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

[yota691]

Parliamentary Finance shows the reasons for not being able to satisfy the budget deficit despite the oil barrel reaching $75

 

money and business Economy News _ Baghdad On Sunday, the Parliamentary Finance Committee explained the reasons behind the inability to bridge the fiscal deficit in the general budget, despite the price of a barrel of oil reaching $75. The head of the committee, Haitham al-Jubouri, said in a press interview, "So far, according to the new oil prices, the financial deficit in the budget has not been filled, despite the oil reaching $75, but Iraqi oil is lower than international prices, with the exception of Basra Light oil, in addition to the cost of oil production." He pointed out that “a barrel of oil after extracting it is liquidated from its price of 60 dollars after hitting it with a production of 2 million 880 thousand hit 365 days and hitting it in the exchange rate, we find that it did not fill the deficit in the budget,” noting that “the budget is 130 trillion and at the current prices we still have A real shortfall in investment and operational expenditures amounting to 30 trillion," explaining: "We are surprised by the talk of some about the existence of financial abundance." Al-Jubouri added, "The abundance that is achieved goes to fill the financial deficit in the budget, and therefore we still need to return the million barrels that were deducted from the quantities that Iraq is supposed to produce according to the OPEC agreement so that we can completely fill the real deficit to spend the budget, but in the current situation there is no The deficit is still there.

Views 959   Date Added 07/04/2021

[yota691]

 

Parliamentary Finance: The rise in oil prices will contribute to the stability of the dollar exchange

 

•  

 2021-07-06 04:32

 

Shafaq News/ The Parliamentary Finance Committee suggested, on Tuesday, that the rise in oil prices would contribute to stabilizing the exchange rate of the US dollar against the Iraqi dinar in the local markets.  

 

Committee member Ahmed Al-Hajj Rashid told Shafaq News Agency, "Oil prices in global markets recorded their highest price in years after the OPEC group agreement, especially after the recent increase in demand for oil."

 

He added that "the rise in the exchange rate of the dollar affected the citizens and people with limited income, and this caused a rise in the prices of real estate, food, construction and all commercial goods and merchandise."

 

And Rashid indicated, "The rise in oil prices will contribute to the stability of the dollar exchange rate in front of the Iraqi dinar through the central bank pumping the currency into the market to control the change in exchange rates."

 

Oil prices continued to rise today, after yesterday's rise, with the cancellation of production talks for OPEC + countries, but fears that members may begin to increase production limited the gains.

 

After the Iraqi government’s decision to reduce the value of the Iraqi dinar against the US dollar in late 2020, the exchange rate of every $100 reached 145,000 dinars, which led to a significant increase in prices in the Iraqi market.   

 

This price was fixed in the federal budget for the year 2021, and since then until now the dollar exchange rate has not been stable, as it continued for about three months below the official exchange rate, rising in recent months and reaching 151 thousand dinars per 100 dollars.

[yota691]

An official explains how much Iraq will benefit from the increase in oil prices in 2021

archival

 July 06, 2021 07:49 PM

Mubasher: Adviser to the Iraqi Prime Minister, Alaa Abdul-Hussein, set, today, Tuesday, the date for repaying the loans, noting that the government can not dispose of the financial abundance from the rise in oil except on a condition.

 

Abdul Hussein told the Iraqi News Agency (INA): "The improvement in oil prices in the global market is positive for the economies of the oil-producing countries, especially those that depend largely on oil in their budgets."

And he indicated that "the interest that Iraq derives during this year from the increase in oil prices will contribute to covering the budget deficit of 29 to 30 trillion dinars, if prices continue in this way until the end of the year."

Abdul Hussein added that "in the event that the price of a barrel of oil exceeds $77, this will contribute to achieving an abundance that is not very large, but will contribute positively to the state's general budget for the next year and will help the Iraqi government with the issue of repaying the loans on it."

Abdul Hussein stated that "the current oil levels will provide, from now until the end of the year, surpluses that will help Iraq in the budget and achieve financial abundance that the government cannot dispose of, except through a supplementary budget," ruling out "organizing a supplementary budget within the current data, but this abundance may be The government will help next year to repay the loans."

