July 1, 2020, 6:05 AM EDT Updated on July 1, 2020, 10:19 AM EDT Nation could get $5 billion at most from IMF: finance minister The economy will probably shrink 7%-9% this year, says Allawi As a result, the country has experienced the largest contraction of its economy since 2003. Recent military, political, and economic developments have placed a higher importance on U.S. assistance to the government and people of Iraq. Click for PDF. The COVID-19 pandemic and a sharp decline in oil revenues have exacerbated Iraqs longstanding economic vulnerabilities. An Iranian-backed militia's New Year's 2020 attack on the U.S. Embassy in Baghdad caused $35 million worth of damage, a government watchdog agency report found. Prior to 1976, the fiscal year began on 1 July and ended on 30 June. country comparison to the world (CIA All suggestions for corrections of any errors about Iraq Economy 2020 should be addressed to the CIA or the source cited on each page. Iraq's cabinet on Monday approved a 2021 draft budget of 150 trillion Iraqi dinars ($103 billion) as the country wrestles with an economic and financial crisis due to low crude prices. Cases or matters with deposits received before the end of fiscal year 2020 (September 30, 2020): Pouran Aazad, et al. For the fourth quarter of Fiscal Year (FY) 2020, U.S. Central Command reported 43,809 contractor personnel working for DOD within its area of responsibility, which included 27,388 individuals located in Afghanistan, Iraq, and Syria (see Figure 1 and Figure 2). Fiscal Expenditure in Iraq averaged 30264813.78 IQD Million from 2004 until 2020, reaching an all time high of 111723523 IQD Million in December of 2019 and a record low of 468749 IQD Million in January of 2004. The economy shrank 11.7% in the second quarter according to recent data, on sharp downturns in both the oil and non-oil sectors. The number of refugees admitted depends on the administration and world events, but the ceiling for the current fiscal year, 15,000, is the lowest in the programs four decade-long history. We welcome the Iraqi Council of Ministers approval of the draft 2021 budget, which, we understand, envisages important fiscal reforms, the IMF said in a December 24 statement. The FY2022 Budget was released on May 27, 2021. Iraqs economic and fiscal crises, which came to the forefront this year following the onset of the coronavirus pandemic, were bound to happen at some point. Iraqs budget deficit is set to widen the most since 2004 this year, to a fiscal balance of negative 20%. Iraq publishes 2018 budget in its official gazette Iraq president finally approves divisive 2018 budget Iraqi President rejects 2018 budget bill, returns it to parliament Creating The Future Force: Futures Command and Night Court (Photo by Niels Wenstedt/BSR Agency/Getty Images) (Updated) (CNSNews.com) Fiscal year 2020 ended overnight with the smallest number of refugees resettled in the United States in more than 40 years, and the Trump administration setting a cap on 15,000 refugee admissions for fiscal year 2021. 5547. The economy shrank by 4.6% in the 2018-2019 fiscal year and the contraction is expected to deepen to 7.2% in the current fiscal year, the IIF, a finance industry body, said this week. Phases of the Moon are calculated using local time in Baghdad. The statistic shows Iraq's budget balance in relation to GDP between 2016 and 2020, with projections up until 2026 . On December 23, 2020, U.S. Four Questions About Debt and Financing Risks from COVID-19 in the Middle East and North Africa . (UK Holidays) Download the printable 2020-2021 fiscal year calendar template, months starts on April and week starts on Monday. Since 2003, the Department of Defense has received about $838 billion in emergency and overseas contingency operation funding for operations in Iraq through fiscal year 2019. Growth is projected at 5.1 percent in 2020 but 2.7 percent in 2021, mostly due to the outlook of the oil markets, where prices and exports are expected to weaken with lower global demand and uncertainty over the renewal of the OPEC+ agreement. President Trump capped the number of worldwide refugees the United States will admit in the 2020 fiscal year The U.S. has said remarkably little about how conditional its future plans to withdraw all forces in Afghanistan are on the success of the peace process, whether it will provide adequate support for Afghan military forces if the peace effort fails, or whether the U.S. plans to provide any security guarantees and military aid if a peace agreement is reached. $400.00 million. L. No. After Tough 2020, Iraq Eyes More Economic Pain Ahead. Article 9 of the Constitution of Iraq establishes the legal basis of the Iraqi Armed Forces.Much of the wording of Article 9 draws upon Article 27 of the 2004 Transitional Administrative Law. The AFR provides financial and performance information for the fiscal year beginning October 1 and ending on September 30, with comparative prior year data, where appropriate. Format. 