[size=35][size=35]Parliamentary calls to reconsider the budget due to high oil prices[/size]
[You must be registered and logged in to see this link.]
2021-05-30 | 04:44
[You must be registered and logged in to see this image.]
[/size]
2,091 Views
Report: Alsumaria News: The
Representative of the coalition of Iraqis, Ali Al-Badiri, called on the government to send the draft supplementary budget law to the House of Representatives in a quick time for several reasons.
Al-Badiri said in an interview with Al-Sumaria News, "There are many reasons that require the government to speed up sending a supplementary budget to the House of Representatives in order to benefit from it in many matters in the current stage," indicating that "the first thing is related to the difference between the price of a barrel of oil estimated in the budget and the price." Actual now, where it is possible to benefit from these differences in paying off many foreign debts, including the Iranian gas debt, to supply power stations, which contributes to providing a quick solution to an important problem with the advent of the summer, which is the electricity crisis.
Al-Badiri added, "The second benefit is to increase the central bank’s reserves, which have decreased greatly as a result of the irregular withdrawals that occurred in previous periods, in addition to the possibility of reducing the dollar exchange rate against the dinar to a reasonable amount, for example, to be 135 thousand dinars per 100 dollars. He pointed out that "the other benefit, given that the elections in the month of October, which means the impossibility of legislating a budget for the next year, therefore, the legislation of a supplementary budget will have a great benefit to ensure that there is no confusion in covering operational expenditures for the next year until the formation of the next government and parliament."
Representative of the National Approach bloc, Hussein Al-Oqabi, stressed the importance of taking advantage of the price difference for a barrel of oil to cover the amounts allocated from foreign loans to cover projects in the country from those loans, in addition to completing many stalled and lagging projects in the health, educational and service sectors.
Al-Aqabi said in an interview with Alsumaria News, "The difference between the price of a barrel of oil estimated in the budget and the actual price includes an appropriate margin in order to bridge the deficit between financing and actual expenditures. Therefore, we count on it a lot on the difference that we consider good to cover the budget deficit and the deficit of basic expenditures," indicating "The essential point that we are pressing for and watching well is that the price difference is in which the projects that were unfortunately covered by foreign loans are covered, which is not sound and we objected to them. Therefore, we seek to cancel these loans and finance these projects from this price difference."
Al-Oqabi added, "The average difference, which amounts to approximately $ 15 per barrel, is suitable funds to cover the sums that have been put in place for foreign loans and cover the deficit," stressing that "those sums can also be used in completing stalled and lagging projects, some of which are outside." The budget framework, including those that reached a very high rate of achievement in important sectors such as health, education and municipal services.
Member of Parliament for the Al-Fateh Alliance, Uday Shaalan Abu El-Jon, confirmed that the rise in global oil prices, economic improvement and market recovery in all countries of the world make us face a national responsibility to reconsider the figures that were included in the budget in some sectors by sending the government to a supplementary budget according to the new data of prices Oil.
Abu El-Joun said in an interview with Alsumaria News, "The budget legislated by the House of Representatives and despite the many discussions and amendments it contained, it did not meet the people's aspirations due to many reasons, including the drop in global oil prices, the economic crisis and the Corona pandemic," indicating that "the current conditions In all fields, it has become more flexible, especially after the rise in global oil prices to more than $ 65 a barrel, in a clear difference from the estimated price of the budget at $ 45 a barrel.
Abu El-Jon added, "The global economic and commercial market began to recover after the reopening of factories, companies and international movement, and the reduction of restrictions and global closures that it experienced as a result of the Corona pandemic. Therefore, all of these data make us obligated to review the budget and make adjustments to it through a supplementary budget that reduces The state of restriction on the status of ordinary citizens, whether through reducing the dollar exchange rate or reducing taxes and restrictions, increasing allocations for the ration card and social welfare, canceling foreign loans and allocating funds for some important vital projects that have stopped due to the lack of allocations.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
Economie
[You must be registered and logged in to see this link.]2021-05-30 | 04:44
[You must be registered and logged in to see this image.]