[yota691]

Economie

AL-SAFFAR: THE BUDGET DEFICIT HAS BEEN FULLY COVERED

 

 

Sunday, July 4, 2021 10:25 PM

Baghdad / National News Center

The decision of the Finance Committee, Ahmed Al-Saffar, confirmed today, Sunday, that the deficit in the budget has been fully covered.

Al-Saffar said in a statement followed by the "National News Center", that "the Ministry of Finance no longer has any justification for not releasing allocations, bonuses and upgrades after the economic improvement as a result of the rise in global oil prices."

He added, "The deficit in the budget was completely covered by the difference in the price of a barrel of oil," explaining, "Any further increase will achieve additional financial abundance."

[yota691]

Economie

PARLIAMENTARY FINANCE COMMENTS ON THE RISE IN OIL PRICES AND ITS RELATIONSHIP TO THE DOLLAR

 

Tue, Jul 6, 2021 3:38 PM

Special / National News Center

Today, Tuesday, the Parliamentary Finance Committee revealed the economic benefit of high oil prices and its relationship to dollar prices and its stability in local markets.

A member of the Finance Committee, Ahmed Hama, said in an exclusive statement to the “National News Center”, that “the rise in international oil prices will contribute to the stability of dollar prices in the Iraqi markets,” noting that “the rise in oil prices will give the central bank an opportunity to introduce a larger currency in the markets, and therefore there will be stability.” clear and an increase in imports.

Hama explained, "The surplus in oil prices, which exceeds $30 per barrel, is carried over to fill the deficit in the 2021 budget, which also exceeds 25 trillion dinars."

Oil prices rose today, after yesterday's rise, with the cancellation of production talks for OPEC + countries, but fears that members may begin to increase production limited the gains.

The government reduced the value of the Iraqi dinar against the US dollar in late 2020, and the exchange rate of every $100 reached 145,000 dinars, which led to a significant increase in prices in the local market.   

This price was fixed in the federal budget for the year 2021, and since then until now the dollar exchange rate has not been stable, as it continued for about three months below the official exchange rate, rising in recent months and reaching 151 thousand dinars per 100 dollars.

[yota691]

Parliamentary Economy resolves the controversy of “changing” the dollar exchange rate after the rise in oil prices in Iraq

 

 

8,589 Economie 2021/07/07 13:16 Baghdad today -

special Today, Wednesday, the Parliamentary Committee on Economy and Investment revealed the main reason behind the dollar exchange rate against the Iraqi dinar, without returning to the old price with the rise in oil prices. Committee member Nada Shaker Jawdat told (Baghdad Today), "The rise in oil prices ended all the government's justifications and arguments for raising the dollar's exchange rate against the Iraqi dinar, but despite that, it insists on keeping the exchange rate as it is, despite the improvement in the financial situation. And filling a large part of the budget deficit after the rise in oil in the global market. Jawdat indicated that "there are influential political parties and personalities, who want the dollar exchange rate to remain as it is currently, this matter revitalizes it economically, as it owns private banks as well as banking companies, and other commercial matters, which through it controls the Iraqi market." Jawdat pointed out that "these parties and personalities are working in accordance with their interests at the expense of the interests of the citizen, who has been greatly affected by the process of raising the dollar exchange rate."

[yota691]

Parliamentary Finance: The oil price difference will save 29 trillion dinars to the state treasury

 