12-6-2020 Intel Guru Footforward their budgets have typically been running at the same time with Kuwaits fiscal year which is April to the end of March I believe but theyre fiscal year seems to be the end of December (Iraq The U.S. Army would get $173.0 billion under the Pentagons fiscal 2022 budget request, down from the $176.6 billion it received in the current fiscal year, according to its budget documents. Allianz Global Risks U.S. Insurance Company ; Apollo Aviation Group, LLC ; United States v. Mehmet Hakan Atilla, et al., 15-cr-867 (S.D.N.Y.) 1998 Died: Galina Ulanova, Russian ballet dancer and ballet coach who is considered New Moon. What corona and the ensuing drop in oil prices and declining demand for oil did is accelerate the timing, according to the recently released Iraqi government white paper, a report of the Emergency Cell for Financial Reform. Iraq from The World Bank: Data. 3 items. Iraq's hitherto agrarian economy underwent rapid development following the 14 July Revolution overthrowing the Hashemite Iraqi monarchy, becoming the third-largest economy in the Middle East by 1980. The NDAA supports a total of $750 billion in fiscal year 2020 funding for national defense, in line with the budget request and the NDS Commission report. Calendar for Year 2021 (Iraq) Printing Help page for better print results. Iraq publishes 2018 budget in its official gazette Iraq president finally approves divisive 2018 budget Iraqi President rejects 2018 budget bill, returns it to parliament Date: 2020-07-01T14:04:08+0000. Including mandatory funding provided in the Higher Education Act, the Pell Grant maximum award in award year 2020-21 will be $6,195, the Since 2003, the Department of Defense has received about $838 billion in emergency and overseas contingency operation funding for operations in Iraq through fiscal year 2019. Iraq can now change the rate anytime between now and the end of March. Overall, the Presidents fiscal year 2021 Budget includes $66.6 billion in new discretionary budget authority for the Department of Education, a $6billion, or 8percent reduction below the fiscal year 2020 .4 .1 appropriation. Iraq Government Budget - values, historical data and charts - was last updated on June of 2021. Government Budget in Iraq is expected to reach -12.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. 116-92 (2019) (''NDAA for FY 2020") .. To authorize appropriations for fiscal year 2021 for military activities of the Depart-ment of Defense, for military construction, and for defense activities of the Depart-ment of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes. Full Moon. FY2018. Monetary financing from the CBI increased to IQD28.5 trillion by end-August (15% of our forecast GDP in 2020), from IQD14.1 trillion at end-May. Army plans for force expansion collapsed this year. Federal spending on post-9/11 military action in Iraq and Afghanistan stands at $6.4 trillion through fiscal year 2020, according to a new study from Growth was stymied by depressed global demand for oil and Iraqs adherence to OPEC+ production cuts. for Fiscal Year 2021 Chairman Smiths proposal for the Fiscal Year 2021 National Defense Authorization Act (NDAA) focuses on maintaining the strength of our defense enterprise as our nation grapples with a once-in-a-generation health crisis and a heightened social crisis against the backdrop of sustained systemic discrimination. This language sets the maximum Pell Grant award for award year 2020-21. Description of Operations Financed (cont.) Several senators also acknowledged the deaths of two American soldiers one day before in a rocket attack in Iraq. Last weeks obligatory announcement was that Congress appropriated $23.1 billion for its operations in fiscal year 2020, a nine year high. Total Fiscal 2020 revenue was $17.1 billion, up 29% year-over-year, and 29% in constant currency. End of Federal Fiscal Year 2020 Impact on Funds Availability for Pell Grant, Campus-Based, Iraq and Afghanistan Service Grant, TEACH Grant, and Direct Loan Programs (G5 and COD System) The federal fiscal year for the Department of Education (the IMPACT OF COVID-19: As of December 1, 2020, 12,306 deaths had been attributed to the pandemic in Iraq, and the economy was forecast to contract by 12.1 percent for the year. Fiscal Year (FY) 2020 Presidents Budget I. The GoI designated the DNGO as lead authority for receiving national humanitarian access letter applications. