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

[yota691]

Parliamentary Finance clarifies the salary scale and confirms that the budget includes degrees of deletion and creation

2023.04.12 - 11:05

 

Baghdad - people  

The Parliamentary Finance Committee announced, on Wednesday, that the budget includes degrees of deletion and creation, while it indicated that the salary scale depends on the same financial allocation and achieves market stability and social justice.  

  

  

  

A member of the committee, Mustafa Al-Karawi, said in a statement to the official agency, followed by “NAS” (April 12, 2023), that “after its first reading of the budget law, the committee began to hold its meetings, and it continues until the completion of writing the special report on it to include it in the second reading in the upcoming sessions.” Indicating that "the mechanism for reducing the deficit is through studying the budget in detail and working to reduce unnecessary expenditures in the operational as well as the investment budget."  

  

Al-Karawi added, "The committee will study the loans and their size with the size of the proven expenditures in order to reduce the unnecessary ones," noting that "there is a vision regarding the deficit and a strong study, but the real details are not clear, until the report is presented to the House of Representatives and the observations of the members of the House are received and they delve into the matter." Holding meetings and meetings with the government and its representatives, after which the amount of the deficit is announced.  

  

And he stressed, "The amount of the budget has not been decided yet," pointing out, "The last figure of the budget will be determined by studying the items in detail after addressing the operational and investment expenses."  

  

And he indicated, "Efforts are continuing to expedite the submission of the budget report and present it to the House of Representatives at the earliest session next week."  

  

And he stated, “The budget includes launching degrees of deletion and creation of ministries within the operational budget, with a discussion of the possibility of allocating degrees to some ministries that request that,” explaining: “We cannot refer to these degrees directly so as not to provoke the Iraqi people; but we must put them in Consideration when we discuss the operating budget with the government."  

  

Regarding the salary scale, Al-Karawi stressed that "the salary scale is outside the budget until now, because the issue is related to a committee that was formed by a bureaucratic order," pointing out that "the government has studied and re-evaluated the salary scale and the distribution of expenditures during the fiscal year to the employees themselves in varying degrees and amounts." ".  

  

He stated that "this matter is still under study by the committee hosted by the Finance Committee to find out what steps they have taken and to listen to their observations."  

  

He pointed out that "the issue of the salary scale has not been presented to the Council of Ministers yet," pointing out that "he is awaiting the economic advisory opinion regarding the recent amendment, as well as the remarks of the General Secretariat of the Council of Ministers."  

  

He continued, "The new scale achieves social justice, as one of the most important things that the members of the committee worked on is adopting the same financial allocation in the redistribution of salaries, meaning that there are no additional sums of money on the scale, but rather the actual expense," explaining that "the ladder Salaries will cause stability in the local market, as it will reduce the differences between employees, since some salaries exceed two and a half million dinars, while there are employees who receive salaries of up to 350 thousand dinars.  

  

He stated that "the salary scale will achieve stability in the market, and as for prices, this is the responsibility of the state to control them through economic security to prevent cases of exploitation."  

[yota691]

Parliament's finances regarding the budget: fixing controversial points regarding revenues, expenditures, deficits, and loans

 

money and business
   

Economy News - Baghdad
A member of the Parliamentary Finance Committee, Mustafa Al-Karawi, said, on Wednesday, that the committee has begun studying and reviewing the budget paragraphs in order to prepare its own report to be presented during the next session in the House of Representatives.

 

Al-Karawi added, in an interview with the official newspaper, "Al-Sabah", "There will be a receipt of the observations by the members of the council, and thus the start of hosting the government to study the paragraphs of the budget accurately and proceed to pass it."

 

He explained, "The committee has so far discussed about 17 articles, and the points of contention regarding revenues, expenditures, the deficit percentage, and the sections of new and continuous loans have been fixed, and all other details will be discussed and worked on, amended, and improved so that there is a positive impact on the Iraqi citizen and economy."

