Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Adviser to the Prime Minister: The preparation of the draft budget for 2022 has been completed... and the date for its discussion is revealed


Recommended Posts

  •  Time: 09/10/2021 09:09:13
  •  
  •  Reading: 3,458 times
In numbers and details.. the 2022 budget and a precedent that did not happen before
  
{Economic: Al Furat News} The financial advisor to the Prime Minister, Mustafa Al-Kazemi, revealed the completion of the draft federal budget bill for 2022.

Mazhar Muhammad Salih said in a press statement, "The financial authority represented by the Federal Ministry of Finance is close to completing the preparation of the draft federal budget bill for 2022," noting that "the Budget Strategic Committee and through its meetings held in more than 24 meetings throughout the year, I have concluded that the spending ceiling in the 2022 budget will not exceed the spending ceiling in the 2021 budget, and if there is an increase, it is likely to be 10%.”
He added, "The only thing that has been updated in the 2022 budget, is that the price of a barrel of oil will be around $50 per barrel, as announced by the Minister of Finance, and there are non-oil revenues that are supposed to increase, and therefore the assumed deficit that was proven in the 2021 budget is up to 29 trillion dinars." It is expected that it will decrease to 18-20 trillion dinars, which will lead to a decrease in the deficit and an increase in revenues.”
He pointed out that "this budget may be legitimate if it is submitted to the Council of Ministers before the government enters the stage of conducting business, or Parliament suspends its work," noting that "according to the available information, the draft budget is prepared and will be submitted in the near future."
And he indicated that "the budget was dealt with with high impartiality and outside political disputes, and enjoys high transparency, and that it included applications of the reform white paper, especially with regard to diversifying non-oil sources, addressing waste and unnecessary expenditures, and directing expenditures correctly," he said.
Saleh added, however, that "the 2022 budget may be more balanced, stable, and open to investments more broadly than the 2021 budget, and its coming after Covid 19 also has accounts," noting that "it is certain that the endeavors to complete the draft budget are devoid of any political interests." On the grounds that it tends here and there, and one of its principles is social justice and the fair distribution of income as much as possible.
He stressed that "it was prepared without any political pressure, because the government is essentially independent by nature, and outside of political pressure, and I am confident that it was prepared with a high professionalism outside of any political biases, and that the days will prove that," noting that "the share of the Kurdistan Region when assessed, It will be taken with high justice, realism, and harmony consistent with the national unity of Iraq."
And Finance Minister Ali Allawi had announced on August 26, today, Thursday, the completion of the preparation of the 2022 budget, and that it will be presented within 3 weeks in the Council of Ministers,” noting that “the price of a barrel of oil in the 2022 budget will be $50.”
It is noteworthy that the government specified in this budget In 2021, the price of a barrel of oil is based on $ 42 per barrel and an export rate of 3.25 million barrels per day, but Parliament calculated it at a price of up to $ 45, using the Iraqi currency in evaluating the price of a barrel instead of the dollar, which ended a major political debate about restoring government support to the value of the dinar. Iraq against the dollar.
With regard to the Kurdistan region, the budget obligated the region to pay at least 250 thousand barrels per day from the production of oil fields in the Kurdistan region to the Iraqi government for export, in return for paying the salaries of employees working in the Kurdistan region, and settling the related dues between the two sides, after being audited by the Financial Supervision Bureau. .

  • Thanks 3
Link to comment
Share on other sites

138668.jpg?resize=696%2C392&ssl=1

Yes Iraq: Baghdad

A member of the Parliamentary Finance Committee, Jamal Cougar, stated that it is impossible to approve the 2022 budget in the remaining days of Parliament’s life, unless the elections are postponed.
Cougar suggested that the issue of approving the budget would be moved to March of next year.
Korger added that despite the federal government’s talk about preparing the ministries of finance and planning a draft budget bill for next year, it is still unknown whether it was initially prepared or whether it is ready to be sent to the House of Representatives, who said that even if it reaches it, Parliament will not be able To be approved due to time constraints.

  • Like 1
  • Thanks 1
  • Pow! 1
Link to comment
Share on other sites

Iraqi Planning reveals new details about the 2022 budget

Iraqi Planning reveals new details about the 2022 budget
Iraqi Ministry of Planning
 

Mubasher: The Iraqi Undersecretary of the Ministry of Planning, Maher Hammad Johan, revealed today, Thursday, new details regarding the 2022 budget, while specifying the percentage of the deficit in it.

 

Johan said that "a meeting was held to form a small committee headed by the Minister of Finance with the aim of drafting the budget, which was submitted to the Budget Strategy Committee and submitted to the Council of Ministers," according to the Iraqi News Agency.

