Home
Iraq's budget for 2022 awaits "Mercy" approval
[You must be registered and logged in to see this link.]
Fri April 15 2022 5:05
[You must be registered and logged in to see this image.]
The current government will not submit the budget law to the House of Representatives (AFP)[/size]
The political blockage that [You must be registered and logged in to see this link.] suffers from has caused delays in approving the [You must be registered and logged in to see this link.] , even though the country suffers from many economic problems and that its delay will negatively affect the life of the Iraqi citizen. The political debate continues over the mechanism of sending the budget by the caretaker government to the House of Representatives for approval.
In this regard, the Ministry of Planning announced, Thursday, April 14, 2022, that the current government will not submit the budget law to the House of Representatives.
The technical representative of the ministry, Maher Hammad, told the official agency, "The current government will not submit the budget law to the House of Representatives, but will leave it to the next government." He added that "the emergency support law will deal with food security and projects until the adoption of the new budget."
Authorizing a government to send the budget
The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, announced, on Tuesday, March 12, 2022, that Parliament will vote to authorize the caretaker government to send the budget law to the House.
Al-Zamili stressed that "the emergency food security and development law will not be a substitute for the budget, and it came to a certain stage with the aim of addressing the most prominent emergency cases and issues for the country," noting that "the council will vote on authorizing the caretaker government to send the draft budget law for the current year, as well as laws The task that urgently needs the citizens of the House of Representatives.”
He called on "the Finance Committee to provide the Presidency of the Council with the final version of the draft law after the necessary amendments have matured, so that it is included on the agenda of the nearest session to vote on it as well."
The head of the caretaker government, Mustafa Al-Kazemi, had called on the political forces to work hard to agree on a formula for forming the government, carrying out its duties, working on preparing the 2022 budget, and fulfilling its obligations towards citizens.
Legislation of the budget law
In turn, the legal expert, Ali Al-Tamimi, clarified about the possibility of the caretaker government sending the general budget law to Parliament.
Al-Tamimi said in a press statement, "The necessity requires legislating the budget law, as it relates to people's livelihood and livelihood, and despite the fact that the government is a day-to-day management government that does not have the right to propose a draft budget law, but the higher interest and food security, which is one of the first priorities of the government of daily affairs." They enjoin that."
[rtl]He added that "Article 62 of the Constitution requires the government to submit the final accounts to Parliament before approving the budget," noting that "Article 8 of the Financial Management Law No. 6 of 2019 required the Ministry of Finance and Planning to submit the draft general budget law to the Council of Ministers in early September ( September) of each year. [/rtl]
Al-Tamimi explained that “Article 11 of the Financial Management Law obligated the Council of Ministers, after receiving the budget, to submit it to Parliament after discussing it in mid-October,” noting that “Article 13 of the law said in the event that the general budget law is not approved until December 31 ( December) The Minister of Finance issues instructions for the disbursement of 1/12 of the total expenditures.
And he indicated that "the above law authorized the submission of the final accounts for the previous year and their approval by Parliament in the event of a delay in budget legislation."
Repercussions and impact of the delay
The Iraqi Political Economic Center revealed the repercussions and impact of the delay in approving the 2022 budget on the Iraqi economic situation in general.
The director of the center, Wissam Hadmal Al-Helou, said in a statement, "The economic situation in Iraq suffers from economic problems, and the delay in approving the budget until now due to the political blockage between the political blocs, will negatively affect the life of the Iraqi citizen."
Al-Hilu indicated that "the law of 12/1, which is currently followed by the Iraqi government, is a business conduct only, and is no longer sufficient to manage the Iraqi state's expenditures, because the construction of the 2021 budget was based on the price of a barrel [You must be registered and logged in to see this link.] set at 45 dollars, and today oil prices have reached more than 100 dollars, according to According to the data, prices are on the rise and fluctuations due to the Russian-Ukrainian war."
