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


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MP confirms the deduction of the Kurds' share of the 2023 budget during today's parliament session

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Bagdad (NINA) - Kurdistan Democratic Party (KDP) MP Jiay Taymur confirmed the deduction of the Kurds' share of the 2023 federal budget during today's parliamentary session. The leader of the Azm Alliance, Mahmoud Al-Mashhadani, confirmed in a press statement today that the draft federal budget law for the year 2023 will reach the House of Representatives during the next week, noting that at the end of the third month,

the budget will be approved within the council .
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Mahmoud Al-Mashhadani: The 2023 budget will reach Parliament next week

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Baghdad /Nina/ The leader of the Azm Alliance, Mahmoud Al-Mashhadani, confirmed that the draft federal budget law for the year 2023 will reach the House of Representatives during the next week, noting that at the end of the third month, the budget will be approved within the council.
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21 minutes ago, 6ly410 said:

MP confirms the deduction of the Kurds' share of the 2023 budget during today's parliament session

1035831-0da6200d-3301-4cb4-b046-c2fa7d7d
Bagdad (NINA) - Kurdistan Democratic Party (KDP) MP Jiay Taymur confirmed the deduction of the Kurds' share of the 2023 federal budget during today's parliamentary session. The leader of the Azm Alliance, Mahmoud Al-Mashhadani, confirmed in a press statement today that the draft federal budget law for the year 2023 will reach the House of Representatives during the next week, noting that at the end of the third month,

the budget will be approved within the council .

 

20 minutes ago, BETTYBOOP said:

So approval by end of March as I have thought for a while

 

Kick that can again why don’t you.  

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Deputy from the State Administration: Serious efforts of the government to reduce the dollar exchange rate

 Time : 2023/02/21 17:55:58

Deputy for the State Administration: Serious efforts of the government to reduce the dollar exchange rate - Al-Furat News (alforatnews.iq)

Deputy from the State Administration: Serious efforts of the government to reduce the dollar exchange rate

 

Dollar Exchange Rate On Baghdad Stock Exchange This Evening

 

Al-Bandawi said {for Al-Furat News} that: "The government's efforts to reduce the exchange rate of the dollar are serious and continuous and its measures taken are fast."
He added that "the 2023 budget will be the largest budget in the history of Iraq this year."
"The budget will be very large, as the government's measures have been positive, and the government is credited with its decision to reduce the dollar exchange rate," al-Bandawi said.
First Deputy Speaker of the House of Representatives Mohsen Al-Mandalawi announced on Monday the date of arrival of the draft federal budget law for the fiscal year 2023 to Parliament next week.

By: Raghad Daham

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Parliamentary Finance confirms its readiness to receive the budget and stresses the inclusion of the terminated contracts

Parliamentary Finance confirms its readiness to receive the budget and stresses the inclusion of the terminated contracts
  
A member of the Parliamentary Finance Committee confirmed the committee's readiness to receive the draft financial budget law for the year 2023.
 

Mueen Al-Kazemi told Al-Furat News Agency that: "The committee is ready to receive the budget and start studying it."
"With regard to the termination of their contracts, the draft budget has not yet reached us, and it is known that ٣٠ Thousand job grades have been allocated to the terminated contracts of the sons of the Popular Mobilization, and there are other grades for the army, police and all security categories," he added.
Al-Kazemi called for "the need to implement decisions accurately and not to circumvent them and implement them moodily."
The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandolay, announced yesterday that the House of Representatives will receive the draft budget for 2023 next week.

Raghad Daham

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The region refuses to hold it responsible for delaying the budget. It reveals other "obstructions"

 
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Baghdad Today-Baghdad

Sabah Hassan, a member of the Kurdistan Regional Parliament, said on Tuesday that the region is not the only party to budget disputes.

Hassan said in an interview with "Baghdad Today" that "there are major differences related to the size of the debt and the demand for appointments and shares of the provinces and liberated areas."

