Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday AM Chat 10-24-16 Part 2 of 3
Rcookie Post on 2017 Budget
rcookie says():-karz Japanese International Cooperation Agency [JICA Event] the amount of $  million [thousand five hundred million dollars and will be financed in the amount of  million [three hundred million dollars] in 2017, for the purpose of financing projects for the ministries of oil, Construction and Housing and Municipalities and Public Works , water resources, electricity, industry and minerals, health, communications, transportation, and all of the Ministry of Health and the electricity of the Kurdistan region.
-karz Development Bank of the German [KFW] the amount of $  million euros [five hundred million euros] Pmaiedl  million [six hundred million dollars, the amount of it  million [one hundred and ninety million dollars] to finance the reconstruction of liberated areas projects from terrorism to 2017.
Italian -alkarz the amount of $  million [one hundred and sixty million dollars, will be financed [133.6] million [one hundred and thirty - three and six hundred thousand dollars] for each of the projects and the ministries of water resources and agriculture.
-alkarz US with $  million [Two billion seven hundred million dollars] to finance the needs of the Ministry of Defense. And it will be funded by an amount  million [one billion, six hundred and fifty - two million dollars] from him in 2017.
World Bank -karz amount of $  million [five hundred million dollars] to finance projects for the benefit of the Ministry of Electricity, the Municipality of Baghdad, Construction and Housing and public municipalities, Ministry of Finance and will be financed in the amount of 140 million dollars [one hundred and forty million dollars] from him in 2017.
- Authorize the Ministry of Finance to negotiate and borrow from the British Export Bank on the financing of infrastructure projects , including [water, sewer, and water desalination] the amount of $  [ten billion pounds sterling] that is funded amount  million [one hundred million dollars] of the amount above during the year / 2017 for desalination projects within the province of Basra.
-alkarz Swedish at $  million [five hundred million dollars] to finance the Ministry of Electricity Projects by [ABB] and guarantee [EKN] will be financed which $  million [one hundred and fifty million dollars] projects the ministry mentioned.
D - authorizes the Federal Minister of Finance after the Cabinet approval of the purchase of the two companies two Chinese [Norpenneko poly] amount  million [two billion five hundred million dollars] for the purpose of buying weapons and ammunition in a manner of payment term for each of the interior and defense ministries and the Authority the popular crowd and a counter - terrorism will be financing amount  million [eight hundred and thirty - three] million dollars from him in 2017.
E. - The government is issuing bonds to pay dues of contractors and farmers for the years [2014.2015, 2016.2017, then audited by the Federal Office of financial supervision in the case of inadequate estimates earmarked part of the federal budget for 2017 to cover the entitlements above Vlcil Minister propose a supplemental budget during the financial year in question.
[[Chapter III]] General and Final Provisions
rcookie says():Article -3 -
Limits the exchange of funds the main accounts of the expenses of the [compensation of employees, supplies services, intermediate goods, asset maintenance, capital expenditures, grants and subsidies and debt service, interest and other expenses, commitments and contributions , foreign aid, special programs, social welfare and the expenses of the projects approved in the general budget of the Federal Republic Iraq by the Federal Minister of Finance.
The concerned minister or the head of the body is related to the Ministry or the Governor or President of the Provincial Council of the power to exchange directly in the light of the earmarked funds within its annual budget and for the purposes set them under the spending approved by the Minister of Federal financial plan may not enter into a commitment to certifying more than what is intended in the general budget Federal.
Article -4 -
A-Federal Minister of Finance the power to conduct transfers between funds of the general budget of the Federal Republic of Iraq ratified in the annual federal budget at the level of the doors, sections and chapters and articles and types and sequence type and for each individual case.
B -ajul ministers and heads of departments not associated with the Ministry and governors of the provinces is associated with the province the power to conduct transfers between funds and spending units included in the Annual their budget by not more than 5%  [five percent] of the unit exchange for the unity of the other exchange is reduced allocations except for transfers of funds capital projects ,
taking into account the provisions of subsection ( 8 ) of section 9 of the financial management Act No.  for the year / 2004 that are not transfers of projects capital expenditure allocations to current expenditures , and that is a notice of the Ministry of Finance / Department budget authorized to transfer for the purpose of Mark.
