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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

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    The 2022 budget..political blocs obstructing approval and the country is frozen until further notice

    Rocky
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    budget - The 2022 budget..political blocs obstructing approval and the country is frozen until further notice Empty The 2022 budget..political blocs obstructing approval and the country is frozen until further notice

    Post by Rocky Wed 16 Mar 2022, 6:14 am

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    The 2022 budget..political blocs obstructing approval and the country is frozen until further notice
    March 16, 2022



    The budget cannot be passed without the formation of the government (Facebook)
    Ultra Iraq - Editorial Team
    The delay in forming the government and the failure to obtain a noticeable breakthrough in the political scene still casts its effects on the economic situation in the country in terms of approving the budget law for the year 2022. 
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    Jamal Cougar says that the budget will not be approved because the political blocs are the ones who hinder this, and that the implementation of the budget law and others comes at the last of their priorities.
    After forming the government, the budget needs two months in Parliament, and then it takes time between the approval of the Presidency of the Republic and the instructions of the Ministry of Finance, which will delay it by nine months and deprive the governorates of their entitlements, according to the former head of the Finance Committee, Haitham al-Jubouri. 
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    However, Member of Parliament Jamal Cougar, according to a statement to the official newspaper, followed by “Ultra Iraq,” he says, “The country has stopped due to the failure to approve the 2022 budget, and this matter happens every year due to political differences and politicians’ interference in all matters, which made the country frozen until notice. Another, which may extend to the middle of the year if the government is formed. 
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    And the budget will not be approved because it is the political blocs that obstruct this, according to Cougar, who justifies this by saying that “the implementation of the budget law and others come at the last of its priorities,” noting that “the constitutional timings are not fixed, and there are constitutional timings that require the government to ratify and send the budget before the middle of a month.” October every year, and before the beginning of the new year, the budget must be ratified, adding, “But the budget, unfortunately, is delayed, and this has no solutions because the law is not implemented.”
    He continued, "For 20 years, the country has not implemented the budget law in its timing, and since that time the budget has been delayed and all the affairs of the country have stopped until employee promotions and bonuses," noting "the possibility of sending the budget in the middle of this year when the government was formed because they need it, and otherwise not Parliament can do something in this regard until the new government is formed."
    Cougar criticized the interference of politicians in all fields, even in approving the budget, "because there are those who do not want to approve the budget, so that this causes embarrassment for the government."
    On February 7,  [You must be registered and logged in to see this link.]  Speaker of Parliament, Muhammad al-Halbousi, directed the General Secretariat of the Council of Ministers to send the federal budget for the year 2022, which sparked a legal debate about the inability of the caretaker government to send the budget. 
    However, the budget cannot be voted on and passed by the current government because it does not have the authority to submit draft laws, and the matter is tied to the formation of the new government, which will be 90% of its challenges financial and economic, according to the former head of the Finance Committee, Haitham al-Jubouri. 
    A draft is ready for the 2022 budget, but it needs amendments according to the new government’s financial policy, according to al-Jubouri, which stresses that “there is no financial abundance in Iraq even if the price of a barrel of oil remains more than $90.”
    And the former Rapporteur of the Finance Committee in the House of Representatives, Ahmed Al-Saffar, is likely to resort to approving a semi-annual budget due to the delay in forming the new government, which al-Jubouri considers “impossible.”
    The head of the Finance Committee warns against restoring the exchange rate in the 2022 budget as it was earlier, because "this will lead to a loss of 20 percent for the budget." 
    According to the obstacles in the way of forming the government and electing the president of the republic, the year 2022 may be without a budget, according to Haitham al-Jubouri, who comments on the matter by saying, "We settled it and it became," referring to the years 2014 and 2020.
    Member of the Kurdistan Democratic Party, Majid Shankali, believes that "the rise in oil prices will revive the upcoming budget, especially as this will contribute to filling the deficit well," noting that "in the past months, the price of oil has risen to more than 70 dollars per barrel, and now it exceeds 90 dollars, This surplus is kept with the Central Bank, knowing that in the past it was transferred to supplementary budgets, but now the situation is different.”
    Shankali confirms, in statements followed by "Ultra Iraq", that "the surplus that Iraq has reached from the rise of oil will enter the state of rotation for the 2022 budget." 
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    Parliamentarians considered that the surplus obtained by Iraq from the rise in oil prices will enter the state of rotation for the 2022 budget
    With the rise in oil prices and the surplus that occurred through them, there is a "government silence" on this issue, according to the economic expert, Salam Sumaisem, who confirms that "the surpluses that Iraq obtained from the high oil prices continue to rise since the middle of last year, but the parliament The Iraqi, who is responsible for monitoring the government, did not follow up and did not talk about these funds, not to mention the silence of the Office of Financial Supervision, which is responsible for issuing the final accounts. 
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