Chairman of the Parliamentary Finance Committee reveals details of sovereign expenditures in the federal budget
Chairman of the Finance Committee [url=https://www.thebaghdadpost.com/ar/Story/t/772/%D9%87%D9%8A%D8%AB%D9%85 %D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A]Haitham al-Jubouri[/url] revealed the details of sovereign expenditures in the federal [You must be registered and logged in to see this link.] .
Al-Jubouri said in a statement that the Minister of Finance appeared in one of the television channels and mentioned a very small part of the sovereign expenditure in the federal [You must be registered and logged in to see this link.] after the media circulated what the minister said that these expenses are all sovereign expenditures.
He added that the reality of sovereign expenditures is “the Secretariat of the Council of Representatives, the Presidency of the Republic, the Secretariat of the Council of Ministers, the Prime Minister, the Rally, the Ministry of Foreign Affairs, the Anti-Terrorism Service, the Ministry of Defense, the Federal Supreme Court, the Independent High Electoral Commission, including the election expenses. Accountability and Justice Commission, Property Claims Commission except Compensation, Office of the Inspector General of the Property Claims Commission, Iraqi Commission for Radioactive Sources, Iraqi National Intelligence Service, Office of the Inspector General of National Intelligence.
He pointed out that the expenses also include "the wages of negotiations and legal claims and the wages of the International Audit Company and the Committee of Northern Experts and contribute to the cost of production of crude oil exported and the amounts of Arab and international contributions except for contributions included within each" Ministry of Defense, the House of Representatives, Ministry of Foreign Affairs and the current expenses of the Directorate of Civil Status Residency, Border Forces Command, Federal Police, and investment projects for both the Directorate of Civil Status and Residency, including the unified card, the Border Forces Command, the Border Ports Directorate, as well as the National Security Council Leaving port and railway projects, dam projects, public utility projects, atmospheric management projects, licensing projects throughout Iraq, the Federal Audit Bureau.
He explained that the expenses include “Integrity Commission, Human Rights Commission, interest on World Bank loans, interest on IMF loans, interest on Italian loan, interest on IDB loan, interest on JICA loans, interest on German loan, interest on US loan JBIC, interest on Bank of Japan loans. For international cooperation, interest on Swedish loan, interest on Chinese loan, interest on UKEF loan, interest on German Siemens loan, export guarantee interest, sovereign guarantee interest, interest on French loan plus interest on IDF loan Agricultural and interest on the Saudi loan and interest on the Kuwaiti loan and interest on the loan Italian SACE and interest on the restructuring of external debt restructuring at the Paris Club and benefits on re-structuring of external debt on countries outside the Paris Club. "
Al-Jubouri pointed out that the sovereign expenditure includes “the interest of bonds on amortizing private sector debt abroad, the interest on the dues of the Arab Monetary Fund on the structure of the indebtedness of Iraq, the interest on the foreign debt bonds Eurobond, the interest on the dues of the Arab Fund for Economic Development, the interest on the bonds on amortization of debts. Private Sector Abroad, Interest on Treasury Remittances Auctions as well as Interest on Old Treasury Remittances, Benefits on Treasury Remittances under the Legal Reserve of Rafidain, Rasheed and Iraqi Trade Bank as per 2015 Budget Law and Remittances To the treasury according to the transfer of the Trade Bank of Iraq under the [You must be registered and logged in to see this link.] law[You must be registered and logged in to see this link.] For the year 2015 and the benefits of treasury transfers under the transfer of funding to foreign oil companies under article “34” of the 2015 budget law from both the Rashid and Rafidain banks and the Iraqi Bank for Trade and the benefits of treasury transfers discounted to the Central Bank of Iraq under the 2016 budget law and the benefits of treasury transfers Through the pension fund under the 2015 budget law and interest on loans granted by the Trade Bank of Iraq under the law of the budgets of 2015 and 2016 and the interest of national bonds in Iraqi dinars and the interest of loans granted by government banks for housing employees of the liberated areas Payments of treasury remittances in accordance with the statutory reserve by government banks, pointing out that the expenses therein are the benefits of treasury remittances pursuant to the Council of Ministers resolutions numbered 97 and 400 of 2013 by government banks. 50 ”for 2014 to finance the budget deficit, the benefits of remittances[You must be registered and logged in to see this link.] for 2015, Treasury Remittances Premiums Discounted to the Central Bank of Iraq under the [You must be registered and logged in to see this link.] Law for 2016, Treasury Remittances Installments Granted by the Pension Fund According to the [You must be registered and logged in to see this link.] Law 2015, Treasury Remittances Installments According to the Council of Ministers' Decrees No. 97 and No. 400 of 2013 Government banks. ”
The Chairman of [url=https://www.thebaghdadpost.com/ar/Story/t/6792/%D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9]the Finance Committee[/url] noted[url=https://www.thebaghdadpost.com/ar/Story/t/6792/%D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9][/url]The sovereign expenditures also relate to the treasury remittances premiums pursuant to the Council of Ministers Resolution No. 50 of 2014 to finance the budget deficit, the treasury remittances premiums pursuant to the Council of Ministers' resolutions No. 70 and No. 74 of 2015, the installments of loans granted by the Trade Bank of Iraq under the law. 2015 and 2016 budgets, payment of external debt restructuring installments for Paris Club countries, payment of external debt restructuring installments for countries outside the Paris Club, settlement of debt abroad, cash settlement of small debt to the private sector abroad, payment of Arab Monetary Fund dues for restructuring agreement indebtedness Iraq, IMF loan repayments, World Bank loan repayments, US loan repayments, JICA repayments, sovereign bond repayments, Italian repayments, German Siemens repayments, IDB loan, German repayments, repayments Swedish loan installments, repayment
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