Economist: the signing of the relationship on the currency "no clear and no light"

[yota691]

With high oil prices .. Parliamentary claims to include functional grades in the budget

04:49 - 12/11/2018

 

 

 

BAGHDAD - Mawazine News 
The members of the House of Representatives called on Monday, the Ministry of Finance to include the functional grades in the budget of 2019. 
A parliamentary source, for / Mawazin News /, "The deputies in today's meeting asked the Ministry of Finance to include new grades in the budget next year, Oil rose from what is in the budget. " 
He added that "the Minister of Finance Fuad Hussein attended the parliament session to discuss the budget and listen to the views of MPs and their proposals," noting that "Parliament asked the minister to add and modify the preparation of job grades because oil prices contribute to the possibility of increasing the numbers and take advantage of this surplus in imports." Finished 29 / d

[yota691]

Collecting parliamentary signatures for the development of the Ministry of Women and the Committee confirms: We will apply for the establishment of a body

05:00 - 12/11/2018

 

 

 

Special - Mawazin News On 
Monday, deputies gathered 25 signatures to create a women's ministry in the cabinet cubicle of Adel Abdul Mahdi. 
A parliamentary source said in an interview with "Mawazine News" that "25 deputies signed a request, to submit to the Presidency of the Council of Representatives for the establishment of a ministry of women." 
For her part, a member of the Parliamentary Women's Committee, Haifa Al-Amin said in an interview with "Mawazin News" that "the Committee will call for the establishment of a higher body for women in the absence of the ministry." 
It is noteworthy that the former Prime Minister Haider Abadi, the abolition of the Ministry of Women in the package reforms in 2015. Ended 29 / h

[TexasMike1958]

43 minutes ago, yota691 said:

The Minister of Finance acknowledges the existence of a problem in dealing with the budget

Release Date: 2018/11/12 16:20 • 32 times read

 

The problem is that camel poop is worth more than your Iraqi dinar right now.....SO FIX THE AMDAY PROBLEM!!!!   RV YOUR UPIDSTAY CURRENCY!!!!! 

[TexasMike1958]

And by the way, aren't they supposed to announce the rest of the cabinet today????

[yota691]

.. Collecting parliamentary signatures to establish a second road in the international road between Iraq and Syria

05:07 - 12/11/2018

 

 

 

 

Baghdad - Mawazin News 
/ Mawazin News / got documents, including the signatures of a number of deputies, to demand the addition of a paragraph to the budget next year to establish a second road to the international link between the city of Ramadi and the Iraqi Iraqi Syrian strategic importance of the province of Anbar.

[yota691]

Parliamentary integrity calls for former ministers to be banned from traveling

"They have suspicions of corruption" ...

 

 Mohammed al-Baghdadi

 12/11/2018 - 17:34

 

 

Archived

 

The Parliamentary Integrity Committee demanded Monday that former ministers should not be allowed to travel until their financial status is cleared before regulatory bodies.

"According to the legal and constitutional contexts, any minister is supposed to discharge his obligation from the ministry to the regulatory bodies, and not to leave Iraq only after the end of his financial debt and the handing over of the final accounts of his ministerial session," committee member Alia Nassif told Basnews.

Pointing out that «over the past years did not get this situation, and this was an obstacle to the judiciary in opening cases against some ministers who have files of corruption».

"The Prime Minister Adel Abdul-Mahdi to demand the new ministers to resolve the amount of damage that occurred under the former minister, so as to facilitate the matter before the judiciary to issue a judicial decision to prevent any former minister of travel, until the acquittal of the charge."

[yota691]

Formation of a joint committee of parliament and government to study the budget of 2019

Editorial Date: 2018/11/12 17:42 • 46 times read

{Baghdad: Al Furat News} It is decided to form a joint committee of the legislative and executive authorities to study the general budget for the year 2019 commensurate with the current oil prices.

"The budget of 2019 witnessed opposition by the members of the House of Representatives, especially after the rise in oil prices, which depend on the budget in full, which necessitates changes in the budget in terms of the presence of grades or the installation of contract employees" , Indicating that "the budget presented is reproduced for the budget of 2018." 
"It was decided to form a joint committee of the legislative and executive bodies to study the budget and the development of paragraphs commensurate with the current situation of oil prices." 
"The House of Representatives has not yet discussed the share of the Kurdistan region of the budget only after the completion of all the belongings of the amendments to them." 
The House of Representatives began its regular session today to discuss the draft law of the budget in 2019 in the presence of the Minister of Finance. is over

[nannab]

Oh goody now they are forming a joint committee for the 2019 budget. 

