The Central Bank {stops} the collapse of the dinar, and new amendments await the budget

[yota691]

Parliamentary Finance expects the budget to reach Parliament next week

• Time: 01/02/2023 14:59:52
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• Read: 1,001 times

  

{Economic: Al Furat News} A member of the Parliamentary Finance Committee expected the arrival of the draft federal budget law for the year 2023 to the House of Representatives next week.

"We expect the budget law to arrive with the beginning of the legislative term, that is, a week from now," Moein Al-Kadhimi told the Euphrates News Agency.
He added, "The government is supposed to now put the final touches to be referred to the House of Representatives, that is, up to the ninth parliament of this month."
And the Minister of Finance, Taif Sami, announced in a press statement last Friday that the 2023 budget had not been sent to the Council of Ministers - yet - and that work is underway to complete it, "noting that" the general budget will focus on the health sector, supporting vulnerable classes, and raising the ceiling of loan capital for small projects.
Sami explained that "the price of a barrel, which has been placed so far in the budget, amounts to 65 dollars and may reach 70 dollars," pointing out that "the draft general budget law may include a study to impose some taxes on the oil derivatives sector."

[yota691]

Expert: The 2023 budget will not be sent to Parliament during the current month

2023.01.07 - 09:48

 

Baghdad - Nas    

Nabil Al-Marsoumi, a professor of economics at the University of Basra, expected, on Saturday, that the 2023 budget bill would not be sent to parliament during the current month.  

 

  

  

Al-Marsoumi said in a post followed by "Nass" (January 7, 2023), that "it seems that the 2023 budget bill will not be sent to parliament during the current month due to the lack of agreement on Kurdistan's share and because of its large operating expenses."  

  

He added, "Hey, but in Iraq, the second year and beyond will end without a budget." 

[yota691]

What about the territorial share?

Parliament's legality reveals the reasons for the delay in approving the budget: we are afraid of this

2023.01.07 - 15:22

 

Baghdad - people  

On Saturday, the Parliamentary Legal Committee revealed the reasons for the delay in approving the 2023 budget.  

  

  

Committee member Raed al-Maliki said in a statement to the official newspaper, followed by “Nass” (January 7, 2023), that “the delay in approving the budget is due to political understandings and tensions between the blocs,” noting that “the Kurdistan region wants to include a paragraph in the next budget that serves it regarding financial allocations.” ".  

  

Al-Maliki added that "dealing with the law and judicial decisions is dual, because the Federal Court obligated the Kurdistan region to hand over oil and gas and their revenues," expressing his "fear that the political agreements may have included laws other than the budget."  

  

He explained that "the political parties are trying to pass their demands in accordance with the agreement that resulted in the formation of the current government," noting that "the independent representatives are demanding things that they believe are in the interest of the Iraqi people, and the political agreements mean nothing to them because they are not parties to them."  

  

Professor of Economics at the University of Basra, Nabil Al-Marsoumi, expected earlier that the 2023 budget bill would not be sent to Parliament during the current month.  

  

Al-Marsoumi said in a post followed by "Nass" (January 7, 2023), that "it seems that the 2023 budget bill will not be sent to Parliament during the current month due to the lack of agreement on Kurdistan's share and because of its large operating expenses."    

  

He added, "Hey, but in Iraq, the second year and beyond will end without a budget."    

[6ly410]

Expert: The next three months will witness the peak of the economic recession in Iraq

Today 19:40

Expert: The next three months will witness the peak of the economic recession in Iraq | Information (almaalomah-me.translate.goog)

Information/Private.

Economist Abdul Rahman Al-Mashhadani on Saturday identified the most prominent factors that caused the recession in local markets, while pointing out that the delay in approving the general budget law is one of the most prominent problems.

Al-Mashhadani said in an interview with Al-Maalouma that "the delay in approving the budget law contributed significantly to the recession in the local markets during this period," noting that "the instability of the dollar exchange rate that occurred in this period is also one of the reasons that exacerbated the recession crisis.

