The Federal Budget Law for the year 2019, voted in the House of Representatives and ratified by the Presidency of the Republic

2/5/2019

In the name of the people, the
Presidency of the Republic
on the basis of what was approved by the House of Representatives and approved by the President of the Republic and based on the provisions of item (I) of Article (61) and Article (III) of Article (73) of the Constitution.

The following law was issued:Law No. () of 2019
Federal Budget Law of the Republic of Iraq for the fiscal year 2019
((Chapter I))
Revenues

Article 1 First-a- Federal budget for the fiscal year / 2019 revenue is estimated at the amount (105 569 686 870) thousand dinars (one hundred and five trillion five hundred and sixty – nine billion six hundred and eighty – six million Tmnmaip seventy thousand dinars) as Shown in (Table A / Revenues as per the preparation) attached to this law.

B) Calculation of the revenues from the export of crude oil based on the rate of (56) dollars (fifty six dollars) per barrel and an export rate of 3880000 barrels per day (three million eight hundred thousand barrels per day), including (250000) barrels per day (two hundred and fifty) Thousand barrels per day) for the quantities of crude oil produced in the Kurdistan region on the basis of the exchange rate (1182) dinars per dollar and all revenue is actually achieved a final revenue for the state treasury.

Second: The ministries and entities not affiliated with the Ministry and the provinces and the Kurdistan Regional Government are obliged to record all amounts of cash grants obtained under the memorandums of understanding with foreign governments or institutions as final revenues of the Federal General Treasury. The Federal Ministry of Finance shall reallocate them for the purposes granted for them in coordination with the Federal Ministry of Planning.

Third: The amounts donated to ministries and entities not connected to the Ministry, the provinces and the Kurdistan Regional Government shall be recorded after their acceptance by the Federal Minister of Finance as final revenue to the Federal General Treasury, provided that the Federal Minister of Finance allocates them to the appropriations of the Ministry or the entity not connected to the Ministry of Disbursement.

The amounts of grants or donations from foreign governments and institutions to ministries and entities not affiliated with the Ministry, the governorates, the provincial councils and the KRG under the memorandums of understanding or the private sector shall be recorded as final revenues for the Treasury, whether these grants and contributions are in the form of technical assistance or projects Training courses), with their guesswork being recorded in the records of the ministry or the non-affiliated with the ministry or the regions and governorates and the provincial councils concerned.

Acceptance of cash or in kind grants and re-allocation in coordination between the beneficiaries and Of the Federal Ministries of Planning and Finance.

Fifth: The amounts of grants and unused subsidies shall be calculated from the amounts allocated to the government departments and public sector companies by the end of the fiscal year 2018 in accordance with the accounting standards used to calculate the final disbursement.

The excess or overpayment amounts on this basis shall be considered as an advance payment on the grant account allocated to the department or unit per year financial 2019.

((Chapter II))
expenditure and deficit
Article (2) First: Expenses – The amount of (133107616412) thousand dinars (one hundred and thirty three trillion and one hundred and seven billion six hundred and sixteen million and four hundred and twelve thousand dinars). For the fiscal year 2019 including, the amount of internal and external debt installments of (10792690780) thousand dinars (ten trillion seven hundred and ninety-two billion nine hundred and ninety-nine million seven hundred and eighty thousand dinars), distributed according to (field / 3 total expenditures) of (Table / Ministries) attached to this law.

1- The amount of (33048506408) thousand dinars (three and thirty trillion and forty-eight billion five hundred and six million and four hundred and eight thousand dinars) for project expenditures to be distributed according to (field /

2 expenditures of investment projects) from (Table / B expenditures by ministries) attached to this law. Including the amount of (5671236000) thousand dinars (five trillion and six hundred and seventy-one billion and two hundred and thirty-six million dinars) through foreign loans and (444432000) thousand dinars (four hundred and forty-four billion and four hundred and thirty-two million dinars) through borrowing from the Iraqi Trade Bank

(A) Current expenditures of (Table A / B expenditures by ministries) attached to this law, including the amount of the internal debt installments The exterior of (10792690780) thousand dinars (ten trillion seven hundred and ninety – two billion six hundred and ninety million seven hundred and eighty thousand dinars) the amount of benefits (4534073555) thousand dinars (four trillion five hundred and thirty – four billion seventy – three million five hundred and fifty – five thousand
dinars.)

3 The sum In the amount of (200000000) thousand dinars (m A billion dinars) contingency reserve within the provisions of other expenses for the budget of the Federal Ministry of Finance out of the allocations mentioned in item (I-2) referred to above.