C-authorizes the ministers and heads of departments not associated with the Ministry and governors and heads of provincial councils is related to the Ministry the power to conduct transfers between funds chapters current expenditure [service / commodity / asset] approved spending units listed maintenance within the annual budgets approved in the annual federal budget and that the notice The Ministry of Finance / Department be authorized to transfer the budget for the purpose of marking
The President of the Federal Council of Ministers and the Federal Minister of Finance joint use of the approved amounts
For the contingency reserve] set forth in item [First / c] of article  of the Act for the payment of incidental expenses after the entry into force of this law , if there is an urgent need to spend without being bound by the [local tunnel] and the lack of allocation to cover this need Reduction [3 ] billion dinars [three billion dinars] for each case .
If the amount exceeds the limit mentioned aggregated approval of the Federal Council of Ministers a proposal from the Federal Minister of Finance and the Federal Minister of Finance to prepare regulations for the use of the contingency reserve allocations within the instructions and implementation of annual federal budget.
Article -6 -
First , using the approved appropriations in this law to 31 / December of the year Fiscal 2017
Second: restrict the revenue earned during the financial year / 2017 revenue of the federal public budget until 12/31/2017, while the income received after the end of the financial year / 2017 are recorded revenue of the federal public budget for the financial year 2018
It may not make any transfers within the allocations [reconstruction and development projects of the regions and the provinces] between the provinces.
Authorizes the Minister of Construction and Housing and public municipalities federal authority to make transfers between own resources to the budgets of municipal institutions within the same province and conduct transfers within the service and merchandise expense and maintenance for each municipality institution.
rcookie says():Article 9
First: Kurdistan region 's share rose define [17%] Seventeen percent of the total actual expenditures shown in Table / d expenditures ruling] attached to this law and paid by the Federal Ministry of Finance and the approval of the Prime Minister.
Second: The proportion [17%] Seventeen percent of the Kurdistan region of total actual spending
[Current expenditures and expenses of the investment projects] of the general budget of the Federal Republic of Iraq ratified after excluding expenses of the sovereign [the House, the presidency, the cabinet secretariat, the prime minister, the State Department, anti - terrorism device, the Department of Defense, the Federal Court, the Electoral Commission for the elections ,
including election expenses, the accountability and justice, body suits property, except for the compensation, the Office of the Inspector General of property claims, the Iraqi body of radioactive sources, Iraqi National intelligence Service, the Office of the Inspector General on the National Iraqi intelligence, integrity Commission, Office of financial supervision, the UN High Commissioner human rights, wage negotiations and legal claims, administrative and financial expenses of printing bonds and credit rating of external debt,
for international auditing firm and the Committee of financial experts, to contribute to the cost of producing crude oil source, the amounts of Arab and international ,
including the contributions listed the contributions within each of the Ministry of Defence, the House of Representatives , Office of financial supervision, the State General Secretariat of the Council of Ministers and the Ministry], travel and nationality directorate, leadership and projects of border crossings, travel and citizenship,
borders and card uniform of the border forces, the National security Council, wages source transporting crude oil via Turkey, co - financing, port projects, rail projects , dam projects and public benefit, airspace management projects, the Supreme Committee for the Relief and sheltering displaced expenses,
interest on World Bank loans,
interest on the IMF loans, the benefits of the JICA loan,
interest on the Italian loan,
interest on the IDB loan,
interest on loans Japan Bank for international cooperation JBIC,
the benefits of a German loan,
interest on the US loan,
interest on deferred payment agreements,
interest on the restructuring of external debt structure of the Paris Club countries,
interest on the restructuring of external debt structure on countries outside the Paris Club,
the interest on foreign bonds to extinguish debt,
interest on the entitlements of the Arab Monetary Fund,
the interest on the remittances of Treasury auctions,
interest on remittances old Treasury,
the benefits of treasury transfers under the statutory reserve by each of the Rafidain and Rasheed Iraqi trade Bank by year / 2015 budget law,
the benefits of treasury transfers as Money trade Bank of Iraq under the budget Law for the year / 2015,
the benefits of treasury transfers under the transfer of the finance to foreign oil companies under Article  of the year / 2015 budget law by both the bank Rafidain and Rasheed Iraqi trade Bank,
