Parliament opens its 34th session headed by Al-Haddad

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They cannot even get one budget done on time for the year let alone monthly  

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The 2021 budget and the low-income people

Thursday January 21, 2021 54

 

Mustafa Mohamed Ibrahim

 

The "budget" is an estimated annual plan for a complete fiscal year to come. It expresses the revenues and expenditures of the government. It includes the revenues, expenditures and investment aspect, ie the investment projects that the government undertakes to develop the economic sectors.

 The budget for the year 2021, which differs slightly from the budgets of Iraq after the year 2003, has impacts on the limited income by adopting the exchange rate of 1450 (in case the budget is approved) compared to the rest of the budgets of previous years, as well as increasing taxes on employees that did not touch the employee with income. The limited or the public, any improvement in public finances through its policy, in a more sense, the agricultural sector, the industrial sector, not even the local production did not improve, but the local production continued to rise under the pretext of the rise of the dollar and the devaluation of the dinar and more to this day, there is no effective support for farmers (with real controls On the farmer).

In addition to the continuing presence of job grades in this year's budget, as well as the continuation of current and unnecessary spending in some budget items, as well as the presence of exaggerated estimates such as the estimates of the ministries of defense and interior after achieving security at a very large percentage compared to the rest of the previous years, which is supposed to allocate to other ministries to cover Expenditures that support and develop the country's economic sectors.

Here, the Ministry of Finance must work with its real financial policy, such as realizing real revenues, i.e. actual, from taxes and customs that do not constitute in the 2021 budget more than 23 percent of GDP, as well as state real estate, and in return reduce the accumulated debts, whether it is an internal or external debt, as well. On finding a common and real understanding between the Ministry of Finance, the World Bank and the International Monetary Fund regarding the restrictions imposed on Iraq in return for external borrowing.

The most important issue that must be focused on when preparing the draft budget law for subsequent years is the need to adopt the price of a barrel of oil in a more realistic manner and closer to the oil market. So that there is no difference in the estimates of the budget when preparing it, which leads to dispersion in the chapters of the budget and disparity in the media statements, whether visual or audio, especially social media, regarding the adoption of the price of a barrel of oil when preparing the budget.

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Representative economy: We are working to pressure expenditures in the budget and redress the oppressed segments

09:40 - 01/22/2021

 

  

Information / Special
The Parliamentary Economic Committee indicated that Parliament is determined to squeeze expenditures in the budget with an emphasis on equitable segments of their contracts, lecturers, and social welfare.
A member of the committee, MP Hamid Abbas, told "the information", "The budget has 53 trillion dinars allocated as salaries for employees, and there is no such number in any country in the world, as these allocations represent the budgets of three countries."
He added that "2020 expenditures amounted to 72 trillion, and Parliament is determined to reduce it in the current year’s budget, with an emphasis on the return of those whose contracts and lecturers have broken their contracts and equitable social care."
And that "the government is dealing with figures and accounts at a time when parliament is amending the budget and reducing expenditures in order to reduce the deficit in a way that can be covered and not exceeding the legally permitted limit." 25 n

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Parliamentary Finance: A major change will occur in the budget, including the price of oil ... and these points of contention

•  Time: 01/21/2021 20:48:04
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•  Read: 10,907 times

  

{Baghdad: Al Furat News} The Parliamentary Finance Committee revealed, on Thursday, a major change in the draft federal budget bill for 2021.

The committee's rapporteur, Ahmed Al-Saffar, said in a televised press statement, "The Finance Committee is exempt from attending Parliament sessions and holds morning and evening sessions to end discussion of the budget bill."
And, "the committee has begun to develop alternative proposals for each article in the law, and certainly there will be very large and prominent changes, and spending will not remain in the budget of 164 trillion dinars, and it will reduce significantly in return to maximize revenues."

Al-Saffar stressed, "We have put our hands on waste in revenues and expenditures, and thus we are heading to reduce the deficit significantly," noting that "the change will affect the price of a barrel of oil and will not remain $ 42" as specified by the ministry.

