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

[6ly410]

KRG reaches budget agreement with Council of Representatives’ Finance Committee, claims KRG representative

Flags of Iraq and the Kurdistan Region (File)

11 Hours ago

https://nrttv.com/En/News.aspx?id=26591&MapID=1#NRTnews

 

SULAIMANI — Representative of the Kurdistan Regional Government (KRG) in Baghdad Fars Esa said on Sunday (February 28) that the KRG’s negotiators has reached an agreement with the Council of Representatives’ Finance Committee about the 2021 federal budget.

Esa told NRT reporter Hersh Qadir that the timing of a visit to Baghdad by a KRG delegation to seal the deal depends on when the Council of Representatives decides to meet to vote on the draft 2021 Federal Budget Law.

If the vote is scheduled for this coming Thursday, the delegation will travel on Tuesday.

Esa did not give details about the agreement and whether it differs in any way from previous reported agreements.

He said that the KRG is committed to the agreement, but warned that a number of political parties from the other ethno-sectarian blocs were trying to increase pressure on Erbil at the last minute.

(NRT Digital Media)

 

 

[yota691]

The appearance of Muhammad Salih: The oil price difference bridges the budget deficit

Monday 01st March 2021 107

 

 Baghdad: Shaima Rasheed

 

The economic advisor to the prime minister, Mazhar Muhammad Salih, explained that the difference in the price of a barrel of oil in the budget goes to fill the deficit, and the government may not need to borrow, indicating that developing a supplementary budget remains as needed. 

the government.

Saleh said in an interview with Al-Sabah: “The budget was built on a deficit, meaning that the expenditures are more, and there can be borrowing, but the difference in the price of a barrel of oil today closes the deficit, so there is no need to borrow, that is, the surplus replaces 

Borrowings ».

He added, "This difference in the price of a barrel of oil closes the deficit in the budget, and the government may not need to borrow," noting that "this does not mean that there is no final borrowing, but the difference is compensated, and there may be a surplus, and this depends on the stability of prices."

Oil ». And on the existence of a complementary budget, Saleh explained that “creating a supplementary budget is not necessary, but it remains according to the government's need and the extent of the revenue strength, and does it have important deferred projects that need a budget?

Supplementary ».

[yota691]

Budget controversy: disagreement over items ... and a date for passing
The Iraqi future / Adel Al-Lami   The head of the Parliamentary Economic and Investment Committee revealed 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, and while disagreements are still ongoing regarding some items, "The Iraqi Future" publishes the most important paragraphs that concern the lives of citizens. The head of the Parliamentary Economic and Investment Committee, Representative Ahmed Salim Al-Kinani, said in a statement that Al-Mustaqbal Al-Iraqi received a copy, that «the current year 2021 budget is nearing completion after the Finance Committee completed the amendment of some paragraphs and proposals and it was sent to the government side and reviewed. The head of the Parliamentary Economic and Investment Committee affirmed that "it is hoped that parliament will vote on the budget at the end of this week." In turn, the Parliamentary Martyrs, Victims and Political Prisoners Committee 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. The committee’s statement stated that “some media outlets have published the most important paragraphs that have been added to the draft Federal Maronite Law for the year 2021”.  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 the 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. Despite the financial committee, it responded by adding paragraphs in the budget law to different 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. Texts ». The committee affirmed its call to the Parliamentary Finance Committee to include the paragraphs that were provided to them by our committee, which concern the families of martyrs, prisoners, detainees, detainees, political dismissed persons, victims of terrorism and all those affected included in transitional justice laws. Otherwise, the committee will refrain from voting for the federal budget law for violating the procedures and legal contexts in discussing proposals. Submitted by our committee, as well as the selectivity in the inclusion of paragraphs into the budget law, which is almost understood by the apparent intent to deprive these segments of their legal rights. In addition, Al-Mustaqbal Al-Iraqi publishes the most prominent articles and paragraphs that were 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 that were 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 the 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. The head of the Parliamentary Economic and Investment Committee, MP Ahmed Salim Al-Kinani, announced yesterday, 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. Al-Kinani said in a statement that the Euphrates News bloc received a copy of, that «the current year 2021 budget is nearing completion after the Finance Committee completed the amendment of some paragraphs and proposals and it was sent to the government side and reviewed. The head of the Parliamentary Economic and Investment Committee affirmed that "it is hoped that parliament will vote on the budget at the end of this week."
Number of views 213   Date of addendum 01/03/2021

[yota691]

Representative Economy: To vote on the budget at the end of this week

 

money and business Economy News _ Baghdad The head of the Parliamentary Economic and Investment Committee, Ahmed Salim Al-Kinani, revealed, on Monday, that there is an intention to pass the budget at the end of this week after completing the amendments and proposals on its paragraphs. Al-Kinani said in a press interview, "The current year 2021 budget is nearing completion after the Finance Committee completed amending some paragraphs and proposals, and they were sent to the government side and reviewed." The head of the Parliamentary Economic and Investment Committee confirmed that "it is hoped that the parliament will vote on the budget at the end of this week."

