Home
Al-Kazemi's advisor talks about the possibility of approving the 2022 budget immediately
Economy News - Baghdad
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Thursday, that the merits of the General Budget Law for the year 2023 are complete, while indicating the possibility of approving the 2022 budget immediately, if the legislative environment allows it.
Saleh told the official news agency, "The provisions of Chapter Three of the amended Federal Financial Management Law No. 6 of 2019 are concerned with preparing and approving the legislative rules for the federal general budget law for the next year, which begins its work at the beginning of July of each year by initiating preparations for estimating expenditures and revenues and managing The deficit or surplus of the draft federal budget law for the coming year.
He added, "Accordingly, the ceiling of its expenditures, both operational and current expenditures and investment spending, is determined through what the Higher Committee for Budget Strategy, headed by the Minister of Finance and a large number of undersecretaries of ministries, general managers and experts from various state facilities, is responsible for drawing up the general budget policy. The annual budget and the preparation of the draft law, the annual budget, which is accompanied by the fiscal policy document, the macroeconomic reality and future document, the required growth indicators, and the approved economic development policy.
He pointed out that "according to the timeline, the draft law and the strategy attached to it for the next three years must be discussed in the Ministerial Council for Economy in the first month of September, and the file is referred to the Council of Ministers for approval of the draft general budget law and its appendices, and then presented in an integrated manner to the legislators in the House of Representatives in the month October of each year in order to vote on it to legislate it.
He continued, "There is a draft or an integrated project for the budget for the year 2022 that can be legislated immediately if the legislative environment allows it," noting that "the merits of the general budget law for the year 2023 are to a large extent complete with some simple legal adjustments in the matter of managing the surplus through the fund." The sovereign stipulated in Article 19 of the effective Financial Management Law, as well as the agreement on the price of a barrel of oil for the purposes of calculating the return from it in the year 2023, in light of the development of energy markets and the demand for oil in the world.
He pointed out that "oil revenues constitute more than 90% of the total public revenues in the budget, as well as what is expected of non-oil revenues in the next fiscal year."
Views 266
Added 09/01/2022 - 8:34 PM
Update 09/03/2022 - 12:47 PM
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]Economy News - Baghdad
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Thursday, that the merits of the General Budget Law for the year 2023 are complete, while indicating the possibility of approving the 2022 budget immediately, if the legislative environment allows it.
Saleh told the official news agency, "The provisions of Chapter Three of the amended Federal Financial Management Law No. 6 of 2019 are concerned with preparing and approving the legislative rules for the federal general budget law for the next year, which begins its work at the beginning of July of each year by initiating preparations for estimating expenditures and revenues and managing The deficit or surplus of the draft federal budget law for the coming year.
He added, "Accordingly, the ceiling of its expenditures, both operational and current expenditures and investment spending, is determined through what the Higher Committee for Budget Strategy, headed by the Minister of Finance and a large number of undersecretaries of ministries, general managers and experts from various state facilities, is responsible for drawing up the general budget policy. The annual budget and the preparation of the draft law, the annual budget, which is accompanied by the fiscal policy document, the macroeconomic reality and future document, the required growth indicators, and the approved economic development policy.
He pointed out that "according to the timeline, the draft law and the strategy attached to it for the next three years must be discussed in the Ministerial Council for Economy in the first month of September, and the file is referred to the Council of Ministers for approval of the draft general budget law and its appendices, and then presented in an integrated manner to the legislators in the House of Representatives in the month October of each year in order to vote on it to legislate it.
He continued, "There is a draft or an integrated project for the budget for the year 2022 that can be legislated immediately if the legislative environment allows it," noting that "the merits of the general budget law for the year 2023 are to a large extent complete with some simple legal adjustments in the matter of managing the surplus through the fund." The sovereign stipulated in Article 19 of the effective Financial Management Law, as well as the agreement on the price of a barrel of oil for the purposes of calculating the return from it in the year 2023, in light of the development of energy markets and the demand for oil in the world.
