"Tidbits From TNT" Sunday 6-11-2023
TNT:
Tishwash: The Council of Ministers holds an emergency session headed by the Sudanese
Today, Sunday, the Council of Ministers held an emergency session, headed by Prime Minister Muhammad Shia'a Al-Sudani.
And the media office of the Council of Ministers stated in a statement that "the Council of Ministers held an emergency session chaired by Prime Minister Muhammad Shia'a Al-Sudani" to discuss and evaluate the implementation of the government program.. link
Tishwash: Al-Fateh: The oil and gas law will be passed after the budget is approved
The representative of the Al-Fateh Alliance, Muhammad Karim, confirmed today, Sunday, that the decision to vote on the articles related to the Kurdistan region in the draft federal general budget will pave the way for the approval of the oil and gas law.
In an interview with Al-Maalouma, Karim said, "The controversial articles that were voted on regarding the region will be fixed," pointing out that "the articles pertaining to the region will be the basis for approving the oil and gas law."
He added, "Voting on controversial articles related to the Kurdistan region went through a difficult labor," noting that it "has been completed and all problems will be resolved and the future relationship between the region and the center will be organized."
Karim pointed out that "controversial articles 13 to 19 will remain in their details in the next two budgets 24 and 2025 until the approval of the oil and gas law, in addition to that they were based on constitutional articles."
And the House of Representatives voted, at dawn on Sunday, on 18 new articles in the budget, while adjourning its session to one o’clock this afternoon. lin
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Tishwash: After a difficult labor... Completing the approval of the budget is the first step in economic stability in Iraq
Economic experts considered that the federal budget law for the next three years is a step forward towards economic stability. However, the law for the next two years remains guiding and subject to modification according to oil prices and the nature of revenues and expenditures in the coming years. As for the 2023 budget, it remains She is the law.
The economic researcher, Nabil Jabbar Al-Ali, explains in a statement to Al-Maalouma, that "as long as the submission and approval of budgets by successive governments or parliaments has been faltered for several reasons, including those related to technical and logistical matters related to budget preparation, and others related to political reasons or obstacles, such as those Related to disputes over budget items, or those related to the legal and constitutional dimensions of budget legislation, such as the presence of a caretaker government, as happened in 2022, or the absence of parliament, as happened at the end of 2021, or political confusion and the expansion of protests, as is the case in 2020.
He added, "The idea of enacting a budget for three years may be correct and at least guarantees that governments will implement their government program and approach during their tenure in power, and such a step may lead to conducting medium strategies in writing budgets instead of building them on the basis of timely and narrow ones."
For his part, economist Diaa Mohsen confirmed in a statement to Al-Maalouma that the importance of public budgets in Iraq lies in the relative GDP of the country, as it may contribute more than 50 percent of the annual GDP, although governments implement nearly 75 percent of the budgets are on an ongoing basis, which is the operational part of it, whether approved or not, but the size of the impact represented by the remaining ones, which is about 25 percent of the budgets (the investment part), is clear on the sectors of the Iraqi economy
"It is still too early to analyze the budget items because they have not been announced until today, and what was announced is the budget statement that clarifies the general visions of the budget and some frameworks for spending," he said, noting that "The statement did not explain to us extensively the mechanisms for protecting funds, but the general statement mentioned the existence of government intentions to automate sectors related to tax and customs and plans to collect fees related to energy consumption.
In addition, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, believes that the government's preparation of a three-year budget provides a vision for Iraq's financial future.
He explained, in a press statement, followed by Al-Maalouma, that “the financial management law in force No. Six of 2019, as amended, talks about the annual budget, and that it is okay for the state to present a financial plan that contains estimates and forecasts for the coming years, so that the House of Representatives and legislators have a vision of how the conduct of the state's financial affairs," pointing to "his support for this trend."
He added, "The draft approval of the budget for the coming years by the Council of Ministers remains indicative and subject to modification depending on oil prices and the nature of revenues and expenditures in the coming years. As for the 2023 budget, it remains the law," noting that "the initiation of approving a budget for the next three years gives the legislator a vision for Iraq's financial future in the medium term to prepare for all possibilities. link
Mot: ... and then - a Baby is Born!!!! ~~~~
Mot... Yet another ""Mot"" suggestion on Raising the Wee Folks! ~~
