Parliamentary Finance resolves the matter: We do not have any authority to change the price of the dollar

[yota691]

 

Parliamentary Finance reveals new details about the obstructive budget law

 

 

•  

 2021-03-29 05:56

 

Shafaq News / The Parliamentary Finance Committee revealed, on Monday, the "main reason" to postpone the vote on the General Budget Law until further notice.

A member of the committee, Muhammad al-Shabaki, told Shafaq News, that "there are four points of disagreement that caused the suspension of the vote on the General Budget Law for 2021 during yesterday's session, most notably some points of contention in Article 11 related to the share of the Kurdistan Region, foreign loans, investment projects and the development of regions."

He added that "the Al-Fateh Alliance objected to new loans amounting to 8 trillion dinars, especially for projects of the Ministry of Electricity, and requested economic feasibility for foreign loans."

Al-Shibaki added that the deputies asked the Minister of Oil, Ihsan Abdul-Jabbar, in his capacity as head of the government energy committee, for a government guarantee to improve electric power during the next summer season.

Al-Shabky pointed out, "the continuation of meetings to resolve differences and resolve disputed issues in the coming hours."

Representative Rizan Sheikh Dleir said that the intentions and conflicts of politicians with the government are an obstacle to passing the budget in Parliament.

In a statement received by Shafaq News, Sheikh Dlir called for the importance of the Iraqi people to know this fact, saying that "the region's share does not constitute an obstacle to passing the budget."

[DoD]

Good morning yota, I can’t help but laugh at these fools. They need to get some different spokespersons from their parliament circus because the ones they presently have are running out of excuses for the delays. 
This clown is now saying the electric grid and loans is the holdup...LMAO 

[yota691]

Member in Parliamentary Finance: Every day, a new node in the budget is expected ... and the date of its approval is expected

•  Time: 03/29/2021 13:10:41
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•  Read: 2,899 times

  

{Economist: Al Furat News} A member of the Parliamentary Finance Committee expected a new date for voting on the fiscal budget bill for 2021.

 

"Unfortunately, every day, a new node appears in the budget," Sherwan Mirza told Al-Furat News, stressing the continuing disagreements over the draft law between the political blocs.

"The budget will be approved this week," he added.

Yesterday, Sunday, the House of Representatives failed again to vote on the 2021 budget despite reports of an agreement on the Kurdistan region’s share.

A representative source told {Euphrates News} that "despite the agreement on the share of the Kurdistan region, which was the budget knot, but the differences moved to other materials such as contracts, job grades, the dollar exchange rate, the displaced, and the reconstruction of devastated areas."

The budget estimates at 128 trillion dinars (about $ 89 billion) against a deficit of 29 trillion dinars.

Forgiveness Al-Khalidi

 

 

[yota691]

Member of Parliamentary Finance: The fate of the budget has become unknown

•  Time: 03/29/2021 10:40:39
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•  Read: 3,952 times

  

{Economical: Al Furat News} A member of the Parliamentary Finance Committee said that the draft federal budget law for 2021 "has become anonymous."

 

Sherwan Mirza said in a press statement, that "the fate of the budget bill has become unknown due to the new differences that have emerged between the parliamentary blocs," indicating that "new disagreements emerged between the parliamentary blocs that caused the budget vote not to take place."

He added, "Some blocs submitted new demands in addition to determining the exchange rate of the dollar and did not reach an agreement between them," noting that "the share of the Kurdistan region has nothing to do with postponing the meeting."

On setting a new date for voting on the budget, Mirza said, "There is no new date for voting on the budget, and the meetings ended yesterday without setting any date for the next session."

Yesterday, Sunday, the House of Representatives failed to hold a voting session on the draft federal budget bill for 2021 due to the continuing disagreements between the blocks.

Forgiveness Al-Khalidi

[yota691]

Cougar: The Difficulty Of Reducing The Price Of The Dollar Against The Iraqi Dinar In The 2021 Budget

On March 29, 2021

 

The Independent / - The Parliamentary Finance Committee confirmed the difficulty of reducing the price of the dollar in the budget.

 

A member of the Parliamentary Finance Committee, Jamal Cougar, said in a press statement by its independent affiliate: “The requests of the political blocs related to the budget are many and large, including reducing the price of the dollar, and this is difficult to verify, given that all the paragraphs of the budget are based on an exchange rate of 145 thousand dinars per 100 dollars, And changing it needs to completely reformulate the budget again. ”

He stressed: “The central bank cannot change the dollar’s exchange rate twice within a two-month period, given that the citizen will lose confidence in the central bank.”

