Al-Kazemi Receives A Call From Washington, Trump: Ready To Help Iraq Economically !

[DinarThug]

CNN. Broadcasting While Eavesdropping In On The Call !
 

 

Al-Kazemi receives a call from Washington, Trump: ready to help Iraq economically

2020-05-11

 

 

Follow Iraq:
 

Prime Minister Mustafa Al-Kazemi's office announced today, Monday, that he received a phone call from US President Donald Trump, in the first "high-level" communication after Al-Kazemi took over as prime minister.

"Prime Minister Mustafa Al-Kazemi received a phone call from US President Donald Trump, in which he congratulated Al-Kazemi on his assumption of the presidency of the Iraqi government," said a statement, seen by him, "Yass Iraq."

 

The statement added, "Prime Minister Mustafa Al-Kazemi thanked the American President for the congratulations, stressing Iraq’s keenness to establish the best relations with the United States."

For his part, Trump stressed that "Iraq is a strong and important country and has a central role in the region and in achieving regional and international stability," stressing that "the United States of America is keen on strengthening relations between the two countries, and his country's willingness to provide the necessary economic assistance to support the Iraqi economy."

The statement continued that the two sides "agreed to expand cooperation in the fight against the Corona pandemic, as well as to develop economic investment efforts to serve the interests of both countries."

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[DinarThug]

Trump congratulates Al-Kazemi on his assumption of the premiership

 

Policy

- 11-05-2020 08:21 PM - Views: 4296

 

On Monday, US President Donald Trump congratulated Prime Minister Mustafa Al-Kazemi on his assumption of the new government.

Al-Kazemi thanked the US President for this congratulation, stressing Iraq’s keenness to establish the best relations with the United States, and in turn Trump stressed that Iraq is a strong and important country and has a central role in the region and in achieving regional and international stability.

Trump stressed his country's keenness to strengthen relations with Iraq, and its willingness to provide the necessary economic assistance to support the Iraqi economy, and it was agreed to expand cooperation in combating the Corona pandemic, and to develop economic investment efforts to serve the interests of both countries.

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US President Donald Trump blesses Mustafa Al-Kazemi as head of the Iraqi government

Publish date: 11.05.2020 | 17:42 GMT |
Last update: 11.05.2020 | 17:49 GMT |Arab World

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Edited May 11, 2020 by DinarThug

[Mary B]

Al-Kazemi's difficult decisions .. Will Iran lose its hegemony over Iraq?

 

 

May 11, 2020

 

 

The Iranian influence was severely damaged after the killing of Muhandis and Soleimani

Last Saturday night, a protester was killed in Basra, in southern Iraq, by gunmen from the Islamic "Revenge of God" movement, who opened fire on a group of demonstrators who gathered in front of the movement's headquarters accused of sponsoring corruption, smuggling oil and controlling jobs in the province.

This was not the first time that demonstrators in Basra had been killed by partisan militia, but it was the first time that the perpetrators had been arrested, perhaps years ago, and with the direct attention of the new Iraqi Prime Minister, Mustafa al-Kazemi.

Al-Kazimi said in a tweet, "We promised that those involved in the blood of the Iraqis will not sleep to inspire."

Mustafa Al-Kadhimi مصطفى الكاظمي

 

✔@MAKadhimi

 

 

وجّهتُ، فجر اليوم، بملاحقة المتورطين بمهاجمة المتظاهرين في البصرة، ونفذت القوات الامنية عملية اعتقالهم بعد صدور مذكرات قضائية، شكرا للقضاء العادل والاجهزة الامنية البطلة.
وعدنا بأن المتورطين بدم العراقيين لن يناموا ليلهم، نحن نفي بالوعد.
سلمية الاحتجاج واجب يشترك به الجميع.

 

٩٬٢١٦

٨:٤٠ ص - ١١ مايو ٢٠٢٠

المعلومات والخصوصية لإعلانات تويتر

 

٢٬٧٦٤ من الأشخاص يتحدثون عن ذلك

 

 

 

But these people are not involved in any of the Iraqi blood. The Vengeance Movement, to which the arrested five militants belong, is a movement established in Iran during the 1980s as part of a group of armed Islamic movements established to fight Saddam Hussein's regime and the Iraqi army during the Iran-Iraq war.

After the fall of the regime, the movement did not turn into a political party, and had no representation outside Basra, and was satisfied with managing economic and security activity in the province, which is rich in oil fields, and where smuggling is frequent.

 

Bold movement

 

"The movement is relatively small and largely unknown at the level of Iraq, but it is an Iranian-backed movement and its leaders enjoy many relations with other militias, and the arrest of its members is a challenge from the prime minister to the militia authority," political analyst Ahmed Salim told Al-Hurra.

Al-Kazemi also ordered the closure of the movement’s headquarters, which Salim considers a “bold movement in the first week of taking over the government, and perhaps an indication of the weakening of Iran's grip on Iraq after Al-Kazemi took over the government.”

