POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]
[size=52]Parliamentary Finance discusses a budget without schedules and recommends reducing expenditures[/size]
[size=45]Baghdad / Firas Adnan[/size]
[size=45]Although about two weeks have passed since the government sent the budget, it is still in the office of Parliament Speaker Muhammad al-Halbousi, while the Finance Committee is conducting preliminary discussions on a draft devoid of schedules, recording some observations, most of which revolve around increasing operational amounts, with fears of not being able to cover the deficit. For the next two years, due to the depletion of funds retained.[/size]
[size=45]The Council of Ministers announced on the thirteenth of this month that it would vote on the budget bill for three years and send it to parliament.[/size]
[size=45]A member of the committee, Representative Mueen Al-Kazemi, said, “The budget arrived in Parliament more than ten days ago, but it has not been officially transferred from the Presidency to the Finance Committee, meaning that it is still in the office of Parliament Speaker Muhammad al-Halbousi.”[/size]
[size=45]And Al-Kazemi added, “During the past days, the Finance Committee held preliminary deliberative sessions regarding the budget, because the draft we have does not contain tables.”[/size]
[size=45]He pointed out, “This draft shows that the budget amounts to 199 trillion dinars, 150 trillion dinars of which go to the operational side, and the rest towards the investment side, which includes projects that institutions and governorates have, whether they are lagging or new ones.”[/size]
[size=45]And Al-Kadhimi stated, “The details of the budget were based on the price of $70 per barrel of oil, and made the value of the dollar 1,300 dinars.”[/size]
[size=45]And he talked about “preliminary observations with the Finance Committee on the draft, as it relies on the three-year system for 2023, 2024 and 2025, and this is something permitted by Federal Financial Management Law No. (6) of 2019 as amended.”[/size]
[size=45]Al-Kazemi stressed, “The need to review the government draft seriously and quickly and approve it within the appropriate opportunity, and this is what we seek in the Finance Committee, in coordination with the supporting committees and parliamentary blocs.”[/size]
[size=45]He explained, "Many matters related to the budget are due to the political consensus between the blocs, especially the coalition within the state administration coalition, and this includes the operational and investment aspects."[/size]
[size=45]Al-Kazemi spoke about "a basic and important point that the amount of the deficit, which amounts to 64 trillion dinars, is very large and will be repeated for three consecutive years."[/size]
[size=45]And he finds, “The deficit for this year will be covered through the previous financial abundance amounting to 23 trillion and deducting transfers to the treasury of the Central Bank, which are 23 trillion dinars, 5 trillion of national bonds, 3 trillion of loans from the Rashid, Mesopotamian and Commerce banks, with 10 trillion taken in the form of loans from foreign banks”.[/size]
[size=45]Al-Kazemi asked, "How to cover the deficit for the next two years, in light of the current resources?"[/size]
[size=45]And he stated, "The details that cover the deficit for the current year cannot be repeated in the same way, because we will lose the amounts transferred."[/size]
[size=45]Al-Kazemi believed, "This is a real problem that requires finding a clear solution to it, to prevent a financial vacuum in the state treasury."[/size]
[size=45]And he stressed, "Our efforts will focus on reconsidering the amount of the deficit by reviewing the amounts of the operational side of the budget."[/size]
[size=45]Al-Kadhimi noted that “parliamentary blocs support the investment budget, whatever it takes, or increase its amounts; Because we want to implement service projects for hospitals, schools, electricity and other vital aspects that were included in the ministerial curriculum voted on in Parliament when confidence was given to the government of Muhammad Shia’ al-Sudani.[/size]
[size=45]And he added, "The Iraqi constitution stipulates that parliament will continue its work during the season in which the budget arrives from the government, and therefore we will not enjoy any legislative recess, no matter how long the discussions are, until after the approval of this law."[/size]
[size=45]And Al-Kazemi concluded, “The budget, as I think it will take discussion on it for a period of time ranging from 30 to 45 days, with the hope that it will be implemented by a date no later than next May.”[/size]
[size=45]For his part, another member of the committee, Representative Jamal Cougar, stated that “the party that controls parliament and has the majority is the one that prepared the draft budget law.”[/size]
[size=45]And Cougar continued, “The discussions on the law based on this preponderance in Parliament will not take long and will not be delayed by political differences, given that all of them have been settled in the Council of Ministers.”[/size]
[size=45]He pointed out, "The Finance Committee will receive the project as soon as the first reading of it is completed in Parliament."[/size]
[size=45]Cougar confirmed, “Parliament has not initiated this reading until now, despite the passage of more than ten days since the arrival of the government draft.”[/size]
[size=45]And he goes on to say, “The constitution authorizes Parliament to have two competences when conducting the discussion on the budget law, which is to reduce the amounts that were mentioned in the government project or transfer between chapters, and if he wants to increase, then this will be necessary and based on the approval of the Council of Ministers,” ruling out “resorting to increasing the amounts because we will We are increasing the financial deficit gap, and this is an incorrect measure.”[/size]
[size=45]And Cougar concluded, “The political forces must be aware of the seriousness of the situation and speed up the approval of the budget, because the Iraqi street is waiting for many projects that cannot be proceeded with without financial allocations.”[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]Parliamentary Finance discusses a budget without schedules and recommends reducing expenditures[/size]
