Parliamentary Finance: The current budget is the two-year budget, and this is the date for approval

[yota691]

A deputy narrates new details about Al-Kazemi's meeting with the parliament’s finances: This is what he said about Kurdish citizens

 

 

2,163 Policy 02/11/2021 23:47 Baghdad Today -

Follow-up A member of the Finance Committee in Parliament, Jamal Cougar, revealed the details of the committee's meeting with Prime Minister Mustafa Al-Kazemi, while noting that the Prime Minister gave full freedom to amend the provisions of the budget. In a televised interview with (Baghdad Today), Jamal Cougar said, “Prime Minister Mustafa Al-Kazemi gave all freedom to the Finance Committee to make adjustments to the budget,” indicating that he “wanted to come and thanked the committee for its work while requesting the passage of the budget, while indicating that the texts The government is not sacred about budget clauses. " Cougar added that Al-Kazemi spoke during the meeting about "the Kurdistan region, and he said that we will not leave our people in the region without salaries." The Media Department of the House of Representatives announced, this week, that the Parliamentary Finance Committee discussed the 2021 budget in the presence of the Prime Minister, Mustafa Al-Kazemi, his 5 ministers, and the Secretary of the Council of Ministers. Cougar continued, "The Financial Committee has exceeded the dollar price, as it is not one of its powers, but of the central bank's powers," indicating that "the committee discussed with the central bank the file of the dollar exchange rate, and he convinced us of his point of view." A member of the Finance Committee in the House of Representatives pointed out that "if the government had continued with the issue of the budget without a step to devalue the currency, Iraq would have been in real bankruptcy after 6 months, after the government had two options, the bad and the worst, and the government chose the bad." Since the Iraqi government devalued the local currency, the dinar against the dollar, there has been much talk about the benefits of reducing the exchange rate and its impact on the citizens and the Iraqi state, which is going through an unprecedented economic crisis, as a result of the repercussions of the decline in oil prices due to the Corona virus. While economists believe that the reduction of the value of the Iraqi dinar may be aimed primarily at reducing the leakage of foreign currency abroad, parliamentary statements indicated that the government's benefit from raising the exchange rate does not exceed 12 trillion Iraqi dinars annually. Since the collapse of oil prices earlier this year, Iraq is facing an unprecedented liquidity crisis, and the government of Prime Minister Mustafa Al-Kazemi has been forced to borrow from the reserves of the Central Bank to pay nearly $ 5 billion per month, representing public sector salaries and pensions. The decision sparked a wave of anger in the Iraqi street, but Al-Kazemi defended his government's move and said that he had two options: "Either the collapse of the regime and enter into overwhelming chaos, or we enter into a Caesarean section for reform." During his speech at a cabinet session, Al-Kazemi cited several countries, including South Korea and Singapore, when they had previously taken "difficult decisions" to reform the economy.

[yota691]

DEPUTY DEMANDS DISCLOSURE OF THE AMOUNTS OF LOANS GRANTED TO KURDISTAN BY TBI

 

16 hours ago62

 

Member of Parliament, Jamal Al-Muhammadawi, demanded the Ministry of Finance to disclose in detail the loans granted to the Kurdistan region by the Iraqi Trade Bank.

A document issued by Al-Muhammadawi’s office quoted that “for monitoring purposes, we hope to provide us with a detailed statement showing the loans granted to the Kurdistan region by the Iraqi Trade Bank referred to in Article (11) - Third of the draft Federal Budget Law for the year 2021.”

The document added, "The need to emphasize" the mention of the parties and persons benefiting from these loans.

[yota691]

Mirza: The draft budget will be ready for voting next Saturday or Sunday

by Editor Iraq News , Economy 12 Hours ago

Member of the Finance Committee in the House of Representatives, Shirwan Mirza, suggested that the committee finish its work, and that the draft budget be ready to be submitted to the vote on the next Saturday or Sunday.

Mirza explained that the committee has completed a large part of its work so far and continues to hold its meetings to end the remaining paragraphs of the budget project, indicating that the governments of Baghdad and Erbil have reached an agreement, but what hinders its implementation is the disagreement within Parliament and the Finance Committee, and the continued submission of new proposals by the Shiite blocs, and from Among them are proposals described as unconstitutional, and related to handing over the region's entire oil file and oil fields to Baghdad.

[yota691]

A parliamentary bloc: 3 files hinder the finalization of the 2021 budget

19:10 - 11/02/2021

 

  

Information / Special ...

The head of the Bayariq Al-Khair Parliamentary Bloc, MP Muhammad Al-Khalidi, confirmed, Thursday, that 3 files hinder the finalization of the 2021 budget at the present time.

Al-Khalidi told the Information Agency, that "the 2021 budget requires the follow-up of MPs, as it is one of the important laws that will draw important lines for the course of financial and economic performance for the current year and the disbursement of dues to the provinces and the rest of the ministries."