He noted, "The differences in the budget are in the distribution of expenditures on the provinces and the share of the Kurdistan region and the inclusion of the budget in new job grades," stressing that "the committee is serious about scrutinizing the draft budget in a large way as it enters into details that were not addressed by previous budgets."

Raghad Daham

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Will the budget include a salary deduction? The last comment on Parliamentary Finance

•  Time: 01/2021/21 21:06:00
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•  Read: 9,373 times

  

{Baghdad: Al Furat News} The Parliamentary Finance Committee revealed the latest developments in the fate of salary deductions in the draft federal budget bill for 2021.

Committee reporter Ahmed Al-Saffar said in a televised statement, this evening, Thursday, "There are no deductions in the salaries of the employees in the budget, and there is a list of the progressive tax rate, and the salary starts from 500 thousand dinars, and this is an incorrect procedure, since the budget is a financial law for one year and cannot include an amendment to a permanent law on taxation." ".
He added, "The government must submit a bill to amend the tax law to Parliament and not include it, and we are against imposing any salary tax in the budget. Even if it is included, it will fall into the dome of the House of Representatives and to reassure the employee, but higher salaries can be reviewed."
It is noteworthy that the Parliamentary Finance Committee has held continuous meetings a few days ago with various government institutions and ministries to discuss the draft federal budget bill for 2021.
It is expected that the House of Representatives will vote, before the end of this month, on the budget.
Ammar Al-Masoudi

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Parliamentary Finance directs an "urgent letter" to all government institutions

•  Time: 01/21/2021 23:50:34
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•  Read: 12,103 times

  

{Baghdad: Al Furat News} The Parliamentary Finance Committee sent an "urgent letter" to all government institutions regarding loans.

A statement by the Parliamentary Media Department stated that the committee, headed by Haitham Al-Jubouri, held its twenty-seventh meeting to discuss the draft federal budget bill for 2021, while government institutions demanded that they provide them with details of all loans included in the budget.
The committee discussed “the articles to be added in the budget and that flow In supporting the private sector and economic development, as well as reducing the redundant circles in state institutions and keeping the bureaucracy away from strategic projects and everything that would maximize the state's non-oil revenues.
”During its discussions, the committee presented a number of proposals and opinions to compress the large deficit in the budget and move away as much as possible Regarding loans, as I sent an urgent letter to all government institutions requesting that they provide them with all loan details along with a feasibility study on each one of them so that the committee can take the necessary action in this regard. ”
Ammar Al-Masoudi

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In the document .. Parliament Presidency sets the date for the central bank governor to be questioned by the Sari

•  Time: 01/22/2021 13:35:14
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•  Read: 1,144 times

  

{Baghdad: Al-Furat News} The Presidency of the Council of Representatives has set a date for the interrogation of the Governor of the Central Bank of Iraq, Mustafa Ghaleb, by the head of the Parliament's wisdom bloc, Faleh Al-Sari.

In a letter from the Parliament Secretariat to the Central Bank, the Euphrates News Agency obtained a copy of it informing the governor of the date of his interrogation “based on the interrogation request submitted by (Faleh Sari), and for the constitutional and legal conditions to be met in the request in accordance with Article (61 / Seventh / C) of The Constitution and Article {27 / Fourth} and Article 31 of the House of Representatives Law and its Formations No. 13 of 2018, and Article 58 of its bylaws, the Presidency of the Council of Representatives decided that the questioning of the Governor of the Central Bank (Mustafa Ghaleb is scary) will take place on Wednesday 27/1/2021. " .
It is noteworthy that the head of the Parliamentary Wisdom Bloc, Faleh Al-Sari, is seeking to question the Governor of the Central Bank of Iraq, Mustafa Ghaleb, because the House of Representatives was not convinced of the answers provided during its hosting last November, and collected signatures to submit a request to question the governor.
Al-Sari said to the Euphrates on the 20th of last month, "The criteria set by the central bank governor set the country with financial crises, and we have objections and criticisms to his choice and performance," indicating that "the answers of the central bank governor were not feasible with regard to raising the exchange rate."
On more than one occasion, Al-Sari announced that the interrogation had been completed, and that he had requested the Presidency of the Council of Representatives, to set a date for it.
Ammar Al-Masoudi

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The Presidency Of The House Of Representatives Sets A Date For The Questioning Of The Governor Of The Central Bank

On January 22, 2021

 

The Independent / - The Presidency of the House of Representatives decided that next Wednesday will be the date for the questioning of the Central Bank Governor, Mustafa Ghaleb Mekhaif.