The American Bloomberg website published an article saying that "Iran is losing its grip on Iraq" and that "Iran's position has been weak in Iraq since the death of Soleimani," and quoted a researcher at the Washington Institute for Near East Policy Michael Knights as saying "When Soleimani was killed, Iran overreacted, Since his death, Iran's position in Iraq has weakened more, and it has lost control. "

Emphasizing "it still has an effect," but "not control."

Although "the Al-Kazemi government did not escalate with the American influence," says Iraqi analyst Nibras Al-Kazemi to Bloomberg, but "he was able to take advantage of the divisions within the Iranian power centers", and he adds that "a battle between the Iranian factions in Iraq has opened space in Baghdad for results that are not Expected before and made Al-Kazemi slip among the quarrels. "

Journalists: Iran has retreated

Iraqi journalist interested in Iranian politics, Mustafa Nasser, agrees with this view, stressing that "the decline of Iranian influence in Iraq is linked to the change of the authority responsible for its file in the Iranian administration."

Nasser said, "The Iranian policy towards Iraq was focused on controlling all parts of the Iraqi state, and also on completely removing Iraq from the circle of American influence."

He adds that "the Iranian National Security Service's receipt of the Iraqi file after the killing of Soleimani and the decline of the influence of the Revolutionary Guards have contributed to the change of these policies."

According to Mustafa, "the national security apparatus led by Ali Shamkhani is close to the Iranian reformists and away from the dominant and dominant mentality of the Iranian Revolutionary Guard."

According to Mustafa, "Iraq is still subject to the Iranian influence very significantly, both economically and politically, but with a kind of retreat from Iranian plans to completely dominate the Iraqi decision."

Mustafa believes that "Iran has backed away from supporting armed militias that have dominated the media and press environment and have affected freedom of expression and have dominated much of the political decision."

Iraqi journalist Bassem Hamza says, "The weakness of the Iranian role is not the result of one factor, but rather of multiple factors, including the killing of Soleimani, the large demonstrations that swept Iraq and the emergence of the role of the great youth, and also to the American sanctions against Iran."

"There is a kind of Iranian-American consensus on Iraq, similar to the situation it was before the Abdul-Mahdi government," Hamzah added.

Immediately after assuming the premiership, Al-Kazemi met the American and Iranian ambassadors, issued several decisions to compensate the victims of the protests and investigate the violence that accompanied them. He also made changes in the security leaders and appointed unknown persons in cooperation with the Iranian-backed militias.

 

https://www.alhurra.com/iraq/2020/05/11/قرارات-الكاظمي-الصعبة-تفقد-إيران-هيمنتها-العراق؟

[DinarThug]

The Iraqi government: Trump calls al-Kazimi and agreement on several points

 

Free - Washington

May 11, 2020

 

The Iraqi government said on Monday that its president, Mustafa Al-Kazemi, received a phone call from US President Donald Trump, in which he congratulated Al-Kazemi on his assumption of the premiership, and affirmed the United States' readiness to provide economic aid to Iraq.

The government statement said that Al-Kazemi "affirmed Iraq’s keenness to establish the best relations with the United States."

The statement quoted Trump as confirming that "Iraq is a strong and important country and has a central role in the region and in achieving regional and international stability," and its emphasis on "the US’s keenness to strengthen relations between the two countries, and his country's willingness to provide the necessary economic assistance to support the Iraqi economy."

The two sides agreed, according to the statement, to expand cooperation in the fight against the Corona pandemic, as well as to develop economic investment efforts to serve the interests of both countries.

There was no statement from the White House about the details of the call yet.

Last week, the Iraqi parliament gave confidence to the Al-Kazemi government, which is not yet complete. 

Al-Kazemi received a country suffering from severe political, social and economic crises, in addition to the Corona pandemic, which is putting increasing pressure on his new government. 

And Sunday, the popular protests were launched for the first time in Baghdad and the Shiite-dominated cities of the south in October 2019, to demand the fight against corruption and unemployment and change the political class that has monopolized the government for 17 years, and which led to the departure of former Prime Minister Adel Abdul-Mahdi under the pressure of the demonstrators. 

LINK

[DinarThug]

The dollar index exceeds 100 points with the start of the resumption of economic activity and the easing of restrictions of closure

2020-05-11

 

 

Yassin Iraq: Baghdad

 

The US dollar rose against major currencies during Monday's trading, with the economy restarting despite warnings of a possible increase in Corona injuries after that step.

And three industrialized US states, "California", "Ohio" and "Michigan", have taken steps to allow factories and companies to resume their activities to support the performance of the economy, and most European countries have started to ease restrictions of the comprehensive closure.

Whereas, US Vice President Donald Trump decided to isolate himself from the White House after he and his press secretary were infected with the Corona virus.

The dollar rose against the euro by about 0.2% to 1.0823 dollars, at exactly 01:40 pm Mecca time, as the Japanese currency rose 0.6% to 107.27 yen, and fell against the pound sterling by 0.6% to 1.2331 dollars.

The dollar was steady against the Swiss currency at 0.9719 francs, while the dollar index - which measures the performance of the American currency against a basket of six currencies - rose by 0.4% to 100.083 points.

link

[DinarThug]

Over $1 Trillion Dollars Of Recoverable Money Looted !  