Good morning Yota 

[yota691]

The mourning of the political blocs: The House of Representatives has a task to legislate the laws of the disabled from the previous sessions

06:03 - 12/11/2018

 

 

 

Baghdad - Mawazin News 
Deputy Speaker of the House of Representatives Bashir Haddad, on Monday, the need for continued coordination and cooperation between the presidency of the Council and blocs and committees to legislate a lot of important laws disabled from previous sessions. 
This came after his meeting with members and leaders of the Kurdish blocs and change and the stream of wisdom, where they discussed several topics, foremost of which is the work of the House of Representatives in the next phase and ways to activate its legislative and supervisory role in accordance with constitutional contexts and internal order and intensify efforts and work under the Parliament to meet the aspirations of citizens and address problems and alleviate Suffering.
Al-Haddad said in a statement issued after the meeting and received a copy of the "Mawazine News" on the importance of continuing meetings and dialogues aimed at coordination and cooperation and communication between the Presidency of the Council and the blocks and committees to unify positions and visions, because before the Council in the next phase a set of benefits to legislate important and idle laws in the sessions Former ". 
He added that "our visit today to the political blocs in the House of Representatives aims to stabilize the spirit of cooperation, and work in the spirit of one team, and the House of Representatives has succeeded in days in naming and forming permanent committees and the distribution of tasks to the deputies, and there is a draft federal budget law for the fiscal year 2019 sent by the government, So we have to intensify dialogues and discussions before the adoption of the law to ensure the rights of all citizens in the provinces in a fair and equitable including the share of the Kurdistan Region of Iraq.  
For their part, the heads and members of the parliamentary blocs visited the mourning visit as a member of the Presidency of the Council of Representatives and promised it a gesture of good and reassuring message and confirm its keenness in continuing coordination, cooperation and joint action to achieve the aspirations of the representatives of the people in the House of Representatives for the fourth parliamentary session and legislation of important laws and the window, The Iraqi street today is waiting for us a lot

[yota691]

Video .. Governor Wasit leaves office towards the House of Representatives and calls for a replacement

07:08 - 12/11/2018

 

 

 

Special - balance News 
announced the governor of Wasit Mahmoud Mulla Talal, on Monday, leaving office and joining the House of Representatives after winning the recent parliamentary elections.

 

 

 

[cabinetman]

My O My...Yota you have more post on here than anyone combined...you have a lot of energy!

 

[yota691]

 

Continuation of parliament session and discussion of the budget of 2019

Editorial Date: 2018/11/12 19:51 • 99 times read

[yota691]

URGENT The parliament session will be adjourned to Tuesday next week

Editorial Date: 2018/11/12 20:29 • 7 times read

[yota691]

Halabousi directed to hold a joint meeting with the government to discuss current expenditures and loans in the budget

08:21 - 12/11/2018

 

 

 

BAGHDAD - Mawazine News 
The head of the House of Representatives Mohamed Halabousi, on Monday, a joint meeting with the government to discuss current expenditures and loans in the budget. 
Al-Halboussi said in a speech during the session of the parliament and its follower Mawazine News that he "directed the Finance Committee to hold a joint meeting with the government committee and officials of the Ministry of Finance and follow-up of the presidency of the Council on Sunday and Monday." 
He added that "the meeting will be to discuss the current and investment expenditures and borrowing and the price of oil barrels and carriers and the development of regions in line with the government program on the federal budget." Finished 29 / d

[yota691]

The House of Representatives raises its meeting to Tuesday of next week

08:30 - 12/11/2018

 

 

 

The House of Representatives raises its meeting to Tuesday of next week

[6ly410]

https://www.alghadpress.com/news/اخبار-العراق-السياسية/181620/وصول-محافظ-البنك-المركزي-الى-البرلمان12th November, 2018

The governor of the Central Bank Ali al-Alak, on Monday, to the House of Representatives. 

The correspondent of "Al-Ghad Press", that the governor of the Central Bank Ali Al-Alq arrived, just before, to the House of Representatives.  He added that this came to discuss the situation of the Central Bank and the Iraqi dinar during today's session.

The Secretary of the Central Committee of the Communist Party and the MP for the alliance of Raed Fahmi said on Monday that the parliamentary session today will host the governor of the Central Bank after the process of signing the new currency, which led to the escalation of questions about whether the paragraph is legal and what the reasons for the development of the signature.

