By 2023.. Warnings of disruption of public life and suspension of salaries

[keylime]

3 hours ago, horsesoldier said:

 

We're on the road to nowhere with these people aren't we.

we blew past nowhere a long time ago. 

[horsesoldier]

1 hour ago, keylime said:

we blew past nowhere a long time ago. 

 

Guess we're in the middle of nowhere,Huh. 

Thought it looked familiar

[WheresmyRV?]

6 hours ago, horsesoldier said:

 

We're on the road to nowhere with these people aren't we.

Starting to look that way 

[yota691]

The 2022 budget...no solutions in sight

Monday 04 April 2022 134

 

 Baghdad: Huda Al-Azzawi

 

Despite the proposals and proposals of the legislative authorities regarding addressing the high prices and the deteriorating economic situation of a large segment of citizens by passing emergency support laws or allocating 25% of the budget amounts to ministries related to the citizen’s livelihood, and other proposals, all of them, especially legislation and approval of a budget for the current year 2022, collide with laws and regulations internal executive branch. 

The New Generation bloc recently called on the current government to send the 2022 budget and stressed that there is no objection to sending the budget from a caretaker government, because this happened in previous governments, according to the movement’s expression.

[coorslite21]

FINANCE COMMITTEE ANNOUNCES OIL PRICE IN DRAFT OF IRAQI BUDGET LAW

 

PM:10:31:06/04/2022

1156 View

 

SULAIMANI — The finance committee in the Iraqi parliament said on Wednesday (April 6) the price of oil has been set at $75 per barrel in the draft of the 2022 federal budget law.

Mashaan Jabouri, a member of the finance committee, told Iraqi News Agency (INA) the figure was reasonable considering the rise in the oil price on international markets.

Jabouri said it was not logical economically to reduce the value of the dollar against the dinar, adding the government, the minister of finance and the Central Bank of Iraq believe the low value of the dinar poses a risk to the Iraqi economy long-term.

The Iraqi government and the Central Bank of Iraq instituted changes in December 2020 that brought down the value of the dinar and the exchange rate in relation to dollars, from 118,000 IQD to $100 to the rate of 145,000 IQD.

He stated issues with the food security law currently being discussed in parliament would delay the approval of the 2022 budget, adding the law would provide emergency funds that the government couldn’t touch.

The Iraqi government has struggled to deal with protests over mounting food costs, announcing a suspension to the customs duties on food products and monthly stipends to aid pensioners and low-income civil servants.

The Iraqi Ministry of oil announced on Saturday more it exported more than 100 million barrels of oil at above $11 billion in March, the highest level since 1972. Oil exports account for above 90 percent of Iraq’s income.

The current price of oil on the international market as of April 6 stands at $101 per barrel. Prices have risen steadily since the beginning of the Russia-Ukraine war.

(NRT Digital Media)

 

https://nrttv.com/En/detail6/3056

 

[yota691]

Iraq announces the selling price of a barrel of oil within the draft budget 2022

The price of a barrel of oil in Iraq's budget

 April 06, 2022 08:08 PM

 

Mubasher: The Parliamentary Finance Committee in Iraq set, today, Wednesday, the selling price of a barrel of oil within the draft federal budget law for 2022, at $75.  

A member of the committee, Mishaan al-Jubouri, said in a statement to the Iraqi News Agency (INA), that "setting $75 as a price per barrel of oil within the budget is logical in light of the rise in the markets."

He added, "Any talk about reducing the price of the dollar against the dinar is not economic, and the government, the Minister of Finance and the Central Bank believe that it poses a long-term danger to the Iraqi economy, and this is something that never happens."

He pointed out that "the defect in the delay in approving the budget will be addressed through the Food Security Law, which is being discussed now within the Parliamentary Finance Committee," noting that "the goal of this law is to provide all emergency funds that the government cannot use and spend on them according to the 1/12 system." .