He added, "The file of the benefits of the Kurdistan region, the exchange rate of the dollar and the privatization of state assets represent 3 files that have not yet been settled and impede the process of resolving the budget law so far."

Al-Khalidi indicated that "the option of resolving the vote on the budget without an agreement with Kurdistan is possible if there are no results for the ongoing dialogues now."

The 2021 budget law is still facing great complications in light of the divergence of opinions regarding important files, most notably Kurdistan's entitlements and the obligations that must be initiated by the federal government. Finished 25 F.

[yota691]

Baghdad's disagreements with Erbil obstruct the vote, and "Saireon" calls for justice

Thursday 11 February 2021 502

 

 Baghdad: Hoda Al-Azzawi and Hazem Muhammad Habib 

 

Members of the House of Representatives warned that not deleting Articles 41 and 42 in the 2021 budget could open the door to manipulation, fraud and corruption in the state's lands.

At a time the Finance Committee in the House of Representatives is still making major amendments regarding the 2021 Budget Law, but the most prominent obstacle to voting on it is the difference between Baghdad and Erbil regarding the region’s share and the payment of what Kurdistan owes to the government 

Central.

The amendments also included reducing the deficit rate and increasing the state’s financial revenues while compressing expenditures and going towards supporting the poor and vulnerable classes in Iraqi society.

Deputy Speaker of Parliament Bashir Al-Haddad told Al-Sabah: “There is a great convergence of views between Baghdad and Erbil, and the region’s delegation’s discussions with the Parliamentary Finance Committee were characterized by frankness, transparency and seriousness,” indicating that “the region has submitted all data, numbers and information to the federal government. A successful and fruitful meeting was held between the Federal Office of Financial Supervision and the Office of Supervision in

 Territory ».

He added, "One of the most important foundations that must be a gateway to finding serious solutions is invoking the constitution by all parties to define obligations and rights, and to continue dialogue and communication with the aim of finding solutions and not aggravating and deepening disagreements with the primacy of the supreme national interest and preserving national consensus and partnerships."

For his part, MP Ali Saadoun explained that “the Sairoun coalition has conditions to participate in the vote on the budget, which is that it be a fair budget that does not oppress others at the expense of another, and that wealth is distributed fairly and equally among the children of The people ».

[ametad]

1 hour ago, yota691 said:

,"The file of the benefits of the Kurdistan region, the exchange rate of the dollar and the privatization of state assets represent 3 files that have not yet been settled and impede the process of resolving the budget law so far."

 

That sums it up.

[yota691]

PUKmedia reveals when to vote for the 2021 budget

---

 

12/2/2021 15:32:00

 

 

       

PUKmedia announces the date for voting on the 2021 budget

 

The Parliamentary Finance Committee confirmed that next week will witness the vote on the draft federal budget law for the year 2021, confirming continuing to discuss the articles of the draft law.

Representative Shirwan Mirza, a member of the Parliamentary Finance Committee, said during a special statement to PUKmedia : Next week will witness the vote on the draft federal budget law for 2021 after the completion of discussion of most of the budget articles.

He added: There are some simple matters that the Finance Committee will complete in addition to the issue of the Kurdistan Region’s share of the budget, indicating that the next few days will witness the deduction of the Kurdistan Region’s share.

He explained: There is flexibility on the part of the political parties towards the issue of the Kurdistan Region’s share of the budget, and I envision that there will be a joint agreement during the coming days to deduct the Kurdistan Region’s share from the federal budget for the year 2021.

The negotiating delegation of the Kurdistan Regional Government headed by Qubad Talabani, Vice President of the Kurdistan Regional Government, made several visits to Baghdad and held a series of meetings with officials in the federal government and Parliament to discuss the Kurdistan Region’s share of the federal budget for the year 2021.

[yota691]

Representative Economy: The vote on the budget law in the middle of next week

 

Representative Mayada Al-Najjar

money and business Economy News _ Baghdad The Parliamentary Economy and Investment Committee confirmed, on Friday, that the vote on the budget law is in the middle of next week. Committee member Mayada al-Najjar said in an interview with the Iraqi News Agency and followed by "Al-Eqtisad News", that "the atmosphere so far is positive for voting on the draft general budget law," noting that "after the meetings that lasted for more than a month on the draft budget law, the content was agreed upon and not Remaining other than the share of the Kurdistan region and some tables. " He pointed to "the possibility of presenting the law for a vote and passing it next week, on Monday or Tuesday." The Parliamentary Finance Committee had announced earlier, the most prominent aspects of its meeting with Prime Minister Mustafa Al-Kazemi and the ministers. In a statement received by Al-Eqtisad News, the committee stated that it “rewrote the budget strategy according to a comprehensive economic vision after what came from the government with a financial vision only, and it also handed over a copy of the amendments it had made to the government’s budget.” She added that "the pressure of expenditures and the maximization of revenues were scientifically studied and came after a meeting with most of the government ministers and holding more than 302 hosting of various state institutions." The Committee pointed out that " the meeting also included the support of the private sector and take bold steps to deal with it and support industrial and agricultural banks and real estate to achieve comprehensive development in these sectors", as well as the exchange of views between the legislative and executive out branches unified vision of what is in the public interest. " The Committee noted during the statement That it "will directly supervise the implementation of the budget to ensure the implementation of its vision." And she continued, "Thinking outside the fund and with technical economic dimensions to transform ministries from consumers who burden the public treasury to producers," she said.