He pointed out that "the initial price of a barrel of oil in the budget is 50 dollars, subject to increase and decrease."

He added, "The total amount of the budget is not definitively estimated, but does not exceed 120 to 140 trillion dinars, which is a large number, and the deficit will not be less than 20% based on the supply of requests and expected revenues at best."

He continued, "The vote on the budget cannot be resolved now, especially since the issue is still in the process of preparations," explaining, that "sending the budget to the Council of Ministers and voting on it during this period is above a miracle."

On August 26, Finance Minister Ali Allawi announced the completion of the preparation of the 2022 budget, while indicating that it would be presented within 3 weeks in the Council of Ministers.

  • Thanks 3
  • Upvote 1
Link to comment
Share on other sites

   The 2021 Iraq budget was set at 1450 per $1USD . The exchange rate must be included in any budget . At this point in time , the Iraq deficit ,approximately $30 billion , is 1/3 of their assets, $90 billion . The interest rate of the CBI is 4% ,flatlined since 2010. Inflation is not a problem for sure . Iraq is sitting pretty financially ,their biggest hurtle now being the safety and security of all individuals . 

  • Like 1
  • Thanks 6
  • Pow! 2
Link to comment
Share on other sites

1352016z1.jpg

Al Noor News/ Baghdad

Today, Sunday, the Ministry of Planning announced the formation of a mini-committee to proceed with the legislation of the 2022 budget, while indicating that the ministries and governorates will present their strategic visions for the next three years.

The Undersecretary of the Ministry of Planning, Maher Johan, said in a statement to the official agency, that "the strategic committee for preparing the budget for next year has reached its final stages," noting that "a small committee was formed to proceed with passing the 2022 budget while responding to all requirements."

He added, "The mini-committee headed by the Minister of Finance and the membership of most of the concerned parties, including planning, is working on sending an image to respond to the requirements of society and the economy."

He pointed out that "all ministries and governorates presented their strategic visions for 2022 in addition to the budgets for the next three years," explaining that "the government has a duty to clearly prepare the budget file for the next parliament."

He referred to "the pursuit of reform paths for the general budget file and the structure of spending and revenues," noting that "the budget is an annual file for financial dealings, but the slow pace of legal procedures and their changes make it a tool for improving laws."

And he indicated that "the Maronites are a legal obligation with the people, and any shyness in approving it until after the elections affects the Iraqi street because it is the main feeder and the state's public expenditure."

  • Pow! 4
Link to comment
Share on other sites

Iraq announces the formation of a mini-committee to legislate the 2022 budget

Iraq announces the formation of a mini-committee to legislate the 2022 budget
archive photo
 

 

 

Mubasher: The Iraqi Ministry of Planning announced, today, Sunday, the formation of a mini-committee to proceed with the legislation of the 2022 budget, headed by the Minister of Finance and with the membership of most of the concerned authorities.

The Undersecretary of the Ministry of Planning, Maher Johan, said in a statement to the Iraqi News Agency (INA), that "the strategic committee for preparing the budget for next year has reached its final stages."

He pointed out that "all ministries and governorates presented their strategic visions for 2022, in addition to the budgets for the next three years, explaining that the government has a duty to clearly prepare the budget file for the next parliament."

"Johan" pointed to "the pursuit of reform paths for the public budget file and the structure of spending and revenues," noting that "the budget is an annual file for financial dealings, but the slowness of legal procedures and their changes make it a tool for improving laws."

And he indicated that "the Maronites are a legal obligation with the people, and any delay in approving it until after the elections affects the Iraqi street because it is the main feeder and the state's public expenditure."

  • Thanks 2
  • Haha 1
Link to comment
Share on other sites

 
28976.jpg
 
  

 money and business


Economy News _ Baghdad

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, warned, on Monday, of "constitutional embarrassments" that he said would stand in the way of enacting the federal budget law for the next year.

Saleh said in a press interview, "The submission of the 2022 budget bill is committed to constitutional timings, but the approaching date of early elections and the suspension of Parliament's work will stand in the way of passing the 2022 draft budget," suggesting that next year's draft budget will be presented to the Council of Ministers during the next period of the year. current.

He added, "The transformation of the government's work after the elections to a caretaker government will also be an obstacle to the 2022 budget."

He pointed out that if the draft budget reaches the current parliament, it will pave the way for the parliamentary session so that it is ready to vote.

 
 
Views 216   Date Added 09/13/2021
  • Thanks 3
Link to comment
Share on other sites

 
8732.jpg
Ministry of Planning building
  

 money and business


Economy News - Baghdad

On Thursday, the Central Statistical Organization of the Ministry of Planning revealed its latest preparations to conduct a population census, and while it indicated that there is a government tendency to allocate an amount from the 2022 budget for the census, it confirmed that the most prominent problems had been overcome.

