The Finance Committee requests a 24-hour deadline: Kurdistan's dispute was confined between the "two parties" over the 10% clause

[yota691]

Al-Kalabi: The budget will be decided next week, and it will be passed without disagreements

• Time: 05/26/2023 21:32:23
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• Read: 1,573 times

  

{Economic: Al Furat News} A member of the Parliamentary Finance Committee said that the financial budget bill will be decided next week.

Youssef Al-Kalabi told {Euphrates News} agency: "So far, the committee is working on preparing the schedules for the budget, to be submitted for approval."
He added, "Next week, the budget file will be resolved and handed over for the purpose of voting on it."
Al-Kalabi expected that "the budget will be passed without disagreements or objections."
The Speaker of Parliament, Muhammad al-Halbousi, announced earlier that the draft financial budget law would be put to vote in Saturday’s session tomorrow.

Raghad Daham

[screwball]

11 hours ago, yota691 said:

The Speaker of Parliament, Muhammad al-Halbousi, announced earlier that the draft financial budget law would be put to vote in Saturday’s session tomorrow.

Raghad Daham

no news as yet?

[yota691]

A member of Parliamentary Finance regarding the region’s budget paragraph: We accomplished what we had to do without courtesy

• Time: 05/27/2023 14:44:55
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• Read: 26 times

  

{Politics: Al-Furat News} A member of the Parliamentary Finance Committee, Uday Awad, indicated today, Saturday, that the committee had accomplished what it had to do “without courtesy” with regard to the Kurdistan region’s budget paragraph.

Awwad said in a tweet on his Twitter account: "The proposal that I submitted to the Finance Committee and was voted on by the majority of the committee members regarding the Kurdistan Region clause is not complete justice, but rather a part of it, and yet you find the region objecting to it."

He added: "We accomplished what we had to do without courtesy or acquiescence to anyone, and whoever gave you a promise to take Iraq's budget for free, let him come and vote in your favor if he can."

[yota691]

Finance Committee: We are waiting for a date to vote on the budget law

 7 minutes ago

392

 

[yota691]

Parliamentary Finance: We are waiting for a date to vote on the budget law

• Time: 05/27/2023 15:48:29
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• Read: 754 times

  

{Economic: Al Furat News} Today, Saturday, the Parliamentary Finance Committee discussed the oil sector file with the Parliamentary Oil and Gas Committee.

The head of the committee, Atwan Al-Atwani, said, "The committee entered into precise details about studying the paragraphs and items of the budget."

Al-Atwani indicated that the committee is waiting for "setting a date for voting on the budget law."

There are still points of contention in the budget regarding the share of the Kurdistan region, which prompted the continuation of dialogues and discussions about the budget before its approval.

[Fimum]

... without disagreement!

 

I like the sound of that.

 

🙂

[stanleypower]

Looks like today isn’t the day!

[yota691]

Al-Atwani: The Finance Committee is awaiting a date for voting on the budget

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16:08  2023-05-27  58  local 0

 

Today, Saturday, the Finance Committee announced that it is awaiting a date for voting on the federal budget by the Presidency of Parliament. This took place during its hosting of the Oil, Gas and Natural Resources Committee, to discuss proposals submitted regarding the oil sector.

 

A statement by the Media Department of the House of Representatives said, "The Finance Committee, headed by Atwan Al-Atwani and in the presence of a number of its members, received today the Oil, Gas and Natural Resources Committee, to discuss the proposals submitted regarding the oil sector."

 

The statement added, "The Chairman of the Finance Committee welcomed, at the outset, his hosting of both the chairman and members of the Parliamentary Oil Committee, indicating that the Finance Committee takes into account all the observations received from the parliamentary committees that reflect positively on the citizens and the country in general."

 

He pointed out that "the committee entered into precise details about studying the paragraphs and items of the budget, with the aim of reducing spending and increasing non-oil revenues, explaining that the committee is about to complete the completion of the budget law and is awaiting setting a date for voting on it in the House of Representatives."

