The general budget enters the "appeals" department

[yota691]

Parliament approves the tripartite budget

---

04:38  2023-06-12  13  Economy 0

 

The House of Representatives votes on the draft federal budget law for the Republic of Iraq for the fiscal years (2023, 2024, 2025).

House of Representatives - Media Department

[RJG]

The Iraqi parliament approved a three-year budget

22 minutes ago

Hastyar Qadir

 

IRAQ

Rudaw

 

Rudaw Digital 

 

After five days of continuous debate, Iraqi lawmakers voted on all articles of the budget bill and will be sent to the Iraqi president. 

 

Updated...

https://www.rudaw.net/sorani/middleeast/iraq/120620231

[yota691]

After days of deliberations, Parliament drops the MPs' amendments to Article 15 and approves the government text, amid a quarrel

2023-06-11 21:09

Shafaq News/ The House of Representatives voted at dawn on Monday on Article 15 of the Budget Law in its last paragraphs.

 

After several deliberations and submission of several amendments, the deputies voted to adopt the government proposal 

After that, a quarrel took place between independent deputies and the Progress Bloc because of the controversial provisions of the law.

 

He also voted on a new article stipulating the allocation of 50 billion to the Iraqi Airways Company for aircraft maintenance, in addition to voting on a new article that stipulates an increase in the salaries of the Awakening Councils from 250 thousand to 500 thousand from the budget of the Ministries of Defense and Interior, not borne by the state treasury, and another with the differences of the popular crowd.

 

Parliament also voted on a new article stipulating the conversion of pending contracts in the Electoral Commission into operational contracts

[yota691]

Officially... the House of Representatives approves the federal budget law for three years

---

04:41  2023-06-12  19  local 0

 

The Iraqi parliament voted, at dawn today, Monday, on the federal budget law for the years 2023, 2024, and 2025, after discussions that lasted for five days.

And the value of the budget for the current year is 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion dinars (48.3 billion dollars), while the items of the budgets for the years 2023 and 2024 have not been published.

[RJG]

 

[RJG]

 

[yota691]

Parliament votes on the draft budget law for three years

Economy

2023-06-11 | 21:22

 

Source:

Alsumaria News

 

1,071 views

The House of Representatives voted, at dawn on Monday, on the draft budget bill for three years.

Alsumaria correspondent said that the House of Representatives voted on the draft budget law for the years (2023, 2024, 2025).

 

Earlier on Sunday, the House of Representatives held its session to complete the vote on the articles of the federal general budget, headed by Muhammad al-Halbousi, and in the presence of 229 deputies.

[DWS112]

Parliament approves the tripartite budget

06/12/2023 04:38:35 am

 

{Politics: Al Furat News} The House of Representatives held its regular session to complete the vote on the draft financial budget law.

The session, which was held under the chairmanship of Council Speaker Muhammad al-Halbousi, was attended by 229 deputies.

The Council finished its report and discussion of the proposed law for the second amendment to the law of replacing members of the House of Representatives.

And the House of Representatives reviewed Article 43 of the budget for the purpose of reformulating it.

The House of Representatives resumed voting on the remaining articles of the budget bill after a short break for deliberation.

It voted on Articles 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66 and 67.

Article 68 states: This law shall be published in the Official Gazette and implemented as of January 1, 2023.

Parliament also voted to add a new article to the budget, which reads: “No text, law, or decision that contradicts this law works.

The House of Representatives voted on a new article {the overall budget of the House of Representatives}

And the House of Representatives voted on a new article of the draft budget law {the budget of the judiciary}.

And the House of Representatives voted on a new article from the draft budget law (regarding the transfer of financial allocations necessary to create job grades for the remaining examiners at the expense of the Ministry of Defense, provided that their number does not exceed 1200).

And the House of Representatives voted on a new article from the draft budget law, which states: (The Minister of Finance should create job grades, numbering 2,000 in Diyala Governorate, for the purpose of confirming contracts of good tidings in Diyala, 3000 degrees for omens of peace in Maysan, 924 attributions of Umm al-Raba’in, 703 lecturers 2020 in Baghdad, and 400 contracts. Agriculture and adding the necessary financial allocations, and the Financial Supervision Bureau should check these grades).

And the House of Representatives voted on Article 43 of the draft budget law after it was reformulated.

The House of Representatives voted to delete Article 42 of the draft budget law related to revenues from sales of gasoline, kerosene, black oil and imported fuel.

The House of Representatives voted on Article 17 of the draft budget law.

