Parliamentary Finance: Approval of the budget will be delayed until the end of next month

[yota691]

For three years.. 'People' publishes a draft budget law for Iraq

2023.03.18 - 14:55

 

Baghdad - Nas   

On Saturday, Nass publishes the draft federal budget law for three years.  

  

  

  

And the draft stated, "Calculating the contract period for those who are fixed on permanent staffing as an actual service for the purposes of bonus, promotion and retirement, in a way that does not entail any financial consequences retroactively, provided that the retirement contributions are met, including the department's share for the calculated contract period."  

  

The draft budget also included "transferring the appointments file in all government institutions to the Public Service Council."  

  

To view the draft budget: click here  

  

And the House of Representatives announced, on Friday, that it had received the draft budget law.  

  

Deputy Speaker of the House of Representatives, Shakhwan Abdullah, said in a statement, which "NAS" received a copy of, (March 17, 2023), that "the draft federal budget law reached the parliament last night."    

  

Earlier, the government spokesman, Basem Al-Awadi, announced that the draft budget law would be handed over to Parliament.  

  

Al-Awadi said in a statement, which “NAS” received a copy of, (March 17, 2023), that “in implementation of the provisions of the Constitution and the Federal Financial Management Law, yesterday evening, Thursday, the draft federal budget law for the Republic of Iraq for the fiscal years 2023, 2024, and 2025 was officially handed over. to the House of Representatives.      

  

He added, "The draft budget law, with its new articles and paragraphs that were approved for the first time, is capable of facilitating the implementation of executive and development projects, plans and programs, and providing infrastructure and services for citizens."      

  

  

A member of the Parliamentary Finance Committee, Jamal Cougar, suggested approving the state’s federal budget for the current year before Eid Al-Fitr.  

  

The Financial Management Law No. 6 of 2019 allowed the Federal Ministry of Finance to prepare a medium-term budget for a period of (3) three years, to be submitted once and legislated, and the first year is obligatory.    

  

Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, explained to the official agency that “the circulation of the sums allocated to the governorates for the purposes of investment spending, which could not be disbursed during the fiscal year, was included in the draft federal budget law for the year 2023, which is a flexible and unrestricted mechanism that allows the governorates to conduct financial actions within Its annual allocations related to investment spending on projects.    

  

He added, "Financial Management Law No. 6 of 2019 in force and amended in 2020 took the issue of allocated unspent financial allocations to the governorates by preserving their rights in allocation in order to sustain spending on investment projects without delay or delay."    

  

Last Monday, Prime Minister Muhammad Shia al-Sudani said in a press conference: “In this budget, we gave the governorates the right to recycle the allocated amounts,” stressing that “the priorities of the government program will be present in the 2023 budget, and the three-year budget supports financial stability.” 

[yota691]

Al Furat News publishes the full text of the financial budget

• Time: 03/18/2023 14:39:19
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• Read: 559 times

  

{Economic: Al Furat News} Al Furat News Agency publishes the full text of the draft federal budget law for Iraq for the years 2023, 2024, 2025.

To view the full text of the budget, click here

[yota691]

The legal representative announces the law that will be studied after the budget

• Time: 03/18/2023 13:22:51
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• Read: 1,066 times

  

{Politics: Al Furat News} Today, Saturday, the Parliamentary Legal Committee announced the law that will be studied after the completion of the budget law.

A member of the committee, Muhammad al-Khafaji, told the Euphrates news agency: "With regard to the oil and gas laws and the general amnesty, we have not yet received any drafts of the aforementioned bills from the government."

He added, "We expect that the committee will study the draft election law after completing the budget law."

Raghad Daham

[yota691]

Alsumaria News publishes the draft financial budget law

Policy

2023-03-18 | 07:39

 

 

 

Source:

Alsumaria News

 

969 views

 

Alsumaria News - Politics

Alsumaria News publishes today, Saturday, the draft law for the state's general budget for the years 2023, 2024, and 2025 sent by the government to the House of Representatives.
 

 

To view the text of the draft budget Press here

[yota691]

8 preliminary notes on the 2023 tripartite budget

articles
   

Nabil Al-Marsoumi

The first note: It is the largest budget in the history of Iraq, with more than 197 trillion dinars, or more than 151 billion dollars. It is greater than the 2021 budget by 53% and by 68 trillion dinars, which is greater than the actual expenditures for the year 2022 by about 81 trillion dinars.

 

The second note: The volume of operating expenses has increased, which reached 150 trillion dinars, an increase of 50 trillion dinars over the 2021 budget, and it exceeds the actual operating expenses for the year 2022 by about 46 trillion dinars.