 

Heibet al-Halbousi, Chairman of the Oil Committee, also appreciated the continued efforts of the Finance Committee to mature the budget law and its keenness to complete it in the fullest way, while listening to the details related to the oil field and the problems about the projects of the Ministry of Oil, oil exports, licensing round contracts, and the need to secure the necessary sums for the continuation of the work of oil companies.

 

The Parliamentary Finance and Oil Committees discussed the article related to the issue of collecting fees from the proceeds of selling oil derivatives, in addition to the work of oil refinery companies and the costs of liquidation and export in order to increase the oil revenues that supply the state treasury.

[stanleypower]

Looks like today isn’t the day!

[rvmydinar]

Looks like everyday isn't the day for almost 20 years.

[Half Crazy Runner]

12 minutes ago, rvmydinar said:

Looks like everyday isn't the day for almost 20 years.

💯 🎯 

[new york kevin]

Hasn't the budget law been the tickle point in every budget negotiation over the past 20 yrs? How much are the Kurds gonna get? How is Bagdad going to pay them? Yada yada. Hope they completed mechanisms to restart oil sales via Turkeys Ceylon pipelines. My opine. Take care all DV'rs . Be blest.

Edited May 27, 2023 by new york kevin

[horsesoldier]

...just keep dragging this through the weeds 

[HowieC]

I wonder how much is stalling directly related to the cluster going on in the US. 

[Officiallytook]

1 hour ago, HowieC said:

I wonder how much is stalling directly related to the cluster going on in the US. 

Exactly my thoughts smh...

[yota691]

Approval of the federal budget will be delayed until next Tuesday or Wednesday

 

PM:09:09:27/05/2023

268 views

 

Today, Saturday, the Finance Committee, chaired by Atwan Al-Atwani and in the presence of all its members, discussed the mechanism for making transfers between spending units based on the institutions’ need for the implementation of investment projects and programmes.

 

The Media Department of the House of Representatives said in a statement, NRT Arabia received a copy of it, that Al-Atwani, "appreciated the efforts of the members of the committee exerted in analyzing the items and checking the tables contained within the general budget law and confirming transfers."

 

According to the statement, "discussions took place on how to make transfers between spending units as needed, and to add financial allocations for development projects."

 

Representative Durgham al-Maliki stated that "one of the reasons for the delay in approving the budget is the share of the Kurdistan Region, which amounts to 12%, but after adding some paragraphs it rose to 21%, which other political blocs considered unfair."

 

And the member of the House of Representatives expected that "Parliament will be able to pass the budget law on next Tuesday or Wednesday, in the event that there is political agreement on it."

[Dretown39]

Woman: What's your name handsome?

Man: Iraq

Man: What's your name cutie?

Woman: DeLay

😆😆😆😆

[screwball]

6 hours ago, Officiallytook said:

Exactly my thoughts smh...

well put it this way if they pass laws and rv tomorrow US would not default they would have the money to continue government....which tells me they are stonewalling!!!!

[screwball]

6 hours ago, yota691 said:

in the event that there is political agreement on it."

LOL...there"s the disclaimer one would think that the years they have spent negoiating the % that this would have been done by now? so this delay is regarding two oil fields?

Edited May 28, 2023 by screwball

[horsesoldier]

30 minutes ago, screwball said:

LOL...there"s the disclaimer one would think that the years they have spent negoiating the % that this would have been done by now? so this delay is regarding two oil fields?

Wouldn't surprise me if all this bickering was over the price of hair oil. These petty fools will argue over anything.

[DanP]

As the currency auction train blows down the tracks. 

[Hotcurl]

1 hour ago, screwball said:

LOL...there"s the disclaimer one would think that the years they have spent negoiating the % that this would have been done by now? so this delay is regarding two oil fields?

'Ya, I thought this was ALL done, everyone was happy, after numerous procedural negotiating trips back and forth, the result being, everyone was in agreement and happy BEFORE Ramadan.

Sending the document to be voted on was the last obstacle. 

 

I smell smoke and see a cloud in the mirror ....................

