[You must be registered and logged in to see this image.]
Parliamentary Finance: Budget deficit decreased to 13 trillion dinars after it was 27 trillion
Range / Nour Ali
[You must be registered and logged in to see this link.]
Parliamentary Finance: Budget deficit decreased to 13 trillion dinars after it was 27 trillion
Range / Nour Ali
The Finance Committee announced a significant decline in the deficit of the budget of 2018 General, where it constituted 27 trillion dinars of the total size of 108 trillion dinars, to become today 13 trillion dinars, because of the recommendations of the International Monetary Fund, which put Iraq in the right way in the management of state funds And the pressure of government expenditures, she said, with the increase in oil prices than expected, while an economist believes that the reasons for the decline is the growing sources of financial revenues in the budget, in addition to the optimization of non-oil resources.
It is worth mentioning that the financial stability in Iraq and the elimination of the budget deficit is not limited to reducing spending wasted, but also depends on increasing non-oil revenues even as oil prices are modest, and as long as the security situation continues to improve, Iraq has a good chance to attract Traders and investors much needed to meet reconstruction needs over the next two years.
According to a member of the parliamentary finance committee, Ahmed Kanani said in an interview for (the extent) that the current deficit in the budget is estimated at "13 trillion after it was 27 trillion dinars, as there are no new deductions in the salaries of employees and retirees this year and keep them as they were before, Noting that the low proportion of the deficit in the budget of 2018, came because of the conditions of the International Monetary Fund, which put Iraq in the right way to manage state funds, not to mention the pressure of government expenditure, which is clear to all institutions and ministries to reduce the proportion of excess surpluses need, including reducing dividends, He added: On the other hand, The austerity measures taken by Prime Minister Haider al-Abadi led to convincing results.
Kanani believes that if the budget was better checked by the Council of Ministers, as is currently the case in the House of Representatives, we may have now a surplus of up to 8 trillion dinars, saying by saying: The budget was built on the basis of the price of selling oil 46 But today the price of the barrel exceeded $ 63, so the budget had to be built on the basis of the sale price of $ 50 a barrel at a minimum, and here the difference has reached the limit of $ 4 per barrel, which will provide the budget of about 7 trillion.
Kanani stressed: the need to have a real collection, whether in ports or border ports and electricity and other facilities that can provide the state treasury with huge funds, therefore, if we do this procedure, we will have a surplus in the budget for this year, on the other hand, the presence of Changes and transfers in some government institutions that do not need to spend large amounts and cancel or reduce, certainly will not suffer from any financial deficit for this year.
The reasons for the decline in the deficit of the budget of 2018, is the difference between the estimated financial revenues and operational and investment expenses, in addition to maximizing non-oil resources, and the change in oil prices, as experts believe, at the time emphasizes expert on economic affairs, (Range) that the budget that the parliamentary Finance Committee, along with the so-called corrective budget, which shows the amount of deviation that occurs in the budget, especially in relation to the proportion of the deficit.
The deficit for this year in the general budget is much lower than in the previous year. The reasons for this decrease are the difference between the revenues and operating and investment expenses and the growing sources of revenues in the budget. The budget for 2018 is different from last year's budget, "The difference between the price of oil approved by the budget on the basis of $ 43 per barrel, and the price of a barrel of oil at the moment, which reached $ 63 a barrel, This difference in prices has provided sucking New financial assets managed to reduce the deficit).
The current deductions from salaries of employees and retirees have no legal basis and should therefore be eliminated in the 2018 budget, because these deductions were exclusively for military expenditures and public mobilization salaries, which means that the justifications on which these deductions were based Has disappeared completely and must also be canceled, but it seems to remain for other reasons as we heard from the World Bank, in accordance with the new additional conditions placed on Iraq.
According to a member of the parliamentary finance committee, Ahmed Kanani said in an interview for (the extent) that the current deficit in the budget is estimated at "13 trillion after it was 27 trillion dinars, as there are no new deductions in the salaries of employees and retirees this year and keep them as they were before, Noting that the low proportion of the deficit in the budget of 2018, came because of the conditions of the International Monetary Fund, which put Iraq in the right way to manage state funds, not to mention the pressure of government expenditure, which is clear to all institutions and ministries to reduce the proportion of excess surpluses need, including reducing dividends, He added: On the other hand, The austerity measures taken by Prime Minister Haider al-Abadi led to convincing results.
Kanani believes that if the budget was better checked by the Council of Ministers, as is currently the case in the House of Representatives, we may have now a surplus of up to 8 trillion dinars, saying by saying: The budget was built on the basis of the price of selling oil 46 But today the price of the barrel exceeded $ 63, so the budget had to be built on the basis of the sale price of $ 50 a barrel at a minimum, and here the difference has reached the limit of $ 4 per barrel, which will provide the budget of about 7 trillion.