 

Al-Karawi indicated, "After the second reading, the amendments and proposals will be studied by the supporting committees in the House of Representatives, and the observations, amendments, and tables will be confirmed, and they will go to vote."

 

Al-Karaawi pointed out that "the committee deals with the budget in a technical way, and we hope that the political forces will keep the budget away from bets and political conflicts so that there will be no negative impact on the citizen as it directly affects him, because political conflicts will have a negative impact if they enter into the details of approving the budget." ".

 

Al-Karawi went on to say that "there is an innovation in the contracts that have been confirmed and some special requests for some ministries that have not been decided yet." 

 

---

Observations 121

Added 04/12/2023 - 11:03 AM

[6ly410]

Al-Sudani and Al-Mandalawi stress the importance of speeding up the adoption of the budget

Politics | Today, 17:52 | 

    Sudanese and Mandalawi stress the importance of speeding up the adoption of the budget » Baghdad News Agency Today (baghdadtoday.news)

 

Baghdad Today - Baghdad

Prime Minister Mohamed Shia Al-Sudani discussed with the First Deputy Speaker of the House of Representatives and members of the Labor and Social Affairs Committee, the importance of speeding up the approval of the budget law.

 

A statement by Sudani's office, received by "Baghdad Today", said that "he met today, Wednesday, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, and members of the Parliamentary Labor and Social Affairs Committee."

 

According to the statement, during the meeting, "coordination and integration between the executive and legislative authorities were emphasized, and the importance of speeding up the adoption of the budget, in order to facilitate the work of the government, and the implementation of its plans aimed at raising the standard of living and reducing poverty, in accordance with the five priorities included in the ministerial program, which the government is working to implement in its government curriculum."

 

The statement added that "the meeting dealt with recent government decisions on mechanisms for implementing laws targeting the segment of workers in the private sector, such as the Social Security Law, and the Federal Service Council's assumption of creating job opportunities for the unemployed, as well as loans provided to small entrepreneurs, and emphasizing the support of the government in implementing its government program, especially with regard to the axis of services and combating poverty."

 

[Laid Back]

“The Parliamentary Finance Committee announced, on Wednesday, that the budget includes degrees of deletion and creation, while it indicated that the salary scale depends on the same financial allocation and achieves market stability and social justice.”

 

Good News.!  Salary Scale has to approved and ratified before any changes on the dinar value.

 

Salary scale means a range of salaries from a minimum to a maximum for the public service, an occupation or a sector within the public service

 

Go Stronger Dinar $1+

 

 

[screwball]

8 hours ago, yota691 said:

The new scale achieves social justice, as one of the most important things that the members of the committee worked on is adopting the same financial allocation in the redistribution of salaries, meaning that there are no additional sums of money on the scale, but rather the actual expense,"

new scale new rate? 

[screwball]

4 hours ago, Laid Back said:

Good News.!  Salary Scale has to approved and ratified before any changes on the dinar value.

yep 100%

[yota691]

Parliamentarians diagnose 4 objections to the budget

The first  2023/04/13

 

 

  Baghdad: Muhannad Abdel Wahhab 

 

Members of the House of Representatives diagnosed four observations that stand in the way of passing the budget, the most important of which is that the deficit in it is large, in addition to the fact that the operating budget allocations are very high.

 

A member of the Parliamentary Finance Committee, Jamal Cougar, told Al-Sabah: “There are many objections to the budget: the large deficit and the fact that it is for the first time a budget for three years, and the part related to the operational budget is very high, and the fourth objection is that there are vital and important ministries that are marginalized in terms of allocations, and therefore The committee will work to reinforce it with some amounts, as is the case with other ministries that have singled out large numbers.

 

In turn, a member of the Finance Committee, Ikhlas Al-Dulaimi, told Al-Sabah: “The budget is a national vision, and therefore it has a large political aspect, and there will be mediation and intervention in order for things to proceed in the interest of the political forces, because they all represent the components, and therefore there will be a vision and convergence between these parties after the political agreement. 

