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 denies returning the budget to the government: We will present it to a vote this month[/size]
[size=45]Baghdad / Firas Adnan[/size]
[size=45]The Parliamentary Finance Committee denied its intention to return the budget to the government, confirming the vote on it during the current month, pointing out that the drop in oil prices raises fears of an increase in the deficit rates and its transformation from planned to real, stressing that the provinces have spent only 10% of the allocations for the development of regions contained in Emergency Support for Food Security and Development Law No. (2) of 2022, which was approved by Parliament last year.[/size]
[size=45]The day before yesterday, the committee hosted the Minister of Finance, Taif Sami, for the second time to discuss the ministry's budget, and the possibility of making transfers of amounts to ensure reducing spending and increasing revenues that supply the state treasury, as well as developing an appropriate strategy on the ministry's mechanism with regard to spending units.[/size]
[size=45]Some social media circulated the return of political differences over the budget law, which was the reason for delaying its submission to a vote.[/size]
[size=45]However, member of the Finance Committee, Representative Jamal Cougar, said, “The talk that some people are circulating about the existence of obstacles to presenting the budget law to a vote is an incorrect claim.”[/size]
[size=45]And Cougar continued, “The second reading of the government project includes a number of stages, the first of which is listening to the opinions of deputies, and this was done in three consecutive sessions that were open.”[/size]
[size=45]And he pointed out, “The second stage is by holding hosting sessions with ministers, governors, and officials of public spending units, and we are continuing to do so according to an intensive schedule that starts daily from ten in the morning until seven in the evening, and then starts at nine in the evening until twelve after midnight.”[/size]
[size=45]And Cougar stated, “The third stage begins with the formulation of the budget, and we have divided the committee into two teams, the first conducting hosting and studying schedules to conduct transfers, and the second to reformulate the materials sent by the government within the draft budget.”[/size]
[size=45]He denied, “There are obstacles or disagreements, but there are continuous and extensive discussions, and we hope to complete them as soon as possible,” stressing that “Parliament has no intention of returning the law to the government in order to draft it in accordance with the proposed amendments.”[/size]
[size=45]Cougar explained, “The budget will be approved definitively during this month, but it is not possible to set a fixed date for presenting the project to a vote or ending discussions on its texts within the Finance Committee.”[/size]
[size=45]And he indicated, “The session of the three presidencies with the political leaders of the State Administration coalition, held last week, had ended with setting the tenth of this month (the day after tomorrow) to complete the discussions on the budget.”[/size]
[size=45]Cougar added, "This date is very close and cannot be adhered to, because the current budget differs from its predecessors in three aspects."[/size]
[size=45]And he continues, “The first aspect is that this budget is the highest that reached the House of Representatives after 2003, with an amount of up to 200 trillion dinars.”[/size]
[size=45]And Cougar goes on, that the second aspect is the large deficit in the law estimated at more than 64 trillion dinars, and fears that this deficit will turn from planned to real under the weight of the drop in oil prices, as the barrel reached 72 dollars.[/size]
[size=45]And he added, “The draft budget came at a price of $70 per barrel, and we need a difference between 7 and 10 dollars.”[/size]
[size=45]And Cougar stated, “The Ministry of Oil informed us that it suggested that the price of a barrel be $65,” and he believed that “this large deficit, with the decrease in the price of a barrel of oil, will burden the budget and put it in front of a great responsibility.”[/size]
[size=45]And he continues, “The last budget approved by the House of Representatives was for the fiscal year 2021, with amounts of 164 trillion dinars, and the discussion on it continued for 45 days, while we are facing a budget higher than that, and therefore it needs more time to complete the discussions and final formulation.”[/size]
[size=45]And Cougar went on, that “the third new aspect of the budget is its status for three years, and this means that it will be exposed to any error or unfairness that will continue throughout the period allotted to it.”[/size]