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Parliament sets a date for the questioning of the governor of the Central Bank

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1/22/2021 14:29:00

 

 

 

 The Presidency of the Council of Representatives set a date for the questioning of the Governor of the Central Bank of Iraq, Mustafa Ghaleb, by the head of the Parliamentary Wisdom Bloc, Faleh Al-Sari.

And in a letter from the House of Representatives Secretariat to the Central Bank informing the governor of the date of his interrogation “based on the interrogation request submitted by Faleh Sari, and for the constitutional and legal conditions to be met in the request in accordance with Article 61 / Seventh / C of the Constitution, Article 27 / Fourth and Article 31 of the Parliament Law and its Formations No. 13 of 2018, and Article 58 of its bylaws, the Presidency of the Council of Representatives decided that the interrogation of the Governor of the Central Bank, Mustafa Ghaleb, will be frightening on Wednesday 27/1/2021.

 

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The National Union bloc calls for an increase in the financial allocations to Article 140

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1/17/2021 17:37:00

 

 

       

The National Union bloc calls for an increase in the financial allocations to Article 140

 

Two deputies in the Patriotic Union of Kurdistan bloc in the House of Representatives called for an increase in the financial allocations to Article 140 of the Constitution.

According to the fiscal budget for 2021, the financial allocations for Article 140 of the Constitution amount to 12 billion and a half dinars.

Representative Dylan Ghafour, a member of the Patriotic Union of Kurdistan in the House of Representatives, said that the financial allocations to Article 140 of the Constitution decreased compared to the year 2019, explaining that the amount allocated to all disputed areas also includes areas in southern and central Iraq.

She added: We call on the Parliamentary Finance Committee to increase the financial allocations for Article 140 of the Constitution, stressing that it called on the Presidency of the Council of Representatives to increase the allocations.

For his part, Representative Jamal Shakour of the National Union bloc in the House of Representatives said: It is necessary to pay attention to Article 140 of the Constitution, and to implement all its clauses to solve problems in the disputed areas, including the problems of farmers, indicating that the fiscal budget for 2021 allocated 12 billion dinars to Article 140.

He added, "Solving problems requires a larger budget, stressing the need to activate the Article 140 Committee of the Iraqi Constitution."

 

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Member of Parliamentary Finance: We made many changes in the 2021 budget

•  Time: 01/23/2021 07:59:10
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•  Read: 2,626 times

  

{Baghdad: Al Furat News} The Finance Committee intends to finish drafting the 2021 budget and put it to the vote at the end of this week or early next week, while the Parliament Presidency called for the need to increase allocations for the security services in light of the current security situation.

A member of the Finance Committee, Jamal Cougar, said in a press interview, "The Finance Committee continues its discussions on the budget, which have become almost finished and have begun to finalize them. Therefore, it is possible that the budget will be presented to a vote at the end of this week or early next week."
He added, "The biggest budget dilemma is the region’s share, which may be resolved today with the arrival of a delegation from the region to Baghdad to settle their share of the budget and reach a semi-final agreement regarding it." To find out about the development budget for the regions and governorates and listen to their views, and thus the committee ends hosting them for the budget.
Couger said, "The committee made many changes, including changing the emergency budget from 500 billion dinars to 150 billion, in addition to the deductions from employees, and the committee turned to the income tax option that came with most votes based on Law 113."
He pointed out that "the government option with deductions saves 4 trillion dinars, and the income tax option provides 2 trillion and 600 million 
dinars."
He pointed out that "the committee has tended to raise the price of a barrel of oil from 42 dollars to 45 dollars, and this will generate more than 5 trillion dinars for the state," stressing that "the only thing that has remained constant in the budget is the exchange rate of the dollar against the dinar."