He added that "we do not accept that the region is charged with the problem of delaying the adoption of the budget, as the differences in Erbil and Baghdad are a simple solution, and it lies in amending our share and raising it to 14%, and understanding on a common formula for the delivery of revenues."

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The government spokesman sets for Nina the date of arrival of the budget to Parliament and some of its details / expanded
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Baghdad /Nina/ Government spokesman for Al-Awadi set the date of arrival of the budget to Parliament and some of its details. Al-Awadi said in a statement to the Iraqi National News Agency (
) that the Council of Ministers returned the budget to the Ministry of Finance in its sixth session, after changing the exchange of the dollar by the Central Bank of Iraq to 1300 dinars, After it was 1450, noting that the Prime Minister asked the Minister of Finance to adapt the figures to the new exchange rate, which is the reason for the delay in the budget so far.
Al-Awadi explained that the Ministry of Finance needs from 3 to 6 weeks to regionalize all the amounts of the budget, including the past two weeks, as it was sent since the sixth session of the Council of Ministers, that is, two weeks ago , and therefore it can be completed in the Ministry of Finance and voted on in the Council of Ministers in the middle of the next month at the latest, pointing out that the re-budget is not due to changing some of its paragraphs, because it is complete , only in order to change the figures according to the new exchange rate, pointing out Once the regionalization is completed, the budget will be voted on in the Council of Ministers and sent to the House of Representatives. He pointed out that the price of a barrel of oil will be below $70, and this came according to the changes in global oil prices, and in order not to fall into the taboo.” /End9
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Deputy: Parliament intends to reduce the budget deficit in favor of the poor

Information / BaghdadIndependent MP Mohsen Al-Saeedi revealed on Wednesday the government's and parliament's determination to reduce the deficit in the public budget during 2023.
Al-Saeedi said in an interview with the Information Agency that "the government is serious about reducing the deficit rate in favor of the middle and poor classes and people with limited income.”He added that "the budget must include solutions to change the exchange rates of the US dollar against the Iraqi dinar," pointing out that "the previous budget as well as the Food Security Law did not address clearly and explicitly the issue of the dollar exchange rate.”
He pointed out that "there are attempts to reduce the deficit in the 2023 budget in favor of the poor segments in Iraq."The MP for the Fateh Alliance, Ali Turki, revealed in a previous interview with the agency / Information / about the most prominent obstacles facing the budget, indicating that the reduction in the price of the dollar caused the value of the budget by about $ 14 billion within investment projects. Ends/ 25 hours

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1 hour ago, 6ly410 said:

He added that "the budget must include solutions to change the exchange rates of the US dollar against the Iraqi dinar," pointing out that "the previous budget as well as the Food Security Law did not address clearly and explicitly the issue of the dollar exchange rate.”

Interesting…

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Parliamentarian: We need 45 days to review the federal budget law

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2023-02-22 03:23
 

Shafaq News / A member of the Parliamentary Finance Committee, Faisal Al-Naili announced, on Wednesday, that the House of Representatives needs 45 days to review and vote on the Federal Budget Law for the year 2023 before returning it to the government for approval.

 

 

Al-Naeli told Shafaq News agency, "We in the Parliamentary Finance Committee and the House of Representatives need a maximum of 45 days to read, discuss and make amendments to some articles and paragraphs that need to be amended in the budget law."

And that "all files and the exchange rate of the dollar in the general budget law have been settled, and the government will send the budget law to Parliament at the beginning of next month."

He added, "The government is serious about resolving and resolving all points of disagreement between the federal government and the Kurdistan Regional Government before sending the budget law to parliament."

Yesterday, Monday, First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, announced the arrival of the draft general budget law to the House of Representatives early next week, while stressing the importance of discussing it to support the poor classes and segments, employees and the food basket.