 

 

     

 

 

LINK

An official reveals the value of Iraq’s looted money and an invitation to Al-Kazemi to recover it

 

 

05/10/2020 22:22:23

 

 

A member of the Commission for Human Rights, Prime Minister Mustafa al-Kazimi, called for the recovery of more than a thousand billion dollars.
 

Ali said al - Bayati tweet him on Twitter: Prime Minister Mustafa Kazmi use an international third - party specialist to restore more than a thousand billion dollars of Iraq's money stolen and smuggled and Iraq today is desperately needed,"

He added, "There are a lot of experiences to countries capacities restore funds procedures professional and serious legal mechanisms Local and International."
 

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Human Rights calls on the Prime Minister to recover a thousand billion dollars in Iraq’s stolen money   
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[DinarThug]

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Deputy for wisdom: Al-Kazemi is busy with two extremely important files

 

 

05/11/2020 10:50:36

 

 

A deputy from the Parliamentary Bloc of Wisdom said that Prime Minister Mustafa Al-Kazemi “is busy with two very important files.”

Asad Al-Murshidi stated in a press statement that “Al-Kazemi is currently busy with very important files, which are the salaries of retirees and the approval of the budget law, so deduction of the remainder of the ministerial cabinet will be 10 days after Eid Al-Fitr.” He stressed, “The tasks of the government are required of them These are the challenges facing the country and on the local and global scene, including the health, economic and political crisis.”

He added, “The general situation in the country does not meet ambition, therefore the Al-Kazemi government should strive to achieve the aspiration of the people in achieving services and other challenges, so the government should take an approach Find solutions to crises and send a letter Minan Iraqi street, which calls for the achievement of social justice."

He pointed out, "The members of the House of Representatives performed their duties honestly by voting on the government and granting it confidence, despite their rejection of four candidates for the ministries and two sovereign ministries that were postponed because of differences over them from the political blocs. Nevertheless, the deputies gave the government of Al-Kazemi their confidence and awaiting solutions while providing support to the government." From the political blocs.” Al-Murshidi said: “The political differences over the Foreign Ministry are still present, as well as two Shiite blocs competing for the Ministries of Justice and Agriculture.”

[DinarThug]

LINK

Masroor Barzani meets with the Kurdistan Regional Government delegation negotiating for Baghdad

 

11th May, 2020

 

The Prime Minister of the Kurdistan Region, Masrour Barzani, will meet on Monday with the Kurdistan Regional Government delegation negotiating for Baghdad.

According to the information received, Barzani will meet this afternoon with the delegation headed by Talabani to see the results of the outcome of the negotiations with Iraqi officials on the differences and outstanding issues between Erbil and Baghdad.

The delegation of the Kurdistan Regional Government negotiated in Baghdad on Friday that it had agreed with the federal government to form two committees to resolve the financial and oil differences between the two sides.

The Iraqi government had decided last month to cut the salaries of employees of the Kurdistan Region after it said that the region had not fulfilled its obligations in the financial budget represented by the delivery of 250 thousand barrels of oil per day to the federal government.

The agreement includes the delivery of the Kurdistan Region, the amount of 250 thousand barrels per day of oil to the Federal Government in return for handing Baghdad a share of about 13 percent of the budget to the region in addition to the salaries of employees and peshmerga.

The Kurdistan Regional Government confirms its commitment to the agreement concluded with Baghdad on the financial budget.  The cut in the salaries of the region's employees sparked widespread criticism inside and outside the region, as observers considered that this decision came in the context of political pressure coinciding with the efforts to form the Iraqi government.

There are pending issues between the two sides for many years, chief among them the disputed territories, how to manage oil wealth, the budget of the Peshmerga forces, and others.

[DinarThug]

LINK

Including the Kurdistan Region .. Planning reveals the numbers of families covered by the emergency grant

 

11th May, 2020

 

The Iraqi Ministry of Planning revealed today, Monday, the inclusion of two million and 400 thousand families with the government grant launched by the Council of Ministers earlier

" There are two million and 400,000 families, including those in the Kurdistan Region, covered by the government grant launched by the Council of Ministers earlier," ministry spokesman Abdul Zahra al-Hindawi told Shafaq News

Al-Hindawi added, "The data regarding the grant has now become between the Ministry of Labor and Social Affairs and the Central Bank," noting that " the concerned authorities will send text messages to the families covered by the grant disbursement

The Parliamentary Crisis Cell issued a package of recommendations on April 2 last April that said it would reassure vulnerable segments under the preventive curfew within the measures to combat the Corona virus, while former Iraqi Minister of Planning Nuri al-Dulaimi affirmed the possibility of granting 30,000 dinars to each Iraqi individual. Receive any salary from the state

The ministry announced earlier, that it has completed the period of registration for the emergency grant, pointing out that "18 million Iraqi citizens" registered on the grant, equivalent to "two and a half million families", including the Kurdistan Region, and said it "is working to sort out the families covered With that grant

[DinarThug]

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Rafidain Bank announces the completion of the retirement salaries for the month of May

