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[size=35][size=35]The largest budget in the history of Iraq.. Kurdistan's share falters, and new developments regarding the voting date[/size]
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2023-05-25 | 03:26
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Alsumaria News - Politics
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Yesterday, Wednesday, Parliament Speaker[url=https://www.alsumaria.tv/Entity/579061903/%D9%85%D8%AD%D9%85%D8%AF %D8%A7%D9%84%D8%AD%D9%84%D8%A8%D9%88%D8%B3%D9%8A/ar/]Muhammad al-Halbousi[/url]chaired the meeting of the Finance Committee, in the presence of the chairman and members of the committee. To discuss the matters and issues remaining in the articles of the budget law, in preparation for submitting them to the Presidency of the Council of Representatives, and setting up a session to vote on them.
* Next Saturday is the date for voting on the budget
. Al-Halbousi said, “The budget is in its final touches. Now we had a meeting with the Finance Committee and their efforts are appreciated by their continuity and communication with work to reach an integrated vision regarding the provisions of the law, its paragraphs and allocations,” pointing out that “the committee is ready to hand over the budget to Parliament tomorrow.
He added, "There are some observations that will be concluded in the evening, and in light of them, the parliament session will be determined to proceed with the legislation of the law."
He pointed out that "there are reform joints. The committee added some items and amended others to serve the state's point of view in general and to contribute to strengthening the role of government institutions in carrying out reforms and governance in some joints," suggesting a vote on the budget next Saturday.
The Finance Committee in the House of Representatives continues its intensive meetings in order to finalize the provisions of the budget bill, which still collides with the share of the region, in addition to other matters such as schedules and proposals of representatives.
*The region's share of the first obstruction
committee member said,[url=https://www.alsumaria.tv/Entity/1048092220/%D8%AC%D9%85%D8%A7%D9%84 %D9%83%D9%88%D8%AC%D8%B1/ar/]Beauty Cougars[/url]He added, “The budget cannot be finalized during the coming hours, and the committee still needs time, as there are matters still under discussion despite the resolution of almost all budget matters,” adding, “But the region’s share remains the first obstacle to passing the budget within the Finance Committee.” ", according to the official newspaper.
He continued, "There are unresolved additions, and there are proposals for some deputies that have not been added either," noting that "the members of the committee voted to add a paragraph through which an amount is deducted from each employee's salary at the rate of (one per thousand) per[url=https://www.alsumaria.tv/Entity/1123382983/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%AF%D8%B9%D9%85 %D8%A7%D9%84%D8%B4%D9%87%D8%AF%D8%A7%D8%A1/ar/]Martyrs Support Fund[/url]And although this matter is illegal, he obtained the committee’s vote,” explaining that “no one has the right to deduct from the employee’s salary without a clear law.
” After 2003 and those who fell in the war only,” noting that “according to the deduction, approximately 59 billion dinars will be collected for the benefit of[url=https://www.alsumaria.tv/Entity/1123382983/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%AF%D8%B9%D9%85 %D8%A7%D9%84%D8%B4%D9%87%D8%AF%D8%A7%D8%A1/ar/]Martyrs Support Fund[/url]For his part
, the committee member said,[url=https://www.alsumaria.tv/Entity/2744894461/%D9%87%D9%8A%D8%AB%D9%85 %D8%A7%D9%84%D8%B2%D9%87%D9%88%D8%A7%D9%86/ar/]Haitham Al-Zahwan[/url], "The items that have not been approved or voted on are the expenditures and schedules that have not yet been resolved, and if things go smoothly and without obstruction, it is possible that the end of (today Thursday) will be completed so that the draft budget and the committee's report will be sent to the Presidency of Parliament."
He added that "the region's share impeded voting on the budget, as the political blocs are still entering into negotiations in this regard," ruling out that "it will be sent to parliament during the coming hours, in addition to the fact that transfers and allocations need a day as well."
Al-Zahwan added, "The issue of the provincial funds that were received from the government has been passed, and the funds that have been added have not yet been voted on," according to the newspaper.