He continued, "The next three months will witness the peak of the economic recession because the citizen is currently postponing the purchase process due to the repercussions of the dollar, and the trader does not import also for the same reasons," noting that "the Delay in importing for more than two months as a period for the arrival of goods, goods and services will raise the recession crisis.

He pointed out that "the rumors that emanate from some quarters are factors that do not help the stability of the dollar, given that the citizen believes the rumor of rise more than decline."

Large local markets in Baghdad and the provinces witnessed a recession that paralyzed shopping.

[rvmydinar]

12 hours ago, 6ly410 said:

Expert: The next three months will witness the peak of the economic recession in Iraq

Can iraq rv during a recession ( first quarter 2023 )? I hope the article about recession is all lie and BS and a distraction to keep the dinar investors away from buying more dinars.

[yota691]

There is no agreement on Kurdistan's share

Parliamentary conflict regarding the draft budget law 2023

2023.01.08 - 08:33

 

Baghdad - people  

Parliamentary circles have leaked conflicting information about the fate of the draft budget for the year 2023, at a time when the negotiations of the delegations of the Kurdistan region are in place regarding the region’s share of it.  

  

  

  

The representative of the Fatah parliamentary bloc, Ali Turki, said: "The government has completed the draft budget law, and it will be sent to parliament in conjunction with the start of the second legislative term, which will start its work on the ninth of this month, for the purpose of discussing and approving it."  

  

Turki said, in a press statement: "Confirmed information we obtained indicates that the Sudanese government has fully completed the draft budget law for the current year," noting that "the government, in turn, will send the draft law to the House of Representatives for the purpose of discussion and approval."  

  

He added that "Parliament will open its first session for the second legislative term and will set a number of laws in its agenda," suggesting "the arrival of the draft budget law this week."  

  

The deputy's assertions contradict what the Kurdish deputies say about the fact that the lack of political agreement on the region's share of the budget will hinder its transfer from the government to parliament, even with the declaration of some deputies of the coordination framework, the latter's commitment to the political agreements that led to the formation of Prime Minister Muhammad Shi'a al-Sudani of the government.  

  

Representative of the Kurdistan Democratic Party, Sharif Suleiman, confirmed, "The federal government and the Kurdistan Regional Government did not reach an agreement regarding Kurdistan's share of the budget."  

  

Suleiman pointed out, in a press statement, that "the current year's budget will provide all the needs of the citizen and is in the preparation stage by the government." He added, "The 2023 budget will translate the government program into health, electricity, investment and infrastructure files," noting that it "is not ready to be referred to parliament."  

  

He explained that "the reasons for not being ready for discussion and approval are that it needs to prepare paragraphs, including the region's share, the exchange rate, and infrastructure allocations."  

  

The leader of the Union, Ghiath Surji, said in a press statement that "differences between the Kurdistan Union and the Democratic Party still exist, and there is no official date or specific place for holding a meeting between the two parties at any level so far, except for statements made by the Democrat through the words of its leaders through means." media".  

  

Sorji added that "the representatives of the union are not present within the government delegation of the region, which will arrive in Baghdad to reach an understanding on the budget, due to the withdrawal of the deputy prime minister and ministers of the union in the regional government."  

  

Surji stressed that "the only reference for resolving differences is Baghdad, and we are still following the approach of the late Jalal Talabani."  

  

Quoted from the official newspaper  

[yota691]

Al-Barti: There is no agreement between Baghdad and Erbil regarding Kurdistan's share in the budget

 19 hours ago

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The representative of the Kurdistan Democratic Party, Sharif Suleiman, confirmed, on Saturday, that until now there is no agreement between Baghdad and Erbil regarding Kurdistan’s share in the budget, while he expected it to reach Parliament at the end of this month.

Suleiman said, in a press interview seen by Taqaddam, that “the budget for the current year will provide all the needs of the citizen, and it is currently in the preparation stage by the government.”