Number of observations 237   Date of addendum 02/12/2021

[yota691]

A parliamentary committee announces the vote on the Iraqi budget law in the middle of next week

Iraqi Parliament

 February 12, 2021 12:22 PM

 

Mubasher: The Parliamentary Economy and Investment Committee confirmed, in the Iraqi Council of Representatives, that the vote on the budget law is in the middle of next week.

Committee member Mayada al-Najjar said in a statement to the Iraqi News Agency (INA), today, Friday, that "the atmosphere so far is positive for voting on the draft general budget law."

Al-Najjar pointed out that "after the meetings that lasted for more than a month on the draft budget law, it was agreed on the content, leaving nothing but the share of the Kurdistan region and some tables."

The committee member indicated that the law could be presented for a vote and passed next week on Monday or Tuesday.

The Parliamentary Finance Committee had announced earlier, the most prominent aspects of its meeting with Prime Minister Mustafa Al-Kazemi and the ministers.

The committee stated in a statement that it had rewritten the budget strategy according to a comprehensive economic vision after what came from the government with a financial vision only, and it also handed over a copy of the amendments it had made to the government’s budget.

She added, "The pressure of expenditures and the maximization of revenues was scientifically studied and came after a meeting with most of the government ministers and holding more than 302 hosting of various state institutions."

"The meeting also included supporting the private sector and taking bold steps to address it and support industrial, agricultural and real estate banks to achieve comprehensive development in these sectors," as well as exchanging views between the legislative and executive authorities to come up with a unified vision in the public interest.

The committee indicated during the statement that it "will directly supervise the implementation of the budget to ensure the implementation of its vision."

And she continued, "Thinking outside the box and with technical economic dimensions to transform ministries from consumers who burden the public treasury to producers," her approach would be.

[yota691]

Deputy: Forming a government committee in the Council of Ministers to consider budget amendments that exceeded 80%

15:55 - 11/02/2021

 

  

Information / Special ...

The deputy for the Alliance of Saeroun Riyadh Al-Masoudi announced, on Thursday, the formation of a government committee in the Council of Ministers to consider the budget submitted by Parliament after its amendment, indicating that the percentage of changes exceeded 80%.

Al-Masoudi said to / the information / that "the Council of Ministers formed a governmental committee of ministers and the advanced staff in Finance and Financial Control and the General Secretariat to consider the changes made by the Financial Committee."

He added that "the rate of change in the budget exceeded 80%," noting that "the council is waiting for her return from the government to know its views on the amendments."

Al-Masoudi explained that "the budget after its return will return to the Finance and Legal Committee to consider the government's recent remarks on it and to make the final touches before submitting it to the presidency and determining the voting session on it."

The House of Representatives announced, this week, that the draft budget will be sent to the government to consider the amendments that have been made to it.

[yota691]

The parliamentary call calls for reducing the dollar exchange rate and including this in the budget

Sweeteners

12-02-2021 | 10:53

 

 

408 views

 

The head of the parliamentary Dawa Party bloc, Khalaf Abd al-Samad Khalaf, called today, Friday, to reduce the exchange rate of the dollar and to include this in the draft federal budget law.

Abdul Samad said in a tweet on Twitter that Alsumaria News followed: "With the rise in the price of oil, we stand by the popular calls to reduce the exchange rate of the dollar and include this in the budget to be the duty of implementation. We affirm that the citizen's economic level is a red line that cannot be crossed."

 

 

 

[yota691]

Representative Economy: The budget vote this week

Saturday February 13th, 2021 89

 

 Baghdad: Conscious

 

The Parliamentary Economic and Investment Committee confirmed that the vote on the budget law will take place in the middle of this week, while members of the House of Representatives called for a vote on the budget and passing it by the political majority in case the problems related to the Kurdistan region's share persist.

Committee member Mayada al-Najjar said in an interview with the Iraqi News Agency (INA): “The atmosphere so far is positive for the vote on the draft general budget law,” noting that “after the meetings that lasted for more than a month on the draft budget law, the content was agreed upon and there was nothing left but The share of the Kurdistan region and some tables », and indicated« the possibility of presenting the law for a vote and passing it this week on Monday or Tuesday ».

