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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The budget of 2018 .. fluctuates on the ropes of differences and inflation of external debt

    Rocky
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    The budget of 2018 .. fluctuates on the ropes of differences and inflation of external debt Empty The budget of 2018 .. fluctuates on the ropes of differences and inflation of external debt

    Post by Rocky Thu 08 Feb 2018, 1:46 am

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    The budget of 2018 .. fluctuates on the ropes of differences and inflation of external debt


     Baghdad / Fadia Al-Jawari 

    The balance of 2018 still in place, after the postponement of its adoption more than once because of differences between the political blocs.
    And stresses a number of specialists in the economic issue that the postponement of the adoption of the budget for the current year 2018 puts the country in a critical crisis and delays the investment process, pointing out that the approach of the elections will push the political blocs to hold deals to approve the budget, which some experts it carries several issues in the paragraphs. 
    "He predicted an economist not to approve the budget for this year because of political differences and financial transactions between the blocks," noting that if it was approved, it will be adopted a political formula and contain political deals because they coincide with the near elections. 
    The economist, Salem al-Bayati said in an interview with Al-Mada, "Iraq is returning to the non-approval of the budget, which is borne by the government as a first party when it delayed sending it to the House of Representatives at the end of last year, and the Council as a second party because the latter has no decision other than the approval of Budget or rejection ".
    He added that "delayed adoption of the budget will affect the investment side, noting that if it was approved and published in the newspaper (facts), the work will begin from the fourth month, because the work procedures require it." 
    For his part, says member of the Finance Committee parliamentary Ahmad Hama Rashid, "The parliamentary finance committee task to take notes by all those objecting to the budget, which relate to oil-producing provinces, in addition to the share of the region, and the provision of funds for the reconstruction of liberated cities."
    "The budget carries many problems with regard to the oil producing provinces (Basra, Dhi Qar, Maysan and Wasit), which is considered the economic artery of the country, indicating that there are many requirements on those provinces, including the allocation of government to these provinces amount Five (Petrodollar) for each barrel of product or extract or for gas produced, later turned from $ 5 to 5%, but the government now wants to choose the province one way for these amounts, either through oil or refined oil or gas, as well as Lack of financial guarantees for previous years. "
    Rashid pointed out that "the government is going through a financial crisis, but it can spend financial bonds remain a debt to the federal government until the availability of financial abundance," adding that there are "two ways to approve the budget either to withdraw the bill from parliament and return it to the government to amend, or the presence of Prime Minister To the session of parliament until the subject is discussed with the deputies. " 
    In turn, MP Majida al-Tamimi, said that "failure to approve the budget will affect the view of donor countries to Iraq, while indicated that the delay is due to the conditions of international criticism and the demands of the blocks." 
    Tamimi said in a press statement that "meetings continue in the Finance Committee on the budget, and there were two meetings with the Prime Minister Haider Abadi." 
    "Yesterday, at my request, the budget was put on the agenda for the second reading."
    "The failure to approve the budget means that the country is not a plan to manage its funds, and this affects the view of donor countries and shows them that we are a country of law and not plan, how to grant investment funds." 
    The House of Representatives has seen several months ago, major differences between the political blocs on the budget items of 2018, which leads in each meeting to postpone the issue of the agenda, and attended the Prime Minister Haider Abadi to Parliament more than once for the purpose of discussing the requests of the political blocs. 
    And demanded that the Kurdish blocs and the Union of forces and oil-producing provinces, put their requirements in the budget or else they will boycott the sessions of the parliament's own. 
    The total value of Iraq's general budget for 2018 amounted to about 85.33 trillion dinars (71.65 billion dollars) with a deficit of 22.78 trillion dinars (19.13 billion dollars).
    The main challenges in the budget are to provide additional amounts for the reconstruction of liberated cities under current oil prices that do not meet the requirements of the next phase and the continuing fiscal deficit in most ministries of the state and the rise in the volume of external debt, which exceeded $ 100 billion.



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