Kanani stressed: the need to have a real collection, whether in ports or border ports and electricity and other facilities that can provide the state treasury with huge funds, therefore, if we do this procedure, we will have a surplus in the budget for this year, on the other hand, the presence of Changes and transfers in some government institutions that do not need to spend large amounts and cancel or reduce, certainly will not suffer from any financial deficit for this year.
The reasons for the decline in the deficit of the budget of 2018, is the difference between the estimated financial revenues and operational and investment expenses, in addition to maximizing non-oil resources, and the change in oil prices, as experts believe, at the time emphasizes expert on economic affairs, (Range) that the budget that the parliamentary Finance Committee, along with the so-called corrective budget, which shows the amount of deviation that occurs in the budget, especially in relation to the proportion of the deficit.
The deficit for this year in the general budget is much lower than in the previous year. The reasons for this decrease are the difference between the revenues and operating and investment expenses and the growing sources of revenues in the budget. The budget for 2018 is different from last year's budget, "The difference between the price of oil approved by the budget on the basis of $ 43 per barrel, and the price of a barrel of oil at the moment, which reached $ 63 a barrel, This difference in prices has provided sucking New financial assets managed to reduce the deficit).
The current deductions from salaries of employees and retirees have no legal basis and should therefore be eliminated in the 2018 budget, because these deductions were exclusively for military expenditures and public mobilization salaries, which means that the justifications on which these deductions were based Has disappeared completely and must also be canceled, but it seems to remain for other reasons as we heard from the World Bank, in accordance with the new additional conditions placed on Iraq.
[You must be registered and logged in to see this link.]
» utube 11/30/23 iraqi dinar Set IQD For Revaluation 2023 / Iraqi Dinar News Today /
» FRANK26……11-29-23……MONETARY SOVEREIGNTY MEANS YOUR NEW CURRENCY trusts, what to do with your rv cas
» The Minister of Labor issues a directive to stop the social research process
» Rights reiterates its rejection of the American forces remaining in Iraq
» Representative from Al-Halbousi Party: Complaints against “progress” are political and a media whirl
» Al-Mandalawi calls for the formation of an international economic alliance
» The Iraqi Islamic Commercial Bank achieves a profit of 6.4 billion dinars
» Head of the Integrity Commission: Iraq worked to recover the accused and the funds, whether at home
» The Iraqi market traded shares worth more than 93 billion dinars during the month of November
» Rumaila Field Management: In our projects, we focus on reducing water waste and environmental pollut
» Talabani to the Iranian Consul: Serious efforts to solve problems with Baghdad regarding salaries an
» "UNAMI": Iraq's losses from fish resources are estimated at about 400 million dollars annually
» “Markets are paralyzed”... The dollar crisis exacerbates the problems of the Kurdistan region and th
» External remittances increased by 87% in the Iraqi Central Auction
» Referring the file of Al-Halbousi Party’s contract with a company linked to Israel to the Judicial A
» What is expected from the OPEC+ meeting today? And the most likely scenarios
» Saleh: The final accounts of official institutions are a binding condition for evaluating public mon
» In the document, the Minister of Finance assigns a number of employees to manage the positions of th
» The Minister of Labor directs to stop social research and issue Qi cards to protection beneficiaries
» With the participation of Iraq, the climate conference kicks off in Dubai with hopes for renewable e
» The Minister of Health will visit Bahrain next month and a memorandum of understanding will be signe
» Al-Sudani directs to maintain the escalating pace of work on projects to relieve traffic congestion
» Framework: We will not interfere in choosing the Speaker of Parliament and leave the matter to the S
» Economic: Electronic fuel cards contribute to eliminating the smuggling of derivatives
» A parliamentarian accuses the Central Bank of hiding the facts about the currency auction
» National Union: The accusations between Baghdad and Erbil resulted in the region’s employees falling
» Taqaddam holds a meeting to elect a new president to succeed Al-Halbousi
» It leads him to prison... 3 heavy charges await the ousted president, including inflating funds
» Decrease in dollar prices in the parallel market
» Political movement and anticipation of Sunni understandings regarding the personality of the expecte
» More than a billion dollars.. Iraq is the second largest importer from Türkiye within a month
» Al-Naili: We allocated plots of land to the families of the martyrs and distributed the first batch
» Organized crime: Coordination with the Kurdistan region to pursue foreign currency speculators
» Minister of Environment: Iraq's participation in the Conference of the Parties will be effective
» Specialists: Reconstruction bonds are an important step whose interest should be increased
» Al-Nusairi: A new round of understandings to regulate trade financing and control the exchange rate