In addition, the deputy from the State of Law coalition, Abdul Ilah Al-Naeli, said: “There is agreement between parliament and the government to proceed with the presentation of the 2021 budget bill to vote this week,” indicating that “the government and the parliament are in agreement on many items.”

[yota691]

Representatives: Articles in the budget allow the acquisition of state land

Thursday 11 February 2021 216

 

 Baghdad: Hoda Al-Azzawi and Hazem Muhammad Habib 

 

Members of the House of Representatives warned that not deleting two articles in the 2021 budget could open the door to tampering, forgery and corruption on state lands, while they emphasized that articles 41 and 42 of the draft budget law allow the sale of state-owned agricultural lands to those who have the right to dispose of them. Discussions are continuing on the 2021 budget law, but the most prominent obstacle to voting on it is the difference between Baghdad and Erbil regarding the Kurdistan region’s share of the budget, and the payment of what Kurdistan owes to the central government.

And the Finance Committee in the House of Representatives made "major amendments" to the draft law, which included reducing the deficit rate and increasing the state's financial revenues while compressing expenditures and going towards supporting the poor and vulnerable classes of Iraqi society.

Deputy Speaker Bashir Al-Haddad told Al-Sabah: “There is a great convergence of views between Baghdad and Erbil, and the region’s delegation’s discussions with the Parliamentary Finance Committee were characterized by frankness, transparency and seriousness,” indicating that “the region provided all data, numbers and information to the federal government. A successful and fruitful meeting was held between the Federal Office of Financial Supervision and the Supervision Bureau in the region.

He added that "one of the most important foundations that should be a gateway to finding serious solutions is invoking the constitution by all parties to define obligations and rights, and to continue dialogue and communication with the aim of finding solutions and not aggravating and deepening differences with the primacy of the supreme national interest and preserving national consensus and partnerships."

For his part, MP Ali Saadoun explained that "the bill has many problems that complicate the process of passing it, which is the disagreement regarding the clauses and paragraphs of wages, contracts and lecturers."

He added that "the most prominent obstacle is the difference between Baghdad and Erbil regarding the share of the Kurdistan region in the budget, and the payment of what Kurdistan owes to the central government."

He indicated that "the Sairoun coalition has conditions to participate in the vote on the budget, which is that it be a fair budget that does not oppress any province at the expense of the other, and that wealth be distributed fairly and equally among the people."

The budget included two articles (41 and 42) that allow the sale of state-owned agricultural lands to those who have the right to dispose of them. 

Hazem Al-Khalidi, head of the government program, said: “The 2021 draft budget included disastrous paragraphs, including articles (41-42),” noting that “these articles included the transfer of state ownership for the benefit of a limited number of political influencers and professionals in the acquisition of public money.” 

He added, "These materials lead to the analysis that there is a plan to strip the state and the Iraqi people of their public property and the sources of their wealth and strategic infrastructure and convert them into private ownership."

In this regard, the head of the Parliamentary Committee for Agriculture, Water and Marshlands, Salam Al-Shammari, believes that "these paragraphs affect the prestige of the state. Therefore, we asked members of the Finance Committee to delete these paragraphs in order to preserve state property and not tamper with agricultural lands." 

He pointed out that "these paragraphs will make agricultural lands vulnerable to corruption and spoilers, so we will not allow the sale of agricultural lands. These paragraphs cannot be passed inside the parliament and that the lands remain as they are in order to preserve public money and not tamper with the state's public property."

[yota691]

Parliament issues a detailed statement on the financial budget bill

Thursday 11, February 2021 09:50 | Economical Views: 817

Baghdad / NINA / The Parliamentary Media Department issued a detailed statement on the draft Federal Budget Law for 2021.

The Parliamentary Media Department stated in a statement received by the Iraqi National News Agency / NINA / a copy of it: “The economic and political situation was not normal at all when the Finance Committee received a draft The budget law on 1/10/2021, which is considered the largest in the history of the budgets of the Iraqi state, has imposed the Corona pandemic on the whole world, and even the most powerful economic systems, its conditions for a health disaster, which was followed by a stifling economic and financial crisis, of which Iraq was not, of course, spared. The borrowing limit to pay his employees' salaries.

She added: "The government is supposed to take into account the criticality of the situation and the size of the crisis when preparing the budget, so that it has an economic dimension and contains real development and reform plans to avoid the country and the people falling into such crises in the future, or at least it contains some of the (white) reform paper. Which was adopted by the government and was welcomed by the political circles in all its various aspects. Rather, it was a rich and large-scale budget that was heavily borrowed, whether internally or externally, in which no consideration was given to the risks of these steps and their consequences for future generations in Iraq.