[size=45]For his part, another committee member, Khalil Al-Dosky, stated that “the Finance Committee has held meetings with most ministries, and it is continuing this activity in order to prepare final formulations that include holding discussions to achieve fairness in the distribution of allocations.”[/size]
[size=45]Al-Dosky added, “Public spending units, whether federal or in the regions and governorates, cannot be convinced of their financial share in the budget and demand an increase in it.”[/size]
[size=45]And he pointed out, “The meetings showed that everyone is calling for an increase in his allocations, but the Finance Committee looks at the supreme interest of the country, and evaluates the volume of revenues and the effectiveness of expenditures for each ministry and governorate so that we distribute the sums according to the standards of justice and actual need.”[/size]
[size=45]And Al-Dosky stated, “The representatives fear the delay in implementing the projects, and according to the data of the Ministry of Planning, the sums for the development of the regions mentioned in the Emergency Support for Food Security and Development Law were spent only 10% of them.”[/size]
[size=45]However, he stated that “the Finance Committee will not stop supporting projects for the provinces and the development of the regions, on the contrary, most or all of the members with deduct sums from the current budgets towards the development of the regions.”[/size]
[size=45]And Al-Dosky concluded, that “determining the criteria for distributing the amounts, whether retroactively or from the date of approving the budget, will be subject to discussions within the Finance Committee before voting on the law, taking into account new issues, most notably the oil price variables.”[/size]
[size=45]It is noteworthy that the House of Representatives had ended discussions on the budget and referred the project to the Finance Committee in order to put the final wordings in coordination with the government before submitting it to a vote.[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]Parliamentary Finance denies returning the budget to the government: We will present it to a vote this month[/size]
[size=45]Baghdad / Firas Adnan[/size]
[size=45]The Parliamentary Finance Committee denied its intention to return the budget to the government, confirming the vote on it during the current month, pointing out that the drop in oil prices raises fears of an increase in the deficit rates and its transformation from planned to real, stressing that the provinces have spent only 10% of the allocations for the development of regions contained in Emergency Support for Food Security and Development Law No. (2) of 2022, which was approved by Parliament last year.[/size]
[size=45]The day before yesterday, the committee hosted the Minister of Finance, Taif Sami, for the second time to discuss the ministry's budget, and the possibility of making transfers of amounts to ensure reducing spending and increasing revenues that supply the state treasury, as well as developing an appropriate strategy on the ministry's mechanism with regard to spending units.[/size]
[size=45]Some social media circulated the return of political differences over the budget law, which was the reason for delaying its submission to a vote.[/size]
[size=45]However, member of the Finance Committee, Representative Jamal Cougar, said, “The talk that some people are circulating about the existence of obstacles to presenting the budget law to a vote is an incorrect claim.”[/size]
[size=45]And Cougar continued, “The second reading of the government project includes a number of stages, the first of which is listening to the opinions of deputies, and this was done in three consecutive sessions that were open.”[/size]
[size=45]And he pointed out, “The second stage is by holding hosting sessions with ministers, governors, and officials of public spending units, and we are continuing to do so according to an intensive schedule that starts daily from ten in the morning until seven in the evening, and then starts at nine in the evening until twelve after midnight.”[/size]
[size=45]And Cougar stated, “The third stage begins with the formulation of the budget, and we have divided the committee into two teams, the first conducting hosting and studying schedules to conduct transfers, and the second to reformulate the materials sent by the government within the draft budget.”[/size]
[size=45]He denied, “There are obstacles or disagreements, but there are continuous and extensive discussions, and we hope to complete them as soon as possible,” stressing that “Parliament has no intention of returning the law to the government in order to draft it in accordance with the proposed amendments.”[/size]
[size=45]Cougar explained, “The budget will be approved definitively during this month, but it is not possible to set a fixed date for presenting the project to a vote or ending discussions on its texts within the Finance Committee.”[/size]
