Iraq 2015 Budget Signed and Ready – Good Saturday Team Important UPDATE! Treat As FACT But A Warning

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16 May 2015 In IRAQ Comments Off on Iraq 2015 Budget Signed and Ready – Good Saturday Team Important UPDATE! Treat As FACT But A Warning

Already Blessed (Moderator) 2014-12-30 06:36:19
TNT DINAR -> News Posts -> 

2015 IRAQ BUDGET – signed and ready

TONY WANTED ME TO POST THE BUDGET FOR YOU! 🙂


*In the name of the people*
*The Presidency of the Republic*
*Decision No. ()*
*As passed by the House of representatives in accordance with the provisions of item (I) of article (61) and item (iii) of article 73 of the Constitution.*
*The President of the Republic decided to date//2014*
*Issuance of the following law:*
*Law No. () of 2014*
*The federal public budget law of the Republic of Iraq for the year 2015*

*Chapter I*
*Chapter I*

*Revenue*
*Article-1.*

*First: A. the federal budget revenue estimates for fiscal year 2015 of $
(99801875000) 000 (ninety-nine thousand, eight hundred one billion eight
hundred and seventy-five thousand dinars) as shown in (table/a. revenues
according to the numbers) attached to this law.*

*B-calculation of income resulting from the export of crude oil, based on
the average price of 60 dollars a barrel and an export capacity of rate
(3,300,000) barrels (three million three hundred thousand barrels per day)
including 250,000 barrels per day (two hundred and fifty thousand barrels)
of crude oil in the Kurdistan region and (300,000) barrels (300,000 barrels
per day) of crude product through Kirkuk province and all revenue actually
revenue for the General Treasury account.*

*II.*
*Committed to ministries and organizations not associated with the Ministry
under all cash payments they receive under memoranda of understanding with
Governments or institutions of foreign revenue for the federal Treasury and
the Federal Ministry of finance to allocate for the purposes for which it
was granted, in coordination with the Ministry of Federal planning.*
*III.*
*Contributions are credited to an associated ministries and authorities of
the Ministry after its acceptance by the Minister of finance the Federal
revenue to the federal Treasury, the Federal Minister of finance allocated
appropriations of the Ministry or the Ministry not related to Exchange
according to the purposes for which was granted.*

*IV.*

*Restricting the amounts of grants or contributions by foreign Governments
and institutions to ministries and organizations not associated with the
Ministry or provincial and provincial councils under memorandums of
understanding revenue for the Treasury, whether these grants and
contributions in the form of technical assistance or projects that are
speculative in one Ministry or other records related to the Ministry or the
regions and governorates and governorate councils with the relationship and
the acceptance of cash or in-kind grants and reallocated in coordination
between beneficiaries and the federal ministries of planning and finance.*

*5.*
*Calculate amounts for grants and subsidies are not used to government
departments and public sector companies by the end of the fiscal year 2014
in accordance with the accounting standards used to calculate the final
Exchange and the surpluses or paid in excess according to the down payment
on account of the grant allocated to the Department or unit in fiscal year
2015.*
*Chapter II*

*Expenditures and deficit*
*Article-2. I. expenses:-*
*Sum of (125203110783) 000 (one hundred and twenty-five thousand two
hundred and three billion, one hundred and ten million, seven hundred and
eighty-three thousand dinars) for fiscal year 2015 is distributed according
to (field/3 total expenditures) of (table/b expenditure by ministries) of
this law.*

*A. $ (45226214070) 1,000 dinars (forty-five thousand, two hundred and
twenty-six billion, two hundred and fourteen million seventy thousand
dinars) for project expenditure is distributed according to
(field/2-expenditure investment projects (table/b expenditure by
ministries) of this law.*

*B-sum (79976896713) 000 (seventy-nine thousand, nine hundred and
seventy-six billion wethmaemaeh and ninety-six million seven hundred and
thirteen thousand dinars) for current expenditures in accordance with
(field/1-ongoing expenses (schedule b expenditure by ministries) of this
law.*

*C-provision capacity (125000000) 000 (one hundred twenty five billion
dinars) contingency reserve among other expenses to offset appropriations
for the Federal Ministry of Finance of the customizations contained in item
(i.b.), referred to above.*

