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


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 2021-02-27 06:41
 

Shafaq News / On Saturday, the National Approach Parliamentary Bloc renewed its demands to reduce the exchange rate of the dollar after the recovery of oil prices in the global market and the removal of the justifications for the fiscal deficit in the 2921 budget.

 

The representative of the bloc and a member of the Parliamentary Economy and Investment Committee, Mazen Al-Faili, told Shafaq News, "The Ministry of Finance and the Central Bank have adopted solutions to address the financial deficit crisis and reform the Iraqi economy by raising the dollar exchange rate, which is positive if alternatives are available and solutions that generate negative repercussions for plans to raise the price Dollar. "

 

He added, "The rise in the exchange rate of the dollar has negatively affected the fragile local economy and the living reality of the citizen from the classes of employees, earnings and the general joints of life," stressing, "restoring the previously approved exchange rate after the decline in the purchasing value of the salaries of employees in the country."

 

"The rise in oil prices to 66-67 dollars per barrel removed the arguments and justifications for raising the price of the dollar and the budget deficit that the Finance Ministry seeks to address," Al-Faili said, referring to the "rise in the price of a barrel of oil approved in the 2021 budget to more than 25 dollars."  

 

The decision of the Ministry of Finance last December to raise the dollar exchange rate to more than 1450 Iraqi dinars sparked public and official discontent, amid warnings of living consequences that affect the earning class and those with limited income in society.

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The national approach presents proposals to amend the budget, including the dollar exchange and threatening

272202111407Capture.PNG

 

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3 hours ago

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The National Approach bloc announced its condition for making fundamental amendments to the 2021 budget, threatening to boycott the vote.

And the bloc announced in a press conference, that it "requires the following fundamental amendments to be made to the 2021 budget, otherwise boycotting the vote on it, and we hold others responsible and the consequences of it economically and socially:"

1- Restoring the exchange rate to what it was previously, as the damages of this decision became clear early, and the Finance Committee suggested allocating (500) billion dinars in compensation to contractors contracting with the government for the price difference, and the first is to notice the harm to millions of Iraqis who are poor and included in the social welfare network and those with limited income And all of these damages necessitate the return of the exchange rate to what it was previously .

2- That the deficit does not exceed 3% of the GDP .

3- Expanding the titles of sovereign expenditures to include (the Ministry of Oil, Transport and Water Resources, and the inclusion of the security and defense sector in all its ministries and institutions, as well as the emergency reserve).

4- Abolishing Article (38) which permits the privatization of all productive and service sectors of the state and permits the participation of investors and contractors in the ownership of oil and gas fields, power stations, Iraqi Airways aircraft and government banks .

5- Abolishing Article (47) that permits the sale of the state’s financial assets, including industrial, infrastructure, and others .

6- Abolishing Articles (41 and 42) that allow the sale of state-owned agricultural lands to those with the right to dispose of them at a value much less than its actual value and will create widespread social conflicts.

7- We reject the proposal to withhold the ration card for a family whose monthly income is one million dinars, and we demand that it be increased to include withholding only those whose monthly income exceeds two million dinars .

5- We present the proposal of the approach block on the articles of the region ...

A- Abolishing the first paragraph of Article (11) that calculates the dues of the Kurdistan region for the previous years from 2014 to 2019 despite the fact that it did not deliver oil and non-oil revenues .

B - Paragraph II - A of Article (11) is amended to be (the region is obligated to deliver 460,000 barrels per day to the SOMO company, and in the event that its production exceeds this amount, it is obligated to deliver it also to the Iraqi Oil Marketing Company (SOMO).

C - Adding Article Seven of the Current Deficit Financing Law (determining the Kurdistan region’s share of the total actual spending (current expenditures and investment project expenditures) after excluding the sovereign expenditures specified in the Federal Budget Law of the Republic of Iraq for the fiscal year 2021 (and adding the expenditures of the Ministry of Oil, the Ministry of Transport and the Ministry of Resources) Water and the inclusion of the security and defense sector in all its ministries and institutions to be included in the sovereign expenditures as well as the contingency reserve) on the condition that the Kurdistan region is committed to handing over (460) thousand barrels per day to the Iraqi Oil Marketing Company (SOMO) exclusively, as well as deliver Mazad on those quantities and all non-oil revenues of the federal and in case Failure to comply with the region, expenses may not be paid to the region, and the violator of this provision bears legal responsibility).

D- Paragraph III (a, b, and c) which obliges the federal authorities to pay the region’s loans and financial obligations that it entered into in the years (2014 to 2019) shall be canceled.

E - Article (11 - third) - to be reformulated (the region is obligated to pay the loans owed to the Iraqi Trade Bank).

9- Obliging the mobile phone companies to pay their fines and financial obligations within thirty days, otherwise the license is withdrawn from them .

10 - Reviewing contracts for mobile phone companies in order to achieve the lifting of unfairness from the Iraqi state and achieve the highest economic benefit for it .

11- Canceling the oil licensing rounds and replacing them with a formula that achieves the highest benefit to the Iraqi state and eliminates previous injustice .

12- Abolishing the salary deduction for public employees and increasing the tax on senior officials, special ranks, general managers and those of their grade .

13- Amending Article 57 of the Budget to oblige the government to publish budget execution instructions in the Official Gazette .

14- Rejection of the additive that allows the re-export of imported goods, as an exception to the customs law controls mentioned in Article 149 thereof .

15- Rejection of the added article that obliges the Ministry of Finance to transfer funds to the districts of the governorates departed from their ministries, while not asking the governorate to provide analytical tables that represent a necessity in monitoring the health of the exchange and not tampering with its doors !!

16- Rejection of the article that allows governorates to contract with developers because they will witness secondary speculation on the one hand, and through these projects it is intended to charge the citizen the cost of constructing health services, electricity, water and sewage systems to increase the profits of the developers (investors) !!!

