(Journal News) published the text of the budget law
BAGHDAD - The Journal News
House of Representatives voted during its regular meeting held under the chairmanship of Salim al-Jubouri on the state budget for next year law
And got (Journal News) a copy of the text of the budget law.
The general budget of the Federal Republic of Iraq for fiscal year (2017)
December 07, 2016
In the name of the people
Based on what passed the House in accordance with the provisions of subsection (I) of Article (61) and item (iii) of Article (73) of the Constitution.
President of the Republic decided / date / 2017
Issuing the following law:
Law No. () for the year 2017
The general budget of the Federal Republic of Iraq for fiscal year 2017
A-the federal budget Finance / 2017 year revenues are estimated at (79011421000) thousand dinars (seventy-nine trillion and eleven billion, four hundred and twenty-one million dinars), as shown in (Table / a revenue according to the setting) attached to this law.
B-calculated realized from the export of crude oil revenues on the basis of the average price of $ 42 (forty-two dollars) per barrel and the rate of export of (3750000) barrels per day (three million seven hundred and fifty thousand barrels per day), including (250,000) barrels per day (two hundred and fifty thousand barrels per day) on the quantities of crude oil produced in the Kurdistan region and (300,000) barrels (three hundred thousand barrels per day) on the quantities of crude oil produced by the province of Kirkuk, on the basis of the exchange rate of 1182 dinars per dollar, and that all revenue actually income once the public treasury of the state to account.
Ministries and departments not associated with the Ministry and the provinces committed to the enrollment of all cash amounts of the grants that get under the memoranda of understanding with foreign governments or institutions of income once the public treasury of the Federal and the Federal Ministry of Finance re-allocated to the purposes for which it was awarded for her and in coordination with the Ministry of Federal Planning.
Restrict the amount of donations given to ministries and departments not associated with the Ministry and the provinces after the acceptance of the Federal Minister of Finance income once the public treasury of the Federal, that the Federal Minister of Finance for allocation to the ministry allocations or entity is associated with the Ministry of the Exchange in accordance with the purposes for which it was awarded to her.
Restrict the amount of grants or contributions by governments and institutions, foreign to the ministries and departments not associated with the Ministry or the provinces and provincial councils under the memoranda of understanding or from the private sector income once the Treasury whether these grants and contributions in the form of technical assistance or the implementation of projects that are under Akiemha speculative records in the ministry or organization is not related to the Ministry or the regional and provincial councils and provincial women with relationship and be accepting cash donations or in-kind and reallocation coordination between the beneficiaries and all of the ministries of planning and finance federated.
The grants and subsidies unused allocated to government departments and public sector companies the end of fiscal year 2016 in accordance with accounting standards used to calculate the final exchange amounts amounts calculated and considered excess amounts or paid in excess along these lines downpayment on allocated to the Department of the grant or the expense of unity in the fiscal year 2017.
(( Chapter II ))
Expenditure and deficit
The sum of $ (100 671 160 790) thousand dinars (one hundred trillion six hundred and seventy one billion, one hundred and sixty million seven hundred and ninety thousand dinars) to expenditures for the fiscal year 2017, including the amount of the premium domestic debt and external adult (5608898300) thousand dinars (five trillion six hundred and eight billion, eight hundred and eight Ninety-one million three hundred thousand dinars), distributed according to (field / 3 total expenses) of the (table / b expenditure by ministries) attached to this law.
A sum of $ (25454018000) thousand dinars (twenty-five trillion, four hundred and fifty-four billion eighteen
Million dinars) project expenditures distributed according to (field / 2 investment projects expenses) of the (Table / b expenditure by
Ministries) attached to this law. Including the amount (4254018000) thousand dinars (four trillion two hundred and fifty-four
Billion and eight ten million dinars) through foreign loans.
B amount of $ (75217142790) thousand dinars (seventy five trillion, two hundred and seventeen billion one hundred and two
And forty million seven hundred and ninety thousand dinars) for ongoing expenses in accordance with the (field / 1-ongoing expenses
(Table / b expenditure by ministries) attached to this law.
C allocated an amount of (112 906 151) thousand dinars (one hundred and twelve billion nine hundred and six million, one hundred and one
And fifty thousand dinars), the contingency reserve within the provisions of other expenses to the budget of the Federal Ministry of Finance
Continued allocations mentioned in item (I-b) referred to above.
D allocated an amount of (500000000) thousand dinars (five hundred billion dinars (l) reconstruction and regional development projects
And the provinces, including Kurdistan) out allocations referred to in clause (I / A) of Article (2) above are
Distributed according to the population of each province and carried out as follows: -
1-on portfolios to provide the reconstruction of the province and districts, counties her plan ratified by the Provincial Council of depending on the plans developed by the councils and district to the Ministry of Federal Planning for the purpose of examination and approval that most areas take into account the worst affected in the province and to be distributed to maintain the district allocations and areas associated according to population ratios after excluding strategic projects that benefit more than one hand or eliminate the cost of the new strategic projects of not more than 20% (twenty percent) of the province allocates them the percentage allocations of not more than 5% (five percent) for projects of poverty alleviation strategy.
2-The governor strictly implement the reconstruction plan approved and assume responsibility for the provincial council to monitor implementation.
E -tatmd ratio (5) (five dollars) per barrel of crude oil produced in the province and revenue (5) (five dollars) per barrel of crude oil refined in refineries revenues to maintain and (5) (five dollars) of natural gas revenues product in the province, that the choice conservative in the choice of a revenue-producing above and to allocate the amount of $ (500000000) thousand dinars (five hundred billion dinars), as projects to the provinces and territories produced out of the assignments referred to in clause (i-a) of Article (2) above.The Governor after the provincial council authentication right to dispose of and use no more than 50% (fifty percent) of the allocations referred to above for the purpose of importing electric energy or the provision of services to maintain and clean them or the cost of treatment for patients outside or inside Iraq or ongoing expenses, according to the needs of the province, and be the priority spending areas hardest hit by production and oil refining projects and environmental protection, through the conduct transfers required.
(F) the Ministry of Finance to issue treasury bonds to settle the dues to the producing provinces mentioned in paragraph (e) above of this article, according to the quantities exported by the Ministry of Oil (SOMO) or any other mechanism agreed by the government and to ensure the producing provinces rights, considering that those amounts are religion owed by the government to be restored to the figure mentioned in the governorates not organized province of Law No. 21 of 2008 when the average availability of financial abundance, provided that the disposal of these funds for investment projects exclusively.
A-The total planned deficit for the federal public budget for the financial year / 2017 (21659739790) thousand dinars (twenty-one trillion six hundred and fifty-nine billion seven hundred and thirty-nine million seven hundred and ninety thousand dinars), and covers the shortfall from internal and external borrowing and amounts retained cash in the account Federal Ministry of Finance and the ratio of the expected savings from the increased sale of the source of crude oil prices or increase crude oil exports, according to the details set forth in the following: -