He pointed out that "oil revenues constitute more than 90% of the total public revenues in the budget, as well as what is expected of non-oil revenues in the next fiscal year."
Views 266
Added 09/01/2022 - 8:34 PM
Update 09/03/2022 - 12:47 PM
[You must be registered and logged in to see this link.]
» utube 5/18/24 MM&C Iraq Dinar - Iraq Central Bank - IMF - UNAMI - World Bank - Key Votes Tabled -
» Floating the Iraqi dinar A solution to fill the "gap" of its turbulent price against the dollar
» Kanna: The Constitutional Amendments Committee was completely marginalized for two reasons
» The repercussions of the Ukrainian company continue.. Is Iraq facing a real economic disaster?
» A government body sends an invitation to the Central Bank regarding the Hajj dollar
» Pessimism surrounds the electricity situation during the summer: the suffering will be repeated and
» Presidency of Parliament is Haqq Anbari.. Why does “Progress” stand against this entitlement? - Urge
» Bloomberg: Iraq achieves sufficiency in diesel fuel and stops importing it
» Hajj calls on the Central Bank to direct banks to open their doors to pilgrims to exchange dollars
» In an extraordinary session...the Council of Ministers votes today on the budget schedules
» Al-Khanjar: Parliament members presented a chaotic model that does not befit Iraq
» The President of the Republic told NATO: The Iraqi army has the readiness to face security challenge
» List of countries exporting most goods and services in the world.. What is Iraq’s rank?
» The General Tax Authority initiates a package of reforms to achieve “two goals”
» A Jordanian minister reveals "significant" coordination with Iraq and talks about smuggling operatio
» The Sudanese confirms to his Kuwaiti counterpart the depth of the two countries’ relations and the s
» With documents... Finance publishes controls that concern the segment of employees, including promot
» A female representative explains the government’s ambition to reach the production of 8 million barr
» Next month... a major conference to announce 8 cities as investment opportunities
» The presence movement: Iran urged Barzani to participate in the region’s elections
» In a strange incident, they disowned him because of Al-Halbousi’s anger at him
» Race for the Presidency of Parliament.. The Sunni conflict is worsening
» Responding to the challenge to the constitutionality of the seat distribution system in the provinci
» Demanding an increase in the allocations for two ministries in the current year’s budget
» Parliamentary Finance: Employee salaries amounted to 8 and a half trillion
» In the amount of 10 million... an Iraqi government bank begins granting loans to married couples
» Hajj and Umrah Authority: Iraqi banks refrain from receiving pilgrims
» The Minister of Electricity calls for mobilizing energies in preparation for the upcoming summer sea
» The United Nations Development Program approves the electronic payment services system in Iraq
» Iraqi oil exports to America declined within a week
» Parliamentary praise for the government’s plans to implement projects to solve the housing crisis
» Has the government succeeded in controlling crowding by changing working hours?
