Parliamentary Finance: The World Bank is pressing the government to reduce the salaries of employees in the budget of 2018 2017/11/18 15:28 [Where-Baghdad] A member of the parliamentary finance committee, Masood Haider, on Saturday, said that the federal government is determined to reduce the salaries of employees in the federal budget for 2018 by 20%, […]
The region agrees to reduce the proportion of its budget to 12% provided 2017/11/15 19:18 [Ayna-Baghdad] The Finance Committee in the Parliament of Kurdistan, on Wednesday, that the region will agree to allocate 12.67% of the budget for him, in one case only, not to deduct the sovereign expenditure of this ratio. According to a […]
A member of the Finance Committee parliamentary Ahmad Hama Rashid, Wednesday, that the draft federal budget for the year 2018 initial amounted to 108 trillions dinars as a public expenditure, indicating that the revenues amounted to 85 trillion.
Hama said in a statement that "public expenditure in the preliminary draft of the budget law for the year 2018 amounted to 108 trillion dinars, while the revenue amounted to 85 trillion," noting that "the deficit amounted to 22 trillion and 700 billion dinars."
He added that "the share of the region has been reduced by 5%, and this is contrary to previous agreements, which estimated the proportion of the budget of the province by population census," noting that "all Kurdish blocs will announce their withdrawal from the voting session in the event the government insisted on reducing the proportion of the region."
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Draft budget law 2018 will be discussed early next month and the reason !! 14-11-2017 02:45 PM Baghdad News – A member of the Finance Committee of the Parliamentary Governor of Sarhan, on Tuesday, discuss the draft law of the budget in 2018 early next month, for the travel of members of the Committee to […]
The Finance Committee of the parliamentary, on Tuesday, the size of fiscal deficit in the budget next year 2018 by about 21 percent.
The committee member Majida al-Tamimi said in a statement: "The committee seeks to cancel all deductions in the salaries of employees," adding that "the government estimated the amount of funds allocated for the budget next year by about 108 trillion dinars and a deficit of more than 22 trillion, Percent, "
She added that" the government will rely on internal and external debt and increase the diversification of sources and improve the performance of the economy to meet the budget deficit, "stressing that" the draft budget needs additional time to make adjustments to it.
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A member of parliamentary finance describes the measures to stop the bleeding of the currency as “slow” and warns of disaster Saturday, November 11, Alsumaria News / Baghdad Member of the Finance Committee Representative Hossam al-Aqabi, Saturday, the measures to stop the bleeding of hard currency “slow” and without the risk, warning of a major […]
The parliamentary Finance Committee, Saturday, the pledge of Prime Minister Haider Abadi to reconsider the wording of the budget items next year on the allocations of the Kurdistan region, stressing that Abadi promised that the allocation of the region is fair and satisfactory to all parties.
The committee’s decision Ahmed Hama said in a statement that "Prime Minister Haider Abadi promised to reconsider the provisions of the Kurdistan region and financial allocations," noting that "the promises of the government came after the opposition blocs and Kurdish parties to reduce them significantly."
"The government is seeking to receive all federal funds from the region, such as border ports, airports and oil to be distributed as salaries and allowances to the staff of the region after checking the names," Hama added.
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Member of the Finance Committee Representative Hossam al-Aqabi, Saturday, the measures to stop the bleeding of hard currency "slow" and without the risk, warning of a major disaster.
Al-Aqabi said in an interview with Alsumaria News that "the Parliamentary Finance Committee and since the beginning of the parliamentary session confirmed the seriousness of the error in which the Central Bank adopted the auction sale of currency instruments currently exist,"
noting that "there are many claims by us through interviews with officials of the Central Bank And official books on the need to modify these mechanisms to stop the case of depletion of hard currency.
Al-Aqabi added that "the remedial measures to stop the bleeding of the hard currency is still slow and without the size of the risks and warns of a major disaster in the event of continuing after the decline of the Iraqi reserves of hard currency to a level not exceeding 50 billion dollars,"
pointing out that "the management of the National Bank in a hidden and undeclared by Influential political figures make them above the law. "
He stressed that "there are materials included in the draft law on private banks will work on the development of binding controls on the work of banks and their dominance on the currency auction and the effects of how the private banks deal with public sector institutions."
The member of the Finance Committee parliamentary Magda Tamimi confirmed, earlier, the continued bleeding of hard currency in the auction of foreign currency, describing the auction as "bid’ah."
The Finance Committee of the parliamentary, on Tuesday, the deficit in the budget of 2018 that is not commensurate with international standards, indicating that oil revenues in 2018 increased this year by 12 trillion dinars.
"The budget of 2018 increased the proportion of expenditure on the budget in 2017 to a trillion dinars."
"The deficit in the budget for the next year is not commensurate with international standards and create a large gap," he said, adding that "the high dependence on oil revenues in the budget of 2018 to 12 trillion dinars, after it was in 2017 about 60 trillion and the next budget of 72 trillion dinars."
Parliamentary Finance: Iraq is bound by debt repayment until the year 2053 Date Posted 08/11/2017 11:47 AM The decision of the Finance Committee in the House of Representatives MP Ahmed Rashid, Iraq’s commitment to pay international debt of sixty-eight billion US dollars until the year two thousand and fifty-three, adding that this imposes additional burdens […]