 

The third note: the deficit in the 2023 budget, which exceeds 63 trillion dinars, which is the largest in the history of Iraq, and in addition to the risks of a large deficit in the budget, the sources of funding for two-thirds of the deficit are through internal and external borrowing, and the last third of the surplus is transferred from the account of the Ministry of Finance.

 

The fourth note: the dominance of the salaries and social care items, which alone amount to 87 trillion dinars, which represents 58% of total operating expenses and 74% of oil revenues.

 

Note 5: Adopting a planning oil price that is not hedged in the budget, which is 70 dollars per barrel, which is the highest among the budgets of all oil countries. Any decrease in the selling price of Iraqi oil by one dollar from the price estimated in the budget would reduce oil revenues by about 1.660 trillion dinars annually, which will exacerbate the deficit. The budget and maximizes internal and external debts, especially since Iraq, without all the oil-producing countries, lacks a sovereign fund that could be a buffer in cases of low oil prices below their normal levels.

 

The sixth note: excessive optimism in non-oil revenues in the budget, which amount to 17 trillion, while it did not exceed 7 trillion dinars in 2022, and these revenues will decrease a lot if Parliament does not approve a set of taxes imposed by the budget.

 

The seventh note: It is good that the budget includes the Iraqi Development Fund with a financial allocation of a trillion dinars and another fund for the poorest regions with half a trillion dinars, although it was preferable to double the capital of these two funds by four or five times due to its importance in growth, development and improving the standard of living of the population.

 

Note 8: The budget includes some quantitative objectives, such as: increasing the GDP growth rate by 4.5%, non-oil output by 3%, and inflation not exceeding 5% annually.

 

 

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Added 03/19/2023 - 2:56 PM

[yota691]

Is the preparation of the budget for 3 years legal?.. Parliamentary Finance answers

2023.03.20 - 09:55

 

Baghdad - Nas  

A member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, revealed, on Monday, a government program to develop non-oil revenues.  

 

  

Al-Karawi said in a statement to the official newspaper, followed by "NAS" (March 20, 2023), that "preparing a budget for three years is a legal and proper matter, since the Financial Management Law has allowed the Ministries of Finance and Planning to do such a thing," noting that "the challenges that budgets may face It will be included in the budget report.  

  

He explained that "discussing the numbers of these budgets will inform us of the government's vision regarding its estimates of the price of oil and the quantities exported daily," expressing "his fear of the inability and ability to determine these quantities despite Iraq's dependence on exporting and selling oil by more than 90%."  

[yota691]

A member of Parliamentary Finance, who ruled out a parliamentary dispute over the budget

• Time: 03/22/2023 13:30:17
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• Read: 767 times

  

{Economic: Al Furat News} A member of the Parliamentary Finance Committee ruled out a parliamentary dispute over the draft law of the three financial budgets for the years 2023, 2024 and 2025.

Committee member Jamal Cougar told {Euphrates News} agency, that: "Each parliamentary committee will study the budget of the ministry affiliated to it."
He added, "The Finance Committee will study the entire law and depends on the discussions, and we do not rule out the occurrence of political differences in this regard."
He pointed out that "the formation of the government and parliament from one party could shorten the path of disagreement."
The House of Representatives announced its receipt of the draft budget law last Thursday.
It is noteworthy that the Council of Ministers approved, in its meeting on March 13, the three budgets and referred them to Parliament for approval.
Prime Minister Muhammad Shia al-Sudani said, after the council meeting in a press conference, that: "The total budget is more than 197 trillion dinars, the operational budget is more than 150 trillion dinars, and the investment budget is more than 47 trillion, and the budget deficit is 63 trillion dinars."
And that "total revenues amount to more than 134 trillion dinars, and oil revenues amount to more than 117 trillion based on the price of oil at 70 dollars, and non-oil revenues amount to more than 17 trillion dinars."

Raghad Daham

[yota691]

to dispense with importing it from the neighborhood

Parliament's finances determine the date for the introduction of associated gas revenues into Iraq's imports

2023.03.25 - 12:53

 

Baghdad - people  

The Parliamentary Finance Committee is seeking to include imports of exporting gas associated with oil in the budget statements for the current year and the next two years 2024 and 2025, while indicating that the process of extracting it needs allocations that help invest its potential and spare the country from resorting to importing gas used as fuel for electric power plants.  

  

  

A member of the committee, Mueen Al-Kazemi, said in a statement to the official newspaper, followed by “Nass” (March 25, 2023), that “the investment of associated and free gas was discussed during the visit of Prime Minister Muhammad al-Sudani to Germany and France,” noting that “there is a great desire on the part of the European Union.” By entering this sector and working to deliver it to Europe through pipelines through Turkey.  