Al-Mandalawi's media office said, in a statement received by Shafaq News agency, "The general budget bill will reach Parliament early next week, after a phone call that Al-Mandalawi made with Finance Minister Taif Sami."

Al-Mandalawi stressed "the importance of the budget bill arriving soon to the parliament and starting to discuss its items and make the necessary amendments to it by the Finance Committee, in a way that guarantees the proper application of the government curriculum, especially supporting the poor classes and segments and ensuring the continuity of providing basic materials through the food basket, as well as securing salaries." Staff and financial allocations required for new appointments.

And the deputy of the Kurdistan Democratic Party parliamentary bloc, Vian Dakhil, revealed, on Monday, the presence of a delegation from the region in Baghdad to discuss Kurdistan’s share of the budget and the oil and gas law, while she indicated that what actually reaches the region does not exceed 5% of its share specified in the budget.

Last Sunday, the representative of the State of Law bloc, Muhammad Al-Shammari, depended on the approval of the draft budget law for the current year to resolve the differences and outstanding issues between Erbil and Baghdad, while a delegation from the Kurdistan Regional Government visited last week the capital Baghdad and engaged in a round of dialogues with the ministries of finance, planning and oil to return Today again to resume discussions about the region's share of the budget, in addition to working on the legislation of the oil and gas law and other issues.

It is noteworthy that the financial budget for the past year 2022 was not approved by the Council of Ministers and the House of Representatives due to the turmoil that Iraq witnessed after the early elections in October 2021, which escalated to dangerous levels that ended with the events of the Green Zone, with armed confrontations between supporters of the Sadrist movement and the security forces, which claimed lives. Dozens and hundreds injured.

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Parliamentarian: We need 45 days to review the federal budget law

Parliamentarian: We need 45 days to review the federal budget law

2023-02-22 00:23

Parliamentarian - We need 45 days to review the federal budget lawShafaq News / A member of the Parliamentary Finance Committee, Faisal Al-Naili announced, on Wednesday, that the House of Representatives needs 45 days to review and vote on the Federal Budget Law for the year 2023 before returning it to the government for approval.

Al-Naeli told Shafaq News agency, “We in the Parliamentary Finance Committee and the House of Representatives need a maximum of 45 days to read, discuss and make amendments to some articles and paragraphs that need to be amended in the budget law.”

And that “all files and the exchange rate of the dollar in the general budget law have been settled, and the government will send the budget law to Parliament at the beginning of next month.”

He added, “The government is serious about resolving and resolving all points of disagreement between the federal government and the Kurdistan Regional Government before sending the budget law to parliament.”

Yesterday, Monday, First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, announced the arrival of the draft general budget law to the House of Representatives early next week, while stressing the importance of discussing it to support the poor classes and segments, employees and the food basket.

Al-Mandalawi’s media office said, in a statement received by Shafaq News agency, “The general budget bill will reach Parliament early next week, after a phone call that Al-Mandalawi made with Finance Minister Taif Sami.”

Al-Mandalawi stressed “the importance of the budget bill arriving soon to the parliament and starting to discuss its items and make the necessary amendments to it by the Finance Committee, in a way that guarantees the proper application of the government curriculum, especially supporting the poor classes and segments and ensuring the continuity of providing basic materials through the food basket, as well as securing salaries.” Staff and financial allocations required for new appointments.

And the deputy of the Kurdistan Democratic Party parliamentary bloc, Vian Dakhil, revealed, on Monday, the presence of a delegation from the region in Baghdad to discuss Kurdistan’s share of the budget and the oil and gas law, while she indicated that what actually reaches the region does not exceed 5% of its share specified in the budget.

Last Sunday, the representative of the State of Law bloc, Muhammad Al-Shammari, depended on the approval of the draft budget law for the current year to resolve the differences and outstanding issues between Erbil and Baghdad, while a delegation from the Kurdistan Regional Government visited last week the capital Baghdad and engaged in a round of dialogues with the ministries of finance, planning and oil to return Today again to resume discussions about the region’s share of the budget, in addition to working on the legislation of the oil and gas law and other issues.

