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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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    Parliament hopes that the budget will arrive this week: its deficit is 10 trillion dinars

    rocky
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    Parliament hopes that the budget will arrive this week: its deficit is 10 trillion dinars Empty Parliament hopes that the budget will arrive this week: its deficit is 10 trillion dinars

    Post by rocky Mon 05 Dec 2022, 6:02 am

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    [size=52]Parliament hopes that the budget will arrive this week: its deficit is 10 trillion dinars[/size]

    [size=45]Baghdad / Firas Adnan[/size]
    [size=45]The Finance Committee in Parliament still hopes that the budget law will arrive before the legislative recess that begins next Friday, and stressed that its approval will need a discussion that exceeds a month in a few days, relying on the political agreements under which the government was formed, estimating the financial deficit in it at 10 trillion dinars.[/size]
    [size=45]Committee member Mueen Al-Kazemi said, "The Ministry of Finance is responsible for preparing the draft budget law from the operational side, while the Ministry of Planning is responsible for the investment side."[/size]
    [size=45]Al-Kazemi, a representative of the Al-Fateh Alliance, continued, "The projects prepared by the Ministry of Planning include ongoing, new, and lag projects."[/size]
    [size=45]He pointed out, "A review took place a few days ago for the project, in the presence of representatives of the relevant ministries and the General Secretariat of the Council of Ministers."[/size]
    [size=45]Al-Kadhimi expects that “the coming days will witness the presentation of the project in the Council of Ministers in order to transfer it to the House of Representatives,” and it is not excluded that “this will happen before the end of this week, which is the last in the current legislative season.”[/size]
    [size=45]And he reported, “The arrival of the law during the current week will prompt Parliament to cancel its recess and postpone it until the budget legislation is completed in all stages, which include the first and second reading and voting.”[/size]
    [size=45]And Al-Kazemi believes, "The possibility of some discussions and divergence of views on the law, but we will eventually reach approval so that the budget takes its way to implementation as soon as possible."[/size]
    [size=45]And he stated, "The weightings indicate that the amounts of the law will reach 130 trillion dinars, and we are keen to have a role for the government in reducing unnecessary spending and seriously thinking about non-oil revenues such as taxes and customs."[/size]
    [size=45]Al-Kadhimi spoke of "an effort to reduce the fiscal deficit, which is expected to reach 10 trillion dinars."[/size]
    [size=45]And he stressed, "A large part of the allocations will go to securing salaries for the next year, to allocate a significant amount of about 6 trillion dinars for social care."[/size]
    [size=45]Al-Kazemi stressed, "The importance of Parliament taking into account the ministerial platform that it voted on when granting confidence to the government of Muhammad Shia'a al-Sudani, especially in terms of advancing the agricultural, health and infrastructure sectors, and supporting the economic and development reality."[/size]
    [size=45]He noted, "Parliament will review the draft that it will receive from the government and hold discussions with some important ministries and sectors to come up with an important conviction before approving the budget."[/size]
    [size=45]Al-Kadhimi expresses his "hope that the law will be finalized at the beginning of next year, in order to give a role to ministries and institutions with serious work."[/size]
    [size=45]And he went on to say that “the delay in the budget in previous sessions had a negative impact on the executive performance, especially with regard to the implementation of service projects that topped the Sudanese ministerial curriculum.”[/size]
    [size=45]Al-Kazemi pointed out, "The political consensus between the blocs will encourage the speedy approval of the budget in parliament, in a way that prevents large differences, especially regarding the allocations of the Kurdistan region or the provinces."[/size]
    [size=45]It is estimated, "The period needed by the House of Representatives in order to approve the budget after its arrival from the government by more than a month in a few days, and the political consensus will play a positive role in this matter."[/size]
    [size=45]Al-Kadhimi concluded, "Parliament hopes that there will be a serious investment of the financial abundance that resulted from the rise in oil prices, by employing it in the appropriate fields."[/size]
    [size=45]For his part, another member of the committee, Mustafa Al-Karawi, stated that “the House of Representatives has not received, until now, the budget law from the government.”[/size]
    [size=45]Al-Karawi, a representative of the Ishraqa Canon bloc, continued, "Everything that is raised about amounts of revenue, expenditures, or deficits are just leaks that are not official."[/size]
    [size=45]He pointed out, "The Parliamentary Finance Committee hopes that the law will arrive before the end of this week, which witnesses the end of the current legislative term."[/size]
    [size=45]Al-Karawi explained, "The budget is an issue related to all the lives of citizens, as there are many categories waiting for it, such as holders of higher degrees, contract employees, and first graduates."[/size]
    [size=45]And Al-Karawi concluded, “If Parliament does not receive the budget before the eighth day of this month, it will enter a legislative recess that extends to 30 days, after which it will resume its work.”[/size]
    [size=45]The Prime Minister, Muhammad Shia' al-Sudani, had chaired a meeting a few days ago on the budget, and instructed to expedite its submission in order to refer it to Parliament.[/size]
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