[size=45]And he indicated, “The session of the three presidencies with the political leaders of the State Administration coalition, held last week, had ended with setting the tenth of this month (the day after tomorrow) to complete the discussions on the budget.”[/size]
[size=45]Cougar added, "This date is very close and cannot be adhered to, because the current budget differs from its predecessors in three aspects."[/size]
[size=45]And he continues, “The first aspect is that this budget is the highest that reached the House of Representatives after 2003, with an amount of up to 200 trillion dinars.”[/size]
[size=45]And Cougar goes on, that the second aspect is the large deficit in the law estimated at more than 64 trillion dinars, and fears that this deficit will turn from planned to real under the weight of the drop in oil prices, as the barrel reached 72 dollars.[/size]
[size=45]And he added, “The draft budget came at a price of $70 per barrel, and we need a difference between 7 and 10 dollars.”[/size]
[size=45]And Cougar stated, “The Ministry of Oil informed us that it suggested that the price of a barrel be $65,” and he believed that “this large deficit, with the decrease in the price of a barrel of oil, will burden the budget and put it in front of a great responsibility.”[/size]
[size=45]And he continues, “The last budget approved by the House of Representatives was for the fiscal year 2021, with amounts of 164 trillion dinars, and the discussion on it continued for 45 days, while we are facing a budget higher than that, and therefore it needs more time to complete the discussions and final formulation.”[/size]
[size=45]And Cougar went on, that “the third new aspect of the budget is its status for three years, and this means that it will be exposed to any error or unfairness that will continue throughout the period allotted to it.”[/size]
[size=45]For his part, another committee member, Khalil Al-Dosky, stated that “the Finance Committee has held meetings with most ministries, and it is continuing this activity in order to prepare final formulations that include holding discussions to achieve fairness in the distribution of allocations.”[/size]
[size=45]Al-Dosky added, “Public spending units, whether federal or in the regions and governorates, cannot be convinced of their financial share in the budget and demand an increase in it.”[/size]
[size=45]And he pointed out, “The meetings showed that everyone is calling for an increase in his allocations, but the Finance Committee looks at the supreme interest of the country, and evaluates the volume of revenues and the effectiveness of expenditures for each ministry and governorate so that we distribute the sums according to the standards of justice and actual need.”[/size]
[size=45]And Al-Dosky stated, “The representatives fear the delay in implementing the projects, and according to the data of the Ministry of Planning, the sums for the development of the regions mentioned in the Emergency Support for Food Security and Development Law were spent only 10% of them.”[/size]
[size=45]However, he stated that “the Finance Committee will not stop supporting projects for the provinces and the development of the regions, on the contrary, most or all of the members with deduct sums from the current budgets towards the development of the regions.”[/size]
[size=45]And Al-Dosky concluded, that “determining the criteria for distributing the amounts, whether retroactively or from the date of approving the budget, will be subject to discussions within the Finance Committee before voting on the law, taking into account new issues, most notably the oil price variables.”[/size]
[size=45]It is noteworthy that the House of Representatives had ended discussions on the budget and referred the project to the Finance Committee in order to put the final wordings in coordination with the government before submitting it to a vote.[/size]
[size=45][You must be registered and logged in to see this link.]
Yesterday at 7:52 am by Rocky
» utube 3/28/24 MM&C Iraqi Dinar - IQD Update - SWIFT - Purchasing Power - Urban Renaissance - Releas
Yesterday at 7:51 am by Rocky
» Al-Mandalawi: Iraq is witnessing competition between major companies...and the House of Representati
Yesterday at 7:49 am by Rocky
» The President of the Republic stresses the importance of the role of programmers in developing the w
Yesterday at 7:46 am by Rocky
» The Minister of Industry and Minerals follows up on the technical and production performance of the
Yesterday at 7:45 am by Rocky
» The Minister of Finance is following up on the field the progress of the newly implemented ASYCUDA s
Yesterday at 7:44 am by Rocky
» Statistics: There are more than 15 million bank accounts in Iraq
Yesterday at 7:42 am by Rocky
» Representative: One paragraph hinders the passage of a general amnesty within the House of Represent
Yesterday at 7:37 am by Rocky
» Parliamentary Finance: “The draft federal budget law will be devoid of new job grades.”
