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In figures .. The budget of 2019 highlighted the negative aspects

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In figures .. The budget of 2019 highlighted the negative aspects

Unread postby admin » Fri Dec 21, 2018 9:04 am

In figures .. The budget of 2019 highlighted the negative aspects

2018/12/21 10:10

In figures .. The budget of 2019 highlighted the negative aspects

[Ayna - Baghdad]
Reports revealed, the size of projects and spending the federal budget bill for the next year 2019, which ended the parliament yesterday read a first reading.
The reports say that "there is a significant increase in total spending, which was 132.2 trillion dinarsand became 133.1 trillion dinars and increased by 900 billion dinars, and the premiums of external debt and internal, which was 11.01 became 10,79 means that the premiums decreased as That the investment projects were 34, 5 trillion dinars and became 33 trillion, where it declined, a negative indicator.
"Investment spending from foreign loans was 5.5 trillion, which amounted to 5.67 trillion, meaning loans increased. Current expenditure was 97.6, now it is 100.50, which is increased, and this is a new negative indicator of the budget that has been modified by the government. The deficit was 26 trillion and now it is 27.53 This is also a negative indicator, as the operating expenses increased either investment expenditures decreased as the debt installments decreased.
"The loan of the British Export Guarantee Corporation (UKFF) was 354.6 billion, it became 390 billion dinars, which increased the loans, and the continuation of British loans from the British Export Agency of 300 million dollars has become 330 million dollars and this increase for the removal of mines from Nineveh was the least necessary to reduce operating expenses and provide for the expenses of this important sector.
"The government has described the budget as an austerity, amounting to 133,1 trillion dinars, if it were an explosion, how would it be, if we studied the follow-up of the disbursements from 2004 to 2017, we find the highest rate of disbursement in the fiscal year was 124 trillion and the disbursement was large, That the budget is going in the wrong direction and the money of the state is mismanaged and not sound and there is a big imbalance in the management of public money. "
The House of Representatives ended in its meeting on Thursday the first reading of the draft law of the federal budget of the Republic of Iraq for the fiscal year 2019 for approval.
The revenues of the budget is estimated at [105569686870] [one hundred and five trillion five hundred and sixty nine billion six hundred and eighty-six million and seven hundred and seventy thousand dinars] according to the calculation of the revenues of the export of crude oil on the basis of the rate of 56 dollars per barrel and an export rate of 3 million and eighty eight thousand barrels per day Including two hundred and fifty thousand barrels per day of the quantities of crude oil produced in the Kurdistan region.
As estimated expenditures by the amount of [133107616412] thousand dinars [one hundred and thirty three trillion and one hundred and seven billion six hundred and sixteen million and four hundred and twelve thousand dinars], while the total deficit planned [27537929542] thousand dinars [twenty-seven trillion five hundred and thirty-seven billion and nine hundred and twenty-nine One million and five hundred and forty-two thousand dinars].
The Speaker of the House of Representatives Mohamed Halbousi, the parliamentary finance committee to take into account the request of 120 deputies to calculate the rent allowance of occupants of state real estate inside and outside the Green Zone to support the budget.

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