* MPs to vote on budget bill tomorrow; Oil revenue allocation provides citizens 10m IQD ($8,500 US) each
ERBIL, Feb. 22 (AKnews) – MPs will vote on the budget bill tomorrow after receiving the Finance Committee’s final report on the proposed legislation.
Second Deputy Speaker of the House of Representatives Aref Tayfur said no parties, including the Kurds, have objected to the bill as a whole.
Kurdish MP and member of the Finance Committee Najiba Najib said another article was added to the bill earlier concerning compensation for citizens who lost their property as a result of Saddam Hussein’s Arabization policy. According to the article, compensation will be awarded provided that the court supports the claim.
AKnews previously reported that 52bn IQD ($45m) has been allotted to the budget to reimburse families affected by Arabization. Kurdish politician Shorsh Haji said this figure was sufficient for “only 5,000 families”.
“The total number of families to be compensated reaches almost 650,000 in the Kurdistan region alone,” he said at the time.
Reports estimate each family will be given 10m IQD ($8,500).
According to the final report of the Finance Committee the budget stands at 117tr IQD ($100bn). Some 19.8tr ($17bn), equivalent to 17 percent, will go to the Kurdistan Regional Government.
The news follows renewed threats from Ahrar parliamentary bloc to boycott the budget vote unless its demands are met.
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* And finally .. Next week the adoption of the budget
BAGHDAD / Osama Al-Husseini said an MP for the National Alliance faith Waeli Sunday: “The debate continues to loom over the meetings of the Iraqi Parliament on the adoption of the fiscal budget which is the largest in the history of the country as a result of objection deputies lot on their present and their demands for amendments to its terms.” she said Waeli told the future that “the delay in the adoption of the budget last a lot of economic projects in the country is that next week will see the adoption of the budget for this year.” and noted that: “not to adopt the House’s budget this year, until the moment is delaying the process of building and construction and to the Council of House of Representatives only to accelerate their approval to avoid the Iraqi economy, more waste of money and the delay in productive work and that this delay may impact on the investment budget and directed economic work in the country from the reality of construction and reconstruction to the reality of consumption and that the ministries have shifted from producer to consumer. “
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Budget Endorsement Needs Political Settlements Among Blocs
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General Budget is “a Lie”, National Alliance MP
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New Economy Transformation: Obama Budget Won’t Help
The military spending cut is real for the first time, but only about one percent of the Pentagon’s total.
View full post on FPIF Latest Content
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* Najafi asserts that it will vote on the current year budget next Monday
Sumerian News / Baghdad said Iraqi Parliament Speaker Osama Najafi, said Thursday that next Monday will vote on the budget for the current year 2012, stressing that the delay adoption of the budget has caused significant damage in the areas of investment. Nujaifi said during a session of the House of Representatives today, “Today we must complete all of our discussions on the general budget for the current year 2012 and resolve all differences which even called us the command to move the session to late at night in order to preserve the interests of the citizens related to the budget, “asserting that” next Monday will vote against it. ”
said Najafi that “the delay adoption of the budget has caused damage large in the areas of investment and other sectors directly related to the interests of citizens. ” and Finance Minister Rafie al-Issawi, in December of 2011, for approving the government to balance Iraq in 2012 that of 117 trillion dinars and a deficit of 14 trillion dinars, and the adoption of the production of 2.0006 million barrels day and at $ 85 per barrel. and The Council of Representatives, on Thursday February 16 present, its the 20 of the second legislative term of the year the second legislative, headed by Speaker Osama Najafi and the presence of 223 deputies, with parliamentary source that the meeting will vote on the exemption request the Mayor of Baghdad Sabir Issawi from his position and vote on eight bills, and the continuing discussion of the draft law of the financial budget for the year 2012. The speaker of the House of Representatives Osama Najafi, in the 28 of November 2011, the need to expedite the completion of the annual budget for 2012 during a short period, stressing the need not to prejudice the rights of provinces in pumping money into ventures and investments, as he emphasized the International Fund that works to reduce and reduce the current budget in the budget for Iraq in 2012. The Iraqi Ministry of Planning announced (22 September 2011), that the financial budget for the year 2012, will range between 112 and 120 billion dollars, saying that 35% of which are earmarked for the investment budget, while the last budget year 2011 of $ 81.9 billion deficit of $ 13.3 billion.
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* Presidency of the parliament issued an order granting leave or not to dispatch the deputies only after the adoption of the budget
A source in the House of Representatives that the President of the Council Osama Najafi, issued an order not to grant leave or deployment of Representatives only after the adoption of the budget for the financial year (2012).
The source said in a press statement said Najafi issued an order after its consultation with the Presidency not to grant any leave or send to the members of the Council until after the budget bill for fiscal year (2012), pointing out that the mail is distributed to the members of the House of Representatives and its application. The source added that the sender of the members of the book also emphasizes the importance of adopting the financial budget for the implementation of investment projects, as well as the expected launch of appointments. Number of reading: 63 Monday, February 13, 2012
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Obama sets out tax rises for rich in budget
Republicans slam $3.8tn budget, which includes tax hikes on wealthy and new jobs programmes, as an “insult to taxpayers” View full post on AL JAZEERA ENGLISH (AJE)
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