 

11th May, 2020

 

Rafidain Bank announced its completion of distributing the salaries of civil and military retirees for the month of May

The bank’s media office said in a statement that the bank has mobilized its capabilities to disburse the retirees’ salaries after the arrival of financing and the receipt of sukuk and payroll lists for retirees and used its modern electronic techniques to raise salaries on the electron card

He called on retired people who did not receive their salaries to go to the bank’s nearest branch to pay their financial dues

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Al-Rafidayn announces the completion of the retirement salaries for the month of May      
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[DinarThug]

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Barzani and Saleh stress the need to resolve the issue of salaries and the region's share in the budget

 

11th May, 2020

The President of the Kurdistan Region, Nechirvan Barzani, held a meeting with the President of the Iraqi Republic, Barham Salih, on Monday, in which they discussed the political situation and formation of the new federal government, in addition to dealing with the crises the country is witnessing.

A statement issued by Barham Saleh's office stated that during the meeting, they discussed the political developments in Iraq, and the two sides stressed with interest the need to resolve crises and differences and move towards achieving stability and pay attention to the lives and livelihoods of citizens in all regions, including the Kurdistan Region.

In this context, the statement added with interest to talk about forming the new Iraqi government headed by Mustafa Al-Kazemi, and cooperation and support for the federal government were emphasized for the purpose of overcoming crises and working to secure the lives and health of citizens, defeating the remnants of terrorism and achieving security stability in all regions of Iraq, as well as solving problems accumulated between Baghdad and the Kurdistan Region in accordance with the constitution, and in particular the resolution of budget issues and employee salaries.

The statement added that during the meeting, there was also talk about the necessity of uniting ranks and calming tensions in Iraq in a manner that devotes with it all powers and capabilities to achieve safety and provide living requirements for the people and to carry out fundamental reforms, and to serve the people and their demands in accordance with the constitution instead of narrow disputes and conflicts.

In another aspect of the meeting, the two sides stressed the unification of ranks and cohesion in the Kurdistan Region, so that the parties devote all their capabilities and capabilities, away from tensions and complications, to meet the needs of citizens and secure their strength and achieve political and security stability, according to the statement.

[DinarThug]

LINK

Saudi Arabia announces unprecedented oil cuts

 

 

05/11/2020 15:39:22

 

 

The Saudi Ministry of Energy directed Aramco to reduce its production of crude oil for the month of June with an additional voluntary amount of one million barrels per day.

 

An official at the Saudi Energy Ministry said today, Monday, that the ministry directed the National Oil Company Aramco to reduce its production of crude oil for the month of June by an additional voluntary amount of one million barrels per day, above the reductions already promised by the Kingdom under the "OPEC +" agreement.

"This brings the total production cut that the Kingdom will implement to about 4.8 million barrels per day from the April production level," he said. "And therefore, it will be the production of the Kingdom for the month of June, after the targeted reduction and voluntary, 7.492 million barrels per day."

[DinarThug]

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Saudi Arabia stops the cost of living and raises value-added tax

 

11th May, 2020

 

The Saudi News Agency stated, on Monday, that the Kingdom decided to stop the cost of living allowance and raise the value-added tax rate within the framework of measures aimed at strengthening the financial situation of the country, which was affected by low oil prices and the Corona virus

The agency added, "It was decided to stop the cost of living allowance starting from June 2020, and to raise the value-added tax rate from 5% to 15% starting from the first of July 2020

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[DinarThug]

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Saudi Arabia: We are facing a crisis the world has never seen before

Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan said that the combined challenges led to a decline in government revenues and pressure on public finances to levels that are difficult to deal with later.

The Saudi minister pointed out the importance of measures aimed at protecting the Kingdom's economy to overcome the unprecedented global crisis of the Corona pandemic and its financial and economic repercussions with the least possible damage.

Al-Jadaan stressed that these measures come as a complement to the decisions taken in advance to reduce the aggravation of the negative effects of the crisis from its various health, social and economic aspects. He stated that the government continues to take the necessary decisions to protect citizens, residents and the economy early to reduce the aggravation of the crisis and its consequences. He stressed that the global crisis of the pandemic spread caused three shocks to the Kingdom’s economy, each of which is capable of bringing about a change affecting the performance and stability of public finances unless the government interferes with measures to absorb these shocks, indicating that the spread of the epidemic and the measures taken by the countries of the world from the precautionary measures were the first shock represented in An unprecedented decline in oil demand has negatively affected the price level and led to a sharp drop in oil revenues, which is a great source of public revenue for the state budget. 

The second shock, according to the minister, was that the necessary preventive measures taken to preserve the lives and safety of citizens and residents and prevent the spread of the pandemic caused many local economic activities to stop or decline, and this negatively affected the volume of non-oil revenues and economic growth.

Al-Jadaan pointed out that the third of these shocks affecting the public finances was the urgent needs on the side of the unplanned expenditures that required government intervention by continuously increasing funds for the health sector to support the preventive and curative capacity of health services, in addition to adopting a number of initiatives to support the economy and mitigate the impact of the pandemic And preserving the jobs of citizens.