[/size]
2,091 Views
Report: Alsumaria News: The
rise in global oil prices to more than 67 dollars per barrel, and the news that the global economic recovery is returning, has led to a rise in the voices calling for a review of the current budget and its formulation in a manner that is compatible with the current situation and in the public interest of Iraq and the Iraqi people. At a time when a parliamentarian called on the government to send a supplementary budget to the House of Representatives in a quick time, another stressed the importance of taking advantage of the price difference for a barrel of oil to dispense with foreign loans that were allocated within the budget to finance projects in the country.
Representative of the coalition of Iraqis, Ali Al-Badiri, called on the government to send the draft supplementary budget law to the House of Representatives in a quick time for several reasons.
Al-Badiri said in an interview with Al-Sumaria News, "There are many reasons that require the government to speed up sending a supplementary budget to the House of Representatives in order to benefit from it in many matters in the current stage," indicating that "the first thing is related to the difference between the price of a barrel of oil estimated in the budget and the price." Actual now, where it is possible to benefit from these differences in paying off many foreign debts, including the Iranian gas debt, to supply power stations, which contributes to providing a quick solution to an important problem with the advent of the summer, which is the electricity crisis.
Al-Badiri added, "The second benefit is to increase the central bank’s reserves, which have decreased greatly as a result of the irregular withdrawals that occurred in previous periods, in addition to the possibility of reducing the dollar exchange rate against the dinar to a reasonable amount, for example, to be 135 thousand dinars per 100 dollars. He pointed out that "the other benefit, given that the elections in the month of October, which means the impossibility of legislating a budget for the next year, therefore, the legislation of a supplementary budget will have a great benefit to ensure that there is no confusion in covering operational expenditures for the next year until the formation of the next government and parliament."
Representative of the National Approach bloc, Hussein Al-Oqabi, stressed the importance of taking advantage of the price difference for a barrel of oil to cover the amounts allocated from foreign loans to cover projects in the country from those loans, in addition to completing many stalled and lagging projects in the health, educational and service sectors.
Al-Aqabi said in an interview with Alsumaria News, "The difference between the price of a barrel of oil estimated in the budget and the actual price includes an appropriate margin in order to bridge the deficit between financing and actual expenditures. Therefore, we count on it a lot on the difference that we consider good to cover the budget deficit and the deficit of basic expenditures," indicating "The essential point that we are pressing for and watching well is that the price difference is in which the projects that were unfortunately covered by foreign loans are covered, which is not sound and we objected to them. Therefore, we seek to cancel these loans and finance these projects from this price difference."
Al-Oqabi added, "The average difference, which amounts to approximately $ 15 per barrel, is suitable funds to cover the sums that have been put in place for foreign loans and cover the deficit," stressing that "those sums can also be used in completing stalled and lagging projects, some of which are outside." The budget framework, including those that reached a very high rate of achievement in important sectors such as health, education and municipal services.
Member of Parliament for the Al-Fateh Alliance, Uday Shaalan Abu El-Jon, confirmed that the rise in global oil prices, economic improvement and market recovery in all countries of the world make us face a national responsibility to reconsider the figures that were included in the budget in some sectors by sending the government to a supplementary budget according to the new data of prices Oil.
Abu El-Joun said in an interview with Alsumaria News, "The budget legislated by the House of Representatives and despite the many discussions and amendments it contained, it did not meet the people's aspirations due to many reasons, including the drop in global oil prices, the economic crisis and the Corona pandemic," indicating that "the current conditions In all fields, it has become more flexible, especially after the rise in global oil prices to more than $ 65 a barrel, in a clear difference from the estimated price of the budget at $ 45 a barrel.
Abu El-Jon added, "The global economic and commercial market began to recover after the reopening of factories, companies and international movement, and the reduction of restrictions and global closures that it experienced as a result of the Corona pandemic. Therefore, all of these data make us obligated to review the budget and make adjustments to it through a supplementary budget that reduces The state of restriction on the status of ordinary citizens, whether through reducing the dollar exchange rate or reducing taxes and restrictions, increasing allocations for the ration card and social welfare, canceling foreign loans and allocating funds for some important vital projects that have stopped due to the lack of allocations.