[size=45]Baghdad / Firas Adnan[/size]
[size=45]Although about two weeks have passed since the government sent the budget, it is still in the office of Parliament Speaker Muhammad al-Halbousi, while the Finance Committee is conducting preliminary discussions on a draft devoid of schedules, recording some observations, most of which revolve around increasing operational amounts, with fears of not being able to cover the deficit. For the next two years, due to the depletion of funds retained.[/size]
[size=45]The Council of Ministers announced on the thirteenth of this month that it would vote on the budget bill for three years and send it to parliament.[/size]
[size=45]A member of the committee, Representative Mueen Al-Kazemi, said, “The budget arrived in Parliament more than ten days ago, but it has not been officially transferred from the Presidency to the Finance Committee, meaning that it is still in the office of Parliament Speaker Muhammad al-Halbousi.”[/size]
[size=45]And Al-Kazemi added, “During the past days, the Finance Committee held preliminary deliberative sessions regarding the budget, because the draft we have does not contain tables.”[/size]
[size=45]He pointed out, “This draft shows that the budget amounts to 199 trillion dinars, 150 trillion dinars of which go to the operational side, and the rest towards the investment side, which includes projects that institutions and governorates have, whether they are lagging or new ones.”[/size]
[size=45]And Al-Kadhimi stated, “The details of the budget were based on the price of $70 per barrel of oil, and made the value of the dollar 1,300 dinars.”[/size]
[size=45]And he talked about “preliminary observations with the Finance Committee on the draft, as it relies on the three-year system for 2023, 2024 and 2025, and this is something permitted by Federal Financial Management Law No. (6) of 2019 as amended.”[/size]
[size=45]Al-Kazemi stressed, “The need to review the government draft seriously and quickly and approve it within the appropriate opportunity, and this is what we seek in the Finance Committee, in coordination with the supporting committees and parliamentary blocs.”[/size]
[size=45]He explained, "Many matters related to the budget are due to the political consensus between the blocs, especially the coalition within the state administration coalition, and this includes the operational and investment aspects."[/size]
[size=45]Al-Kazemi spoke about "a basic and important point that the amount of the deficit, which amounts to 64 trillion dinars, is very large and will be repeated for three consecutive years."[/size]
[size=45]And he finds, “The deficit for this year will be covered through the previous financial abundance amounting to 23 trillion and deducting transfers to the treasury of the Central Bank, which are 23 trillion dinars, 5 trillion of national bonds, 3 trillion of loans from the Rashid, Mesopotamian and Commerce banks, with 10 trillion taken in the form of loans from foreign banks”.[/size]
[size=45]Al-Kazemi asked, "How to cover the deficit for the next two years, in light of the current resources?"[/size]
[size=45]And he stated, "The details that cover the deficit for the current year cannot be repeated in the same way, because we will lose the amounts transferred."[/size]
[size=45]Al-Kazemi believed, "This is a real problem that requires finding a clear solution to it, to prevent a financial vacuum in the state treasury."[/size]
[size=45]And he stressed, "Our efforts will focus on reconsidering the amount of the deficit by reviewing the amounts of the operational side of the budget."[/size]
[size=45]Al-Kadhimi noted that “parliamentary blocs support the investment budget, whatever it takes, or increase its amounts; Because we want to implement service projects for hospitals, schools, electricity and other vital aspects that were included in the ministerial curriculum voted on in Parliament when confidence was given to the government of Muhammad Shia’ al-Sudani.[/size]
[size=45]And he added, "The Iraqi constitution stipulates that parliament will continue its work during the season in which the budget arrives from the government, and therefore we will not enjoy any legislative recess, no matter how long the discussions are, until after the approval of this law."[/size]
[size=45]And Al-Kazemi concluded, “The budget, as I think it will take discussion on it for a period of time ranging from 30 to 45 days, with the hope that it will be implemented by a date no later than next May.”[/size]
[size=45]For his part, another member of the committee, Representative Jamal Cougar, stated that “the party that controls parliament and has the majority is the one that prepared the draft budget law.”[/size]
[size=45]And Cougar continued, “The discussions on the law based on this preponderance in Parliament will not take long and will not be delayed by political differences, given that all of them have been settled in the Council of Ministers.”[/size]
[size=45]He pointed out, "The Finance Committee will receive the project as soon as the first reading of it is completed in Parliament."[/size]
[size=45]Cougar confirmed, “Parliament has not initiated this reading until now, despite the passage of more than ten days since the arrival of the government draft.”[/size]
[size=45]And he goes on to say, “The constitution authorizes Parliament to have two competences when conducting the discussion on the budget law, which is to reduce the amounts that were mentioned in the government project or transfer between chapters, and if he wants to increase, then this will be necessary and based on the approval of the Council of Ministers,” ruling out “resorting to increasing the amounts because we will We are increasing the financial deficit gap, and this is an incorrect measure.”[/size]
[size=45]And Cougar concluded, “The political forces must be aware of the seriousness of the situation and speed up the approval of the budget, because the Iraqi street is waiting for many projects that cannot be proceeded with without financial allocations.”[/size]
[size=45][You must be registered and logged in to see this link.]