Cougar pointed out: “The change in the exchange rate came from the government and the central bank, and the budget has nothing to do with it, and therefore even if the budget is not approved, the current dollar rate will remain as it is.”

[yota691]

A deputy expects the exchange rate to rise to 1600 dinars due to an expected procedure, of which he spoke about its details

 

 

 

518 Policy 2021/03/29 16:07 ht Baghdad today -

Follow-up , Hamid Al-Mousawi, the deputy of the Al-Fateh Alliance, warned of a major and expected setback that the Iraqi market may suffer in the coming days, while the dollar exchange rate in the market is expected to become 600 dinars against the dollar in the coming period. Al-Mousawi said in a televised statement (Baghdad Today), that "the continued adoption of the price of 1450 for the exchange of the dollar will expose the market to a major setback, due to the loss of consumer confidence in it," indicating that "the coming days will witness a rise in the dollar exchange rate to 1600 dinars against the dollar in case of necessity." To dispose of cash reserves. " "The Iraqi dinar will lose a lot of its value if the government insists on adopting the exchange rate set by the government in the budget law, which is 1450 dinars, and the Iraqi citizen is most affected by this matter," he added. Moussawi added that "the dollar exchange rate will be sold in the coming days at two prices, one set by banks and the other by the market, and this matter will lead to market confusion and increase its prices to more than 30% compared to previous prices." And a member of the Parliamentary Finance Committee, Muhammad al-Shabaki, confirmed yesterday, Sunday (March 28, 2021), that the House of Representatives is obligated to vote on the exchange rate of the dollar approved by the government in the draft budget law for 2021. Al- Shabaki said, to (Baghdad Today), that “Parliament Al-Iraqi is obligated to vote on the exchange rate of the dollar as stated by the government in the draft budget bill, despite the existence of major parliamentary objections to this price, but Parliament does not have the authority to amend, because this matter is done exclusively by the government. And that "the amendment of the exchange rate of the dollar against the Iraqi dinar in the draft budget law, will lead to many amendments to the paragraphs and articles of the law, in addition to that any amendment will be a cause of a high budget deficit."

[3 bucks new rv rate]

15 hours ago, yota691 said:

while the dollar exchange rate in the market is expected to become 600 dinars against the dollar in the coming period. 

600 dinars? 1 usd=600 dinars, then 1 iqd=0.0016 usd? is iqd already rv"ing from 1469 iqd to 699 iqd? did i miss something? or is this juat another error or misprint in the translation? right folks.

[3 bucks new rv rate]

because i am so excited, i didn't realize i am writing the wrong number. it isn't 699, but 600 iqd.

[yota691]

Member of the Iraqi Parliamentary Finance Committee: The General Budget Law is ready for voting in Parliament within the next two days

by Editor Iraq news 2 Hours ago

Magda Al-Tamimi, a member of the Parliamentary Finance Committee, said that the General Budget Law is ready for voting inside the dome of the House of Representatives within the next two days.

In a press statement, Tamimi suggested specifying the presidency of the parliament for the session to vote on the budget at any time after the Finance Committee delivers the draft law to the Presidency of the Council of Representatives.

Al-Tamimi indicated that the boycott of some political blocs for the last voting session was due to their objection to some articles, pointing out that the voting process may not be subject to the individual convictions of the blocs or representatives.

[yota691]

ANNOUNCING A NEW DATE FOR PASSING IT .. PARLIAMENTARY FINANCE: DISRUPTING THE BUDGET “POLITICAL”

Tuesday, 30 March 2021 2:11 PM

 

 

 

Private / National News Center

The Parliamentary Finance Committee confirmed today, Tuesday, that obstructing the passage of the draft federal budget law for the fiscal year 2021 is "political" and not "technical", while it indicated working to hold a session tomorrow, Wednesday, to vote on the law.

A member of the committee, Majed Al-Waeli, said in an exclusive interview with the National News Center, "The main reasons for the delay in voting on the budget is the imposition of electoral requests, and the pursuit of electoral gain for certain and different parties from all the political blocs in Parliament."

Al-Waeli added, “Since the beginning of its work on the budget, the Finance Committee has made sure that it is purely technical, not an electoral budget, and that the state budget is not a budget of political blocs, but in recent days this path has diverted, and the search for electoral gain by a certain bloc began. Forcing the other bloc to search for balance with the first bloc, and accordingly the demands began to increase and the obstacles abound in the way of approving the budget.