He added, "The 2023 budget will translate the government program into health, electricity, investment and infrastructure files, pointing out that the budget is not ready to be sent to Parliament."

He explained that the budget needs to prepare many paragraphs, including the region’s share, the exchange rate, and infrastructure allocations, as well as the lack of a complete agreement with Baghdad regarding Kurdistan’s share.

[yota691]

The most important of which is the budget.. A deputy reveals the most prominent projects awaiting Parliament's vote

 19 hours ago

1٬098

 

Today, Saturday, a member of the House of Representatives, Muhammad Saadoun Al-Sudani, revealed the most prominent draft laws that will be on the parliament’s agenda at the beginning of the second legislative term.

Al-Sudani said in a press interview seen by “Takadum”, that “the most prominent draft laws that will be on the agenda of the House of Representatives at the beginning of the new legislative term is represented by the financial budget, which is supposed to be one of the parliament’s priorities,” calling on the government to “expedite its dispatch; in order to advance its legislation.

He added, “The budget is one of the very important laws. Because it touches the citizen’s need, which has not been legislated for a long time.”

Al-Sudani continued, saying: “The other important law is oil and gas, which must be on the agenda of the upcoming sessions, in addition to the election law.”

And Al-Sudani stated, “Many laws are expected to be approved during the second legislative term, in addition to the laws that were read inside the parliament, first and second reading in the previous legislative term, in order to vote on them.”

[yota691]

Despite the obstacles, the government is seeking to end the 2023 budget bill | Report by Ahmed Aram

Al-Iraqiya News Channel HD

1,071 views  Jan 7, 2023

[yota691]

Parliament opens its doors within two days... and a likely date for the arrival of the 2023 budget

 

Economy _Yesterday, 20:00 |

    

 

 

 

Baghdad today-Baghdad

Today, Saturday, the Parliamentary Finance Committee confirmed that there is no information about the date of the 2023 budget’s arrival in Parliament, while it is likely that it will arrive at the end of this month.

Committee member Jamal Cougar told (Baghdad Today) that "the House of Representatives will reconvene its sessions during the next two days, but until this moment the government has not specified a date for sending the draft budget law for the year 2023 to the House of Representatives, according to the information it is still under study and discussion with the executive government agencies." ".

And Cougar indicated that "we expect the budget to arrive at the end of this month, and Parliament will study the draft budget law upon receipt accurately, and will make amendments to it according to the powers granted to it," noting that "this matter will certainly be in accordance with what is agreed upon by the political parties, which are originally It has a presence in the cabinet.

[yota691]

The Ministry of Finance completes the draft budget for 2023... and warns of "grave problems"

• Time: 01/09/2023 00:42:48
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• Read: 5,044 times

  

{Economist: Al-Furat News} A member of the Parliamentary Finance Committee said that the Ministry of Finance had submitted a draft budget law for 2023 to the Council of Ministers.

Mueen Al-Kadhimi stated, in a press statement, that "the Ministry of Finance has accomplished what it had to and transferred the budget, in its operational and investment parts, to the Council of Ministers for a vote," noting that "the Council of Ministers met last week with the Ministerial Economic Council and put the amendments and final touches on the budget estimated at 140 trillion dinars, by 80 trillion for operational and 60 trillion for investment.
Al-Kazemi added, "If the budget reaches Parliament early next week, the Finance Committee will study it, and there will be two first and second readings and some amendments to be approved at the end of next February."
And he stated, "The operational budget, which includes the salaries of state employees, has increased from 42 trillion to 60 trillion dinars, which will exhaust the general budget in the future, and will mean serious problems in the event of a decline in global oil prices, and it is necessary to find resources other than oil, by supporting the private sector, investing and advancing in the agricultural and industrial realities.
As a member of the Finance Committee, Representative Nazem Al-Shibli, said: “The budget, whose completion was delayed, must fit the government program and be consistent with the issues of the workforce, fixing contracts, lecturers, and their canceled contracts, all of which needed the government’s vote.”
Al-Shibli added, "The price of a barrel of oil did not exceed $70 with the old exchange rate of 1450, and the government is blamed for the lack of clarity in the economic vision on the issue of oil. It is true that the Russian war in Ukraine has increased prices, but it is likely to drop if it ends, and Iraq has no alternatives." Finance".
He added, "The budget writers had to pay attention to its investment nature, not the explosive one, in order to be able to produce new projects, because the new appointments will put pressure on the general budget, which produced a very huge operational budget."
Al-Shibli stated, “The government is obligated to present its strategic plan for the budget. The Finance Committee is not obligated to implement everything that is sent because we need important strategic plans.” Revenues, despite the hugeness of these facilities, we have not reached a fixed number of non-oil revenue figures, not to mention the need for a political consensus to pass the budget, even if Parliament is late, because the government is the one that was late in completing it in the first place.