Al-Helou believed that "the global economic situation requires Iraq to create a new economic mechanism and enact new economic laws in line with the current economic and political events in the world, in order to achieve sound economic security reinforced by governmental economic committees and with the participation of Iraqi private sector institutions and a number of experts and specialists in the economic field." Provided that the committees are real, not formal, ineffective and not influential in the government decision, and the tasks of the committees are to follow up and monitor global markets and economic variables and come up with studied economic proposals that work to alleviate the burdens of the Iraqi citizen.
[You must be registered and logged in to see this link.]
"The current government will not submit the budget law to the House of Representatives and will leave it to the next government."
[size][You must be registered and logged in to see this link.]
Fri April 15 2022 5:05
[You must be registered and logged in to see this image.]
The current government will not submit the budget law to the House of Representatives (AFP)[/size]
The political blockage that [You must be registered and logged in to see this link.] suffers from has caused delays in approving the [You must be registered and logged in to see this link.] , even though the country suffers from many economic problems and that its delay will negatively affect the life of the Iraqi citizen. The political debate continues over the mechanism of sending the budget by the caretaker government to the House of Representatives for approval.
In this regard, the Ministry of Planning announced, Thursday, April 14, 2022, that the current government will not submit the budget law to the House of Representatives.
The technical representative of the ministry, Maher Hammad, told the official agency, "The current government will not submit the budget law to the House of Representatives, but will leave it to the next government." He added that "the emergency support law will deal with food security and projects until the adoption of the new budget."
Authorizing a government to send the budget
The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, announced, on Tuesday, March 12, 2022, that Parliament will vote to authorize the caretaker government to send the budget law to the House.
Al-Zamili stressed that "the emergency food security and development law will not be a substitute for the budget, and it came to a certain stage with the aim of addressing the most prominent emergency cases and issues for the country," noting that "the council will vote on authorizing the caretaker government to send the draft budget law for the current year, as well as laws The task that urgently needs the citizens of the House of Representatives.”
He called on "the Finance Committee to provide the Presidency of the Council with the final version of the draft law after the necessary amendments have matured, so that it is included on the agenda of the nearest session to vote on it as well."
The head of the caretaker government, Mustafa Al-Kazemi, had called on the political forces to work hard to agree on a formula for forming the government, carrying out its duties, working on preparing the 2022 budget, and fulfilling its obligations towards citizens.
Legislation of the budget law
In turn, the legal expert, Ali Al-Tamimi, clarified about the possibility of the caretaker government sending the general budget law to Parliament.
Al-Tamimi said in a press statement, "The necessity requires legislating the budget law, as it relates to people's livelihood and livelihood, and despite the fact that the government is a day-to-day management government that does not have the right to propose a draft budget law, but the higher interest and food security, which is one of the first priorities of the government of daily affairs." They enjoin that."
[rtl]He added that "Article 62 of the Constitution requires the government to submit the final accounts to Parliament before approving the budget," noting that "Article 8 of the Financial Management Law No. 6 of 2019 required the Ministry of Finance and Planning to submit the draft general budget law to the Council of Ministers in early September ( September) of each year. [/rtl]
Al-Tamimi explained that “Article 11 of the Financial Management Law obligated the Council of Ministers, after receiving the budget, to submit it to Parliament after discussing it in mid-October,” noting that “Article 13 of the law said in the event that the general budget law is not approved until December 31 ( December) The Minister of Finance issues instructions for the disbursement of 1/12 of the total expenditures.
And he indicated that "the above law authorized the submission of the final accounts for the previous year and their approval by Parliament in the event of a delay in budget legislation."
Repercussions and impact of the delay
The Iraqi Political Economic Center revealed the repercussions and impact of the delay in approving the 2022 budget on the Iraqi economic situation in general.
The director of the center, Wissam Hadmal Al-Helou, said in a statement, "The economic situation in Iraq suffers from economic problems, and the delay in approving the budget until now due to the political blockage between the political blocs, will negatively affect the life of the Iraqi citizen."
Al-Hilu indicated that "the law of 12/1, which is currently followed by the Iraqi government, is a business conduct only, and is no longer sufficient to manage the Iraqi state's expenditures, because the construction of the 2021 budget was based on the price of a barrel [You must be registered and logged in to see this link.] set at 45 dollars, and today oil prices have reached more than 100 dollars, according to According to the data, prices are on the rise and fluctuations due to the Russian-Ukrainian war."
