[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Economy News - Baghdad
Today, Monday, the Minister of Finance, Taif Sami, confirmed the possibility of reopening the electronic platform to appoint the remaining numbers of the first and certificate holders again, while detailing the draft federal budget law.
Sami said, in an interview with the official agency, that "the budget for the current year included an increase in the calculation of employee compensation by (6.6) trillion dinars over the expenses of the previous year, with the exception of (the Kurdistan region)."
She added, "The increase came for several reasons, including:
1- Confirmation of contracts, the number of which is (394,656) contracts for those who have two years of service or more. They were fixed on the permanent owners of various ministries, governorates, and entities not associated with a ministry, as the treasury bore for some of them (the allocation difference), which amounted to (1.119) trillion dinars, with (237439) fixed. A contract for all self-financing departments.
2- Appointing the politically dismissed (6910) degrees that were introduced within the budget law for the year 2023.
3- Introducing (138,818) scores for the termination of their contracts for all security agencies whose procedures were not completed in 2019, as what was included during the year 2019 was almost half the number and due to the lack of a budget for the year 2020 and the House of Representatives in 2021 reducing the employee compensation account, while not including a law Food security cost the dependents only 300 billion dinars, which were granted to the Popular Mobilization Authority due to the shortage in the allocations of their canceled contracts for the year 2021. The cost of (6) months was included for (138.818) degrees for the security authorities to be able to conduct security audits and examinations and return them after the approval of the draft budget law Federal General Assembly for the year 2023, at a cost of 988 billion dinars.
4- The cost of daily wage earners who have been converted into contracts and who are not included in the confirmation, amounting to (38,756) for all state departments (centrally funded and self-financed), at a cost of (2.697) trillion dinars, including the costs of contracts that were transferred to the employee compensation account for those who were appointed instead of wage allocations contractors.
5- It was assigned to appoint the first and holders of master’s and doctorate degrees, who numbered (70,697) degrees for central finance departments and (4031) degrees for self-financing departments, so that their total numbers would be (74,728) degrees, and those distributed by the Federal Public Service Council were (43,728) degrees, and the remaining (31000) degrees, the Service Council, after taking the fundamental approvals, will open the electronic platform to receive the remaining numbers, as the financial costs of all the numbers listed according to the budget law is 811 billion dinars, and in order for the departments to be able to direct those who have been appointed and with detailed tables because their allocations are included in the security law The food for the month of 1 is 75 billion dinars. Detailed lists are required that include (grade, name, job title, appointment order, date of commencement, amount of salary, retirement contribution, and all allocations from the date of commencement to the end of the year).
And Sami stated, “The mechanism for financing the deficit contained in the budget law is through internal borrowing and the revolving balance from (years 2022 to 2023) and from the increase in the prices of exported crude oil exports or through pressure in spending and rationalization of expenditures, according to the following:
5 trillion dinars of local bonds.
3 trillion dinars borrowing from government banks.
23 trillion dinars, a rounded balance in the account of the Ministry of Finance.
23 trillion dinars as a legal reserve discount at the Central Bank of Iraq.
9.9 trillion dinars, foreign and local loans to finance investment projects.
And she indicated, “This is contingent on the event that the exported crude oil prices continue according to what is currently established in the draft federal budget law,” explaining that “if the barrel prices reach (83) dollars at the end of the year, the deficit will be covered from the above price difference.”
And she emphasized, "The self-financing departments are within the authority of the Minister of Finance approved by the provisions of Article (45) First of the Financial Management Law No. 6 of 2019," pointing out, "The delay in approving these budgets is because the final accounts of these departments have not been approved for a year." 2022 by the Office of Financial Supervision, due to its failure to be completed by the self-financed departments and its closure, and to answer the inquiries directed by the Office of Financial Supervision indicating the accounts of these departments.
And she continued, "Determining new investment projects is the prerogative of the Ministry of Planning, and after knowing the ceilings that the House of Representatives will approve after enacting the Federal General Budget Law for the year 2023, by issuing decisions by the Minister of Planning according to the authority vested in him to include ongoing and new projects in the event that the allocation is kept from Before the House of Representatives,” pointing out, “the draft budget law included government program projects, which are:
147 billion dinars to rehabilitate 10 hospitals.
400 billion dinars for the sea water desalination project in Basra.
600 billion dinars to implement the first phase of the fourth ring road.
303 billion dinars for the infrastructure project in Diwaniyah.
107 billion dinars for studies, designs and consultations for the first phase of the giant petrochemical project.
280 billion dinars for the rehabilitation and maintenance of power plants with manufacturers.
330 billion dinars to equip 150 conversion stations for next summer.