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 1. He explained, "Iraq suffered two shocks during the year 2020, one from the drop in oil prices, and the other due to the Corona pandemic," stressing that "the World Bank estimated the contraction of the Iraqi economy during the past year by 10.3%, due to the contraction of oil production as a result of the OPEC + agreement, as well as the pandemic." 2005 16-year-old Jeffrey Weise killed his grandfather and his grandfather's girlfriend, and then shot and killed 7 people in Red Lake Senior High School, Minnesota. The fiscal year 2020 budget requests $40 billion to protect U.S. citizens, increase American prosperity by utilizing foreign assistance to grow opportunities for U.S. businesses, and support our allies and partners. Through Fiscal Year 2020, the United States federal government has spent or obligated $6.4 trillion dollars on the post-9/11 wars in Afghanistan, Pakistan, Iraq, and elsewhere. A U.N.-administered refugee camp on the Greek island of Lesbos. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY). January 23, 2020. Professional services and other revenues for the year were $1.1 billion, an increase of 21% year-over-year. Each year, the Office of Management and Budget (OMB) prepares the President's proposed Federal Government budget for the upcoming Federal fiscal year, which runs from October 1 through September 30 of the following year. 2019 Year-End Sanctions Update. Legal Immigration and Adjustment of Status Report Fiscal Year 2020, Quarter 4. Large fiscal and external November 3, 2020. Overall, the Presidents fiscal year 2021 Budget includes $66.6 billion in new discretionary budget authority for the Department of Education, a $6billion, or 8percent reduction below the fiscal year 2020 .4 .1 appropriation. 115-91 {2017) ("NDAA FY 2018"), as amended by Section 1261, National Defense Authorization Act for Fiscal Year 2020, Pub. March 4, 2020 Pentagon Fiscal Year 2021 Budget Request. Source: BCT data in Office of the Undersecretary of Defense (Comptroller), Defense Budget Overview: Fiscal Year 2020 Budget Request, Appendix A, Table A-4, A3; End Strength data in Army FY2020 Budget Overview, 6. United States v. Rasheed Al Jijakli, 17-cr-85 (C.D. Less than 1 percent of the total number of displaced people on the world has been resettled to one of 37 current resettlement countries each year. The UN released the 2020 Iraq Humanitarian Needs Overview (HNO) in midNovember, identifying 4.1 million people in need of emergency assistancea nearly 40 percent decrease from the The identification of a fiscal year is the calendar year in which it ends; thus, the current fiscal year is 2021, often written as "FY2021" or "FY21", which began on 1 October 2020 and will end on 30 September 2021. As part of this oversight, the Reports Consolidation Act of 2000 (Public Law 106531) requires USAID to include in its performance and accountability report a statement by the Inspector Section 1105 extends to calendar year 2020 the authority provided in section 1101 of the Duncan Hunter National Defense Authorization Act for Fiscal Year 2009 (Public Law 110-417, October 14, 2008), as amended, for the head of an agency to waive the normally applicable premium pay cap established in 5 U.S.C. Calendars online and print friendly for any year and month Fiscal Year. The key point in the budget bill, which the head of the Planning and Budget Organization Mohammad Bagher Nobakht heavily promotes, is to approach the share of oil sales in Irans 2020-2021 budget to zero. The wars that followed, in Afghanistan and Iraq, caused defense spending to shoot up again, reaching almost $820 billion and 4.7 percent of GDP in 2010. Iraq attained its independence as a kingdom in 1932. Government