He added, "The coverage of those funds is done from the financial abundance due to the rise in oil prices. It goes to the fund, in which 25 trillion or a little less will be placed, and the other part goes to repay the public and private debt."

[yota691]

Adviser to Al-Kazemi: Iraq is in an excellent financial situation, and it is time to quickly approve the budget

• Time: 04/08/2022 14:26:01
•  
• Reading: 533 times

  

{Economic: Al Furat News} A financial advisor to the Prime Minister, Mustafa Al-Kazemi, described the financial situation in Iraq, which is derived from crude oil revenues, as "excellent."

Mazhar Muhammad Salih told {Euphrates News}, "Iraq is in an excellent financial position at the present time, as during the past month, oil revenues increased to 11 billion dollars, and this is a very large number that has not been recorded for five decades."
He stressed that "this is a positive aspect, regardless of the profitability of the economy."
Saleh added, "We imagine that it is time to present the financial budget law as soon as possible, especially since its draft for 2022 has been prepared for a long time and can be submitted and some amendments made to it."
The Ministry of Oil, on the first of this April, announced that it had exported more than 100 million barrels during the month of March, achieving revenues that exceeded 11 billion dollars, which is the highest financial revenue achieved since 1972, according to the ministry.

Raghad Daham

[yota691]

The contribution of oil to the Iraqi budget rises to 94%

APRIL 13, 2022

3

 

The Ministry of Finance issued the Iraqi state accounts for the month of January for the fiscal year 2022, which indicated a decline in the contribution of the non-oil sectors to 6%, while an economic expert attributed this to the rise in global oil prices.

Al-Sharq Telescope followed the data and tables issued by the Ministry of Finance in the current month of April for the accounts of last January, which showed that oil is the main resource for Iraq’s general budget, as it rose by 5.62% from last December, bringing the contribution of oil to the general budget to 94%, after it was 89% Last December, which indicates that the rentier economic system is the basis of its general budget.

 

Through the financial tables, it is indicated that the total oil revenues for the month of January amounted to 10 trillion and 899 billion and 415 million and 915 thousand and 534 dinars, which represents 94% of the total revenues, while the total non-oil revenues amounted to 695 billion and 872 million and 729 thousand and 30 dinars. 6% of the total revenues, while the total oil and non-oil revenues amounted to 11 trillion and 595 billion and 288 million and 644 thousand and 554 dinars, which is 144% higher than the same period last year 2021, which amounted to 4 trillion and 744 billion dinars as a result of high oil prices.

 

According to the finance report, the non-oil revenues for the month of last January came from the current revenues represented by oil revenues and mineral wealth, amounting to 10 trillion, 853 billion and 496 million and 795 thousand and 32 dinars, and it came from taxes on income and wealth at 41 billion and 18 million and 559 thousand and 210 dinars. And it also came from commodity taxes and production fees at 63 billion and 996 million and 115 thousand and 583 dinars. It also came from fees that amounted to 102 billion and 631 million and 746 thousand and 567 dinars and from the share of public sector profits of 46 billion and 57 million and 257 thousand and 389 dinars and from transfer revenues that amounted to 387 billion and 244 million and 110 thousand and 958 dinars and from other revenues of 95 billion and 908 million and 666 thousand and 186 dinars.

 

It also came from capital revenues, which amounted to 4 billion and 935 million and 393 thousand and 6280 dinars.

 

For his part, the economic expert, Hilal Al-Tahan, said in an interview with Shafaq News Agency that "the rise in global oil prices was behind the increase in the proportion of oil's contribution to the federal budget at the expense of non-oil revenues during the month of January," noting that "this rise does not mean a decline in non-oil revenues. its contribution to the budget.

 

He added, "The non-oil revenues remain unchanged, the main reason behind the decrease in their percentage in the budget compared to the rise in oil prices, whose rise exceeded more than 50% compared to what was recorded in the same period last year."