The head of the agency, Diaa Awad, said, "There is a directive from the Prime Minister to the Parliamentary Finance Committee to allocate an amount from the 2022 budget for the population census," noting that "this directive is an impetus for implementing the census work," according to "Aware."

He added, "If the amount is added in the next budget and health conditions improve, and approval of the budget is not delayed long and sufficient time is given, there will be a statement issued by the Minister of Planning to implement and determine the date of the general population census," noting that "there are preparations to prepare the infrastructure as devices (servers). ) and the purchase of devices (tablets) and tests for some tribal experiments in some governorates, because the census will be electronic and with self-efforts by the Central Bureau of Statistics.

Awad stressed that "these electronic systems need to conduct experiments and field tests," pointing out that "the problem of placing nationalism within the census has been overcome and the question of nationalism has been raised about the form."

He continued, "All matters are prepared for conducting the general population census, and we are waiting for the health conditions to improve from the Corona pandemic and to approve the budget soon to implement the general population census," explaining, "If the budget is not approved, many procedures will be delayed."

He expressed his hope "to expedite the approval of the budget during the new parliamentary session to work on conducting the population census," explaining that "the census is a huge and large work that requires preparations and must allow sufficient time for its implementation."

 
 
Views 58   Date Added 09/16/2021
  • Thanks 2
Link to comment
Share on other sites

Planning: We called for 120 billion dinars to be allocated in the 2022 budget for this project

  •  Today, 10:02
  •  
  •  
  •  217

upload_1631775736_62315580.jpg

 

Baghdad - IQ  

The Ministry of Planning reported on Thursday (September 16, 2021) that it had submitted a request to the Council of Ministers to allocate an amount of 120 billion Iraqi dinars in order to conduct the general population census that was scheduled to take place during the current year.

The spokesman for the ministers, Abdul-Zahra Al-Hindawi, told  IQ News , "The ministry presented the draft of the general population census in the previous cabinet session, and the Speaker of the Council, Mustafa Al-Kazemi, directed the special committee to prepare the 2022 budget bill to include the project."

He added that "Al-Kazemi's directive is binding and there is no return to it and will be taken into consideration by the budget preparation committee," noting that "the census was delayed in 2021 due to the lack of financial allocations to implement the project in the current year's budget."

And he indicated that "the ministry asked the Council of Ministers to allocate an amount of 120 billion Iraqi dinars for the implementation of the project in all cities of the country."

It is noteworthy that the project of the general census of the population in Iraq was hampered by the economic conditions that the country experienced, followed by the outbreak of the Corona virus in Iraq in February 2020, and the consequent preventive measures.

 

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

Parliamentary Finance: The 2022 budget will be prepared in this way

 

 

716 Policy 2021/09/19 15:42 Baghdad today -

Baghdad Today, Sunday, the Parliamentary Finance Committee revealed the form of a draft budget law for the year 2022, while confirming that passing this law will be one of the tasks of the new Iraqi parliament. Committee member Muhammad Al-Shabki told (Baghdad Today), that "the draft budget law for the year 2022 will be prepared according to the ministerial program for the new Iraqi government that will form after the early elections," noting that "the new government will put its touches on the law according to its program." . Al-Shabki indicated that "the new government may have a vision that differs from the current government, with regard to the issue of the dollar exchange rate or the selling prices of oil, especially since the new parliament will also have a position regarding the issue of the dollar exchange rate because this issue has an impact on the economic situation of citizens, especially The need to raise the exchange rate has ended with the increase in oil selling prices."

  • Thanks 4
  • Upvote 2
Link to comment
Share on other sites

On 9/13/2021 at 8:06 AM, yota691 said:

Iraq announces the formation of a mini-committee to legislate the 2022 budget

Iraq announces the formation of a mini-committee to legislate the 2022 budget
archive photo
 September 12, 2021 09:45 PM

 

 

Mubasher: The Iraqi Ministry of Planning announced, today, Sunday, the formation of a mini-committee to proceed with the legislation of the 2022 budget, headed by the Minister of Finance and with the membership of most of the concerned authorities.

The Undersecretary of the Ministry of Planning, Maher Johan, said in a statement to the Iraqi News Agency (INA), that "the strategic committee for preparing the budget for next year has reached its final stages."

He pointed out that "all ministries and governorates presented their strategic visions for 2022, in addition to the budgets for the next three years, explaining that the government has a duty to clearly prepare the budget file for the next parliament."

"Johan" pointed to "the pursuit of reform paths for the public budget file and the structure of spending and revenues," noting that "the budget is an annual file for financial dealings, but the slowness of legal procedures and their changes make it a tool for improving laws."