  

Al-Kadhimi added, "Treating associated gas and benefiting from it instead of burning it over the past decades is a priority today," pointing out that "exploiting associated gas needs more time and cannot be included in the 2023 budget as revenues, but will need financial allocations to rehabilitate and control it, and thus Associated gas can be included in the imports of 2024 and 2025 in order for Iraq to dispense with importing gas from neighboring countries.  

  

Regarding the budget for the current year, he explained that "the deficit is in the range of 64 trillion Iraqi dinars, as the Ministry of Finance presented the budget, including an offer to cover the deficit through four resources," explaining that "the first resource is the difference between the actual oil sale price with the price approved in the budget of $70." While it is sold for 80 dollars, here 10 dollars is a financial abundance that can increase revenues from 146 to higher.  

  

He added, "The second resource is the possibility of exporting an additional 200 thousand barrels of oil, which is another source instead of three million and 700 thousand barrels, in addition to the financial abundance of the state treasury from previous years, and there are approximately more than 20 trillion dinars that can be used as financial abundance, loans, and others." The deficit can be covered from it,” pointing out that “the Finance Committee will work to reduce the deficit, because the budget was drawn up for three years and negative possibilities such as the drop in the oil price must be taken into account, and for this the operational budget can be reduced and the investment budget supported, with a period of study in the House of Representatives that may exceed 45 days in the long term.  

  

Regarding the funds of the Emergency Food Security Law and the follow-up of their disbursement, he indicated that "some of the law's funds were disbursed and others are still in the government's accounts, and there are 9 trillion Iraqi dinars allocated for the development of the regions and were not spent in 2022 because time was limited."  

[yota691]

Parliamentary Finance: We are studying reducing the allocations of ministries in the budget

2023.03.26 - 11:17

 

Baghdad - people   

During its session held on March 13, the Council of Ministers approved the draft budget law for the years 2023, 2024, and 2025, which is the highest in the history of Iraq, with a value exceeding 197 trillion dinars, based on the price of oil at $70, while the deficit amounted to 63 trillion dinars.  

 

  

  

These large sums prompted the Parliamentary Finance Committee to draw up a schedule to host the ministries and concerned authorities in order to find out the allocations allocated to each ministry.  

  

A member of the Finance Committee, Hussein Muanes, explained in a statement to the official newspaper, followed by “Nass” (March 26, 2023), that “one of the core work of his committee is to discuss the allocations allocated in the budget,” noting that “there are some ministries that consider their budgets inappropriate or inconsistent with The ministerial platform adopted by the government.  

  

Moanes added, "Because of the large sums, the hosting has been scheduled to discuss the possibility of reducing it, and the finance minister and the central bank governor will be at the top of the figures that will be discussed."  

  

He continued, "We are entrusted with distributing the people's money in a fair manner and supervising the disbursement, noting that the procedures applied by his committee are within its national responsibility, in order to be accurate in making any decision."  

  

Moanes said, "The Finance Committee demanded the final accounts, but only two-year accounts were sent, and we are waiting for more."  

[yota691]

Shaddad: Transforming the budget into programs will greatly contribute to developing a comprehensive economic vision

• Time: 03/25/2023 22:13:11
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• Read: 1,690 times

  

{Politics: Al-Furat News} The representative of the State Forces Alliance, Ali Shaddad, counted that transferring the general budget to programs will contribute greatly to developing a comprehensive economic vision to come.

 

Shaddad said, in a tweet on Twitter, that: "Transferring the general budget in Iraq from budgeting items to budgeting programs will greatly contribute to developing a comprehensive economic vision based on development and clarity of goals, enabling the executive authorities in the country to determine their expenditures, diagnose their priorities, and work." to develop clear strategic plans.

[yota691]

Al-Darraji: The government's measures stopped the exchange rate's plan to reach 200,000 dinars

 

money and business
   

Economy News - Baghdad
The technical advisor to the Prime Minister, Muhammad Sahib al-Darraji, considered that the measures taken by the government stopped the "scheme" for the dollar exchange rate to reach 200 thousand dinars for every 100 dollars.

Al-Darraji said in a televised interview, followed by "Al-Iqtisad News", that "the budget will be annual in terms of revenues and expenditures," noting that "the budget is directed towards the health, education and energy sectors."

He added, "The exchange rate was the main reason for the delay in sending the budget," explaining that "half of the deficit in the budget is due to the conversion of the exchange rate."

