Breaking News Parliament session adjourned to next Saturday
Published: 2015/1/8 17:30 •
Baghdad (Forat) -The parliament adjourned its session till next Saturday.
Parliamentary source told Alforat News Agency "The parliament has lifted its regular session of today until next Saturday."
"Parliament did not complete the second reading of the Budget Law due to disputes over the financial deficiency," the source concluded. /End/ Updated: 2015/1/8 16:01
Steve: This does not at all surprise me. In 2013 they finally passed that budget but never opened or disbursed it.
Steve Continues: Then 2014 rolls in and they never agreed on that one, and decided to scrap that year all together and start on 2015 (back in 2014).
2015 is now here and they are still reading and talking about it. I am with the rest of you and the citizens of Iraq, it is about time to stop talking and start voting and help get this country back on track with the goals they seek to accomplish.
They can pass all the laws they want and make all of the monetary reforms they want, but unless their rate changes, it is all for nothing.
This will never get done unless they do more voting and less discussing this like a bunch of (whatever).
If you recall, I did say back in 2014 that the first quarter of 2015 they may get this done. All we can do as investors is sit back and wait. Wishing it more and more will do nothing to make it happen any faster.
Stay safe. If Ray or I hear any news that is substantial and important, we will immediately post an update as to what we are being told or hearing, until then, well, find a nice long series on Netflix to occupy your time. :) :) :) I would share a few but then that would be a dead give away on what I watch. :P Blessings, Steve
Marion: I keep thinking of the article posted the beginning of the week which said, "...it (the budget) may go on until Saturday." Seems they already knew this may go a bit longer.
Shalone: I expect this will be very much like it was last year when they were trying to get the 2014 budget done. We have seen this over and over again, where they just cannot agree on what should be done with the budget, and there is one delay after another. I do believe there is
improvement, and I am hopeful for more progress, but again this is Iraq, and they are prolific for their disputes and delays. I would love to see this get done this month, but I think this could go on for several months. If they get this done by March or April, I will be thrilled.
J1950: I believe this is all planned out for the right time...we just don't know and will not know when that will be. I THINK it is closer than ever and they are keeping us guessing on a daily basis, purposely!! Hang in there all!!
Mally3: Marion, Yes youre right. They told us the finance comittee's report on the budget may take all the time in Wednesdays parliament meeting but they should be able to finish reading the budget a second time on Saturday if that was the case.
Im not sure if they read it at all today but usually when they say they might take x amount of time you can bet on that and more. Also this is just the second reading, they can not vote on the same day they do that. Just my 2 cents
Swann1: I read that Saleh came in and said a committee is needed/required to monitor the oil pricing/budget on a continuous basis, because they can't accurately plan with all the changes. IMO, that would NOT derail the process, but make them accountable for adjustments.
Marion: On schedule! :) Glad also we learned there is a four day wait between the finish of the budget and voting.
Buck72801: Parliament to continue 2nd reading of Budget Law draft
Published: 2015/1/8 10:33 • Parliament to continue 2nd reading of Budget Law draft
Baghdad (Forat) –Parliament will continue conducting the second reading of the Budget Law of 2015 on Thursday.
A statement by the parliament received by Alforat News Agency cited "Parliament Thursday session will involve voting on Health Ministry Law and conducting second reading of Budget Law in addition to discussing other laws." /End/
Jazminh: This may be the problem....
A parliamentary source: Maliki’s bloc trying to block pass the general budget
Agency eighth day January 8, 2015, 12:50 BAGHDAD - ((eighth day))
A parliamentary source said, that Nuri al-Maliki's bloc in the state law attempts to block the pass the state budget during these days.
The source said that "there are more than 18 members of Maliki's bloc trying to block the pass and approve the budget as soon as possible in order for this success to Thinketh the current government headed by Haider al-Abadi.
He added that Maliki's bloc members are seeking hard not to pass the budget under the pretext of the oil deal, which recently took place between Baghdad and Erbil as the leading reasons for rejection.
Maynard57: They've been asked to make some additional budget cuts, and with the instability of oil prices, its probably prudent.
They don't have to re-read the budget or repeat any of the process, so its all good. As for me, I don't get concerned with delays when they are WORKING on the budget, rather than fighting and marginalizing the Kurds and all that crap.
They've got a lot of financial exigencies going on at once, with the fall of oil prices, paying for the war, having to account for the 2014 fiscal year, all during a complete change in administration. Its a tall order, and I really think they're doing the best the can