17- It is imperative to exclude those covered by the social protection network and those with limited income from the condition that his transactions are not promoted in state departments because he does not pay collection bills .

18- We refuse to hold residents of residential neighborhoods responsible for the cost of providing them with the electrical network, and we demand that implementation be limited to state public companies .

19- To oblige the Ministry of Electricity to review investment contracts for electricity production stations in a manner that guarantees the lifting of unfairness from the Iraqi state.

20- We reject the secondment of public sector employees to collection companies from the private sector .

21- We oppose the proposal of the Financial Committee to reduce the percentage of public companies' capital reserves, because it would weaken their productive activities and turn them into losing companies in the near future and lay off tens of thousands of their employees .

22- We refuse to include mixed sector companies with exemption from customs duties for raw materials and all materials imported from neighboring countries. This exemption is limited to productive public sector companies .

23- We refuse to transfer allocations for building schools from the Ministry of Education to the General Secretariat of the Council of Ministers .

24- We reject the proposal of the Ministry of Health to contract with private sector companies to run newly constructed hospitals .

25- We refuse to authorize the Federal Ministers of Finance and Planning to add amounts for contracts for licensing rounds that have been transferred to foreign oil companies in kind .

26- We require that the controls for disbursing the amounts of the emergency reserve be specified in the budget law and not in instructions .

27- We refuse to authorize the Minister of Finance to issue sovereign guarantees mentioned in the borrowing articles .

28- We oppose the continuation of foreign loans as they have far-reaching effects on the country's sovereignty and economy .

29- We refuse to add allocations for the purpose of amortizing advances for previous years unless audited by the Office of Financial Supervision and approved by Parliament .

30- The proposal to stop financing public companies that do not present their budget during the first half of the fiscal year is incorrect, and the accounting is supposed to exempt the president and board of directors of the lagging company .

31- We warn against the selective application that obliges the Ministry of Finance to make accounting entries for cross-border debts between the public and private sectors, and favoring some politically influential investors .

32- We reject the additive article that requires rescheduling the payment of installments to those who have purchased state property from officials, and it is okay to include the average citizen in rescheduling and exemption from late fines .

33- We reject the additive article that grants complete exemption from late fines for loans and advances if the borrower is responsible and it is okay to include the general public with this exemption .

34- We reject the additive article that requires the Ministry of Education to invite the private sector to implement printing of textbooks, and we suggest restricting it to public state companies only .

35- We reject some unnecessary borrowing clauses, including the one billion dollars American loan that did not clarify the projects allocated to it, as well as loans in the amount of (550) million euros to finance the electricity sector, and a loan of (2.5) billion dollars for the suspended train project and the Ministry of Culture and Defense, especially since the Finance Committee suggested deleting them. Then she returned to take them back

36- We reject the implementation of future projects for the oil-producing governorates by handing over oil to foreign companies because it violates the constitution in oil management and opens up decentralization in oil management in a way that threatens the country's economic and political unity .

37- A loan for the Badaa tube project at a total cost of (4) trillion dinars, which is a huge amount in comparison to this project, noting that the technical authority in the Ministry of Water Resources proposed an alternative project to treat the damaged part of the Bada'a canal at an amount not exceeding (500) billion dinars only .

38- Scheduling the external debts and postponing the payment of the internal ones .

39- Reducing embassies and consulates according to realistic need .

40- Change the word alcoholic beverages tax to a fine, as it is contrary to the constitution and the law.

 

H

 

 

The National Approach bloc requires fundamental amendments to the 2021 budget, otherwise the vote on it is boycotted
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National Approach Bloc

The press conference of the "National Approach" bloc, in which it stipulated making more than 40 substantial amendments to the 2021 Budget Law, while threatening to boycott the vote on the law otherwise.

 
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The information / Baghdad ..

A member of the House of Representatives, Siham al-Moussawi, revealed, on Saturday, the reason for the delay in approving the federal budget, indicating that the final understanding on the share of Kurdistan is the most prominent obstacle.

Moussawi said in a statement to / the information /, that "oil revenues and the commitment of Erbil regarding the agreement on the budget and the payment of debts of foreign oil companies operating in Kurdistan are the most prominent points of current disagreements on the budget."

And she added that, "until the moment, there is no understanding on fixing the share of Kurdistan, and differences are still going on between the Parliamentary Finance Committee and the regional government," indicating that "the parliament has categorically refused to pay the federal government debt to Erbil oil companies as well as external loans to the region."

It is noteworthy that the Finance Committee in the House of Representatives announced earlier that it had completed an almost final draft of the 2021 budget, which raises a number of problems and objections. End / 25 D.

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9 minutes ago, yota691 said:

The national approach presents proposals to amend the budget, including the dollar exchange and threatening

272202111407Capture.PNG

 

Photo: 

3 hours ago

3169 Views

The National Approach bloc announced its condition for making fundamental amendments to the 2021 budget, threatening to boycott the vote.

And the bloc announced in a press conference, that it "requires the following fundamental amendments to be made to the 2021 budget, otherwise boycotting the vote on it, and we hold others responsible and the consequences of it economically and socially:"

1- Restoring the exchange rate to what it was previously, as the damages of this decision became clear early, and the Finance Committee suggested allocating (500) billion dinars in compensation to contractors contracting with the government for the price difference, and the first is to notice the harm to millions of Iraqis who are poor and included in the social welfare network and those with limited income And all of these damages necessitate the return of the exchange rate to what it was previously .

2- That the deficit does not exceed 3% of the GDP .

3- Expanding the titles of sovereign expenditures to include (the Ministry of Oil, Transport and Water Resources, and the inclusion of the security and defense sector in all its ministries and institutions, as well as the emergency reserve).

