Home
The seriousness of Article 61 in the tripartite budget
Economical 2023/07/03
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
[url=https://twitter.com/intent/tweet?url=https://alsabaah.iq/79830-.html&text=%D8%AE%D8%B7%D9%88%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D8%AF%D8%A9 61 %D9%81%D9%8A %D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9 %D8%A7%D9%84%D8%AB%D9%84%D8%A7%D8%AB%D9%8A%D8%A9]Twitter[/url]
[url=https://twitter.com/intent/tweet?url=https://alsabaah.iq/79830-.html&text=%D8%AE%D8%B7%D9%88%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D8%AF%D8%A9 61 %D9%81%D9%8A %D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9 %D8%A7%D9%84%D8%AB%D9%84%D8%A7%D8%AB%D9%8A%D8%A9] [/url]
[url=https://twitter.com/intent/tweet?url=https://alsabaah.iq/79830-.html&text=%D8%AE%D8%B7%D9%88%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D8%AF%D8%A9 61 %D9%81%D9%8A %D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9 %D8%A7%D9%84%D8%AB%D9%84%D8%A7%D8%AB%D9%8A%D8%A9][/url][url=https://telegram.me/share/url?url=https://alsabaah.iq/79830-.html&text=%D8%AE%D8%B7%D9%88%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D8%AF%D8%A9 61 %D9%81%D9%8A %D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9 %D8%A7%D9%84%D8%AB%D9%84%D8%A7%D8%AB%D9%8A%D8%A9]Telegram[/url]
[url=https://telegram.me/share/url?url=https://alsabaah.iq/79830-.html&text=%D8%AE%D8%B7%D9%88%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D8%AF%D8%A9 61 %D9%81%D9%8A %D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9 %D8%A7%D9%84%D8%AB%D9%84%D8%A7%D8%AB%D9%8A%D8%A9] [/url]
[url=https://telegram.me/share/url?url=https://alsabaah.iq/79830-.html&text=%D8%AE%D8%B7%D9%88%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D8%AF%D8%A9 61 %D9%81%D9%8A %D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9 %D8%A7%D9%84%D8%AB%D9%84%D8%A7%D8%AB%D9%8A%D8%A9][/url][You must be registered and logged in to see this link.]
+A -A
Dr.. Ahmed Hamid Al-Hathal
After a difficult labor, the budget was approved by the parliament, and this parliament did not focus much on the economic aspects in the general budget allocations, which reflect the economic role and criterion of success for any government.
The tripartite budget did not change the reality of a different ambition because Article (77) stressed that the Council of Ministers sent the general budget (2024-2025) to the House of Representatives for approval. The financial, social and political aspects were given little attention to the economic aspects, and they also did not rely on financial sustainability analyzes and the principle of costs and returns. This aspect requires extensive and in-depth studies that are difficult for the decision-maker to understand well.
This is evident from the outputs of the general budget and the executive and legislative authority’s vote on Article (61), which emphasized the perseverance of the deficit by excluding it from the amended Financial Management Law No. (6) of (2019). I do not know what is the benefit of approving laws if they are suspended by subsequent laws? This is not an exception for a specific case, but rather a methodology that continues in most of the previous years of the general budget.
The seriousness of this article comes from the increase in the financial burdens on society, and this is further illustrated by the term “financial illusion”, which allowed the budget deficit to increase by more than 20 percent.
The deficit ratios of the gross domestic product, when set at 3 percent or 5 percent, are intended to regulate the work of the budget and control the pace of public finances from the deterioration that will harm future generations that will pay dues today, so the current value of future government debt will be high in view of the indicators of sustainability Financial sustainability and public debt, as it will rise, according to the scenarios of this budget, by more than 70 percent of the gross domestic product, after it had stabilized at about 45 percent, and this is what is called in the economy (the indebtedness trap).
We may witness a state of Ponzi financing, as the items of the general budget will be disrupted in a way that the financial authority cannot control, and then the central bank will intervene more broadly to finance a large part of the government deficit, either through open market operations by purchasing public financial bonds in larger quantities, or by lending public finances in large quantities. Direct, and this is prohibited by the Central Bank of Iraq Law No. 56 of 2004.