Today at 5:16 am by Rocky
» Al-Badran: The reason for postponing the Basra Council session is to give members sufficient time to
Today at 5:14 am by Rocky
» The Contractors Registration and Classification Committee at the Ministry of Planning completed more
Today at 5:13 am by Rocky
» Parliamentary Foreign Affairs: We discussed these files with the Romanian Senate
Today at 5:12 am by Rocky
» Baghdad Investment Authority to / Nina /: We will adopt future programming to implement projects and
Today at 5:10 am by Rocky
» Their arms are "electronic flies"... Personalities who lost their positions seek to stir up strife b
Today at 5:08 am by Rocky
» Decrease in dollar exchange rates in morning trading in Baghdad markets
Today at 5:06 am by Rocky
» An international organization: Plans to enhance the livelihood of affected displaced and returning f
Today at 5:04 am by Rocky
» Dozens of factories are halted... Industry: We went into partnership with the private sector to rest
Today at 5:03 am by Rocky
» The Iraqi Communist criticizes the decision to abolish the Kurdistan Parliament quota: positive disc
Today at 5:01 am by Rocky
» Al-Sudani confirms Iraq's aspiration for the participation of Azerbaijani companies in construction
Today at 5:00 am by Rocky
» An initiative by the President of the Republic to solve the problem of the region’s salaries
Today at 4:59 am by Rocky
» The Kurdistan government complains about Baghdad’s finances: It is ready to pay 59% of the salaries
Today at 4:58 am by Rocky
» Al-Khanjar: The Democratic boycott of the elections puts the future of Iraq in danger
Today at 4:55 am by Rocky
» Iraq is ranked seventh in the Arab world and 33rd globally in the misery index
Today at 4:54 am by Rocky
» Trade announces the achievement of self-sufficiency in ration card materials
Today at 4:52 am by Rocky
» Finance releases funding for state employees’ salaries for the month of March
Today at 4:51 am by Rocky
» Elon Musk: 20 seats won by Biden and his party with the votes of “illegal immigrants”
Today at 4:50 am by Rocky
» A "paradigm shift" awaits the regions of the belt and outskirts of Baghdad
Today at 4:47 am by Rocky
» “Speicher and Malwiya Fund”..Parliamentary Finance talks about “illegal fees” in state departments
Today at 4:46 am by Rocky
» Government admission of the failure of the meter campaign: Generators’ compliance is “almost non-exi
Today at 4:44 am by Rocky
» Iraq is proceeding with the zero nuclear reactor project.. Find out its details
Today at 4:42 am by Rocky
» The decision to “reduce exports”... “unplanned” production for Kurdistan will cost Baghdad half a bi
Today at 4:41 am by Rocky
» The powers of Kurdistan.. The Federal Court confirms its commitment to what was agreed upon by the “
Today at 4:39 am by Rocky
» Launching funding for state employees’ salaries for the month of March
Today at 4:38 am by Rocky
» Iraq and Syria top the "least safe" Arab countries
Yesterday at 7:23 am by Rocky
» Governor of Baghdad: 20 projects will be included during the current year in the city of Nahrawan
Yesterday at 7:20 am by Rocky
» More than $242 million in central bank sales today
Yesterday at 7:17 am by Rocky
» Advisor: Sudanese is determined to close the displacement file
Yesterday at 7:14 am by Rocky
» Al-Sudani: The implementation of the 2023 budget witnessed a success that must be invested in
Yesterday at 7:13 am by Rocky
» The Baghdad Council will decide on the nomination of the committees in the coming days
Yesterday at 7:10 am by Rocky
» Al-Samarrai: The Sunni community is not in favor of removing American forces
Yesterday at 7:08 am by Rocky
» A warning from Al-Rasheed to those wishing to apply for advances and loans
Yesterday at 7:06 am by Rocky
» Azerbaijan expresses its desire to participate in the implementation of joint projects in the oil an