4- Abolishing Article (38) which permits the privatization of all productive and service sectors of the state and permits the participation of investors and contractors in the ownership of oil and gas fields, power stations, Iraqi Airways aircraft and government banks .

5- Abolishing Article (47) that permits the sale of the state’s financial assets, including industrial, infrastructure, and others .

6- Abolishing Articles (41 and 42) that allow the sale of state-owned agricultural lands to those with the right to dispose of them at a value much less than its actual value and will create widespread social conflicts.

7- We reject the proposal to withhold the ration card for a family whose monthly income is one million dinars, and we demand that it be increased to include withholding only those whose monthly income exceeds two million dinars .

5- We present the proposal of the approach block on the articles of the region ...

A- Abolishing the first paragraph of Article (11) that calculates the dues of the Kurdistan region for the previous years from 2014 to 2019 despite the fact that it did not deliver oil and non-oil revenues .

B - Paragraph II - A of Article (11) is amended to be (the region is obligated to deliver 460,000 barrels per day to the SOMO company, and in the event that its production exceeds this amount, it is obligated to deliver it also to the Iraqi Oil Marketing Company (SOMO).

C - Adding Article Seven of the Current Deficit Financing Law (determining the Kurdistan region’s share of the total actual spending (current expenditures and investment project expenditures) after excluding the sovereign expenditures specified in the Federal Budget Law of the Republic of Iraq for the fiscal year 2021 (and adding the expenditures of the Ministry of Oil, the Ministry of Transport and the Ministry of Resources) Water and the inclusion of the security and defense sector in all its ministries and institutions to be included in the sovereign expenditures as well as the contingency reserve) on the condition that the Kurdistan region is committed to handing over (460) thousand barrels per day to the Iraqi Oil Marketing Company (SOMO) exclusively, as well as deliver Mazad on those quantities and all non-oil revenues of the federal and in case Failure to comply with the region, expenses may not be paid to the region, and the violator of this provision bears legal responsibility).

D- Paragraph III (a, b, and c) which obliges the federal authorities to pay the region’s loans and financial obligations that it entered into in the years (2014 to 2019) shall be canceled.

E - Article (11 - third) - to be reformulated (the region is obligated to pay the loans owed to the Iraqi Trade Bank).

9- Obliging the mobile phone companies to pay their fines and financial obligations within thirty days, otherwise the license is withdrawn from them .

10 - Reviewing contracts for mobile phone companies in order to achieve the lifting of unfairness from the Iraqi state and achieve the highest economic benefit for it .

11- Canceling the oil licensing rounds and replacing them with a formula that achieves the highest benefit to the Iraqi state and eliminates previous injustice .

12- Abolishing the salary deduction for public employees and increasing the tax on senior officials, special ranks, general managers and those of their grade .

13- Amending Article 57 of the Budget to oblige the government to publish budget execution instructions in the Official Gazette .

14- Rejection of the additive that allows the re-export of imported goods, as an exception to the customs law controls mentioned in Article 149 thereof .

15- Rejection of the added article that obliges the Ministry of Finance to transfer funds to the districts of the governorates departed from their ministries, while not asking the governorate to provide analytical tables that represent a necessity in monitoring the health of the exchange and not tampering with its doors !!

16- Rejection of the article that allows governorates to contract with developers because they will witness secondary speculation on the one hand, and through these projects it is intended to charge the citizen the cost of constructing health services, electricity, water and sewage systems to increase the profits of the developers (investors) !!!

17- It is imperative to exclude those covered by the social protection network and those with limited income from the condition that his transactions are not promoted in state departments because he does not pay collection bills .

18- We refuse to hold residents of residential neighborhoods responsible for the cost of providing them with the electrical network, and we demand that implementation be limited to state public companies .

19- To oblige the Ministry of Electricity to review investment contracts for electricity production stations in a manner that guarantees the lifting of unfairness from the Iraqi state.

20- We reject the secondment of public sector employees to collection companies from the private sector .

21- We oppose the proposal of the Financial Committee to reduce the percentage of public companies' capital reserves, because it would weaken their productive activities and turn them into losing companies in the near future and lay off tens of thousands of their employees .

22- We refuse to include mixed sector companies with exemption from customs duties for raw materials and all materials imported from neighboring countries. This exemption is limited to productive public sector companies .

23- We refuse to transfer allocations for building schools from the Ministry of Education to the General Secretariat of the Council of Ministers .

24- We reject the proposal of the Ministry of Health to contract with private sector companies to run newly constructed hospitals .

25- We refuse to authorize the Federal Ministers of Finance and Planning to add amounts for contracts for licensing rounds that have been transferred to foreign oil companies in kind .

26- We require that the controls for disbursing the amounts of the emergency reserve be specified in the budget law and not in instructions .

27- We refuse to authorize the Minister of Finance to issue sovereign guarantees mentioned in the borrowing articles .

28- We oppose the continuation of foreign loans as they have far-reaching effects on the country's sovereignty and economy .

29- We refuse to add allocations for the purpose of amortizing advances for previous years unless audited by the Office of Financial Supervision and approved by Parliament .

30- The proposal to stop financing public companies that do not present their budget during the first half of the fiscal year is incorrect, and the accounting is supposed to exempt the president and board of directors of the lagging company .

31- We warn against the selective application that obliges the Ministry of Finance to make accounting entries for cross-border debts between the public and private sectors, and favoring some politically influential investors .

32- We reject the additive article that requires rescheduling the payment of installments to those who have purchased state property from officials, and it is okay to include the average citizen in rescheduling and exemption from late fines .

33- We reject the additive article that grants complete exemption from late fines for loans and advances if the borrower is responsible and it is okay to include the general public with this exemption .