 

Representative Kazem Al-Shammari believes that "the budget will not be delayed this time because there is a parliamentary will towards its approval and approval, and we understand as members of Parliament the difficulties facing the ministries in implementing their projects through the delay in approving the budget." 

 

Al-Shammari added, in an interview with "Al-Sabah", that "there is a parliamentary tendency to approve the budget, although it is not an ideal budget, but at least it provides legal and legitimate cover for the ministries to carry out their investment projects," pointing out that "the differences are not the known face of political differences, but there are A difference in viewpoints, and these points of view will not change the will of the members of the House of Representatives to approve the budget.

 

For his part, member of the Finance Committee, Mustafa Al-Karawi, said: "The mechanism for reducing the deficit is through studying the budget in detail and working to reduce unnecessary expenditures in the operational and investment budgets."

[yota691]

Approval of the largest financial budget in the history of Iraq within a month

Arab economy

Baghdad

fair deputies

April 13, 2023

 

Oil revenues raised revenues to record levels (AFP)

 

Representatives in the Iraqi parliament suggested , during statements to Al-Araby Al-Jadeed, that the financial budget for the current year 2023, which is the largest in the country’s history, will be passed at $151 billion in the middle of next month, stressing that parliament will make amendments to several paragraphs and chapters in the budget before it is voted on.
And the Iraqi parliament had received, in the middle of last month, the draft budget law for the current year and the years 2024 and 2025, by the Council of Ministers. The value of each budget amounted to nearly 200 trillion dinars ($151 billion), the highest in the country's history. Last Wednesday, the Iraqi parliament managed the first reading of the draft.
A member of the Finance Committee in the Iraqi parliament, Jamal Cougar, told Al-Araby Al-Jadeed that, “After the first reading of the budget law, we are currently working on studying and writing a report on the law and the observations regarding the spending chapters in the law, after which this report will be discussed in the parliament session, which It is hoped that it will be held in the coming days, and the budget is expected to be approved in the middle of next month.

 

And Cougar stated, “The Parliamentary Finance Committee has many observations about the paragraphs and articles of the budget law, and it will work to make amendments to the law according to the powers vested in the House of Representatives, and we will also work to reduce the large financial deficit in the budget, and this deficit does not pose any danger to the salaries of employees.” and retirees, and these salaries are fully insured.
The year 2022 passed without approving a budget for the country, due to the political crisis, and the previous caretaker government had tried to send a budget, but it was prevented by a decision of the Federal Court.
On the other hand, the representative of the “coordinating framework” and a member of the Parliamentary Finance Committee, Mueen Al-Kazemi, told Al-Araby Al-Jadeed that “discussions are continuing between the relevant parliamentary committees regarding the budget law, and there will be hosts during the next week for a number of ministers, in order to discuss allocations.” Finance and other budget issues.
And Al-Kazemi indicated that "there are observations on the financial allocations for the governorates, compared to the allocations of some ministries, and there are dialogues regarding the creation of job grades for contract holders and a number of ministries, and finally resolving this file, especially since the budget will include launching degrees of deletion and creation of ministries within the operational budget."

[yota691]

A member of Parliamentary Finance diagnoses 4 observations that stand in the way of passing the budget

 

money and business
   

Economy News - Baghdad
On Thursday, a member of the Parliamentary Finance Committee, Jamal Cougar, diagnosed four observations that stand in the way of passing the budget, including the “large deficit.”

Cougar told the official newspaper, "There are many objections to the budget: the large deficit and the fact that it is for the first time a budget for three years, and the part of the operational budget is very high."

He added, "The fourth objection is that there are vital and important ministries that are marginalized in terms of allocations, and therefore the committee will work to reinforce them with some amounts, as is the case with other ministries that were singled out in large numbers."