It is noteworthy that the financial budget for the past year 2022 was not approved by the Council of Ministers and the House of Representatives due to the turmoil that Iraq witnessed after the early elections in October 2021, which escalated to dangerous levels that ended with the events of the Green Zone, with armed confrontations between supporters of the Sadrist movement and the security forces, which claimed lives. Dozens and hundreds injured.

shafaq.com

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1 minute ago, keylime said:

Parliamentarian: We need 45 days to review the federal budget law

Parliamentarian: We need 45 days to review the federal budget law

2023-02-22 00:23

Parliamentarian - We need 45 days to review the federal budget lawShafaq News / A member of the Parliamentary Finance Committee, Faisal Al-Naili announced, on Wednesday, that the House of Representatives needs 45 days to review and vote on the Federal Budget Law for the year 2023 before returning it to the government for approval.

Al-Naeli told Shafaq News agency, “We in the Parliamentary Finance Committee and the House of Representatives need a maximum of 45 days to read, discuss and make amendments to some articles and paragraphs that need to be amended in the budget law.”

And that “all files and the exchange rate of the dollar in the general budget law have been settled, and the government will send the budget law to Parliament at the beginning of next month.”

He added, “The government is serious about resolving and resolving all points of disagreement between the federal government and the Kurdistan Regional Government before sending the budget law to parliament.”

Yesterday, Monday, First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, announced the arrival of the draft general budget law to the House of Representatives early next week, while stressing the importance of discussing it to support system" rel="">support the poor classes and segments, employees and the food basket.

Al-Mandalawi’s media office said, in a statement received by Shafaq News agency, “The general budget bill will reach Parliament early next week, after a phone call that Al-Mandalawi made with Finance Minister Taif Sami.”

Al-Mandalawi stressed “the importance of the budget bill arriving soon to the parliament and starting to discuss its items and make the necessary amendments to it by the Finance Committee, in a way that guarantees the proper application of the government curriculum, especially supporting the poor classes and segments and ensuring the continuity of providing basic materials through the food basket, as well as securing salaries.” Staff and financial allocations required for new appointments.

And the deputy of the Kurdistan Democratic Party parliamentary bloc, Vian Dakhil, revealed, on Monday, the presence of a delegation from the region in Baghdad to discuss Kurdistan’s share of the budget and the oil and gas law, while she indicated that what actually reaches the region does not exceed 5% of its share specified in the budget.

Last Sunday, the representative of the State of Law bloc, Muhammad Al-Shammari, depended on the approval of the draft budget law for the current year to resolve the differences and outstanding issues between Erbil and Baghdad, while a delegation from the Kurdistan Regional Government visited last week the capital Baghdad and engaged in a round of dialogues with the ministries of finance, planning and oil to return Today again to resume discussions about the region’s share of the budget, in addition to working on the legislation of the oil and gas law and other issues.

It is noteworthy that the financial budget for the past year 2022 was not approved by the Council of Ministers and the House of Representatives due to the turmoil that Iraq witnessed after the early elections in October 2021, which escalated to dangerous levels that ended with the events of the Green Zone, with armed confrontations between supporters of the Sadrist movement and the security forces, which claimed lives. Dozens and hundreds injured.

shafaq.com

What’s 45 days amongst friends…… we’ve been together so long Iraq…. Put it on my tab 🤬🤪

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43 minutes ago, keylime said:

Parliamentarian: We need 45 days to review the federal budget law

Parliamentarian: We need 45 days to review the federal budget law

2023-02-22 00:23

Parliamentarian - We need 45 days to review the federal budget lawShafaq News / A member of the Parliamentary Finance Committee, Faisal Al-Naili announced, on Wednesday, that the House of Representatives needs 45 days to review and vote on the Federal Budget Law for the year 2023 before returning it to the government for approval.