And he indicated that "the Maronites are a legal obligation with the people, and any delay in approving it until after the elections affects the Iraqi street because it is the main feeder and the state's public expenditure."

So is the mini committee going to legislate and pass to council of ministers?

Link to comment
Share on other sites

2 hours ago, screwball said:

So is the mini committee going to legislate and pass to council of ministers?

From the articles once the election results are tallied, a new parliment will be seated. It will remove the old corrupt, chaos do nothing but stall and steal, will be replaced by folks that will move legislation foward. The articles call them Important Laws. ie Oil and Gas Law

 

 

One other thing, parliment still has it powers, for Iraq and the people. It's best they don't convene a session, prior to 10/10/2021 to throw a wrench in the process and delay or cause chaos...GM DV

  • Thanks 9
  • Upvote 2
Link to comment
Share on other sites

After the rise in oil prices... Surprising statements from Parliamentary Finance regarding the price of the dollar and the 2022 budget

2592021102020190830_015040-880.jpg
 
 
 

PM:01:20:25/09/2021

2224 views

 
 
A member of the Parliamentary Finance Committee, Muhammad Al-Shabki, confirmed, on Saturday, that the rise in the price of oil will not change the exchange rate of the dollar against the Iraqi dinar, and return it to its previous position, noting that 2022 will be without a budget.
Al-Shabki said in an exclusive statement to NRT, today (September 25, 2021), that "despite the rise in the price of a barrel of oil, there will be no change in the dollar's exchange rate against the Iraqi dinar, and it will remain unchanged."
He added, "There will be no budget in 2022, and the government will rely on the Financial Management Law - Article 27, and it will work according to the 2021 budget."
Al-Shabki expected that "the formation of the next government will be delayed until June 2022, and this leads to a delay in approving the budget law for the year 2022, because it requires at least three months between discussions and legislation."
Al-Shabki concluded his statement by saying: "Changing the dollar exchange rate is not within the competence of Parliament, and it is a fiscal policy for the government and the Central Bank."
  • Like 1
  • Thanks 4
  • Upvote 1
Link to comment
Share on other sites

On 9/24/2021 at 8:24 AM, yota691 said:

From the articles once the election results are tallied, a new parliment will be seated. It will remove the old corrupt, chaos do nothing but stall and steal, will be replaced by folks that will move legislation foward. The articles call them Important Laws. ie Oil and Gas Law

 

 

One other thing, parliment still has it powers, for Iraq and the people. It's best they don't convene a session, prior to 10/10/2021 to throw a wrench in the process and delay or cause chaos...GM DV

Yota I enjoy reading your thoughts and quotes on all of this, thank you for all you do here for us. :twothumbs:

  • Like 1
  • Upvote 5
  • Pow! 2
Link to comment
Share on other sites

 
 2021-09-26 05:30
 

 

Shafaq News/ Mazhar Muhammad Salih, the financial and economic advisor to the Iraqi Prime Minister, revealed today, Sunday, the priority in the draft budget law for the year 2022.

 

Saleh told Shafaq News Agency, "The priority in the draft budget law for the year 2022 will be to pay the external and internal debts owed by Iraq, because failure to pay them is considered a failure and a not good international financial indicator."

 

And he indicated that "nine trillion dinars of debt services (installments and interests) will be paid from the 2022 budget, and the interest in paying foreign debts falls within the country's good credit rating."

 

Saleh added that "the draft budget law for the year 2022, so far, has not been completed and work is continuing to complete the project as soon as possible."

 

And Finance Minister Ali Allawi had announced on the sixth of last August that the 2022 budget, which the ministry began preparing a few days ago, will have a reformist dimension, as it is "different from previous budgets" and reflects "the reality of Iraq's obligations."

 

In statements to a group of journalists, the minister explained that the ministry will seek to submit this new budget to Parliament before the early parliamentary elections scheduled for October, adding that it will be a "reform budget, but it may be politically difficult."

  • Thanks 5
Link to comment
Share on other sites

The government reveals what it will pay in foreign debts and interests in the 2022 budget
  
{Economic: Al-Furat News} The government revealed the amount of foreign debt and interest from loans on Iraq during the next financial budget 2022.

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said, in a press statement, that "the next budget has given priority to paying the external and internal debts owed by Iraq, because failure to pay them is considered a failure and a bad international financial indicator."

And he indicated that "the budget will pay 9 trillion dinars of debt services (installments and interests)".

Saleh added, "The interest in repaying foreign debts falls within the country's good credit rating."

And Finance Minister Ali Allawi had revealed earlier that the volume of foreign debts on Iraq amounted to 60 billion dollars, and the interior was 70 trillion dinars.

  • Thanks 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.