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Reshaping the 2021 budget

Saturday 23rd January 2021 418

 

Baghdad: Shaima Rasheed 

 

The Finance Committee intends to finish drafting the 2021 budget and put it to the vote at the end of this week or early next week, while the Parliament Presidency called for the need to increase allocations to the security services in light of the current security situation.

A member of the Finance Committee, Jamal Cougar, told Al-Sabah: “The Finance Committee continues its discussions regarding the budget, which has become almost finished and has begun to finalize it. Therefore, it is possible that the budget will be presented to a vote at the end of this week or early next week.”

He added, "The biggest budget problem is the region’s share, which may be resolved today with the arrival of a delegation from the region to Baghdad to settle their share of the budget and reach a semi-final agreement regarding it." To find out about the development budget for the regions and governorates and listen to their views, and thus the committee ends hosting them for the budget. 

And Couger stated that "the committee made many changes, including changing the emergency budget from 500 billion dinars to 150 billion, in addition to the deductions clause from employees. The committee turned to the income tax option, which came with most votes based on Law 113," noting that "the government’s choice of deductions It saves 4 trillion dinars, and the income tax option saves 2 trillion 600 million 

Dinar".

He pointed out that "the committee has tended to raise the price of a barrel of oil from 42 dollars to 45 dollars, and this will lead to more than 5 trillion dinars for the state," stressing that "the only thing that has remained constant in the budget is the exchange rate of the dollar against the dinar."

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Parliamentary Finance: To vote on the budget within one or two weeks

Economie

2021-01-22 | 13:03

 

 

8,740 views

 

The Parliamentary Finance Committee confirmed today, Friday, that the vote on the current year’s budget will take place within one or two weeks.

A member of the committee, MP Ahmad Hama, said in an interview carried by the Iraqi News Agency, "The committee conducted a detailed and analytical reading of the materials in the budget, and all ministries, bodies and governors will agree to study the data and assignments."

 

 

Hama added that "the Finance Committee has reached the end to raise the budget law to the House of Representatives for a vote," noting that "the budget will be voted on within the committee during the two weeks or next week."

 

He continued that "the committee is currently studying all the articles in the budget from Article 1 to Article 58", indicating that "the committee studied the issue of the provincial budget, and since the Provincial Council does not exist in the law, alternatives have been put in place for the approval of provincial projects." So far, you agree or vote on these alternatives, and the topic is in the process of discussion and modification. "

 

 

 

He pointed out that "the committee did not discuss the issue of contracts, but it studied it and needs allocations. It has hosted the Minister of Finance to discuss with him the ability of the Finance Ministry to provide allocations for Resolution (315) on contracts, and the committee is awaiting the Ministry of Finance's response on this topic."

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Deputy: The amendments included more than 10 chapters in the 2021 budget

09:17 - 23/01/2021

 

  

 

Information / Baghdad

Member of Parliament, Mudhar Al-Karawi, confirmed, on Saturday, that the amendments included more than 10 chapters in the 2021 budget, indicating that the committee is continuing to make changes.

"The Parliamentary Finance Committee continues to conduct its evaluation of the contents of the chapters of the 2021 budget by holding extensive meetings with ministries and government agencies," Al-Karawi said in a statement to Al-Maalouma.

Al-Karawi added, "10 chapters in the 2021 budget have been modified so far in terms of spending, and perhaps other adjustments will be made in the coming days, stressing that the budget file has been largely resolved by studying its details and sections." He expected that "the reduction in spending will be large and may reach 40 trillion." Dinar".

He continued, "The file of deduction from the salaries of the employees there is a rejection of it, but with flexibility regarding the file of deduction for the higher ranks and the three presidencies," stressing that "there are different proposals about the matter, but in general there is a rejection about deducting the salaries of simple employees."

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Representative economy: Parliament will issue recommendations regarding the exchange rate of the dollar in the 2021 budget

11:11 - 23/01/2021

 

  

 

The information / Baghdad ..