And she continued: "All of this and more made the Finance Committee in an unenviable position, between dealing with a deficit of 44% and internal borrowing that reached 47 trillion dinars from the Central Bank, as well as an angry street waiting impatiently to provide the simplest services, job opportunities and a decent life. Parliamentary finance should not take upon itself the responsibility of correcting the course, rewriting the budget strategy, and taking crucial decisions and rapid, urgent and comprehensive reform measures that put the Iraqi state on the right economic path.

According to the statement, the Finance Committee put all these challenges on the table of its meetings to start a marathon that extended to 45 meetings at a rate of 500 working hours, hosting most of the government ministers, more than 300 government officials and all governors, studying hundreds of statements and tables extensively, and listened in lengthy meetings with the Bureau of Financial Supervision to Detailed reports, as well as holding seminars with academics, economists, trade unions and specialists in the private sector, to be able to reduce the deficit to 19% only and maintain the currency reserves in the central bank from the risk of borrowing and include materials that stimulate the national economy and support agricultural, industrial and real estate banks to advance those sectors that will guarantee Creating thousands of jobs. "

The statement pointed out to "reducing spending and reducing the deficit in the narrowest limits and enabling the committee to raise the investment budget that was chaotic and unclear, as the committee took a decision to allocate funds for stalled and stalled projects in the governorates, allocating 400 billion dinars to build the large Faw port and doubling the allocation of petrodollars to (one trillion). For oil-producing provinces, increasing allocations for developing regions, and providing allocations for the construction of Mosul airport, rehabilitating the entrances to the capital, Baghdad, and the Badaa water project in Basra.

Regarding the file of the relationship between the federal government and the Kurdistan Regional Government, the statement clarified: “The Finance Committee dealt with the issue in a technical and professional manner far from the political dimension, as it was able for the first time to combine the two federal and regional financial oversight offices and study all the data and hosted the Minister of Oil more than Once, which enabled it to lay down many options that guarantee the rights of the Iraqi people in a just and satisfactory manner. "

[yota691]

Parliamentary Finance favors the vote on the budget on Tuesday after deducting the region’s share within 48 hours

14:36 - 02/13/2021

 

  

Information / Special ...

On Saturday, the Parliamentary Finance Committee suggested passing the budget next Tuesday after resolving the dispute over the region’s share within the next 48 hours and fixing it in the budget.

A member of the Parliamentary Finance Committee, Ahmed Hama, said to / the information / that "all the articles and paragraphs of the budget have been decided, except for the region’s share, which the Shiite blocs objected to and has not yet been resolved."

He added that "the dialogues are continuing within parliament and it is hoped to reach a final agreement within the next 48 hours," noting that "if it is resolved, it is likely that the budget will be passed next Tuesday."

Hama explained that "the government did not record any observations on the region’s share and the objection within the Shiite blocs."

[yota691]

Deputy for Muthanna: The 2021 budget has underestimated the right of the province

10:45 - 13/02/2021

 

  

The information / Baghdad ..
The MP for Al-Muthanna Governorate Uday Al-Shaalan Abu Al-Jon confirmed on Saturday that the 2021 budget “underestimated” the province’s right in terms of financial allocations.
Abu Al-Joun said in a statement to / Al-Maalouma /, that "the allocations of Muthanna Governorate in the 2021 budget are very few compared to the rate of poverty and unemployment in it," indicating that "Muthanna Governorate is one of the poor governorates as it does not have any resources, border ports or airports."
He added, "There are calls for the governorate's representatives to increase the financial allocations for Muthanna Governorate to lift it out of poverty and unemployment," noting that "the budget will be presented during the current week for a vote."
And on the fate of the ongoing dialogues regarding the budget, Abu El-Jon confirmed that "discussions are still ongoing regarding financial allocations and expenditures."
MP Mansour Al-Baiji said, on Friday, that passing the budget by a political majority is the only solution to end the dispute over it, calling on the parliament presidency to set a date for the voting session on the budget law. Ended / 25 h

[yota691]

Al-Halbousi: We have taken important steps to address the economic crisis, and we will pass the budget law

 

Photo: 

5 hours ago

1554 Views

The Speaker of Parliament, Muhammad al-Halbousi, confirmed, on Saturday, that the parliament refused to deduct the salaries of employees so as not to add another concern to citizens, while indicating that terrorism and corruption are the last of the state building project .

This came in a speech he delivered during the memorial ceremony to commemorate the “Iraqi martyr’s day,” where Al-Halbousi said, “The economic decline will undermine efforts to build the state,” indicating that “it is necessary to stand up to violations of the rights of citizens because of the escaped weapon.

"We still have a lot to achieve the ambitions that were delayed due to what we faced from a fierce terrorist attack on one side and corruption on the other hand, until our efforts faltered, the promising state project was delayed, services retreated to an unreasonable extent, and reconstruction projects were delayed and a lot of time, effort and money was wasted. ".

