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Tag: 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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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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Iraqi Budget 2018 Reached in Iraqi Parliament for Voting

Iraqi Budget 2018 Reached in Iraqi Parliament for Voting

On Wednesday, a member of the Iraqi Parliamentary Finance Committee, Majida Al-Tamimi issued a statement that the draft budget bill 2018 has arrived in the Iraqi House of Representatives. She also confirmed that 12.68% in the total amount of federal budget 2018 included for the Kurdistan Region. Al-Tamimi said in a press interview that the Presidency of the House of Representatives has received a copy of the draft budget law 2018 on Wednesday evening. She indicated that the Iraqi federal…

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The Share of Kurdistan in Iraqi Budget 2018 Reduced at 12.67%

The Share of Kurdistan in Iraqi Budget 2018 Reduced at 12.67%

The total estimated value of Iraqi federal budget 2018 is amounted at 85.33 trillion Iraqi dinars ($71.65 billion) with an estimated deficit of 22.78 trillion Iraqi dinars ($19.13 billion). One of the famous Iraqi economists said that the Iraqi budget will not exceed 110 trillion Iraqi dinars. The Iraqi government has dedicated 20% projects for the reconstruction in the destructed areas liberated from Daesh and other terrorist gangs. The draft law of Iraqi budget 2018 shows the total share of…

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Iraqi Budget 2018 will be Presented in the Parliament Next Month: Saleh

Iraqi Budget 2018 will be Presented in the Parliament Next Month: Saleh

On Saturday, the financial adviser to the Iraqi Prime Minister, Muhammad Saleh issued a statement that the Iraqi federal budget 2018 is in its final preparation. He added that the draft bill for Iraqi budget 2018 will be presented next month according to constitutional time in the Council of Ministers. Saleh further added in his statement that the content of the draft bill for the budget 2018 is designed maximum possible non-oil resources. He added that the trend of the…

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