Thursday Morning Iraq Economic News Highlights 5-18-23
Thursday Morning Iraq Economic News Highlights 5-18-23
Sanad: The Council Of Ministers Amends The Budget And Sends It Back To Parliament
Thursday 18 May 2023 | Economical Number of readings: 124 Baghdad / NINA / - Independent MP, Mustafa Sanad Al-Mirani, announced that the Council of Ministers amended the budget and sent it again to Parliament. Sanad said, according to a post on his personal page, “The Council of Ministers amended the budget and sent it again, to Parliament, adding, “We reached the Finance Committee yesterday.” Sanad did not mention the nature of the amendments made by the Council of Ministers to the budget law
Deputy Reveals Government Amendments To The Budget
Money and business Economy News – Baghdad A member of the Parliamentary Finance Committee, Saad Awad Al-Tobi, revealed, on Thursday, that the government has made amendments to the draft budget law, indicating that these amendments have not yet been presented to the committee.
Al-Toubi said, “The Finance Committee continues to vote on some budget items, and among the things that Article 29 voted on is the employee’s 5-year vacation with a nominal salary, during which he can work in the private sector, provided that the certificate is not counted for him if he studies during the vacation period.”
He explained that "the retirement contributions were the subject of controversy within the committee regarding the employees who were recently confirmed, as if they wanted to calculate their actual service, they had to pay the retirement contributions, which are 7% for the employee and 15% for the department, but in fact the employee is the one who pays it in full, Therefore, there was controversy because we want to pay it in installments to the employee for a period of five years.”
He added, “Among the things that were proposed and added to the budget is postponing the collection of debts from farmers up to 200 million dinars and less than that, provided that it is postponed for a period of three years for those required to advance the Agricultural Bank, and the committee also voted to return (the mobile recharge card tax), and although the Council The ministers canceled it three months ago, but the committee added it again,” noting that “this paragraph may be reconsidered, and in all cases it will be presented to Parliament for a vote, and it may be rejected.”
In an interview with the official Al-Sabah newspaper, Al-Toubi confirmed that "there are amendments to the general budget that have been received from the Council of Ministers, but so far they have not been presented to the committee." Views 162 05/18/2023 - https://economy-news.net/content.php?id=34275
Finance Committee: The Budget May See The Light Next Saturday
Economy 05/18/2023 the number of readings: 198 Baghdad - Iraq today: A member of the Parliamentary Finance Committee in the Iraqi Parliament stated that there are controversial articles among the political parties in the general budget law, which have not been voted on, especially those related to the Kurdistan region, noting that it is likely to vote on the bill next Saturday.
A member of the Parliamentary Finance Committee, Jamal Cougar, said in a press interview that the Finance Committee continued its meeting late last night, to discuss and vote on the articles and paragraphs included in the draft general budget law for the year 2023, and the Meetings will continue today as well.
Cougar indicated that "those controversial articles in the draft law were not voted on, that were postponed for the last days, including the articles related to the Kurdistan region," noting that "the Finance Committee can finish its work next Thursday, and present the budget in the parliament on Saturday for a vote.” on her". LINK
Work A Plan Is Being Prepared For The Economic Empowerment Of Women
Iraq 2023/05/18 Baghdad: Batool Al-Hasani The Ministry of Labor and Social Affairs prepared a plan to empower women who benefit from protection benefits and help them improve their economic situation, while it showed that more than 467,000 families are headed by women and receive a social protection salary.
The Undersecretary of the Ministry for Administrative and Legal Affairs, Alaa Al-Sekini, told Al-Sabah: The Ministry is working to improve performance and raise the level of services provided to beneficiaries, both male and female, through realistic solutions to the problems and obstacles facing them, so that the goal is then achieved by providing actual services to all target groups, especially women.
And children, being the two most vulnerable groups in society, stressing that targeting poor families and the poorest areas is one of the ministry’s priorities, in addition to emphasizing the families headed by women in order to include them in the services provided by the ministry.
He added that a plan prepared by the Ministry is to form a work team to urge women beneficiaries of social benefits to enter courses to empower them and advance their economic situation and thus rise to the ranks of developed societies under the umbrella of the law, noting that the number of women-headed families registered with the Ministry exceeded 467 thousand families in Baghdad. and governorates, in addition to the thousands of families under coverage that were monitored by the research teams field.
Al-Sukaini explained that the Ministry is constantly organizing training courses for women and female graduates who do not benefit from social benefits with various skills and professions needed by the labor market and in a manner commensurate with their capabilities and academic achievement, and is also trying to find real job opportunities for them in coordination with the public and private sectors.
Edited by: Najm Sheikh Dagher https://alsabaah.iq/77169-.html
Parliamentarian: There Are Many Violations In The Budget Law That Prevent Its Approval
Posted On2023-05-17 By Sotaliraq 2023-05-17 Independent MP Hadi Al-Salami considered, on Wednesday, that the Parliamentary Finance Committee violated the law by holding a session with the government to discuss the budget law, indicating that there are many irregularities in the budget.
Al-Salami said, "The Parliamentary Finance Committee violated the rules of procedure of the House of Representatives because of holding meetings to discuss the budget law outside the parliament building."
And he indicated that “according to the rules of procedure of the House of Representatives, members of the House are entitled to attend committee meetings, and the meeting of the Finance Committee in the guest house of the Council of Ministers was an obstacle to the attendance of members of Parliament and participation in the meetings of the Finance Committee and discussing the budget law.”
He pointed out that "the budget law contains a number of legal and constitutional violations, including the reason for the delay in sending it from the Council of Ministers to the House of Representatives and not sending the final accounts for previous years."