The Minister pointed out that these challenges combined led to a decrease in government revenues, and pressure on public finances to levels that are difficult to deal with later without harming the kingdom’s macroeconomics and public finances in the medium and long term, and therefore, further reductions in expenditures must be achieved, and measures to support the stability of revenue other than Accordingly, the Ministry of Finance and Economy and Planning presented the financial and economic developments and the proposed measures to confront these developments. The directive was issued to take the most appropriate, least harmful and lighter measures.

According to the minister, the impact of the approved measures amounted to almost 100 billion riyals, which included: canceling, extending or postponing some items of operating and capital expenditures to a number of government agencies and reducing the credits of a number of initiatives to achieve the vision and major projects for the fiscal year 2020. In addition, it was decided to stop the cost of living allowance starting from June 2020, as well as raising the value-added tax rate from 5% to 15% starting from the first of July 2020.

The Saudi Minister of Finance added that to increase the efficiency of exchange, a ministerial committee was formed to study the financial benefits that will be spent on all civil employees and contractors and those similar to those who are not subject to the civil service system in ministries, departments, institutions, bodies, centers, and government programs, and to raise recommendations within 30 days from its date.

Al-Jadaan concluded his statements by explaining that "we are facing a crisis that the world has not witnessed in modern history. One of its most important characteristics is uncertainty and difficulty in knowing and anticipating its extent and repercussions in light of daily developments that require governments to deal with them with vigilance and the ability to take appropriate decisions at appropriate times and speed of response and adaptation to circumstances." In a way that achieves the public interest, protecting citizens and residents, and providing the basic needs and necessary medical services, and that the measures that were taken today, even if there is pain, are necessary and will be, God willing, beneficial to maintain financial and economic stability from And a comprehensive perspective on the medium and long term, for the benefit of the homeland and citizens."

[DinarThug]

LINK

Al-Kazemi invites European companies to invest in Iraq and prepares them by order

 

11th May, 2020

Prime Minister Mustafa Al-Kazemi called on European companies to invest in Iraq on Monday.

Al-Kazemi said during his meeting with his office in the governmental palace today, the ambassadors of the European Union states that "the union is a friend and partner and we hope that the countries of the union will continue to support Iraq in its war against ISIS and the economic conditions it faces in the aftermath of the Corona pandemic and the drop in world oil prices, and we look forward to helping European countries in Iraq to build its economy He called on European companies to work and invest in Iraq, and promised to overcome the obstacles that may face their work.

"We are committed to our promises by our people to respect human rights, the right to peaceful demonstrations, protect demonstrators, hold those involved to attack them accountable, carry out the reform process and conduct free and fair elections," he added.

 

[horsesoldier]

FEAR .... brought to you by some of the same folks that thought & planned the whole damn thing up.

FEAR THIS. 🖕

[DinarThug]

12 minutes ago, horsesoldier said:

FEAR THIS. 🖕

That Won’t Do U Any Good - Those Idiots Can’t Even Read Sign Language !  

 

 

Just Send In President Davis !   

 

 

Fear The Thong !  

     

[DinarThug]

Al-Tamimi: Political forces control Iraq’s economy and investments

by EditorEconomy   7 Hours ago

 

 

 

Member of the Parliamentary Economy Committee, Riyad Al-Tamimi, said that the political forces control the country's economy and its investments, and they now control all joints, causing the escape of investors and capital.

Al-Tamimi stressed that Iraq is currently paying the price of mismanagement in the years of financial abundance in which oil prices have witnessed a rise that should have been invested correctly and thinking about the future, pointing out that after two thousand and twelve investments in the country came under the hands of political forces and became the investor, contractor and trader, and the investor has become The ordinary subordinate to her or a worker on its terms that caused the escape of investors from Iraq.

LINK

[DinarThug]

The Ministry Of Construction Clarifies The Details Of The Contract For The Approval Of The Electronic Tax System

On May 11, 2020

 

 

(Independent) .. The Ministry of Construction, Housing and Public Municipalities revealed that contracting an investment project to establish water wage collection companies in all governorates will be to collect revenues electronically, not manually, accurately, and at a government price that serves the citizen, according to Investment Law No. 13 of 2006 and in implementation of the provisions of paragraph 2 of the article (16) of the Federal Budget Law of 2019, which obligated the Ministry to transition to electronic collection and Cabinet Resolution No. (378) for the year 2018 that includes the project of collection and electronic payment.

The media center of the ministry said in a statement issued today, that the contract aims to control consumption of drinking water and maximize financial resources for the operational budget for the water sector and sewage and municipalities in all governorates as well as to provide the best services to citizens by reducing the rates of waste, waste and debt and facilitating collection procedures.

He added that in the event of insufficient preparation for collection, the investor, which includes a coalition of several companies for the supply of equipment, software and collection, and with financing from banks, will provide the project with the additional collection at his own expense.