 

Drama queens and 7th century religious tribalism at its best .................

 

Just sayin' ..................

 

Semper Fi 

[yota691]

Presidency of Parliament is preparing to receive the draft budget

The first  2023/05/27

 

 

 Baghdad: morning

 

Yesterday, Friday, the Parliamentary Finance Committee finished voting on the most important dilemma in the federal budget, which is the share of the region, despite the objection of the Kurdistan Democratic Party. Parliament tomorrow, Sunday, to be included in the agenda.

A member of the Finance Committee, Mueen Al-Kazemi, told Al-Sabah: “The region’s share in the budget was voted on in Articles 13 and 14 after an amendment was made to the next version of the budget from the government, despite the objection of the Kurdistan Democratic Party bloc,” noting that “thus the committee has completed All 67 budget articles, and today (Saturday) some financial transfers will be completed and schedules amended, and the budget will be ready to be handed over to the Presidency of Parliament for the purpose of voting on it.

He added that "there is no amendment to the share of the region in the budget, and it remained as it came from the government 12.67%," noting that "the amendment was added to the scenario of distributing oil exports from the region, which is that Iraq has an export share of 3 and a half million barrels per day of oil, so it became The share of the region is 400 thousand barrels, and the rest of the provinces export 3 million and 100 thousand barrels.

He continued, "The signing of oil contracts with companies is carried out by the Iraqi Ministry of Oil, not the regional government, and this is what was confirmed by the Federal Court and the Arbitration Committee in Paris," and indicated that "oil revenues from the four companies operating in the region will be deposited in the central bank account in the name of the Ministry of Finance." And the federal prime minister will authorize the prime minister of the region to spend, and the region’s share will be transferred to the bank account provided by the region’s government.

[yota691]

Financial Finance checks the schedules of the General Budget Law

• Time: 05/27/2023 18:04:14
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• Read: 2,041 times

  

{Local: Al Furat News} The Finance Committee, chaired by Atwan Al-Atwani and in the presence of its members, held today, Saturday, a meeting in which it discussed the mechanism for conducting transfers between spending units based on the institutions' need in order to implement projects and investment programs.

 

Al-Atwani appreciated, according to the committee's statement, a copy of which {Euphrates News} received: "the efforts of the committee members in analyzing the items and checking the tables contained in the General Budget Law."

The statement added, "There were discussions about how to make transfers between spending units as needed, as well as adding financial allocations for development projects."

[yota691]

More than 27 trillion dinars, the volume of financial revenues in Iraq's budget in March

2023-05-28 05:46

 

 

Shafaq News/ The Ministry of Finance issued the accounts of the Iraqi state for the month of March for the fiscal year 2023, which indicated that the volume of financial revenues in the Iraqi budget amounted to more than 27 trillion dinars, while it showed that the contribution of oil to the federal budget is still 96%.

 

Shafaq News agency followed the data and tables issued by the Ministry of Finance in the current month of May for the accounts of last March of 2023, which showed that oil is still the main resource for Iraq's general budget, reaching 96%, which indicates that the rentier economy is the basis for Iraq's budget. the public.

 

 

And through the financial tables, it showed that the total revenues until March amounted to 27 trillion and 236 billion and 213 million and 462 thousand and 818 dinars, after excluding from them the transfer revenues amounting to two trillion and 115 billion and 930 million and 623 thousand dinars, explaining that the total expenditures with advances amounted to 20 trillion and 144 billion and 515 One million and 86 thousand dinars.

 

According to the finance table, oil revenues amounted to 28 trillion, 252 billion, 445 million, 810 thousand and 436 dinars, which constitute 96% of the general budget, while non-oil revenues amounted to 1 trillion, 150 billion, 448 million, 652 thousand and 381 dinars.

 

The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed in March 2021, in an interview with Shafaq News agency, that the reasons for the economy to remain a rentier go back to wars and the imposition of siege during the past era, and what we are witnessing today of political conflicts, which led to the dispersion of economic resources.

 

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