Al-Daraji went on to say that "the government's measures stopped the scheme for the exchange rate to reach 200,000 dinars (for every 100 dollars)."

 

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Added 03/26/2023 - 12:45 PM

[yota691]

Parliamentary immigration: We rule out returning the budget to the government

The first  2023/03/28

 

 

 Baghdad: Shaima Rashid

 

With the lack of time and the approaching end of a quarter of the fiscal year, the budget is still in the drawers and has not been distributed among the committees, although its draft reached Parliament a week ago.

 

The head of the Immigration and Displacement Committee, Sharif Suleiman, said, in an interview with "Al-Sabah": "The draft budget is in the corridors of the presidency of the Council, and so far it has not been referred to the relevant committees, due to the Council's preoccupation and preoccupation with approving amendments to the election law," and considered it "a necessary law that is hoped Through it, district and sub-district elections will be held this year, and there is confirmation and political agreement on them between the political blocs and placed within the government program.

 

Suleiman added, "The election law is the reason that led to the budget not being sent from the presidency to the relevant committees, and the political consensus signed between the blocs remains the reason for not sending the budget," noting that "Parliament decided to vote on the amendments to the election law before the budget and after it was completed." The completion of these amendments, the budget law will be sent to the relevant committees.

 

The head of the Parliamentary Immigration Committee pointed out that "there is some flexibility in the issue of returning the budget to the government due to the difference in oil prices, as there are many things that the government can avoid despite the presence of a noticeable discrepancy in oil prices," pointing out that "the parliament is running out of time to approve the budget." , due to the government's delay in writing it, and for this reason it must be passed as quickly as possible to allow the government the opportunity to implement it 

its program.”

 

And he indicated that "Parliament has the right to transfer and reduce, and to discuss many matters with the representative of the government, and this matter is up for discussion, but it is unlikely that it will be returned to the government."

 

Regarding balancing the displaced in the budget, Suleiman explained that the ministry "has set what it deems appropriate and we will have a say in that, and we will demand the inclusion of a lot of money for the Ministry of Migration and the Displaced because we hope to return the displaced to their areas and compensate them, and add other amounts for the displaced to implement the government program for the return of the displaced to their homes." their areas and provide them with basic necessities.

 

 Edited by: Ali Abdel-Khalek

[yota691]

Parliamentary Finance: We have received the draft budget and it is not necessary to return it to the government

• Time: 03/28/2023 13:09:40
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• Read: 1,690 times

  

{Economic: Al Furat News} The Parliamentary Finance Committee ruled out returning the financial budget bill to the government.

Committee member Mueen Al-Kadhimi told {Euphrates News} agency, that: "The committee has not yet received the draft budget law in all its details and appendices, but only received the first draft and it appears that there is a large deficit in it, estimated at 64 trillion dinars."

"There is a possibility for the committee to have an opinion on this inability," he added.

Al-Kazemi stressed, "The talk about returning the budget to the government is not necessarily, but the Finance Committee will make amendments to the project in cooperation and agreement with the Ministry of Finance."

And the House of Representatives announced, on March 16, that it had received the draft budget law

It is noteworthy that the Council of Ministers approved, in its meeting on March 13, the three budgets and referred them to Parliament for approval.

Prime Minister Muhammad Shia al-Sudani said, after the council meeting in a press conference, that: "The total budget is more than 197 trillion dinars, the operational budget is more than 150 trillion dinars, and the investment budget is more than 47 trillion, and the budget deficit is 63 trillion dinars."

And that "total revenues amount to more than 134 trillion dinars, and oil revenues amount to more than 117 trillion based on the price of oil at 70 dollars, and non-oil revenues amount to more than 17 trillion dinars."

From.. Raghad Dahham

[yota691]

Lawmakers: The three-year budget blocks the path of corruption

The first  2023/03/29

 

 Baghdad: Omar Abdul Latif

 

Representatives believe that preparing a budget for the next three years will reduce the chances of looting and corruption from public money, while an economist warned against adopting 2023 allocations in the 2024 and 2025 budgets, explaining that these allocations may go into the pockets of manipulators and corrupt people, he said.

Representative Abbas al-Jubouri said, in an interview with "Al-Sabah", that "the three-year budget that the government sent to the House of Representatives is a financial plan for more than a year, according to what is designed by the Ministry of Finance and after the approval of the Council of Ministers," adding that "the stages of budget formation are preparation, approval and implementation." ".

The deputy pointed out that the budget "took a long period of time for a new government not more than four months ago, which is normal for a government with national expertise that walks between mines and surprises," noting that the government's supporters consider it "a national achievement that is produced for the first time in Iraq, and indicates a state of stability." This gives a reassuring impression to others.

