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Category: Iraqi Budget 2018

Fuad Masum has signed final draft budget 2018

Fuad Masum has signed final draft budget 2018

The Speaker of Iraqi Parliament Salim Al-Jubouri issued a statement that draft budget law 2018 has become a law after successful voting by the Ministers Council. He added that any kind of issue regarding the budget 2018 can be challenged in the Iraqi Federal Court. Al-Jubouri added in his press statement that there isn’t any kind of rejection formula in the Iraqi constitution in a way of veto and it can’t be adopted as a way to disapprove. He further…

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Iraq has Started Consultation with the IMF on Iraqi Budget 2018: Saleh

Iraq has Started Consultation with the IMF on Iraqi Budget 2018: Saleh

On Monday, the economic adviser to the Iraqi Prime Minister, Muhammad Saleh issued a press statement. He said that Iraqi government has started negotiations and consultations with the IMF (International Monetary Fund) regarding the implementation of Iraqi financial budget for the year 2018. Saleh said in his statement that there isn’t any kind of dispute between Iraq and the IMF, but there is just a difference in views. He pointed out that Iraqi officials have started consultations with the IMF…

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New Taxes in Iraqi Budget 2018 will Decrease Iraqi Dinar Value: Economic Expert

New Taxes in Iraqi Budget 2018 will Decrease Iraqi Dinar Value: Economic Expert

On Tuesday, a famous economic expert Salam Samisem said that taxes in the Iraqi federal budget 2018 will lead to a significant amount of decrease in the income and the value of Iraqi dinar currency. She stressed that it will be an extra amount of burden on Iraqi citizens. Samisem said in a press interview with Mawazine News and said that the Iraqi citizens might become victim of double-taxation after the implementation of new taxes. She also indicated that it…

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Parliament Voted on 5 Decisions and Sent for Final Vote on Iraqi Budget 2018

Parliament Voted on 5 Decisions and Sent for Final Vote on Iraqi Budget 2018

The Iraqi House of Representatives has started its 13th regular session. The Speaker of the House of Representatives, Salim Al-Jubouri conducted session on Thursday in the presence of 180 deputies. The session took place to vote on the financial budget law draft 2018 and the House voted on 5 parliamentary resolutions. A statement issued from the Information Office of the Iraqi House of Representatives that the House Speaker congratulated all those who participated in finalizing Iraqi budget 2018. Al-Jubouri stressed…

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Voting on Iraqi Budget 2018 on Tuesday 27th Feb 2018: Al-Tamimi

Voting on Iraqi Budget 2018 on Tuesday 27th Feb 2018: Al-Tamimi

The Iraqi Parliamentary Finance Committee announced that there are some major and essential amendments in the paragraphs of draft budget law for the fiscal year 2018. A member of the Finance Committee, Majida Abdul Latif Tamimi said in a press statement that a number of alterations have been made in the Iraqi budget 2018. New amendments include some clauses to ensure greater interest to state employees and Iraqi citizens. It includes the elimination of the paragraph regarding deduction of 3.8%…

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Iraqi Budget 2018 Finalized after some Amendments: Al-Tamimi

Iraqi Budget 2018 Finalized after some Amendments: Al-Tamimi

On Sunday, a member of the Iraqi Parliamentary Finance Committee, MP Majda Al-Tamimi said that Iraqi budget draft is added in today’s parliamentary session to finalize its 2nd reading. The current Iraqi budget draft includes some amendments made by the Iraqi federal government. Al-Tamimi issued a press statement that 2nd (final) reading on Iraqi budget for the financial year 2018 added in today’s session. She pointed out that 2nd reading shouldn’t be considered voting, second reading generally invite the other…

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Postponement of Iraqi Budget 2018 and its Negative Effects on Kuwait Donor Conference

Postponement of Iraqi Budget 2018 and its Negative Effects on Kuwait Donor Conference

On Wednesday, the Advisor of Economic Affairs to the Iraqi Prime Minister, Muhammad Saleh issued a statement that the donor conference will be held on 12th February 2018 in Kuwait. A joint international mechanism will be adopted to watch over the funds to be provided to Iraq. Saleh added in his statement about the current Iraqi position that Al-Abadi has focused in finding corruption and corrupt elements in order to eliminate them. It has been considered a specific program within…

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Continuous Rise in the Oil Prices Would Support Iraqi Budget 2018: Saleh

Continuous Rise in the Oil Prices Would Support Iraqi Budget 2018: Saleh

On Sunday, the financial adviser to the Iraqi Prime Minister, Muhammad Saleh issued a statement that a continuous increase in the global oil prices would compensate Iraq for its massive loss during last 4 years. Saleh said in his statement that oil prices experiencing a continuous rise in the global oil markets and it would handsomely compensate a major portion of Iraqi federal budget. Point to be noted that Iraq experienced most critical condition during last 4 years due to…

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