Despite the prohibition of direct borrowing, the Central Bank continues to deduct these transfers until an article that consolidates the financial-oil dominance appeared by deducting 23.504 trillion dinars through the Central Bank. This is a dangerous development for monetary stability in light of the continued imbalance of the exchange rate and we are approaching the most dangerous type of inflation Prepares the process of currency collapse and fragile economy.
Most developed and emerging countries put ceilings on government debt so that there is no comfort for politicians to use this debt to finance public finances due to the political and social pressures caused by the mistakes of previous policies and the failure to use real economic methods to achieve economic growth by realizing the added value of the non-rentier sector, so we see that The budget items for the year 2024-2025 are amended according to the requirements of financial sustainability as long as there is financial abundance for this year in order to ensure the continuity of public debt sustainability and fiscal continuity in financing public expenditures without forcing it into structural corrections that harm some economic sectors, and the entry point for such a procedure is to set a ceiling The public debt in the budget ranges between 40-50 percent of the GDP in order to ensure that the public finances will search for other alternatives to enhance fiscal discipline through non-oil revenues, and borrowing according to its philosophy remains in its golden rule.Investment-oriented only to enhance non-oil revenues.
[You must be registered and logged in to see this link.]
» utube 11/21/24 MM&C MM&C News Reporting-Global Trade-Best Route in World-Purchase Power-Justice-Cen
» Al-Sudani discusses with the Secretary-General of the Digital Cooperation Organization enhancing dig
» President of the Republic: Partnership with the United States is essential to achieve regional stabi
» Mazhar Saleh reveals details of the 2023 budget and the 2024 budget horizon
» Absent control and rising corruption.. Sudan faces a harsh political winter
» A representative shows the laws prepared for voting during the upcoming sessions.
» Corrupt people in it.. Independent MP criticizes the performance of Al-Sudani's government
» Parliamentary Oil Committee reveals government move to end electricity crisis
» The Administrative Court postpones consideration of the lawsuit on the legitimacy of the Kirkuk gove
» MP: The ministerial reshuffle depends on consensus within the state administration
» Politicians put question marks on Al-Sudani: corruption, espionage and serving foreign interests
» The International Union of Arab Bankers honors the Chairman of the Private Banks Association: A prom
» Industry: Contracts to supply state ministries with food products
» After Shell Withdrawal, American Company Heads to Implement Al-Nibras Project in Iraq
» Revealing the fate of the Chinese deal in Iraq.. It was disrupted by this party
» The Central Bank of Iraq 77 years of challenges and reforms
» "Unprecedented numbers"... American "CNN" talks about tourism in Iraq
» After implementing automation, Baghdad Airport Customs jumps 400 percent
» Iraq participates in sustainable development activities
» Al-Sudani opens 790 model schools
» Parliamentary Culture: The Right to Information Law will satisfy all parties
» Al-Mashhadani to {Sabah}: Tomorrow we will discuss the Zionist threats
» Industry to {Sabah}: Contracts to supply state ministries with food products
» Trade cooperation between Najaf and Isfahan
» {New building} and {electronic systems} to develop forensic medicine
» A specialized center for monitoring the environmental situation in the capital
» International and parliamentary praise for the success of the "population census" process
» The European Union organizes a workshop in Basra on central administration and the wealth distributi
» The Media Authority and the Ministry of Education discuss the importance of enhancing and introducin
» Iraq's oil exports to America rose last week
» Electricity announces loss of 5,500 megawatts due to complete halt of Iranian gas supplies
» Tomorrow.. The Arab League is looking to unify its position against Israeli intentions to strike Ira
» The Central Bank moves its secret vaults to its new building.. Clarification of the truth of the cla
» Network reveals the fate of the Chinese deal.. It was disrupted by "Iraqi officials"
» From the White House to the "Leaders of Iraq"... A Message Regarding the Targeting of Baghdad
» Parliament session agenda next Tuesday
» "Unforeseen Danger"... Turkish Barracks in Kurdistan Region Between "Hammer and Anvil" - Urgent
» As tensions escalate, parliament holds 'emergency session' to discuss Israeli threats
» For Population and Housing.. Planning announces the success of the general census in Iraq
» Trade announces a special application for the ration card that determines the mechanism for families
» Political Conflicts Obstruct Oil and Gas Law: The Future of Iraq’s Wealth at Risk
» The political representation map awaits the results of the population census.. Will the parliament s
» Drug Localization.. A government advisor announces the registration of important drugs for the first
» Japan announces completion of more than 30 projects in Iraq through soft loans
» Integrity reveals new embezzlement operations in a government bank in Karbala
» Through dialogue or “elite forces”... How does Baghdad prevent the factions from implementing the Is
» Trade Bank of Iraq announces plan to open new branches
» Parliamentary Security: Israel wants international legitimacy to strike Iraq
» Minister of Health: Services provided under health insurance are almost free
» Planning: The census identifies the economic and social characteristics of each Iraqi individual.
