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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 winds of the budget disperse between financial crises and policy differences.. Its approval is u

    Rocky
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    • Post n°1

    The winds of the budget disperse between financial crises and policy differences.. Its approval is u Empty The winds of the budget disperse between financial crises and policy differences.. Its approval is u

    Post by Rocky Sat 11 Mar 2023, 11:19 am

    [size=52]The winds of the budget disperse between financial crises and policy differences.. Its approval is unknown![/size]
    • Today 19:25




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    Information / special.
    Many promises, different timings, and an unknown fate. This is the case of the financial budget law for the year 2023, which has become the talk of the Iraqi street for nearly five months, that is, since the establishment of the current government headed by Muhammad Shiaa al-Sudani.
    On October 27 of last year, the House of Representatives voted on the cabinet of Muhammad Shia'a al-Sudani, and the latter took over the reins through government approaches, which included the most prominent paragraph of it approving the financial budget as soon as possible, especially since the two-year article was hidden from view during the previous government.
    Many reasons, including political and economic ones, worked in one way or another to delay sending the budget to Parliament for a vote on it. Since the beginning of December 2022, promises were made and opinions differed regarding the real date for sending the budget.
    Member of Parliament, Muhammad Saadoun Al-Sudani, revealed the latest developments in the financial budget law for the year 2023 and the date of its dispatch, while stressing that Parliament will determine the final share of the Kurdistan region.
    Al-Sudani said in an interview with the information agency, "Sending the financial budget law to the House of Representatives could take place before the end of this month," stressing that "most of the contentious points in the Qom budget have been overcome. "
    And he shows, "The last file represented the relationship between the region and the center, and it was agreed on a final formula regarding the region's share of the budget," noting, "We are waiting for the law to be sent to parliament during these days.”
    And the member of the House of Representatives explains that, "The region's share is set by the government, but the final word will be for the House of Representatives, which is approved, whether it is 14 or 12 percent," pointing out that " Parliament is the one who determines the final percentage that will commensurate with the region's entitlements.
     As for the paragraphs of interest to the Iraqi people, such as appointments and salary scales, Al-Sudanese affirms: "We are waiting for the budget to come and hope to include these articles, because of their importance to the Iraqi people."
    Regionshare
    The delay in sending the draft law from the government to the parliament dome must hide many reasons behind it. The permanent dilemma has always been during approving budgets since 2003 until now, which is represented by the share of Kurdistan.
    For his part, the representative of the Al-Fatah Alliance, Karim Aliwi, confirmed that the insistence of the Kurdistan region on giving him 14% of the budget will meet with widespread parliamentary rejection in the dome of parliament.
    Aliwi states, in a statement to Al-Maalouma Agency, that "the region's share of the general budget for the fiscal year 2023 is contingent on understandings and dialogues between Baghdad and Erbil to reach a solution before a decision is made by the government and Parliament .”
    He points out, "The Kurdistan region is required to make several commitments with the central government in Baghdad, including oil revenues, money for border crossings, and others."
    Aliwi asserts, "The regional government's insistence on 14% of the general budget will meet with widespread rejection within the House of Representatives when voting on the current year's budget."
    * Economic reasons 
    Apart from politics and its countless crises, economic reasons also had their share of postponing sending the budget to parliament.
    As a result, the economist, Nabil Al-Ali, identified eight economic reasons behind postponing sending the budget and voting on it inside the parliament.
    Al-Ali confirms, in an interview with Al-Maalouma, that "the budget is delayed week after week due to many procedures that it needs, or to make the necessary amendments to it."
    He added, "Among these reasons are those related to large projects, salaries of state employees, the exchange rate, and new financial budgets for several ministries, such as trade."
    He refers to "development projects, private projects issued by the government, the sovereign fund, as well as Chinese loan projects," pointing out that "all these reasons cause delays in sending the budget and voting on it inside the parliament dome."
    The political and popular forces are awaiting the date for the 2023 budget bill to reach Parliament for a vote on it amid many disagreements over the share of the Kurdistan region, and my people hope that it will include appointments and amend the salary scale for the state employees. Ended / 25r
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