[6ly410]

http://alforatnews.com/modules/news/article.php?storytopic=36&storyid=179766This is what the Parliament will discuss with the Governor of the Central Bank
2018/11/12 14:44 

The House of Representatives in its regular session held now with the Governor of the Central Bank Ali Mohsen Ismail three important topics.
 
A parliamentary source told the {Euphrates News} today that "the most prominent points that will be discussed by the Parliament with the Governor of the Central Bank at its meeting today is the {building of the Central Bank, and put the name of the governor on the currency, and the currency auction.

[6ly410]

http://almasalah.com/ar/news/155599/العلاق-من-البرلمان-الموازنات-للعراق-تخلو-من-الدعم-للصناعات-المحليةRelations from Parliament: Iraq's budget lacks support for local industries
12th November, 2018

The governor of the Central Bank Ali Al-Alak, Monday, that the public balances of Iraq are free of support for Iraqi industries. 

Al-Alak said during his attendance at the parliament session that "the public attributes of Iraq are lacking support for the Iraqi industries." 

He added that "the central bank weighed between the financial options," noting that "despite pressure and impossible targets, but the central bank maintained the exchange rate."

Edited November 12, 2018 by 6ly410

[6ly410]

Sorry I did this on my phone if someone can fix this I would appreciate that.. thanks... go go IQD 

Edited November 12, 2018 by 6ly410

[Butifldrm]

The House of Representatives discusses the monetary policy and amend the bill of the budget of 2019 

 November 12, 2018

The House of Representatives discussed the monetary policy in the presence of the Governor of the Central Bank and the amendment of the federal budget in 2019 with the participation of the Minister of Finance and Deputy Prime Minister for Economic Affairs. .

At the beginning of the session, Mr. Jassem Mohan Al-Bakhati was sworn in as a member of the House of Representatives after the vote on adding this paragraph to the agenda.

President Halabousi discussed the topics of improving the ration card items and the decisions of the previous government during the period of the conduct of business and related to Najaf airport in the next session.

The Council voted on the formation of a fact-finding committee on the security events in Ninewa province, which includes deputies of the province and those who wish to ladies and gentlemen MPs.

The Board discussed the presence of Mr. Ali Mohsen Al-Alaq, Governor of the Central Bank and members of the Board of Directors and Mr. Faisal Al-Hims, Director of the Iraqi Bank for Trade, Monetary Policy.

At the beginning of the hospitality, the President welcomed the attendees to discuss the financial and monetary situation and the work of the Central Bank, praising the success of the Central Bank in addressing the economic challenges and facing the financial crisis, pointing out the existence of problems in need of quick fixes.

In his speech during the meeting, Mr. Ali Mohsen Al-Alaq, Governor of the Central Bank, stressed that the Bank was able to urge the pace and efforts to confront financial crises with the least possible damage and better than expectations. He pointed out that the Central Bank is generally launched through a strategy developed from 2016 to 2020, And programs and initiatives in the first strategy full of visions and objectives to address the vacuum and backwardness of the tremendous developments experienced by the bank and the banking sector for periods of time.

He explained that the approved plan was real and measured by careful follow-up by a specialized department in the Central Bank to follow up all the developments that took place and included the introduction of jobs and tasks that developed within the body of the Central Bank after the introduction of several departments in it, noting the launch of a lending initiative of 6 trillion dinars for the industrial and agricultural sector And the real estate and property, where it amounted to about 2 trillion and 500 billion dinars for the last two sectors as well as to achieve financial stability in light of the current challenges, which was reflected in the provision of salaries to employees and corporate dues during the past years, noting that inflation did not exceed 2% The recent period, Iraq has become part of the international standards followed in this regard.

As for the building of the Central Bank of Iraq, Mr. Al-Alak said that the project started before assuming office, specifically in 2010 through the contract with the Office of Architecture Zaha Hadid directly, the new building enjoys special specifications and advanced electronically.

In turn, Mr. Walid Idi Abdul Nabi, Advisor to the Central Bank, pointed out that the Bank examined the tenders submitted by 4 foreign companies and after a series of meetings by the consultants in the bank was referred to an Azerbaijani company, pointing out that the Economic Affairs Committee decided to exempt the Central Bank Building from the contract instructions And recommending to the General Secretariat of the Council of Ministers for the purpose of presenting a vote on it in the Council of Ministers being outside the competence of the Economic Committee, noting that the estimated cost of the project amounted to about 823 million dollars, while the negotiated cost was reduced to 772 million dollars, Executing company has a long history in executing projects in a number of countries in the world.