He expressed, “I hope that there will be great eagerness on the part of the Presidency of the House of Representatives to hold the session, and to go towards voting on the budget in a technical, not political, manner, and for all deputies to be stripped of the factional tendencies and their presence will be based on their individual personal convictions, as happened in many situations, Consequently, the budget will be voted on, even partially, and many articles will be approved, such as what happened with the Federal Court Act.

Regarding the date of the possible session to vote on the budget, Al-Waili said, "It is possible that tomorrow, Wednesday, a vote on the budget will be held, which is what we are following up with the Presidency of the Council of Representatives."

He expressed his "hope that there will be concessions in front of the obstacles facing the budget and that the vote will take place.

[coorslite21]

13 minutes ago, yota691 said:

ANNOUNCING A NEW DATE FOR PASSING IT .. PARLIAMENTARY FINANCE: DISRUPTING THE BUDGET “POLITICAL”

Tuesday, 30 March 2021 2:11 PM

 

 

 

Private / National News Center

The Parliamentary Finance Committee confirmed today, Tuesday, that obstructing the passage of the draft federal budget law for the fiscal year 2021 is "political" and not "technical", while it indicated working to hold a session tomorrow, Wednesday, to vote on the law.

A member of the committee, Majed Al-Waeli, said in an exclusive interview with the National News Center, "The main reasons for the delay in voting on the budget is the imposition of electoral requests, and the pursuit of electoral gain for certain and different parties from all the political blocs in Parliament."

Al-Waeli added, “Since the beginning of its work on the budget, the Finance Committee has made sure that it is purely technical, not an electoral budget, and that the state budget is not a budget of political blocs, but in recent days this path has diverted, and the search for electoral gain by a certain bloc began. Forcing the other bloc to search for balance with the first bloc, and accordingly the demands began to increase and the obstacles abound in the way of approving the budget.

He expressed, “I hope that there will be great eagerness on the part of the Presidency of the House of Representatives to hold the session, and to go towards voting on the budget in a technical, not political, manner, and for all deputies to be stripped of the factional tendencies and their presence will be based on their individual personal convictions, as happened in many situations, Consequently, the budget will be voted on, even partially, and many articles will be approved, such as what happened with the Federal Court Act.

Regarding the date of the possible session to vote on the budget, Al-Waili said, "It is possible that tomorrow, Wednesday, a vote on the budget will be held, which is what we are following up with the Presidency of the Council of Representatives."

He expressed his "hope that there will be concessions in front of the obstacles facing the budget and that the vote will take place.

Just another brick in the wall.....hopefully a part of a strong foundation....thanks Yota.....😉    CL

[yota691]

Parliamentary Finance announces the readiness of the budget to vote

Wednesday 31st March 2021 114

 

 Baghdad: Muhannad Abdul-Wahhab

 

The Finance Committee in the House of Representatives announced that the budget is ready for voting, and indicated that the deficit in it could be filled by the difference between the price of a barrel of oil at 45 dollars and the official price at which oil is sold at the present time, which is 64 dollars.

Committee reporter Ahmed Al-Saffar told Al-Sabah: “The budget deficit has reached 28 trillion dinars, and it is possible that after the changes that may occur during the consultations on the petro-dollar budget and the provincial shares and regional development, the deficit will exceed 30 trillion dinars. “.

He stressed that "addressing the deficit begins through financial abundance, which is achieved from the difference between the planned price of $ 45 per barrel of oil and the official price at which a barrel of oil is sold of $ 64 per barrel, and from this difference the deficit is financed."

He added that "there are no new loans. Rather, old loans are continuing, and external borrowing has been stopped," noting that "borrowing in the economy is not a bad process." On the financial allocations of the governorates from previous years that were returned to the treasury, he indicated that "the Council voted in Prior to the amendment of the Financial Management Law, the solution to the red tape between the governorates and the Ministry, which led to the inability to disburse financial allocations to the governorates and were returned to the state treasury, and the vote to amend the law dealt with red tape and gave additional powers to governors, and a text was put in place that the allocations could be rotated and transferred to the year After that, on the condition that the project is continuing.

Al-Saffar continued: “The differences over the budget were resolved between the regional government delegation and the federal government, and this agreement was translated into Article 11 of the budget,” indicating that “the Finance Committee voted on all budget articles, and by voting, the opposing votes and the supporting votes will be clear.”

[yota691]

Al-Tamimi talks about the possibility of approving a budget for a period of three years

 

money and business Economy News _ Baghdad A member of the Parliamentary Finance Committee, Magda Al-Tamimi, revealed, on Wednesday, the possibility of approving a budget for a period of three years, while expressing her support for that.     Al-Tamimi said in an interview with the Iraqi News Agency and its affiliate, Al-Eqtisad News, that “the government, according to the Financial Administration Law, has the right to present a short-term budget for a period of three years, and the House of Representatives votes on it in the first year. It is amended for the second and third years and submitted to the House of Representatives for approval and voting. "   She added that "the Finance Committee supports submitting a budget for three years, as the delay that occurs in voting takes three or four months, which affects the overall economic activities and the lives of citizens," noting that "presenting the budget for three years reduces political disputes."