34- We reject the additive article that requires the Ministry of Education to invite the private sector to implement printing of textbooks, and we suggest restricting it to public state companies only .

35- We reject some unnecessary borrowing clauses, including the one billion dollars American loan that did not clarify the projects allocated to it, as well as loans in the amount of (550) million euros to finance the electricity sector, and a loan of (2.5) billion dollars for the suspended train project and the Ministry of Culture and Defense, especially since the Finance Committee suggested deleting them. Then she returned to take them back

36- We reject the implementation of future projects for the oil-producing governorates by handing over oil to foreign companies because it violates the constitution in oil management and opens up decentralization in oil management in a way that threatens the country's economic and political unity .

37- A loan for the Badaa tube project at a total cost of (4) trillion dinars, which is a huge amount in comparison to this project, noting that the technical authority in the Ministry of Water Resources proposed an alternative project to treat the damaged part of the Bada'a canal at an amount not exceeding (500) billion dinars only .

38- Scheduling the external debts and postponing the payment of the internal ones .

39- Reducing embassies and consulates according to realistic need .

40- Change the word alcoholic beverages tax to a fine, as it is contrary to the constitution and the law.

 

H

 

 

The National Approach bloc requires fundamental amendments to the 2021 budget, otherwise the vote on it is boycotted
126 views•Premiered 3 hours ago

 


National Approach Bloc

The press conference of the "National Approach" bloc, in which it stipulated making more than 40 substantial amendments to the 2021 Budget Law, while threatening to boycott the vote on the law otherwise.

 

Is that all...

 

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The exchange rate of the dollar ... “a proposed compromise”, and a parliamentary movement to amend it collides with the refusal of two sides

 

 

 

1,250 Economie 02/27/2021 16:06 ht Baghdad today -

Special, a member of the Legal Committee in the House of Representatives, Representative Hussein Al-Oqabi, revealed, on Saturday, the fate of the parliamentary movement regarding changing the exchange rate of the dollar and returning it to the previous price, while he confirmed that most of the parliamentary blocs insist on the survival of the new price.

 

Al-Aqabi said in an interview with (Baghdad Today), "The government and most of the parliamentary blocs, unfortunately, do not want to return the dollar exchange rate to the previous price," indicating that "the continuation of this matter will have consequences and great harm to the Iraqis."

 

He added that "raising the dollar exchange rate has caused great harm to the poor class, but the government and influential parliamentary parties reject the return of the exchange rate to the previous one," noting that "his bloc (the national approach) has a firm position on reviewing the exchange rate and has proposed an intermediate option to reduce the price to 1300 instead." From the new price.

 

" Punitive indicated that "

 

Earlier, the National Approach Parliamentary Bloc presented, today, Saturday (February 27, 2021) 40 amendments to the budget bill for 2021, including the return of the exchange rate to the previous one, indicating not to vote on the bill.

 

In a statement received by (Baghdad Today), the bloc demanded 40 amendments to the 2021 budget bill, as follows:

 

1. Restoring the exchange rate to what it was previously, as the damages of this decision became clear early, and the Finance Committee suggested allocating (500) billion dinars in compensation to contractors contracting with the government for the price difference. And all of these damages necessitate the restoration of the exchange rate to what it was previously.

 

2. That the deficit does not exceed 3% of GDP.

 

3. Expanding the titles of sovereign expenditures to include (the Ministry of Oil, Transport and Water Resources, and the inclusion of the security and defense sector in all its ministries and institutions, as well as the emergency reserve).

 

4. Abolishing Article (38) which permits the privatization of all productive and service sectors of the state and allows the participation of investors and contractors in the ownership of oil and gas fields, power stations, Iraqi Airways aircraft and government banks.

 

5- Abolishing Article (47) which permits the sale of the state’s financial assets, including industrial, infrastructure, and others.

 

6. Abolishing the two articles (41 and 42) that allow the sale of state-owned agricultural lands to those with the right to dispose of them at a value much less than its actual value and will create widespread social conflicts

 

7. We reject the proposal to withhold the ration card for a family whose monthly income reaches one million dinars, and we demand its increase to include blocking only from Her monthly income exceeded two million dinars.

 

8- We present the Al-Nahj block proposal on the articles of the Kurdistan region:

 

A- Abolishing the first paragraph of Article (11) that calculates the dues of the Kurdistan region for the previous years from 2014 to 2019 despite not having delivered the oil and non-oil revenues.

 

B - Paragraph Second - A of Article (11) is amended to be (The region is obligated to deliver 460,000 barrels per day to SOMO, and in the event that its production exceeds this amount, it is obligated to deliver it also to the Iraqi Oil Marketing Company (SOMO).

 

C- Adding Article Seven of the Current Deficit Financing Law (determines the Kurdistan region’s share of the total actual spending (current expenditures and investment project expenditures) after excluding the sovereign expenditures specified in the Federal Budget Law of the Republic of Iraq for the fiscal year 2021) and adding the expenditures of the Ministry of Oil, the Ministry of Transport and the Ministry of Resources Water and the inclusion of the security and defense sector in all its ministries and institutions to be included in the sovereign expenditures as well as the emergency reserve) on the condition that the Kurdistan region commit to handing over (460) thousand barrels per day to the Iraqi Oil Marketing Company (SOMO) exclusively, as well as deliver Mazad on those quantities and all non-oil revenues of the federal and in case Failure to comply with the region, expenses may not be paid to the region, and the violator of this provision bears legal responsibility).

 

D- Paragraph III (a, b, and c) that obliges the federal authorities to pay the region’s loans and financial obligations that it entered into in the years (2014 to 2019) shall be canceled.

 

E - Article (11 - third) - to be reformulated (the region is obligated to pay the loans owed to the Iraqi Trade Bank).