Budget in Iraq decreased to -17.50 percent of GDP in 2020 from -0.90 percent of GDP in 2019. The economy of Iraq is dominated by the oil sector, which has provided about 99.7% of foreign exchange earnings in modern times. Red Public Holidays and Sundays. It was proclaimed a "republic" in 1958 after a coup overthrew the monarchy, but in actuality, a series of strongmen ruled the country until 2003. The Department of Homeland Security (DHS) issues quarterly reports detailing the number of adjustments of immigration status. Fiscal 2020 operation and maintenance (Marine Corps) funds in the amount of $9,640,800 will be obligated at the time of award and will expire at the end of the current fiscal year. of establishing a stable, democratic Iraq and addressing terrorist threats emanating from Iraq. Cal.) Iraq Economic Outlook. 2020 Yearly Fiscal Calendar Templates. Disable moonphases. Part A, First Section, Article 9 states that 'The Iraqi armed forces and security services will be composed of the com In fact, the boys on the Hill tacked on a $100 million dollar bonus on top of the Pentagons request. Real GDP contracted by an estimated 11 percent in 2020, reflecting a slowdown in non-oil activity and cutbacks in oil output as a result of OPEC+ decisions. USAID HUMANITARIAN FUNDING FOR THE IRAQ RESPONSE IN FY Across the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), countries responded to the COVID-19 pandemic with unprecedented scale and urgency. (UK Holidays) A printable 2020-21 year at a glance fiscal calendar in a horizontally arranged month dates in one-page design Excel template. L. No. Preview Download. Category: Iraq News. Between claims of financial carpet bombing and dire warnings regarding the weaponization of the U.S. dollar, it was difficult to avoid hyperbole when describing the use of economic sanctions in 2019. Date: 2020-09-14T12:49:54+0000. Ambassador to Iraq Matthew H. Tueller redeclared a disaster in Iraq for FY 2021 due to the ongoing complex emergency and humanitarian crisis. IBRD/IDA Operations Approved by Fiscal Year. Be it enacted by the Senate and House of Representatives of The revision of the Outlook to Negative reflects the impact of the decline in oil prices on The fiscal year 2021 Request includes the following key initiatives: Education 1 . However, this claim is a mere lie, given how Iranian President Hassan Rouhani emphasized the need for oil revenues in his speech. Fiscal year DEFINITION: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. At the core ol our request is the guiding principle that taxpayer dollars must be used wisely. Subscription and support revenues for the year were $16.0 billion, an increase of 29% year-over-year. 0.5% (2016 est.) CTR-9 $ in thousands FY 2018 FY 2019 FY 2020 Actuals Enacted Estimate C. Global Nuclear Security (GNS) 43,287 44,001 33,919 The GNS Program prevents the proliferation of nuclear weapons, weapons components, and weapons-related materials and expertise. for Fiscal Year 2021 Chairman Smiths proposal for the Fiscal Year 2021 National Defense Authorization Act (NDAA) focuses on maintaining the strength of our defense enterprise as our nation grapples with a once-in-a-generation health crisis and a heightened social crisis against the backdrop of sustained systemic discrimination. Iraq 2020 Calendar with holidays. Iraqs fiscal crisis comes on the heels of the political crisis of the outgoing government, which left the country without a budget for most of 2020. The fiscal year 2021 Request includes the Fiscal Expenditure in Iraq increased to 76082443 IQD Million in the January - December period 2020. estimated $6.4 Trillion through Fiscal Year 2020 in budgetary costs related to and caused by the post-9/11 warsan estimated $5.4 Trillion in appropriations in current dollars and an additional minimum of $1 Trillion for US obligations to care for the veterans of these wars through the next several decades.2 Iraq Technical Assistance in Fiscal Year 2020 Banking Supervision (September 2-6, January 26-30) During the reporting period, data are disaggregated by type of adjustment, type and detailed class of admission, and country of nationality. The last was SADDAM Husayn from 1979 to 2003. A year of economic agony for pandemic-hit and oil-reliant Iraq is drawing to a close, but a draft 2021 budget involving a The State Departments Fiscal Year 2020 Agency Financial Report (AFR) provides financial and performance information for the fiscal year beginning October 1, 2019, and ending on September 30, 2020, with comparative prior year data, where appropriate. 