Al-Helou believed that "the global economic situation requires Iraq to create a new economic mechanism and enact new economic laws in line with the current economic and political events in the world, in order to achieve sound economic security reinforced by governmental economic committees and with the participation of Iraqi private sector institutions and a number of experts and specialists in the economic field." Provided that the committees are real, not formal, ineffective and not influential in the government decision, and the tasks of the committees are to follow up and monitor global markets and economic variables and come up with studied economic proposals that work to alleviate the burdens of the Iraqi citizen.
[You must be registered and logged in to see this link.]
» utube 1/3/24 MM&C-Iraq Dinar News-CBI Gov Monetary Position Excellent-Stop Gov Loans-Private Secto
» Parliamentary Finance: Service projects will not be affected by the delay in the arrival of the 2025
» Tripartite meeting of foreign ministers of Iraq, Syria and Iran begins in Baghdad
» Parliamentary Finance Committee reveals reasons for removing the budget from the agenda
» Al-Alaq receives representatives of the Innovation Center at the Dubai International Financial Cente
» Standard Chartered: Bitcoin could reach $200,000 by the end of 2025
» Including the children of social protection beneficiaries with a 50% discount on evening private stu
» The retirement law returns to the forefront.. preserving experienced people and expectations of “dif
» Al-Maliki: The events in Syria are the beginning of a new project and we must protect Iraq
» Investment Authority and Hanwha Company sign an addendum to the contract for the completion of 70,00
» Through Baghdad.. Washington addresses Tehran about its bases in Syria - Urgent
» Position struggles, foreign interventions 'complicate' formation of Kurdistan government
» Gateway to an expected Israeli attack on Iraq.. Al-Fatah: We will not back down from demanding an en
» Syrian Foreign Minister to Iraqi Counterpart: Current Developments May Pose Serious Threat to Securi
» Parliamentary Finance Committee reveals the most important amendments made to the budget
» Governmental orientation to achieve economic integration and raise market efficiency to attract inve
» Ministry of Finance: Financing of government sectors is done in accordance with the applicable laws
» The Finance Committee submits a proposal to amend the retirement age from 60 to 63 years
» Al-Maliki: The fall of Syria means the violation of the entire region... The state administration ca
» Foreign Ministers of Iraq, Iran and Syria to hold meeting tomorrow in Baghdad
» Al-Sudani explains the reasons for amending the budget and changing the cabinet
» Tomorrow.. The UN Security Council holds a special session on the situation in Iraq
» Al-Julani to Al-Sudani: We do not pose a threat to Iraq and we desire political and economic relatio
» Parliamentary Oil Committee reveals details of hosting SOMO managers and distributing oil products
» Sudan's Foreign Relations Advisor: US Remains Indispensable Partner
» Agriculture announces the imminent launch of subsidized loans for farmers
» Al-Sudani: A dangerous plan aims to spread drugs among students
» About 9 billion dinars.. Transparency website announces Sulaymaniyah and Halabja imports during a we
» After a request from Assad.. Political division in Iraq over military intervention in Syria
» Solving the “Bismaya Stop” Problem with a New Contract... Construction Financing “from the Citizen”
» Iranian Foreign Minister arrives in Baghdad
» Why did Iraq not demand to raise its production quota in OPEC Plus?
» Iraqi and Syrian foreign ministers agree to "avoid repeating previous experiences"
» Tripartite meeting of foreign ministers of Iraq, Syria and Iran begins in Baghdad
» With documents.. Text of the draft amendment to the budget law
» Iraq operates 'atomic cell', nears deal to build nuclear reactor
» Strategic Planning: Ministerial Change Depends on Al-Sudani’s Vision
» Amending the Election Law... a hot issue facing the next legislative session
» Parliamentary Finance Committee considers reconsidering the price of a barrel of oil in the 2025 bud
» In the picture.. The Central Bank records sales of more than $ 295 million in the currency auction
» Rule of Law: Most political forces support the proposal to amend the electoral law
» Prime Minister: Integration between the executive and legislative authorities is the essence of our
» Central Bank Governor: Prime Minister's support accelerated progress of Rafidain Bank restructuring
» Subsidized loans for Iraqi farmers to be launched soon
» Concerning Kurdistan.. Al-Iqtisad News publishes the text of the amendment to an “important paragrap
» (59) thousand tons of various materials were transported by the land fleet during the past month.