 

9. Obligating the mobile phone companies to pay their fines and financial obligations within thirty days, otherwise the license is withdrawn from them.

 

10. Reviewing contracts for mobile phone companies in order to achieve the lifting of unfairness from the Iraqi state and achieve the highest economic benefit for it.

 

11- Canceling the oil licensing rounds and replacing them with a formula that achieves the highest benefit to the Iraqi state and eliminates previous injustice.

 

12. Abolishing the salary deduction for public employees and increasing the tax for senior officials, special ranks, general managers and those of their grade.

 

13. Amending Article 57 of the Budget to oblige the government to publish budget execution instructions in the official gazette.

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2 hours ago, yota691 said:

The exchange rate of the dollar ... “a proposed compromise”, and a parliamentary movement to amend it collides with the refusal of two sides

 

 

 

1,250 Economie 02/27/2021 16:06 ht Baghdad today -

Special, a member of the Legal Committee in the House of Representatives, Representative Hussein Al-Oqabi, revealed, on Saturday, the fate of the parliamentary movement regarding changing the exchange rate of the dollar and returning it to the previous price, while he confirmed that most of the parliamentary blocs insist on the survival of the new price.

 

Al-Aqabi said in an interview with (Baghdad Today), "The government and most of the parliamentary blocs, unfortunately, do not want to return the dollar exchange rate to the previous price," indicating that "the continuation of this matter will have consequences and great harm to the Iraqis."

 

He added that "raising the dollar exchange rate has caused great harm to the poor class, but the government and influential parliamentary parties reject the return of the exchange rate to the previous one," noting that "his bloc (the national approach) has a firm position on reviewing the exchange rate and has proposed an intermediate option to reduce the price to 1300 instead." From the new price.

 

" Punitive indicated that "

 

Earlier, the National Approach Parliamentary Bloc presented, today, Saturday (February 27, 2021) 40 amendments to the budget bill for 2021, including the return of the exchange rate to the previous one, indicating not to vote on the bill.

 

In a statement received by (Baghdad Today), the bloc demanded 40 amendments to the 2021 budget bill, as follows:

 

1. Restoring the exchange rate to what it was previously, as the damages of this decision became clear early, and the Finance Committee suggested allocating (500) billion dinars in compensation to contractors contracting with the government for the price difference. And all of these damages necessitate the restoration of the exchange rate to what it was previously.

 

2. That the deficit does not exceed 3% of GDP.

 

3. Expanding the titles of sovereign expenditures to include (the Ministry of Oil, Transport and Water Resources, and the inclusion of the security and defense sector in all its ministries and institutions, as well as the emergency reserve).

 

4. Abolishing Article (38) which permits the privatization of all productive and service sectors of the state and allows the participation of investors and contractors in the ownership of oil and gas fields, power stations, Iraqi Airways aircraft and government banks.

 

5- Abolishing Article (47) which permits the sale of the state’s financial assets, including industrial, infrastructure, and others.

 

6. Abolishing the two articles (41 and 42) that allow the sale of state-owned agricultural lands to those with the right to dispose of them at a value much less than its actual value and will create widespread social conflicts

 

7. We reject the proposal to withhold the ration card for a family whose monthly income reaches one million dinars, and we demand its increase to include blocking only from Her monthly income exceeded two million dinars.

 

8- We present the Al-Nahj block proposal on the articles of the Kurdistan region:

 

A- Abolishing the first paragraph of Article (11) that calculates the dues of the Kurdistan region for the previous years from 2014 to 2019 despite not having delivered the oil and non-oil revenues.

 

B - Paragraph Second - A of Article (11) is amended to be (The region is obligated to deliver 460,000 barrels per day to SOMO, and in the event that its production exceeds this amount, it is obligated to deliver it also to the Iraqi Oil Marketing Company (SOMO).

 

C- Adding Article Seven of the Current Deficit Financing Law (determines the Kurdistan region’s share of the total actual spending (current expenditures and investment project expenditures) after excluding the sovereign expenditures specified in the Federal Budget Law of the Republic of Iraq for the fiscal year 2021) and adding the expenditures of the Ministry of Oil, the Ministry of Transport and the Ministry of Resources Water and the inclusion of the security and defense sector in all its ministries and institutions to be included in the sovereign expenditures as well as the emergency reserve) on the condition that the Kurdistan region commit to handing over (460) thousand barrels per day to the Iraqi Oil Marketing Company (SOMO) exclusively, as well as deliver Mazad on those quantities and all non-oil revenues of the federal and in case Failure to comply with the region, expenses may not be paid to the region, and the violator of this provision bears legal responsibility).

 

D- Paragraph III (a, b, and c) that obliges the federal authorities to pay the region’s loans and financial obligations that it entered into in the years (2014 to 2019) shall be canceled.

 

E - Article (11 - third) - to be reformulated (the region is obligated to pay the loans owed to the Iraqi Trade Bank).

 

9. Obligating the mobile phone companies to pay their fines and financial obligations within thirty days, otherwise the license is withdrawn from them.

 

10. Reviewing contracts for mobile phone companies in order to achieve the lifting of unfairness from the Iraqi state and achieve the highest economic benefit for it.

 

11- Canceling the oil licensing rounds and replacing them with a formula that achieves the highest benefit to the Iraqi state and eliminates previous injustice.

 

12. Abolishing the salary deduction for public employees and increasing the tax for senior officials, special ranks, general managers and those of their grade.

 

13. Amending Article 57 of the Budget to oblige the government to publish budget execution instructions in the official gazette.

