[You must be registered and logged in to see this image.]
The government agrees with 22 international and local institutions to fill the budget deficit
Baghdad / Mohammed Sabah
[You must be registered and logged in to see this link.]
The government agrees with 22 international and local institutions to fill the budget deficit
Baghdad / Mohammed Sabah
The government has taken new austerity measures, including strict taxes on goods sold in malls, malls and men's and women's barbershops in the 2018 budget of up to 10 percent, and has committed to buying Cashier to verify its sales.
As a result of the difficult financial conditions that the government resorted to the agreement with 22 international and local institutions to borrow them to fill the federal budget deficit of 22 trillion dinars, while waiting for benefits estimated at 8 trillion payable.
Meanwhile, the past few hours witnessed a great convergence between the Sunni and Shiite forces to pass the federal budget bill in isolation from the Kurdish forces that still hold the option of boycotting the meetings to break the quorum.
According to informed parliamentary sources talked to (the extent) that "there is a big division within the Sunni forces between those who strongly advocate the passage of the budget law with the Shiite forces and those who stand with the Kurdish blocs," pointing out that "options are still open and not yet resolved."
The sources, who refused to reveal their identity, said that "the vote on the federal budget law will be during the next week in order to give parliamentary powers more time to agree on all paragraphs and points of contention."
The House of Representatives decided last week to continue discussing the draft federal budget law in the coming sessions after hearing the report submitted by the parliamentary finance committee, including all the proposals submitted by the blocs objecting to pass the budget.
The discussions with representatives of the Kurdistan region led to the adoption of part of their demands and included in the draft budget law, while some of its demands were not added.
The government sent an amended version of the draft federal budget bill for 2018 to the House of Representatives on the eighth of this month included the demands of the political blocs, which stipulated to include in the law in exchange for voting on it.
The negotiating rounds conducted by Prime Minister Haider Abadi with the parliamentary blocs last week to include their observations in the legislation.
These parliamentary forces, which have agreed with Abadi recently, require writing a signed agreement between them in which the prime minister will not contest the articles that have been agreed to be added to the federal court in return for voting on the general budget law.
Majida al-Tamimi, a member of the parliamentary finance committee, said in an interview with Al-Mada about the amendments included in the government's amended version of the Federal Budget Law 2018. "There was an increase in public revenues amounting to 91.6 trillion dinars after it was fixed in the first draft, B (90.4) trillion dinars, "noting that" the difference came from non-oil revenues. "
It added that "the amendments raised the volume of public spending, which has become (104.1) trillion dinars after it was (103) trillion," stressing that "the new changes also included an increase in investment expenditures."
The government sent the federal budget bill for 2018 to parliament at the end of last November, in conjunction with the entry of the House of Representatives on the holiday of the third legislative term, which led to the postponement of discussion for a whole month.
The head of the House of Representatives Salim al-Jubouri had referred, earlier last month, the budget law to the Finance Committee of the parliamentary to prepare a final version and collect all the observations and objections that belong to the blocks and integration in the project.
The parliamentary blocs gathered their comments on the draft law. The remarks exceeded 35 observations that the government is required to include in the draft for discussion in the House of Representatives. The observations are focused on petrodollar allocations, reconstruction allocations in the liberated areas, and the budget of the Kurdistan region.
The problem was compounded by the Government's refusal to take all the observations. The government, in its new amendments, imposed a tax of up to 10% on goods sold in malls, shopping malls and services provided in men's and women's barbershops and all hotels, and obliged them to purchase a cashier to fix Sales in it.
The Speaker of the House of Representatives Salim al-Jubouri, the parliamentary finance committee, yesterday, to ensure that the need to withhold the salaries of employees and cancel the budget of 2018.
The House of Representatives voted in the budget of 2016 on the deduction of 3.8% of the salaries of employees in support of the Popular Struggle and the displaced and the battles of the liberation of Mosul.
These amendments by the government on the draft federal budget law reduced the deficit in the budget of 2018, which was 13 trillion dinars.
"The deficit is reduced to 12.5 trillion after the increase in public revenues which came after the addition of 10% as a tax on goods sold in malls and shopping malls," said the deputy of the Liberal bloc, pointing out that "the loans installed in this year's budget will be from 22 local and external bodies "He said.
