General revised federal budget for fiscal year 2017 Law
July 24, 2017
In the name of the people
Presidency
Based on what passed the House of Representatives and approved by the President of the Republic, based on the provisions of item (i) of Article (61) and item (iii) of Article 73 of the Constitution
Issued the following law:
No. () for the year 2017
Act to amend the general budget of the Federal Law No. (44) for the year 2017
Chapter One
Revenue
Article 1 modifies the text of the item (i) of Article (1) of the law to be as follows:
Article 1
(A) estimated the general budget revenues of the Federal fiscal year 2017 to be (82,069,669,668) thousand dinars (Eighty-two trillion and sixty-nine billion six hundred and sixty-nine million six hundred and sixty-eight thousand dinars) as shown in Table (a- Revenues according to major accounts) attached to this law.
(B) calculation of conjecture revenue from the export of crude oil based on the rate of (44.4) (forty-four and forty dollars cents) per barrel and the rate of export of (3750000) barrels per day (three million seven hundred and fifty thousand barrels per day), including (250,000) barrels daily (two hundred and fifty thousand barrels per day) for product quantities of crude oil in the Kurdistan region and (300,000) (three hundred thousand barrels per day) on the quantities of crude oil produced by the province of Kirkuk, on the basis of the exchange rate of 1182 dinars per dollar, and that all revenue actually income once the public treasury of the state to account.
Chapter II
Expenditure and deficit
Article - 2. The amended text of items (First: Expenditures / a, b, c, d, e) and (II deficit / a, c, e) of Article (2) of this Act, and insert a paragraph (g) to ( Article 2 / First: expenditures) of this law and delete paragraph (f) (Article 2 / Second: the deficit) of this law,
To be as follows:
First - expenses - allocates an amount of (107,089,521,545) thousand dinars (one hundred and seven trillion and eighty nine billion five hundred and twenty-one million five hundred and forty five thousand dinars) for the expenses of adjusted ministries for the fiscal year 2017 and distributed according to the field (12) (Total expenditure rate) from the table ( (b) the revised expenditure by ministries for the year 2017) attached to this law.
(A) an amount of (28,531,686,499) thousand dinars (twenty-eight trillion five hundred and Thirty-one billion six hundred and eighty-six million four hundred and ninety-nine thousand dinars) for the expenses of the amended investment projects for fiscal year 2017 distributed according to the field (8 / expenses of the investment projects adjusted) from (Table B / revised expenditure by ministries for the year 2017) attached to this law.
(B) an amount of (78,557,835,046) thousand dinars (Seventy-eight trillion five hundred and fifty-seven billion eight hundred and thirty-five million forty-six thousand dinars) distributed according to the field (4 / Operating Expenses Revised) of the (Table / B adjusted expenditure by ministries for the year 2017 attached to this Law.
(C) The sum of (112 906 151) thousand dinars (one hundred and twelve billion nine hundred and six million one hundred and fifty thousand dinars), the contingency reserve within the provisions of other expenses for the budget of the Federal Ministry of Finance out of the allocations contained in item (i-b) referred to above the Council of Ministers to increase the amount mentioned no more than doubled to cover the expenses of the social protection network and the popular crowd equally.
(D) The sum of (375 million) thousand dinars (three hundred and seventy-five billion dinars) for the reconstruction and development of the regional and provincial projects, including the Kurdistan region of origin of the assignments referred to item (i / a) of Article (2).
1. The Governor to provide the reconstruction of the province and the districts and sub-districts plan have been approved by the Provincial Council of depending on the plans by the district councils and respects to the Federal Ministry of Planning for the purpose of study and validation that most areas take into account the worst affected in the province and to be distributed to maintain the district allocations and areas associated according to population ratios after excluding the new strategic projects (15%) (fifteen percent) of the governorate allocations and (5%) (five percent) for projects of poverty alleviation strategy.
2. The governor exclusively for the implementation of the reconstruction plan approved and assume responsibility for the provincial council to monitor implementation.
(G)
1. The sum of (4,733,011,088) thousand dinars (four trillion seven hundred and thirty-three billion eleven million eighty-eight thousand dinars) current expenditures by column (2) contained in the table (b) Revised expenditure by ministries for the year 2017.
2. reduces the amount of (1,186,310,379) thousand dinars (trillion and one hundred and eighty-six billion three hundred and ten million, three hundred and seventy-nine thousand dinars) of current expenditures and by column No. 3 contained in the table (b) Revised expenditure by ministries for the year 2017.
3. The sum of (8,792,463,622) thousand dinars (eight trillion seven hundred and ninety-two billion four hundred and sixty-three million six hundred and twenty-two thousand dinars) for the expenses of the investment by column number (6) contained in the table (b) Revised expenditure by ministries for the year 2017.
