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Parliamentary Finance: 50% of the articles of the 2021 budget have not been implemented


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(Baghdad Today) publishes instructions for implementing the 2021 budget

 

 

 

1,172 Economie 04/26/2021 13:05 am Baghdad today -

Baghdad Today, Monday (April 26, 2021), Baghdad Today News Agency publishes the instructions for the budget bill for the current year, which came into effect after its publication in the official Al-Waqi’a newspaper. The Ministries of Finance and Planning issued their instructions to the ministries, after they stated that "the instructions were sent after they were placed in the general framework of the strategy required by the current stage, stressing on making the most of the financial allocations approved in the budget to employ energies." The instructions included four sections. The first included "the necessary controls to coordinate the authority of ministries and agencies not associated with a ministry and the governorates, in using the allocations approved in the budget." The second section includes “Budget Execution Instructions,” and the third section includes “Staffs,” while the fourth includes “Instructions and Powers for Executing Capital-Investment Projects in the Budget.” To view the instructions, click here

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Information / Special ...

Al-Fateh Alliance confirmed, on Sunday, that the Central Bank was subjected to great political pressure to achieve self and party interests.

"The government's insistence on continuing with the policy of raising the exchange rates will cause the governmental financial institution heavy losses that will be paid by generations of Iraqis," said a member of the coalition, MP Hamid Al-Mousawi, told Al-Maaloumah.

He added, "A lot of pressure exerted by political forces on the Central Bank of Iraq made it continue in this financial policy, and therefore the government institution will pay the losses, not the parties."

He pointed out that "this policy will cause Iraq to lose approximately 13 trillion in compensation amounts due to the difference between the old and the new exchange rate."

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Parliament Presidency meets with the Finance Committee regarding the budget

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22 hours ago

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On Sunday, the Parliamentary Finance Committee held an expanded meeting with a number of governors to approve the budgets of the provinces.

A source told NRT Arabia, (April 25, 2021), that "the Financial Committee held its meeting in the presence of a number of governors, to approve the budgets of the provinces, as well as to complete the previous meeting related to discussing the implementation of the federal budget for the year 2021."

Earlier today, the Ministry of Finance announced the completion of the instructions for implementing the Federal Budget Law for 2021, approved by the Presidency of the Republic .

In a statement received by NRT Arabic, a copy of it, the ministry called , “The spending units of ministries, governorates, bodies and entities not associated with a ministry to come to the Ministry of Finance / Budget Department tomorrow, Monday, for the purpose of receiving instructions for implementing the general budget for the fiscal year 2021 and instructions for implementing the planning budget for the public sector and the funded bodies and companies Self. "

 
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The Finance Committee issues a statement on the implementation of the 2021 budget

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5 hours ago

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The Finance Committee hosted the governors to discuss the implementation of the budget law for 2021 within the allocations allocated to each governorate .

The Finance Committee confirmed, Monday (April 26, 2021), in a meeting held at its headquarters, chaired by MP Haitham Al-Jubouri and in the presence of its members, that it was keen to doubling the financial allocations for the governorates, taking into account the population ratios and the degree of deprivation, in order to advance the service reality and complete the stalled and stalled projects. As well as granting many powers to the governors. "

For their part, the governors reviewed "the most prominent problems and obstacles facing them, as well as discussing the financial allocations for each governorate in the budget and its suitability for its reality and needs."

The Finance Committee stressed that it "is supportive of all measures that would advance the reality of the provinces, and will also ensure that the budget law is properly implemented . "

 
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End the controversy over job creation and off-budget projects

 
 Baghdad: Wissam Al-Mulla
 
Yesterday, Monday, the Parliamentary Finance Committee stated that it is not possible to create job grades and projects outside the 2021 budget, indicating that it is not possible to include all governorates with allocations.
Committee member Adnan Al-Zorfi said to “Consensus”: “It is not possible to create any job grades outside the budget and no body has the authority to do so, because it has been voted on and is considered effective,” pointing out that “projects cannot be added outside the budget after allocating sufficient funds. In the investment plan ”.
He pointed out that "12 trillion dinars have been allocated to ministries and for the development of regions and governorates, 5 trillion dinars," stressing that "these sums are sufficient to implement many projects."
Al-Zorfi added that "the Finance Committee directed the governors during its meeting with them to complete the plans of the province for the purpose of approval and send them to the Ministry of Planning to allocate the financial sums to them."
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Parliamentary Finance: Doubling the budget allocations for developing regions

