Clare » May 21st, 2023
Deputy for the law: On Monday, a special session to vote on the budget law
The representative of the State of Law Coalition, Aref Al-Hamami, suggested that a special session be held to vote on the provisions of the Federal Budget Law next Monday.
Al-Hamami told Al-Furat News that: “The Finance Committee is working on completing the budget law day and night, and there are only a few days to complete it,” suggesting that “the session for voting on all its items will be held next Monday.”
He added, “The rise in oil prices helps revive the budget and reduces the deficit in it, and it will also facilitate the work of government curricula.”
Al-Hamami continued, “We demanded an increase in the amount of petrodollars, which will compensate for the imbalance in the budget, as 80% of the budget will go to completing the lagging strategic projects in all governorates.”
He explained, “About 143 billion dinars from this budget will be from ongoing projects in the past.”
First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, revealed in a press statement that the parliament will start voting on the general tripartite budget, starting on Monday, May 22. LINK
Shakhwan Abdullah addresses Parliamentary Finance regarding the budget
On Saturday, Shakhwan Abdullah, Second Deputy Speaker of Parliament, called on the Parliamentary Finance Committee to expedite the completion of discussions and prepare the federal budget law for a vote on it.
And his office stated in a statement, which “NAS” received a copy of (May 20, 2023), that “Abdullah presided this evening, the meeting of the Parliamentary Finance Committee, in the presence of the chairman and members of the committee.”
Abdullah called for “the need to expedite the completion of discussions for all articles of the federal budget bill for the years 2023, 2024 and 2025, and to prepare the law for a vote on it.”
And he appreciated “the continuous efforts of the Finance Committee to pass this important law that all our people are waiting for.” LINK
Source: Dinar Recaps
Clare » May 21st, 2023
Expert: The funds allocated to endowments in the budget are equivalent to 27 tons of gold
Economic expert Manar Al-Obeidi revealed, on Sunday, that the money allocated to religious endowments is equivalent to about 30 tons of gold.
Al-Obaidi said in a post on Facebook, “The total budget of religious endowments in the 2023 budget is around 2 trillion Iraqi dinars, equivalent to 27 tons of gold.”
He added, “The total budget of the Ministry of Industry is 1.1 trillion Iraqi dinars, the budget of the Ministry of Agriculture is 1.9 trillion Iraqi dinars, and the budget of the Ministry of Water Resources is 1 trillion Iraqi dinars.” LINK
Parliamentary Finance: The budget will be passed “easily”
The Parliamentary Finance Committee suggested, on Sunday, that the draft budget would be completed tomorrow, Monday, at the latest, indicating that the law would be passed “easily.”
Committee member Jamal Cougar said, “The draft budget will be completed within the Finance Committee on Monday at the latest, because the remaining matters do not exceed three paragraphs and all matters have been resolved, as the issue of the region’s share remains, the issue of transfers is resolved, and the issue of the paragraphs that parliament intends to add to the budget.” “.
And he added, “As for passing the budget, it will be passed easily for a number of reasons, the first of which is that everyone is waiting for the budget because it serves all segments of society, and secondly, that the blocs that make up the government are themselves in control of Parliament and therefore the oversight apparatus will go to pass the budget easily, and thirdly that there are no major changes that have occurred.” on the budget, and therefore what came from the government will mostly be passed.”
He explained, “This year’s budget will be passed with its deficit, and as for the budget of the next two years, a restriction has been added to it, which is that the government is mandated to send schedules,” ruling out that “there will be an appeal from Parliament in the draft budget, because it is possible that the budget is presented to (the coalition of management State) or there is a session for him regarding it, and thus Parliament will not delay in voting on it after it has been voted on in the Finance Committee.
In an interview with the official Al-Sabah newspaper, Cougar said, “The amendments that arrived from the government to the draft budget are simple, as the numbers are the same, but there is a variable number, which is the number of the region’s employees, which has changed, as the number has been reduced, not increased.” LINK
Source: Dinar Recaps
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