*D-allocated $ 3.5 billion dinars (three thousand five hundred billion
dinars (l) reconstruction and development projects in the regions and
governorates, including Kurdistan) of allocations referred to in item (I/a)
(2) above are distributed according to the number of population of each
province and is implemented as follows:-*
*1. the Governor to submit a plan of reconstruction and conservation
districts and its aspects approved by the provincial Council to the
Ministry of Federal Planning (in coordination with District Councils and
districts) for the purpose of examination and approval to the most affected
areas in the province and distributed the district preserved customizations
and associated aspects as population ratios after excluding venture
strategy that benefit more than one hand or spend no more than the cost of
new strategic projects 20% of provincial allocations.*

*2. The Governor shall exclusively perform the reconstruction plan approved
by the provincial Council is responsible for monitoring implementation.*

*E-support amount (2) $ per barrel crude oil producer in the province and
(2) dollars for each barrel of crude oil in refineries and (2) $ 150 cubic
metres of natural gas producer in the province, and to allocate the amount
(1752237651) 000 (one thousand seven hundred and fifty-two billion two
hundred and thirty-seven million six hundred and fifty-one thousand dinars)
as projects to provinces and territories produced out of appropriations
referred to in item (I-a) of article (2) above, the amount remaining Deep
(1752237651) 000 (one thousand seven hundred and fifty-two billion two
hundred and thirty-seven million six hundred and fifty-one thousand dinars)
and listed in table (f) of this Act shall be paid to producers when the
increase in crude oil revenue source and the right disposition and use no
more than 50% of the appropriations referred to above for the purpose of
importing electricity or servicing of maintenance and cleaning And current
expenditures, depending on the needs of the province, and the priority of
spending to areas most affected by production and oil refining and
environmental protection projects, through transfers required in
coordination with the federal ministries of finance and planning, and
accounting adjustments after scrutiny by the Office of financial
supervision the federal budget the following year for the purpose of
ensuring the teams ($ 3) remaining shares of producers.*

*II-disability*

*A. total total planned budget deficit for the financial year/2015
(25401235783) 000 (twenty five thousand, four hundred and one billion and
two hundred and thirty-five million seven hundred and eighty-three thousand
dinars) and cover the shortfall from internal and external borrowing and
cash retained in the calculation of the Federal Ministry of finance and
economy is expected to increase selling prices of crude oil source or
increased crude oil exports.*

*According to details described in the following:-*
*( B) authorizes the Federal Minister of finance to continue borrowing to
plug the expected federal budget:-from:-*
*1. The International Monetary Fund, complementing the sum (4, 5) billion
dollars (four billion five hundred million dollars).*
*2. World Bank complements the $ 2 billion ($ 2 billion) over the years
2015 which amount (355) million for the Ministry of construction and
housing (3) for the purpose of financing the work of Expressway.*
*3. Use of special drawing rights by SDR limiter (1.8) billion dollars (one
billion eight hundred million dollars).*
*4. The borrowing, including issuance of remittance and Treasury bonds.*
*C. Treasury borrowing authority in the amount of $ 500,000,000 (500
million dollars) from the Islamic Development Bank and to allocate $
(225000000) $ (two hundred and twenty-five million dollars) to the Ministry
of housing and construction for the purpose of financing the rehabilitation
of Expressway No. 1 and the remainder is used for other ministries, in
agreement with the Islamic Development Bank.*
*III. financing the remaining customizations of current expenditures
including the Governor and the sovereign ministries and entities that are
not related to the Ministry and the emergency reserve of customizations
(18150865022) 1,000 dinars (eighteen thousand, one hundred and fifty
billion, eight hundred and sixty-five million and twenty-two thousand
dinars) and distributed according to the table (f) of the Act when the
additional cash flow for increased crude oil exports or increase in the
selling prices of the crude oil source.*

