Political conflicts cast a shadow over the fate of the budget.. When will it see the light?
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Political conflicts cast a shadow over the fate of the budget.. When will it see the light?

2022-02-16 | 03:20
Report: Alsumaria News
entered Iraq in mid-February of the year 2022 and until now the federal budget for the current year has not seen the light, on which many young people, the unemployed and contracts put hopes to find what provides them with a decent living, in addition to political promises to adjust the exchange rate of the dollar against the dinar In the new budget to reduce the burdens on the citizen, at a time when a politician stressed that the current government is a caretaker government and does not have the authority to legislate laws, including the draft federal budget, an economic expert indicated that the failure to legislate a general budget for the current year will directly affect the projects in progress and projects originally sluggish.
The Rapporteur of the Parliamentary Finance Committee in the former parliament, Ahmed Al-Saffar, confirmed that the current government is a caretaker government and does not have the power to legislate laws, including the draft federal budget.
Al-Saffar said in an interview with Alsumaria News, "The budget law differs from the rest of the laws on the grounds that it is a temporary law for one year and expresses the ministerial curriculum and the government program, and it is a reflection of the financial policy and performance plan that is part of the ministerial curriculum," noting that "the current government is a government." A business conductor and does not have the authority to legislate laws, and even if the government's draft budget is ready, the time is no longer sufficient for it to send it to the House of Representatives in order to legislate it."
Al-Saffar added, "The advent of any new government means that there is a new vision, a new financial and economic policy, a platform and a different government program, which makes it start with a new budget project in line with the current data, especially since global oil prices have risen today to double what they were in last year's budget, in addition to to an increase in non-oil revenues and poverty rates,” noting that “expectations were referring to two options: either keeping the current year without a budget and adopting the disbursement from the 2021 budget according to the Financial Management Law at a rate of 1/12, or preparing a semi-annual budget or less than this timing, and this leaves traces It is very big in many respects.
He stressed that "there is a large financial surplus, which makes us need a budget with new expectations through which it can benefit from the financial surplus in many sections to achieve economic development and provide new job grades," stressing that "the appointments depend on the creation of new job grades that fall into the budget draft." .
EconomistNasser Al-KinaniHe stressed that the failure to legislate a general budget for the current year will directly affect the projects under implementation and the projects that are originally lagging, given that what will be spent is limited to operating expenses only and allocated to salaries.
Al-Kinani said in an interview with Alsumaria News, "Within the political conflicts between the blocs and the difficulty of forming a new government, the possibility of legislating a budget for the current year is a very difficult matter. Considering that the disbursement will be at a rate of 1/12 for operating expenses only. As for the projects that are under implementation and originally lagging, they will have the greatest damage because they will stop as a result of the lack of a budget, in addition to the problems associated with the lack of creating job grades.
Al-Kinani added, "There is a very high poverty rate, and there is also a percentage of it that is below the poverty line, in addition to the problem of appointments and the spread of unemployment due to job slack, as there are nearly nine million people who receive salaries from the state between employees and retirees or social care, which is A large and exaggerated number and drains a lot of budget allocations," noting that "the government should focus on the issue of activating the private sector and revitalizing other vital sectors to contain those large numbers of manpower."
LINK
RamblerNash- GURU HUNTER
- Posts : 24021
Join date : 2015-02-19

» Al-Nasiri: The 2021 budget is the budget of the Iraqi people, and its submission to political conflicts is enough
» Gulf crisis cast a shadow over the Baghdad conference
» Crimean crisis» will not cast a shadow on the Iraqi economy
» Iranian nuclear deal cast a shadow on the Iraqi economy
» Deterioration of the value of Iranian Altoman cast a shadow on the religious tourism
» Gulf crisis cast a shadow over the Baghdad conference
» Crimean crisis» will not cast a shadow on the Iraqi economy
» Iranian nuclear deal cast a shadow on the Iraqi economy
» Deterioration of the value of Iranian Altoman cast a shadow on the religious tourism
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Cabinet Approves Loan Agreement for Water Supply and Sanitation Project in Baghdad
» Wiley Morgan of Gen64 on Skype Chat Friday Night ~ Updated 6/10
» Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency
» Al-Rasheed Bank announces the removal of its name from the list of international sanctions of the Charter of the United Nations
» The United States allocated 140$ million to support Iraq
» USD/IQD exchange rates climb in Baghdad
» NOPEC Law
» Turkish lira weakens to 15.16 against dollar
» Here's my guess
» Tony and Twitter
» Hamza Al-Jawahiri to / NINA /: The survival of quotas and consensus will not achieve any sustainable development for the national economy / expanded
» The appearance of Muhammad Salih to / Nina /: This is how the surplus oil revenues are disposed of
» USD closes slightly higher in Baghdad on Sunday
» The Central Bank of Iraq 75 years in the face of economic challenges
» (Budget Reserve) may see the light next Wednesday
» Al-Kazemi's advisor puts forward a proposal to double growth rates
» VOTE -- Who Is The Worst Dinarland INTEL Provider Today?
» “Dedicated to Service” on Instagram
» Rehabilitation of the Church of the Virgin Mary in the province of Basra within the Tamkeen project for community initiatives
» 95% of Iraqi revenues still come from oil
» CBI foreign currency sales hike in April
» Where does the excess oil price differentials go?
» Introducing myself...
» Amer Al-Jawahiri to / Nina /: Improving economic activities in the local market is more stable than deleting confusing zeros
» Iraq's oil generates more than 10 billion dollars in one month
» USD/IQD exchange rates inched up in Baghdad
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Exchange rate game in Iraq: how speculators grossed millions of dollars in 48 hours scheme
» Holly: "Remember we are not in the know of all that goes on behind the scenes" (More Guessing Games...Just What Everybody Needs! LOL) 7/13/21
» RV INTEL BY TEXAS SNAKE, BOB LOCK AND ED OCALA (Three Blind Mice? LOL) 12/8/21
» Technical Adviser to the Prime Minister: The positive effects of changing the exchange rate will be felt more after 3 years
» An economist stresses the need to invest surplus money from oil revenues in profitable projects
» CBI sells +212$ million in the forex auction on Monday
» USD/IQD exchange rates drop in Baghdad
» Outdated laws are a major economic challenge for the next government, Allawi says
» (Initial agreement) to reduce the amount of the emergency support law to 23 trillion dinars
» Planning announces a rise in the monthly and annual inflation rate in Iraq
» Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad
» Mazhar Muhammad Salih: The Central Bank's balance is three times more than the government's external debt