the benefits of the Treasury discounted remittances with the CBI under the / 2016 budget law benefits treasury transfers through the pension fund under the 2015 budget law,
interest on loans under the Council of Ministers resolution No.  for the year 2014 by the trade Bank of Iraq in favor of the Ministry of Electricity,
interest on loans granted by the trade Bank of Iraq under the budgets of the law of 2015 and 2016, the national benefits of the bond in Iraqi dinars under the 2016 Act,
the benefits of treasury transfers under the Council of Ministers resolutions numbered  and  for the year 2013 by the State - owned banks,
the benefits of treasury transfers under the Council of Ministers resolution No.  for the year 2014 to finance the budget deficit,
the benefits of treasury transfers under the Council of Ministers resolutions numbered  and  for the year 2015, the premium versions of the old treasury transfers, pay premiums treasury transfers [auctions],
the payment of local bonds for 2015 [currency dollar bills,
pay off premiums restructuring of external debt structure for the countries of the Paris Club,
to pay premiums back foreign debt structure for countries outside the Paris Club debt settlement abroad,
cash settlement and small private sector debt abroad,
the reimbursement of the Arab monetary Fund for the restructuring of Iraq 's debts agreement, premiums World Bank loans , the US loan installments.
rcookie says():Third: Quotas governorates not organized in a region taken into account in proportion to population of the actual total expenditures shown in Table / d expenditures ruling] attached to this law , after excluding the Kurdistan region 's share amounting to [17%].
Fourthly: When an increase or decrease in the total Federal budget add or expenses reduce the share of the Kurdistan region in proportion "with the increase or decrease , taking into account the provisions of items [II and III of this article , including amendments to the sovereign expenditure and the ruling from the transfer of allocations to general expenses the same percentage mentioned above and the Federal Ministry of Finance to hold settlement calculates the share of the Kurdistan region in the light of the actual expenses for prior years shown by the final accounts approved by the Federal Office of financial supervision.
Fifth: Allocating a percentage of allocations of federal land forces of the Iraqi army to the Peshmerga forces according to population ratios as part of the Iraqi security system.
First: A-The Federal Office of Financial Supervision in coordination with the Office of Financial Supervision of the Kurdistan region and calculates determine federal income withdrawn in the region for this year and the Ministry of Finance in the region by turning to the Federal Ministry of Finance monthly.
B are dues settlement between the province and the federal government for the years 2004 to 2016 after audited by the Office of Financial Supervision Federal agreement with the Office of Financial Supervision of the county and the adoption of the Federal Office of Financial Supervision Report No.  on 26/03/2014.
Second , when the failure of the region to pay federal income withdrawn to the Public Treasury and the Federal Ministry of Finance to deduct the federal quota under the heading [First "of this Article, the equivalent of the planned revenue in the federal budget and conducting settlement calculations later.
Third: If you do not fulfill any party [ the federal government, the Kurdistan Regional Government] oil or financial obligations agreed to in the budget , the other party is also bound to fulfilling its obligations or oil was financial.
Re - examined in the share of the Kurdistan region and governorates not organized in a region in the federal budget for the year / 2017 and beyond in light of the results of statistics and the census for the year / 2017 and provided that it is in the light of determining the actual amount of the share of the region or province is part of a region in the federal budget for the year / 2018 and the difference on the Federal Minister for settlement.
First , commit the federal ministries and departments not associated with the Ministry by the table / c] Total workforce of the ministries and departments centrally funded for the year / 2017 to the present law.
Second: It is committed to ministries and departments not associated with the Ministry [self - funded or centrally] resets councilors [local, municipal, provincial and deputies] who left their jobs as a result of their election and the vacant grades as a result of the angel movement during the years 2017 and accounted for his time a member of the boards above service for the purposes of the bonus and promotions.
rcookie says():Third: The federal ministries to stop the appointments within its profiles of public companies, agencies and directorates self - funded , which receive a grant from the public treasury of the federal state or loans from government banks that deleted grades within the vocabulary of an angel authorities throughout the search when it became vacant due to transportation or referral to retire or resign or death , with the exception of water and sewage departments and institutions under the Ministry of Housing and Construction and public municipalities and the municipality of Baghdad municipality.