 

He pointed out that "the process of transformation from the rentier economy needs a complete development of the Iraqi economy through operating the production process in Iraq and developing the backbone of the economy from agriculture and industry, which is still underdeveloped and its low contribution, which does not contribute more than 2 to 4 percent of the gross domestic product," adding that "Iraq still depends in the provision of goods and merchandise on the foreign importer, at a rate of more than 90 percent."

 

The Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, had confirmed in March 2021 in an interview with Shafaq News Agency that the reasons for the economy remaining rentier are due to wars and the imposition of sieges during the past era and the political conflicts we are witnessing today, which led to the dispersal of economic resources.

 

He pointed out that "development, stability, diversification of the economy, and the transition from a rentier economy require political stability and stable institutions, which is what the state has missed over the years."

 

The state’s continued dependence on oil as the only source of the general budget makes the country at risk from global crises that occur from time to time due to the impact of oil on it, which makes Iraq tend every time to cover the deficit by borrowing from abroad or inside, which thus indicates the inability to manage funds The state effectively, and the inability to find alternative financing solutions.

[yota691]

 

The contribution of oil to the Iraqi budget rises to 94%

 

 2022-04-13 05:29

 

Shafaq News/ The Ministry of Finance issued the Iraqi state accounts for the month of last January for the fiscal year 2022, which indicated a decline in the contribution of the non-oil sectors to 6%, while an economic expert attributed this to the rise in global oil prices.

Shafak News Agency followed the data and tables issued by the Ministry of Finance in the current month of April for the accounts of last January, which showed that oil is the main resource for Iraq's general budget, as it rose by 5.62% from last December, bringing the contribution of oil to the general budget to 94%, after it was 89 % in the month of December, which indicates that the rentier economic system is the basis in its general budget.

Through the financial tables, it is indicated that the total oil revenues for the month of January amounted to 10 trillion and 899 billion and 415 million and 915 thousand and 534 dinars, which represents 94% of the total revenues, while the total non-oil revenues amounted to 695 billion and 872 million and 729 thousand and 30 dinars. 6% of the total revenues, while the total oil and non-oil revenues amounted to 11 trillion and 595 billion and 288 million and 644 thousand and 554 dinars, which is 144% higher than the same period last year 2021, which amounted to 4 trillion and 744 billion dinars as a result of high oil prices.

According to the finance report, the non-oil revenues for the month of last January came from the current revenues represented by oil revenues and mineral wealth, amounting to 10 trillion, 853 billion and 496 million and 795 thousand and 32 dinars, and it came from taxes on income and wealth at 41 billion and 18 million and 559 thousand and 210 dinars. And it also came from commodity taxes and production fees at 63 billion and 996 million and 115 thousand and 583 dinars. It also came from fees that amounted to 102 billion and 631 million and 746 thousand and 567 dinars and from the share of public sector profits of 46 billion and 57 million and 257 thousand and 389 dinars and from transfer revenues that amounted to 387 billion and 244 million and 110 thousand and 958 dinars and from other revenues of 95 billion and 908 million and 666 thousand and 186 dinars.

It also came from capital revenues, which amounted to 4 billion and 935 million and 393 thousand and 6280 dinars.

For his part, the economic expert, Hilal Al-Tahan, considered in an interview with Shafaq News that "the rise in global oil prices was behind the increase in the proportion of oil's contribution to the federal budget at the expense of non-oil revenues during the month of January," noting that "this rise does not mean a decline in non-oil revenues. its contribution to the budget.

He added, "The non-oil revenues remain unchanged, the main reason behind the decrease in their percentage in the budget compared to the rise in oil prices, whose rise exceeded more than 50% compared to what was recorded in the same period last year."

He pointed out that "the process of shifting from the rentier economy needs a complete development of the Iraqi economy through operating the production process in Iraq and developing the backbone of the economy from agriculture and industry, which is still underdeveloped and its low contribution, which does not contribute more than 2 to 4 percent of the gross domestic product," adding that "Iraq still depends in the provision of goods and merchandise on the foreign importer, at a rate of more than 90 percent."