Great article.....thanks for posting it!....       CL

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The Iraqis should wait ... "frustrating" statements about the budget

Feb 27, 2021

repor.png?resize=696%2C492&ssl=1

 

A member of the Parliamentary Integrity Committee, Alia Nassif, announced today, Saturday, that there is no intention to pass the 2021 budget next week. :facepalm2:


Nassif stated in a press statement that “Parliament will resume its parliamentary sessions next Monday, and it was scheduled to vote on the budget on Tuesday or Thursday, but the article or agreement related to the region has not been presented to the representatives yet, which means that the issue has not been resolved with a delegation. Kurdistan ”.


And she added that "the problems between the center and the region are still continuing to this day, especially after the statement of the former president of the region, Massoud Barzani, who said that transferring all the oil produced to the center is a constitutional violation," noting that "it is difficult for the budget to pass this week in light of the atmosphere that rejects agreements." Leaders of political blocs, which are installed at the expense of the Iraqi citizen and social justice between the provinces.

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AB-SO-FRACKING-LOOTLEY.... by all means, WAIT & argue & throw dirt, doubt, misgivings, fear, sand bagging and anything at all that continues to drag this issue through the muck, mire & weeds.

Well I’m off out, just me & the Pygmy Pony ( Horse is watching Mr. Ed reruns ), to check on my fields of Dental Floss with my trusty set of Zircon encrusted tweezers ( Frank Zappa anyone???) at the ready.

 

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25 minutes ago, dinarham said:

There's too much money committed to Iraq from all over the world ,not only by huge international companies but by foreign countries as well who hold dinar in their reserves . It's too late to back down now . 

 

You are refreshing! Thank you for a response that took thought and a look at the reality on the ground over the past decade, and your comment was not a complaint we have heard a hundred times a day for 10 years and made absolutely no difference in the situation.

 

And your comment is a good reminder of what has taken place with international commitments made by major corporations around the world. Governments make international commitments for security, and open the door for trade opportunities. Corporations and banks make commitments for profit.

 

We wait.

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 money and business


Economy News _ Baghdad

A member of the Parliamentary Legal Committee, MP Hussein Al-Oqabi, confirmed, on Sunday, that the outstanding issues with the region have not been resolved so far and are part of the delay in approving the budget.

Al-Aqabi said in a press interview, that the budget is still in the process of discussions with the government in general, and we are applying various types of pressure to correct its course because there are things that cannot be accepted and passed.

He added that many files could not be passed, especially with regard to selling state assets and privatizing vital sectors and others.

 
 
Number of observations 96   Date of addendum 02/28/2021
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 money and business


Economy News _ Baghdad

Al-Eqtisadiah News publishes the most prominent articles and paragraphs that have been included in the federal budget for the fiscal year 2021 and which it is hoped will be voted on this week.
The following are the most prominent paragraphs included in the 2021 budget:
1- The allocations covered by Resolution 315, contracts and wages of the Ministry of Electricity, administrators, craftsmen, writers, guards, and volunteer service employees, and will be disbursed to those who have not received salaries as soon as the budget is approved. 
2- Allocations of all lecturers, contracts, daily procedures, support staff and holders of higher degrees in ministries and departments.
3- Appropriations of graduates from doctors and health and support professions, including scientists, and their inclusion by appointment within the 68,000 job degrees with their initiation.
4- The inclusion and inclusion of dues with canceled contracts in the Defense, Interior and Popular Mobilization Forces to bring them back to service.
5- Adding allocations and entitlements for the administrative, technical and support staff in the Ministry of Health.
6- Appointing top students and holders of higher degrees.
7 - Transferring holders of bachelor's degrees or higher to civilian staff in the security ministries.
8- Abolition of deductions and income tax on salaries of employees and retirees.
9 - Distribution of plots of land to all segments of society.
10- Grant for journalists, artists and writers.
11 - farmers' dues and support for the industrial sector.
12 - Increasing the number of people covered by the social care network and increasing the amounts granted to them.

 
 
Number of observations 75   Date of addendum 02/28/2021
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  •  Time: 02/27/2021 23:39:26
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  •  Read: 9,100 times
Representative economy reveals the date of approving the budget
  
{Baghdad: Al Furat News} The head of the Parliamentary Economic and Investment Committee, Representative Ahmed Salim Al-Kinani, revealed today, Saturday, that it is hoped to vote on the general budget for the current year 2021, at the end of this week, after completing the amendments and proposals on its paragraphs.

"The budget for the current year 2021 is nearing completion after the Finance Committee completed amending some paragraphs and proposals, and it was sent to the government side and reviewed," Al-Kinani said in a statement.

The head of the Parliamentary Economic and Investment Committee confirmed that "it is hoped that parliament will vote on the budget at the end of this week."

Raghad Daham

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A parliamentary committee threatening to boycott the budget vote: We did not find any of our proposals in it
  
{Baghdad: Al Furat News} The Parliamentary Committee of Martyrs, Victims and Political Prisoners issued today, Sunday, a statement on the Federal Budget Law, indicating that it did not find any of its proposals that it included in the budget.

"Some media outlets published the most important paragraphs that were added to the draft Federal Maronite Law for the year 2021," said the committee’s statement, which was received by Al Furat News. 
And she continued: "We did not find any addition of our committee’s proposals that were sent to the Finance Committee with more than four official letters, in addition to the interventions of members of the Martyrs Committee in this regard."
 It was amazed at the "state of marginalization of the victimized segments of the families of the martyrs, victims and political prisoners, and the attempt to infringe upon their rights guaranteed by the constitution and the laws in force, and despite the Finance Committee, it responded by adding paragraphs in the Budget Law for various segments of our people, which emphasized their entitlement and granted them their rights by including them in legal texts in the budget law for their entitlement to that." Texts. " 
The committee affirmed its call for the Parliamentary Finance Committee to include the paragraphs that were provided to them by our committee and that concern the families of martyrs, prisoners, detainees, detainees, political dismissed persons, victims of terrorism and all those affected included in transitional justice laws. Presented by our committee, as well as the selectivity in the inclusion of paragraphs into the budget law, from which it is almost understood that the apparent intent to deprive these segments of their legal rights. "

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1 hour ago, WheresmyRV? said:

that's on agreeing on taking on more new holidays and vacations. :facepalm:

That is 100% true because a vacation is used as an excuse for them to release from stress in a workplace and in addition  vacation is also paid by the government, not taking from their own pockets. That's why they love taking vacation. And they also like working less hour, less stress, but always demand higher salary. Not to mention the corruption that make them even richer because corruption is easy job, easy to get rich and have a bright future for many generations.