Mr. al-Alak said in response to a question concerning the causes of corruption of 12 billion dinars, that the damage was before taking office when the coffers of Rafidain Bank was sinking due to heavy rains in 2012 and caused damage to the banknotes after the arrival of water to the stores, explaining that the Central Bank is replacing currencies When exposed to any damage was also imposed a fine on the management of the Rafidain Bank has been reduced after considering what was spent and fate, especially that these securities outside the age of time, noting that the Central Bank lost the cost of printing banknotes, which represent nothing much, Up to $ 7 billion Dinars, and a value much less than that, as well as an international certificate of cash management.

He pointed out that the reserves of the Central Bank of Iraq is different from the government reserves, indicating that the government reserves result from the surplus achieved by the Ministry of Finance, which happened in the years before 2012, where the reserve reached in 2012 to about $ 20 billion decreased after the deficit to small amounts.

The governor of the Central Bank said that the bank's reserves are higher than in the past, reaching in 2014 about 66 billion dollars, while the reserve currently about 61 billion dollars, as well as the existence of 15 billion dollars of debt to the Central Bank of the government to finance the budget deficit, Has bought Treasury remittances and financial bonds from the market, especially that oil revenues did not exceed the net about $ 2.5 billion per month while salaries 4 billion per month, which could lead to the collapse of the economic situation, which imposed the intervention of the Central Bank, noting that the adequacy of the reserve in Iraq in accordance with international standards Currently 1 69% is expected to arrive after two months to about 180% and the volume of the Iraqi currency traded in the market amounted to 43 trillion dinars.

The interventions and inquiries of the ladies and gentlemen during the discussion focused on the importance of good management of financial reserves and clarification of how to act in foreign currency from the oil resource and the amount of remittances abroad and the expected savings from foreign currency at the end of the year in addition to knowing the disbursement of $ 21 billion of the financial reserve, which was $ 81 billion And to go to 60 billion dollars later as well as the reasons for resorting to the purchase of commercial papers with the feasibility statement of opening foreign banks without providing any economic benefits.

In his response, the Governor of the Central Bank said that the relationship between deficit and monetary policy will be present in the debate of the House of Representatives regarding the budget, calling for the participation of the Central Bank in the meetings of the House of Representatives on the federal budget.

Then the Presidency of the Council decided to postpone the completion of the discussion of the subject of the Central Bank until after the hosting of the State Budget Committee.

The Council hosted the Governmental Committee for the Draft Federal Budget Law of the Republic of Iraq for the fiscal year 2019, headed by Fuad Hussein, Minister of Finance and Deputy Prime Minister for Economic Affairs and his accompanying delegation.

The First Deputy Speaker of the House of Representatives, Mr. Hassan Karim Al-Kaabi, welcomed during his presidency part of the meeting with the government delegation to discuss the budget.

In his speech during the hospitality, the Minister of Finance stressed that the budget was prepared by the previous government in accordance with different visions of the views of the current government on construction and investment, noting the importance of time by the government and the House of Representatives to resolve the budget, adding that the government is about to introduce a new philosophy of the economic situation Private sector and investment.

The Minister of Finance, Deputy Prime Minister for Financial and Economic Affairs, said that the committee is prepared to deal positively with the proposals of the ladies and gentlemen for the purpose of maturing the budget. He expressed his readiness to cooperate with the House of Representatives and the Finance Committee in the Council through holding joint meetings to gather ideas in order to benefit from them. And discussed the possibility of amending the budget, noting the existence of a proposal to assign a staff member the task of coordinating between the ministry and the House of Representatives.

The Minister of Finance, Fuad Hussein, pointed out that the draft budget is still a project that requires constant discussion by the ministers, which requires its completion within two weeks. He pointed out that the government is prepared not to change the budget within the available means and in harmony with the vision of the House of Representatives.

For his part, Mr. Maher Hammad, Undersecretary of the Ministry of Finance to the adoption of the price of oil $ 56 and exports of 3 million and 880 thousand barrels, as well as the presence of 7 trillion dinars current expenditures increased from last year in addition to increasing investment expenditures and allocate 4 trillion dinars in the area of support in various areas such as ration card Farmers and an increase in regional development allocations and petrodollar projects

The interventions of Ladies and Gentlemen focused on the affirmation that the budget prepared the mind of the previous government and adopted on the austerity and demands of the Council represents the needs of the Iraqi street, asking about the objectives of the budget prepared and mechanisms to adopt the price of a barrel of oil $ 56 despite the increase in oil prices and rebuilding the budget again Consistent with the vision of construction.