[yota691]

Economie

FINANCE COMPLETES THE BUDGET WITH 140 TRILLION DINARS

 

Monday, January 9, 2023 9:01 am

Baghdad / National News Center

The Parliamentary Finance Committee confirmed that the Ministry of Finance has completed the 2023 budget, estimated at 140 trillion dinars, with 80 trillion for operational and 60 trillion for investment.

A member of the Parliamentary Finance Committee, Mueen Al-Kazemi, said, in a statement to the official newspaper and followed by the National News Center: “The Ministry of Finance has accomplished what it set out to and transferred the budget, in its operational and investment parts, to the Council of Ministers for voting,” noting that “the Council of Ministers met last week with the Ministerial Economic Council.” And put the amendments and final touches on the budget estimated at 140 trillion dinars, at 80 trillion for operational and 60 trillion for investment.

Al-Kazemi added, “If the budget reaches Parliament early next week, the Finance Committee will study it, and there will be two first and second readings and some amendments to be approved at the end of next February,” noting that “the operational budget, which includes the salaries of state employees, rose from 42 trillion to 60 trillion.” A trillion dinars, which will exhaust the public budget in the future, and will mean serious problems in the event of a drop in global oil prices, and it is necessary to find resources other than oil, by supporting the private sector, investment, and advancing the agricultural and industrial reality.

[yota691]

Deputy: The operating budget rose from 42 trillion to 60 trillion dinars

 

money and business
   

Economy News - Baghdad
A member of the Parliamentary Finance Committee, Mueen Al-Kazemi, said, on Monday, that the Ministry of Finance “has accomplished what it has to do” and transferred the budget, in its operational and investment parts, to the Council of Ministers for a vote on it.

Al-Kazemi added, "The cabinet met last week with the Ministerial Economic Council and put in place the amendments and final touches on the budget estimated at 140 trillion dinars, at 80 trillion for operational and 60 trillion for investment," according to the official newspaper.

He pointed out, "If the budget reaches Parliament early next week, the Finance Committee will study it, and there will be two first and second readings and some amendments to be approved at the end of next February."

And he continued, "The operational budget, which includes the salaries of state employees, has increased from 42 trillion to 60 trillion dinars, which will exhaust the general budget in the future, and will mean serious problems in the event of a decline in global oil prices, and it is necessary to find resources other than oil, by supporting the private sector, investment and advancement." agricultural and industrial realities.

 

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Views 94

Added 01/09/2023 - 4:28 PM

Updated 01/09/2023 - 5:37 PM

[yota691]

The financial advisor to the Prime Minister sets a date for sending the budget to Parliament

2023.01.10 - 13:23

 

Baghdad - Nas  

The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, set, on Tuesday, the date for sending the budget to the House of Representatives.  

  

  

  

Saleh said, in a statement to the official agency, followed by "NAS", (January 10, 2023), that "the general budget for the year 2023 is in its final touches, and it will be on the parliament table at the end of the parliamentary recess and the beginning of the legislative term for the year 2023."  