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Well I said they were not going to pass the budget or the HCL. Nothing has change in all of these years except the devalue in the IQD but they are the number one imports of Iranian goods. I hate politicians. Five people have been killed in the protesting and I believe it will get worst and I don’t blame those citizens I just hate to see more casualties. These morons refuse to do the right thing. I hope the people rebel and destroy it all because stalling the budget and HCl at this point is pure insanity. I see why Saddam treated the Shiite like s&$t because they are pieces of S$&t!! This thing is going to implode if these bastards don’t Rv and use their resources for the benefit of their people and Iraq and stop bending over for Iran like a lil b$&Che’s. It is to the point where it is embarrassing and stop blaming Biden for Iraq’s incompetence. He just got in office and I think bombing the Iranian militias was the right thing to do. He’ll, if it were up to me I would bomb the whole damn Country! You guys are gonna learned that politicians are just that ... politicians...so stop putting your trust and hope in them because you will be disappointed every time! Those clowns that stormed the Capital are racking up Federal charges while Trump is in FL playing golf. It’s o.k to disagree but it is not worth jeopardizing your livelihood. There will always be another election in four years but Iraq is a totally different story. It’s either gonna get worst or get better real soon because Iraq is running out of time. Go Rv!!

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Near the Baghdad and Erbil agreement regarding the financial budget


 

28/2/2021 16:17:00

 
 
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Near the Baghdad and Erbil agreement regarding the financial budget

 

The Parliamentary Finance Committee announced that the regional and federal governments are close to agreeing on the draft federal budget law for 2021.

Ahmad Al-Saffar, the reporter of the Parliamentary Finance Committee, said in a press conference: The two sides are very close to an agreement after a series of marathon negotiations, expressing his optimism that the agreement regarding the share of the Kurdistan Region in the financial budget will be close.

He added: A single meeting that details the regional and federal government agreement is likely to reach an agreement this week.

 

PUKmedia translate

 

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  •  
 2021-02-28 14:32
 

Shafaq News / The Al-Fateh Parliamentary Bloc confirmed, on Sunday, the vote on the General Budget Law for 2021, at the end of this week, while indicating that the Kurdistan Region’s share will be decided during the next two days.

Al-Fateh deputy, Fadel Al-Fatlawi, said in an interview with Shafaq News, that "meetings and negotiations are still continuing between the political blocs and the Kurdish delegation to settle the share of the Kurdistan Region in the General Budget Law for 2021."

Al-Fatlawi added, "There are intensive meetings that will take place next Tuesday to resolve the Kurdistan Region’s share in the budget law."

He pointed out that "the vote on the budget for the current year in the House of Representatives, will be at the end of the week, specifically next Thursday."

Last December, Baghdad and Erbil reached an agreement on the financial budget, providing for the region to deliver 250,000 barrels of oil per day, and half of the revenues from border crossings and others to the federal government, in exchange for a share in the budget of 12.6%.

The agreement was included in the draft budget, but Shiite political blocs in Parliament rejected the agreement, which impedes its passage in Parliament until now.

 

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The regional government announces its condition in the budget and reveals the latest results of the negotiations with Baghdad

Posted 5 hours ago
News source / Al Furat News
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Al Furat News
News source / Al Furat News
{Baghdad: Al Furat News} The spokesman for the Kurdistan Regional Government, Guitar Adel:

 

We will not accept any unconstitutional solution imposed on the region.
There are solutions in the fiscal budget for 2021 in a manner that satisfies both parties. They must be applicable and applicable within the framework of the constitution. The 
dialogues are ongoing and the government has full flexibility to reach a consensual constitutional solution. 
There are good understandings, consensus and satisfaction between the two parties. 
Some positions and issues I think during this week it is possible to reach an agreement that satisfies the two parties, and 
there are obligations and debts for the oil companies on the regional government, and Baghdad is aware of this, the SOMO company and the Ministry of Finance that matched the data with the region.
Kurdistan will demand guarantees in the event that the oil is delivered. The
budget is approved without the Kurds. The region will have options and plans and is in the process of preparing its 2021 budget 
We are aware and are convinced that it is imperative to confront problems together and obtain concessions between the two parties in order to reach a satisfactory, constitution-compatible solution to the constitution.
Discussions and dialogues are still ongoing between the two parties and even at the level of political leaderships. 

 

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Parliament Financial Reporter: There is no point in the parliamentary movement to adjust the exchange rate .. Only one party is responsible

Posted 3 hours ago
News source / Baghdad today
1614536955_149640.jpg
Baghdad today
News source / Baghdad today
Baghdad today - Baghdad

The reporter of the Parliamentary Finance Committee, Representative Ahmed Al-Saffar, said today, Sunday (February 28, 2021), that the desired goal of changing the exchange rate of the dollar against the Iraqi dinar has not been achieved, indicating that what is being said about the interference of political forces to restore the exchange rate to what it was Before changing an order outside the powers of the blocs and parliament.

Al-Saffar said, in a televised interview, followed by (Baghdad Today), that “determining the exchange rate is the exclusive jurisdiction of the Central Bank of Iraq and it is not permissible to interfere in the bank’s work.” He went on to say, “We in Parliament do not have the authority to change the exchange rate because it is an executive authority, any government. “.