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 Political

 

  •  Yesterday, 17:25
 

Baghdad-INA-Wissam Al-Mulla
, today, Monday, the Parliamentary Finance Committee revealed the details of its meeting with the governors yesterday, in the presence of the First Deputy Speaker, Hassan Al-Kaabi, while confirming the doubling of allocations for the development of regions and governorates in the 2021 budget
. Member of the committee, MP Majed Al-Waeli, said to the Iraqi News Agency (INA) ), "The meeting of the Parliamentary Finance Committee with the governors came in order to review the investment plans of the provinces and their allocations for ongoing and new projects," indicating that "the committee, according to the budget law, allocated funds to projects with high achievement to ensure the largest number of projects that enter the service, with Taking into account the strategic and important projects of ruling importance. "
He pointed out that "the additional allocations made by the Finance Committee to the governorates were for new projects that must be distributed according to strategic importance and population representation within the governorate," noting that "the regions development plan receives great interest from the Finance Committee because these allocations go towards projects in the governorate to provide opportunities." Work and reduce poverty and unemployment rates. "
He added, "The new projects will be reflected in the economic movement in the governorate and will witness economic activity and prosperity." ".

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The headquarters of the Ministry of Finance. "Internet"
  

 money and business
Economy News - Baghdad

Al-Eqtisadiah News publishes the instructions for the federal budget bill for 2021, after its publication in the official Al-Waqi’a newspaper. 

To read the instructions, click here

 

 

 

Number of observations 763   Date of addendum 04/26/2021
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On Saturday, the Parliamentary Finance Committee suggested that the current price of the dollar would remain for years, while it indicated the central bank's ability to control its current market rate and prevent it from increasing further.

 

Committee member Shirwan Mirza said in a statement to the official newspaper, "The current exchange rate of 1450 dinars against the dollar and determined by the central bank may last for years, as it cannot be reduced because the budget is built on it."

He added, "With regard to the rise in the dollar’s price beyond the 1470 dinars, we believe that there is an attempt by the central bank to stop the rise. The bank has a strategic stockpile of the dollar and it can contribute to the stability of the exchange rate and not to rise more than that."

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by Editor Iraq news 2 Hours ago

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The Parliamentary Finance Committee announced the launch of financial allocations to the provinces, noting that the dues of the Kurdistan region are settled between the two sides.

Committee reporter Ahmed Al-Saffar said that the problems between the region and the federal government are not only financial, as there are dues between the two parties that are settled under the direct supervision of the two financial oversight offices in Baghdad and the region, indicating that non-financial matters need negotiations to find solutions to them, while noting that the provincial allocations have been launched. After issuing the instructions related to the budget, and that these funds remain for the governorate and be recycled for the next year in case they are not spent the current year.

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8 hours ago, mally2 said:

Good morning. What happens on the 29th?

It’s when their imf reference rate changes and has changed every year since 197o except on two occasions and that was when zeros went on the exchange rate and they devalued their currency! Could it happen days, weeks and months later? Yes it could 

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13 hours ago, mally2 said:

Good morning. What happens on the 29th?

 

One things for sure; I'm not waiting that long for coffee. I'll get excited when I see it trading on Forex with a real rate not this crap we've been looking at for 18 years.

 

I thought I'd make a Big prediction based on real science so I broke out my bag of sacred chicken bones my Witch Doctor buddy from the Congo gave me as going away present. I threw out the question, rolled the Bones and the Bones spelled out " What ? You gotta be kidding, this is Iraq HA HA "   . . . it's a big O bones

 

The Big bag O Bones & my buddy got a twisted sense of humor,

 

 

Edited by horsesoldier
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Parliamentary Finance: The Kurdistan Regional Government has confirmed its commitment to implementing the budget


 

28/4/2021 10:18:00

 
 
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Parliamentary Finance: The Kurdistan Regional Government has confirmed its commitment to implementing the budget

 

The Parliamentary Finance Committee stressed the need for a technical delegation from the Kurdistan Region to visit the capital, Baghdad, to agree on a mechanism for implementing the Kurdistan Region's articles in the budget law.

MP Sherwan Mirza, a member of the Parliamentary Finance Committee, said during a special statement to PUKmedia : A technical delegation from the Kurdistan Regional Government must visit the capital, Baghdad, to agree with the federal government on the implementation of the Kurdistan Region's articles in the Federal Budget Law for 2021.

