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Parliament approves 2015 budget worth 119 trillion dinars and a deficit of 25 trillion dinars
Thursday, January 29, 2015
Voice of the House of Representatives, on Thursday evening, the draft federal budget for the current year worth in excess of Al119 trillion dinars (about US $ 115 billion) and a deficit of about 25 trillion dinars (about US $ 22 billion) .
A source in the Council's "The House of Representatives voted, on Thursday evening, the federal budget for the 2015 law." He added that "the total budget totaled 119 trillion and 585 billion, 322 million and 783 thousand dinars," pointing to "achieve the deficit in the budget of 25 trillion and 401 billion 235 million and 783 thousand dinars." He pointed out that "the budget included revenue of $ 94 trillion, 48 billion, 364 million and 139 thousand dinars."
The Council of Representatives, on Thursday evening (January 29, 2015) its ninth in the second legislative term for the adoption of the draft federal budget, headed by Salim al-law and the presence of 255 deputies, and the voice of the Council during the meeting to determine the price of a barrel of oil in the general budget for 2015 on the basis of $ 56 as well as the rest of the paragraphs included in the law.
The vote on the budget this morning faced three major obstacles which necessitated the postponement of the parliamentary session for approval twice until six in the evening local time. The differences centered on installing the amount of oil exported via the province of Kurdistan and the financial allocations for the fighters popular crowd of volunteers and national reconciliation project.
Has been resolved a dispute over oil that the Kurdistan region to export its oil through the Federal National Product Company "Sumo" minus domestic consumption that at least the production of it as agreed 550 000 barrels of Kirkuk province and 2.75 million barrels of Basra provinces.
The national reconciliation allocations were monitoring a $ 25 billion dinars (about US $ 22 million) to be the enactment of her, and this amount will be dedicated within which the three presidencies of the Republic and the parliament and the government also .. As decided to include the 50 000 volunteers from the sons of the hot areas occupied by "Daash" into the popular crowd for volunteers under the name of National Guard and has been allocated two billion dinars (about two million dollars).
And the distribution of Iraq's budget for the current 2015 and ratified by the House of Representatives during its Thursday 59 articles where the total value of 119 trillion Iraqi dinars (about $ 115 billion), based on $ 56 per barrel after reduced from $ 60 as it was in an earlier draft of the project budget and a deficit of $ 25 billion dinars (about US $ 22 billion).
Share of the Kurdistan region of constant budget 17% (about 18 billion dollars), but the amount has been less about 1.625 trillion dinars to reach 20.23 trillion dinars.
Parliament, the judiciary and human rights budget
Parliament also approved the House of Representatives budget of $ 424 billion dinars (about $ 410 million) and the Judicial Council budget Supreme amounting to 411 billion dinars (about 380 million US dollars) .. and was allocated 20 billion dinars for the Human Rights Commission ($ 18 million).
Budget allocated 9000 degrees and careers of new Ministries of Education, Interior, and the allocation of $ Trliunin and 400 billion dinars (about two billion dollars) for the displaced have been distributed salaries monthly rate of 400 000 dinars (about $ 350) for each displaced family with the imposition of stamp duty allocates the proceeds going to support the displaced levied from citizens at Their review of government departments.
And petro-dollar project budget amounts for the oil-producing provinces have been allocated an one dollar for every barrel produced by the province where these amounts to be paid directly to those producing provinces and refined oil. .. With the exception of Basra province to grant dollars and a half dollar for every barrel of a product or a duplicate with the increase in these amounts in the event of rising oil prices.
Budget trillion dinars also spotted (a little less than a billion dollars) for the reconstruction of areas affected by military operations against al "Daash" and other amounts to the Sunni Endowment for the reconstruction of mosques destroyed in the liberated areas. And reached allocations for staff salaries and Altqaeidin 51 trillion dinars (about $ 46 billion) allocated for security and defense 31 trillion dinars (about US $ 26 billion).
Budget and provided for reducing the number of government vehicles for senior officials and decided to allocate 5 cars each of the heads of the Republic and the parliament and the government and 4 cars to their deputies and each minister is Bdrjtah 3 cars each and Undersecretary of the Ministry and Bdrzinh two cars and each general manager and Bdrjtah one car.
Budget cut of $ 150 billion to 115 billion
Budget and reached the current value of around 115 billion Dolarbad first reduction was from the continued value of $ 150 billion. In order to reassure the public fears of the impact of these cuts on the needs of the living and the services provided to them was the parliament speaker Salim al-Jubouri said that the budget cuts will not affect employees or retirees or social protection network in addition to the salaries of the ministries of defense and health allocations. Government and the girl in the preparation of the budget previously on the basis of a price of $ 60 per barrel of oil, but oil prices recently fell to below $ 48 a barrel now forced her to adopt the $ 56 per barrel.
The Iraqi government announced last week the formation of a crisis cell headed by its president and membership of Ministers of specialists to deal with the economic situation tired .. A government source said after a meeting of the Council of Ministers headed by Haider al-Abadi said the government decided to set up a crisis cell under his chairmanship and membership of the Finance Minister Hoshyar Zebari and Oil Adel Abdul-Mahdi, planning Salman Jumaili Ali Keywords Governor of the Central Bank in addition to the appearance of Mohammed Saleh Economic Adviser to the Prime Minister will determine the priorities of the government and areas of public spending and fill the budget deficit. It also decided to set up a crisis cell in every ministry of the Ministries of State shall cut costs and seek to increase the financial resources to the public treasury. The cell will put the government's priorities and the doors of the exchange has also been delegated the use of experts and professionals in their work.