204 Economie 2021/07/07 15:36 Baghdad today

Today, Wednesday, the Finance Committee in the House of Representatives suggested that the difference in the price of oil approved in the budget at the end of this year would provide about 29 trillion dinars, after the improvement of oil prices in global markets. The committee’s rapporteur, Ahmed Al-Saffar, said in a statement that I followed (Baghdad Today) that “all the numbers and data contained in the state’s general budget law are in fact estimates as they have been developed for a future period , and these numbers may correspond to reality and may differ with it, and in most cases the difference occurs. ” . He added that "the amount through which the deficit will be covered completely, while I talked about the possibility of achieving an abundance of it that goes to repay the previous debts, and I talked about indications that the price of a barrel will reach next December between 80 to 100 dollars ." Al-Saffar explained that "the budget was set in light of the presence of two financial and health crises, accompanied by a decrease in oil prices on which Iraq relies by about 93% to feed its revenues ," noting that " determining the price of oil is the main influencing factor in the volume of revenues, and it also determines the existing deficit. in law ." He pointed out that "the budget was built on the price of a barrel of 45 dollars, at a time when the current price was 50 dollars, that is, a difference of five dollars , and what was approved in the budget, I was at odds with him, because I followed the oil agencies and had a perception that the price of a barrel might reach 100." A dollar next December, or between 80 to 90 dollars at the very least .” A member of the Parliamentary Finance Committee pointed out that “the adoption of the price of 45 dollars was completely contrary to reality and is more conservative than what the economic reality requires, and it would have been better to put it at about 50 dollars , the difference for the current month is about 30 dollars, and this figure is able to cover the deficit completely .” He stressed, "The financial deficit in Iraq is illusory and unreal, and as soon as the year ends, this deficit disappears through the difference in the price of a barrel of oil between what is put in the budget and what is in the markets ," stressing that some years have witnessed a surplus and the reason is the price difference, and that Iraq used to not implement its budget by 100%, and in the best cases, implementation did not exceed 80 % , and the average price difference for the total of the current year, if we take into account the past months, is estimated at 22 dollars per barrel . Al-Saffar added, " This provides 24 billion dollars, and this amount, according to the current exchange rate, constitutes 29 trillion dinars, while the amount of the deficit is 28 trillion dinars , and if there is any financial abundance from the sale of oil, the Financial Management Law stipulates that either over the following year in the event that there is no intention to present a supplementary budget, or the government is given powers to use this abundance in financing lagging and stalled projects . Al-Saffar continued, "The existing data do not show the possibility of submitting a supplementary budget, because the original budget has not been implemented so far, despite our arrival in the seventh month, and therefore the amounts resulting from the oil price difference will revolve until next year , and that the complete lack of budget is due to several reasons, The most important of which is its late submission to the House of Representatives, as well as the circumstances that accompanied its legislation leading to its approval at the end of last March, and it also needs ratification, and that the issuance of implementation instructions from the Ministry of Finance requires a full month.

[yota691]

Parliamentary Finance threatens to host government executives for not implementing budget items

 

1,456 Policy 2021/07/07 09:48 Baghdad today -

Special The Parliamentary Finance Committee confirmed, today, Wednesday, that the Iraqi government's appeal to some paragraphs of the budget law for the year 2021, is not a justification for not implementing the law. Committee member Muhammad Al-Shabki told (Baghdad Today) that "the Iraqi government has not yet implemented the 2021 budget bill under the pretext of an appeal against some paragraphs of the law, and this is not justified, as the government has to stop only the contested paragraphs until a decision is issued by the Federal Court to resolve the issue." . And Al-Shabki said that "the House of Representatives intends to host the competent authorities and personalities in the Ministry of Finance to find out the reasons for not implementing most of the provisions of the budget law, for not implementing the law is a violation of the constitution and the law."

[yota691]

Deducting 31% of the social welfare allocations deprives 200 thousand families of protection salaries.. a new proposal may return them

2021-07-12

Yes Iraq: Baghdad

The Department of Social Protection, one of the formations of the Ministry of Labor, said that the reduction of social welfare allocations and their transfer to other exchange doors by the House of Representatives, caused the deprivation of about 200 thousand families from welfare salaries, while indicating movements to benefit from the surplus funds of the high oil prices to return the deducted allocations, which It amounted to about 31% of the total amount.

The Director General of Social Protection, Zikra Abdel Rahim, said in a statement to the official agency, that "large amounts of welfare funds were cut during the 2021 budget under the amended version, and this affected the lack of expansion of the network and the inclusion of a larger number of citizens."