He pointed out that the contract was signed duly and with the approval of all the concerned authorities, and it does not cost the state and the citizen any additional amounts and expenses except for the price of the meter and in a comfortable installment and this was done according to the budget law for 2019 which obligated the ministry to move to electronic collection based on the General Secretariat of the Council of Ministers with the number JSC 57/19/139/37/31/2019 and the Ministerial Council for Social Services Resolution No. (26) for the year 2019 and Cabinet Resolution No. (96) for the year 2016.

And the media center stated that one of the benefits of implementing electronic taxation is the transition from the estimation system and the roofs to the system of calculating wages according to the scale system in a manner that guarantees the fairness of the wages collected from citizens and for all activities (residential - commercial - government) as well as solving the problem of empty and abandoned real estate and rationalizing consumption and not wasting Thus, it provides an ideal service to the citizen as much as possible, as well as the costs of setting up and maintaining the scale to be borne by the investor.

He explained that according to the decision to transfer administrative powers and financial allocations to the governorates except for the governorate of Kirkuk, number (79) for the year 2015, imports of water and sewage collection and municipalities are collected and deposited in the directorates account to benefit from them in the operational expenses of maintenance and rehabilitation work for water parks and other expenses of wages and salaries.

He stressed that the General Directorate of Water is the supervising authority and works on setting the annual budget for collection fees and monitoring the implementation of the budget plan as well as creating requirements for collection activities such as providing them with instructions, laws and amendments to the collection tax according to the Law of the General Authority for Water and Sewerage No. 27 of 1999.

LINK

[DinarThug]

Cougar: Iraq is unable to weather its financial and economic crisis without resorting to borrowing

by EditorEconomy   8 Hours ago

 

 

Member of the Parliamentary Finance Committee, Jamal Kujer, saw that Iraq is unable to overcome its financial and economic crisis without resorting to borrowing, either internally or externally.

Cougar said that the Iraqi state has no choice but to resort to borrowing in order to face the crisis, internal borrowing is limited and the crisis is great, which makes it have to resort to external borrowing.

Cougar added, that Iraq is an oil and pivotal country, in a geographically sensitive region, so the possibility of obtaining loans is available, and there are many countries ready to support it, especially as this will have economic returns for them in the future.

LINK

[Pitcher]

3 hours ago, DinarThug said:

Cougar said that the Iraqi state has no choice but to resort to borrowing in order to face the crisis, internal borrowing is limited and the crisis is great, which makes it have to resort to external borrowing.

 

They have another choice.

 

Stop spanking your monkey and push the Damn RV Button already.

 

 

 

 

[horsesoldier]

3 hours ago, DinarThug said:

Cougar: Iraq is unable to weather its financial and economic crisis without resorting to borrowing

by EditorEconomy   8 Hours ago

 

 

Member of the Parliamentary Finance Committee, Jamal Kujer, saw that Iraq is unable to overcome its financial and economic crisis without resorting to borrowing, either internally or externally.

Cougar said that the Iraqi state has no choice but to resort to borrowing in order to face the crisis, internal borrowing is limited and the crisis is great, which makes it have to resort to external borrowing.

Cougar added, that Iraq is an oil and pivotal country, in a geographically sensitive region, so the possibility of obtaining loans is available, and there are many countries ready to support system" rel="">support it, especially as this will have economic returns for them in the future.

LINK

 

What a bunch O SHIITE

[DinarThug]

Corona lessons for Iraqi finance
 

- 12 Hours Ago

 

Iraq incurred heavy financial losses due to the deteriorating oil prices caused by the Corona epidemic. These losses will lead to an acute economic crisis that severely affects the lives of citizens. It is therefore necessary to employ lessons to get out of this serious crisis.

The Iraq budget project for 2020 was prepared with a deficit of 50 trillion dinars, equivalent to 42 billion dollars. This account was based on a price of $ 54 a barrel of oil.

But the Corona epidemic and the differences among OPEC + members have led to a sharp drop in the price of crude, which at the end of March reached $ 23. Then he recorded a slight improvement. However, he returned to the decline after the spread of the epidemic and the deterioration in prices of US crude contracts for the month of May 2020.

A vast difference, then, between the current price and the budgeted price of $ 34. As Iraq's exports are 3.8 million b / d, the daily loss will reach $ 129 million.

It is a huge loss because oil revenues represent 89% of general budget revenues and 99% of total export earnings.

Recently, the draft budget was amended and the approved price became $ 30 a barrel. But this measure will not address the serious consequences of the financial crisis.

Serious financial implications

1- High public debt

Officials said that Iraq will face the financial crisis caused by Corona through external borrowing. Which will lead to an aggravation of public debts amounting to 125 billion dollars, equivalent to 56% of GDP.

Iraq will find difficulties in obtaining external loans with the required amounts and the appropriate conditions due to three factors:

The first factor is the high global demand for external financing due to SK. Many countries prefer to resort to this financing rather than withdrawing from their cash reserves.

The second factor concerns the credit rating of Iraq, which is very weak. He received a "negative" B rating from Fitch and Standard and Poor's.

The third factor relates to the loss of confidence in economic policy. Experience has shown that the funds granted after the elimination of ISIS were not used in an acceptable way for reconstruction. The combination of these factors results in the high cost of external borrowing and the insufficiency of this source to finance the fiscal deficit worsened by corona.