He added, "The time has come to support the national forces to get Iraq out of its ordeal, to achieve the reform project represented by getting rid of the remnants of terrorism and corruption, and to achieve the prestige of the state by restricting weapons, preventing the escaped weapon to ensure the security of citizens and the political process and not to interfere in the election results, and to limit its power in the hands of the state." To confront terrorism and organized crime, and to enhance the capabilities of our security and military forces . "

Al-Halbousi explained, "These days are considered a watershed and important in the history of the political process, and we are preparing to hold early elections that will establish a new phase, and today we bear responsibility for the challenges of the difficult economic situation that is going through us, which threatens the future of development in Iraq, and even threatens the citizen's livelihood."

He pointed out that, "Parliament rejected all the deductions proposed in the draft budget by the citizen, in order not to add a new concern to his accumulated concerns, as it is not possible to overlook the suffering of the displaced and the fate of the absentees, and the need to stand on the violations that citizens are subjected to here and there as a result of the uncontrolled weapon that began. Constitutes a worrying phenomenon for the citizen and the state. "

And that "the impact of the economic decline will not be limited to the livelihood aspect of the citizen only, but will undermine - if its deterioration continues - all the efforts that were made in the past stage of building the state", pointing out that "the work of the House of Representatives from the beginning of its session through the stage of demanding demonstrations that the people called for." In an approach that is not easy, our steps were balanced between what the citizen aspires to and what the constitutional and legal frameworks require.

 

[yota691]

DO YOU PASS THE BUDGET WITHOUT THE SHARE OF KURDISTAN? THE FINANCIAL COMMITTEE REVEALS THE DEVELOPMENTS OF THE BAGHDAD AND ERBIL TALKS

Saturday, February 13, 2021 1:16 PM

 

 

Private / National News Center

Today, Saturday, the Finance Committee in the House of Representatives revealed the developments in the discussions in Baghdad and Erbil regarding the share of Kurdistan in the federal budget for the fiscal year 2021.

The reporter of the committee, Ahmed Al-Saffar, said in a special statement to the "National News Center", "The Finance Committee has completed all the amendments and developed a number of new proposals, leaving only one or two tables left to complete them."

Al-Saffar added, "The problem of the Kurdistan region’s share of the federal budget still exists, but dialogue is still ongoing between the region’s delegation and the political forces to reach an agreement on a satisfactory solution."

He continued, saying, "I think solutions will be found within the next two days."

Pointing out, "There is an implicit agreement between the two parties on the amount of oil and costs, and work is underway to prepare a formulation that satisfies all parties."
Al-Saffar expressed his hope for "reaching solutions without proceeding to approve the budget without the Kurdish share."

[yota691]

Iraq: The Budget Law Enacted Will Reveal The Start Of Implementation Of The Chinese Agreement

On February 13, 2021

 

Advisor to the Iraqi Prime Minister Mazhar Muhammad Salih  said that the legislation of the budget law will reveal the start of implementation of the Chinese agreement.

 

Saleh added to the Iraqi News Agency (INA) today, Saturday, that project funds in the framework agreement with China are stabilized through the credit facilities provided by the Chinese side to the investment projects contracted, according to the same agreement, in the interest of Iraq, especially when oil revenues are low and Iraq's share in The same Iraqi-Chinese fund.

 

He added, "There are two positive indicators for the work of this agreement, which extends for about 20 years. The first is to place allocations in the federal general budget 2021 on the government investment side and about two billion dollars in favor of the agreement and its projects."

The advisor to the prime minister pointed out that "the second indicator, announced a good intention to implement 2000 model schools according to the Iraqi-Chinese agreement."

Saleh pointed out that "the legislation of the federal budget law for the year 2021 will disclose the start of implementation of the agreement and the resumption of work with it."

 

[ronscarpa]

The parliamentary Dawa party bloc calls for reducing the dollar exchange rate and including this in the draft federal budget law

 

Nina News Agency - Friday 12, February 2021 @ 17:23
 
Baghdad / NINA / The head of the parliamentary Dawa party bloc, Khalaf Abdul Samad Khalaf, called for reducing the dollar exchange rate and including this in the draft federal budget law.

Abdul Samad said in a tweet to him on Twitter: "With the rise in the price of oil, we stand by the popular calls to reduce the exchange rate of the dollar and include this in the budget to be applicable, and we affirm that the citizen's economic level is a red line that cannot be crossed." / End 7

LINK: https://ninanews.com/Website/News/Details?Key=887401

[ronscarpa]

Iraqi official: Legislating the budget law will reveal the start of implementation of the Chinese agreement

 

Advisor to the Iraqi Prime Minister - Mazhar Muhammad Saleh

 February 13, 2021 12:37 PM

 

Mubasher: Advisor to the Iraqi Prime Minister Mazhar Muhammad Salih confirmed today, Saturday, that the budget legislation enacted will reveal the start of the implementation of the Chinese agreement.