*Chapter III*
*General and final provisions*

*Article-3.*
*Limits the exchange of key accounts for expenditure allocations
(compensation of employees, service kits, intermediate goods, maintenance
of assets, capital expenditures, grants and subsidies and debt service,
interest and other expenses, commitments and contributions and external
assistance programmes, social welfare) and project expenditure approved in
the federal budget of the Republic of Iraq by the Federal Finance Minister,
and the Minister or head of the unrelated Ministry or the head of the
provincial Council maintained the validity of Exchange directly in the
light of the appropriations allocated under the annual budget purposes
specified under the spending plan approved The Federal Finance Minister
shall enter into a commitment to exchange more than what is in the federal
budget.*

*Article-4.*
*Federal Finance Minister’s power to make transfers between appropriation
budget Federal Republic of Iraq approved in the annual federal budget at
the section level, sections and chapters and articles, species and sequence
type and case-by-case basis, and the right to authorize Ministers and heads
of non-related Ministry, Governors and heads of provincial non-County power
to make transfers between appropriation budget Federal Republic of Iraq
approved in the annual federal budget only (10%) (10%) of the Exchange unit
for other Exchange unit is reduced appropriations excluding appropriations
for investment projects, taking into account the provisions of paragraph
(8) of section (9) of the Financial Administration Act No. 95 of 2004 that
are not transfers of capital projects expenditure allocations to current
expenditures.*

*Article-5.*[
*The Federal Prime Minister and Federal Minister of finance joint using
approved amounts for (contingency reserve) provided for in Regulation (I/c)
(2) of this Act for the payment of necessary expenses after the entry into
force of this law if there is an urgent need for expenditure without (in
domestic spending) and the allocation to cover this need to limit (3)
billion dinars (three billion dinars) for each case, if the amount exceeds
the reduction obtained consent of the Federal Council of Ministers on a
proposal from the Federal Finance Minister and the Federal Minister of
Finance set up controls to use customizations Emergency reserve within the
federal budget execution instructions yearly.*

*Article-6.*
*First*
*Appropriations approved in the Act until 31 December of the financial
year/2015.*
*II.*
*Income earned in fiscal year 2015, revenue for the federal budget to
31/12/2015 as income received after the end of the fiscal year/2015,
revenue credited to the federal budget for the financial year/2016.*

*Article-7.*
*May not make any transfer within the customizations (work and development
projects in the regions and governorates) among provinces.*

*Article-8.*
*Empowers the Minister of municipalities and public works, federal power
transfers between own resources balances municipal institutions in the
province and make transfers within the goods and services account for each
municipal corporation.*[

*Article-9.*
*First:*
*Define share Kurdistan tongs (17%) Seventeen per cent of total
expenditures shown in table/h. ruling expenditures) of this law and are
paid by the Federal Ministry of finance.*
*II.*
*Specifies a percentage (17%) Seventeen percent of the Kurdistan region of
the total actual expenditure (current expenditures and investment expenses)
to the federal budget of the Republic of Iraq ratified after excluding
expenses sovereign of b (the House of representatives, the President of the
Republic, the Council of Ministers, Ministry of Foreign Affairs, the
Ministry of defence, wages negotiations and legal claims for debt, wages of
international auditing company Audit Committee financial experts, the
Contribution to the cost of producing crude oil exporter, benefits of World
Bank loans, benefits of IMF loans, the interest on foreign loans, the
interest on Treasury bonds voucher Treasury bonds, benefits of switching
off the external debt of the private sector, Arabic and international
contributions payments, expenses of travel and nationality Directorate and
the border troops command and border projects, the National Security
Council, foreign debt, wages Crude oil source via Turkey, instalments of
bilateral agreements with countries of the Paris Club and non-Paris Club
countries, the benefits of the bilateral agreements with the countries of
the premiums of the Paris Club and non-Paris Club countries, paid versions
of old Treasury transfers, cash settlement of small debts to the private
sector abroad, co-financing projects, ports, rail projects, dam projects,
projects management of airspace, IMF loan instalments, instalment loans and
receivables the Arab Monetary Fund on restructuring Iraq’s debt agreement).*

*Third: take lots of governorates that are not organized in a region with a
population of total expenditures shown in table/d ruling expenditures)
attached to this law excluding share of Kurdistan (17%).*
*IV.*