[You must be registered and logged in to see this link.]
Today at 8:27 am by Rocky
» utube 5/19/24 BRICS to Open a Central Bank Iraqs Relationship to BRICS Exchange Rate Up
Today at 7:30 am by Rocky
» utube 5/18/24 MM&C Iraq Dinar - Iraq Central Bank - IMF - UNAMI - World Bank - Key Votes Tabled -
Today at 7:15 am by Rocky
» Floating the Iraqi dinar A solution to fill the "gap" of its turbulent price against the dollar
Today at 7:08 am by wciappetta
» Kanna: The Constitutional Amendments Committee was completely marginalized for two reasons
Today at 7:06 am by Rocky
» The repercussions of the Ukrainian company continue.. Is Iraq facing a real economic disaster?
Today at 7:01 am by Rocky
» A government body sends an invitation to the Central Bank regarding the Hajj dollar
Today at 7:00 am by Rocky
» Pessimism surrounds the electricity situation during the summer: the suffering will be repeated and
Today at 6:58 am by Rocky
» Presidency of Parliament is Haqq Anbari.. Why does “Progress” stand against this entitlement? - Urge
Today at 6:55 am by Rocky
» Bloomberg: Iraq achieves sufficiency in diesel fuel and stops importing it
Today at 6:53 am by Rocky
» Hajj calls on the Central Bank to direct banks to open their doors to pilgrims to exchange dollars
Today at 6:50 am by Rocky
» In an extraordinary session...the Council of Ministers votes today on the budget schedules
Today at 6:49 am by Rocky
» Al-Khanjar: Parliament members presented a chaotic model that does not befit Iraq
Today at 6:47 am by Rocky
» The President of the Republic told NATO: The Iraqi army has the readiness to face security challenge
Today at 6:46 am by Rocky
» List of countries exporting most goods and services in the world.. What is Iraq’s rank?
Today at 6:44 am by Rocky
» The General Tax Authority initiates a package of reforms to achieve “two goals”
Today at 6:42 am by Rocky
» A Jordanian minister reveals "significant" coordination with Iraq and talks about smuggling operatio
Today at 6:41 am by Rocky
» The Sudanese confirms to his Kuwaiti counterpart the depth of the two countries’ relations and the s
Today at 6:38 am by Rocky
» With documents... Finance publishes controls that concern the segment of employees, including promot
Today at 6:35 am by Rocky
» A female representative explains the government’s ambition to reach the production of 8 million barr
Today at 5:31 am by Rocky
» Next month... a major conference to announce 8 cities as investment opportunities
Today at 5:30 am by Rocky
» The presence movement: Iran urged Barzani to participate in the region’s elections
Today at 5:28 am by Rocky
» In a strange incident, they disowned him because of Al-Halbousi’s anger at him
Today at 5:26 am by Rocky
» Race for the Presidency of Parliament.. The Sunni conflict is worsening
Today at 5:25 am by Rocky
» Responding to the challenge to the constitutionality of the seat distribution system in the provinci
Today at 5:25 am by Rocky
» Demanding an increase in the allocations for two ministries in the current year’s budget
Today at 5:24 am by Rocky
» Parliamentary Finance: Employee salaries amounted to 8 and a half trillion
Today at 5:23 am by Rocky
» In the amount of 10 million... an Iraqi government bank begins granting loans to married couples
Today at 5:20 am by Rocky
» Hajj and Umrah Authority: Iraqi banks refrain from receiving pilgrims
Today at 5:19 am by Rocky
» The Minister of Electricity calls for mobilizing energies in preparation for the upcoming summer sea
Today at 5:17 am by Rocky
» The United Nations Development Program approves the electronic payment services system in Iraq
Today at 5:16 am by Rocky
» Iraqi oil exports to America declined within a week
Today at 5:15 am by Rocky
» Parliamentary praise for the government’s plans to implement projects to solve the housing crisis
Today at 5:14 am by Rocky
» Has the government succeeded in controlling crowding by changing working hours?