And regarding the volume of funds that were deducted during the 2021 budget, Abdel Rahim confirmed that “the funds amounted to more than one trillion and 800 billion Iraqi dinars, as the volume of funds allocated previously was 5 trillion and 700 billion dinars,” noting that “the deduction caused the non-inclusion of new families within Social protection.” The deducted percentage represents about 31% of the original allocations.

And she pointed out that “the House of Representatives and the Council of Ministers were approached to release financial allocations from the abundance achieved from the rise in oil prices or to return the money that was transferred from the fund to other sections of the budget,” revealing “there is work and continuous meetings to make transfers sufficient to cover between 150 to 200 thousand.” A new family with care salaries.”

And she added, "The plan was aimed at covering 600,000 families, but the lack of funds caused it not to be achieved," noting at the same time that "the Finance demanded the Fund to submit an estimated budget for the next three years."

Regarding the current poverty rate recorded in the country, Abdel Karim explained that “the estimated rate reached 18.9% in 2019, and increased in 2020 to 20.5%, and the poverty rate at the present time reached 29%, as this percentage constitutes a major boom and its reasons are due to the size of unemployed graduates.” Work, lack of investment opportunities and other reasons.”

[yota691]

Parliamentary Finance: The increase in oil prices will cover Iraq's budget deficit

archival

 August 01, 2021 07:39 PM

 

 

Mubasher: The Parliamentary Finance Committee in Iraq confirmed, today, Sunday, that the increase in oil prices will cover the budget deficit and the value of some loans.

A member of the Parliamentary Finance Committee, Muhammad Al-Shabki, told the Iraqi News Agency (INA), that "the financial abundance from the increase in oil prices covers the budget deficit, and its value is estimated at 28 trillion dinars."

The committee member added, “The Finance Committee, in its amendments to the 2021 budget text, suspended the appointment process and the rest of the financial expenditures to bridge the deficit,” noting that “the difference between the price of a barrel of oil that was approved in the budget at “45” dollars and the current price with which it can be bridged. deficit and some loans.

With regard to the 2022 budget, according to Al-Shabki, "The Financial Management Law stipulated that the Ministries of Finance and Planning and the Office of Financial Supervision should submit their development plans as of July, that is, 5 months before the New Year."

The member stated that "the Ministry of Finance has continuous meetings and sessions, to arrive at a clear formula and indicators on the basis of which it formulates and presents the budget."

On the possibility of approving the 2022 budget before the parliamentary elections next October, Al-Shabki said that "it cannot be approved before the elections, given that the date of sending it to Parliament takes place in the same month."

He continued, "The holding of elections will stop the work of the current parliament, and therefore it will not be present to discuss the budget items."

[yota691]

Because of appointments in violation of the budget law.. Parliamentary Finance directed a letter to two government agencies

political| 04:03 - 03/08/2021

 

 

 

 

Baghdad - Mawazine News
The Parliamentary Finance Committee, headed by Haitham Al-Jubouri, the head of the committee, and the presence of its members and the head of the Agriculture, Water and Marshes Committee, MP Salam Al-Shammari, hosted, on Tuesday, the Deputy Minister of Finance, the Director General of the Accounting Department and the Director General of the Legal Department of the Ministry of Finance.
A statement by the Parliament’s Media Department stated that “Mawazine News” received a copy of it, that the meeting, which was held at the headquarters of the Finance Committee, discussed the follow-up to the implementation of the budget law for the year 2021 on all ministries and bodies according to the allocations allocated to them, and discussed the file of paying farmers’ dues, as the committee stressed the need to expedite By paying the dues of this important segment and making it a top priority to ensure the sustainability of agriculture and achieve economic revenues to the state treasury, while the committee confirmed that it will follow up with the Central Bank to finance these dues to pay them as soon as possible.
He added, "The committee discussed financial allocations, the investment and operational budget, and how the Ministry of Finance deals in this regard, as well as discussing the revenues generated and how to direct them in light of the financial crisis, confronting the Corona pandemic, and providing an allocation for vaccines. Finance for the lack of commitment by some ministries to implement the law.
Then the Finance Committee addressed the issue of appointments in 2021 in violation of the budget law, as the Committee directed a letter to the Public Prosecution and the Integrity Commission to form an investigative committee in this regard.