*When you increase or decrease in the total expenditures of the federal
budget, add or reduce the share of Kurdistan proportionally with the
increase or decrease subject to items (II, III) of this article, including
modifications to the sovereign and Governor of expenses transfer POPs to
the same public expenditures mentioned above and the Federal Ministry of
finance the adjustment calculated the share of the Kurdistan region in the
light of actual expenditures of previous years which show final accounts
approved by the Federal Office of financial supervision.*
*5.*
*Percentage of federal ground forces customizations for the Iraqi army to
the Peshmerga as percentages of population as part of the Iraqi security
system.*

*Article 10.*
*First:-*
*The Federal Office of financial supervision in coordination with the
Office of financial supervision to Kurdistan to identify federal income
obtained in the region this year, the Ministry of Finance of the territory
transferred to the Federal Ministry of Finance on a monthly basis.*

*II.*
*When the territory pay federal income obtained to the public Treasury, the
Federal Ministry of Finance of the Federal deduction of quota under item
(I) of this article shall be equivalent to the planned revenue in the
federal budget and the mathematical adjustment later.*
*III.*
*In case of non-fulfilment of any party (the Federal Government, the
Kurdistan Regional Government) oil or financial obligations agreed upon in
the other party is not obliged to honour oil commitments were also
financial.*

*Article-11.*
*Review share Kurdistan governorates that are not organized in a region in
the Federal Budget Act/2015 onwards in the light of the results of the
Census and Statistics Act/2015 and that it is in the light of the amount of
the share of the territory or province are not organized in a region in the
federal budget for the year/2016 and displays the difference to the Federal
Cabinet for settlement.*

*Article-12.*
*First:-*
*Adhere to federal ministries and non-related Ministry b (table/c) number
of manpower to the ministries and departments a centrally-funded Act/2015
to this Act and to the Federal Minister of finance at the request of the
Ministry or body not associated with the Ministry, the power to develop and
modify the output follows: Angel.*
*A. development of jobs for political separation as covered by law
reinstating politician’s no. 24 of 2005 average.*
*B. the development of profiles created in ministries and entities not
associated with Ministry and enacting a law upon approval by the General
Secretariat of the Council of Ministers and to secure it by transfers from
current expenditures for each Ministry or entity not affiliated with the
Ministry.*
*II.*
*The federal ministries all off appointments within their profiles from
public companies, bodies and directorates self-funded you receive a grant
from the Federal to the State Treasury or loans from State banks to delete
job openings within the vocabulary owners the question when it became
vacant because the transfer or retirement, resignation or death.*
*III.*
*Adhere to the ministries and organizations that are not related to the
Ministry to announce new job openings within the Angel years 2015 in local
newspapers, taking into account the proportions of population in each
province, taking into account the ratio (10%) New grades of 2015 for the
appointment of martyrs and prisoners, covered by the law foundation of
political prisoners and their families Amendment No. 35/2013.*
*IV.*
*A. prevents the appointment of employees of State services all in a
contract with a possibility of renewal of contracts in the event of a need
to renew these contracts.*
*B. exceptions to the provisions of paragraph (a) above contracted workers
in new investment projects, water and sewage plants, electricity and as
instructed by the Federal Budget Act/2015 in addition to hiring experts and
qualified applicants in accordance with the staff regulations established
by the decisions of the Council of Ministers No. 280//2009 as amended
and/297 of December 2010-29 of 2011.*

*Article-13.*
*First: the ministries and organizations not associated with the Ministry
prior coordination with the provinces in the selection of projects and
every Ministry or entity not related to the Ministry’s plan to distribute
their projects and learn the provinces and population ratios for each
province to ensure distributive justice with the exception of the strategic
projects that benefit the most from the lack of overlap between the
projects listed under the Ministry’s plan, the projects included in the
plan of development of the territories and authorize the Minister powers to
the Governor on the Declaration and assignment and implementation of
ministerial projects (health, municipalities and public works, trade,
construction and housing, Agriculture, labour and Social Affairs, culture,
youth and sports).*

*Without the $ 10 billion dinars (10 billion dinars) after the transfer of
funds from account to account maintenance with the exception of projects
proposed for the year 2015 and for the modernization of the basic and
detail designs of city centres and structural studies and study development
of areas battered and preserving historic areas, natural heritage areas,
nature reserves and the ministries of planning and finance the Union a
schedule of projects per province and Federal Minister of finance,
planning, issue the necessary instructions to facilitate implementation.*