Yesterday at 7:36 am by Rocky
» Parliamentary action to resolve the fate of “food security contracts” in 15 governorates
Yesterday at 7:35 am by Rocky
» 300 factories turned into "iron scrap" in Diyala
Yesterday at 7:34 am by Rocky
» A deputy expects the dollar exchange rate to reach 140 Iraqi dinars
Yesterday at 7:32 am by Rocky
» Al-Yasiri: The American administration is working hard to destroy the Iraqi economy
Yesterday at 7:31 am by Rocky
» Infographic: The highest annual salaries of leaders of Arab countries
Yesterday at 7:30 am by Rocky
» Communications announces that the electronic signature project has reached advanced stages
Yesterday at 7:29 am by Rocky
» Parliamentary Integrity presents a file related to Kuwaiti violations of Iraqi oil
Yesterday at 7:27 am by Rocky
» Parliamentary move to include amendments to Parliament’s internal regulations on the agenda (documen
Yesterday at 7:25 am by Rocky
» The Iraqi President urges the Minister of Finance to expedite the payment of salaries to the Kurdist
Yesterday at 7:23 am by Rocky
» Central Bank of Iraq sales exceeded $251 million at today’s auction
Yesterday at 7:21 am by Rocky
» The Foreign Minister questions the "Iraqi resistance" attacks against Israel: the other side did not
Yesterday at 7:20 am by Rocky
» The Minister of Labor announces progress in the electronic payment system
Yesterday at 7:17 am by Rocky
» Interior Ministry: For the first time, we controlled the smuggling of petroleum derivatives by 98 pe
Yesterday at 7:16 am by Rocky
» International companies offer offers to invest in the Dhi Qar marshes.. What distinguishes them?
Yesterday at 7:15 am by Rocky
» “Tough” comments on interest rates raise the dollar globally
Yesterday at 7:14 am by Rocky
» Iraq is the fifth largest oil supplier to South Korea in a month
Yesterday at 7:12 am by Rocky
» Recovering more than 100 billion as a result of more than 200,000 employees on social welfare
Yesterday at 7:11 am by Rocky
» The Sudanese consultant announces the completion of Baghdad Metro track designs
Yesterday at 7:08 am by Rocky
» Al-Sudani stresses ending the problem of triple-shift schools
Yesterday at 7:07 am by Rocky
» Iraq begins building two new tankers to transport petroleum products
Yesterday at 7:06 am by Rocky
» Forming a council for “competition and preventing monopoly”
Yesterday at 7:04 am by Rocky
» Features of an Iraqi-Turkish agreement regarding the status of the Kurdistan Workers’ Party
Yesterday at 7:02 am by Rocky
» {Al-Buzrajiya} between the hammer of fraud and the power of the owners
Yesterday at 7:01 am by Rocky
» Ministry of Oil: The gas sector is witnessing great development
Yesterday at 6:59 am by Rocky
» An agreement with Britain in the field of securities
Yesterday at 6:58 am by Rocky
» Discussions between Baghdad and Ankara to open a new port
Yesterday at 6:57 am by Rocky
» Trade: About 11 million citizens updated their new card information
Yesterday at 6:56 am by Rocky
» Electronic payment is sustainable growth
Yesterday at 6:55 am by Rocky
» Experts: Iraq qualifies to be an important tourist country
Yesterday at 6:54 am by Rocky
» Amending the Health Professions Law “robs” scientists of the central appointment 3 years after it wa
Yesterday at 5:20 am by Rocky
» Is the “blessings package” that Erbil paid to the citizens of Kurdistan related to the elections?