The House of Representatives voted on Article 16 of the draft budget law for extinguishing advances.

And the House of Representatives voted on part of Article 15 of the draft budget law, which includes the appointment of those covered by the law of medical and health progression, and paragraphs related to the first and certificate holders, contracts and procedures, the creation of degrees, contracting, the politically dismissed, the Foreign Service Institute, and other paragraphs that serve the segments of society.

The House of Representatives voted to amend the text of Article 2 (First: Paragraph Fourth A) of the draft budget law.

The House of Representatives voted to amend the text of Article 2 (Paragraph 8c Fifth and Sixth deleting the article)

The House of Representatives voted to amend the text of Article 57 of the draft budget law (pertaining to establishing projects after obtaining the approval of the Ministry of Environment and Agriculture).

And the House of Representatives voted at dawn today, Monday, on Article 15 of the draft budget law.

A member of the Parliamentary Finance Committee, Mustafa Sanad, said: Article 15 of the budget law fell, and the proposals fell, and the text of the original governmental article remained, which prohibits appointment and voting on an article for contracts of 150,000 bachelor’s and diploma graduates, distributed to all governorates, with a salary of 300,000 dinars only, and voting on new lecturer contracts for a number of governorates. Which suffers from a severe shortage of staff

Al-Furat News correspondent said: Parliament voted on the government text of Article 15, not the parliamentary amendments and additions to the draft financial budget law.

The House of Representatives voted on a new article stipulating the allocation of 50 billion dinars to the Iraqi Airways Company for aircraft maintenance

The House of Representatives voted on a new article stipulating an increase in the salaries of the Awakening Council from 250,000 to 500,000 from the budget of the Ministries of Defense and Interior, not to be borne by the state treasury.

The House of Representatives voted on a new article related to the differences of the popular crowd

The House of Representatives voted on a new article stipulating the conversion of pending contracts in the Electoral Commission into operational contracts

The House of Representatives voted on a new article stipulating the allocation of 150 billion dinars for the implementation of Iraqi-Egyptian projects

And the House of Representatives voted on the draft federal budget law for the Republic of Iraq for the fiscal years (2023, 2024, 2025). 

Edited June 12, 2023 by DWS112

[NoviceInvestor]

Thank you @yota691and God Bless you.

[southbeach]

Praise Jesus here

[Hotcurl]

25 minutes ago, yota691 said:

The House of Representatives votes on the tripartite budget law, worth more than $150 billion

 

2023-06-11 21:35

 

Shafaq News/ The Iraqi parliament voted, early on Monday, on the federal budget law for the years 2023, 2024, 2025, after discussions that lasted for five days.

 

The value of the current year’s budget is 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion dinars (48.3 billion dollars), while the items of the 2023 and 2024 budgets have not been published.

 So it's all done (the 2023,24,25 budget) and approved, ready to print to make it official  ? 

 

just askin' .......................

[RJG]

3 minutes ago, Hotcurl said:

 So it's all done (the 2023,24,25 budget) and approved, ready to print to make it official  ? 

 

just askin' .......................

no, it will be sent to the Iraqi President to sign now.  He is in Italy for a few days.

Edited June 12, 2023 by RJG

[Wheelman]

What timing, and Iraq new banking year starts July 1, 2023, and they told us the HCL would be implemented in July!

[DoD]

22 minutes ago, yota691 said:

Parliament votes on the draft budget law for three years

Economy

2023-06-11 | 21:22

 

Source:

Alsumaria News

 

1,071 views

The House of Representatives voted, at dawn on Monday, on the draft budget bill for three years.

Alsumaria correspondent said that the House of Representatives voted on the draft budget law for the years (2023, 2024, 2025).

 

Earlier on Sunday, the House of Representatives held its session to complete the vote on the articles of the federal general budget, headed by Muhammad al-Halbousi, and in the presence of 229 deputies.

Thanks yota for the many years of the posting of these budgets, hoping this will be the last one….

[BETTYBOOP]

FINALLY!! now for the HCL @ somepoint.. 

[yota691]

22 minutes ago, DoD said:

hoping this will be the last one….