Today at 5:12 am by Rocky
» “Ali is not compensated with money, but I demand my rights.” An Iraqi sues a British oil company for
Today at 5:11 am by Rocky
» Planning: The pilot census will start on the 26th of this month
Today at 5:09 am by Rocky
» A project to develop a climate investment plan in Iraq
Today at 5:07 am by Rocky
» Parliament awaits “budget schedules”
Today at 5:06 am by Rocky
» Parliament: Infrastructure is the most important challenge of the housing crisis
Today at 5:05 am by Rocky
» Announcing 8 cities as investment opportunities
Today at 5:04 am by Rocky
» Minister of Health: We are proceeding with a project to manage modern hospitals by specialized compa
Today at 5:02 am by Rocky
» An Iraqi initiative to ban the political exploitation of religions
Today at 5:01 am by Rocky
» 70% completion of the Kompsan Dam in Erbil
Today at 5:00 am by Rocky
» Paying off external debt is a step to promote stability and recovery
Today at 4:59 am by Rocky
» An economic forum discusses business opportunities with Islamic countries
Today at 4:57 am by Rocky
» More than one billion dollars in sales from the Central Bank of Iraq within a week
Today at 4:56 am by Rocky
» Pakistan and its economic challenges
Today at 4:55 am by Rocky
» Economic researchers emphasize promoting the culture of electronic payment
Today at 4:54 am by Rocky
» The events in Parliament were “intended”... A politician accuses “Taqaddum” of preventing a figure f
Today at 4:51 am by Rocky
» The Federal Court rejects the challenge to the constitutionality of a text in the seat distribution
Today at 4:50 am by Rocky
» Primitive management of waste and medical waste in Baghdad... another danger threatening the populat
Today at 4:49 am by Rocky
» Discrimination in projects and allocations.. The National Union complains of the injustice of Sulaym
Today at 4:46 am by Rocky
» Parliament “claims confusion” despite the clarity of the interpretation of federalism.. What is the
Today at 4:45 am by Rocky
» Khashan demands that Parliament terminate Haibat Al-Halbousi’s membership after he disrupted the pre
Today at 4:44 am by Rocky
» Al-Sudani will visit Doha tomorrow to participate in the World Security Forum
Today at 4:42 am by Rocky
» Al-Halbousi’s fears and ambitions waste the entitlement of the Sunni component: Parliament events ar
Today at 4:41 am by Rocky
» Transition to modern agriculture.. Parliament reveals financial allocations to purchase 11,000 “spri
Today at 4:40 am by Rocky
» Iraq “negotiates” Erbil over the passage of the Al-Faw train and awaits a meeting with Turkey and th
Today at 4:38 am by Rocky
» Türkiye builds the “carrot” and Iran diverts the rivers.. An Iraqi expert discusses “the weakness of
Today at 4:37 am by Rocky
» To facilitate the movement of goods transport.. Al-Dakhil directs the opening of Mosul - Dohuk contr
Today at 4:35 am by Rocky
» “Siemens will keep pace with Iraqi electricity.” The Ambassador: Iraqis requested bribes from German
Today at 4:34 am by Rocky
» Services will enter 13 areas.. Al-Zubair will convert heavy sewage into fertilizers.. and infrastruc
Today at 4:33 am by Rocky
» Representative regarding what happened during today’s session: an insult to the legislative institut
Today at 4:31 am by Rocky
» Parliament is “perplexed” and will take a month with the tables: the budget has increased and the op
Today at 4:29 am by Rocky
» Where has the legal battle between the Iraqi "Jaloud" and the British company "BP" reached?