Al-Jubouri continued, "The government is working to gain time for the coming years and not to waste useful time in discussions that are often repetitive every year."

The deputy pointed out that the opponents of this government "see that the three-year budget is a point in Al-Sudani's political balance due to its leadership and high audacity, and it is an early electoral propaganda for Al-Sudani and a method for rapid implementation," adding that "the budget from the opponents' point of view gives Al-Sudani "surplus power" that enables him to Building a lot in the world of politics, money and power, and distancing the government from the House of Representatives and expelling it from the circle of partnership, monitoring and accounts, in light of the instability of the global and local market, the dollar exchange rate and oil prices, and these are all factors of concern.

The deputy explained that "the neutrals believe that the tripartite budget was adopted in many stable countries and was not a financial or political heresy, and the objection to it falls within the political framework, not the economic or financial."

Economist Haitham Al-Husseini points out, "An error in understanding Article 4 second of Financial Management Law No. 6 of 2019 for preparing a medium-term budget."

Al-Husseini added in his interview with "Al-Sabah" that "within the general framework, the purpose of preparing a medium-term budget may be to provide financial stability," adding that "what is mentioned in the budget law in Article 65 is just a reference to approving the same allocations for the year 2023 for the two years that follow." .

The expert stressed that "preparing three separate budgets with an allocation for each fiscal year according to the actual need based on the final accounts of previous years is the right procedure," explaining that "if the same previous allocations are approved, they may go into the pockets of the manipulators and the corrupt."

 

Edited by: Ali Abdel-Khalek

[yota691]

Parliamentary Finance: Amendment to the sections of the budget and these segments are not affected

• Time: 03/29/2023 13:01:19
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• Read: 1,833 times

  

{Economic: Al Furat News} The Parliamentary Finance Committee announced its intention to amend and reduce the expenditures of some chapters of the financial budget.

Committee member Mueen Al-Kadhimi told {Euphrates News} agency: "Despite the existence of a large deficit in the budget, the dues of those whose contracts have been terminated, lecturers, employees, and any similar parties will not be affected," noting that "with the limits of 6 trillion dinars allocated to these segments, they will not be affected."

He added, "There is a possibility to reduce and amend some chapters of the budget, according to what the Finance Committee deems."

And the House of Representatives announced, on March 16, that it had received the draft budget law

It is noteworthy that the Council of Ministers approved, in its meeting on March 13, the three budgets and referred them to Parliament for approval.

Prime Minister Muhammad Shia al-Sudani said, after the council meeting in a press conference, that: "The total budget is more than 197 trillion dinars, the operational budget is more than 150 trillion dinars, and the investment budget is more than 47 trillion, and the budget deficit is 63 trillion dinars."

And that "total revenues amount to more than 134 trillion dinars, and oil revenues amount to more than 117 trillion based on the price of oil at 70 dollars, and non-oil revenues amount to more than 17 trillion dinars."

 

From.. Raghad Dahham

[yota691]

New details and recommendations.. (modifying the salary scale) on the table of a parliamentary meeting

 2023/03/29

 

 1363

 

Baghdad / resource news

The Media Department of the House of Representatives announced the details of hosting the Legal Committee today, Wednesday, the delegation of the committee (24S) for the year 2022, which is charged with amending the salary scale for state and public sector employees.

The department stated in a statement, "The Legal Committee, headed by Representative Murtada Al-Saadi, First Vice-Chairman of the Committee, and in the presence of its members, hosted the delegation of the Committee (24S) for the year 2022 charged with amending the salary scale for state and public sector employees."

The statement added: "The members of the Legal Committee listened to a detailed presentation by the Diwani Order Committee (24) of the stages of their work and the proposed results and recommendations."

The salary scale adjustment committee said, "It was formed in order to search for appropriate mechanisms to achieve fairness in the distribution of salaries by increasing the nominal salaries of the lower categories."

The Salary Scale Amendment Committee stated that the proposed increase will be in the nominal salary, starting from the tenth degree and decreasing to the first degree.

With regard to the impact of the salary adjustment on commodity prices, the committee indicated that "this amendment will affect the increase in consumer demand, since the groups included in the increase are among the lowest groups in the salary scale."

For their part, the members of the Legal Committee presented their "suggestions and opinions on the proposed recommendations," stressing that "the recommendations should be based on the latest financial statements and the changes that occurred in the value of the operating budget."