He added: The Ministry of Finance in the Kurdistan Regional Government sent two letters to the Federal Ministry of Finance and the Federal Council of Ministers and confirmed the commitment of the Kurdistan Regional Government to implement the articles included in the Budget Law, and it is awaiting the response of the federal government.

He explained: The article on oil imports is deducted from the Ministry of Oil and the Ministry of Natural Resources, and the article on non-oil imports is decided by the two financial control offices in Erbil and Baghdad.

He continued: In any case, the Kurdistan Regional Government should speed up sending a technical delegation to Baghdad to discuss the implementation of the articles related to the Kurdistan Region’s share in the federal budget for the year 2021.

 

 

 

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A member of the Parliamentary Economic and Investment Committee , Mazen Al-Faily, confirmed , on Wednesday , the strengthening of the ration card items for the current year , indicating that there is a clear delay in the distribution of the ration items .  

Al- Faily said in a press statement that " the House of Representatives has strengthened the balance of the ration card items by one trillion and 300 billion dinars in the 2021 budget ."

He added ,   "The Ministry of Commerce attributed, during its hosting of the advanced cadre within the committee, the stumbling of the distribution of vocabulary due to the lack of financial allocations ." 

He pointed to that " there is a diagnosis clear in the delay distribution of the vocabulary card ration during the months preceding " , pointing to the " families Iraqi waiting eagerly distribute the vocabulary card ration in light of the high prices in the markets of local ".

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Finance favors the approval of the 2022 budget at an early date

 
 Baghdad: Omar Abdul Latif
 
The Finance Committee in the House of Representatives favored the approval of the 2022 budget early, as it coincides with the House elections in October of this year.
Committee member Majed Al-Waeli told Al-Sabah: “The 2022 budget will face a big problem in approving it, especially since early elections will be held in October of this year.”
Al-Waeli predicted that “according to previous contexts and events, the budget will go towards disbursing sums according to the financial management system 1/12, as happened in last year's budget,” indicating that “the new parliamentary session may begin in early 2022 and not in this year to be able to approve the budget. .
He added, "There is a possibility to present it at an early date and it may be discussed by the Finance Committee in the current session, but he may realize it at the time of the elections." Representatives take longer after House members win in The election". 
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The information / Baghdad ..

The economic expert, Ihssan Al-Kinani, confirmed that the government can prepare a budget sufficient for more than three months, after the price of oil rose to more than $ 60 a barrel, pointing out that Iraq is getting large returns after the high oil prices are sufficient to meet most of its debts that it borrowed recently.

Al-Kinani said in a statement to / the information /, that "oil prices and for nearly 3 months are still above the level of $ 60 a barrel, at a time when the government set the price of oil in the budget at less than $ 45 a barrel."

He added that "the surplus oil habits, the government can exploit it optimally to prepare a supplementary budget, especially since the revenues may be sufficient as a budget for more than 3 months."

Al-Kinani explained, "The government's continuation of its current approach and the failure to complete important projects such as electricity and services for new residential areas, Iraq will enter into a vortex, especially since there are debts owed by the country that may be suffered by future governments." End / 25 n

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  •  Time: 04/29/2021 03:22:45
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  •  Read: 5,304 times
Parliamentary Finance reveals the fate of the 2022 budget
  
{Economist: Al Furat News} The Parliamentary Finance Committee preferred approving the 2022 budget at an early date, as it coincided with the Parliament elections in October of this year.
 

Committee member Majid Al-Waeli said that “the 2022 budget will face a major problem in approving it, especially since early elections will be held in October of this year.
” Al-Wa’eli expects that “according to previous contexts and events, the budget and the administration’s budget will be spent as per the previous events. It happened in the budget of last year, "indicating that" the new parliamentary session may begin at the beginning of 2022, and not this year, it cannot approve the budget.
He continued, "there is the possibility for submission early has been discussed by the Finance Committee at the current session, but may be realized by the time of the elections , " noting that it "can remain in the drawers of the Committee pending the members of the Finance Committee in the next session for discussion and approval, but the formation of the committees of the House of Representatives It takes a longer time, except that the members of Parliament win the elections. ”
Ammar Al-Masoudi

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On 4/27/2021 at 2:24 PM, screwball said:

It’s when their imf reference rate changes and has changed every year since 197o except on two occasions and that was when zeros went on the exchange rate and they devalued their currency! Could it happen days, weeks and months later? Yes it could 

Okay it’s the 29th SHOW ME THE MONEY!!!!

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