The Prime Minister's Adviser for Financial Affairs, Mazhar Muhammad Salih, had confirmed in March 2021 in an interview with Shafaq News Agency that the reasons for the economy remaining rentier are due to wars and the imposition of siege during the past era and the political conflicts we are witnessing today, which led to the dispersal of economic resources.

He pointed out that "development, stability, diversification of the economy, and the transition from the rentier economy require political stability and stable institutions, which is what the state has missed over the years."

The state’s continued dependence on oil as the only source of the general budget makes the country at risk from global crises that occur from time to time due to the impact of oil on it, which makes Iraq tend every time to cover the deficit by borrowing from abroad or inside, which thus indicates the inability to manage funds The state effectively, and the inability to find alternative financing solutions.

[6ly410]

Al-Sudani: Parliament supports any legal process regarding the budget

Last update 04/15/2022 | 5:57 PM

https://almaalomah-me.translate.goog/2022/04/15/593006/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

Information/Baghdad...

Today, Friday, a member of the House of Representatives, Muhammad Shiaa Al-Sudani, affirmed the parliament’s support for any constitutional legal solution formula that allows the discussion and approval of the general budget 2022, stressing that Parliament will be present for any legal treatment regarding the budget.

Al-Sudani told the Iraqi News Agency (INA), that “Parliament will be present for any legal treatment of the abnormal situation, in which the state of political obstruction and the survival of the caretaker government remains the same, especially since it has limited powers according to the constitution and the law, but the Parliament must intervene in relation to the budget law. “.

He added, "The budget law is the most important law, so if there is a legal basis that allows the government to send a law or through a decision of the House of Representatives to be a legislative cover or a legitimate legal cover, and therefore there is nothing wrong with making this decision."

He continued, "in order to prepare a draft budget law that addresses all crises and challenges facing citizens and public life, and solves the problems facing the citizen, whether living or service, as well as addressing the problem of graduates, higher degrees, lecturers and contracts who are waiting for the budget law to do justice to them."

Al-Sawadni affirmed, “The House of Representatives with any constitutional legal solution formula that addresses citizens’ problems, and Parliament will be present with all its political power to hold a session to discuss and approve the budget.”

The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, said, earlier, that “the House of Representatives will ask the current government to prepare and send the 2022 budget.” End/25

[horsesoldier]

More Jaw Flapping...get on with it.19 years in the Twilight Zone Loop is to much.

[6ly410]

ERBIL — The caretaker government of Iraq will be able to prepare the national budget bill of 2022, a member of parliament said. 

Six months after the parliamentary elections, Iraqi political parties have failed to reach a consensus and form the new government, making it more possible for a ‘constitutional vacuum’ where the Constitution might have no immediate solutions. 

Amid the ongoing political deadlock, MP Mohammed Anooz, head of the legal committee of the parliament, said the legislature is working on a formula to allow the caretaker government to be able to present the 2022 budget bill. 

"The parliament is the legislation body which is able to outline a legal formula [in this regard] to serve the interests of the citizens,” MP Anooz told Iraqi News Agency. 

He further explained that there are no legal obstacles that could prevent the caretaker government from proceeding with the budget bill. 

[6ly410]

 

A deputy resolves the matter of changing the dollar exchange rate in the next budget – urgent

Posted 16 seconds ago

https://iraqakhbar-com.translate.goog/3555736?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

news sourceBaghdad today

 

News source / Baghdad today

Baghdad today - Baghdad today, Sunday, independent MP Yasser Watut commented on the possibility of changing the exchange rate of the dollar against the Iraqi dinar during the next stage.

Watout said in a special statement to (Baghdad Today) that “changing the dollar’s exchange rate against the Iraqi dinar during the next stage is a decision in the hands of the Iraqi government exclusively, and Parliament does not have this authority, and there is no intention or governmental study for this change at all, and this is what Parliament has been informed of. officially by the relevant government agencies.