The Legal Committee added, "It is in the process of setting up a meeting with the Prime Minister in order to discuss the recommendations of the Salary Scale Amendment Committee, and to present the Legal Committee with its proposals and the most important laws that require legislative intervention from the House of Representatives."

[screwball]

7 hours ago, yota691 said:

The Legal Committee added, "It is in the process of setting up a meeting with the Prime Minister in order to discuss the recommendations of the Salary Scale Amendment Committee, and to present the Legal Committee with its proposals and the most important laws that require legislative intervention from the House of Representatives."

Pfft....bugdet and oil law would be a good start!

[yota691]

During 240 sessions...an expert shows the volume of dollar sales required to implement the 2023 budget

• Today 16:29

Information / special..
Today, Thursday, the economist, Nabil Jabbar, explained the volume of dollar currency sales required within a year to implement the 2023 budget, while he stressed that the government may fall into a "critical" situation as a result of its inability to spend the planned.
Jabbar told Al-Maalouma agency, "The implementation of the 2023 budget submitted by the government to Parliament requires that the Central Bank of Iraq conduct sales of dollar currency through its window, estimated at 550-600 million dollars per session."
He added, "The number of sessions required to sell this number during one year amounts to 240 sessions," noting that "the Iraqi market may not be able to respond to this volume of sales despite the increase in public spending."
The economist explained: "It is unlikely that the demand for hard currency for import purposes will exceed 250-300 million dollars per session," stressing that "
And the Prime Minister, Muhammad Shia Al-Sudani, had submitted the draft budget for 2023 to the Presidency of the House of Representatives; To vote on it inside the dome of parliament.
The deficit in the current year's budget was estimated at about 63 trillion dinars, which is the largest in the history of Iraq, while the price of one barrel of oil was set at $70, which raises concern among the Iraqi people. As a result of the instability of global oil prices

[yota691]

Planning reveals budget, debt and census details

2023.03.31 - 09:28

 

Baghdad - people  

The Minister of Planning, Muhammad Ali Tamim, revealed the details of the budget, debt and population census.  

  

  

Tamim said in a statement, which “NAS” received a copy of, (March 31, 2023), that “preparing a budget for three years is not new, but it was mentioned in the Financial Management and Public Debt Law of 2019 and approved in the previous session,” noting that “the budget depends on the main pillars, which are Revenues, expenses, deficit and deficit coverage.  

  

He added, "The budget is for three years, but the Council of Ministers did not attach the schedules for the years 2024 and 2025, so in practice it is for the year 2023 only," pointing out that "the 2023 budget approved nearly 200 trillion dinars, with a deficit of 60 trillion dinars, and this deficit is for the year 2023 only."  

  

He continued, "The 2023 budget relied on the price of a barrel of $70, and it was calculated according to realistic estimates," stressing that "the current government is not responsible for additions in the operational aspect of the budget, but rather deals with decisions taken by previous governments, including volunteers in ministries, free lecturers, standards readers, and contract employees." .  

  

Tamim explained, "We put in the budget a plan to address the internal and external debts owed by the government, of which only 15% were paid during the past ten years," noting that "we have taken serious steps in the Social Security Law."  

  

He pointed out that "the private sector is the main partner to aid the state and the government in implementing programs and policies, and we have begun practical steps to advance and develop it, as Iraq is not experiencing a planning crisis, but rather there is a problem in implementation."  

  

Tamim concluded his speech by saying: "We have taken steps to address the housing crisis by establishing new cities far from the center, and we have put plans in place to address bottlenecks and overcrowding in addition to encouraging investment, so that Iraq faces two main entitlements, the first is holding provincial council elections, and the second is conducting a comprehensive population and development census that determines what the country needs." services, infrastructure and others to achieve development.  

[yota691]

Al-Sari: It is difficult to return the budget to the government, and the Sudanese will attend its reading sessions

• Time: 03/31/2023 01:34:58
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• Read: 3,406 times

  

{Economic: Al Furat News} The head of the parliamentary bloc of the National State Forces Alliance, Faleh Al-Sari, announced the intention of the Parliamentary Finance Committee to make amendments to the draft financial budget law.

 

"It is difficult to return the budget to the government, and we will make amendments to it," said al-Sari, a member of the Finance Committee on the program "Before Suhoor" broadcast by Al-Furat TV, stressing that "Parliament has the powers to amend and transfer the budget."

He explained, "The state's revenues are still unilateral and dependent on oil, and we have reservations about presenting a budget for three years."

And that "dependence on oil and the fluctuation of its prices makes it difficult to adopt a budget for three years, and the Finance Committee differs among themselves regarding the budget."