» Prime Minister: We provide all facilities to major investment companies of various nationalities
» Al-Mandalawi calls for the formation of an international economic alliance
» Parliament intends to prosecute conservatives who used public money in their electoral propaganda
» Parliamentary demands to increase allocations for the school feeding project
» Iraqi-British discussions to enhance security cooperation
» Trade: Including the poor and employees in the construction basket
» A campaign to follow up on the installation of generator meters in Baghdad
» 16 million voters are included in the provincial council elections
» Calls for Iraq to join the “Rome Convention”
» Economic circles welcome the establishment of the Iraqi-Chinese Business Council
» Entrepreneurship...the path to job opportunities
» Specialists: Reconstruction bonds are an important step whose interest should be increased
» A representative is dissatisfied with a decision of the Council of Ministers: He fixed the quotas an
» The security restriction has proven to be a failure... 3 benefits of “importing the dollar” and reco
» Al-Sudani directs the legal prosecution of anyone who exploits the state’s capabilities to influence
» To end the salary crisis in Kurdistan... a Kurdish delegation demands two things from Sudanese
» Al-Sudani is in Basra on Saturday to lay the foundation stone for Al-Faw Road and open an investment
» Al-Sudani Office: Changxin Company will implement an industrial city in Basra and invest in sulfur i
» The Iraqi dinar recovers against the US dollar.. 157,500 for every 100 dollars in Baghdad
» Parliamentarian: Iraq loses about $500 million every day from burning gas
» America’s violations reach communications...the people are threatened by espionage and liberation “S
» The Kurdistan Regional Government responds to Ammar Al-Hakim’s demand to pay the salaries of teachin
» Residential complexes and water and sewage projects... inclusion of the second phase of the Kut Bagh
» Strict inspection at Gate 18...the most expensive Green Zone markets in Baghdad...goods enter with g
» Al-Sudani congratulates the Saudi Crown Prince on his country’s win to host Expo 2030
» Al-Sudani limits the movement of military convoys to the “Operations Book” and directs the prosecuti
» The cabinet reshuffle battle is decided in favor of Al-Maliki... and positions are distributed accor
» Al-Sudani: Citizens are hopeful as they see the government’s seriousness in implementing projects
» Al-Sudani: The government will provide facilities to major companies of various nationalities
» The President of the Republic, Dr. Abdul Latif Gamal Rashid, heads to the Emirates
» The Federal Interior decides to allow registered motorcycles to roam at all times
» A female representative hints at withdrawing from “sovereignty”: Our representation has become more
» Iraq does not need a quarter of its gas imports.. What do you know about the “Nahr Bin Omar” field?
» The dollar declines against the dinar... a new decline in the exchange rate in Iraq
» New York Times: Luck alone saved the Americans in Iraq from more serious losses!
» Through a Chinese company.. Iraq is close to establishing a project for sulfur investment
» Khamenei: The Americans wanted to swallow Iraq, but they could not
» The black market dollar will collapse in a very short period - a government statement
» Oil company: Nahr Bin Omar gas field will provide electricity to more than 4 million Iraqis
» Al-Sudani directs the disbursement of 3 new loans to Kurdistan
» Labor announces the launch of the optical cable project to connect its circuits electronically
» More than 1,000 farms are moving to modern irrigation in Diyala
» The Central Bank announces a decrease in the inflation rate compared to last year
» The Iraqi Stock Exchange closes up by 1.92%
» “Pending points” for the resumption of Kurdistan oil exports... Expectations that it will flow at ha
» Finance agrees to make a transfer of 19 billion to cover Basra’s salary deficit
» A leader in the National Bank: The differences with the Democratic Party are deep and we have not re
» Central Bank: The inflation rate in Iraq decreased and reached 3.7% in August
» State of Law: America's plans to change regimes in the region are no longer valid
» Parliamentary Finance: The government will reduce circulating liquidity by 10% next year
» The Minister of Interior issues 3 directives to members of all security services
» Coordination framework: The role of governorate councils is complementary to the work of Parliament
» Political Alliance: We look forward to opening new files related to corruption in Anbar
» Parliamentary Finance announces the agreement that the minimum salaries will be 425 thousand dinars
» Revealing a deep dispute between Al-Halbousi and the Gharbiyya clans
» Kurdish MP: The ruling family in the region stands against the decisions of the Federal Court
» Parliamentary Integrity confirms its intention to legislate a series of laws to combat corruption
» The Commission responds to Al-Halbousi regarding the alternative to occupy his parliamentary seat in
» A Chinese advisor describes Iraq as the "largest" investment destination for his country
» The Presidency of the Republic issues a clarification regarding the arrest of an officer affiliated
» The General Directorate of Water announces the implementation of the electronic collection system in
» Finance: The employee salary scale file is not our exclusive responsibility