Category: Budget

Economist The government’s tendency to diversify Iraq’s financial imports is “a good late step”

Economist The government’s tendency to diversify Iraq’s financial imports is "a good late step"
08/12/2017


Economic Affairs Specialist count haven, directed towards the diversification of Government and state income and reduce its reliance on oil exports in support of the General annual budget 95% to 85% is a good step, but it’s too late after that terrible Iraq budgets were dashed during more than a decade ago.


He said in a press statement that "planning and enacting laws and issue commands and controls and support non-oil productive sectors was a called observers and economists since 2005 until now, now that weak procedures and lack of rational plans caused by previous years budgets waste on useless investment projects, mostly funds went into the pockets of corrupt,

noting that Iraq’s agriculture investment and developed using modern methods of agriculture and irrigation and improved seeds and land reform and support for workers in the private sector produces an excellent income may constitute 20% of the overall budget especially if you steer agricultural production for export surplus of it to self-sufficiency and reduce the import of agricultural products with the development of the food industry and industries that depend on agricultural products as raw materials such as cotton, wool, leather, etc.


The Secretary stressed that "ignoring the private industrial sector over the past years encouraged the import and exit of national currency to import countries, disciplines and procedures through the years did not encourage, for example, owners of sewing machines recycling neglects this vital sector which he covers need Iraq during the 1990s and replaced by importing all market needs from neighboring countries as well as the electrical and electronic industries.


He noted that "support for the private industrial sector and restore his standing could make 10% of the general budget revenue and opens broad opportunities for action to eliminate unemployment plaguing the country, adding that the tourism sector both archaeological or recreational or religious can form a big number exceeds 15% of protections bestowed imports if used scientifically thoughtfully, as in the case of States which characterized the benefits as Iraq from having religious shrines and monuments and tourist areas."


He said the Government should accelerate the implementation of plans to involve other economic sectors producing income through investments and enacting laws issuing checks and support employees in these sectors, that oil prices could deteriorate in coming years by market fluctuations and shale oil production increased by to go to clean energy production reduces industrial States on oil as the main source of energy.

http://www.imn.iq/archives/185632

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Optical cable brings great economic returns to Iraq

Optical cable brings great economic returns to Iraq

09/8/2017 12:00 am

Serves all sectors and prepares an international crossing
Baghdad / Shukran al-Fatlawi
In order to boost economic revenues, in light of the financial crisis experienced by the country as a result of the decline of oil prices in the world markets, and to enable the possession of a government network secured will in turn establish an effective electronic government, as well as make the Internet available to all Iraqis at high speeds and cheap prices, Optical cable (SCIS).


Director General of International Network Services (SCIS) Ali Mohammed Al-Qasab The project was completed by the state-of-the-art national digital platform based on a network of high-capacity fiber optic infrastructure that enables the country to have a secure network that places it in the ranks of the developed countries and makes it a non-consumer producer of data and information.

He said the butcher in an interview with the "morning" to the economic project returns , saying: " The Iraqi government collects the amount of 17 percent of the total imports of the project (not profit) for the Ministry of Communications as well as 20 percent of the total revenue of the Ministry of Finance tax sales.

And accounted for 37 percent of The total revenue, which accounts for more than 65 percent of the profits, counted by the very large amounts in light of the economic distress experienced by the country as a result of the fall in world oil prices, which is considered the main source of the state budget.

"The cables of the sea and continued Alqasab that Iraq will be an international gateway to data stakes, which qualifies for the first time to benefit from it economically, explaining that: Iraq has not benefited from this resource before, where the Internet networks in the Gulf region and the Middle East cables marine, Around the world, stressing the cables that pass through the Egyptian Red Sea and Egypt or spread across the African continent,

and as the corridors of the sea is experiencing problems and difficulties in repairing cables when any cutting, and may take weeks to repair sometimes, but the new network will add corridors of the network cable Current freedom, will also increase the number of lanes linking Europe to the Middle East and the Far East.

He pointed out that the project works to provide secure infrastructure for the security and defense sectors through the processing of 6 light filaments and a length of 4000 km, especially the security and defense system, and is completely separated from any devices for the project, as well as providing ready infrastructure for projects of security surveillance cameras in cities, This system to 70 percent of the cost of connecting these cameras without a project.

Data Centers Al Qasab confirmed that the project ensures the establishment of giant data centers, which can be a product of information and knowledge, and provide local capacities and internal metro network, which opens the door to many applications in the field of health, education and e-government, as well as the revival of commercial applications.

It also provides the basic infrastructure for mobile operators to provide 3G services and future generations. It will also increase the gross domestic product of Iraq as well as increase the per capita income of Iraq in proportion to the speed of the Internet, according to several studies and data of the World Bank and many other competent organizations.

The project services concluded Director General for International Network speech explaining that the project is implemented and managed by the Ministry of Communications represented by the General Company for the services of the International Information Network and in partnership with each of the two (Aartlink and Symphonie Telecom), pointing out that Cisco is one of the supplied equipment and devices The project consists of advanced and modern switches which are responsible for technical support and maintenance of these devices.

http://www.alsabaah.iq/ArticleShow.aspx?ID=142283

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Tunisia: “2018 budget should be at 34 billion dinars” (Faisal Derbel)

Tunisia: “2018 budget should be at 34 billion dinars” (Faisal Derbel) … of the budget which should be around 34 billion dinars, according to him.

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Iran steps up Pressure on Iraqi Kurds to Halt Referendum

By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News.

Iran and the Kurdistan Regional Government (KRG) have become entangled in a war of words as the referendum on Iraqi Kurdistan’s independence nears. Both sides are now making veiled threats, which — if they materialize — could have serious consequences on stability in the region.

