committee called for the necessity of canceling the budget paragraphs for withholding employees' salaries and imposing tax on them, while keeping the salaries of the three presidencies, ministers, deputies, and higher and special ranks deducted .