[yota691]

Parliamentary Finance: Two reasons prevent the budget from reaching the governorates and ministries

 

Economie| 09:51 - 05/08/2021

 

 

 

 

 

Baghdad - Mawazine News

Today, Thursday, the Parliamentary Finance Committee clarified the mechanism for disbursing the budget to the governorates, while specifying the reasons for its delay.
Committee member Muhammad Al-Shabki said, "There are two reasons why the budget does not reach the governorates and ministries: technical and routine," noting that "the governorates must submit their plans to the Ministry of Finance and then to the Ministry of Planning for approval and then to Finance again for financing."
He added, "This path takes some time," noting that "some governorates and ministries want to release the budget before the elections."
 He stressed that "some governorates do not submit the allocated budget for approval on time, as well as the routine between the concerned ministries and the administration of some governorates, which caused the budget not to be received," noting that "there are many governorates and ministries that did not discuss the plan with the ministries of planning and finance for approval." .
The Parliamentary Finance Committee revealed, earlier, the details of its meeting with the governors, in the presence of the First Deputy Speaker of Parliament, Hassan Al-Kaabi, while confirming the doubling of allocations for the development of regions and governorates in the 2021 budget.

[yota691]

Iraq

PARLIAMENTARY FINANCE CLARIFIES THE MECHANISM FOR DISBURSING THE BUDGET TO THE GOVERNORATES

 

Thursday, August 5, 2021 9:50 PM

Baghdad / National Center Bri
explained the parliamentary Finance Committee on Thursday, the budget disbursement mechanism to the provinces, as identified reasons for the delay.

Committee member Muhammad Al-Shabki told the official agency, followed by the National News Center, that “there are two reasons why the budget did not reach the governorates and ministries; Technical and routine,” noting that “the governorates must submit their plans to the Ministry of Finance and then to the Ministry of Planning for approval, and then to the Finance again for financing.”

He added, "This path takes some time," noting that "some governorates and ministries want to release the budget before the elections."

He stressed that “some governorates do not submit the allocated budget for approval on time, as well as the routine between the relevant ministries and the administration of some governorates, which caused the budget not to be received,” noting that “there are many governorates and ministries that did not discuss the plan with the ministries of planning and finance for approval.” .
The Parliamentary Finance Committee revealed, earlier, the details of its meeting with the governors, in the presence of the First Deputy Speaker of Parliament, Hassan Al-Kaabi, while confirming the doubling of allocations for the development of regions and governorates in the 2021 budget.
Member of the Committee, Representative Majid Al-Waeli, told the Iraqi News Agency (INA), that “the meeting of the Parliamentary Finance Committee with the governors came in order to see the investment plans of the provinces and their allocations for ongoing and new projects,” noting 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, taking into account the strategic and important projects that have governing importance.”
He pointed out that "the additional allocations made by the Finance Committee to the governorates were for new projects, which must be distributed according to strategic importance and population representation within the governorate," noting that "the regional development plan is of great interest to the Finance Committee because these allocations go towards projects in the governorate to provide opportunities work and reduce poverty and unemployment.
He added, "The new projects will be reflected on the economic movement in the province and will witness economic activity and prosperity," noting that "the allocations for the development of the regions were in the budget amounting to two trillion dinars, but the committee was keen to double it to be 4 trillion dinars, and another trillion was added that was allocated to new investment projects. “.

[Longtimelurker]

noting that “there are many governorates and ministries that did not discuss the plan with the ministries of planning and finance for approval.” .

 

Seems like they are trying to keep it hidden.. what could they be hiding?? Hmmmm... I hope its what i think it is!

[yota691]

Parliamentary Committee in Iraq: Two reasons prevent budget funds from reaching governorates and ministries

A picture of the Iraqi parliament

 August 05, 2021 11:49 PM

Mubasher: The Parliamentary Finance Committee in Iraq clarified, today, Thursday, the mechanism for disbursing the budget to the governorates, while specifying the reasons for its delay.