He stressed that "setting the new exchange rate was based on a government decision and negotiations with the World Bank."

On the results of the devaluation of the currency, Al-Saffar commented by saying that "the direct effects of changing the exchange rate caused inflation in the market and raised prices by 20-25%, because it was assumed that citizens would turn to local goods after the imported goods rose, and this means that the desired goal has not been achieved." .

And he added, "But the problem is that there is no competition that favors local goods until the change in the exchange rate achieves significant local results."

Regarding the existence of a political move to restore the exchange rate of the dollar to before a change decision, the parliamentary finance rapporteur affirmed, "What is said about the intention of political forces to intervene to determine the exchange rate is a conversation outside their powers, because it is exclusively within the government's authority and will not be permitted."

And on the latest developments in the 2021 budget bill, Al-Saffar said, "The Finance Committee has completed its work in amending the budget and has delivered the draft to the Presidency of Parliament, but the committee has no authority to amend the exchange rate within the budget clauses and paragraphs."

Yesterday, Saturday, a member of the Legal Committee in the House of Representatives, Representative Hussein Al-Oqabi, revealed the fate of the parliamentary movement regarding changing the exchange rate of the dollar and returning it to the previous price, while he confirmed that most of the parliamentary blocs insist on the survival of the new price.

Al-Aqabi said in an interview with (Baghdad Today), "The government and most of the parliamentary blocs, unfortunately, do not want to return the dollar exchange rate to the previous price," indicating that "the continuation of this matter will have consequences and great harm to the Iraqis."

He added that "raising the dollar exchange rate has caused great harm to the poor class, but the government and influential parliamentary parties reject the return of the exchange rate to the previous one," noting that "his mass (the national approach) has a firm position on reconsidering the exchange rate and has proposed an intermediate option to reduce the price to 1300 instead." From the new price. ”

 Al-Uqabi indicated that "his mass will boycott the parliament sessions if the government continues to adopt the new exchange rate."

Earlier, the National Approach Parliamentary Bloc presented, today, Saturday (February 27, 2021) 40 amendments to the budget bill for 2021, including the return of the exchange rate to the previous one, indicating not to vote on the bill.

The bloc demanded, in a statement received (Baghdad Today), to make 40 amendments to the 2021 budget bill, as follows:

1. Restoring the exchange rate to what it was previously, as the damages of this decision became clear early, and the Finance Committee suggested allocating (500) billion dinars in compensation to contractors contracting with the government for the difference in price. And all of these damages necessitate the restoration of the exchange rate to what it was previously.

2. That the deficit does not exceed 3% of the GDP.

3. Expanding the titles of sovereign expenditures to include (the Ministry of Oil, Transport and Water Resources, and the inclusion of the security and defense sector in all its ministries and institutions, as well as the contingency reserve).

4. Abolishing Article (38) which permits the privatization of all productive and service sectors of the state and allows the participation of investors and contractors in the ownership of oil and gas fields, power stations, Iraqi Airways aircraft and government banks.

5- Abolishing Article 47 which permits the sale of the state’s financial assets, including industrial, infrastructure, and others.

 6. Abolishing the two articles (42 and 41) that allow the sale of state-owned agricultural lands to the owners of the right to dispose of them at a value much less than its real value and will create widespread social conflicts

7. We reject the proposal to withhold the ration card from a family whose monthly income is one million dinars, and we demand that it be increased to include withholding only those whose monthly income exceeds two million dinars.

8- We present the Al-Nahj block proposal on the articles of the Kurdistan region:

A- Abolishing the first paragraph of Article (11) that calculates the dues of the Kurdistan region for the previous years from 2014 to 2019 despite not having delivered the oil and non-oil revenues.

B - Paragraph Second - A of Article (11) is amended to be (The region is obligated to deliver 460,000 barrels per day to SOMO, and in the event that its production exceeds this amount, it is obligated to deliver it also to the Iraqi Oil Marketing Company (SOMO).

C- Adding Article Seven of the Current Deficit Financing Law (determining the Kurdistan region’s share of the total actual spending (current expenditures and investment project expenditures) after excluding the sovereign expenditures specified in the Federal Budget Law of the Republic of Iraq for the fiscal year 2021) and adding the expenditures of the Ministry of Oil, the Ministry of Transport and the Ministry of Resources Water and the inclusion of the security and defense sector in all its ministries and institutions to be included in the sovereign expenditures as well as the contingency reserve) provided that the Kurdistan region is committed to handing over (460) thousand barrels per day to the Iraqi Oil Marketing Company (SOMO) exclusively, as well as deliver Mazad on those quantities and all non-oil revenues of the federal and in case Failure to comply with the region, it is not permissible to pay the expenses to the region, and the violator of this text bears the legal responsibility).

D- Paragraph III (a, b, and c) that obligates the federal authorities to pay the region’s loans and financial obligations that it entered into in the years (2014 to 2019) shall be canceled.

E - Article (11 - third) - to be reformulated (the region is obligated to pay the loans owed to the Iraqi Trade Bank).

9. Obligating the mobile phone companies to pay their fines and financial obligations within thirty days, otherwise the license is withdrawn from them.

10. Reviewing contracts for mobile phone companies in order to achieve the lifting of unfairness from the Iraqi state and achieve the highest economic benefit for it.

11- Canceling the oil licensing rounds and replacing them with a formula that achieves the highest benefit to the Iraqi state and eliminates previous injustice.

12. Abolishing the salary deduction for public employees and increasing the tax on senior officials, special ranks, general managers and those of their grade.

13. Amending Article 57 of the Budget to oblige the government to publish budget execution instructions in the official gazette

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