Today at 4:27 am by Rocky
» A government plan to raise the price of refining oil.. Will the refineries lose, or will the price o
Today at 4:25 am by Rocky
» The Hajj Authority calls on the Central Bank to direct banks to open their doors to pilgrims
Today at 4:24 am by Rocky
» Martyrs Foundation: Thousands of mass graves in Iraq will not be opened yet
Today at 4:21 am by Rocky
» Sadiqoun is betting on resolving the parliamentary presidency issue today...a fourth and fifth round
Today at 4:19 am by Rocky
» The House of Representatives adjourns its session until further notice
Today at 4:18 am by Rocky
» utube 5/16/24 MM&C Al-Sudani - Political Week - Progress Internationally
Yesterday at 7:59 am by Rocky
» Calls to include local oil and electricity sales in the general budget
Yesterday at 7:50 am by Rocky
» Al Rasheed Bank issues instructions to facilitate the issuance of replacement cards for bank card ho
Yesterday at 7:47 am by Rocky
» Internal debt rises to 79 trillion in 2024.. What is the relationship between spending and loans?
Yesterday at 7:44 am by Rocky
» Members of Parliament head to the Great Hall to initiate procedures for electing the president
Yesterday at 7:38 am by Rocky
» The House of Representatives concludes the report and discussion of the draft law on public holidays
Yesterday at 7:37 am by Rocky
» The House of Representatives votes to extend its legislative term for 30 days
Yesterday at 7:36 am by Rocky
» A Canadian company is “unable” to dismiss its director authorized to protect Baghdad Airport: Iraq i
Yesterday at 7:34 am by Rocky
» Economic Institution: The value of China's exports to Iraq increased by 93% in 10 years
Yesterday at 7:31 am by Rocky
» The Presidency of Parliament decided to devote today’s session to electing the president only
Yesterday at 7:29 am by Rocky
» In the presence of 183 deputies...the House of Representatives holds its session
Yesterday at 7:28 am by Rocky
» Al-Kadhimi hints at the possibility of postponing the session to elect the Speaker of Parliament
Yesterday at 5:09 am by Rocky
» The regional government announces the payment of employees' salaries via “My Account”
Yesterday at 5:07 am by Rocky
» The Minister of Transport reviews the details of the development road and Al-Faw Grand Port projects
Yesterday at 5:05 am by Rocky
» Istanbul will host expanded Turkish/Arab economic meetings at the beginning of next month
Yesterday at 5:03 am by Rocky
» Customs sets the date for collecting tax amounts electronically and sets a condition
Yesterday at 5:02 am by Rocky
» Sudanese agrees to support pilgrims with an amount of 39 billion dinars to reduce the cost of Hajj
Yesterday at 5:00 am by Rocky
» The Sudanese advisor clarifies the discussion of budget schedules in the extraordinary session of th
Yesterday at 4:59 am by Rocky
» Most of the framework and the Kurdistan Democratic Party will vote for Al-Mashhadani as Speaker of P
Yesterday at 4:55 am by Rocky
» A deputy considers the movement of Turkish forces inside Iraqi territory an occupation
Yesterday at 4:53 am by Rocky
» Directing the Ministry of Finance to spend drug law implementation budgets
Yesterday at 4:52 am by Rocky
» A parliamentary movement to resolve the fate of holding private wards
Yesterday at 4:51 am by Rocky
» A member of a legal movement calling for accelerating the amendment of Article 57
Yesterday at 4:49 am by Rocky
» A parliamentary effort to gain ownership of the trespassers and slum owners
Yesterday at 4:48 am by Rocky
» There is a consensus on deciding the presidency of Parliament today, and the balance is tilted towar
Yesterday at 4:47 am by Rocky
» The price of the dollar is witnessing a slight increase in Baghdad, Basra and Erbil
Yesterday at 4:46 am by Rocky
» Behind the scenes of electronic blackmail in Iraq... “A good hacker,” “blackmailing spouses,” and se
Yesterday at 4:44 am by Rocky
» The coordination framework supports Al-Sadr: We will pass the “Eid Al-Ghadir” holiday today
Yesterday at 4:42 am by Rocky
» The session to elect the Speaker of Parliament... intense meetings and fears of its failure due to “
Yesterday at 4:41 am by Rocky