The balance of the Ministry of Finance amounted to (742) billion dinars with the balances of the accounts of some ministries, estimated at (250) billion dinars with the amounts of external loans come to fill the budget deficit, "revealing that" the benefits of cumulative premiums for past years payable in the year Current up to 8.2 ".
The budget of 2018 faces a similar fate to the budget of 2014, as it threatens objections by various parliamentary parties to be a fiscal year without a budget. "
The House of Representatives is afraid to add materials to the draft budget and repeat the scenario followed by the government in the budget in 2017, as challenged the government of Haider Abadi before the court Federal in all movements conducted by the House of Representatives on the budget of 2017, which was estimated at 280 billion dinars.
In turn, explains the MP from the Union of Iraqi Forces Badr al-Fahl that "including all the demands of Sunni forces in the budget law prompts us to proceed with the vote with the National Alliance," noting that "the time has not yet been fully resolved by the parliamentary powers."
"The Union of Iraqi forces agreed at the last meeting on the need to pass the budget law during the coming sessions," acknowledging "the existence of great difficulties facing the process of approving the budget law in the shadow of the boycott of the Kurdish blocs."
Meanwhile, the past few hours witnessed a great convergence between the Sunni and Shiite forces to pass the federal budget bill in isolation from the Kurdish forces that still hold the option of boycotting the meetings to break the quorum.
According to informed parliamentary sources talked to (the extent) that "there is a big division within the Sunni forces between those who strongly advocate the passage of the budget law with the Shiite forces and those who stand with the Kurdish blocs," pointing out that "options are still open and not yet resolved."
The sources, who refused to reveal their identity, said that "the vote on the federal budget law will be during the next week in order to give parliamentary powers more time to agree on all paragraphs and points of contention."
The House of Representatives decided last week to continue discussing the draft federal budget law in the coming sessions after hearing the report submitted by the parliamentary finance committee, including all the proposals submitted by the blocs objecting to pass the budget.
The discussions with representatives of the Kurdistan region led to the adoption of part of their demands and included in the draft budget law, while some of its demands were not added.
The government sent an amended version of the draft federal budget bill for 2018 to the House of Representatives on the eighth of this month included the demands of the political blocs, which stipulated to include in the law in exchange for voting on it.
The negotiating rounds conducted by Prime Minister Haider Abadi with the parliamentary blocs last week to include their observations in the legislation.
These parliamentary forces, which have agreed with Abadi recently, require writing a signed agreement between them in which the prime minister will not contest the articles that have been agreed to be added to the federal court in return for voting on the general budget law.
Majida al-Tamimi, a member of the parliamentary finance committee, said in an interview with Al-Mada about the amendments included in the government's amended version of the Federal Budget Law 2018. "There was an increase in public revenues amounting to 91.6 trillion dinars after it was fixed in the first draft, B (90.4) trillion dinars, "noting that" the difference came from non-oil revenues. "
It added that "the amendments raised the volume of public spending, which has become (104.1) trillion dinars after it was (103) trillion," stressing that "the new changes also included an increase in investment expenditures."
The government sent the federal budget bill for 2018 to parliament at the end of last November, in conjunction with the entry of the House of Representatives on the holiday of the third legislative term, which led to the postponement of discussion for a whole month.
The head of the House of Representatives Salim al-Jubouri had referred, earlier last month, the budget law to the Finance Committee of the parliamentary to prepare a final version and collect all the observations and objections that belong to the blocks and integration in the project.
The parliamentary blocs gathered their comments on the draft law. The remarks exceeded 35 observations that the government is required to include in the draft for discussion in the House of Representatives. The observations are focused on petrodollar allocations, reconstruction allocations in the liberated areas, and the budget of the Kurdistan region.
The problem was compounded by the Government's refusal to take all the observations. The government, in its new amendments, imposed a tax of up to 10% on goods sold in malls, shopping malls and services provided in men's and women's barbershops and all hotels, and obliged them to purchase a cashier to fix Sales in it.
The Speaker of the House of Representatives Salim al-Jubouri, the parliamentary finance committee, yesterday, to ensure that the need to withhold the salaries of employees and cancel the budget of 2018.
The House of Representatives voted in the budget of 2016 on the deduction of 3.8% of the salaries of employees in support of the Popular Struggle and the displaced and the battles of the liberation of Mosul.
