Iraq's Parliamentary Finance Committee to discuss amending Budget Law, 1 DEC

Iraq's Parliamentary Finance Committee to discuss amending Budget Law

Shafaq News/ Iraq’s Parliamentary Finance Committee is set to discuss amendments to the country's public budget law in the coming days, with officials from both the federal government and the Kurdistan Regional Government (KRG).

Faisal Al-Naili, a member of the committee, told Shafaq News that the committee would hold a meeting soon to discuss the proposed changes to the budget law. “Following the meeting, several officials from the Ministry of Finance and Ministry of Oil, as well as KRG representatives, will be invited to attend discussions.”

Al-Naili explained that after reviewing the amendments and hearing from officials, a date for the second reading of the law will be set.

In late November, the committee examined the draft of the first amendment to the federal budget law for 2023-2025 (No. 13 of 2023).

Atwan Al-Attwani, head of the committee, stressed the importance of these laws, noting the formation of a committee to assess and monitor revenue distribution to achieve sustainable development.

The committee also reviewed provisions of the First Amendment to the law on the export of oil in the Kurdistan Region, stressing the importance of refining the law to meet the required objectives, including the collection of detailed data and figures.

Additionally, the committee discussed the proposed amendment to the Federal Revenue Allocation Monitoring Authority Law (No. 55 of 2017).

The Iraqi parliament approved the 2023-2025 budget law in June of last year, with a total value of 197.828 trillion Iraqi dinars ($152.2 billion) for 2023, and a budget deficit of 64.36 trillion dinars ($49 billion).

Iraq is done & Ready to roll the new rate tomorrow , 1 DEC

Majeed  

Today, Saturday, which is a weekend 

Iraq announced completing the new financial system 100% and they will implement what the council of minister ordered EX: adjusting salaries on the new rate according to law 22 of 2008 

Iraq is done & Ready to roll the new rate tomorrow 

LFGGGG

 GOLDEN AGE 

MAJEED: IRAQ IS ADJUSTING SALARIES WITH THE NEW RATE & STABILIZING THE I...

Iraq’s Parliament faces disputes over key legislation on Property Law and Personal Status, 1 DEC

Iraq’s Parliament faces disputes over key legislation on Property Law and Personal Status

Shafaq News/ Discussions are still ongoing among political parties within Iraq’s parliament about removing the "Property Restitution Law" from the agenda of today’s session, Independent lawmaker Jawad Al-Yassari revealed on Sunday.

The law, which aims to return properties seized by the previous Baathist regime, is currently listed as the last item on the agenda.

Al-Yassari told Shafaq News that “the General Amnesty Law and the Personal Status Law are expected to be passed together as part of a single package,” noting that there is a political agreement to approve both laws if today’s session takes place.

However, Al-Yassari added that if Kurdish political factions oppose the removal of the Property Restitution Law from the session’s agenda, the session will be postponed until further notice.

The proposed laws face political disagreements in the Iraqi parliament. The Property Restitution Law has been a contentious issue, with Sunni political blocs opposing the law’s full implementation, while Shia factions object to the law’s provisions regarding the inclusion of Kirkuk but not other areas. 

The law aims to return properties confiscated by the former regime, particularly to Kurdish and Turkmen citizens.

The Personal Status Law is also facing widespread debate, especially concerning issues of marriage, divorce, and inheritance. Additionally, Sunni lawmakers are pushing for the passage of the General Amnesty Law, which is opposed by Shia factions due to concerns over the potential release of individuals accused of terrorism.

MAJEED: Another salary will be paid tonight : ADJUSTING SALARY SCALES BASED ON LAW NO. 22 OF 2008, 1 DEC

 MAJEED

Labor launches social assistance salaries for December Another salary will be paid tonight This is the first time to pay multiple different salaries to a different beneficiaries in one day Remember : yesterday meeting said “ we will implement what we council of ministers requested” One of them was adjusting salary scales Bases on Law No 22 of 2008

FIREFLY: HERE ARE THE MONETARY REFORMS POLICIES IN ACTION CONTROLLING THE BLACK MARKET!!

 

Government Advisor: Financial inclusion to increase from 20% to 48%, 1 dec

 Government Advisor: Financial inclusion to increase from 20% to 48%

The Prime Minister's Advisor for Financial and Economic Affairs, Mazhar Muhammad Salih, confirmed that financial inclusion in Iraq, represented by bank accounts, has increased to 14 million, with 20 million users.

He pointed out in a press statement that “Iraq is witnessing a boom in adopting e-governance as a basis for integrity and financial efficiency.”

He explained that "national indicators confirm that financial inclusion in Iraq has increased from 20% to 48% at present compared to previous years."

He added, "The basis of financial inclusion is the number of personal bank accounts, as inclusion aims to enable individuals and companies to access financial services appropriate to their needs in an easy and reasonable manner, while ensuring legal protection and transparency