Number of observations 88   Date of addendum 3/31/2021

[yota691]

Before approving the 2021 budget ... the government begins preparing another budget

•  Time: 03/31/2021 13:31:05
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•  Read: 4,251 times

  

{Economist: Al Furat News} A member of the Parliamentary Finance Committee revealed that the government had begun preparing the fiscal budget for 2022.

 

Committee member Jamal Cougar said in a press statement, "The federal government, headed by Mustafa Al-Kazemi, is tasked with preparing the 2022 budget, and a committee has now been formed to prepare the budget bill for the next year."
He added, "If early elections are held on 10/10/2021, we need 45 days to validate their results and assign the largest bloc, and this may take two months and a new parliament and government will come, and this means delaying the 2022 budget."
Cougar stressed that "this government is tasked with preparing the 2022 budget, and if the elections were held on time, it has played its role, and if the elections did not take place, it is the authority of the current government to prepare the budget for next year."
It is noteworthy that the House of Representatives has failed more than once to approve the 2021 budget, and it is hoped that it will vote at the scheduled session today to approve it.
Ammar Al-Masoudi

[yota691]

Parliamentary Finance: Approval of important materials related to salaries and contracts in the budget

•  Time: 03/31/2021 15:44:17
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•  Read: 3,484 times

  

{Local: Al Furat News} The Parliamentary Finance Committee announced the approval of important articles related to retirees and contract holders in the budget bill for 2021.

 

The committee indicated "the approval of the inclusion of the clause calculating the cumulative percentage of 3% instead of 2.5% in the formula for calculating the pension salary for those included in the first amendment of the retirement law for the year 2019."
It also added, "It has also been approved to add a clause to confirm contracts who have a service of ten years and more in all ministries and departments."
It pointed to "the elimination of deductions for salaries and income tax in the budget."

Ammar Al-Masoudi

[yota691]

The Financial Committee: Inclusion of one million beneficiaries for {care salary.

Thursday April 15, 2021 100

 

 Baghdad: Muhannad Abdul-Wahhab

 

 The Parliamentary Finance Committee confirmed the increase in the financial allocations to the Ministry of Labor in the federal budget in order to address the negative effects that affected people with limited income as a result of raising the dollar exchange rate.

Committee member Muhammad al-Shabaki told Al-Sabah: that his committee presented several solutions to address the effects of high food prices as a result of the increase in the dollar’s exchange rate. Al-Shabaki added that the solutions presented by his committee included increasing the allocations of the Ministry of Labor to one trillion and 500 million dinars, which would allow one million beneficiaries to be included in the salary of the social protection network, with the maximum salary being 250,000 dinars. Al-Shabaki indicated that this increase in allocations enables the Ministry of Labor to appoint a thousand social researchers as a contract to determine the segments covered by the unemployed grant, noting that his committee also requested an increase in the price of buying agricultural crops from farmers in the next season. The Minister of Labor and Social Affairs, Adel Al-Rikabi, had confirmed in a previous statement that 400 to 500 thousand beneficiaries would be included in the social protection network subsidies, after the current year’s budget was approved.

[yota691]

Preparations for preparing the 2022 budget and a "supplementary" budget in the middle of this year

Thursday April 15, 2021 112

 

 Baghdad: Shaima Rasheed

 

The government is preparing to prepare the budget for next year 2022, while the Parliamentary Finance Committee noted the possibility of presenting a supplementary budget in the middle of this

The year.

A member of the Finance Committee, Jamal Cougar, told Al-Sabah: “The government formed a committee to prepare the 2022 budget and asked the Finance Committee to nominate representatives for it to be among

The Commission".

He added, "The holding of early elections is what prompted the government to take this step, especially since Parliament must be." 

It resolves itself before the elections date, and this matter requires preparing the budget for next year so that there is no confusion in this regard, ”indicating that“ the next parliament can vote on the 2022 budget if it was prepared by the Al-Kazemi government, ”indicating“ the government's intention to prepare a supplementary budget in the middle of this year and send it. To Parliament with higher prices 

Oil ».

[yota691]

The government is preparing for the 2022 mid-year budget

•  Time: 04/15/2021 4:14:20
•  
•  Read: 2,405 times

  

{Economic: Al Furat News} The government is preparing to prepare the federal financial budget for the next year 2022.