 

---

Views 149

Added 04/13/2023 - 11:19 AM

[yota691]

Parliamentary Finance: The possibility of making 3 amendments to the draft budget

2023.04.14 - 13:23

 

Baghdad - Nas  

On Friday, the Parliamentary Finance Committee identified the most prominent files that will be discussed with Prime Minister Mohamed Shia Al-Sudani during tomorrow's session, Saturday, while revealing the possibility of making 3 new amendments to the draft general budget 2023.  

 

  

  

A member of the committee, Mueen Al-Kazemi, said in a statement to the official agency, followed by “NAS” (April 14, 2023), that “the draft budget law for the year 2023 is estimated at 199 trillion, with a fiscal deficit of 64 trillion,” indicating that “Iraq’s revenues amount to 134 trillion.” 117 of which is from oil revenues and 17 trillion from non-oil resources.  

  

Al-Kadhimi added, "The Finance Committee's observations on the draft budget law are to address the deficit by reducing the operating budget with the possibility of making adjustments to the investment budget, especially in the file of provincial allocations, given that the number allocated for the development of regions is few, so it is possible to make a transfer of funds from some ministries to the provinces." ".  

  

He pointed out, "There is a possibility of reducing the volume of external borrowing, which reached nearly 9 trillion in the budget, to avoid placing a large financial burden on the Iraqi people and the budget."  

  

And he continued, "The Finance Committee has completed reading and discussing 67 articles of the budget law," pointing out that "the members of the committee are working on confirming the observation of preparing the report of the Finance Committee and reading it under the dome of Parliament."  

  

Al-Kazemi expected that the second reading of the budget bill would take place immediately after Eid Al-Fitr,” explaining that “the meeting of the Finance Committee with Prime Minister Muhammad Shia’a Al-Sudani next Saturday will discuss dealing with the financial deficit in the budget, adding support to the governorates, reducing external borrowing, and preparing a budget for three years.” ".  

[yota691]

Parliamentary Finance for Employees: The budget deficit does not pose a threat to salaries

• Time: 04/13/2023 18:33:27
•  
• Read: 3,081 times

  

{Economic: Al Furat News} The Parliamentary Financial Committee reassured the employees that their salaries would not be affected by the large financial deficit in the financial budget for the year 2023.

Committee member Jamal Cougar said: "We will work to reduce the large financial deficit in the budget," stressing that "this deficit does not pose any danger to the salaries of employees and retirees, and these salaries are fully insured."
He added, "The Parliamentary Finance Committee has many observations about the paragraphs and articles of the budget law, and it will work to make amendments to the law according to the powers vested in the House of Representatives."
He pointed out, "After the first reading of the budget law, we are currently working on studying and writing a report on the law and notes regarding the spending chapters in the law, after which this report will be discussed in the parliament session, which is hoped to be held in the coming days, and the budget is expected to be approved in the middle of the month." Next".

[yota691]

Member of the Parliamentary Finance: Hosting officials to set the ceiling for funding and transfers in the budget

• Time: 04/13/2023 22:22:01
•  
• Read: 2,964 times

  

{Politics: Al-Furat News} A member of the Parliamentary Finance Committee, Ali Moanes, revealed today, Thursday, that he hosted officials to set the ceiling for financing and transfers in the budget.

 