Fourthly: Federal Minister of Finance the introduction of grades of employees of public companies and public bodies and self - funded districts, which receive a grant from the public treasury of the state as a result of the transfer of services to the angel - funded departments centrally to cover staffing needs.
Fifth: A-taking into account the second clause of this article on all the federal ministries is related to the Ministry and the provinces to stop the appointments on the angel movement within the formations centrally funded.
B ) The Council of Ministers, based on the public interest exception , none of the configurations set forth paragraph [a] of this item of the restriction contained therein.
Sixth: It prevents recruitment in government departments all manner contract with the possibility of renewal of previous contracts in the event of a need for it.
The ministries and departments not associated with the Ministry prior coordination between them and the Ministry of Planning and the provinces when selecting projects and issued each ministry or institution not linked to the Ministry of project distribution plan and learn provinces by and abide by the proportions of population prescribed for each province to ensure the equitable distribution with the exception of strategic projects that benefit more than one province and not overlap between the projects included in the regional development plan
and empowers the powers of the minister to the governor on advertising, assignment and execution of projects ministerial [Health, Construction and Housing and public municipalities, commerce, agriculture, labor and social affairs, culture, youth and sports without amount  billion dinars [ten billion dinars after the redeployment of funds from the ministry 's account to maintain account
with the exception of the proposed projects for the year / 2017 for the modernization of the basic and detailed designs of the centers of cities and studies of structural provinces and the study of the development of the affected areas and the preservation of historic areas and areas of natural heritage and natural reserves and that are issued by the ministries of planning and finance Alathaditan schedule projects concerned for each province and empowers the minister of Finance and planning Alathadian to issue necessary instructions to facilitate the implementation of it.
rcookie says(): Second:
To maintain the mandate of any ministry of the federal ministries and as competent to carry out projects in that province at the expense of allocations [reconstruction and development of the regions and provinces] allocated to them.
Federal Minister of Finance the power to Add allocations for the purpose of extinguishing the predecessor installed from 1/1/2008 until 12/31/2016 and that has been spent as a result of the laws in force and the decisions of the Council of Ministers and after it is audited by the Federal Office of Financial Supervision and the endorsement of the Federal Cabinet on them.
First -taml ministries and departments not associated with the Ministry and the provinces on the expansion of open and private participation with the private sector up to the door of investment competence whenever possible, and it has the approval of the Cabinet investment and engagement with the private sector.
Second -olcil Minister entities specified in item exception [first] of this article from the provisions of the applicable laws and in order to facilitate the expansion of investment and engagement with the private sector.
A -lozir federal financial increase certified credits, which are needed to cover the work of the National Center for Laboratories Construction and the National Center for Engineering Consultancy of the Ministry of Construction and Housing and Municipalities and Public Works up to 50% of the revenue derived from the implementation of those actions the exception of the section cost  of the Financial Administration Act No. 95 of 2004 or any superseding law, and that the act amounts to the development centers and supporting technical and administrative cadres within the classification of grants, subsidies and debt service expenses and other accounts.
B - Federal Minister of Finance to increase certified credits, which are needed to cover the business that is doing the Central Organization for Standardization and Quality Control under the Ministry of Planning limits assigned [20%] of the revenues derived from the implementation of those actions the exception of the financial management code number  of 2004 or any other law replace.
Product - 17-
Ministry of Finance to pay the amount of interest amounting ratio [4%] [four percent of the total loans granted to the project Basmajh residential.
Extinguish debts owed to the government owed by taxpayers to pay the tax due to the continuation of the official authorities the application of Article  of the Budget Law for the year 2008 for the period from 1/1/2009 until 31/12/2011 , according to the provisions of paragraph 11 of Part IV of the Financial Administration Act No.  for the year 2004 or any other law replace it.