  

And the Minister of Finance, Taif Sami, announced earlier that the price of a barrel of oil, which was currently set in the general budget, amounted to 65 dollars, and it may reach 70 dollars, while the exchange rate was fixed at 1450.  

  

For its part, the Parliamentary Finance Committee stated that the expected budget amount amounts to about 140 trillion dinars.  

[yota691]

A Historic Budget For Iraq In 2023... Economic Aspirations And Fears

Last updated January 9, 2023

The independent / - The Minister of Finance, Taif Sami, is supposed to present the draft budget law to the Council of Ministers at its next meeting in the coming hours, after completing writing the highest budgets for Iraq in its history, with a value exceeding 140 trillion dinars, containing in the folds of its papers the largest operational part in the country’s modern history. It is estimated at 80 trillion dinars, including government expenses and the salaries of its employees.

A member of the Parliamentary Finance Committee, Mueen Al-Kazemi, said, in a statement to the official newspaper, followed by the Independent, that “the Ministry of Finance has accomplished what it had to and transferred the budget, in its operational and investment parts, to the Council of Ministers for voting,” noting that “the Council of Ministers met last week with the Ministerial Economic Council and put in place the amendments and final touches.” On the budget estimated at 140 trillion dinars, with 80 trillion for operational and 60 trillion for investment.

Al-Kazemi added, “If the budget reaches Parliament early next week, the Finance Committee will study it, and there will be two first and second readings and some amendments to be approved at the end of next February,” noting that “the operational budget, which includes the salaries of state employees, rose from 42 trillion to 60 trillion.” A trillion dinars, which will exhaust the public budget in the future, and will mean serious problems in the event of a drop in global oil prices, and it is necessary to find resources other than oil, by supporting the private sector, investment, and advancing the agricultural and industrial reality.

 

For his part, Representative Nazem Al-Shibli said, in a statement to the same newspaper, that “the budget whose completion was delayed must fit the government program and be consistent with the issues of the workforce, fixing contracts, lecturers, and their canceled contracts, all of which needed the government’s vote.”

Al-Shibli added, “The price of a barrel of oil did not exceed 70 dollars with the old exchange rate of 1450, and what blames the government for the lack of clarity of the economic vision on the issue of oil. It is true that the Russian war in Ukraine has increased prices, but it is likely to decline if it ends, and Iraq has no alternatives.” Financial,” considering that the budget writers had to pay attention to its investment nature, not explosive, in order to be able to produce new projects, because the new appointments will put pressure on the general budget, which produced a very huge operational budget.

Al-Shibli stated, “The government is obligated to present its strategic plan for the budget. The Finance Committee is not obligated to implement everything that is sent because we need important strategic plans.” Revenues, despite the size of these facilities, we have not reached a fixed number of non-oil revenue figures, not to mention the need for a political consensus to pass the budget, even if Parliament is late, because the government is the one that was late in completing it in the first place.

[yota691]

Finance: The Completion Rate Of The 2023 Draft Budget Amounted To More Than 95%

Final touches will be made before it is sent to the government

Last updated January 9, 2023

The Independent/- The Parliamentary Finance Committee announced that the percentage of completion of the 2023 draft budget amounted to more than 95%, noting that “final touches” delay its discussion in the corridors of the Council of Ministers.

Committee member Muhammad Nuri said, in a press statement followed by The Independent today, Monday, that “the Ministry of Finance is about to complete the final draft of the draft general budget law for the year 2023,” explaining that “the ministry needs some additions to finalize it from the financial allocation contracts that have proven permanent staffing in the ministries.” and state institutions.”

He continued, "The budget has been completed by more than 95%, and it needs final touches before it is sent to the Council of Ministers."

 

Al-Nouri indicated that "the total amount of the budget law is more than 140 trillion dinars. It may not be sent this week due to the recent additions, and that the Ministry of Finance will send the final draft of the budget law to the Council of Ministers next week."