The interventions included knowledge of the reasons for recalculation of the province of Kurdistan, approximately 12%, while the existence of estimates from the Ministry of Planning indicate that the proportion of the region up to about 14%, noting that the budget of 2019 does not build the economy of the country and different from the curriculum of the government put forward by Mr. Prime Minister, demanding By allowing the private sector to manage the state and manage the economy.

The interventions dealt with the reasons for not allocating a logical budget to the affected governorates and not taking into account the suffering of the people of those provinces with the need to treat Halabja governorate as an independent province, encouraging investment and private sector, providing loans and developing non-oil revenues, and increasing regional development projects as the best solution to eliminate unemployment, Of the value of barrels of oil to support the ration card, and the quest to install all contracts and wages daily, especially in the Ministry of Electricity and work to grant the Kurdistan region share according to the benefits and pay the dues of farmers.

The interventions focused on the need to provide the final accounts and allocation of funds for the development of agriculture and industry and the concern to provide a budget for vocational education and seek to conduct a census to know the population census of all provinces and the province of Kirkuk, the entitlement of the petro dollars as well as the allocation of funds for the Ramadi water project in addition to increasing the allocations of Nineveh province for the reconstruction of destroyed areas With the importance of increasing the allocations allocated to the province of Baghdad for development.

For its part, the government committee pointed out its intention to collect all interventions of ladies and gentlemen MPs for the purpose of discussing with the Minister of Finance with a view to the preparation of the budget bill.

He read the Halabousi book a letter directed by the Council of Ministers to the House of Representatives included the formation of a government committee to discuss the budget law with the House of Representatives and its committees and include the proposals of Ladies and Gentlemen MPs to amend the draft federal budget law, explaining that the House of Representatives will wait for what will result from the meeting of the State Committee with the Finance Committee of Amendments to the draft budget law without ignoring the possibility of another amendment after the second reading.

The Chairman of the House of Representatives members of the Finance Committee to hold a joint meeting with the State Committee and officials of the Ministry of Finance and follow-up from the presidency of the Council on Sunday and the next Monday to discuss on current and investment expenditures and borrowing and the price of oil barrels and carriers and the development of regions in line with the government program on the federal budget.

On the other, the Chairman of the Council of Tajil decided to complete the discussion of monetary policy, thanking Mr. Ali Al-Alaq, Governor of the Central Bank for his presence in the Council to provide the Council with the priorities and statements of the monetary policy of the bank and the questions presented to him and to be presented at the next session.

 

It was then decided to adjourn the meeting until next Tuesday 20/11/2018

Department of Information

Parliament

12/11/2018

 

http://ar.parliament.iq/2018/11/12/مجلس-النواب-يناقش-السياسة-النقدية-وتع/

[TexasMike1958]

Just now, Butifldrm said:

The House of Representatives discusses the monetary policy and amend the bill of the budget of 2019 

 November 12, 2018

The House of Representatives discussed the monetary policy in the presence of the Governor of the Central Bank and the amendment of the federal budget in 2019 with the participation of the Minister of Finance and Deputy Prime Minister for Economic Affairs. .

At the beginning of the session, Mr. Jassem Mohan Al-Bakhati was sworn in as a member of the House of Representatives after the vote on adding this paragraph to the agenda.

President Halabousi discussed the topics of improving the ration card items and the decisions of the previous government during the period of the conduct of business and related to Najaf airport in the next session.

The Council voted on the formation of a fact-finding committee on the security events in Ninewa province, which includes deputies of the province and those who wish to ladies and gentlemen MPs.

The Board discussed the presence of Mr. Ali Mohsen Al-Alaq, Governor of the Central Bank and members of the Board of Directors and Mr. Faisal Al-Hims, Director of the Iraqi Bank for Trade, Monetary Policy.

At the beginning of the hospitality, the President welcomed the attendees to discuss the financial and monetary situation and the work of the Central Bank, praising the success of the Central Bank in addressing the economic challenges and facing the financial crisis, pointing out the existence of problems in need of quick fixes.

