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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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Representative economy: more than 90% of the budget items have been decided and will pass by the majority if Baghdad and Erbil do not agree Feb 23, 2021 Today, Tuesday, the Parliame

Thanks tigergorzow...Later on I will look for related article that this is in reference to what the above article this guy is referring to, and GM everyone...

Yota, Truly appreciate all that you bring to the Site and us DV Members gives you👍👍👍👍👍.   GO HCL   GO RV & RI

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

272202111407Capture.PNG

 

Photo: 

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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3 minutes ago, DoD said:

The voting on the budget is a stall until the HCL is fully agreed on an voted into law is my guess...I’m thinking it won’t be long until we know if this is the case or not.


Certainly hope you’re right.....feeling a tad cranky and short tempered this morning with these monkeys.

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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 . 

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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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