On Tuesday (3/1/2022), Prime Minister Muhammad Shia al-Sudani announced an increase in the amount of salaries in the general budget for the year 2023, realizing that the draft law needs a lot of time.

Al-Sudani said in a press conference, "The amount of salaries in the budget rose from 41 to 62 trillion dinars," explaining that "the budget needs a lot of time."

[yota691]

After The Parliamentary Recess, Iraq Awaits Approval Of The Budget

On January 9, 2023

The Independent/- Yesterday, Sunday, the legislative recess of the House of Representatives ended, and with it it is expected that the committees will start their work in resuming an activity that is expected to produce the most that the Iraqis have been waiting for two years ago, which is the draft federal budget law for the year 2023, and other files that are considered the most urgent on the agenda.

A member of the Parliamentary Integrity Committee, Ahmed Taha Al-Rubaie, said in an interview with the official newspaper, followed by The Independent, that today is the date for the resumption of the first semester of the second legislative year, and there will be important matters for discussion on the order of priorities, including the draft budget law that Prime Minister Muhammad Shia Al-Sudani pledged to present at the end of the semester vacation. Therefore, there will be some time to discuss expenditures and make amendments, transfers, and matters pertaining to the Finance Committee and the rest of the committees.

 

 

Al-Rubaie added that “there are also some important draft laws for the first reading in the last legislative term, the most important of which is the draft law on social security and retirement for workers, the law of the National Authority for Nuclear, Radiological, Chemical and Biological Control, and the amendment of the Companies Law, as well as a number of other laws that were read for the first time and others that have been read.” For the second time,” he expected, “that the priority will be to resolve pending laws.”

 

And he continued, “Parliament faces another challenge related to combating financial and administrative corruption, which is in harmony with the government program, which represents a major challenge to the legislative and executive authorities, due to widespread corruption in most parts of the state.”

[yota691]

Advisor to the Prime Minister: The draft budget for 2023 is almost complete and will be submitted to Parliament at the end of the month

• Time: 01/10/2023 14:06:09
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• Read: 1,027 times

  

{Economic: Al Furat News} The Advisor to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, expected that the draft general budget for 2023 would be submitted to Parliament at the end of January.

 Saleh said in a press statement, today, Tuesday, that "according to my general information, the draft budget for the year 2023 is almost finished," noting that "there is a desire by the government and the House of Representatives after the end of the legislative term and the House of Representatives to resume its work by working on the budget."
 
He explained, "The first law that will be given priority, according to my perception, after the parliament resumes its work, is the draft general budget law for the year 2023," expecting that "the law will be submitted to the parliament at the end of this month of January, after the parliament begins its work next week."
 
The House of Representatives is awaiting the arrival of the Iraq budget bill for 2023 from the government.

It is noteworthy that a member of the Parliamentary Finance Committee, Mueen Al-Kazemi, announced yesterday that the Ministry of Finance had completed the draft budget for 2023 and transferred it, in its operational and investment parts, to the Council of Ministers for voting.
And that "the budget is estimated at 140 trillion dinars, at 80 trillion for operational and 60 trillion for investment," pointing out that "the Finance Committee will study the budget if it reaches Parliament early next week and is expected to be approved at the end of next month."

[yota691]

250 thousand degrees for education

Parliament Finance announces the number of job grades that will be included in the 2023 budget

2023.01.11 - 14:14

 

  

Baghdad - Nas   

The Finance Committee in the House of Representatives announced, on Wednesday, the number of job grades included in the 2023 budget, while confirming that the number of employees in state departments will exceed three and a half million employees.  

  

  

A member of the committee, Mueen Al-Kazemi, said in a statement to the official agency, followed by “NAS” (January 11, 2023), that “allocations have been included in the 2023 budget, for more than 250,000 degrees to the Ministry of Education, as well as 74,000 job degrees for top students and holders of higher degrees.” ".  

  

He added, "There are 102,000 job degrees in the Ministry of Electricity to convert contract holders into permanent owners," stressing that "the number of employees in state institutions will exceed three and a half million employees."  