 

Committee member Muhammad Al-Shabki told the Iraqi News Agency, "Conscious", that there are two reasons why the budget did not reach the governorates and ministries; Technical and routine, noting that the governorates must submit their plans to the Ministry of Finance and then to the Ministry of Planning for approval and then to the Finance again for financing.

He added, that this path takes some time, noting that some governorates and ministries want to release the budget before the elections.

He stressed that some governorates do not submit the allocated budget for approval on time, as well as the red tape between the concerned ministries and the administration of some governorates, which caused the budget not to be received, pointing out that there are many governorates and ministries that did not discuss the plan with the ministries of planning and finance for approval.

The Parliamentary Finance Committee revealed, earlier, the details of its meeting with the governors, in the presence of the First Deputy Speaker of Parliament, 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 Majid Al-Waeli, said that the Parliamentary Finance Committee's meeting with the governors came in order to review the governorates' investment plans and their allocations for ongoing and new projects.

And he indicated that, according to the budget law, the committee allocated funds to projects with high achievement to ensure the largest number of projects that enter the service, taking into account the strategic and important projects of governing importance.

He pointed out, "The additional allocations made by the Finance Committee to the governorates were for new projects, which must be distributed according to strategic importance and population representation within the governorate."

He continued, "The regional development plan is of great interest to the Finance Committee because these allocations go towards projects in the province to provide job opportunities and reduce poverty and unemployment rates."

He added, "The new projects will reflect on the economic movement in the province and will witness economic activity and prosperity," noting that "the allocations for the development of the regions were in the budget amounting to two trillion dinars, but the committee was keen to double it to be 4 trillion dinars, and another trillion was added that was allocated to new investment projects. ".

[yota691]

Iraq

AL-HALBOUSI ANNOUNCES THE IMPLEMENTATION OF THE PROVISIONS OF THIS PARAGRAPH OF ARTICLE 50 IN THE BUDGET

 

 

 

 

Saturday, August 7, 2021 1:03 PM

Baghdad / National News Center

Today, Saturday, Parliament Speaker Muhammad Al-Halbousi directed the implementation of the provisions of paragraph C of Article 50 of the budget law.

A statement by his media office, received by the "National News Center", stated that "the Speaker of Parliament, Muhammad al-Halbousi, met in the presence of the Chairman of the Agriculture, Water and Marshlands Committee, Representative Salam al-Shamri, with the Minister of Agriculture and the Deputy Minister of Commerce."

The Speaker of the House of Representatives stressed, during the meeting, “the payment of farmers’ dues for crops of wheat, barley and rye to all farmers throughout Iraq, including the dues of farmers for previous years in the liberated cities.”

He pointed out, “To proceed with the implementation of the provisions of Paragraph C of Article 50 of the Budget Law, which stipulates: (The Council of Ministers must increase the current prices for the purchase of wheat and barley crops from farmers by 50 thousand dinars per ton), due to the need to support farmers, develop this sector and address collateral damage. that hit this vital sector as a result of the change in the dollar exchange rate.”

[yota691]

 

Parliamentary Planning: The objections and observations of some ministries disrupted the implementation of the 2021 budget articles

 

 2021-08-11 13:46

 

 

Shafaq News/ The Parliamentary Committee to monitor the implementation of the government program and strategic planning confirmed on Wednesday that the government has not implemented the articles and paragraphs of the General Budget Law for the year 2021 until now.

 

Committee member Muhammad Al-Baldawi told Shafaq News Agency, "The government has not implemented many articles and paragraphs of the general budget law for the current year until this moment due to the objection and observations of the Ministry of Finance and other ministries on the articles of the law, which led to the delay in its implementation."

 

He pointed out that "there is work and movement by the committee to monitor the implementation of the parliamentary government program on the Ministry of Finance and the government to implement the articles and paragraphs of the budget law," stressing that "any delay in implementing the budget will harm the citizen and state departments and institutions."

 

Regarding the budget law for the year 2022, Al-Baldawi pointed out that "the next parliament will vote on the budget in coordination with the government that will be formed after the upcoming elections."