2- Postponing development

The Corona epidemic confirmed the trend since the middle of last year to postpone development projects due to the enormous fiscal deficit. Agricultural development and manufacturing are stalled even before the outbreak. Iraq’s current financial is only operational.

The postponement of development includes an agreement with foreign companies to cancel programs to develop oil fields. The government has informed the American Exxon Mobil, Russia's Lukoil, Britain's BP and China Petroleum of the need for such cancellation.

This measure will negatively affect the oil sector, on which the country's economy depends almost entirely. But it will lead (according to the government estimate) to save three billion dollars, equivalent to a third of the money paid to these companies.

3- Reducing salaries

The bulk of public spending is civil and military salaries. The government will (as it did during the period of ISIS elimination) cut staff salaries to counter the financial crisis. Which will affect the standard of living of millions.

In March, the state spent $ 3.6 billion to pay the salaries of working and retired employees. While oil sales received only $ 2.9 billion. The government will be forced to reduce these salaries despite official statements that reassure public opinion.

4- Cash financing

Previous measures will not suffice to address the financial crisis, especially because the indications are that oil prices will not return to what they were at the beginning of the current year. Then the government will have to finance the cash deficit with cash. The current monetary policy is trying to move away from this source. However, the seriousness of the financial crisis caused by Corona will lead to the printing of additional money, and the cash mass will swell.

Thus, the inflation rate will rise and the exchange rate of the dinar will decrease. The interaction of these two outcomes will lead to a severe decline in the standard of living, thus increasing poverty.

Corona Lessons

The following lessons can be drawn from the declining oil prices and the Corona epidemic:

1- The seriousness of financial corruption

A phenomenon that has emerged since the beginning of the eighties of the last century and intensified after the American occupation of the country.

The system has become based on sectarian quotas, militia rule, and the absence of a state of law. Therefore, Iraq ranked 162nd in the Transparency International Financial Corruption List, which includes 180 countries.

Iraqis know well the extent of this phenomenon that led to the decline in public revenues, and the consequent weakening of the state’s ability to provide health, education, security and energy services. Therefore, there is no point in political and economic solutions without addressing financial corruption.

2- The importance of local production

The Corona pandemic has demonstrated beyond any doubt that countries that depend on the import of food, medicine and health equipment suffer from a serious crisis, especially if their financial viability is limited. The risk increases as this dependence increases.

And matters get worse when exports that finance imports are based on a single substance, such as oil whose price has rapidly deteriorated. Iraq is at the forefront of the countries that meet these specifications.

Therefore, attention must be paid to the maximum extent to local agricultural and industrial production. Various forms of support for this production must be provided through more public spending on scientific research and technological development.

3- A sound spending policy

Iraq relies on a policy that is harmful to economic activities. This policy prevents the response to health crises and without addressing urgent financial problems and without attention to major problems, especially unemployment and poverty.

Substantial adjustments are required to reduce military and security spending. Abolishing the popular crowd and being satisfied with the regular army. And totally dispensing with the endowment bodies of all religions and sects, and restricting their functions to the state’s hand in the narrowest limits.

4- Attention to the health sector

Iraq suffers from a shortage in all service fields, especially in the health sector. There are only eight doctors for every 10,000 inhabitants. This number is small compared to global rates.
Health expenditures in the state budget amounted to 2.6 billion dollars, or 2.4% of public spending.

When dividing this amount by the number of the population, we conclude that the citizen’s share of health services does not exceed $ 66 per year. Compared to 1315 dollars in Saudi Arabia and 2179 dollars in Qatar.

The health problem in Iraq is not related to financial ability as it is related to the established financial policy that needs to be fixed.

5- The necessity to stop smuggling oil

The smuggling of oil from Iraq takes three patterns. Smuggling from the northern region. The official agreement requires the Kurdistan Regional Government to hand over 250,000 b / d to the central government in exchange for Baghdad paying a portion of public spending to Erbil.

On the practical level, this agreement has not been implemented, and the region is now producing and exporting crude as it deems appropriate, as if it were a completely independent entity. Another smuggling from the south by militias to neighboring countries.

Since the US sanctions imposed on Iranian oil, this oil has been smuggled and exported from Iraqi territory as Iraqi oil. This affects the share of Iraq in export within the framework of OPEC. There are no accurate estimates for these figures. But it is not less than a million b / d, equivalent to a third of Iraq's exports.

This situation has led to weakening the financial capacity of the state and, consequently, to the deteriorating service and production situation. And it needs to be addressed to deal with the financial crisis caused by Corona.

6- Social solidarity

The epidemic demonstrated the importance of citizen cooperation in coping with the severe financial hardship of the poor. Popular campaigns have been organized to raise funds and provide food for poor families. Political figures and religious institutions also contribute to donations, especially when the media is present.

In response to the Central Bank’s call, private banks participated in donations of 44 billion dinars. Political circles have been highly critical of these banking institutions, because this amount does not (in its estimate) amount to only a few of the profits that it makes as a result of the commissions for selling foreign exchange from the central bank.