Al-Sari noted that "the differences in the budget include numbers and a plurality of projects, with a large budget deficit that is very difficult to bridge." 

And he expected, "The launch of the budget in the month of May next, and the start of its implementation next June," noting that "oil is estimated at a price of 70 dollars, and the solution is to return the government to its estimates in the budget."

He revealed that "Prime Minister Muhammad Shia'a al-Sudani expressed his willingness and desire to attend the House of Representatives with his government ministers to explain and defend the budget and its importance in implementing his government program, and this is happening for the first time."

Al-Sari pointed out, "Everyone below the region estimates the sale of oil below seventy dollars and depends on oil revenues by 50 or 40%, so we believe that the acceptable estimate for the price of a barrel of oil in the Iraqi budget is 65 dollars a barrel."

And he stressed, "There are urgent projects, including sea water desalination, due to the water crisis that Iraq is currently and in the future, and the current budget has strategic projects."

He pointed out, "The Kurdistan region's share of the budget is 12.67%," noting that "the State Administration Coalition serves as a political reference for the government, and there is a government desire to prepare and amend the salary scale, which is not present in the budget."

He continued, "We were afraid of repeating the theft of the century in customs, which have huge financial deposits, but the Financial Supervision Bureau tightened its procedures on it and it became safe."

He noted "the importance of diversification in the ports, which is an essential and necessary matter. We previously called on Saudi Arabia to reopen the Jamima port, and it promised us that. We also support keeping the Basra-Aqaba pipeline, provided that the investment in it is Iraqi."

Regarding the theft of the horn case, Al-Sari said: "The first goal is to return the money for the theft of the horn, inflict retribution and punishment on the accused, and reveal all those involved in it."

On the exchange rate of the dollar, a member of Parliamentary Finance explained that "the graphic price of the dollar is going down with the Iraqi Central Bank's packages taking its toll on the market."

He stressed that "
Al-Sari confirmed, "The recovery of the former directorate of the Iraqi Trade Bank (Hamdiya Al-Jaf), and it is blamed that it provided, during its management of the bank, more facilities to the investors of the Kurdistan region compared to others, and with guarantees that are not equal to the volume of loans. ".
 

[yota691]

New information on the Iraqi budget has been revealed

09:58 - 31/03/2023

Read 1424 times

 

 

Iraqi Planning Minister Mohammed Ali Tamim said that this year's budget is 200 trillion dinars, the government has not yet prepared the budget schedule for 2024 and 2025, so in fact the budget prepared and sent to parliament, only for one year. "Preparing a budget for three years is not new, but it is mentioned in the Financial Management and Public Debt Law for 2019 and approved in the previous session. The budget is based on the main pillars,"

Tamim said revenues, expenditures, deficits and deficit filling.”

The Cabinet has not attached the schedules for 2024 and

"It is true that the budget is for three years, but the Council of Ministers has not attached the schedules for 2024 and 2025, so in practice only for 2023, in the 2023 budget, about 200 trillion dinars trillion dinars, this deficit is only for

The 2023 budget relies on a price of $70 a barrel

"The 2023 budget is based on a price of $70 a barrel, according to realistic estimates," he said.

"We have a plan in the budget to resolve the domestic and foreign debts that the government has previously incurred, while the government has repaid only 15 percent of these debts in the past 10 years," he said.

[yota691]

Other parts are promised

Parliament announces 'important' details of the country's budget

2023.04.02 - 21:21

 

  

Baghdad - Nas  

Member of Parliament, Magda Al-Tamimi, revealed, on Sunday, the details of the draft federal budget law, confirming that this information comes within the first part, and highlights the most important observations.  

  

  

  

Al-Tamimi indicated, in a press statement, a copy of which “NAS” received (April 2, 2023), that “the delay in sending the draft law from the government to the House of Representatives, while Article (11) of the Financial Management Law No. (6) of (2019) stated ( The Council of Ministers discusses and approves the federal general budget draft law and submits it to the House of Representatives before mid-October of each year), but the above-mentioned draft law was sent to the House of Representatives on 3/16/2023, which means that sending the draft was delayed for five months from the date specified by law.  

  

And she added: “If the argument is to present a draft law that is consistent and compatible with the government program, especially since the government granted it confidence on October 13, 2022, then we say that, without any doubt, this is the right of the government and it should be so, and we believe that the period of two and a half months was It is very sufficient to make amendments to the draft budget, which was prepared in advance, to come in conformity with the government program, which means that it should have been sent to Parliament on 12/31/2022.  