  

He pointed out that "the consequences of this will raise the value of employee salaries from 42 trillion dinars to 60 trillion dinars," stressing "supporting the private sector, encouraging laboratories, and enacting a social security and retirement law."  

  

He continued, "The prime minister presented a governmental program, which includes support for the private sector, investment in agriculture, industry, tourism, and job creation for young people in the private sector," explaining that "this approach requires controlling borders, preventing imports, imposing taxes on the importer, and supporting the national product."  

[yota691]

Parliament calls on the government to expedite the approval of the budget law, and a deputy confirms its completion by the Ministry of Finance

2023-01-12 06:48

 

 

 

Shafaq News/ Independent MP, Yasser Al-Husseini announced, on Thursday, the completion of the draft budget law for the year 2023, and it will be discussed in the next cabinet session, while the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, urged the government to expedite the approval of the budget.

 

 

 

Al-Husseini told Shafaq News agency, "The Ministry of Finance has completed the final draft of the general budget bill for the year 2023, and it is expected to be sent to the General Secretariat of the Council of Ministers next week."

He added that "next week's session of the Council of Ministers will witness a discussion of the budget law, and then a vote on the law and sending it to the House of Representatives," noting that "the total amount of the budget exceeds 140 trillion dinars, with a fiscal deficit of more than 30 trillion dinars, with the price of one barrel of oil calculated at 65." dollars.”

In turn, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, called on the government to expedite the submission of the budget law to the House of Representatives for a vote on it.

Al-Mandalawi's media office stated, in a statement received by Shafaq News agency, that the latter met with Prime Minister Muhammad Shia'a al-Sudani, to discuss a number of files and priority issues.

Al-Mandalawi stressed the need to expedite the completion of the draft budget law for the current year, and send it to the House of Representatives to include it in the agenda, read it first and make amendments to it before submitting it to the vote, and stressing the inclusion of contract holders, lecturers, holders of higher degrees, first students and others from various segments of society within its provisions. .

[yota691]

Within 11 months.. about 150 trillion dinars, Iraq's revenues last year

2023-01-12 03:09

 

 

 

Shafaq News/ The Iraqi Ministry of Finance revealed, on Thursday, that the state's revenues during the past year amounted to nearly 150 trillion dinars, and a financial surplus exceeded 55 trillion dinars, within 11 months.

 

 

 

According to tables and data issued by the ministry, and followed by Shafaq News agency, the accounts of the Iraqi state, from January 2022 until November of the same year, amounted to 149 trillion and 556 billion and 392 million and 918 thousand and 861 dinars, which represents 95% of the total revenues.

And it showed that the total expenditures with advances amounted to 93 trillion and 859 billion and 526 million dinars.

According to the finance table, the budget surplus until last October amounted to 55 trillion, 696 billion and 866 million dinars (equivalent to 38.040 billion dollars).

For his part, the financial expert, Muhammad al-Hassani, stressed in an interview with Shafaq News agency, "the need to invest the financial surplus in developing industry and agriculture and supporting the foundations of the real private sector, to operate factories and factories."

And that "this guarantees the solution of several problems existing in the Iraqi economy, including unemployment and corruption, in both its financial and administrative aspects."

He added, "Oil prices are affected by global demand, which in turn is affected by global economic, political and health fluctuations," expecting that "the surplus may not be available to Iraq during the current year 2023 or next year, according to the data of international financial institutions that are pessimistic towards the global economy."

The Advisor 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 survival of the Iraqi economy as a rentier go back to the wars and the imposition of the economic blockade during the past era, and the political conflicts we are witnessing today, which led to the dispersal of economic resources.

And the continuation of the Iraqi state relying on oil as the sole source of the general budget puts Iraq in danger from global crises that occur from time to time due to the oil being affected by it, which makes Iraq tend every time to cover the deficit by borrowing from abroad or internally, and thus indicates the inability to manage State funds effectively, and the inability to find alternative financing solutions.