Yesterday at 5:19 am by Rocky
» Exceeded 5,000 projects.. Allocating 10 trillion dinars to support governorate reconstruction plans
Yesterday at 5:18 am by Rocky
» “His need no longer exists.” Parliamentary Finance confirms the necessity of returning the retiremen
Yesterday at 5:17 am by Rocky
» To communicate with the bases... 12 directives from Al-Sadr, including blocking numbers for non-gove
Yesterday at 5:15 am by Rocky
» In an interview with "Baghdad Today"... an Iranian researcher reveals the importance of Haniyeh's vi
Yesterday at 5:14 am by Rocky
» After it was 63 trillion in 2023... the 2024 budget deficit will rise to 80 trillion dinars
Yesterday at 5:13 am by Rocky
» Parliament reveals the date of the first evaluation of the governors and determines the party respon
Yesterday at 5:11 am by Rocky
» The President of the Republic informs Al-Araji and Al-Basri: Momentum must be mobilized to eliminate
Yesterday at 5:10 am by Rocky
» Can the Federal Court sue others? A legal clarification of its response mechanism to abuse
Yesterday at 5:09 am by Rocky
» Despite promises to soon stop burning gas.. What is the secret behind Iraq renewing the Iranian gas
Yesterday at 5:07 am by Rocky
» Advisor to Al-Sudani: The dollar is on the way to further decline, and 70% of Iraqi traders have ent
Yesterday at 5:06 am by Rocky
» Iraq exported more than 99 million barrels of oil last February
Yesterday at 5:04 am by Rocky
» Barzani “gives good news” to Kurdistan employees: salaries, land, and loan exemptions
Yesterday at 5:03 am by Rocky
» Alia Nassif: Nour Zuhair returned to the port of Umm Qasr to make deals.. An influential Shiite forc
Yesterday at 5:02 am by Rocky
» The Prime Minister announces the movement of nearly 500 stalled projects
Yesterday at 5:00 am by Rocky
» A government strategy to enhance investments.. Iraq is on the verge of a new era of economic develop
Yesterday at 4:59 am by Rocky
» Ranging between 20% and 50%.. The Kurdistan government decides to reduce service fees, customs dutie
Yesterday at 4:58 am by Rocky
» Al-Sudani: The reform approach in the security services is an integral part of reform in other secto
Yesterday at 4:56 am by Rocky
» Everyone in Iraq wants the Sudanese visit to Washington to be successful, even the factions!
Yesterday at 4:55 am by Rocky
» Sources and experts expect the agenda.. in his bag is the Baghdad dollar and the factions’ truce, bu
Yesterday at 4:54 am by Rocky
» The decision to raise gasoline prices arouses the ire of drivers...a reminder of the large demonstra
Yesterday at 4:53 am by Rocky
» Parliamentary services: 3 important hospitals in Baghdad will enter service at the end of the year
Yesterday at 4:52 am by Rocky
» Iraq signs a contract to supply Iranian gas for a period of five years
Yesterday at 4:50 am by Rocky
» Parliament adds a voting paragraph on amending the Penal Code to its agenda
Yesterday at 4:49 am by Rocky
» His political advisor: We are not afraid of Sudanese entering the elections alone
Yesterday at 4:48 am by Rocky
» Parliamentary services explain the reasons for the rise in real estate prices in Baghdad
Yesterday at 4:46 am by Rocky
» Attia, criticizing the government's decisions: "The citizen's feathers will be ruffled without servi
Yesterday at 4:45 am by Rocky
» Parliamentary Communications: Zain Iraq and Asiacell did not pay their debts
Yesterday at 4:44 am by Rocky
» The Governor of Karbala announces the imminent establishment of the largest industrial city in the c
Yesterday at 4:43 am by Rocky
» A government determination to end the issue of displaced persons in the middle of this year