 

A member of the Parliamentary Finance Committee, Jamal Cougar, said, "The government has formed a committee to prepare the 2022 budget and has asked the Finance Committee to nominate representatives to be part of the committee."
He added, "Conducting early elections" is what prompted the government to take this step, especially since parliament must dissolve itself before the date of the next elections, so that they do not require announcements.
He indicated that “the next parliament could vote on the budget for 2022 if the current government prepared it, indicating that the government intends to prepare a supplementary budget for oil.

Ammar Al-Masoudi

[yota691]

Parliamentary Finance reveals a government move to prepare the 2022 supplemental budget in the middle of this year

 

money and business Economy News _ Baghdad The government is preparing to prepare the budget for next year 2022, while the Parliamentary Finance Committee noted the possibility of presenting a supplementary budget in the middle of this year.     A member of the Finance Committee, Jamal Cougar, said in an interview with Al-Sabah newspaper, which was followed by Al-Iktissad News, that "the government has formed a committee to prepare the 2022 budget and asked the Finance Committee to nominate representatives for it to be part of the committee."   He added, "The holding of early elections is what prompted the government to take this step, especially since Parliament must dissolve itself before the election date, and this matter requires preparing the budget for next year so that there is no confusion in this regard," indicating that "the next parliament can vote on the 2022 budget." If it was prepared by the Al-Kazemi government. "   He pointed out, "the government's intention to prepare a supplementary budget in the middle of this year and send it to Parliament with the rise in oil prices."

Number of observations: 204,   date of addition, 04/15/2021

[DoD]

Good morning yota...

Looking at these articles it appears the budget just passed was for only one year. 
The mid year supplemental budget could be something to watch, maybe a rate change after it passes. 
It does appear their getting the jump on the 2022 budget....

[Half Crazy Runner]

3 minutes ago, DoD said:

Good morning yota...

Looking at these articles it appears the budget just passed was for only one year. 
The mid year supplemental budget could be something to watch, maybe a rate change after it passes. 
It does appear their getting the jump on the 2022 budget....

Agree! But man, those guys have a way of throwing out those carrots to dangle in front of us to keep us hoping ..... 😆 🤞🏻🤞🏻🤞🏻🤞🏻

[horsesoldier]

It just goes on & on 

[Longtimelurker]

Maybe changing their fiscal year to June?

[horsesoldier]

I HAVE JUST ONE QUESTION !!! What kinda drugs are these sun baked people taking ?????
18+ years of ALL OVER THE MAP .... WTF ????  

 

Okay, that was 2 questions.

[yota691]

Governmental source: No additional taxes for employees

Saturday 17th April 2021 74

 

  Baghdad: Muhannad Abdul-Wahhab 

 

On Friday, a government source denied any decision to impose additional taxes on the salaries of employees and retirees.

The source explained, in an interview with “Conscious,” that “Prime Minister Mustafa Al-Kazemi has indicated on more than one occasion the need to pay attention to the income of the poor and spare them the effects of fluctuations and economic crises.”

Earlier, the Ministry of Finance issued an explanatory statement regarding the tax withholding. In it she stated that she “is working to implement all the decisions and texts contained in the General Budget Law for 2021 that the House of Representatives voted on, and that the book bearing the signature of Minister of Finance Ali Abdul Amir Allawi regarding tax deduction came in implementation of the provisions of Article 34, paragraph (c) of the General Budget Law. Including the abolition of the House of Representatives all the exemptions and customs and tax exemptions granted by the decision of the Council of Ministers unless stipulated by the laws in force ».

The letter sent by the Ministry of Finance to the General Secretariat of the Council of Ministers, in which it demands tax deduction from the employee’s total monthly income, was met with a “large parliamentary rejection,” and lawmakers considered it a reflection of the confusion in the state administration and the lack of coordination between the fiscal and monetary policies.

The head of the Parliamentary Finance Committee, Haitham al-Jubouri, said in his response to the ministry’s statement: “The use of this article is inaccurate and does not give the right to what the ministry went to in its published book because the intention of the legislator in this article is to abolish customs and tax exemptions related to the import of goods and commodities issued by decisions of the Council. Ministers and has nothing to do with income tax or employee income

Salary ».

In addition, Majida Al-Tamimi, a member of the Finance Committee, said: “This decision is nothing but a reflection of the confusion in the administration of the state and the lack of coordination between the fiscal and monetary policies,” calling on the Minister of Finance to “retract this decision, otherwise we will have to host it and then question him soon.”