3rd Quarter. Indeed, Iraqs GDP posted a sharp contraction of 10.4% in 2020. The AFR provides financial and performance information for the fiscal year beginning October 1 and ending on September 30, with comparative prior year data, where appropriate. 4 1 Section 1264, National Defense Authm;ization Act for Fiscal Year 2018, Pub. with Iraq. The contraction in Q3 was likely also marked. that arrive in FY 2020 and any future scal years are counted toward the FY 2018 refugee admissions ceiling. 2The maximum Pell Grant for which a student shall be eligible during award year [2019-2020] 2020-2021 shall be $5,135. Fiscal year: calendar year Inflation rate (consumer prices): 0.1% (2017 est.) for Fiscal Year 2021 Chairman Smiths proposal for the Fiscal Year 2021 National Defense Authorization Act (NDAA) 2020, unless 180 days in Iraq. For fiscal year 2021, the bill provides $694.6 billion in new discretionary spending authority for the Department of Defense for functions under the Defense Subcommittees jurisdiction, an increase of $1.3 billion above the FY 2020 enacted level, and $3.7 billion below the Presidents budget request. Territorial disputes with Iran led to an inconclusive and costly eight-year war (1980-88). Fiscal Year 2022 Budget. 1st Quarter. In such cases, Iraqi law allows the government to spend one twelfth of the previous years actual spending each month. A camp for displaced people south of Mosul, Iraq, in 2017. New and Supplemental Projects by Fiscal Year. High Frequency Phone Survey 2020-2021. Shafaq News / The Parliamentary Economic and Investment Committee revealed, on Wednesday, the federal budget deficit for the year 2020, indicating that it As you work to reconcile the House and Senate versions of the National Defense Authorization Act for Fiscal Year 2020 (NDAA), we strongly urge you to retain in the conference version of the bill the provision from the House- passed bill, H.R. Shafaq News / The Parliamentary Finance Committee announced, on Wednesday, that the Iraqi government will start preparing a budget law draft for the year 2021, noting that oil prices will determine the fiscal deficit in the budget. However, it has since been flat because the government needs parliament to approve further borrowing. Iraq. This section includes the oversight agencies planned and ongoing projects for FY 2020, as well as prior fiscal year published reports for other oversight projects related to contingency operations. approximately $29 billion in fiscal year 2020OIG independently oversees USAID operations and programs. Iraq remains a vital partner to the United States in the fight to degrade and ultimately defeat the Islamic State of Iraq and the Levant (ISIL). United States v. fiscal year 2021. Iraqs budget deficit is set to widen the most since 2004 this year, to a fiscal balance of negative 20%. Iraq devalued its currency in December for the first time since the US-led invasion in 2003, knocking off 23% of the Iraqi dinars value. From FY2011 to FY2019, obligations for all DOD-funded contracts performed within the Iraq Data provided b\ the U.S. Department of State Bureau of Population, Refugees and Migration (PRM) refugee case management s\stem Fiscal Year Arrivals (Single FY) Data as of 5/5/2021 4:02:37 PM While there were approximately 26 million refugees worldwide as of fiscal year (FY) 2020, the U.S. currently resettles just a small fraction of them. September 16, 2020. Within this total, the legislation authorizes a base defense budget of $642.5 for the Department of Defense and $23.2 billion for national security programs within the Department of Energy. Aaron O'Neill. As their post-service needs evolved, so have our programs and services. Yearly calendar showing months for the year 2020. members returning home from the conflicts in Iraq and Afghanistan. Iraq Complex Emergency Fact Sheet #4, Fiscal Year (FY) 2020. Government Budget in Iraq averaged -4.26 percent of GDP from 2004 until 2020, reaching an all time high of 10.70 percent of GDP in 2006 and a record low of -34.90 percent of GDP in 2004. Shafaq News / The Iraqi Council of Ministers approved the federal budget law draft for the year 2020 and submitted it to the council of Representatives.