*Second: the competent Ministry commissioned to direct the implementation
of new projects by the federal ministries on 1 July of the current
financial year.*

*Third: to assign any Ministry or federal jurisdiction to implement
projects that maintain h August customizations (reconstruction and
development of the regions and governorates) allocated to it.*

*Article-14.*
*Federal Finance Minister’s authority to add customizations for the purpose
of extinguishing predecessor installed 1/1/2008 till/31/12/2014 and the
result of laws and resolutions of the Council of Ministers after being
audited by the Office of financial supervision and approval by the Federal
Cabinet.*

*Article-15.*
*The expansion opened for private investment and partnership with the
private sector by ministries and other related ministries and provinces
within their areas of competence and for this purpose a High Commission
that the Council of Ministers instructions and exceptions of the relevant
laws.*

*Article-16.*
*Federal Finance Minister increased provisions and requirements for
certification to meet the mandated work of the National Centre for
laboratory and the National Centre for engineering consultants of the
Ministry of construction and housing up to 50% of income from
implementation of the exception to section one of the Financial
Administration Act No. 95 of 2004 and the amounts of development centres
and technical and administrative support to their cadres.*

*Article-17.*
*First: be borrowing from the agricultural Bank, land bank and housing fund
interest (2%).*
*Secondly: committing all of the agricultural Bank, the Land Bank and the
distribution of housing fund loans will be granted to citizens by the
population of each province in accordance with the standards of the
Constitution of the Republic of Iraq.*
*III: the Ministry of finance the amount of interest rate (4%) (Four
percent) of the total loans granted to bismayah new city housing project.*

*Article-18.*
*Extinguishing the debt the Government owes to pay tax as a result of the
continued official authorities in application of article 20 of the 2008
budget law for the period from 1 January 2009 to 31 December 2011 in
accordance with the provisions of paragraph (11) of section IV of the
Financial Administration Act No. 95 of 2004 average.*

*Article-19.*
*Do not assign any leadership positions (Director and above) unless you
have a degree in Ministry or organizational structure of the Ministry or
the law is associated with the Ministry.*

*Article-20.*
*I.*
*Exempt from all goods and goods imported by government departments and the
public sector in its name to be used.*
*II.*
*The above exemption covers goods imported for government departments and
public sector by Governments or donor institutions.*

*Article-21.*
*Calculate benefits foreign companies operating in the Kurdistan region for
oil extraction from the territory of share (17%) Work continues this.*

*Article-22.*
*All communication and Media Commission revenue for 2013 and 2014 public
treasury account Federal State after the budget amount and ratified by the
Board of Commissioners and the Federal Ministry of finance.*

*Article-23.*
*First:*
*Does not work with any decision contrary to the law and the federal public
Treasury does not assume any additional financial burdens outside the law.*
*II:*
*The House is not legislation entailing financial implications only after
obtaining the approval of the Ministry of finance.*

*Article-24.*
*Decoding link both Islamic window of Rafidain and Rasheed Bank and
appended to the Islamic Bank of the rivers and on the transfer of capital
and interests of banks two Windows above to the Islamic Bank of the rivers.*

*Article-25.*
*Empowers the Council of Ministers to develop infrastructure projects
identified as need ministries and provinces have no more than five (5)
billion dollars and implemented on the basis of the payment term, that
deserves the payment after a period of not less than (3) three years from
the date of delivery, taking into account the share of Kurdistan (17%) Out
of the above.*

*Article-26.*
*The Federal Ministry of finance stopped funding all ministries and other
related ministries and provinces that do not exceed their implementation
(50%) Of the scheme until 1 July 2015 committed to ministries and provinces
and departments not associated with the Ministry controls the contracted
companies contracts implementation within specific tables in reverse is the
avoidance of the contract and on the planning Ministry follow the ratios of
these projects and the Ministry of finance attributed the above
implementation for the purpose of enabling them to stop funding.*

*Article-27.*
*The Council of Ministers established the Supreme Council for ages and this
shall be regulated by law in three months.*