Al-Salami stressed that "the government also violated the financial management law because of the deficit rate in the budget law and did not send detailed tables regarding the budget law."
He added, "There is a general tendency to vote on the budget law, provided that legal violations are overcome by reducing the deficit rate and amending some articles of the budget law."
Last March, the Iraqi Council of Ministers sent the tripartite budget law to Parliament, but so far the law has not been included in the agenda of parliamentary sessions. LINK
Finance Committee: The State Administration Requested That The Budget Amounts Not Be Affected
Posted On2023-05-18 By Sotaliraq The Parliamentary Finance Committee confirmed that the state administration coalition obligated it not to prejudice the budget amounts, pointing out the possibility of covering the deficit in full for this year. Committee member Jamal Cougar said, "The deficit included in the budget bill amounting to 64 trillion dinars is planned and not real, because it will be approved for a fiscal year that we have not passed."
And Cougar continued, “Bridge the deficit will be through a sum of money amounting to 23 trillion dollars, which was not spent in the past year.” And he pointed out, “The year has passed half of it, and this provides us with a return that it did not spend the investment budget for the past period.”
And Cougar stated, “The Finance Committee conducted negotiations with the ministries regarding its previous budget. We did not find there an institution that spent more than 80% of its budget.”
And Cougar stated, “If this percentage is repeated this year, and with it what is round, the deficit will not exist and it will be fully addressed.” He noted, "The ministers' hosting did not affect the deficit and reduce it, because we were facing a political decision issued by the State Administration coalition, not to approach the total amount of the budget, which is 198.9 trillion dinars."
Cougar pointed out, "Not getting close to the number, as this leads to the deficit remaining as it is," stressing that "the meetings showed us the imbalances in the budgets of the ministries and governorates, and we will address this through transfers."
He stressed that "a number of issues reached through the meetings related to amendments that should be made to the law." Cougar added, "The law has reached its final stages and may be presented to a vote next week or the next."
For his part, committee member Mueen Al-Kadhimi stated that "all the observations he presented during the second reading of the law were taken into account and discussed."
He stressed, "The conclusion will be submitted to the House of Representatives and the State Administration Alliance," expecting that "the final draft of the law will be prepared next week, so that it will be put to a vote." And Al-Kazemi continues, “Some of the articles will set multiple options, leaving the deputies to vote for one of them.”
And he stressed, “The ratification of the law will be during the current month, until it takes its way to implementation.” Al-Kazemi talked about “discussions with the Ministry of Finance in order to prepare the introductions to the instructions for implementing the law so that there will be no delay after the approval comes.”
He stressed, “The agreement has secured the entry into force of the law to proceed with the ministerial curriculum at the beginning of next month.”
Al-Kadhimi stated, "The law carried 800,000 job degrees, which is the fixation of contracts based on laws issued earlier, and thus the number of employees has increased to one million and 100 thousand, and this number needs 60 trillion dinars to secure salaries."
And he stressed, “The salaries of these new appointees are after the approval of the budget, because its texts included financial coverage for them.” It is noteworthy that the Finance Committee has been holding meetings since last month with ministries, agencies and governorates, after Parliament completed the second reading of the draft, with the aim of preparing the final formulations and presenting it to a vote. LINK
Parliamentary Finance Confirms That The Budget Is Close To Being Resolved: We Worked With All Our Energy To Reduce The Deficit
Political | 09:23 - 05/18/2023 Baghdad - Mawazine News, a member of the Parliamentary Finance Committee, Faisal Al-Naeli, said, on Thursday, that the committee "worked with all its energy" to reduce the deficit, as permitted by legal regulations and within the maximum limits to reduce the deficit difference
News /, that “the budget paragraphs will soon be finalized.”
And he indicated, “The committee hosted many figures concerned with the budget, including the Minister of Finance, and clarification was made from them on all matters related to the budget paragraphs, and the minister was discussed with what the rest of the ministers put forward and the points proven by the Finance Committee
And he pointed out that "the budget discussions have decided its paragraphs in an approximate and final manner, and therefore the reading of its paragraphs will be completed to be sent to the House of Representatives for a final vote." https://www.mawazin.net/Details.aspx?jimare=227108
Deputy Reveals Government Amendments To The Budget
Political | 11:41 - 05/18/2023 Baghdad - Mawazine News, a member of the Parliamentary Finance Committee, Saad Awad Al-Tobi, revealed, on Thursday, that the government had made amendments to the draft budget law, indicating that these amendments had not been presented to the committee yet.
Al-Toubi said, “The Finance Committee continues to vote on some budget items, and among the things that Article 29 voted on is the employee’s 5-year vacation with a nominal salary, during which he can work in the private sector, provided that the certificate is not counted for him if he studies during the vacation period.”
He explained that "the retirement contributions were the subject of controversy within the committee regarding the employees who were recently confirmed, as if they wanted to calculate their actual service, they had to pay the retirement contributions, which are 7% for the employee and 15% for the department, but in fact the employee is the one who pays it in full, Therefore, there was controversy because we want to pay it in installments to the employee for a period of five years.”
He added, “Among the things that were proposed and added to the budget is postponing the collection of debts from farmers up to 200 million dinars and less than that, provided that it is postponed for a period of three years for those required to advance the Agricultural Bank, and the committee also voted to return (the mobile recharge card tax), and although the Council The ministers canceled it three months ago, but the committee added it again,” noting that “this paragraph may be reconsidered, and in all cases it will be presented to Parliament for a vote, and it may be rejected.”
In an interview with the official newspaper, "Al-Sabah", and followed by Mawazine News, Al-Toubi confirmed that "there are amendments to the general budget that have been received from the Council of Ministers, but so far they have not been presented to the committee." Ended 29/N33