For his part, a member of Parliament said about the bloc[url=https://www.alsumaria.tv/Entity/133505/%D8%A7%D9%84%D8%AD%D8%B2%D8%A8 %D8%A7%D9%84%D8%AF%D9%8A%D9%85%D9%82%D8%B1%D8%A7%D8%B7%D9%8A %D8%A7%D9%84%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86%D9%8A/ar/]Kurdistan Democratic Party[/url]Shirvan Al-Dauberdan, in an interview with[url=https://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url], that "balancing[You must be registered and logged in to see this link.]And its revenues need to be maximized because of its dependence on oil by 95%, and this matter is very negative for the Iraqi economy in the near future.”
* Exporting 3.5 million barrels annually
is planned[You must be registered and logged in to see this link.]During the current year, 3.5 million barrels were exported annually, according to what was approved by the Sudanese government in its budget for the current year.
[You must be registered and logged in to see this link.]It is the second largest oil producer in OPEC, and the country relies on revenues from selling crude to cover about 95% of its expenses.
The price of a barrel of oil is about $70 per barrel in the budget recently approved by the government, with total proposed expenditures amounting to 197.8 trillion dinars ($152.2 billion), according to the Prime Minister.[url=https://www.alsumaria.tv/Entity/4163252486/%D9%85%D8%AD%D9%85%D8%AF %D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A/ar/]Mohammed Al-Sudani[/url]Who indicated that this budget will be repeated during the next two years as well.
The fiscal deficit amounts to 63 trillion dinars ($48.5 billion), according to the official government statement.
While Iraq is an oil exporter, it imports the main oil derivatives, such as gasoline, gas oil, and white oil. According to the ““[You must be registered and logged in to see this link.]The company, more than 5 million tons of oil derivatives were imported last year, at a value of $5.3 billion, compared to 4.7 million tons, at a value of $3.3 billion, in 2021. Gasoline was the most imported, at a value of $3.8 billion, followed by gas oil with more than $1.2 billion.
Iraq's financial budgets have witnessed a significant gradual rise since the US invasion of the country in 2003, but this did not contribute to improving the Iraqis' living and service situation. The current year's budget is the largest in Iraq's history.
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2023-05-25 | 03:26
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Alsumaria News - Politics
It is possible that the pending items will be completed by the end of today, Thursday, May 25, 2023, so that the draft budget law and the report of the committee will be sent to the Presidency of Parliament, this was announced by the members of the Finance Committee, after the completion of the meeting that was held yesterday, Wednesday, headed by the Speaker of the House of Representatives. Muhammad al-Halbousi, in the presence of the chairman and members of the committee, to discuss the remaining matters and issues in the articles of the budget law.
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Yesterday, Wednesday, Parliament Speaker[url=https://www.alsumaria.tv/Entity/579061903/%D9%85%D8%AD%D9%85%D8%AF %D8%A7%D9%84%D8%AD%D9%84%D8%A8%D9%88%D8%B3%D9%8A/ar/]Muhammad al-Halbousi[/url]chaired the meeting of the Finance Committee, in the presence of the chairman and members of the committee. To discuss the matters and issues remaining in the articles of the budget law, in preparation for submitting them to the Presidency of the Council of Representatives, and setting up a session to vote on them.
* Next Saturday is the date for voting on the budget
. Al-Halbousi said, “The budget is in its final touches. Now we had a meeting with the Finance Committee and their efforts are appreciated by their continuity and communication with work to reach an integrated vision regarding the provisions of the law, its paragraphs and allocations,” pointing out that “the committee is ready to hand over the budget to Parliament tomorrow.
He added, "There are some observations that will be concluded in the evening, and in light of them, the parliament session will be determined to proceed with the legislation of the law."
He pointed out that "there are reform joints. The committee added some items and amended others to serve the state's point of view in general and to contribute to strengthening the role of government institutions in carrying out reforms and governance in some joints," suggesting a vote on the budget next Saturday.
The Finance Committee in the House of Representatives continues its intensive meetings in order to finalize the provisions of the budget bill, which still collides with the share of the region, in addition to other matters such as schedules and proposals of representatives.
*The region's share of the first obstruction
committee member said,[url=https://www.alsumaria.tv/Entity/1048092220/%D8%AC%D9%85%D8%A7%D9%84 %D9%83%D9%88%D8%AC%D8%B1/ar/]Beauty Cougars[/url]He added, “The budget cannot be finalized during the coming hours, and the committee still needs time, as there are matters still under discussion despite the resolution of almost all budget matters,” adding, “But the region’s share remains the first obstacle to passing the budget within the Finance Committee.” ", according to the official newspaper.