Moanis told Al-Furat News that: "The meetings of the Parliamentary Finance Committee with the authorities concerned with the budget law will include the meeting with the parliamentary committees as well, because they will be concerned with hosting officials in the ministries, especially those concerned with financial matters." 
He added, "The budget was voted on in the Council of Ministers first, and all ministers demanded this ceiling of financing, and there are transfers that require that the financing ceiling be high or that the financing ceiling be low to move the doors."
"Therefore, sitting with the financial officials is necessary to determine those ceilings, whether they are lowered or raised according to the needs of the doors," Moanes continued.
For his part, a member of the Parliamentary Finance Committee, Jamal Cougar, diagnosed four observations that stand in the way of passing the draft financial budget law.
Cougar said, there are many objections to the budget, first, the most prominent of which is the large deficit, and the second being that for the first time it is a budget for three years, and the part of the operational budget is very high, and the fourth objection is that there are vital and important ministries that are marginalized in terms of allocations.
And the House of Representatives announced, on Monday evening, that the Parliamentary Finance Committee had completed its discussions on the draft federal budget law, in the presence of the first deputy speaker of Parliament.
The First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, confirmed that the next few period will witness the second reading of the budget bill during a meeting of the Parliamentary Finance Committee, in the presence of its chairman and members.
Last Wednesday, the House of Representatives completed the first reading of the draft federal budget law for the Republic of Iraq for the fiscal years (2023, 2024, 2025).

From: Raghad Dahham

[yota691]

Al-Kazemi expects to start the second reading of the budget immediately after the holiday, and reveals the amendments that will occur to it

 

- 04-14-2023 02:03 PM - Number of readings: 3458

 

A member of the Parliamentary Finance Committee, Mueen Al-Kazemi, expected to start the second reading of the budget immediately after Eid Al-Fitr, pointing out that there will be amendments to it. 

 

Al-Kazemi said in a statement, "The draft budget law for the year 2023 is estimated at 199 trillion, with a financial deficit of 64 trillion," noting that "Iraq's revenues amount to 134 trillion, 117 of which are from oil revenues and 17 trillion from non-oil resources."

 

Al-Kazemi expected that the second reading of the budget bill would take place immediately after Eid Al-Fitr, "explaining that" the meeting of the Finance Committee with Prime Minister Muhammad Shia Al-Sudani next Saturday will discuss dealing with the financial deficit in the budget, adding support to the governorates, reducing external borrowing, and preparing a budget for three years. ".

He added, "The Finance Committee's observations on the draft budget law are to address the deficit by reducing the operating budget with the possibility of making adjustments to the investment budget, especially in the file of provincial allocations, given that the number allocated for the development of regions is few, so it is possible to make a transfer of funds from some ministries to the provinces."

He pointed out that there is a possibility of reducing the volume of external borrowing, which reached nearly 9 trillion in the budget, to avoid placing a large financial burden on the Iraqi people and the budget. 

And he continued, "The Finance Committee has completed reading and discussing 67 articles of the budget law," pointing out that "the members of the committee are working on confirming the observation of preparing the report of the Finance Committee and reading it under the dome of Parliament." 

[yota691]

Parliamentary Finance reveals the possibility of making 3 new amendments to the 2023 draft budget

 

PM:02:06:14/04/2023

664 views

 

Today, Friday, the Parliamentary Finance Committee revealed the possibility of making 3 new amendments to the draft general budget 2023, specifying the most prominent files that will be discussed with Prime Minister Muhammad Shia Al-Sudani during tomorrow’s session.

 

Committee member Mueen Al-Kadhimi said in a press statement, followed by NRT Arabia, that "the draft budget law for the year 2023 is estimated at 199 trillion, with a fiscal deficit of 64 trillion," noting that "Iraq's revenues amount to 134 trillion, 117 of which are from oil revenues and 17 trillion from resources." non-oil."

 

Al-Kadhimi added, "The Finance Committee's observations on the draft budget law are to address the deficit by reducing the operating budget with the possibility of making adjustments to the investment budget, especially in the file of provincial allocations, given that the number allocated for the development of regions is few, so it is possible to make a transfer of funds from some ministries to the provinces." ".

 

He pointed out, "There is a possibility of reducing the volume of external borrowing, which reached nearly 9 trillion in the budget, to avoid placing a large financial burden on the Iraqi people and the budget." 

 

And Al-Kadhimi continued, "The Finance Committee has completed reading and discussing 67 articles of the Budget Law," pointing out that "the members of the committee are working on confirming the observer to prepare the report of the Finance Committee and read it under the dome of Parliament." 