Number of observations 189   Date of addendum 03/01/2021

[yota691]

Al-Kazemi's financial advisor: The oil price difference bridges the budget deficit

•  Time: 03/2021/01 08:14:38
•  
•  Read: 5,083 times

  

{Baghdad: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, explained that the difference in the price of a barrel of oil in the budget goes to fill the deficit, and the government may not need to borrow, indicating that the development of a supplementary budget remains according to the government's need.

Saleh said in a press interview, that "the budget was built on a deficit, meaning that the expenditures are more, and there can be borrowing, but the difference in the price of a barrel of oil today closes the deficit, so there is no need for borrowing, that is, the surplus replaces borrowings."
He added, "This difference in the price of a barrel of oil closes the budget deficit, and the government may not need to borrow," noting that "this does not mean that there is no final borrowing, but the difference is compensated, and there may be a surplus, and this depends on the stability of prices Oil. " 
And on the existence of a supplementary budget, Saleh indicated that "creating a supplementary budget is not a necessity, but it remains according to the government's need and the extent of revenue strength, and does it have important projects that are deferred that need a supplementary budget."

Hussein Hatem

[md11fr8dawg]

22 minutes ago, yota691 said:

and a date for passing

Yeah, they have a date alright, with Emma the Camel or Garrett the Goat!!!

[md11fr8dawg]

22 hours ago, rvmydinar said:

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.

Hey cut them some slack!! They need these breaks to rest their arms from throw all those shoes at each other!!!

[rvmydinar]

1 hour ago, md11fr8dawg said:

Hey cut them some slack!! They need these breaks to rest their arms from throw all those shoes at each other!!!

That is absolutely right. LOL.

[rvmydinar]

23 hours ago, GreedyDinar07 said:

if it were up to me I would bomb the whole damn Country! 

Then, the rv is going to take even a longer time ( like 50 years or more to start building the country again ) or never rv forever.

[6ly410]

Parliamentary Finance announces the completion of all budget law articles

Political | 05:16 - 01/03/2021

 

https://www.mawazin.net/Details.aspx?jimare=143789

 

BAGHDAD - Mawazine News
The Parliamentary Finance Committee announced, on Monday, that it has completed all the articles of the Federal Budget Law for the fiscal year 2021.
The Media Department of Parliament stated, in a statement received by Mawazine News, a copy of it, that “The Finance Committee is headed by Representative Haitham Al-Jubouri, Chairman of the Committee, and the presence of Members, it held a meeting in which it discussed a number of topics on its agenda.
The statement added, "The committee concluded, during its meeting, which was held at its headquarters, its discussions regarding the third amendment to the Law of the Accountants and Auditors Syndicate and raising it to a vote, in order to keep pace with the development in the professions of accounting and internal auditing, and for its importance in preserving public funds and being an element of fighting corruption, and to organize work Those who practice the profession and organize the election process for members of the Bar’s board of directors and members of the control and monitoring committees.
The Finance Committee stated, according to the statement, "its position regarding the draft federal budget bill for 2021," stressing that it "has completed all the articles of the law and has delivered a letter to the Presidency of the Council of Representatives since 2/15/2021 for the purpose of setting a date for voting on it

[Laid Back]

I believe they are intentionally delaying the 2021 Budget.

 

Go Budget 2021

Go HCL 

Go delete of the 000

Go RV

[Longtimelurker]

6 minutes ago, Laid Back said:

I believe they are intentionally delaying the 2021 Budget.

 

Go Budget 2021

Go HCL 

Go delete of the 000

Go RV

I would have to assume they have a date set and it will all come together right at the end.

[6ly410]

 

2021/03/01 17:42

Parliamentary Finance: The 2021 budget will be passed by consensus of the political blocs

 

http://almasalah.com/ar/news/206467/المالية-النيابية-موازنة-2021-ستمرر-بتوافق-الكتل-السياسية

 

Baghdad / Al-Masalla: The Parliamentary Finance Committee clarified, on Monday, March 1, 2021, that the 2021 budget will be passed in agreement with all political blocs.

Committee member Naji Al-Saeedi said in a press statement, "The vote on the budget will be at the end of this week," noting that "the budget will not be passed without consensus."

He added, "The budget will pass in agreement with all political blocs, including the Kurdish blocs," ruling out "voting on the budget by the majority."

Al-Saeidy added, "If there had been a majority vote, negotiations would not have continued and the approval of the budget would have been delayed until this moment."

Follow the obelisk

[Laid Back]

30 minutes ago, Longtimelurker said:

I would have to assume they have a date set and it will all come together right at the end.

Totally agree with you.!

Close to end of March... jmho

[Jaygo]

2 minutes ago, Laid Back said:

Totally agree with you.!

Close to end of March... jmho

Happy April Fools Day!!!! 😂 That would be a BAD April Fools Day joke!!! 😭

[DoD]

1 hour ago, Laid Back said:

I believe they are intentionally delaying the 2021 Budget.

 

Go Budget 2021

Go HCL 

Go delete of the 000

Go RV

Ya think...