Yesterday at 4:42 am by Rocky
» Iraq buys gas from Kurdistan to generate electricity
Yesterday at 4:41 am by Rocky
» Parliamentary signatures to include an amendment to the internal regulations to decide the choice of
Yesterday at 4:40 am by Rocky
» In Basra.. a demonstration against foreign workers in Iraqi companies (video)
Yesterday at 4:38 am by Rocky
» Al-Samarrai: Presidency of Parliament is an entitlement to the constituents, and calling it a “frame
Yesterday at 4:36 am by Rocky
» Electronic food supplies in 6 governorates... covering 11 million Iraqis and “writing off” about 700
Yesterday at 4:34 am by Rocky
» Corruption of the Ministry of Transport.. Representatives express their surprise at the minister’s s
Yesterday at 4:32 am by Rocky
» The biggest supporter of the invasion of Iraq.. The death of former US Senator Joe Lieberman
Yesterday at 4:31 am by Rocky
» Iraq is ranked “late.” A list of the most and least safe Arab countries for women
Yesterday at 4:30 am by Rocky
» The Council of Ministers exempts the Gulf Interconnection Authority from guarantee fees: it is a gov
Wed 27 Mar 2024, 7:48 am by Rocky
» The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
Wed 27 Mar 2024, 7:46 am by Rocky
» Popular Movement: We have many economic options away from American hegemony
Wed 27 Mar 2024, 7:42 am by Rocky
» The Oil Parliament stresses the need to transfer part of the revenues to the producing governorates
Wed 27 Mar 2024, 7:41 am by Rocky
» It will cover 14 regions in eastern Iraq.. A deputy reveals the “border electricity” project
Wed 27 Mar 2024, 7:40 am by Rocky
» Experts Warn Mass Migration Threatens US Food Security
Wed 27 Mar 2024, 7:37 am by Bama Diva
» Al-Fateh: America occupies Iraq through agreements
Wed 27 Mar 2024, 7:37 am by Rocky
» Anger in Iraq over a "sudden decision"... and a reminder of a "general strike" that paralyzed the co
Wed 27 Mar 2024, 7:34 am by Rocky
» Parliamentary Committee: Parliament is discussing today a decision that “disturbed” the Iraqis
Wed 27 Mar 2024, 7:33 am by Rocky
» Ministry of Electricity: Our production will reach 27 thousand megawatts by May
Wed 27 Mar 2024, 7:31 am by Rocky
» Diagnosing the “most important” problems in the oil file between Baghdad and Erbil.. What is the rel
Wed 27 Mar 2024, 7:30 am by Rocky
» The Iraqi Fiqh Academy and the Sunni Endowment issue a fatwa to pay Zakat al-Fitr
Wed 27 Mar 2024, 7:28 am by Rocky
» The National Bank of Iraq continues its digital transformation by launching its new banking system a
Wed 27 Mar 2024, 7:26 am by Rocky
» Parliamentary Investment and the Central Bank are discussing the housing initiative
Wed 27 Mar 2024, 7:25 am by Rocky
» The Prime Minister announces the restart of 500 suspended projects
Wed 27 Mar 2024, 7:23 am by Rocky
» Al-Barti assesses the region's employees: Your salaries are insured and will be paid after resettlem
Wed 27 Mar 2024, 7:21 am by Rocky
» Iraqi-American discussions in anticipation of the Sudanese visit
Wed 27 Mar 2024, 7:20 am by Rocky
» Iraq and Turkey hold meetings in Ankara to discuss technical issues related to the development road
Wed 27 Mar 2024, 7:17 am by Rocky
» A government parliamentary agreement to support budget revenues and governorate allocations for inve
Wed 27 Mar 2024, 7:16 am by Rocky
» Oil: The gas sector is witnessing great development
Wed 27 Mar 2024, 7:15 am by Rocky
» A Kurdish-French agreement to develop trade and economic relations
Wed 27 Mar 2024, 7:13 am by Rocky
» Exchange companies in Mosul demand that they be entered into the currency selling window
Wed 27 Mar 2024, 7:12 am by Rocky