 

And he expected, “The second reading of the budget bill will take place immediately after Eid Al-Fitr,” explaining that “the meeting of the Finance Committee with Prime Minister Muhammad Shia’ Al-Sudani next Saturday will discuss the treatment of the financial deficit in the budget, adding support to the governorates, reducing external borrowing, and preparing a budget for three Years".

[yota691]

A new statement from the Parliamentary Finance regarding the budget... and the salary scale is under study

---

16:59  2023-04-13  187  Economy 0

 

Today, Thursday, the Parliamentary Finance Committee confirmed holding continuous meetings and meetings to write the budget report before submitting it for the second reading, and while clarifying the mechanisms for reviewing the project, it indicated that the new salary scale is still under study.

The committee said, in a statement received by "Al-Mutala", that "after completing the first reading of the budget law, the Finance Committee began holding its meetings until the completion of writing the budget report and including it for the second reading."

The statement indicated, "The committee will apply a mechanism to reduce the deficit by studying the budget in detail and working to reduce expenditures in the operational as well as investment budget, while studying the volume of loans and expenditures established in this section."
He added, "The study of the budget will also relate to calculating oil and non-oil revenues, and on the basis of this, the total revenues will be determined after studying the items in detail."

He pointed out, "The committee is obligated to expedite and intensify efforts in order to ripen the budget report, prepare notes, and present them to Parliament at the earliest session, which is hoped to be next week."

He pointed out, "The degrees of deletion and creation are fixed in the operating budget, and some ministries have requested job degrees."

And he added, "The issue of the salary scale is outside the budget and is still under study, because the issue is related to a special committee that was formed by Diwani Order No. 24 to study and re-evaluate the salary scale and distribute the amounts spent during the fiscal year."

And he noted, "The Finance Committee hosted the committee, and the members' comments and visions regarding the amendments were heard, and now the subject is still under study and has not been presented to the Council of Ministers until this moment, and the issue is awaiting the opinion of the economic advisor on the last amendment, as well as the observations of the General Secretariat of the Council of Ministers, and then it will be He presented it to the Council of Ministers and Representatives for discussion and follow-up.

He pointed out, "One of the most important things that the committee worked on is adopting the same financial allocation of salaries with a redistribution of numbers to achieve justice and bridge the differences."

[yota691]

The budget and a number of files are on the table of the Strategic Planning Committee

• Time: 04/15/2023 13:56:16
•  
• Read: 572 times

  

{Local: Al Furat News} The Strategic Planning and Federal Service Committee, headed by Representative Laila Al-Tamimi, Chairman of the Committee, and in the presence of its members, received a group of experts in the financial field today, Saturday, to discuss the federal general budget.

The media department of the House of Representatives stated in a statement, received by {Euphrates News}, that "the hosting discussed the articles of the Financial Management Law, the public debt and its objectives, and the extent of applicability of the articles of the law with what was approved within the texts of the federal general budget in drawing up financial policy and determining the country's need for goods and services and a plan for foreign trade from Through the relevant authorities mentioned in Article 9 of the text of the above-mentioned law. 

The Strategic Planning and Federal Service Committee also discussed the limits of the financial relationship between fiscal policy and the central bank and its repercussions on the economic situation, the need for a strategy concerned with development, the effects of open spending doors and its schedules attached to the text of the general budget law based on internal and external borrowing, and the disadvantages of the rapid mechanism used in preparing the general budget. The federal government on the one hand and its approval was delayed on the other hand, in addition to the schedule of job creations, expenditure items, reduction and reduction, the volume of external borrowing and the benefits accruing from it, the actual need for borrowing, the volume of oil exports and break-even points with regard to operating expenses.