Saleh told the Iraqi News Agency (INA), that project financing in the framework agreement with China is stabilized through the credit facilities provided by the Chinese side to the investment projects contracted, according to the same agreement, in the interest of Iraq, especially when oil revenues are low and Iraq's share in the Iraqi fund is low. The same chinese.

He added, "There are two positive indicators for the work of this agreement, which extends for about 20 years. The first is to place allocations in the federal general budget 2021 on the government investment side and about two billion dollars in favor of the agreement and its projects.

The advisor to the prime minister pointed out that "the second indicator, announced a good intention to implement 2000 model schools according to the Iraqi-Chinese agreement."

Saleh pointed out that "the legislation of the federal budget law for the year 2021 will disclose the start of implementation of the agreement and the resumption of work with it."

The Prime Minister’s Adviser for Financial Affairs, Mazhar Muhammad Salih, had previously confirmed to the Iraqi News Agency (INA): "The Iraqi-Chinese agreement is still in effect and extends to twenty years."

He pointed out that "the Iraqi sovereign funds accumulated in favor of the agreement, may have amounted to about one billion dollars since the implementation of it in mid-October of last year."

 

LINK: https://www.mubasher.info/news/3762427/مسؤول-عراقي-تشريع-قانون-الموازنة-سيفصح-عن-بدء-تطبيق-الاتفاقية-الصينية/

[yota691]

Parliamentary Finance: 48 crucial hours for budget voting

Sunday 14th February 2021 63

 

  Baghdad: Muhammad Al-Ansari

 

Yesterday, Saturday, the Parliamentary Finance Committee suggested passing the budget the day after tomorrow, Tuesday, after resolving the dispute over the region's share within the next 48 hours and fixing it in the budget.

Committee member Ahmed Hama said: “All the budget articles and paragraphs have been decided, except for the region’s share that the Shiite blocs objected to and has not yet been resolved.” "If it is resolved, the budget will likely be passed on Tuesday."

Hama explained that «the government did not record any observations on the region’s share, and the objection within the Shiite blocs.

In addition, Advisor to the Prime Minister Mazhar Muhammad Salih confirmed that the budget law legislation will reveal the start of implementation of the Chinese agreement.

Salih told the Iraqi News Agency (INA): “Project financing in the framework of cooperation agreement with China is stabilized through credit facilities provided by the Chinese side to contracted investment projects, according to the same agreement in the interest of Iraq, especially when oil revenues are low and Iraq's share in the fund is low. The same Iraqi Chinese ».

He added, “There are two positive indicators for the work of this agreement, which extends for about 20 years; The first is that allocations have been made in the federal general budget 2021 on the government investment side by about two billion dollars in favor of the agreement and its projects, ”noting that« the second indicator, is that a good intention has been announced to implement 2000 model schools according to the Iraqi-Chinese agreement.

Saleh pointed out that «the legislation of the federal budget law for the year 2021 will disclose the start of implementation of the agreement and the resumption of work with it».

[yota691]

Parliamentary Finance / NINA /: The Presidency of Parliament sets the date for the session to vote on the budget after agreeing on the region’s share

Saturday 13 February 2021 18:08 | Political Views: 420

Baghdad / NINA / The Parliamentary Finance Committee revealed the date of the final voting session on the draft Federal Budget Law 2021, confirming the continuation of negotiations on determining the Kurdistan Region’s share of the budget.



A member of the committee, Deputy Ikhlas Al-Dulaimi, stated, in a statement to the Iraqi National News Agency / NINA /, that "the timing of passing the draft general budget bill in the voting session in front of parliament depends on resolving the region’s share during the next two days' meetings and fixing its final form in the original budget."


She explained that "the largest part of the amendments and proposals of the draft general budget bill 2021 has become completely disqualified and final formulations have been made, except for the region's share, which will be the focus of recent meetings.


She added, "The Presidency of the Council of Representatives is the one who determines the date of the final voting session on the draft general budget bill, and the meetings of the members of the Parliamentary Finance Committee are still continuing at the guest house," indicating that "when the Finance Committee ends its meetings by agreeing on the region's share, the final draft will be drawn up with its latest amendments." It was handed over to the Presidency of Parliament and presented to the leaders of the political blocs, so that the date of the voting session will be fixed soon. "/ End 5

[yota691]

“The region's actual share in the 2021 budget, according to 12.67%,” .. !!

---

 

13/2/2021 16:24:00

 

 

       

“The region's actual share in the 2021 budget, according to 12.67%,” .. !!

