Chairman of the Finance Committee MP Haitham al-Jubouri reveals details of sovereign expenditures

by **claud39** on Sun Aug 18, 2019 8:19 am

[size=32]Chairman of the Finance Committee MP Haitham al-Jubouri reveals details of sovereign expenditures[/size]

18/08/2019

Chairman of the Finance Committee MP Haitham al-Jubouri reveals details of sovereign expenditures %D9%84%D8%AC%D8%A7%D9%86-%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3-800x445

Chairman of the Finance Committee MP d. Haitham al-Jubouri Details of sovereign expenditures in the federal budget.

He stressed d. Al-Jubouri said that the Minister of Finance appeared in one of the television channels, while mentioning a very small part of the sovereign expenditures in the federal budget after the media circulated what the minister said that these expenses are all sovereign expenditures.

The Chairman of the Finance Committee that the reality of sovereign expenditures is the "Secretariat of the House of Representatives, the Presidency of the Republic, the Secretariat of the Council of Ministers, the Prime Minister, the Popular Mobilization Commission, the Ministry of Foreign Affairs, the Anti-Terrorism Authority, the Ministry of Defense, the Federal Supreme Court, the Independent High Electoral Commission It includes the expenses of elections, the accountability and justice commission, the Property Claims Commission other than compensation, the Office of the Inspector General of the Property Claims Commission, the Iraqi Commission for Radioactive Sources, the Iraqi National Intelligence Service, the Office of the Inspector General of the National Intelligence Service. ”

Al-Jubouri pointed out that the expenses also include “the wages of negotiations and legal claims, the wages of the International Audit Company and the Committee of Northern Experts, and the contribution to the cost of producing crude oil exported and the amounts of Arab and international contributions, except those included within the“ Ministry of Defense, House of Representatives, Ministry of Foreign Affairs and the current expenses of the Directorate. Civil Affairs, Passports, Residence, Border Forces Command, Federal Police, and Investment Projects for both the Directorate of Civil Status and Residency, including the Unified Card, Border Forces Command, Border Ports Directorate as well as the Security Council. National co-financing projects and ports and railway projects and projects of dams and public utility projects and environment projects and licensing contracts throughout the administration of Iraq, the Office of the Federal Financial Control. "

The Chairman of the Finance Committee stated that the expenses include “Integrity Commission, Human Rights Commission, interest on World Bank loans, interest on IMF loans, interest on Italian loan, interest on IDB loan, interest on JICA loans, interest on German loan, interest on US loan JBIC, interest on JBIC loans, interest on Swedish loan, interest on Chinese loan, interest on UKEF loan, interest on German Siemens loan, export guarantee interest, sovereign guarantee interest, interest on French loan plus interest on Chinese loan International market for Agricultural Development and the Saudi interest on the loan and interest on the Kuwaiti loan and interest on the loan Italian SACE and interest on the restructuring of external debt restructuring at the Paris Club and benefits on re-structuring of external debt on countries outside the Paris Club. "

Dr. Haitham al-Jubouri pointed out that the sovereign expenditure includes “the interest of bonds on amortizing private sector debt abroad, the interest on the dues of the Arab Monetary Fund on the structure of the indebtedness of Iraq, the interest on the foreign debt bonds Eurobond, the interest on the dues of the Arab Fund for Economic Development, the interest on the bonds on amortization. Overseas Private Sector Debt, Interest on Treasury Remittances Auctions as well as Interest on Old Treasury Remittances and Treasury Remittances Under the Legal Reserves of Rafidain, Rasheed and Iraqi Trade Bank as Per 2015 Budget Law D. Treasury Remittances according to the transfer of the Iraqi Trade Bank under the budget law for the year 2015 and the benefits of the treasury transfers under the transfer of financing to foreign oil companies under Article “34” of the 2015 budget law from both the banks of good and Rafidain and the Iraqi Trade Bank and the benefits of treasury transfers discounted by the Central Bank Iraqi law Budget for the year 2016 and the benefits of treasury transfers through the Pension Fund under the 2015 budget law and interest on loans granted by the Trade Bank of Iraq under the law of 2015 and 2016 budgets and the interest of national bonds in Iraqi dinars and interest on loans granted by government banks for housing employees of liberated areas Treasury Remittances Under Legal Reserve by Government Banks “Noting that Expenditures in them” Benefits of Treasury Remittances Under Cabinet Decisions Nos. 97 and 400 of 2013 by Government Banks, Treasury Remittances B Council of Ministers Resolution No. (50) of 2014 to finance the budget deficit, the benefits of treasury transfers under the Council of Ministers' resolutions No. 70 and 74 for the year 2015, export guarantee premiums, repayment of old treasury bond issuance payments, repayment of treasury transfers “auctions” Local Bonds, Kuwait War Compensation, Premiums on Treasury Transfers from the Bank

The Chairman of the Finance Committee pointed out that the sovereign expenditures also relate to the treasury remittances premiums pursuant to the Council of Ministers Resolution No. 50 of 2014 to finance the budget deficit, the treasury remittances premiums pursuant to the Council of Ministers' resolutions No. 70 and No. 74 of 2015, the installments of loans granted by Iraqi Trade Bank under the law of the budgets of 2015 and 2016, repayment of installments of external debt restructuring of Paris Club countries, repayment of installments of external debt restructuring of countries outside the Paris Club, settlement of debts abroad, cash settlement of small debts of the private sector abroad, repayment of IMF dues ArabiAbout Iraq debt restructuring agreement, repayment of IMF loans, repayment of World Bank loans, repayment of US loan installments, repayment of JICA loans, repayment of sovereign guarantees, repayment of Italian loan installments, repayment of German loan Siemens, Islamic Development Bank loan, repayment German loan installments, repayment

The Chamber of Deputies
Information
Department 17/8/2019

http://ar.parliament.iq/2019/08/18/%d8%b1%d8%a6%d9%8a%d8%b3-%d8%a7%d9%84%d9%84%d8%ac%d9%86%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%a7%d9%84%d9%86%d8%a7%d8%a6%d8%a8-%d9%87%d9%8a%d8%ab%d9%85-%d8%a7%d9%84%d8%ac%d8%a8%d9%88-3/