4. reduce the amount of (5,714,795,123) thousand dinars (five trillion seven hundred and fourteen billion seven hundred and ninety-five million one hundred and twenty-three thousand dinars) of investment expenditure by column number (7) contained in the table (b) Revised expenditure by ministries for the year 2017.
Second - deficit:
A. The total planned deficit for the general budget of the federal fiscal year 2017 (25,019,851,877) thousand dinars (twenty-five trillion and nineteen billion eight hundred and Fifty-one million eight hundred and seventy-seven thousand dinars), according to the details shown in the following table:
Amount (thousand dinars)
V Vocabulary revised budget estimates
1 = (a + b) Total revenue 82,069,669,668
A oil revenues 71,833,095,000
B non-oil revenues 10,236,574,668
2 = (a + b) total expenditure 107,089,521,545
A current expenditure 78,557,835,046
B total investment expenditure 28,531,686,499
- investment spending from the Treasury 24,028,124,659
- investment spending by foreign loans 4,503,561,840
3 total deficit planned 25,019,851,877
Financial financing gap (deficit)
A. Balances ministries and accounts associated with the Ministry of State-owned banks 641 607 059
B Medawar in the Ministry of Finance account balance 1,000,000,000
A national bonds to the public 3,001,673,274
D treasury bonds and remittances to government banks and deducted the Iraqi Central Bank 5,500,000,000
E World Bank loan to support the budget 1,182,000,000
And IMF loan to support the budget 2,009,400,000
G the Japanese Agency for International Cooperation loan JICA to support the budget 323 million
H ensure Britain's loans countries, Canada through the World Bank 413.7 million
I Foreign 2,364,000,000 bonds
J loan EU 118.2 million
As remittances through commercial banks 3,430,809,704
M loan (JBIC) 59,100,000
N World Bank loan / 242.31 million projects
Q US loan for the purpose of reinforcing 1,043,706,000
P British loan (export loan) 390.06 million
P Chinese loan 984.606 million
R German loan (KFW) 224,580,000
S Swedish loan 177.3 million
T loan of the Islamic Development Bank 59.1 million
U Italian loan 158.388 million
D Japanese Agency loans JICA / 449,301,840 projects
The German company Siemens loan 165.48 million projects
X Maintenance of the Ministry of Electricity of Export Guarantee Corporation 549.63 million project loans
Y AFD loan 531.9 million
(C) authorizes the Federal Minister of Finance to borrow or continue to borrow from abroad to finance development projects after the cabinet approval of the sources listed below and continue in loans approved in previous years and the approval of the House of Representatives.
- Japan International Cooperation Agency loan (JICA) in the amount of $ 1500 million (one thousand five hundred million dollars) and will be financed in the amount of (380.120) million (three hundred and eighty million one hundred and twenty thousand dollars) in 2017 for the purpose of financing projects for the benefit of the ministries of oil, Construction and Housing public and municipalities, water resources, electricity, industry and minerals, health, communications, transportation and all of the Ministry of municipalities and Tourism and Electricity of the Kurdistan region.
- Loan Bank of Japan for International Cooperation (JBIC) in the amount of $ 500 million (five hundred million dollars) to finance the Ministry of Electricity projects, and will be funded by $ 50 million (fifty million dollars) than in 2017.
- The Islamic Development Bank loan in the amount of $ (800) million (eight hundred million dollars) to finance projects for the benefit of ministries (electricity, reconstruction, housing and municipalities, Health, Higher Education and Scientific Research) and the Municipality of Baghdad and will be funded by $ 50 million (fifty million dollars) of it in 2017 it is distributed to the ministries (reconstruction, housing and municipal electricity.
- German Development Bank loan (KFW) in the amount of $ (500) million euros (five hundred million euros), equivalent to 600 million dollars (six hundred million dollars), of which $ 190 million (one hundred and ninety million dollars) to finance the reconstruction of areas projects liberated from terrorism in 2017.
- The Swedish loan in the amount of $ 500 million (five hundred million dollars) to finance the Ministry of Electricity Projects by (ABB) and guarantee (EKN) will be financed, of which $ 150 million (one hundred and fifty million dollars) for projects the ministry mentioned.
- Italian loan amount of $ 160 million (one hundred and sixty million dollars) and will be financed in the amount of 134 million dollars (one hundred and thirty-four million dollars) for projects each of the ministries of water resources and agriculture.
- US loans in the amount of $ (4,550) million dollars (four billion five hundred and fifty million dollars) to finance the needs of the Ministry of Defense and will be funded by the amount of (883) million dollars (eight hundred and thirty-three million dollars) in 2017.
- The World Bank loan of $ 500 million (five hundred million dollars) to finance projects for the benefit of ministries (electricity, construction and housing and public municipalities, Finance, Health, Municipality of Baghdad) and will be financed in the amount of 205 million dollars (two hundred and five million dollars) during the year 2017, including the amount of $ 10 million (ten million dollars) for the project to develop the financial management (PFM).