» Al-Hakim: Iraq's duty towards the regional crisis must be consistent with its reality and capabiliti
» American party reveals the reason for Israeli threats to Iraq
» Proceedings of the first session headed by Al-Mashhadani.. Budget amendment and no schedules
» After half of it passed without sessions.. Discussion of a new extension of the legislative term
» Here are the dollar exchange rates in the Iraqi stock exchanges
» Iranian gas exports to Iraq have stopped completely for this reason Local
» Koger: The budget schedules have not reached us yet, and we will start the sessions as soon as they
» MP calls for activating China's Belt and Road Initiative economy
» Al-Baldawi: Political will controls the fate of the ministerial amendment
» Al-Lami: US bases in Iraq represent a military arsenal to protect the entity
» Iraq sends "identical" messages to international and Arab parties regarding Israeli threats
» Iraqi parliament resumes sessions on Monday with 'important' laws
» The Central Bank of Iraq sells more than $894 million in three days
» With the participation of the private sector.. Iraq studies a project to establish a large medical c
» OPEC Secretary General: Crude Oil and Natural Gas are 'Gifts from God'
» How much did the census cost in Iraq?
» Türkiye hints at “good news” regarding Kurdistan oil exports.. What about the development path?
» Minister of Education: Project No. 1 has reached its final stages and new schools will be announced
» With Al-Mashhadani's support... Parliamentary move to activate the oversight role during the upcomin
» Israel sends messages to Iraq: An expected strike and no options for deterrence
» A government bank in Karbala embezzles installment amounts paid by a number of borrowers
» Iraqi government begins measures to prevent oil “smuggling” from Kurdistan
» Iraq sends "identical" messages to international and Arab parties regarding Israeli threats
» Al-Araji: The international coalition has great credit in helping Iraq defeat ISIS
» Dollar price stability in Iraq
» Iraqi exhibitions participate in the UFI conference in Germany
» Industry: A plan to increase battery production and cover the needs of the local market
» Health: We are studying the establishment of medical cities in Baghdad and the governorates with the
» Foreign Minister: The government has taken internal and external steps regarding the threats of the
» Immigration: Report to be submitted next month to curb illegal immigration
» The Arab League will hold a meeting next Sunday to confront the threats of the Zionist entity, at th
» Iraq comments on the threats of the Zionist entity
» Al-Mandlawi: The International Court’s decision to arrest Netanyahu and his defense minister is a st
» Supreme Census Authority: End of the second phase of the population census
» An inside look at Iraq’s “fuel smuggling market”: New developments and smugglers “suffering”
» Find out the dollar exchange rates in the Iraqi stock exchanges
» New embezzlement operations revealed in a government bank in Karbala
» Officially.. The Supreme Authority for Population Census sets the date for announcing the results
» Prime Minister: It is hoped that the remaining 1,000 schools will be completed within two months - U
» utube 11/19/24 MM&C Report-Census-Global Transparency-Budget-Trade-Banking-Delete the Ze
» Barzani: The relationship with Baghdad is good and no problem can be solved by force
» Al-Mashhadani: The international system today is “fluid and in crisis” and the Middle East crisis is
» Legal Center: Iraq is the fourth Arab country in child labor and there is a need to legislate a law
» Democratic: The new regional government is a coalition and one step away from negotiations to form i
» Parliament resumes its sessions next week... and clarification of the mechanism for extending its le
» A member of the Patriotic Union of Kurdistan stresses the need to pass the Kurdistan budget law, whi
» Framework warns: Agreement with Washington will be at stake if Iraq is bombed
» Protecting Iraq is an American duty: Security agreements are not just ink on paper