He added, "The dollar exchange rate will remain as it was proven in the 2021 budget," noting that "this price will remain fixed in the 2022 budget bill, and there is no change to this price in the near or even distant future, according to all the data

[Longtimelurker]

Happy Easter!!!

[6ly410]

An economist determines the dollar exchange rate in the 2022 budget

Last update 4/17/2022 | 5:13 pm

https://almaalomah-me.translate.goog/2022/04/17/593356/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

information/special

On Sunday, economist Basil Al-Obeidi set the dollar exchange rate in the 2022 budget.

 

Al-Obaidi said in a statement to the "Information" agency, "The exchange rate has nothing to do with preparing the federal budget, since the Ministry of Finance is responsible for its numbers, and it is the one who makes estimates of revenues and expenditures based on the contexts in which it operates," noting that "any budget that is formulated for the year 2022 will be approved by the price of The current dollar was exchanged without any change.

He added that "the political blocs can pressure towards changing the current exchange rate in a way that strengthens the dinar, which is what some expect and wish, given that most of the political blocs that entered the elections raised this slogan."

And he indicated that "the exchange rate will remain unchanged and everyone's justifications are logical. The Central Bank will argue with its agreement with the World Bank, and the Ministry of Finance will say that it compensated the poor with paragraphs that support the ration card and social protection."

He pointed out that "the opinions of experts and consultants who support the policy of stabilizing the exchange rate may appear because its change causes damage to the national economy," excluding "a change in the exchange rate during 2022."

[yota691]

Legal expert: Al-Kazemi’s government has the right to submit the 2022 budget bill, with two conditions

• Time: 04/17/2022 20:06:09
•  
• Reading: 1,287 times

  

{Politics: Al Furat News} The legal expert, Ali Al-Tamimi, clarified the law of authorizing the Al-Kazemi government the right to present the draft federal budget law for the year 2022 by the House of Representatives.

 

Al-Tamimi told Al-Furat News that: "Parliament can authorize the government to manage daily affairs the right to send the general budget law because it is related to food security, which is one of the first priorities of the caretaker government."
He added, "This mandate requires a vote of the absolute majority of the number of members, half of the total number plus one, and that this right is limited only to the budget law exclusively."
Al-Tamimi continued, "The authorization must include the approval of the final accounts of the previous year's budget in accordance with the Financial Management and Public Debt Law No. 6 of 2019."
He went on to say, "All this is in accordance with Articles 62, 5 and 61 of the Constitution and 12 and 13 of the Financial Management and Public Debt Law No. 6 of 2019 and Articles 128 to 138 of the Parliament's bylaws."

From: Raghad Daham

[yota691]

Parliamentary legal stresses work on finding a formula for budget legislation

 

 

•  Yesterday, 20:37

 

Today, Saturday, the Parliamentary Legal
Committee confirmed the possibility of legislating the 2022 budget law under the caretaker government, noting that the House of Representatives is working to find a legal formula that would allow it to be passed.
The head of the age of the Parliamentary Legal Committee, Muhammad Anouz, told Al-Iraqiya News, and it was followed by the Iraqi News Agency (INA), that "the dialogue is still continuing within the committee and the rest of the parliament members in order to find a sound legal formula that allows receiving the 2022 draft budget from the caretaker government."
He added, "The House of Representatives is the supreme legislative body, and it can provide a legal and legislative cover that allows meeting the needs of citizens, especially as the wheel of the economy awaits the financial allocations necessary to run the daily lives of citizens."
And he added, "Any talk about the possibility or not being able to submit the draft budget does not stand in front of the necessary need of the Iraqi society, especially since there is a need to launch job opportunities and sectors awaiting solutions to legislate the budget."
On the legality of enacting the budget law under the caretaker government, Anouz affirmed that, “there is no violation of the law, and what was stated in the caretaker government’s interpretation of its inability to legislate does not mean that it is a law, as there is hierarchy and the constitution defines in its eighty-fifth article the process of submitting the budget from Before the Council of Ministers, the wording of the constitutional text was absolute and general and did not specify that it is possible or not possible, and what is meant by conducting daily business has to do with the budget because the lives of citizens depend on its approval.
He stressed that "it is not correct to disrupt the budget more, and now the House of Representatives is working to find a legal formula to legislate the budget, and we believe that if it is permissible to legislate the food security law, the budget may be legislated because it is also a law, and whoever wants to challenge this before the Federal Court we tell him that he has the right to According to the law, it is not correct to further disrupt Iraq's interests in the absence of a budget."