- Negotiation and borrowing from the British Export Bank on the financing of infrastructure projects, including (water, sewage, and water desalination) the amount of $ 10 billion pounds (ten billion pounds sterling) that is funded by the amount of 100 million dollars (one hundred million dollars) The above amount during the year 2017 for water desalination projects in the province of Basra, and the amount of 230 million dollars (two hundred and thirty million dollars) for projects of the Ministry of Electricity company (GE) of the amount above during the year 2017.
- $ 500 million (five hundred million US dollars) from the Foundation to ensure German exports and Standard Bank Jartrd for the purpose of implementing the German company Siemens and the Ministry of Electricity Projects will be funded by the amount of 140 million dollars (one hundred and forty million dollars) in 2017.
- additional loans for multi-projects of the Ministry of Electricity annual maintenance guaranteed by international export guarantee institutions for the benefit of the trap (GE) and the US will be funded by the amount of the amount of (465) million (four hundred and sixty-five million dollars) in 2017.
E. Authorizes the Federal Minister of Finance after the approval of the Cabinet borrow $ 2500 million (two billion five hundred million dollars) guaranteed by international export guarantee institutions for the purpose of purchasing weapons, ammunition and logistical support for both the interior and defense ministries and the popular crowd and a fight against terrorism and the financing amount of (833) million dollars (eight hundred and thirty-three million dollars) in 2017.
Chapter III
General and Final Provisions
Article 3
Modifies the text of Article (4 / a) of the general budget of the Federal Law No. (44) for the year 2017 to become (Federal Minister of Finance authority to conduct transfers between the appropriations of the general budget of the Federal Republic of Iraq ratified in the annual federal budget and the budget adjusted to the level of doors, sections, chapters and articles and types The sequence of type.
Article 4
Amend the text to the provisions of Article 25 of the general budget of the Federal Law No. 44 of 2017 to become (Minister of Finance and Planning Federal re-allocation of recovered amounts from farmers received agricultural initiative projects by peasants in previous years, loans to the year 2017 budget and be allocated exclusively for projects initiative Agricultural Agricultural Bank of the exception of paragraph (1) section (4) of the financial administration Law No. (95) for the year 2004).
Article -5-
Continue to work the provisions of the articles of the General Budget of the Federal Law No. (44) for the year 2017 and modified materials listed in the amended law.
Article 6
The Council of Ministers the authority transfers the amounts necessary to cover the support of the displaced and the crowd and the ruling People's expenditure requirements (medicine) to the Ministry of Health of the assignments referred to in Article (33 / I / b) contained in the table (h) of the Act.
Article 7
- modifies the text of the article (39) of the law to be as follows:
Federal Minister of Finance with the consent of the President of the Federal Council of Ministers to issue guarantees to:
- General Electric Company of $ (563) million dollars (five hundred and sixty-three million dollars) and the signing of the financing of loans guaranteed by international export guarantee institutions, including private investment institutions across the US Sea (OPIC).
- Company (STX) Korean at $ 125 million (one hundred and twenty-five million dollars) to finance the rehabilitation, maintenance and operation of the Ministry of power stations through the Bank Aleo Buff.
Article 8
Modifies table transfers contained in Article 59 of the Law as follows:
1. Inaql the amount of 30 billion dinars (30th billion dinars) of allocations to carry the House of Representatives to the board of the popular crowd / operational.
2. Inaql the amount of 10 billion dinars (ten billion dinars) of allocations carry the Independent High Commission for Elections to the board of the popular crowd / operational.
3. Inaql the amount of 2 billion dinars (two billion dinars) of allocations to carry the board accountability and justice to the Ministry of Water Resources / maintenance and rehabilitation of rivers and streams and Albzul.
4. Inaql the amount of 100 billion dinars (one hundred billion dinars) of allocations carry the Independent High Electoral Commission to the Ministry of Health / governing expenses (medicines, including the Kurdistan region).
5. Inaql amount (5) billion dinars (five billion dinars) of allocations carry the Independent High Electoral Commission to Baghdad / reconstruction of the Secretariat of the Karrada district.
6. Inaql amount (5) billion dinars (five billion dinars) of allocations to carry the Ministry of Education to the Ministry of Agriculture / investment.
Article 9
The Ministry of Finance and the transfer of grades and financial allocation for those wishing to university degrees at least from the employees of the Ministry of Defense to the ministries and other departments except the three presidencies and departments associated and after the transferred her consent, provided that does not entail any financial implications.
Article -10-
This law shall be published in the Official Gazette and shall be effective from the date of its publication.
Reasons
To fill the shortfall in the salaries of state employees and the public sector and employees of the popular crowd and to ensure the payment of bonuses and pension insurance needs of the displaced and to pay the dues of contractors audited by the Federal Office of Financial Supervision and the dues of farmers and securing the needs of the ministries of electricity, oil and health.
Initiated this law.