In his speech during the meeting, Mr. Ali Mohsen Al-Alaq, Governor of the Central Bank, stressed that the Bank was able to urge the pace and efforts to confront financial crises with the least possible damage and better than expectations. He pointed out that the Central Bank is generally launched through a strategy developed from 2016 to 2020, And programs and initiatives in the first strategy full of visions and objectives to address the vacuum and backwardness of the tremendous developments experienced by the bank and the banking sector for periods of time.

He explained that the approved plan was real and measured by careful follow-up by a specialized department in the Central Bank to follow up all the developments that took place and included the introduction of jobs and tasks that developed within the body of the Central Bank after the introduction of several departments in it, noting the launch of a lending initiative of 6 trillion dinars for the industrial and agricultural sector And the real estate and property, where it amounted to about 2 trillion and 500 billion dinars for the last two sectors as well as to achieve financial stability in light of the current challenges, which was reflected in the provision of salaries to employees and corporate dues during the past years, noting that inflation did not exceed 2% The recent period, Iraq has become part of the international standards followed in this regard.

As for the building of the Central Bank of Iraq, Mr. Al-Alak said that the project started before assuming office, specifically in 2010 through the contract with the Office of Architecture Zaha Hadid directly, the new building enjoys special specifications and advanced electronically.

In turn, Mr. Walid Idi Abdul Nabi, Advisor to the Central Bank, pointed out that the Bank examined the tenders submitted by 4 foreign companies and after a series of meetings by the consultants in the bank was referred to an Azerbaijani company, pointing out that the Economic Affairs Committee decided to exempt the Central Bank Building from the contract instructions And recommending to the General Secretariat of the Council of Ministers for the purpose of presenting a vote on it in the Council of Ministers being outside the competence of the Economic Committee, noting that the estimated cost of the project amounted to about 823 million dollars, while the negotiated cost was reduced to 772 million dollars, Executing company has a long history in executing projects in a number of countries in the world.

Mr. al-Alak said in response to a question concerning the causes of corruption of 12 billion dinars, that the damage was before taking office when the coffers of Rafidain Bank was sinking due to heavy rains in 2012 and caused damage to the banknotes after the arrival of water to the stores, explaining that the Central Bank is replacing currencies When exposed to any damage was also imposed a fine on the management of the Rafidain Bank has been reduced after considering what was spent and fate, especially that these securities outside the age of time, noting that the Central Bank lost the cost of printing banknotes, which represent nothing much, Up to $ 7 billion Dinars, and a value much less than that, as well as an international certificate of cash management.

He pointed out that the reserves of the Central Bank of Iraq is different from the government reserves, indicating that the government reserves result from the surplus achieved by the Ministry of Finance, which happened in the years before 2012, where the reserve reached in 2012 to about $ 20 billion decreased after the deficit to small amounts.

The governor of the Central Bank said that the bank's reserves are higher than in the past, reaching in 2014 about 66 billion dollars, while the reserve currently about 61 billion dollars, as well as the existence of 15 billion dollars of debt to the Central Bank of the government to finance the budget deficit, Has bought Treasury remittances and financial bonds from the market, especially that oil revenues did not exceed the net about $ 2.5 billion per month while salaries 4 billion per month, which could lead to the collapse of the economic situation, which imposed the intervention of the Central Bank, noting that the adequacy of the reserve in Iraq in accordance with international standards Currently 1 69% is expected to arrive after two months to about 180% and the volume of the Iraqi currency traded in the market amounted to 43 trillion dinars.

The interventions and inquiries of the ladies and gentlemen during the discussion focused on the importance of good management of financial reserves and clarification of how to act in foreign currency from the oil resource and the amount of remittances abroad and the expected savings from foreign currency at the end of the year in addition to knowing the disbursement of $ 21 billion of the financial reserve, which was $ 81 billion And to go to 60 billion dollars later as well as the reasons for resorting to the purchase of commercial papers with the feasibility statement of opening foreign banks without providing any economic benefits.

In his response, the Governor of the Central Bank said that the relationship between deficit and monetary policy will be present in the debate of the House of Representatives regarding the budget, calling for the participation of the Central Bank in the meetings of the House of Representatives on the federal budget.

Then the Presidency of the Council decided to postpone the completion of the discussion of the subject of the Central Bank until after the hosting of the State Budget Committee.

The Council hosted the Governmental Committee for the Draft Federal Budget Law of the Republic of Iraq for the fiscal year 2019, headed by Fuad Hussein, Minister of Finance and Deputy Prime Minister for Economic Affairs and his accompanying delegation.