» “Ali is not compensated with money, but I demand my rights.” An Iraqi sues a British oil company for
» Planning: The pilot census will start on the 26th of this month
» An unruly policy or a necessary need? .. Floating the currency between economic benefit and disadvan
» A project to develop a climate investment plan in Iraq
» Parliament awaits “budget schedules”
» Parliament: Infrastructure is the most important challenge of the housing crisis
» Announcing 8 cities as investment opportunities
» Minister of Health: We are proceeding with a project to manage modern hospitals by specialized compa
» An Iraqi initiative to ban the political exploitation of religions
» 70% completion of the Kompsan Dam in Erbil
» Paying off external debt is a step to promote stability and recovery
» An economic forum discusses business opportunities with Islamic countries
» More than one billion dollars in sales from the Central Bank of Iraq within a week
» Pakistan and its economic challenges
» Economic researchers emphasize promoting the culture of electronic payment
» The events in Parliament were “intended”... A politician accuses “Taqaddum” of preventing a figure f
» The Federal Court rejects the challenge to the constitutionality of a text in the seat distribution
» Primitive management of waste and medical waste in Baghdad... another danger threatening the populat
» Discrimination in projects and allocations.. The National Union complains of the injustice of Sulaym
» Parliament “claims confusion” despite the clarity of the interpretation of federalism.. What is the
» Khashan demands that Parliament terminate Haibat Al-Halbousi’s membership after he disrupted the pre
» Al-Sudani will visit Doha tomorrow to participate in the World Security Forum
» Al-Halbousi’s fears and ambitions waste the entitlement of the Sunni component: Parliament events ar
» Transition to modern agriculture.. Parliament reveals financial allocations to purchase 11,000 “spri
» Iraq “negotiates” Erbil over the passage of the Al-Faw train and awaits a meeting with Turkey and th
» Türkiye builds the “carrot” and Iran diverts the rivers.. An Iraqi expert discusses “the weakness of
» To facilitate the movement of goods transport.. Al-Dakhil directs the opening of Mosul - Dohuk contr
» “Siemens will keep pace with Iraqi electricity.” The Ambassador: Iraqis requested bribes from German
» Services will enter 13 areas.. Al-Zubair will convert heavy sewage into fertilizers.. and infrastruc
» Representative regarding what happened during today’s session: an insult to the legislative institut
» Parliament is “perplexed” and will take a month with the tables: the budget has increased and the op
» Where has the legal battle between the Iraqi "Jaloud" and the British company "BP" reached?
» A government plan to raise the price of refining oil.. Will the refineries lose, or will the price o
» The Hajj Authority calls on the Central Bank to direct banks to open their doors to pilgrims
» Martyrs Foundation: Thousands of mass graves in Iraq will not be opened yet
» Sadiqoun is betting on resolving the parliamentary presidency issue today...a fourth and fifth round
» The House of Representatives adjourns its session until further notice
» utube 5/16/24 MM&C Al-Sudani - Political Week - Progress Internationally
» Calls to include local oil and electricity sales in the general budget
» Al Rasheed Bank issues instructions to facilitate the issuance of replacement cards for bank card ho
» Internal debt rises to 79 trillion in 2024.. What is the relationship between spending and loans?
» Members of Parliament head to the Great Hall to initiate procedures for electing the president
» The House of Representatives concludes the report and discussion of the draft law on public holidays
» The House of Representatives votes to extend its legislative term for 30 days
» A Canadian company is “unable” to dismiss its director authorized to protect Baghdad Airport: Iraq i
» Economic Institution: The value of China's exports to Iraq increased by 93% in 10 years
» The Presidency of Parliament decided to devote today’s session to electing the president only
» In the presence of 183 deputies...the House of Representatives holds its session
» Al-Kadhimi hints at the possibility of postponing the session to elect the Speaker of Parliament
» The regional government announces the payment of employees' salaries via “My Account”
» The Minister of Transport reviews the details of the development road and Al-Faw Grand Port projects
» Istanbul will host expanded Turkish/Arab economic meetings at the beginning of next month
» Customs sets the date for collecting tax amounts electronically and sets a condition
» Sudanese agrees to support pilgrims with an amount of 39 billion dinars to reduce the cost of Hajj
» The Sudanese advisor clarifies the discussion of budget schedules in the extraordinary session of th
» Most of the framework and the Kurdistan Democratic Party will vote for Al-Mashhadani as Speaker of P
» A deputy considers the movement of Turkish forces inside Iraqi territory an occupation
» Directing the Ministry of Finance to spend drug law implementation budgets
» A parliamentary movement to resolve the fate of holding private wards
» A member of a legal movement calling for accelerating the amendment of Article 57
» A parliamentary effort to gain ownership of the trespassers and slum owners
» There is a consensus on deciding the presidency of Parliament today, and the balance is tilted towar
» The price of the dollar is witnessing a slight increase in Baghdad, Basra and Erbil
» Behind the scenes of electronic blackmail in Iraq... “A good hacker,” “blackmailing spouses,” and se
» The coordination framework supports Al-Sadr: We will pass the “Eid Al-Ghadir” holiday today
» The session to elect the Speaker of Parliament... intense meetings and fears of its failure due to “