Al-Naeli told Shafaq News agency, “We in the Parliamentary Finance Committee and the House of Representatives need a maximum of 45 days to read, discuss and make amendments to some articles and paragraphs that need to be amended in the budget law.”

And that “all files and the exchange rate of the dollar in the general budget law have been settled, and the government will send the budget law to Parliament at the beginning of next month.”

He added, “The government is serious about resolving and resolving all points of disagreement between the federal government and the Kurdistan Regional Government before sending the budget law to parliament.”

Yesterday, Monday, First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, announced the arrival of the draft general budget law to the House of Representatives early next week, while stressing the importance of discussing it to support system" rel="">support the poor classes and segments, employees and the food basket.

Al-Mandalawi’s media office said, in a statement received by Shafaq News agency, “The general budget bill will reach Parliament early next week, after a phone call that Al-Mandalawi made with Finance Minister Taif Sami.”

Al-Mandalawi stressed “the importance of the budget bill arriving soon to the parliament and starting to discuss its items and make the necessary amendments to it by the Finance Committee, in a way that guarantees the proper application of the government curriculum, especially supporting the poor classes and segments and ensuring the continuity of providing basic materials through the food basket, as well as securing salaries.” Staff and financial allocations required for new appointments.

And the deputy of the Kurdistan Democratic Party parliamentary bloc, Vian Dakhil, revealed, on Monday, the presence of a delegation from the region in Baghdad to discuss Kurdistan’s share of the budget and the oil and gas law, while she indicated that what actually reaches the region does not exceed 5% of its share specified in the budget.

Last Sunday, the representative of the State of Law bloc, Muhammad Al-Shammari, depended on the approval of the draft budget law for the current year to resolve the differences and outstanding issues between Erbil and Baghdad, while a delegation from the Kurdistan Regional Government visited last week the capital Baghdad and engaged in a round of dialogues with the ministries of finance, planning and oil to return Today again to resume discussions about the region’s share of the budget, in addition to working on the legislation of the oil and gas law and other issues.

It is noteworthy that the financial budget for the past year 2022 was not approved by the Council of Ministers and the House of Representatives due to the turmoil that Iraq witnessed after the early elections in October 2021, which escalated to dangerous levels that ended with the events of the Green Zone, with armed confrontations between supporters of the Sadrist movement and the security forces, which claimed lives. Dozens and hundreds injured.

shafaq.com

45 days takes us past the 1st quarter. So I guess I can start taking my break now..lol

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3 minutes ago, WheresmyRV? said:

In previous years the budget always got approved in late April.  Hopefully though they might be waiting on the HCL and then they will finally approve it.

April for HCL, Budget and removal of zeros is fine by me! what's really interesting is normally when countries have threatened to dump USD for euro (Ssadaam) or Gaddafi selling oil for their currency, wars erupted! now its accepted??? suggest shift in global economics...all countries will follow.

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Setting the date for approving the 2023 budget

Information/BaghdadThe Parliamentary Finance Committee confirmed on Thursday that next week is the deadline for transferring the 2023 budget to parliament.
Committee member Moeen Al-Kazemi said in a statement seen by Al-Maalouma that "there are final touches on the draft budget law by the Council of Ministers," pointing out that "next week is the date for approving the budget within the Council of Ministers and transferring it to the House of Representatives.Al-Kazemi added that “next week is the deadline for transferring the 2023 budget, and the Finance Committee in the House of Representatives will study this draft in terms of operational, investment and revenues, which will amount to approximately one hundred and thirty-five.” One trillion oil revenues, in addition to the collection and deficit from one hundred and fifty to one hundred and sixty trillion.
He pointed out that "there is seriousness from the House of Representatives to approve it during the month of March or may extend to the next half of April."Al-Kazemi continued, "During the review of the budget by the House of Representatives, i.e. the Finance Committee, there must be representatives from the Ministries of Planning and Finance and even representatives from other ministries to learn about their executive plans in the investment side of the provinces and the development of regions for the provinces and ministries as well.”
He pointed out that "the involvement of government representatives in the review of the draft law in the House of Representatives is important and essential to bring closer views and to clarify matters and to shorten the time."