These amendments by the government on the draft federal budget law reduced the deficit in the budget of 2018, which was 13 trillion dinars.
"The deficit is reduced to 12.5 trillion after the increase in public revenues which came after the addition of 10% as a tax on goods sold in malls and shopping malls," said the deputy of the Liberal bloc, pointing out that "the loans installed in this year's budget will be from 22 local and external bodies "He said.
The balance of the Ministry of Finance amounted to (742) billion dinars with the balances of the accounts of some ministries, estimated at (250) billion dinars with the amounts of external loans come to fill the budget deficit, "revealing that" the benefits of cumulative premiums for past years payable in the year Current up to 8.2 ".
The budget of 2018 faces a similar fate to the budget of 2014, as it threatens objections by various parliamentary parties to be a fiscal year without a budget. "
The House of Representatives is afraid to add materials to the draft budget and repeat the scenario followed by the government in the budget in 2017, as challenged the government of Haider Abadi before the court Federal in all movements conducted by the House of Representatives on the budget of 2017, which was estimated at 280 billion dinars.
In turn, explains the MP from the Union of Iraqi Forces Badr al-Fahl that "including all the demands of Sunni forces in the budget law prompts us to proceed with the vote with the National Alliance," noting that "the time has not yet been fully resolved by the parliamentary powers."
"The Union of Iraqi forces agreed at the last meeting on the need to pass the budget law during the coming sessions," acknowledging "the existence of great difficulties facing the process of approving the budget law in the shadow of the boycott of the Kurdish blocs."
[You must be registered and logged in to see this link.]
Today at 9:38 am by Rocky
» A leader in the National Bank: We are committed to the federal decision and to postpone the election
Today at 9:28 am by Rocky
» Al-Hakim: Iraq's future cannot be mortgaged to volatile oil prices
Today at 9:24 am by Rocky
» The conflict of the corridors: the path to development from a historical perspective and the door to
Today at 9:22 am by Rocky
» The Kurdistan Region demands that the federal government spend 1.1 billion dinars.. What is the reas
Today at 9:21 am by Rocky
» Tomorrow, Iraq is preparing to launch a complementary round of gas licensing
Today at 9:19 am by Rocky
» A government move to restore the funds of the Trade Bank of Iraq
Today at 9:17 am by Rocky
» The Central Bank informs France of plans to restructure the banking sector
Today at 9:15 am by Rocky
» A government advisor reveals the fate of the budget tables
Today at 9:13 am by Rocky
» Iranian mediation between Baghdad and Erbil... Revealing the most prominent files of Raisi’s visit t
Today at 9:10 am by Rocky
» Reconstruction and development is a priority.. A parliamentary committee follows up and monitors gov
Today at 9:08 am by Rocky
» Al-Hakim comments on the agreements concluded with Türkiye and confirms: Iraq is on the right path
Today at 9:06 am by Rocky
» Tomorrow... Iraq takes a step that will give it gas equivalent to 200% of imported Iranian gas
Today at 9:04 am by Rocky
» A long and disturbing message.. The Iraqi government “blames” the United Nations because of “other p
Today at 9:00 am by Rocky
» The Governor of the Central Bank and the French Ambassador discuss developments in the banking secto
Today at 5:18 am by Rocky
» Al-Bajari: Iraqi companies will have a great opportunity to work after opening the door to investmen
Today at 5:16 am by Rocky
» Transparency: Imports from Sulaymaniyah and Halabja during the past week amounted to more than 10 bi
Today at 5:13 am by Rocky
» Al-Sudani: The delayed projects left great damage to the level of services in Babylon
Today at 5:12 am by Rocky
» Economist: The fluctuation of the dollar is “the balance of speculators”
Today at 5:10 am by Rocky
» {Al-Furat News} publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq
Today at 5:08 am by Rocky
» A former MP accuses Türkiye of transferring its conflict with the workers to Iraq
Today at 5:05 am by Rocky
» A call to the Sudanese to remove American forces from Iraq
Today at 5:03 am by Rocky
» Oil Parliament: Ankara holds Erbil responsible for the oil fines it owes