1000 billion dinars to establish the Iraq Development Fund to improve the attractive environment and launch sustainable economic and social development, and specialized funds branch out from it.
500 billion dinars for the Reconstruction Fund for the poorest governorates.
And the Minister of Finance stated, “The draft budget law included the special programs for the government program within the operating expenses, which are as follows:
650 billion dinars to increase those covered by social care.
150 billion dinars to increase the salaries of the full-time appointed.
200 billion dinars to improve medical treatment services in cardiovascular surgery centers.
200 billion dinars to improve health services in cancer treatment centers.
435 billion dinars for the management and operation program of 5 new hospitals in the health departments (Babylon / Najaf / Dhi Qar / Basra).
150 billion dinars for health services covered by health insurance.
448 billion dinars to cover the deficit in the purchase of imported medicines.
600 billion dinars for service and engineering effort
325 billion dinars for the rehabilitation and maintenance of power stations by GE.
325 billion dinars for the rehabilitation and maintenance of power stations by Electric International Inc.
10 billion dinars to launch the agricultural card.
And Sami confirmed, “The Federal General Budget Law included, in Article (23, Paragraph First), the continuation of budgets by imposing fees and charges for services devolving (70 percent) to them (for the budget), and 30 percent to the state’s public treasury,” explaining, “The state’s general budget law includes Allocating (50 percent) of the revenues of the border crossings to the revenues of the governorates to provide services, implement investment projects, and rebuild the border crossings or ongoing projects.
And the minister indicated: “It is expected that 3 trillion dinars will be transferred from the share of the oil companies’ profits to the state treasury, or it will remain registered in the records of the Ministry of Oil companies in the event that the Ministry of Finance does not finance the costs of producing the source crude oil or reduce these costs by the House of Representatives because they are considered salaries and costs.” operations for those companies," pointing out, "the cost of oil production for oil extraction companies amounts to 2.6 trillion dinars."
She pointed to "the allocation of 300 billion dinars to non-oil public companies (the financial sector and agricultural companies...etc), because the majority of the public companies of the Ministry of Industry and Minerals and the companies of the Military Industrialization Authority are losers and receive grants from the public treasury to pay salaries of more than (2.2) A trillion dinars,” she explained, explaining that “self-financed service departments such as directorates (water / sewage / Baghdad Municipality / Olympic Committee / Paralympic Committee / House of Wisdom and municipal institutions) receive salaries and operating expenses from the government estimated at (2.4) trillion dinars annually.” .
She pointed out, "The collection wages and fees are still very low, and the governorates and their councils refuse to increase them on the pretext that they burden the citizen, in addition to the failure to achieve the actual collection of these wages and fees," stressing, "The collection of electricity carries the government annually more than 16 trillion dinars as operating expenses for subsidiaries." To the Ministry of Electricity out of (150) trillion dinars total operating expenses, which are (the wages of a local investor / importing energy / Iranian gas / wages of central financing departments, salaries of employees of companies / maintenance expenses of power stations / Basra gas / local fuel supplied by the Ministry of Oil for power stations).
Sami confirmed, "The economic forecasts and statistical tables show spending estimates for the medium term, oil and non-oil revenues for the medium term, as well as the public debt report, the volume of internal and external indebtedness, what has been paid and what remains of it, and we enclose a copy of it."
And she added, "With regard to the analysis of the foreign trade sector, it is the prerogative of the Ministry of Commerce to submit it and submit it with the draft law by the Ministry of Economy's Council, which has not been sent yet."
And the Minister of Finance confirmed, “The percentage of state institutions and governorates from the budget according to each sector:
Current spending constituted (75.82) percent of the country's total.
As for investment spending, it constituted (24.23) percent of the country's total.
Contribution of all sectors to the country's total.
And she indicated, “The percentage of the contribution of all sectors to the total state was as follows:
The security and defense sector, 14.73 percent.
The education sector, 7.64 percent.
The energy sector, 19.52 percent.
The health sector, 4.83 percent.
- The services sector, 15.87.
The central public administration sector, 7.04 percent.
The local government sector, 11.74 percent.
The water, sewage and sanitation sector, 0.33 percent.
- The internal and external indebtedness sector and the interest accrued therefrom, 10.29 percent.
- The transport and communications sector, 1.74 percent.
The agricultural sector, 1.58 percent.
The industrial sector, 0.81 percent.
- The construction and housing sector, 2.65 percent.
Youth and sports sector 1.23 percent.
She indicated, "The 2023 budget will be basic, and the Ministers of Finance and Planning must make an amendment to it for the years 2024 and 2025, in order to be submitted to the Council of Ministers for consideration and then sent to the House of Representatives."
Views 167Added 05/15/2023 - 6:42 PM[You must be registered and logged in to see this link.]