Thanks hopefully it won't take 3 years for Iraq to get to the next stage...😂😂😂

[yota691]

Iraq approves record $153 bln budget including big public hiring

By Ahmed Rasheed and Timour Azhari

June 11, 202310:14 PM EDT Updated 30 min ago

[1/3] Iraqi lawmakers attend a parliamentary session to vote on the federal budget at the parliament headquarters in Baghdad, Iraq, June 11, 2023. Iraqi Parliament Media Office/Handout via REUTERS

BAGHDAD, June 12 (Reuters) - Iraq's parliament on Monday approved a 2023 budget of 198.9 trillion dinars ($153 billion) that sets out record spending on a growing public wage bill and development projects to improve services and rebuild infrastructure ruined by neglect and war.

The budget deficit is estimated at a record 64.36 trillion Iraq dinars, more than double the last budget deficit in 2021, according to a budget document and lawmakers.

The budget is based on an oil price of $70 per barrel and projects oil exports at 3.5 million barrels per day (bpd), including 400,000 bpd from the semi-autonomous Kurdistan region, lawmakers said.

The budget sets the exchange rate for oil revenues in U.S. dollars at 1,300 dinars per dollar. It will remain valid through 2025, though it is subject to amendment, including to the oil price it uses given its near-total dependence on oil revenue.

The budget adds more than half a million new public sector workers, hiring that flies in the face of the recommendations of many observers who say Iraq should tighten fiscal policy.

Mohammed Nouri, a member of the parliament's finance committee, told Reuters ahead of the session more than a million new workers were added, including contractors, daily employees and full-time staff.

Ahmed Tabaqchali, a visiting fellow at the London School of Economics Middle East Center, put the figure of new employees at about 600,000, which he said would raise the total cost of public wages and pensions to more than $58 billion (76 trln dinars).

"The more you increase this kind of spending, the more you increase your vulnerability. The oil price has to go higher and higher just to sustain spending which is crippling and will lead to more and more borrowing," he said.

The International Monetary Fund in a May 31 note said the increasing public wage bill would contribute to mounting deficits and financial pressure, barring a big increase in oil prices.

To break even, Iraq required an oil price of $96 bpd, it said, while the price averaged $71.3 bpd in May.

"A significantly tighter fiscal policy is needed to strengthen resilience and reduce the government's dependence on oil revenues while safeguarding critical social spending needs," the IMF said.

Iraq's budgets are supposed to be adopted before the beginning of the year they cover but are frequently delayed or not passed at all due to instability and political disputes.

The country has one of the fastest-growing populations in the world, projected to double from 43 million to about 80 million by 2050, while most of the economy is state-led, with high unemployment and frequent protests over various discontent.

The budget takes steps to address long-standing issues between Iraq and the semi-autonomous Kurdistan region, with its oil revenues set to be deposited in an account overseen by the Iraqi central bank.

Baghdad previously had no say over Kurdistan's expenditure of oil revenues, with Kurdistan unilaterally exporting crude via Turkey despite Baghdad's objections.

But Kurdish officials were forced to negotiate with Baghdad after Turkey halted crude exports in April when an international arbitration ruling deemed them unlawful.

Under an agreement signed between Baghdad and Erbil in April, Iraq's state-run marketing company SOMO will have the authority to market and export crude oil produced from fields controlled by the Kurdish region.

The flows have not resumed despite Baghdad asking Ankara to do so on May 11.

(The budget is set on $1 = 1,300 Iraqi dinars)

[yota691]

The Iraqi parliament approves a record budget for 2023 of $153 billion

 

Source:

• Reuters

the date: June 12, 2023

 

Iraq's parliament on Monday approved the 198.9 trillion dinars ($153 billion) budget for 2023, which includes record spending on a growing government wage bill and development projects aimed at improving services and rebuilding infrastructure ravaged by neglect and war.
According to lawmakers and the budget document, the budget deficit is estimated at 64.36 trillion Iraqi dinars, which is a record high level and more than double the last budget deficit recorded in 2021.

[cranman]

The HCL is passed, correct?

Just needs to be implemented?

[6ly410]

 

[horsesoldier]

    

[DWS112]

 

The moment of voting on the draft general budget law for the years (2023, 2024, 2025)

Edited June 12, 2023 by DWS112

[Dinarrock]

1 hour ago, Wheelman said:

What timing, and Iraq new banking year starts July 1, 2023, and they told us the HCL would be implemented in July!

One can only hope Wheelman!, What are your personal thoughts on an RV right after the HCL being implemented??

[dindu12]

(The budget is set on $1 = 1,300 Iraqi dinars)

[ametad]

3 hours ago, cranman said:

The HCL is passed, correct?

Just needs to be implemented?

No, the Draft Budget Law has been passed. The Budget Law will set the framework for the Draft Oil and Gas Law (HCL), which will then go through this same process.