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Thursday, January 29, 2015
Voice of the House of Representatives, on Thursday evening, the draft federal budget for the current year worth in excess of Al119 trillion dinars (about US $ 115 billion) and a deficit of about 25 trillion dinars (about US $ 22 billion) .
A source in the Council's "The House of Representatives voted, on Thursday evening, the federal budget for the 2015 law." He added that "the total budget totaled 119 trillion and 585 billion, 322 million and 783 thousand dinars," pointing to "achieve the deficit in the budget of 25 trillion and 401 billion 235 million and 783 thousand dinars." He pointed out that "the budget included revenue of $ 94 trillion, 48 billion, 364 million and 139 thousand dinars."
The Council of Representatives, on Thursday evening (January 29, 2015) its ninth in the second legislative term for the adoption of the draft federal budget, headed by Salim al-law and the presence of 255 deputies, and the voice of the Council during the meeting to determine the price of a barrel of oil in the general budget for 2015 on the basis of $ 56 as well as the rest of the paragraphs included in the law.
The vote on the budget this morning faced three major obstacles which necessitated the postponement of the parliamentary session for approval twice until six in the evening local time. The differences centered on installing the amount of oil exported via the province of Kurdistan and the financial allocations for the fighters popular crowd of volunteers and national reconciliation project.
Has been resolved a dispute over oil that the Kurdistan region to export its oil through the Federal National Product Company "Sumo" minus domestic consumption that at least the production of it as agreed 550 000 barrels of Kirkuk province and 2.75 million barrels of Basra provinces.
The national reconciliation allocations were monitoring a $ 25 billion dinars (about US $ 22 million) to be the enactment of her, and this amount will be dedicated within which the three presidencies of the Republic and the parliament and the government also .. As decided to include the 50 000 volunteers from the sons of the hot areas occupied by "Daash" into the popular crowd for volunteers under the name of National Guard and has been allocated two billion dinars (about two million dollars).
And the distribution of Iraq's budget for the current 2015 and ratified by the House of Representatives during its Thursday 59 articles where the total value of 119 trillion Iraqi dinars (about $ 115 billion), based on $ 56 per barrel after reduced from $ 60 as it was in an earlier draft of the project budget and a deficit of $ 25 billion dinars (about US $ 22 billion).
Share of the Kurdistan region of constant budget 17% (about 18 billion dollars), but the amount has been less about 1.625 trillion dinars to reach 20.23 trillion dinars.
Parliament, the judiciary and human rights budget
Parliament also approved the House of Representatives budget of $ 424 billion dinars (about $ 410 million) and the Judicial Council budget Supreme amounting to 411 billion dinars (about 380 million US dollars) .. and was allocated 20 billion dinars for the Human Rights Commission ($ 18 million).
Budget allocated 9000 degrees and careers of new Ministries of Education, Interior, and the allocation of $ Trliunin and 400 billion dinars (about two billion dollars) for the displaced have been distributed salaries monthly rate of 400 000 dinars (about $ 350) for each displaced family with the imposition of stamp duty allocates the proceeds going to support the displaced levied from citizens at Their review of government departments.
And petro-dollar project budget amounts for the oil-producing provinces have been allocated an one dollar for every barrel produced by the province where these amounts to be paid directly to those producing provinces and refined oil. .. With the exception of Basra province to grant dollars and a half dollar for every barrel of a product or a duplicate with the increase in these amounts in the event of rising oil prices.
Budget trillion dinars also spotted (a little less than a billion dollars) for the reconstruction of areas affected by military operations against al "Daash" and other amounts to the Sunni Endowment for the reconstruction of mosques destroyed in the liberated areas. And reached allocations for staff salaries and Altqaeidin 51 trillion dinars (about $ 46 billion) allocated for security and defense 31 trillion dinars (about US $ 26 billion).
Budget and provided for reducing the number of government vehicles for senior officials and decided to allocate 5 cars each of the heads of the Republic and the parliament and the government and 4 cars to their deputies and each minister is Bdrjtah 3 cars each and Undersecretary of the Ministry and Bdrzinh two cars and each general manager and Bdrjtah one car.
Budget cut of $ 150 billion to 115 billion
Budget and reached the current value of around 115 billion Dolarbad first reduction was from the continued value of $ 150 billion. In order to reassure the public fears of the impact of these cuts on the needs of the living and the services provided to them was the parliament speaker Salim al-Jubouri said that the budget cuts will not affect employees or retirees or social protection network in addition to the salaries of the ministries of defense and health allocations. Government and the girl in the preparation of the budget previously on the basis of a price of $ 60 per barrel of oil, but oil prices recently fell to below $ 48 a barrel now forced her to adopt the $ 56 per barrel.
The Iraqi government announced last week the formation of a crisis cell headed by its president and membership of Ministers of specialists to deal with the economic situation tired .. A government source said after a meeting of the Council of Ministers headed by Haider al-Abadi said the government decided to set up a crisis cell under his chairmanship and membership of the Finance Minister Hoshyar Zebari and Oil Adel Abdul-Mahdi, planning Salman Jumaili Ali Keywords Governor of the Central Bank in addition to the appearance of Mohammed Saleh Economic Adviser to the Prime Minister will determine the priorities of the government and areas of public spending and fill the budget deficit. It also decided to set up a crisis cell in every ministry of the Ministries of State shall cut costs and seek to increase the financial resources to the public treasury. The cell will put the government's priorities and the doors of the exchange has also been delegated the use of experts and professionals in their work.
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