[yota691]

Haitham Al-Jubouri: Parliament is not ready to receive the 2022 budget

 

money and business Economy News - Baghdad Today, Wednesday, the technical advisor to the Prime Minister, Haitham Al-Jubouri, confirmed that the 1/12 exchange mechanism is insufficient due to the large expansion in demand, while indicating that the situation is not ready to send the 2022 budget .   Al-Jubouri told the Iraqi News Agency, "The budget is very important because each operational budget cannot spend more than 1/12 according to Financial Management Law No. (6) and it is insufficient due to the large expansion in demand, whether at the level of salaries and promotion allowances or at the level of Operational budgets needed by ministries .   He added that "investment budgets are also very important for development projects and projects to provide services to the governorates," noting that "the approval of the budget is important, but the current situation in the House of Representatives may not be ready to receive and approve this law ."   He pointed out that "the government has not sent the budget bill to the parliament so far and it is still in the cabinet," noting that "when the cabinet sent the emergency support law, it means that the budget is not currently ready and needs more time ."   Earlier, Prime Minister Mustafa Al-Kazemi called on the political forces to work hard to agree on a formula to form the government, carry out their duties and work on preparing the 2022 budget, and fulfill their obligations towards citizens .

Views 122   Date Added 04/20/2022

[yota691]

Three provinces as a first stage

The Health Insurance Law is awaiting the 2022 budget... and the Ministry of Health is likely to implement it starting next August

2022.04.23 - 18:22

 

Baghdad - people  

The Minister of Health, Hani Al-Uqabi Agency, suggested, on Saturday, that the health insurance law will be implemented in the month of August, while indicating that it will be implemented initially in 3 governorates after the budget is passed.  

 

  

  

Al-Uqabi said in a statement to the official agency, followed by "Nas" (April 23, 2022), that "the Administrative Authority for Health Insurance was formed in all the governorates of Iraq, and we entered the cadres working in courses outside and inside the country, and they became experienced."  

  

He added, "According to the law, the implementation should start as of next August, but it is linked to the general budget and if it is not approved, it cannot be implemented."  

  

He continued, "Passing the budget law will pave the way for the application of health insurance in 3 governorates as a first stage, then gradually escalate to include the rest of the governorates," noting that "the selection of the included governorates was initially made according to the governorate's infrastructure, the number of hospitals and the number of souls."  

  

And at a long time, the ministry announced that the health insurance law will be applied after the formation of the government and the approval of the 2022 budget.  

  

The Director of Public Health, Riyad Al-Halfi, said in a statement to the official newspaper, followed by "Nass" (March 8, 2022), that "the health insurance law is one of the most important laws that the House of Representatives voted on during the last period."    

  

Al-Halfi added, "The ministry is still communicating and coordinating with the governorates to implement the law after preparing the infrastructure and forming the administrative structures for the insurance departments, as well as coordinating with the Ministry of Finance in this regard, as well as putting in place many controls related to the law to begin the process of applying it correctly."    

  

He continued, "The law was scheduled to be implemented last February, but it was delayed due to the failure to form the new government and the approval of the current year's budget, as it is hoped that it will be implemented gradually after this matter is resolved."    