Experts in the financial affairs also made proposals related to the necessity of drawing up a strategy with long-term goals and modernizing the method and mechanisms for preparing the budget within an integrated program consistent with the priorities of the government program, bridging and financing the deficit and transferring state property to avoid loans and pay and settle internal debts, as well as involving the private sector in investment projects. Directing public spending according to priorities, rationalizing endowment spending, investing idle resources, setting up a structure for opportunities available to all sectors and an investment map that defines the government agency and scheduling investment projects with the aim of creating a budget that is not devoid of economic and developmental feasibility.

[yota691]

Deputy: The budget in its current form ends the annual political blackmail

• Time: 04/15/2023 10:22:10
•  
• Read: 1,456 times

  

{Economic: Al Furat News} Representative Alia Nassif confirmed that the financial budget in its current form, which includes the next three years, will ensure the sustainability of projects and end the annual political blackmail.

Nassif said in a statement, of which {Euphrates News} received a copy: "We see that the financial budget with this bold formulation includes goals related to the government program for the first time for the next three years and puts an end to the annual political extortion, and through it we will ensure sustainability in the implementation of projects and their independence because it gives stability to projects instead of Implementation fluctuations and waste of public money without achieving results on the ground.

Nassif indicated that "this budget will block the path of corruption mafias that are accustomed to draining public money through bargaining and extortion."

[yota691]

Parliamentary Finance reveals a number of service projects in the budget

• Time: 04/15/2023 11:05:05
•  
• Read: 1,456 times

  

{Economic: Al Furat News} The Parliamentary Finance Committee revealed, today, Saturday, that there are a number of service projects in the general budget, which will be voted on soon.

Committee member Ali Moanis told the Euphrates news agency, "There are a number of service projects in the budget law, and the government sheds light on these projects for the purpose of implementing the largest number of them to finance them properly."

He added, "Some of these projects require the actual need for them, so discuss their financial matters through transferring doors, increasing and decreasing with the Ministry of Finance mainly and the relevant ministries."

And last March, the House of Representatives read the first reading of the Federal General Budget Law, while a member of the Parliamentary Finance Committee, Mueen Al-Kazemi, indicated that next May is the date for voting on the budget.

Raghad Daham

[cranman]

On 4/15/2023 at 9:01 AM, RJG said:

Parliament receives the report of the Finance Committee on the draft budget law

11 minutes ago

Rudaw

• HARE ON MESSENGER

 

 

IRAQ

n

Keywords: Iraqi parliament, budget

Rudaw Digital

The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, announced that the Presidency of the House of Representatives had received the report of the Parliamentary Finance Committee related to the draft general budget law, and Al-Mandalawi 

said in a statement, today, Saturday (April 15, 2023), that “the Presidency of the House of Representatives received the report of the Finance Committee related to the budget.” He added that "we will proceed to the second reading of the law in the session tomorrow, Sunday."

https://www.rudawarabia.net/arabic/middleeast/iraq/150420234

Hell yeah! Who says nothing gets done during Ramadan? 

We're moving forward. Slowly but SURELY!

[DinarDavo]

1 hour ago, yota691 said:

"this budget will block the path of corruption mafias that are accustomed to draining public money through bargaining and extortion."

 

Sounds like a positive precept that the US congress could benefit from....

[yota691]

Sanad: The deficit in the tripartite budget is close to 200 trillion dinars

 

money and business
   

Economy News / Baghdad
A member of the Parliamentary Finance Committee, Mustafa Sanad, confirmed, on Sunday, that the deficit for the current year with the next two years is close to 200 trillion dinars, pointing to the scarcity of allocations necessary to revitalize the economy.

Sanad said in a statement, "The expected deficit for three years is 180 trillion Iraqi dinars, of which 120 trillion dinars is an additional internal debt, which is more than double the total internal debt for the last 15 years."

He added, "The Kurdistan Region's share will rise to 21 trillion dinars, with the addition of the ruling expenses and the costs of extracting, transporting and exporting oil, with calculating the salaries of the Peshmerga, transferring the 20th Brigade, covering the salaries of new jobs, and paying the TBI loan."

