BLC Admin tlm724 Chat Second Reading of the Budget 01/12/2015
[tlm724] here are the highlights from the press release from Parliament this morning
House of Representatives completes a second reading of the federal budget for 2015
January 12, 2015
[tlm724] second reading done !
The Council also approved the granting of the Presidium of the House of Representatives have full power to resolve the problems concerning the work of some of the permanent parliamentary committees and on the relocation of Congress between the Commission and the other, or the disruption of a quorum, or some of them exceeded the upper limit for membership.
[tlm724] thats is huge news right there ! Jubouri now has complete power over the committees ! Prime Minster Abadi has said the he would relinquish some of his power and this proves it. No longer can one man control everything as was done in the past !
MP Jamal urged to grant Muhammadawi Basra privacy budget by giving them $ 5 instead of a dollar within the petro-dollar.
He suggested MP Yasser al-Husseini founding supreme economic body to draw the economic policy of the country comprising experts and specialists in economic and financial issue.
[tlm724] two things, the $5 to Basra we will have to wait to see what the finance minister does with that, it's a sticky issue right now
[tlm724] next is forming a supreme economic body, which is a good idea to help them complete the economic reform, they need all the expert advise they can get
MP Kazem Sayadi re-balance to the government to formulate a manner consistent with the current reality that these items are not included for the oil agreement between the federal government and the Kurdistan region.
[tlm724] it appears there are items in the Erbil agreement that either aren't included in the budget or in the agreement, this is kind of vague but regardless the budget and agreement must support each other equally, have the same legal wording
And MP Jawad al-Bolani importance of rewriting development in the economic sphere, plans to make it easier for the legislature to provide a few problems with balancing the importance of regional development and activation of the issue of taxes and customs tariffs and the development of the agricultural sector.
[tlm724] this is a great suggestion, one that BondLady has been telling them for years Wink ease of legislation (which we saw Jubouri now has the power as stated above) and activation of taxes and tariffs will give them money to deal with any financial crisis that comes along, it is a solid monetary safety net
In turn, drew MP Ali Shukri to the importance of self-financing institutions salaries included within the financial budget for the fact that borrowing from Iraqi banks lend burdens through the payment of interest on the amounts of borrowing.
[tlm724] another good idea, if they are making profits in these instituations then they should pay their employees, I like this one it takes some of the burden off the state
For his part, MP Abdul Hadi al-Hakim that the reactivation of religious tourism is the benefit of the Iraqi economy, which contributes to ease the burden on the holy cities of the budget with the need to impose taxes on the super-luxury materials that have purchased the preserve of the rich.
[tlm724] religious tourism is a money maker for sure, once ISIS is driven out of Iraq they can do even more toruism, it brings in billions and taxing the super-luxury items is a must
The MP pointed Rnz Jaber to the importance of addressing the issue of Iraqi funds smuggled abroad, whether in the past or the present stage and work to restore them in order to be added to the financial budget.
[tlm724] tons of dough out there to recover and they have gotten back back a lot already but this will be a long term thing but none the less necessary to accomplish
For his part, MP Khaled Mufriji that the federal budget did not mention the National Guard being a part of the political agreement in addition to the need for justice to farmers who have been affected due to the control of terrorist groups on them.
[tlm724] we will have to watch what they decide to do about the National Guard
He called Zana happy to inclusion of Kurdistan region and the inclusion of petro-dollars allocated to Article 140 amounts
[tlm724] they are getting article 140 all wrapped up with a big bow with the blessing of the Prime Minister, the disputed terriotories will be resolved
In response to the interventions confirmed the Finance Committee, taking into consideration the ladies and gentlemen of Representatives remarks, noting that the Committee would be well suited to submit its report regarding the budget.
[tlm724] the Finance Committee is well suited , they will put the final touches on this budget taking into consideration all the listed demands we just went over
For his part, President al-Jubouri, the granting of the Finance Committee of time an opportunity to submit its final report on the budget and taking into account the comments of the House of Representatives that the Committee to hold hearings are continuing to host the concerned ministries to discuss the financial budget
[tlm724] Committee to hold hearings are continuing to host the concerned ministries to discuss the financial budget
[tlm724] Jubouri will give them time to make the adjustments but only until the 20th
After the presidency of the Council decided to adjourn the meeting to next Tuesday 01/20/2015 11:00 pm.