  

And he stressed, "Iraq needs to update and review health laws and controls in cooperation with the World Health Organization, especially during emergencies, preparedness and response against health accidents, and training of staff."    

  

The Director of Monitoring and Auditing in the Directorate of Health Insurance, Ihab Abdel Karim Khalaf, had expected at the beginning of this year to complete the formation of the Health Insurance Authority and its branches in the governorates during last February, and stressed that the law would not be applied until after the completion of the full registration process for employees, as it needed a comprehensive database about them. , which is not currently available.    

  

The House of Representatives completed voting on the proposed health insurance law submitted by the Parliamentary Health Committee during the year 2020 to ensure the quality of health services and citizens’ access to them, everywhere and at any time, and to reduce the financial burdens on citizens and reduce poverty, but it has not found a way to implement it so far.    

  

According to the law, it is scheduled that the deductions will be only 1% of the salaries of employees and 2.5 percent for special grades, while it is expected that 15 million people will be covered by the law as a first stage.    

  

[yota691]

Is it possible to spend Eidiya? Al-Kazemi's advisor clarifies

• Time: 4/27/2022 12:32:11
•  
• Reading: 4,472 times

  

{Economist: Al Furat News} Adviser to the Prime Minister, Mustafa Al-Kazemi for political and financial affairs, explained, on Wednesday, that the government disburses emergency grants for one time if they are included in the budget or spent last year.

Mazhar Muhammad Salih told {Euphrates News} that "the government can spend sums of money as grants or gifts if they were spent in the last year, and included in the budget."

He added, "There will be continuity of disbursement if it is an emergency grant that is paid for once." 

[yota691]

Al-Kazemi’s advisor announces the Ministry of Finance’s completion of the 2022 budget

• Time: 04/30/2022 23:04:18
•  
• Reading: 2,132 times

  

{Economic: Al Furat News} Technical Adviser to the Prime Minister Haitham Al-Jubouri announced, on Saturday evening, the completion of the Ministry of Finance for the federal budget for the year 2022.

 

Al-Jubouri said in a televised statement that: "The employees should pressure Parliament to pass the civil service law, and that the salary scale has reached the voting stage, but it has not been approved."

He added, "Political pressures have hindered the approval of the salary scale. As for the 2022 budget, it is completed by the Ministry of Finance," adding, "The Food Security Law is not a substitute for the budget."

Al-Jubouri continued, "The surplus achieved from the increase in oil prices is 25 trillion dinars, and Iraq does not have food stocks for two months or a month."

And he stated, "Food prices tripled before the month of Ramadan, and the government took measures to control the "obscenity" of some merchants."

[yota691]

 

Adviser to Al-Kazemi: The budget is completed, and political pressures have disrupted the approval of the new salary scale

 

 2022-04-30 15:46

 

Shafaq News/ The technical advisor to the Prime Minister Haitham al-Jubouri confirmed on Saturday that the 2022 budget has been completed by the Ministry of Finance, noting that political pressures have hindered the approval of the new salary scale.

Al-Jubouri said during the program "The Duty of Frankness", which is broadcast by the semi-official Al-Iraqiya channel, that "the salary scale has reached the voting stage, but it was not approved due to political pressures."

He explained that "the 2022 budget has been completed by the Ministry of Finance and that the Food Security Law is not a substitute for the budget."

Al-Jubouri pointed out that "the surplus achieved from the increase in oil prices is 25 trillion dinars," calling on employees to "pressure Parliament to pass the Civil Service Law."

And he added, "Iraq does not have food stocks for two months or a month," explaining that "food prices have tripled before Ramadan."

He stressed that "the government has taken measures to control the "obscenity" of some merchants."