Yesterday at 7:05 am by Rocky
» Fuel cards arouse citizens' discontent
Yesterday at 7:03 am by Rocky
» utube 3/18/24 MM&C Iraqi Dinar-- IQD-- Dinar Update -100% Electronic - Real Effective Exchange Rat
Yesterday at 5:21 am by Rocky
» utube MM&C 3/16/24 0:05 / 18:16 Iraq Federal Court Brings - Strength to Financial - Politic
Yesterday at 5:18 am by Rocky
» MM&C 3/18/24 Sudanese Advisor: Iraq will leave government monetary dealing in mid-2024
Yesterday at 5:17 am by Rocky
» A delegation from the Kurdistan government visits Baghdad to discuss the issue of localization of sa
Yesterday at 5:11 am by Rocky
» Director of the Central Oil Company: We are keen to provide the appropriate investment environment
Yesterday at 5:10 am by Rocky
» The Energy Parliament calls for reporting generators violating government pricing
Yesterday at 5:08 am by Rocky
» A representative reveals the fate of the laws of “previous sessions”
Yesterday at 5:07 am by Rocky
» Politician: Coordination holds the keys to resolving the “Parliament Presidency” conflict
Yesterday at 5:05 am by Rocky
» Al-Sudani: Iraq wants to carry out its peaceful activity in the field of atomic energy
Yesterday at 5:04 am by Rocky
» Including a minister and a parliamentarian... 38 arrest and recruitment orders were issued against t
Yesterday at 5:02 am by Rocky
» Integrity: Citizens’ cooperation resulted in detecting inflation and returning state funds
Yesterday at 5:01 am by Rocky
» Agriculture presents 97 projects to the Ministerial Council for the Economy
Yesterday at 4:59 am by Rocky
» Al-Sudani: We succeeded in implementing the 2023 budget, and we must continue to complete economic p
Yesterday at 4:58 am by Rocky
» Labor adopts new mechanisms to reduce the phenomenon of begging
Yesterday at 4:57 am by Rocky
» Electronically.. directing the collection of fees tomorrow in an Iraqi governorate
Yesterday at 4:56 am by Rocky
» Held in Brussels.. Iraq receives an official invitation to attend the Nuclear Energy Summit
Yesterday at 4:55 am by Rocky
» Kurdistan has been paralyzed. There has been no liquidity in hand for 50 days, and the truth has bee
Yesterday at 4:53 am by Rocky
» The dollar continues to decline against the Iraqi dinar on the stock exchange and exchange offices
Yesterday at 4:52 am by Rocky
» The Minister of Oil reveals the reasons for Shell’s withdrawal from Nebras: It will be divided into
Yesterday at 4:51 am by Rocky
» The Housing Fund advises loan applicants and launches a link for inquiries
Yesterday at 4:50 am by Rocky
» He stressed that the government’s vision is to make one class not exceed 25 students...Government me
Yesterday at 4:48 am by Rocky
» Al-Hakim and Al-Halbousi stress the importance of choosing a speaker for Parliament in accordance wi
Yesterday at 4:47 am by Rocky
» Iron and Steel Company: Iraq is on the verge of a major industrial revolution
Yesterday at 4:46 am by Rocky
» Economists: Citizens still prefer cash transactions over electronic transactions
Yesterday at 4:45 am by Rocky
» The compass of Iraq's foreign policy in a world of turbulent polarization
Yesterday at 4:43 am by Rocky
» Parliamentary Finance: The federal budget is in the corridors of the Council of Ministers, and there
Yesterday at 4:42 am by Rocky
» Integrity calls on citizens to report the inflation of funds in the sector of the Ministry of Labor
Yesterday at 4:40 am by Rocky
» Al-Sudani directs the launch of initiatives for young businessmen and investors
Yesterday at 4:38 am by Rocky
» Representative agriculture emphasizes taking supportive measures for the local product
Yesterday at 4:37 am by Rocky
» An economist calls on the government to support and stimulate the private sector
Yesterday at 4:36 am by Rocky
» Al-Ittihad: Employees and retirees in Kurdistan paid the price of political differences with Baghdad