Today at 5:02 am by Rocky
» The government is silent...the reality of removing American forces from Iraq
Today at 5:01 am by Rocky
» The radiation protection law in the first session of the next legislative term
Today at 5:00 am by Rocky
» A Spanish company raises controversy and a representative reveals a parliamentary movement against i
Today at 4:59 am by Rocky
» Sudanese officially requests the end of the United Nations mission in Iraq / documents
Today at 4:58 am by Rocky
» Because its sessions were not held, the Kirkuk Council faces a judicial complaint, and its members d
Today at 4:56 am by Rocky
» Former US Chief of Staff: We slaughtered huge numbers of innocent people in Iraq and other countries
Today at 4:55 am by Rocky
» The Association of Private Banks counts the percentage of shares traded on the stock market during a
Today at 4:53 am by Rocky
» The European Union and Iraq agree to increase cooperation between them
Today at 4:52 am by Rocky
» American Bank: Expectations to increase Iraq’s oil capacity in 2025
Today at 4:50 am by Rocky
» Central Bank Governor to the French Ambassador: The plan to restructure government banks will change
Today at 4:48 am by Rocky
» Integrity confirms working to conclude a memorandum of understanding with the Kuwaiti Anti-Corruptio
Today at 4:47 am by Rocky
» Highlights of the Prime Minister's visit to Babylon
Today at 4:46 am by Rocky
» The Minister of Transport discusses with a Turkish delegation the latest developments in the develop
Today at 4:44 am by Rocky
» Free of charge.. Issuing approximately 13 thousand unified cards for those covered by social protect
Today at 4:42 am by Rocky
» A parliamentary committee advises the government to deter trespassers: Slums are one of the reasons
Today at 4:41 am by Rocky
» Embassy Protection confirms to “Baghdad Today”: The missions are safe and we have taken proactive me
Today at 4:38 am by Rocky
» Water resources resolve the controversy of the “Wadi Al-Tea” project.. It will nourish the Hamrin ic
Today at 4:37 am by Rocky
» After approving the National Security Strategy...a parliamentary movement to host “responsible” figu
Today at 4:36 am by Rocky
» Al-Hakim calls for the distribution of plots of land to the families of the martyrs of the Popular M
Today at 4:34 am by Rocky
» Order 160 Committee completes the “port scandals” papers... and searches for a legal outlet for impl
Today at 4:33 am by Rocky
» It revealed the details of its contract with four companies to complete the census requirements... P
Today at 4:31 am by Rocky
» Egypt, Morocco and Qatar praise the Iraqi Integrity proposal to establish the Arab Law Enforcement C
Today at 4:30 am by Rocky
» The Iraqi Parliament enters its legislative recess and requires holding an “extraordinary” session o
Today at 4:28 am by Rocky
» The Sudanese has not rested since the morning.. He carried out 12 activities and allocated a trillio
Today at 4:27 am by Rocky
» Blinken's agent: Erbil is a strategic ally of Washington in a 360-degree relationship
Today at 4:25 am by Rocky
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
Today at 4:24 am by Rocky
» A leader in the framework: There is no need for early elections...the “legislative” elections will t
Today at 4:23 am by Rocky
» Parliament decides to extend its legislative term by 30 days
Today at 4:22 am by Rocky
» Iraq has the tenth worst economic growth in the world during the last 5 years
Today at 4:19 am by Rocky
» Al-Hakim: The future cannot be mortgaged to volatile oil prices
Today at 4:17 am by Rocky
» It will change the reality of Iraqi banks.. Al-Alaq reveals a plan that enjoys Sudanese support
Today at 4:15 am by Rocky
» MM&C 5/9/24 The Federation of Chambers of Commerce and the European Union discuss cooperation to fin
Yesterday at 9:27 am by Rocky
» MM&C 5/9/24 Customs, security and economic aspects
Yesterday at 9:24 am by Rocky
» Union of Arab Banks: Iraq's environment encourages investment
Yesterday at 6:57 am by Rocky
» Government advisor: Movement to recover bad debts for the benefit of the Iraqi Trade Bank
Yesterday at 6:55 am by Rocky
» The International Development Bank announces the opening of its new branch in Erbil
Yesterday at 6:52 am by Rocky
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
Yesterday at 6:50 am by Rocky
» Budget delay: the cry for help for paralyzed services and disrupted dreams
Yesterday at 6:47 am by Rocky