[yota691]

 

The high contribution of oil to the federal budget, and an expert warns: We will fall into crises again

 

 2022-05-02 07:58

 

 

 

Shafaq News/ The Ministry of Finance issued, on Monday, the Iraqi state accounts for the month of February for the fiscal year 2022, which confirmed the return of the high contribution of oil to the federal budget, and while an economic expert considered that the rise in international oil prices cast a shadow on its impact on the budget, he confirmed that "Iraq If he wants to avoid future surprise, he must develop the rest of the other sectors and not depend on oil only because it is "exposed to crises again."

 

Shafak News Agency followed the data and tables issued by the Ministry of Finance in the current month of May for the accounts of last February, in which it indicated that "oil is still the main resource for Iraq's general budget, as it rose by 1.06% from last January, bringing the contribution of oil to the general budget to 95%." After it was 94% last January, despite the doubled non-oil revenues," which indicates that "the rentier economic system is the basis of its general budget."

 

According to the financial tables, it appears that “the total oil revenues for the month of February amounted to 21 trillion and 47 billion and 174 million and 260 thousand and 393 dinars, which represents 95% of the total revenues, while the total non-oil revenues amounted to one trillion and 28 billion and 95 million and 602 thousand and 691 dinars, which constitute 5 % of the total revenues, while the total oil and non-oil revenues amounted to 22 trillion and 75 billion and 269 million and 863 thousand and 83 dinars, which is 120% higher than the same period last year 2021, which amounted to 10 trillion and 28 billion dinars as a result of high oil prices.

 

According to the report of the Ministry of Finance, “the non-oil revenues for the month of February came from current revenues and mineral wealth, amounting to 21 trillion and 963 million and 700 thousand and 973 dinars, and came from taxes on income and wealth at a rate of 96 billion and 504 million and 957 thousand and 707 dinars.”

 

It also came from “commodity taxes and production fees at 127 billion and 864 million and 565 thousand and 413 dinars, and from fees that amounted to 187 billion and 742 million and 314 thousand and 438 dinars, and from the share of public sector profits at 66 billion and 88 million and 602 thousand and 537 dinars, and from transfer revenues Which amounted to 394 billion and 805 million and 21 thousand and 803 dinars, and from other revenues by 189 billion and 536 million and 253 thousand and 166 dinars, and from capital revenues that amounted to 11 billion and 764 million and 447 thousand and 57 dinars.

 

For his part, the economic expert, Hilal Al-Tahhan, said in an interview with Shafaq News Agency that "the significant rise in global oil prices was behind the high percentage of oil's contribution to the federal budget at the expense of non-oil revenues, which also rose during the month of February," noting that "the rise in revenues Non-oil did not come from the development of other economic sectors, but came from raising taxes and customs duties imposed on imported goods.

 

Al-Tahhan added, "We have not seen any serious attempts by the government to get out of the rentier economy, and this in itself constitutes an economic danger in the event of a drop in oil prices globally, and this is an expected matter that will expose us to future financial crises similar to what happened in 2020."

 

And the economic expert continued, "If Iraq wants to avoid future surprise, it must develop the rest of the other sectors of agriculture and industry, taking advantage of the large oil revenues that it is currently receiving and reducing operating expenses," noting that "the electricity sector is of great importance in moving the wheel of economic growth." In Iraq, this file must be completed as soon as possible."

 

Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, had confirmed in March 2021 that the reasons for the economy to remain rentier are due to wars and the imposition of sieges during the past era and the political conflicts we are witnessing today, which led to the dispersal of economic resources.

 

The continuation of the Iraqi state to rely on oil as the only source of the general budget makes Iraq at risk from the global crises that occur from time to time due to the impact of oil on it, which makes Iraq tend every time to cover the deficit through borrowing from abroad or inside, which thus indicates the inability to manage Effectively state funds, and the inability to find alternative financing solutions.

[T B]

all the crooks around the world is still playing the fear game, time to get em father God!

[horsesoldier]

Everything to do, big or small has dangling tag and written on it in big bold friendly letters ... CRISIS

 

I guess they think they're still fooling everyone.