 

It is noteworthy that the General Secretariat of the Council of Ministers, announced on May 15, that the federal government has officially submitted an appeal to some provisions of the budget, and asked the Federal Court to issue a state order to stop the work of those items.

 

The secretariat explained that the legal department in it submitted the appeal to some of the budget items for violating the government program and the principle of separation of powers, with a request from the Federal Court to issue a wilaya order; To suspend the work of these provisions until the case before it is decided.

 

The Iraqi parliament had approved the beginning of last February, the country's financial budget for the current year, with a total expenditure value of 129 trillion dinars, and a deficit of 28 trillion.

 

The budget was approved after months of disputes, as well as after Parliament reduced the value of expenditures provided by the government, which is 164 trillion dinars.

[yota691]

Parliamentary Planning: The government has not yet implemented the budget law

http://aliraqnews.com/wp-content/uploads/2021/08/Untitl9999ed.png

Last updated: August 12, 2021 - 2:14 pm

It is noteworthy that the General Secretariat of the Council of Ministers announced, on May 15, that the federal government formally submitted an appeal to some provisions of the budget, and asked the Federal Court to issue a state order to stop the work of those items. the principle of separation of powers, with the request of the Federal Court to issue a writ; To stop the work of these items until the issue before it is resolved. The Iraqi parliament had approved in early February the country’s financial budget for the current year with a total expenditure value of 129 trillion dinars, and a deficit of 28 trillion. The budget was approved after months of disputes, as well as after Parliament reduced the value of expenditures provided by the government, which is 164 trillion dinars. The secretariat explained that the legal department in it submitted the appeal to some of the budget items for violating the government program and the principle of separation of powers, with a request from the Federal Court to issue a wilaya order; To stop the work of these items until the issue before it is resolved. The Iraqi parliament had approved in early February the country’s financial budget for the current year with a total expenditure value of 129 trillion dinars, and a deficit of 28 trillion. The budget was approved after months of disputes, as well as after Parliament reduced the value of expenditures provided by the government, which is 164 trillion dinars. The secretariat explained that the legal department in it submitted the appeal to some of the budget items for violating the government program and the principle of separation of powers, with a request from the Federal Court to issue a wilaya order; To stop the work of these items until the issue before it is resolved. The Iraqi parliament had approved in early February the country’s financial budget for the current year with a total expenditure value of 129 trillion dinars, and a deficit of 28 trillion. The budget was approved after months of disputes, as well as after Parliament reduced the value of expenditures provided by the government, which is 164 trillion dinars.

[horsesoldier]

Good God Almighty.....what a mob of jabbering mental defectives. Quit dragging EVERYTHING thru weeds and .... JUST GET ON WITH IT !!!!! 
 

IMPLEMENT - IMPLEMENT - IMPLEMENT you mutant screw heads !!!   

[ronscarpa]

10 hours ago, yota691 said:

Parliamentary Planning: The government has not yet implemented the budget law

 

 

7 hours ago, horsesoldier said:

Good God Almighty.....what a mob of jabbering mental defectives. Quit dragging EVERYTHING thru weeds and .... JUST GET ON WITH IT !!!!! 
...IMPLEMENT - IMPLEMENT - IMPLEMENT you mutant screw heads !!!   

 

Thanks Yota & HorseSoldier...! 

[yota691]

Parliamentary Finance determines the fate of the deficit and hints at a surplus in the 2021 budget

 Economie

 

 Today, 11:07

Baghdad - conscious - Nassar al-Hajj

Today, Friday, the Parliament’s Finance Committee suggested achieving a surplus in the federal general budget for the current fiscal year 2021, due to the increase in oil export prices above the planned rate in the budget law.

Committee Rapporteur Ahmed Al-Saffar said in a statement to the Iraqi News Agency (INA): “Calculating the financial deficit is annually and not monthly, but by calculating oil revenues during the first six months of this year, it is noted that the difference between the selling price of oil and the rate of the planned price in the budget law covers the deficit.” In full, if the same rate is calculated for the next six months.