» OPEC+ group begins meeting online
» Protecting the digital space.. Challenges of balancing individual security and freedoms
» Parliament declares its full support for Al-Sudani's government
» Work indicates the spread of the phenomenon of child labor
» Investment contracts to develop the agricultural sector
» Infrastructure and Services
» Experts: Iraq has become an attractive environment for investment
» Al-Sudani speaks "angrily" in parliament about "espionage" and describes it as the "lie of the centu
» New parliamentary meeting to study draft amendment to the budget law
» An expanded meeting at the Central Bank to discuss the restructuring of Rafidain Bank
» Al-Sudani: Iraq is one of the first countries in the world in volunteer work
» The crisis continues... no signs of a resolution on the controversial laws
» Parliamentary Finance: Satisfaction and optimism about the government program’s achievement rate
» Apart from Halbousi, Al-Siyada reveals the imminent announcement of the formation of a new political
» Parliamentary comment after hosting Al-Sudani in Parliament
» After regional tour.. Iranian Foreign Minister visits Iraq on Friday
» What is the possibility of the success of the State Administration Coalition's call to hold an inter
» Al-Sudani explains to Parliament the reasons for amending the Federal Budget Law
» Observers assess Al-Sudani’s “secret” parliamentary session: Important and came at a dangerous time
» Call for comprehensive reform of the banking system in Iraq on the occasion of the International Ban
» Parliamentary and Federal Integrity Discuss Mechanisms for Combating Corruption and Recovering Smugg
» Minister of Planning: The government is working to count Iraqis abroad
» Al-Sudani: The importance of amending the budget to address the issue of marketing oil from the Kurd
» House of Representatives discusses amending the federal budget
» Bitcoin exceeds $100,000 for the first time in its history
» Iraq tops list of countries in number of universities ranked by Times Higher Education Arab Universi
» Government acknowledges the spread of child labor in Iraq
» Dollar exchange rates in Iraq this morning, Thursday
» Al-Samarrai calls for supporting the liberated areas and praises the government’s efforts in the reg
» Why does Iraq import large quantities of gold?
» utube 1/2/24 Huge Event Coming: Currency Auction EndingRV/RI by Christmas?Dinar RV Updates [IQD Re
» utube 12/1/24 MM&C MM&C-Iraq Dinar News-Non-Oil Revenue-$62 Billion Investment-Halt Credit Activit
» The Minister of Labor announces the launch of the (My Protection Plus) application to submit the ann
» With Document.. Parliamentary Finance Committee Submits Retirement Age Amendment to First Reading
» Basra demands government for its revenues from ports and petrodollars
» About $280 million.. The Central Bank of Iraq’s foreign sales rise
» Al-Sudani and his ministers in a "secret" session in Parliament
» Parliamentary Finance Moves to Amend Retirement Age in Iraq
» Iraq officially signs a memorandum of understanding with Vodafone International to operate "5G"
» Bitcoin stabilizes near historic level, markets await Trump's moves
» Today.. Al-Sudani under the dome of Parliament to discuss these files
» Azerbaijan counts the value of trade exchange with Iraq and confirms its interest in these areas
» Al-Sudani in Parliament.. The economic file is on the agenda and the numbers "highlight" the reality
» Banks are the most traded sector in the Iraqi market in terms of value.
» Specialized Center for Combating Intellectual Terrorism
» The Council of Ministers takes a package of important decisions
» Coordination between electricity and oil to compensate for the shortage of Iranian gas
» Wasit Industrial City to be handed over to Turkish company
» Solving the problems of the private sector in Kirkuk
» Next year.. Establishment of the National Register of Missing Persons
» Transportation: Construction of a railway around Baghdad by 2025
» Alia Nassif demands the dismissal of the Iraqi ambassador to Kuwait and holding him accountable for