4) An amount of (2 billion) thousand dinars (two trillion dinars) is allocated for the reconstruction and development of projects in all governorates.

The
Governor shall submit the plan for the reconstruction of the governorate and the districts and sub-districts approved by the Council of the province, depending on the plans drawn from the councils of districts and districts to the Federal Ministry of Planning for the purpose of study and approval to take into account the most affected areas within the province and to allocate allocations to maintain districts and Nau
Pass People of the
Presidency of the Republic

based on what passed the House of Representatives and approved by the President of the Republic and based on the provisions of subsection (I) of Article (61) and item (iii) of Article 73 of the Constitution.

The following law was issued:Law No. () of 2019
Federal Budget Law of the Republic of Iraq for the fiscal year 2019
((Chapter I))
Revenues

Article 1 First-a- Federal budget for the fiscal year / 2019 revenue is estimated at the amount (105 569 686 870) thousand dinars (one hundred and five trillion five hundred and sixty – nine billion six hundred and eighty – six million Tmnmaip seventy thousand dinars) as Shown in (Table A / Revenues as per the preparation) attached to this law.

B) Calculation of the revenues from the export of crude oil based on the rate of (56) dollars (fifty six dollars) per barrel and an export rate of 3880000 barrels per day (three million eight hundred thousand barrels per day), including (250000) barrels per day (two hundred and fifty) Thousand barrels per day) for the quantities of crude oil produced in the Kurdistan region on the basis of the exchange rate (1182) dinars per dollar and all revenue is actually achieved a final revenue for the state treasury.

Second: The ministries and entities not affiliated with the Ministry and the provinces and the Kurdistan Regional Government are obliged to record all amounts of cash grants obtained under the memorandums of understanding with foreign governments or institutions as final revenues of the Federal General Treasury. The Federal Ministry of Finance shall reallocate them for the purposes granted for them in coordination with the Federal Ministry of Planning.

Third: The amounts donated to ministries and entities not connected to the Ministry, the provinces and the Kurdistan Regional Government shall be recorded after their acceptance by the Federal Minister of Finance as final revenue to the Federal General Treasury, provided that the Federal Minister of Finance allocates them to the appropriations of the Ministry or the entity not connected to the Ministry of Disbursement.

The amounts of grants or donations from foreign governments and institutions to ministries and entities not affiliated with the Ministry, the governorates, the provincial councils and the KRG under the memorandums of understanding or the private sector shall be recorded as final revenues for the Treasury, whether these grants and contributions are in the form of technical assistance or projects Training courses), with their guesswork being recorded in the records of the ministry or the non-affiliated with the ministry or the regions and governorates and the provincial councils concerned.

Acceptance of cash or in kind grants and re-allocation in coordination between the beneficiaries and Of the Federal Ministries of Planning and Finance.

Fifth: The amounts of grants and unused subsidies shall be calculated from the amounts allocated to the government departments and public sector companies by the end of the fiscal year 2018 in accordance with the accounting standards used to calculate the final disbursement. The excess or overpayment amounts on this basis shall be considered as an advance payment on the grant account allocated to the department or unit per year financial 2019.

((Chapter II))
expenditure and deficit
Article (2) First: Expenses – The amount of (133107616412) thousand dinars (one hundred and thirty three trillion and one hundred and seven billion six hundred and sixteen million and four hundred and twelve thousand dinars).

For the fiscal year 2019 including, the amount of internal and external debt installments of (10792690780) thousand dinars (ten trillion seven hundred and ninety-two billion nine hundred and ninety-nine million seven hundred and eighty thousand dinars), distributed according to (field / 3 total expenditures) of (Table / Ministries) attached to this law.

1- The amount of (33048506408) thousand dinars (three and thirty trillion and forty-eight billion five hundred and six million and four hundred and eight thousand dinars) for project expenditures to be distributed according to (field / 2 expenditures of investment projects) from (Table / B expenditures by ministries) attached to this law.

Including the amount of (5671236000) thousand dinars (five trillion and six hundred and seventy-one billion and two hundred and thirty-six million dinars) through foreign loans and (444432000) thousand dinars (four hundred and forty-four billion and four hundred and thirty-two million dinars) through borrowing from the Iraqi Trade Bank

(A) Current expenditures of (Table A / B expenditures by ministries) attached to this law, including the amount of the internal debt installments The exterior of (10792690780) thousand dinars (ten trillion seven hundred and ninety – two billion six hundred and ninety million seven hundred and eighty thousand dinars) the amount of benefits (4534073555) thousand dinars (four trillion five hundred and thirty – four billion seventy – three million five hundred and fifty – five thousand
dinars.)