The Iranians, whether under the shah or the Islamic Republic, have worked hand in glove with the Kurds to undermine the Iraqi central government’s authority and thus should not be expected to be adamant about preserving the authority of the state at any cost.

Yet, according to Nazim Dabagh, the KRG representative in Iran, the situation right now is tense. Dabagh, who accompanied a delegation from his party, the Patriotic Union of Kurdistan (PUK), in meetings July 17 with Iranian officials, told Al-Monitor, “The Iranians say, ‘We are for the territorial integrity of Iraq and we will do everything to preserve it.’”

Dabagh is well-versed in Iranian politics, having served as a Kurdish representative in Tehran for most of the last four decades. “I personally think that holding the referendum without the approval of Baghdad and the neighboring countries, without a doubt, will cause problems.” When pushed on what kind of problems Iran could cause, Dabagh — who was speaking via telephone from Tehran — did not elaborate.

Another source familiar with the content of the PUK meetings in Tehran who does not want to be identified told Al-Monitor that the Iranians were angry about the referendum and reminded the Kurds about their deep mutual ties and how Iran had assisted the Kurds at critical junctures since 1975, and in recent years, having been the first country to shore up their defenses against the Islamic State in August 2014.

“As long as you halt the referendum, we will do everything for you within Iraq; we’ll help you implement Article 140 [of the Iraqi Constitution on disputed territories and Kirkuk] and press Baghdad to reinstate your share of the [Iraqi central government’s] budget,” said a top Iranian official according to the source familiar with the meetings. “However, if you go ahead with the referendum, we will do whatever necessary to stop it — things that you cannot even imagine,” warned the Iranian official, reportedly dressing down the PUK delegation.

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Iraq borrows from Japan 195 million dollars to repair the “electricity”

Iraq borrows from Japan 195 million dollars to repair the "electricity"

08/060/2017

the Iraqi Government said in a statement Sunday that Japan agreed to lend $195 million project contributes to fix a thermal power station in Basra, southern Iraq.

It noted that the agreement signed between the Iraqi and Japanese sides during the visit of Japanese Foreign Minister kentaro Sonora which met with Prime Minister, Haidar Abadi Saturday.

Iraq needs external financing the budget deficit, estimated at 25 trillion Iraqi dinars ($ 21.44 billion) for this year at a time It suffers from low world oil prices and the costs of fighting organization "ISIS" referred to the Iraq oil Chief producer of OPEC he is suffering from a chronic shortage of electricity.

Vulnerable network facing difficulty in meeting the demand after years of war, sanctions and neglect. Iraq reportedly spent $47 billion and electricity Ministry has not improved.

http://aliraqnews.com/%D8%A7%D9%84%D…%D8%B1-%D9%84/

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Postponement of the appeal case against some articles of the budget and its experts are sworn in

Postponement of the appeal case against some articles of the budget and its experts are sworn in 2017/8/3 14:16 The Federal Supreme Court charged five experts to write a report containing the technical aspects in the appeal against some articles of the General Budget Law for the current year, while decided to postpone the appeal […]

Postponement of the appeal of the budget to 21 August and experts submit their report in two weeks

Postponement of the appeal of the budget to 21 August and experts submit their report in two weeks
08/03/2017


The Supreme Federal Court assigned five experts to write a report containing the technical aspects of the appeal case against some articles of the General Budget Law for the current year, while it decided to postpone the appeal against Protocol No. 4 of 2016 to 28 of this month.


A statement issued by the Information Office of the Federal Supreme Court that "the court held its session today and considered a number of cases."

The statement added that "the court commissioned experts to appeal against some articles of the budget and commissioned them to the legal right.

" He pointed out that "the experts requested a deadline of 14 days for the purpose of preparing their report," explaining that "the meeting was postponed to 21 of this month in the hope of submitting the report before that date.

" He added that "the court decided to postpone the appeal against the Protocol 4 for the year 2016 to 28 of this month after the introduction of the Minister of Foreign Affairs in addition to his role as a third party in the case.

" The statement added that "the court also decided to postpone the case of former MP Mohammed al-Tai, who requested the decision to cancel the decision of the House of Representatives adopted at its [37] on 25/5/2017 and return to the membership of the House of Representatives, to 28 of this month, Which witnessed the absence of the plaintiff of the sessions and whether they were on official leave or without a legitimate excuse.

http://www.imn.iq/archives/183236

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The Federal Court is considering the appeal of the budget today

The Federal Court is considering the appeal of the budget today

03/8/2017 1:41 AM

BAGHDAD / Al-Sabah:
The Federal Supreme Court will hold a hearing on Thursday in five cases, including the appeal of 23 articles of the budget law, and the case of former MP Mohammed al-Tai on the return of a member of the House of Representatives.

The court said in a statement on Wednesday that it "will hold its meeting today to consider the cases on its agenda, and the first court case is to consider the appeal against (23) Article of the Federal Budget Law established by the Prime Minister in addition to his job,"

explaining that "The previous session had witnessed the election of five experts and two reservists to submit a report containing the technical aspects of the subject of appeal."

http://www.alsabaah.iq/ArticleShow.aspx?ID=141911

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The Federal Court will hear tomorrow the experts’ report on the budget appeal

The Federal Court will hear tomorrow the experts’ report on the budget appeal 2017/8/2 11:22 (Baghdad: Al Furat News) The Federal Supreme Court announced its agenda for the meeting on Thursday, and includes the consideration of five constitutional cases in the forefront of the appeal of {23} Article of the federal budget for the current […]