Al-Saffar added that "expectations indicate a rise in oil prices, and they are now constantly rising, and perhaps the deficit will be covered and a surplus will also be achieved as a result of the rise in oil prices and the change in the exchange rate of the dinar and its reduction against the dollar, which provided the government with sums that can cover the deficit and more."

On the 14th of last July, the Federal Supreme Court postponed the date for appealing the Federal Budget Law for the fiscal year 2021, as a judicial source stated to the Iraqi News Agency (INA), that the Federal Supreme Court postponed the date for appealing the Federal Budget Law for the fiscal year 2021, to the twenty-fourth of this month. .

•  

[yota691]

We have debts and our projects are on hold.”

Governorates in the South: 8 months have passed and we have not received our money in the 2021 budget

•  Yesterday, 21:31
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Baghdad - IQ  
 

Governorates in southern Iraq complained about the delay in disbursing the financial allocations approved for them in the general budget for the current year 2021, and said that this directly affects the completion of service projects.

Parliament passed the fiscal budget for 2021, on March 31, and its total expenditures amounted to about 88 billion dollars, and included a deficit of about 19 billion dollars.

The deputy governor of Maysan, Wael Al-Shara, told  IQ News , "Most of the projects and plans that depend on the funds allocated to Maysan within the fiscal budget for 2021, have been suspended so far," noting that "the Ministry of Finance launched a few days ago only a few percentage of the governorate's share in the budget." .

Al-Shara asks: "How can we complete the projects and plans if the ministry delays the payment of the full dues when we have completed 8 months of the year."

Diwaniyah Governorate is suffering the same thing, according to Deputy Governor Faris Wanas, who says that his governorate received a few days ago 20 percent of its share in the financial budget.

Speaking to  IQ News , Ounass explained, "Most of this money will go to fill a diwan owed by the local government in favor of companies and contractors... Many matters and projects are suspended in Diwaniyah because its share of the budget has not been spent."

He also wonders, "When will we pay off our debts or implement our plans?"

Revenues were calculated in the 2021 budget on the basis of an average price of $45 per barrel of oil, which represents the basic income for Iraq, but the price rose later until it exceeded $70 per barrel.

The governorates of central and southern Iraq have witnessed demonstrations in the past years and months to protest against the lack of services, the spread of corruption and unemployment, during which protesters and security forces were killed and injured.

 

[yota691]

Parliamentary “Finance” expects to achieve a surplus in Iraq’s budget 2021

Iraqi parliament

 August 13, 2021 12:26 PM

 

 

Live: The Finance Committee of the Iraqi Parliament suggested, today, Friday, a surplus in the federal general budget for the current fiscal year 2021, due to the increase in oil export prices above the planned rate in the budget law.

Committee Rapporteur Ahmed Al-Saffar said in a statement to the Iraqi News Agency (INA): “Calculating the financial deficit is annually and not monthly, but by calculating oil revenues during the first six months of this year, it is noted that the difference between the selling price of oil and the rate of the planned price in the budget law covers the deficit.” In full, if the same rate is calculated for the next six months.

Al-Saffar added that "expectations indicate a rise in oil prices, and they are now on a continuous rise, and perhaps the deficit will be covered and a surplus will also be achieved as a result of the rise in oil prices and the change in the exchange rate of the dinar and its reduction against the dollar, which provided the government with sums that can cover the deficit and more."

On the 14th of last July, the Federal Supreme Court postponed the date for appealing the Federal Budget Law for the fiscal year 2021, as a judicial source stated to the Iraqi News Agency (INA), that the Federal Supreme Court postponed the date for appealing the Federal Budget Law for the fiscal year 2021, to the twenty-fourth of this month. .

[horsesoldier]

Here we go again.....8 months late, projects on hold, etc. etc. etc. etc. As the months rolled by this scenario certainly appeared to become realized, didn’t it.

Yep, I know: it’s a rhetorical question 

[WheresmyRV?]

So whats the point of them fussing and cussing on trying to approve a budget for 6 months, then when they finally agree on something they never open the new budget up?  I will never understand the mentality of them people over there.