The First Deputy Speaker of the House of Representatives, Mr. Hassan Karim Al-Kaabi, welcomed during his presidency part of the meeting with the government delegation to discuss the budget.

In his speech during the hospitality, the Minister of Finance stressed that the budget was prepared by the previous government in accordance with different visions of the views of the current government on construction and investment, noting the importance of time by the government and the House of Representatives to resolve the budget, adding that the government is about to introduce a new philosophy of the economic situation Private sector and investment.

The Minister of Finance, Deputy Prime Minister for Financial and Economic Affairs, said that the committee is prepared to deal positively with the proposals of the ladies and gentlemen for the purpose of maturing the budget. He expressed his readiness to cooperate with the House of Representatives and the Finance Committee in the Council through holding joint meetings to gather ideas in order to benefit from them. And discussed the possibility of amending the budget, noting the existence of a proposal to assign a staff member the task of coordinating between the ministry and the House of Representatives.

The Minister of Finance, Fuad Hussein, pointed out that the draft budget is still a project that requires constant discussion by the ministers, which requires its completion within two weeks. He pointed out that the government is prepared not to change the budget within the available means and in harmony with the vision of the House of Representatives.

For his part, Mr. Maher Hammad, Undersecretary of the Ministry of Finance to the adoption of the price of oil $ 56 and exports of 3 million and 880 thousand barrels, as well as the presence of 7 trillion dinars current expenditures increased from last year in addition to increasing investment expenditures and allocate 4 trillion dinars in the area of support system" rel="">support in various areas such as ration card Farmers and an increase in regional development allocations and petrodollar projects

The interventions of Ladies and Gentlemen focused on the affirmation that the budget prepared the mind of the previous government and adopted on the austerity and demands of the Council represents the needs of the Iraqi street, asking about the objectives of the budget prepared and mechanisms to adopt the price of a barrel of oil $ 56 despite the increase in oil prices and rebuilding the budget again Consistent with the vision of construction.

The interventions included knowledge of the reasons for recalculation of the province of Kurdistan, approximately 12%, while the existence of estimates from the Ministry of Planning indicate that the proportion of the region up to about 14%, noting that the budget of 2019 does not build the economy of the country and different from the curriculum of the government put forward by Mr. Prime Minister, demanding By allowing the private sector to manage the state and manage the economy.

The interventions dealt with the reasons for not allocating a logical budget to the affected governorates and not taking into account the suffering of the people of those provinces with the need to treat Halabja governorate as an independent province, encouraging investment and private sector, providing loans and developing non-oil revenues, and increasing regional development projects as the best solution to eliminate unemployment, Of the value of barrels of oil to support system" rel="">support the ration card, and the quest to install all contracts and wages daily, especially in the Ministry of Electricity and work to grant the Kurdistan region share according to the benefits and pay the dues of farmers.

The interventions focused on the need to provide the final accounts and allocation of funds for the development of agriculture and industry and the concern to provide a budget for vocational education and seek to conduct a census to know the population census of all provinces and the province of Kirkuk, the entitlement of the petro dollars as well as the allocation of funds for the Ramadi water project in addition to increasing the allocations of Nineveh province for the reconstruction of destroyed areas With the importance of increasing the allocations allocated to the province of Baghdad for development.

For its part, the government committee pointed out its intention to collect all interventions of ladies and gentlemen MPs for the purpose of discussing with the Minister of Finance with a view to the preparation of the budget bill.

He read the Halabousi book a letter directed by the Council of Ministers to the House of Representatives included the formation of a government committee to discuss the budget law with the House of Representatives and its committees and include the proposals of Ladies and Gentlemen MPs to amend the draft federal budget law, explaining that the House of Representatives will wait for what will result from the meeting of the State Committee with the Finance Committee of Amendments to the draft budget law without ignoring the possibility of another amendment after the second reading.

The Chairman of the House of Representatives members of the Finance Committee to hold a joint meeting with the State Committee and officials of the Ministry of Finance and follow-up from the presidency of the Council on Sunday and the next Monday to discuss on current and investment expenditures and borrowing and the price of oil barrels and carriers and the development of regions in line with the government program on the federal budget.

On the other, the Chairman of the Council of Tajil decided to complete the discussion of monetary policy, thanking Mr. Ali Al-Alaq, Governor of the Central Bank for his presence in the Council to provide the Council with the priorities and statements of the monetary policy of the bank and the questions presented to him and to be presented at the next session.