[6ly410]

Al-Mandalawi calls on the government to expedite the submission of the budget law to the House of Representatives

Thursday 12 , January 2023 14:22 |EconomicalViews: 249

Al-Mandalawi calls on the government to expedite the submission of the budget law to the House of Representatives (ninanews-com.translate.goog)

First DeputySpeaker of the House of Representatives Mohsen al-Mandalawi called on the government to expedite the completion of the draft budget law for the current year and send it to parliament. According to a statement by his media office, Al-Mandalawi met with Prime Minister Mohammed Shia Al-Sudani, to discuss a number of priority files and issues.

According to the statement, Al-Mandalawi called on the government to expedite the completion of the draft budget law for the current year and send it to the House of Representatives to include it in the agenda, read it first and make amendments to it before submitting. It is up to the vote, and to emphasize the inclusion of contract holders, lecturers, holders of higher degrees, top students and other various segments of society within its items.
The statement pointed out that Al-Mandalawi discussed with the Sudanese the visit of the Speaker of the Jordanian House of Representatives, Ahmed Safadi and the accompanying parliamentary delegation to Iraq, as well as discussing mechanisms to improve coordination between the legislative and executive authorities to complete the approval of important projects, and steps to combat corruption.
 

[6ly410]

Cougar: The operating expenses (salaries) in the 2023 budget are very high

• Time: 01/12/2023 13:45:14
•  
• Read: 3,081 times

  

{Economic: Al Furat News} A member of the Parliamentary Finance Committee, Jamal Cougar, counted the operating expenses in the financial budget for the year 2023 as “very high.”

Cougar told {Euphrates News} agency: "The amounts of operating expenses are considered very high due to the large number of appointments as a job opportunity due to their absence in the private sector."
He added, "The support of the political blocs to pass those appointments brought us to those operating expenses."
The head of the State Forces Alliance bloc, Faleh Al-Sari, revealed yesterday a significant decrease in the investment expenditures allocated in the federal financial budget for the year 2023.
Al-Sari said in a statement, of which {Euphrates News} received a copy, that: “The increase in the operating budget led to a decrease in the proportion of the investment budget and the development of regions to the total expenditures in the 2023 budget, to the lowest level over the past years.
It is noteworthy that Prime Minister Muhammad Shia al-Sudani announced, last week, an increase in the amount of salaries in the general budget for the year 2023, realizing that its draft law needs a lot of time. 
Al-Sudani said in a press conference, "The amount of salaries in the budget rose from 41 to 62 trillion dinars," explaining that "the budget needs a lot of time" in order to approve it.
His advisor for economic affairs, Mazhar Muhammad Salih, expected that the draft budget would be submitted to Parliament at the end of January.
Saleh said in a press statement, the day before yesterday, Tuesday, that "according to my general information, the draft budget for the year 2023 is almost finished," noting that "the first law that will be given priority, according to my perception, after the parliament resumes its work, is the draft budget law." 
It is noteworthy that a member of the Parliamentary Finance Committee, Mueen Al-Kazemi, announced last Monday that the Ministry of Finance had completed the draft budget for 2023 and transferred it, in its operational and investment parts, to the Council of Ministers for voting.
And that "the budget is estimated at 140 trillion dinars, at 80 trillion for operational and 60 trillion for investment," pointing out that "the Finance Committee will study the budget if it reaches Parliament early next week and is expected to be approved at the end of next month."

Raghad Daham

https://alforatnews.iq/news/كوجر-النفقات-التشغيلية-الرواتب-في-موازنة-2023-عالية-جداً

[6ly410]

 

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On 1/8/2023 at 5:44 AM, 6ly410 said:

"The next three months will witness the peak of the economic recession because the citizen is currently postponing the purchase process due to the repercussions of the dollar, and the trader does not import also for the same reasons," noting that "the Delay in importing for more than two months as a period for the arrival of goods, goods and services will raise the recession crisis.

3 months...