» Oil: Completion of projects to improve the quality of petroleum products, and others are under imple
Yesterday at 6:44 am by Rocky
» Chairman of the Securities Commission: 3 million shares, average daily trading volume
Yesterday at 6:43 am by Rocky
» Tamim calls on the countries participating in the meetings of the Arab Administrative Development Or
Yesterday at 6:41 am by Rocky
» Parliamentary Endowments: 39 thousand pilgrims, Iraq’s share, and waiving the religious obligation i
Yesterday at 6:39 am by Rocky
» Washington refers to Iraqi legislation that “does not harm” his international presence, and Baghdad
Yesterday at 6:34 am by Rocky
» Deputy: Extending the legislative term depends on sending the budget schedules
Yesterday at 6:30 am by Rocky
» Parliamentary Legal: 88 draft laws on the parliamentary shelf
Yesterday at 6:29 am by Rocky
» The head of the movement denies any Iraqi-American negotiations to remove the coalition
Yesterday at 5:23 am by Rocky
» A deputy expects to resolve the issue of electing the Speaker of Parliament next week
Yesterday at 5:22 am by Rocky
» Obtaining the approval of the Minister of Electricity to fill the energy shortage in Dhi Qar
Yesterday at 5:21 am by Rocky
» Economist on the decline in dollar prices: My time and it will not reach its official price
Yesterday at 5:20 am by Rocky
» The Iraqi Ministerial Council for National Security approves the 2024-2028 strategy
Yesterday at 5:18 am by Rocky
» Mulla Bakhtiar: Nechirvan Barzani's visit to Iran melted the ice between Erbil and Tehran
Yesterday at 5:17 am by Rocky
» Password "78"... Why did the Sudanese government's interrogations and noisy sessions decline?
Yesterday at 5:16 am by Rocky
» JP Morgan forecasts an increase in the oil capacity of Iraq and other countries in 2025
Yesterday at 5:15 am by Rocky
» Turkish Minister of Transport: The development road will cost $20 billion
Yesterday at 5:13 am by Rocky
» The Supreme Committee for Reconstruction and Investment approves a package of strategic projects
Yesterday at 5:12 am by Rocky
» Work: Preparing a unified national strategy to create job opportunities for youth
Yesterday at 5:11 am by Rocky
» The Prime Minister's financial advisor reduces the risks of the budget deficit
Yesterday at 5:10 am by Rocky
» Sudanese announces the signing of an agreement with Japan to finance small and medium enterprises in
Yesterday at 5:09 am by Rocky
» Government Advisor: The Securities Commission represents the governance base for promoting financial
Yesterday at 5:08 am by Rocky
» A unified national strategy to create job opportunities for youth
Yesterday at 5:07 am by Rocky
» A one-week deadline to decide the position of Speaker of Parliament
Yesterday at 5:06 am by Rocky
» Parliament: We coordinate with the competent regulatory authorities to examine medicines
Yesterday at 5:04 am by Rocky
» The Commission suspends the Kurdistan Parliament's voting procedures
Yesterday at 5:03 am by Rocky
» $100 million to localize the pharmaceutical industry
Yesterday at 5:01 am by Rocky
» Increase in external remittances at the Central Bank
Yesterday at 5:00 am by Rocky
» A government advisor reduces the risks of a budget deficit
Yesterday at 4:54 am by Rocky
» Culture: We seek to invest in the stability of the country to advance the tourism sector
Yesterday at 4:53 am by Rocky
» Integrity announces the results of a questionnaire on bribery in real estate registration department
Yesterday at 4:50 am by Rocky
» Parliament comments on Sudanese plan to restructure the government apparatus: It needs radical refor
Yesterday at 4:49 am by Rocky
» The dollar rises again against the Iraqi dinar in Baghdad
Yesterday at 4:45 am by Rocky
» Politician: The government does not deal transparently with the issue of expelling the Americans
Yesterday at 4:43 am by Rocky
» A government bank participating in an accounting project
Yesterday at 4:42 am by Rocky
» Masrour Barzani: The Kurdistan Regional Government has implemented all its obligations and duties
Yesterday at 4:41 am by Rocky
» French Consul: France strengthens relations with the Kurdistan Region
Yesterday at 4:39 am by Rocky
» Studies Center: Sudanese faces the challenges of maintaining sustainable relations with the United S
Yesterday at 4:38 am by Rocky
» “The absence of democracy is not possible.” The federal government remains silent on the postponemen
Yesterday at 4:37 am by Rocky