He pointed out that "the revenues from the sale of black oil and oil derivatives exported from the region have not been credited to the state treasury, just as there is no text that requires that the region's share be in return for the delivery of its source oil, just as there are no specific numbers for the revenues of ports, customs and taxes."

He pointed to "the increase in the emergency budget from 150 billion dinars to 500 billion dinars, as well as the budget for special programs 3.5 trillion dinars and the decrease in the share of the provinces in the development of the regions in total (Karbala 78 billion dinars, for example)."

And he warned that "there are no items in the budget that the following segments (employees, contracts, and graduates) await," noting that "the budget included, as usual, large loans to influential companies and institutions and did not address internal loans to support graduates or housing, real estate, and industrial loans."

He stressed that there are no expenditures that contribute to stimulating the economy and creating development outside the state fund, as well as there are no goals for the budget (domestic product, poverty, inflation, employment).  

 

---

51 views

Added 04/16/2023 - 4:31 PM

[jg1]

6 minutes ago, yota691 said:

Sanad: The deficit in the tripartite budget is close to 200 trillion dinars

 

money and business
   

Economy News / Baghdad
A member of the Parliamentary Finance Committee, Mustafa Sanad, confirmed, on Sunday, that the deficit for the current year with the next two years is close to 200 trillion dinars, pointing to the scarcity of allocations necessary to revitalize the economy.

Sanad said in a statement, "The expected deficit for three years is 180 trillion Iraqi dinars, of which 120 trillion dinars is an additional internal debt, which is more than double the total internal debt for the last 15 years."

He added, "The Kurdistan Region's share will rise to 21 trillion dinars, with the addition of the ruling expenses and the costs of extracting, transporting and exporting oil, with calculating the salaries of the Peshmerga, transferring the 20th Brigade, covering the salaries of new jobs, and paying the TBI loan."

He pointed out that "the revenues from the sale of black oil and oil derivatives exported from the region have not been credited to the state treasury, just as there is no text that requires that the region's share be in return for the delivery of its source oil, just as there are no specific numbers for the revenues of ports, customs and taxes."

He pointed to "the increase in the emergency budget from 150 billion dinars to 500 billion dinars, as well as the budget for special programs 3.5 trillion dinars and the decrease in the share of the provinces in the development of the regions in total (Karbala 78 billion dinars, for example)."

And he warned that "there are no items in the budget that the following segments (employees, contracts, and graduates) await," noting that "the budget included, as usual, large loans to influential companies and institutions and did not address internal loans to support system" rel="">support graduates or housing, real estate, and industrial loans."

He stressed that there are no expenditures that contribute to stimulating the economy and creating development outside the state fund, as well as there are no goals for the budget (domestic product, poverty, inflation, employment).  

 

---

51 views

Added 04/16/2023 - 4:31 PM

Knock off three zeros to the rate of the Iraqi currency, and you’re all good to go.

[horsesoldier]

2 hours ago, jg1 said:

Knock off three zeros to the rate of the Iraqi currency, and you’re all good to go.

20 years of dragging this through the weeds & the sky is falling...it's exhausting and so are they. The tedious foot dragging & sand bagging by the corrupt criminal politicians is well: enough is enough.

Just push the button for a proper international rate & you can go back to stealing as much as you like cuz we'll all leave U criminals far behind by then.

 

All the Best jg1 

 

 

[rvmydinar]

1 minute ago, horsesoldier said:

Just push the button for a proper international rate & you can go back to stealing as much as you like cuz we'll all leave U criminals far behind by then.

👍

[screwball]

4 hours ago, horsesoldier said:

Just push the button for a proper international rate & you can go back to stealing as much as you like cuz we'll all leave U criminals far behind by then.

dont worry they will....its entrenched.....kuwait's parliament has been disolved almost every year due to corruption