  

And she continued: “The most strange thing is that the Finance Committee officially received the project on the first of April from the Presidency of Parliament, and this is a dangerous precedent that did not happen during previous sessions.” And if we add to it a period of a month and a half for discussions in the Finance Committee and the Council, which means that the budget will be effective With the beginning of the month of June, after the Presidency of the Republic ratified it and published it in the Official Gazette.  

  

Al-Tamimi indicated the need to "attach important reports, as well as tables and the financial statement report sent with the draft budget law, to complete the picture for the members of the House of Representatives, which would reflect positively on the performance of the House while the members of the Finance Committee and other support committees made amendments to the draft law to be The outputs are accurate and based on sufficient information.  

  

Al-Tamimi confirmed the most important “reports that are required to be attached to the draft budget law as follows:  

  

1 – The actual expenditures of the Emergency support for Food Security and Development Law No. (2) for the year 2022, in the form of detailed tables showing all funded amounts and actual expenditures and the remaining ones, provided that it is audited by the Financial Supervision Bureau.  

  

2- A report from the Ministry of Finance on the accumulated advances (current and investment) for the end of 2022.  

  

3 - A report from the Ministry of Finance on the size of government deposits and their percentage of the total volume of total deposits and other expected revenues in detail, the targeted tax bases, customs duties, border crossings, state real estate revenues, the treasury’s share of the profits of public companies, and the Iraqi Fund for Foreign Development and Free Zones.  

  

4- A report from the Ministry of Finance / the Public Retirement Authority on the numbers of retirees according to the different categories, with an indication of the categories from which no retirement contributions are deducted and the total salaries of each category.  

  

5- A report from the Ministry of Oil on the quantities of oil produced and exported, the ratio of production costs to oil revenues, the amounts allocated for importing oil derivatives, the mechanism for their distribution, the expected production and export volume of crude oil and oil derivatives for the next three years.  

  

6 - A report from the Federal Ministry of Planning on the detailed bases for estimating the costs of investment projects, the volume of operational spending and their economic feasibility over their lifetime.  

  

7- A report from the Ministry of Planning that includes the gross domestic product, the percentage and contribution of economic sectors to the gross domestic product, the rate of implementation of investment projects, inflation rates, consumer price indices, the number of residents by governorates, the ratio of the number of people per governorate to the total population, the volume of government imports to the total imports.  

  

8- A joint report from the Ministries of Planning and Labor and Social Affairs on the gender balance (society segments) to show the extent to which fair human development has been achieved.  

  

9- A report from the Central Bank on the foreign exchange budget and the national money supply plan.  

  

10- A report from the Ministry of Commerce, in coordination with the Central Bank, that includes the foreign trade plan.  

  

Al-Tamimi pointed out that "other observations will be received successively regarding other paragraphs of the draft law."  

[yota691]

 

PARLIAMENTARY FINANCE: “THE FISCAL DEFICIT IS PLANNED AND A SURPLUS OF 30 TRILLION.”

 

Wednesday, April 5, 2023 11:35 PM

Baghdad / National News Center

Member of the Parliamentary Finance Committee, Jamal Cougar: “The fiscal deficit is planned and a surplus of 30 trillion.”

[yota691]

A "record" period... Parliamentary finance sets a date for approving the tripartite budget

2023-04-05 16:33

 

 

Shafaq News/ A member of the Parliamentary Finance Committee, Jamal Cougar revealed, on Wednesday, that the approval of the general budget will be after Eid Al-Fitr.

 

Cougar told Shafaq News agency, "The House of Representatives will work to read, discuss and approve the budget law within a record period that does not exceed a month."

 

 

He explained, "The House of Representatives has now begun the first reading of the budget law, and next week the second reading of the law will take place."

 

And Cougar continued, "After completing the second reading, a number of ministers, officials and governors will be hosted to discuss the financial allocations that were granted to ministries and departments in the budget law."

 

He concluded by saying, "We in the Parliamentary Finance Committee will work to approve the budget law after Eid al-Fitr."

 

Earlier today, Wednesday, Mohsen Al-Mandalawi, First Deputy Speaker of the House of Representatives, opened the work of Session No. (18) in the presence of 235 deputies, which is devoted to discussing the federal budget.

 

Parliament began its session by taking the constitutional oath to Representative Youssef Al-Kalabi, as a substitute for Representative Saadia Al-Aqabi.

 

After that, the House of Representatives proceeded with the first reading of the draft federal budget law for the Republic of Iraq for the fiscal years (2023, 2024, 2025).

[screwball]

14 hours ago, yota691 said:

The House of Representatives has now begun the first reading of the budget law, and next week the second reading of the law will take place."

This is great getting interesting….april 29/30 roll on?