[DWS112]

Tomorrow ... a meeting in Parliament regarding necessary laws, including the budget

March 1, 2021

 

 Parliament Speaker Muhammad al-Halbousi set a date for tomorrow, Tuesday, for the Presidency of Parliament to meet with the heads of political forces regarding the necessary laws.

Al-Halbousi's office said in a statement that Alsumaria News obtained a copy of, that "the Speaker of the House of Representatives announced the determination of tomorrow for a meeting of the Presidency of the Council with the heads of political forces on the necessary laws in the corridors of the Council."

He pointed out that "among those laws is the Budget Law to expedite its approval, in addition to the Federal Court Law."

Edited March 1, 2021 by DWS112

[patrick50]

Expedite as in urgent, It seems the language they have been using this last week and the start of this one. Gives one some hope that they have a deadline to meet and I hope they do. Go RVVV

[luvalife]

2 hours ago, Laid Back said:

I believe they are intentionally delaying the 2021 Budget.

 

Go Budget 2021

Go HCL 

Go delete of the 000

Go RV

Agreed !00% Laid Back... I've been around long enough to see that what they are doing is different than the last 10+ years...that they are delaying for a reason. I honestly believe it's done and they are waiting for other things to take place. (possibly at the same time)  Not sure what those "other things" are but it is all going to come together at the same time.  Way too much going on world wide for this not to happen for the Iraqi People and it's investors (us).  I just PRAY that the time is NOW!  "Suddenly" as LGD says on a Daily basis!  I feel in my bones that BIG changes are coming World Wide....FOR THE BETTER of ALL Humanity!!!  Buckle up!  

 

My Disclaimer: this is Just an opinion... no Prophetic Word form God... at least I don't think so!..... hmmmm....

 

[JonnyV]

2 hours ago, Laid Back said:

I believe they are intentionally delaying the 2021 Budget.

 

Go Budget 2021

Go HCL 

Go delete of the 000

Go RV

 

It's the Turds I mean Kurds

[6ly410]

The Financial Committee resolves the issue of the dollar exchange rate

Posted 4 hours ago

https://iraqakhbar.com/2941966

News source / NR TV

News source / NR TV

On Monday, Financial Committee reporter Ahmed Al-Saffar denied the possibility of changing the value of the dollar’s exchange rate by returning it to its previous price or reducing it to 1,200 or 1,300 dinars.

Al-Saffar said in a press interview followed by RT Arabia, today (March 1, 2021), that  “the Central Bank is the only authority that has the absolute authority to change the exchange rate of the dollar and supervise the monetary system and determine the monetary mass and monetary policy. The central bank is absolutely an independent agency.

He added that "what is rumored here and there regarding the presence of representative movement, does not fall within the professional policy of the work of the central bank, it is not the right of the House of Representatives to change the exchange rate

[6ly410]

Parliament's finance rapporteur ends speculation that the exchange rate would be restored to 1,200 dinars to the dollar

Posted 4 hours ago

https://iraqakhbar.com/2941966

News source / Baghdad today

News source / Baghdad today

Baghdad today - Baghdad

The reporter of the Finance Committee, Ahmed Al-Saffar, on Monday (March 01, 2021), resolved the controversy regarding the possibility of changing the value of the dollar’s exchange and returning it to the previous price after announcing representative moves to amend it and return it to the price of 1300 or 1200 as it was the previous price.

Al-Saffar said in an interview with (Baghdad Today), “The Central Bank is the only authority that has the absolute authority to change the exchange rate of the dollar and supervise the monetary system and determine the monetary mass and monetary policy, and from this standpoint it is not permissible to interfere with the policy of the Central Bank at all because it is an independent party. “.

He added that "what is rumored here and there regarding the presence of representative movement, does not fall within the professional policy of the work of the central bank, it is not the right of the House of Representatives to change the exchange rate."

Al-Saffar said 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 issue 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

[6ly410]

---

 

http://non14.net/public/134225

On Monday, Financial Committee reporter Ahmed Al-Saffar denied the possibility of changing the value of the dollar’s exchange rate by returning it to its previous price or reducing it to 1,200 or 1,300 dinars.

Al-Saffar said in a press interview followed by Noon News Agency for the day (March 1, 2021), that "the Central Bank is the only authority that has the absolute authority to change the exchange rate of the dollar and supervise the monetary system and determine the monetary mass and monetary policy, and from this point of view it is not permissible to interfere with the policy of the Central Bank." Absolutely being an independent body. "

He added that "what is rumored here and there regarding the presence of a representative movement, does not fall within the professional policy of the work of the Central Bank, so the House of Representatives has no right to change the exchange rate

[DinarDavo]

5 minutes ago, 6ly410 said:

The reporter of the Finance Committee, Ahmed Al-Saffar, on Monday (March 01, 2021), resolved the controversy regarding the possibility of changing the value of the dollar’s exchange and returning it to the previous price after announcing representative moves to amend it and return it to the price of 1300 or 1200 as it was the previous price.

 

Not exactly the "glory days" .....

[horsesoldier]

Better be smoke ... if not, they revert to 1200 or 1300 & Whoa that’s the Big deal ??? .... who’s gonna take these goons seriously