 

It was then decided to adjourn the meeting until next Tuesday 20/11/2018

Department of Information

Parliament

12/11/2018

 

http://ar.parliament.iq/2018/11/12/مجلس-النواب-يناقش-السياسة-النقدية-وتع/

 

Its nice to know they have not forgotten how to take time off while we wait for them to do something that should have been done years ago....

[ChuckFinley]

5 hours ago, Synopsis said:

 

Well, I DO like the topic of the Parliament discussing the "auction currency" with the acting CBI Governor Ali al-Alaaq. I am hoping they say, "DUDE!!! STOP THAT!!!"!!! Knowing the Bicraqi Iraqi, THEY may say, "WE want MO MONAE'. SO!!! Put THOSE BABIES on STEROIDS!!!"!!!

 

In reference to "put the name of the latter on the currency" "where it face many reactions, most of which were rejecting" kinda sounds like Ali al-Alaaq is getting a spanking by the Parliament. Good Show!!! Maybe, just maybe, they'll send Ali al-Alaaq into the sunset WITHOUT any retirement. AND Dr. Shabibi will, like, just show up and kick the SHOW INTO GEAR!!!

 

We'll See!!!

 

Better load up on mo coffae'!!!

 

In The Mean Time.......................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEY YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

   

Lie where you are coming from on this.  

[Butifldrm]

Halboussi's policy is to guide economic issues

Twilight News    

 3 hours ago

The head of the House of Representatives Mohamed Halboussi, on Monday, the Finance Committee in parliament to discuss several economic issues.

A statement on the office of Halabousi told the news that the latest financial committee to hold a joint meeting with the government and officials of the Ministry of Finance and follow-up from the presidency of the Council on Sunday and the next Monday to discuss on current and investment expenses and borrowing and the price of oil barrels and carriers and the development of regions.

The statement added that this comes "in line with the government program and the federal budget."

Keywords:

 

http://www.shafaaq.com/ar/Ar_NewsReader/7cbd5aa0-8332-4e39-8e44-e4c24dd66f52

[Butifldrm]

 Press reports areinstalled 

MP Khalaf Abdul Samad announced the adoption of the follow-up legislation of 23 laws

 November 12, 2018

On Monday, 12/11/2018, MP Khalaf Abdul Samad announced the adoption of the follow-up legislation of 23 important laws.

The MP said Khalaf Abdul Samad , head of the rule of law at a news conference in the House of Representatives issued a statement in the name of the block that the "State of Law bloc has adopted a program of work during the current legislative session includes specific targets and to achieve the aspirations of the citizens and consists of this program in two phases within a specific timeframe: the 
first stage : the stage of the legislation of laws: 
1. The draft law to address slums: 
2. Parwq secretion of land and orchards law: 
3. project merging ministries Law: 
4. draft Law on health insurance: 
5. project oil and gas and natural resources Law: 
6. draft social insurance Law after amended: 
7. Qa project N Consultancy Offices: 
8. Communication and Information Crimes Bill: 
9. Federal Court Bill:
10. draft amendment of the Companies Act: 
11. Draft FAO authority of the law: 
12. Project of the Iraqi Maritime Authority Law: 
13. Project Census Law: 
14. draft amendment to the Unified Retirement Law: 
15. Draft criminalization of state sponsors of terrorism law: 
16. Bill 
17 - Draft law of the Federal Development Council: 
18 - Draft law of the capital Baghdad: 
19 - Draft law of the Council of the Union: 
20 - Draft law of the National Palm: 
21 - the draft law on military promotions:
22. Draft Amendment to the Electoral Law: 
Draft Amendment to the Law of Treaties and Conventions:

Phase II: Law follow-up and project implementation phase:

1- Follow up the implementation of the Basrah water project, which treats salinity and the delivery of potable water to the citizens. 
2 - Follow-up of the implementation of sewerage projects such as the large Diwaniya project and the Zubayr streams in the province of Basra (allocated amounts within the budget of 2018). 
3 - the road of death link between the provinces of Maysan and Dhi Qar (allocated amounts within the budget in 2018) as well as follow-up implementation of the way 
FAO. 
4- Construction of wastewater treatment plants in the Tigris and Euphrates Rivers. 
The Information Department of the 
House of Representatives 
12/11/2018

http://ar.parliament.iq/2018/11/12/النائب-خلف-عبد-الصمد-يعلن-تبني-متابعة-ت/

[NEPatriotsFan1]

Hopefully he’s there to press the “EASY” BUTTON!!!