In the Gulf states, the opposite happened. Whereas, the Central Bank provides financial assistance to private banks to face the consequences of the epidemic. Because these countries decided to grant debtors a grace period.

And so that banks do not go bankrupt due to this measure, they were granted government assistance. While there is no such organization in Iraq. Not to mention the weak importance of banking activities in the daily life of Iraqis.

In Iraq, there are millions of individuals with no source of living other than their daily wages. So the government decided to give financial aid to the needy. It is a good procedure to be commended.

7- Government assistance to the poor

On April 8, the government decided to spend 600 billion dinars for ten million Iraqis. According to reports, this number represents about two million families. But the following must be noted:

The first: In Iraq, decision-making is not enough. Rather, it should find an acceptable implementation away from financial corruption. This is something the Iraqis exclude.

The second: The said amount is spent for two months on ten million people. Thus, the share of a single person does not exceed thirty thousand dinars per month.

This amount is the price of a kilogram of candy in the Baghdad market. The amount is small, but better than nothing. The individual may not even receive this amount because the number of applicants for this scholarship has risen to 13 million people within a few days.

The third note: This procedure is used as a paper by the government to obtain financial aid and external loans. Iraq has submitted a request to the International Monetary Fund and the World Bank to obtain two billion dollars to confront Corona. Note that the cost of this procedure does not exceed 500 million dollars.

8- Temporary tax exemption

Because of the quarantine and the curfew decision, most of the economic activities in all fields of production and service have stopped.

Which led to falling profits, incomes, exchange and consumption. Therefore, it became necessary to support the citizens by postponing the payment of the taxes due at least during the period of stopping these activities.

There is no doubt that this measure will increase the public budget deficit. But prudent fiscal policy requires mitigating the crisis for citizens. Iraq is the only country in the Gulf that has not taken such a measure. Note that the government decided to exempt citizens from paying the water and electricity bill.

The main lesson presented by the Corona pandemic is the necessity of reforming fiscal policy to give special importance to the health, education, social and other services sectors, as well as to local industrial and agricultural productive activities.

It must also address the situation of poverty, which has become dangerous because it belongs to a third of the Iraqi population. This lesson can only be used after eliminating all forms of mismanagement of public affairs.

Morning coffins

New Arab

 

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[Rochester]

2 hours ago, Pitcher said:

 

They have another choice.

 

Stop spanking your monkey and push the Damn RV Button already.

 

 

 

 

I just found out I can only "like" this once. Dang!

[DinarThug]

The confirmed an excess of some crops and plans to export poultry and eggs ... Agriculture reveals to "Al-Zawraa" details of its plans for the agricultural season and explains the reasons for wheat farm fires

May 12, 2020 12:14 AM Author: alzawraapaper

 

 

Al-Zawra / Hussein Faleh:

The Ministry of Agriculture revealed details of its plans for the current agricultural season, and while it clarified the reasons for the fires that affected wheat farms in a number of governorates, it announced its intention to export the surplus of poultry products and table eggs, confirming the achievement of a surplus of the local need of the crops of cucumbers and tomatoes. 

Qadim Ligature in an interview with “Al-Zawra”: The wheat crop fires are repeated annually and for different reasons, but in the current year the burned areas were few and limited, indicating that some of the causes of fires are due to negligence or the electric spark blowing out of the harvester during the harvest process and sometimes a spark Minting Ara causes fires. He added: There are fires caused by maliciousness, personal enmity or terrorism, stressing that the burned areas are very few compared to the cultivated areas of the wheat harvest for this year. 

He pointed out that the Ministry of Agriculture was able to increase the cultivated areas in this year, as 2019 was considered the year of local agricultural production and achieved more than 25 items of self-sufficiency, wheat was not imported, and the Ministry is currently planning that the year 2020 be the year for agricultural production of jewelery as well.

It worked to improve the quality of wheat, since the local wheat was "sial", but the ministry was able to improve its genetic characteristics and make it one of the finest types of wheat in the world, as the ministry targeted the quantity and quality of the crop. He emphasized that the ministry was able to provide wheat under the current special exceptional circumstances in The time you witness Wheat prices have increased in world markets as a result of the current global health crisis, pointing out that this is calculated by former Minister of Agriculture Saleh Al-Hassani, who achieved a qualitative and quantitative boom in the agricultural sector during the short period of the Ministry’s development. 

He pointed out that the Prime Minister’s Office directed the Ministry of Commerce to receive wheat even outside the agricultural plan, stressing that there is an increase in the cultivated areas of wheat crop more than last year.

Achieving self-sufficiency. He continued: The Ministry is planning to export poultry products and table eggs, as poultry projects are witnessing a real renaissance, especially after government and parliamentary support for this sector and providing local protection to it.

It is likely that the next few period will witness a surplus of poultry products. Table eggs and can be exported also to Aforeig.ohdd al-Qaisi, the need for the survival of protection for the product local to national agricultural products, support and self-sufficiency of them, and a surplus for export abroad in order to one of the tributaries of the financing of the general budget becomes under Almsaa to maximize the country's financial resources.

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