Everyone in Iraq is aware of the nature of the discussions taking place now about the draft Iraqi budget for 2021 in one form or another, and everyone looks at its provisions according to his interests that stem from his economic and political background, so there are those who support or oppose its provisions, and there are those who prefer to reformulate them .. To the last of the opinions about it.

And the most intense discussions regarding this budget are related to the region’s share in the draft budget, according to what came from the government to parliament, at a rate (12.67% ؜) in return for handing over the region to Baghdad daily, and imports of (250 thousand barrels) from the sale of oil The source is in addition to (half) the customs imports from the border crossings.

Although we are almost convinced that the aforementioned percentage will not be approved by the parliamentary majority, this paragraph has become the subject of debate, discussion and exaggeration among a large number of respected members of Parliament, whether intentionally or unintentionally, or it may be for electoral, political or other purposes. Which, apparently, created a public opinion among some respected Iraqi citizens in the central and southern governorates, from which it is understood that the governorates of the region, according to the above-mentioned paragraph, acquire a greater share of the budget compared to the rest of the other governorates, so the parliamentary majority affiliated with the political blocs It insists on not agreeing to this paragraph, but rather trying to amend it by imposing harsher conditions on the region's share of the 2021 budget, which may be unconstitutional and unfair to the region and its citizens.

In any case ...... and if things went well ...... we found it necessary, according to our humble discretion, to show public opinion the region's share (actual or real) and as approved by the government in the draft general budget And before imposing unrealistic and stricter conditions on the region’s share by the parliamentary majority, and in order for the Iraqi public opinion to acquaint itself with this sensitive question regarding the nature of the relationship between the regional government and the federal government, we decided to clarify the matter through the following points: -

First - If we assume that Parliament will approve the (proposal) of the Finance Committee to reduce the size of the budget from (164 to 127 trillion dinars), then the following will result:

1- The region’s share of (12.67%) of the general budget is usually determined after (subtracting) the amount of (sovereign and ruling expenditures) from the general budget.

2- By reviewing the amount of sovereign and ruling expenditures that were estimated in the general budget in previous years, they constitute annually a percentage of not less than (30%) of the size of the general budget, and according to this percentage, their total is estimated at (127 in 30% ؜) = Approximately 38 trillion dinars,

Second - After subtracting the total sovereign and ruling expenditures estimated above at (38 trillion dinars) from the total public budget assumed according to the Parliament's proposal of (127 trillion), the amount of the budget remains up to (89 trillion dinars) according to which the region’s share is determined, as follows:

1- The region’s assumed share according to the assumed general budget is (89 in 12.67% ؜) = approximately 11.3 trillion dinars.

2- But according to the draft general budget law 20211, the region’s share is calculated from (actual public expenditures) and not from (assumed or estimated public expenditures) in the draft law.

2- As it is known, since 2005 until now, the federal government has not been able, and at best, to implement (actually spend) more than a percentage (70%) of the total estimated public expenditures.

4- And according to the above assumptions, the amount of (non-actual public expenditures) that is not implemented for the year 2021 by the federal government will reach (89 in 30% ؜) = 27 trillion dinars, while the amount of (actual public expenditures) will reach (62 trillion) And according to which the actual share of the region is calculated at (12.67%).

In sum ... even if Parliament ratifies the paragraph approved by the government regarding allocating the region's percentage of (12.67%) in the 2021 draft budget, the real share of the region is (62 in 12.67% ؜ 8 trillion Approx. JD.

In conclusion ..... if the above-mentioned assumptions are fulfilled, the (actual share) of the region constitutes (6.3%) of the budget, not a percentage (12.67% ؜), and the region will receive under it up to (8 trillion dinars) of its share Four governorates of the region have up to 6 million people, and all this is achieved if the region delivered imports of 250 thousand barrels of oil from the source region per day and half of its imports from the border crossings of Baghdad.

And the final question ..... What will happen to the region and to the nature of the relationship between the two governments if the parliamentary majority imposes conditions that are tougher than the government’s conditions on the region in the budget ... !! ???.

I leave the rest to the Iraqi public opinion, hopefully ...... Regards ....

 

 

Dr.. Aras Hussain Dartach 

[ronscarpa]

14 minutes ago, yota691 said:

Parliamentary Finance / NINA /: The Presidency of Parliament sets the date for the session to vote on the budget after agreeing on the region’s share                 The Parliamentary Finance Committee revealed the date of the final voting session on the draft Federal Budget Law 2021, confirming the continuation of negotiations on determining the Kurdistan Region’s share of the budget...during the next two days' meetings and fixing its final form in the original budget."
...when the Finance Committee ends its meetings by agreeing on the region's share, the final draft will be drawn up with its latest amendments....and handed over to the Presidency of Parliament and presented to the leaders of the political blocs, so that the date of the voting session will be fixed.

 

Thanks yota691 ... let's hope they "get it done" quickly ... RON