He continued, "There are unresolved additions, and there are proposals for some deputies that have not been added either," noting that "the members of the committee voted to add a paragraph through which an amount is deducted from each employee's salary at the rate of (one per thousand) per[url=https://www.alsumaria.tv/Entity/1123382983/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%AF%D8%B9%D9%85 %D8%A7%D9%84%D8%B4%D9%87%D8%AF%D8%A7%D8%A1/ar/]Martyrs Support Fund[/url]And although this matter is illegal, he obtained the committee’s vote,” explaining that “no one has the right to deduct from the employee’s salary without a clear law.
” After 2003 and those who fell in the war only,” noting that “according to the deduction, approximately 59 billion dinars will be collected for the benefit of[url=https://www.alsumaria.tv/Entity/1123382983/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%AF%D8%B9%D9%85 %D8%A7%D9%84%D8%B4%D9%87%D8%AF%D8%A7%D8%A1/ar/]Martyrs Support Fund[/url]For his part
, the committee member said,[url=https://www.alsumaria.tv/Entity/2744894461/%D9%87%D9%8A%D8%AB%D9%85 %D8%A7%D9%84%D8%B2%D9%87%D9%88%D8%A7%D9%86/ar/]Haitham Al-Zahwan[/url], "The items that have not been approved or voted on are the expenditures and schedules that have not yet been resolved, and if things go smoothly and without obstruction, it is possible that the end of (today Thursday) will be completed so that the draft budget and the committee's report will be sent to the Presidency of Parliament."
He added that "the region's share impeded voting on the budget, as the political blocs are still entering into negotiations in this regard," ruling out that "it will be sent to parliament during the coming hours, in addition to the fact that transfers and allocations need a day as well."
Al-Zahwan added, "The issue of the provincial funds that were received from the government has been passed, and the funds that have been added have not yet been voted on," according to the newspaper.
For his part, a member of Parliament said about the bloc[url=https://www.alsumaria.tv/Entity/133505/%D8%A7%D9%84%D8%AD%D8%B2%D8%A8 %D8%A7%D9%84%D8%AF%D9%8A%D9%85%D9%82%D8%B1%D8%A7%D8%B7%D9%8A %D8%A7%D9%84%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86%D9%8A/ar/]Kurdistan Democratic Party[/url]Shirvan Al-Dauberdan, in an interview with[url=https://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url], that "balancing[You must be registered and logged in to see this link.]And its revenues need to be maximized because of its dependence on oil by 95%, and this matter is very negative for the Iraqi economy in the near future.”
* Exporting 3.5 million barrels annually
is planned[You must be registered and logged in to see this link.]During the current year, 3.5 million barrels were exported annually, according to what was approved by the Sudanese government in its budget for the current year.
[You must be registered and logged in to see this link.]It is the second largest oil producer in OPEC, and the country relies on revenues from selling crude to cover about 95% of its expenses.
The price of a barrel of oil is about $70 per barrel in the budget recently approved by the government, with total proposed expenditures amounting to 197.8 trillion dinars ($152.2 billion), according to the Prime Minister.[url=https://www.alsumaria.tv/Entity/4163252486/%D9%85%D8%AD%D9%85%D8%AF %D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A/ar/]Mohammed Al-Sudani[/url]Who indicated that this budget will be repeated during the next two years as well.
The fiscal deficit amounts to 63 trillion dinars ($48.5 billion), according to the official government statement.
While Iraq is an oil exporter, it imports the main oil derivatives, such as gasoline, gas oil, and white oil. According to the ““[You must be registered and logged in to see this link.]The company, more than 5 million tons of oil derivatives were imported last year, at a value of $5.3 billion, compared to 4.7 million tons, at a value of $3.3 billion, in 2021. Gasoline was the most imported, at a value of $3.8 billion, followed by gas oil with more than $1.2 billion.
Iraq's financial budgets have witnessed a significant gradual rise since the US invasion of the country in 2003, but this did not contribute to improving the Iraqis' living and service situation. The current year's budget is the largest in Iraq's history.
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