The Parliamentary Economic and Investment Committee confirmed, on Saturday, that Parliament will issue recommendations regarding the exchange rate of the dollar in the 2021 budget, noting that determining the exchange rate is a governmental matter and it is its exclusive powers.

Committee member Mazen Al-Faily said in a statement to / Al-Maalouma /, that "the House of Representatives will submit recommendations in the budget regarding the exchange rate of the dollar."

Al-Faily added, "It is up to the government to adhere to the recommendations or not," noting that "the powers of the central bank to draw fiscal and monetary policy and determine the exchange rate."

He pointed out that "discussions are still continuing on the high price of the dollar against the Iraqi dinar, which affected many segments of Iraqi society."

The deputy of the coalition of Iraqis, Hassan Khatti, confirmed in a previous statement that the exchange rate of the dollar against the Iraqi dinar will not remain constant, according to what was set in the 2021 budget. Ended / 25 h

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It will host two delegations within 24 hours ... Parliamentary Finance begins the final drafting of the budget

09:59 - 23/01/2021

 

  

 

The information / Baghdad ..

The Finance Committee intends to finish drafting the 2021 budget and put it to the vote at the end of this week or early next week, while the Parliament Presidency called for the need to increase allocations to the security services in light of the current security situation.

A member of the Finance Committee, Jamal Cougar, said in a statement reported by Al-Sabah newspaper, which was seen by / the information /, that “the Finance Committee continues its discussions regarding the budget that has become almost finished and has begun to finalize it. Therefore, it is possible that the budget will be presented to a vote at the end of this week or early week Next ”.

Cougar added, "The biggest budget dilemma is the region’s share, which may be resolved today with the arrival of a delegation from the region to Baghdad to settle their share of the budget and reach a semi-final agreement on it," adding that "the committee will host today a delegation of economists, and it will host tomorrow, Sunday." For the conservatives to find out the budget for the development of the regions and governorates and listen to their views, and thus the committee ends their hosting of the budget.

And Couger stated that "the committee made many changes, including changing the emergency budget from 500 billion dinars to 150 billion, in addition to the deductions clause from employees. The committee turned to the income tax option, which came with most votes based on Law 113," noting that "the government’s choice of deductions It saves 4 trillion dinars, and the income tax option saves 2 trillion and 600 million dinars.

He pointed out that "the committee has tended to raise the price of a barrel of oil from 42 dollars to 45 dollars, and this will lead to more than 5 trillion dinars for the state," stressing that "the only thing that has remained constant in the budget is the exchange rate of the dollar against the dinar." End / 25

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A member of Parliament announces reaching an agreement with the government on a new price for a barrel of oil

 

 

1,300 Policy 2021/01/23 12:20 Baghdad today -

Baghdad Today, Saturday (January 23, 2021), a member of the Parliamentary Finance Committee, Jamal Cougar, announced that an agreement had been reached with the government to raise the price of a barrel of oil in the budget to $ 45 per barrel. The budget sets an estimated price for a barrel of oil, amounting to $ 42 per barrel, while oil revenues in the budget represent more than 80 percent of total revenues. Cougar said in an interview with (Baghdad Today), "There is an agreement between the House of Representatives and the Iraqi government to raise the price of a barrel of oil in the 2021 budget from $ 42 to $ 45." He added that the new price "was made in agreement with the government, as Parliament cannot amend the price without the government's approval, as it is within its executive powers." And Cougar stated, "There is also an agreement to raise the price of the barrel sold to Iraqi domestic refineries, and this is in order to increase state revenues, without prejudice to the citizens." He continued, that the government should "impose conditions and restrictions to prevent any increase in the prices of gasoline or other oil derivatives," noting that "the goal of this increase is to increase profits without prejudice to citizens." Iraq sells about 660 thousand barrels per day to local refineries, at a subsidized price. According to deputies, each increase of $ 1 over the estimated price of a barrel is matched by an increase of 1.6 trillion dinars annually, to state revenues, according to the new price of the dollar, which rose about 20 percent from the previous one, against the Iraqi dinar.