3 The sum In the amount of (200000000) thousand dinars (m A billion dinars) contingency reserve within the provisions of other expenses for the budget of the Federal Ministry of Finance out of the allocations mentioned in item (I-2) referred to above.

4) An amount of (2 billion) thousand dinars (two trillion dinars) is allocated for the reconstruction and development of projects in all governorates.

The
Governor shall submit the plan for the reconstruction of the governorate and the districts and sub-districts approved by the Council of the province, depending on the plans drawn from the councils of districts and districts to the Federal Ministry of Planning for the purpose of study and approval to take into account the most affected areas within the province and to allocate allocations to maintain Cadaver and nouveau.

http://tasrebat.news/archives/117694

  • Central Bank: The preparation of exchange companies in Iraq is the largest in the region
  • 1/21/2019


BAGHDAD (Reuters) – Iraq’s central bank governor Ali al-Alak said on Monday that Iraq has the largest exchange companies in the region and a number of countries in the world, stressing that these companies are not just "small shops".

"The number of exchange companies in Iraq is the largest in the region, but the largest in many companies located in the countries of the world," he said, noting that "this reflects the importance of these companies and their role and the nature of the economic reality in the country."

"The Central Bank is maintaining the stability of the exchange rate, which is a goal to achieve real growth and stability, which is the essence of monetary policy to achieve economic stability in the country and exchange companies are playing an important role in this framework and any imbalance will be reversed," adding that
" Companies and make them close to keep pace with developments in the world. "

Al-Alak pointed out that "the bank asked exchange companies to take steps is to assemble companies from the forces capable of development and keep pace with global development," pointing out that "some companies have forgiven for several reasons."

"The world is currently living in an age where these companies can not be a small shop that opens in a short time and closes at a certain time, but these companies must perform vital work and provide services parallel to financial institutions," he said.

http://almasalah.com/ar/news/161742/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D8%B9%D8%AF%D8%A7%D8%AF-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%B1%D8%A7%D9%81%D8%A9-%D8%A8%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%AA%D8%B9%D8%AF-%D8%A7%D9%84%D8%A7%D9%83%D8%A8%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D9%86%D8%B7%D9%82%D8%A9

Parliamentary Finance intends to reduce the sale of hard currency and open the auction file
1/17/2019



, a source in the parliamentary Finance Committee, on Thursday, the Commission ‘s intention to open an auction sale currency file, while noting that it would take several measures to reduce the sale of hard currency.


The source said in an interview for Alsumaria News, "The Finance Committee will work in the next few days to open the file auction currency in order to codify the waste in the sale of hard currency, which is the Central Bank,"


noting that "it is unfair that the bank sold more than 300 million Dollars per day without reflecting on the services and imports of customs and taxes to maintain the exchange rate. "


The source, who asked not to be named, said that "this caused great damage to the Iraqi economy and its inputs through which are compensated state budgets,"


noting that "the Finance Committee is taking urgent measures to reduce the sale of the Central Bank of hard currency amounting to about 100 million dollars Daily instead of $ 300 million a day through strict control to reduce waste of public money. "


It is noteworthy that the Central Bank is conducting daily meetings to buy and sell foreign currencies, except public holidays, which stops the bank from these auctions.

https://www.alsumaria.tv/news/258176…D8%B9%D8%A8/ar

Iranian tendency to delete 4 zeros from the national currency
1/6/2019

head of the "Alolaiaan" in the Islamic Shura Council , Hamid Reza Haji Babaei, Sunday that announced the cancellation of four zeros from the national currency is included on the agenda.

Hamid Reza Haji Babaei in a press statement briefed on the participation of the Governor of the Central Bank of Iran Abdul Nasser Hamati today in a meeting of "the House of Representatives of States" in the Islamic Shura Council, noting that my interest was presented during this meeting a report on the performance of the Central Bank in different fields.


The Iranian parliamentarian said that "Hamati stressed during this meeting that the government of Lador has a high exchange rate of foreign currencies."


"The governor of the Central Bank of Iran believes that the main problem in the country is not in foreign currency but in riyal, and has been standing in front of checks that are sold and bought in Dubai," Haji Babaii said.


"The road is open to China and Korea and the road to establishing relations with India is being opened," he said. "There have also been good talks with Turkey."


"The liquidity of 1,700,000 billion has lost 30 percent of its power as a result of inflation. We intend to delete four zeros from the national currency, which should be done quickly," Hamati was quoted as saying.

https://www.almaalomah.com/2019/01/06/380098/