*Article-28.*
*Establish a fund to rebuild areas devastated by terrorism, funded by
international aid and grants, allocated an initial amount of 500 billion
dinars listed table (f) of the Act.*

*Article-29.*
*Federal Finance Minister’s version of the character in the name of
supporting displaced people set overly instructed by the accounting service
for the purpose of imposing on all citizens when their review of government
departments.*

*Article-30-*
*Adhere to the ministries of electricity, telecommunications, municipal and
public works and the Baghdad municipality to levy fees of electricity,
telephone, water, sewer and all other fees prescribed in the laws for the
services provided to citizens, businesses, factories and Government
agencies, the public sector and the other for the purpose of increasing
their own resources to reduce dependence on the federal budget.*

*Article-31.*
*When you transfer an employee of State funded services centralized or
autonomous private sector bear the Ministry or body not associated with the
salary Department of the half of the circle moved them for a period of two
years from the date of the move to cut off his relationship from his final.*

*Article-32.*
*Empowers the Minister of finance the power to enter into contracts on
behalf of the Republic of Iraq to issue guarantees to interview Bank of
exports and imports in the United States on the guarantees to financial
institutions for financial commitments, whether directly or indirectly, to
finance the holding of Iraqi Airways through its purchase of a number of
new civil aircraft company boeyink and akiam aircraft to the dollar during
the fiscal year/2015.*

*Article-33.*
*The imposition of sales tax on printed circuit board fill out the mobile
phone networks and Internet rate (20%) The value of the card and the
proportion (15%) Buy all types of cars and tickets and the Finance Ministry
issued instructions for the application of this article.*

*Article-34.*
*Prime Minister’s suggestion of Minister of finance allocate Treasury or
Treasury bonds as needed to cover benefits oil companies operating in the
country that does not exceed a total of 12 billion dollars (12 billion
dollars) by issuing one or multiple versions in/2015.*

*Article-35.*
*The Ministry of water resources, the sale results Cree Rivers and is
reflected to the public Treasury of the State.*
*Article-36.*
*Adhere to federal and provincial ministries and agencies that are not
related to the Ministry to purchase their products from federal departments
that are the added value of the products collected and processed at (25%)
Import cost of added value and that the local product prices are not higher
than those imported by more than Ali (10%) Taking into account the
specifications of quality.*

*Article-37.*
*For the purpose of contribution of the staff of the State and the public
sector in the face of economic challenges and support the security forces
in ensuring the requirements of the fight against terrorism is a national
savings scheme for State employees and public sector issued by the Federal
Council of Ministers.*

*Article-39.*
*Each of the Rasheed Bank, Rafidain Bank lending to companies and public
bodies and directorates self-funded underfunded its own resources for the
purpose of ensuring salaries and allocations of its members after those
above to provide their economic feasibility when borrowing and that the
banks scheduled repayment of loans given to those above and the same
purpose granted them above in 2010 and end in 2015 that thus far has not
been repaid in accordance with a timetable as of 1/1/2016 up with Schedule
payment the Treasury transfers Granted years 2012, 2013 and 2014 to real
property claims Commission and two prisoners and martyrs.*

*Article-40.*
*The Federal Minister of finance, in coordination with the Minister of
Federal planning preparation instructions necessary to facilitate the
implementation of the provisions of this law if passed.*

*Article-41.*
*This law shall be published in the Official Gazette and implemented as
from 1 January 2015*
*Dr Fouad Massoum the President of the Republic Rationale*

*For the adoption of the general budget of the Republic of Iraq for the
fiscal year 2015 initiated this law.*

*http://www.alsabaah/. <http://www.alsabaah/.>…w.aspx?ID=83332*
*http://www.alsabaah.iq/ArticleShow.aspx?ID=83332
<http://www.alsabaah.iq/ArticleShow.aspx?ID=83332>*

*Article-41.*

*This law shall be published in the Official Gazette and implemented as from 1 January 2015*

*Dr Fouad Massoum the President of the Republic Rationale*

*For the adoption of the general budget of the Republic of Iraq for the
fiscal year 2015 initiated this law.*

http://www.alsabaah.iq/ArticleShow.aspx?ID=83332

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