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Deputy: Resolving the budget needs 7 weeks

  • Today 17:03

Deputy: Resolving the budget needs 7 weeks

Information / special.

Representative Taha Al-Majmai confirmed, on Thursday, that the 2023 budget will arrive at the beginning of next March, and it is likely that it will be resolved within seven weeks.

Al-Majmai said, in an interview with Al-Maalouma, that "the 2023 budget will be presented at the next session of the Council of Ministers in order to vote on it, and after that it will be sent to the House of Representatives," expecting that "the beginning of next March, the budget will be with the Finance Committee in order to conduct the necessary discussions."

He added, "Resolving the items of the budget will need 6-7 weeks, and maybe more," pointing out that "the price of a barrel of oil has not been decided yet, and we hope that it does not include complex items that lead to a delay in its approval."

He pointed out that "the 2023 budget will be the largest in terms of the amount of money," noting that "the government is striving to address all the important points in the budget."

It is noteworthy that the 2023 budget was delayed in being sent to the House of Representatives by the Council of Ministers, after the recent changes regarding the reduction of the dollar exchange rate. 25 p.m. ended

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Parliamentary Finance: Next week is the deadline for transferring the budget to Parliament

Economie

12:04 - 2023-02-23

 

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Today, Thursday, the Parliamentary Finance Committee confirmed that next week is the deadline for transferring the 2023 budget to Parliament.


Committee member Mueen Al-Kazemi said, "There are final touches on the draft budget law by the Council of Ministers," pointing out that "next week is the date for approving the budget within the Council of Ministers and transferring it to the House of Representatives."


Al-Kazemi added, “Next week is the deadline for transferring the 2023 budget, and the Finance Committee in the House of Representatives will study this draft in terms of operational, investment, and revenues, which will amount to approximately one hundred and thirty-five trillion oil revenues, in addition to collection and deficit from one hundred and fifty to one hundred and sixty trillion.” ".


He pointed out, "There is seriousness from the House of Representatives to approve it during the month of March, or it may extend to half of next April."


Al-Kadhimi continued, "During the review of the budget by the House of Representatives, that is, the Finance Committee, there must be a presence of representatives from the Ministries of Planning and Finance and even representatives from other ministries to get acquainted with their implementation plans in the investment aspect of the governorates and the development of regions for the governorates and ministries as well."


He pointed out that "the involvement of representatives of the government in reviewing the draft law in the House of Representatives is an important and essential thing to bring points of view closer, to clarify matters and to shorten the time."

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A parliamentary committee explains the most important reasons behind the delay in sending the budget to the House of Representatives

Iraq

11:23 - 2023-02-23

 

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A member of the Parliamentary Legal Committee, Raed Al-Maliki, explained the most important reasons behind the delay in sending the budget to the House of Representatives, pointing to the importance of doubling the government's efforts to complete the budget and deliver it to Parliament.  
Al-Maliki said in a press statement, "The government was very late in sending the budget, although the law stipulates that it be sent to parliament in October before the New Year, while the government is more than 4 months late due to the delay in its formation."  
He added, "The government needs a double effort in order to send the budget, as there are obstacles represented by the fluctuation of oil prices, as well as the exchange rate of the dollar, on which the budget is based on its value, in addition to the fact that the government did not estimate its expenditures that it needs, especially with the occurrence of many changes in the field of revenue and spending." And fixing new contracts and jobs.  
And that "there is another factor behind the delay in the budget is to stop granting funds to the Kurdistan region by a decision of the Federal Court, which stipulated that the transfer of those funds is unconstitutional."

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