Yesterday at 4:34 am by Rocky
» Al-Samarrai and Al-Hakim discuss the importance of achieving political and constitutional entitlemen
Yesterday at 4:32 am by Rocky
» Only 23 million dunums. Iraq exploits approximately 50% of its arable land
Yesterday at 4:30 am by Rocky
» Türkiye considers it a political issue.. Where have the negotiations reached regarding Iraq’s water
Yesterday at 4:29 am by Rocky
» Sudanese receives an invitation to attend the Nuclear Energy Summit in Brussels - Urgent
Yesterday at 4:27 am by Rocky
» Central Bank sales exceed $240 million today
Sun 17 Mar 2024, 6:52 am by Rocky
» Parliamentary Finance calls on the government to expedite sending the 2024 budget to Parliament
Sun 17 Mar 2024, 6:47 am by Rocky
» ‘We’re So Sick of It’: Northern Border Crisis Gets Worse
Sun 17 Mar 2024, 6:35 am by Bama Diva
» A representative holds Kurdistan responsible for the faltering legislation of the oil and gas law
Sun 17 Mar 2024, 5:27 am by Rocky
» Warnings of the danger of the increase in foreign labor in Iraq
Sun 17 Mar 2024, 5:26 am by Rocky
» Iraq's oil exports to America decreased within a week
Sun 17 Mar 2024, 5:25 am by Rocky
» Al-Sudani chairs an “important” meeting to form the Kirkuk government
Sun 17 Mar 2024, 5:23 am by Rocky
» Investment confirms the adoption of a new method in new residential cities and explains its details
Sun 17 Mar 2024, 5:21 am by Rocky
» For the first time in 2024.. exchange rates fall to the threshold of 149 thousand in Baghdad
Sun 17 Mar 2024, 5:19 am by Rocky
» Including gold.. An increase in exports of 3 Turkish products to Iraq during 2024
Sun 17 Mar 2024, 5:18 am by Rocky
» A detailed integrity report regarding the Housing Fund... called for this matter
Sun 17 Mar 2024, 5:17 am by Rocky
» Resources count the number of trespassers in Baghdad.. What about restaurants?
Sun 17 Mar 2024, 5:16 am by Rocky
» At a cost of approximately two billion dinars... determining the completion rates achieved in the Ma
Sun 17 Mar 2024, 5:15 am by Rocky
» Parliament awaits the “Cabinet of Ministers” law
Sun 17 Mar 2024, 5:14 am by Rocky
» Provincial councils return after an absence with a heavy legacy
Sun 17 Mar 2024, 5:13 am by Rocky
» Iraq is the axis and meeting point of East and West
Sun 17 Mar 2024, 5:11 am by Rocky
» One million beneficiaries of health insurance early next May
Sun 17 Mar 2024, 5:10 am by Rocky
» Parliamentary Finance: Delaying the budget had a negative impact on the performance of the ministrie
Sun 17 Mar 2024, 5:09 am by Rocky
» The chaos of urban expansion threatens the agricultural character of Diwaniyah
Sun 17 Mar 2024, 5:08 am by Rocky
» A project to plant Japanese trees in Erbil
Sun 17 Mar 2024, 5:07 am by Rocky
» A team to prepare the national strategy for national security in Kirkuk
Sun 17 Mar 2024, 5:06 am by Rocky
» Next Tuesday...concluding a contract to expand the basic design of the city of Mosul
Sun 17 Mar 2024, 5:04 am by Rocky
» A festival to reduce food prices in Mosul
Sun 17 Mar 2024, 5:03 am by Rocky
» Technical committees between Baghdad and Erbil to resume oil exports through Türkiye
Sun 17 Mar 2024, 5:02 am by Rocky
» A model of economic diversification
Sun 17 Mar 2024, 5:01 am by Rocky
» Variation in the extent to which Iraq was affected by the decision to reduce the credit rating of {T
Sun 17 Mar 2024, 5:00 am by Rocky
» Al-Sudani: Iraq has made a commitment to receive the entire security file from the Ministry of Inter
Sun 17 Mar 2024, 4:58 am by Rocky
» The President of the Republic stresses the important role of Mr. Abdul Aziz Al-Hakim in the first st
Sun 17 Mar 2024, 4:56 am by Rocky
» The Iraqi Center for Combating Rumors warns against social media celebrities misleading their follow
Sun 17 Mar 2024, 4:54 am by Rocky