An expert warns of the collapse of the Iraqi economy if the government ignores the 2020 budget

[Mary B]

An expert warns of the collapse of the Iraqi economy if the government ignores the 2020 budget

30/06/2020

 

  

The information / Baghdad ..

Economist Wissam Al-Tamimi warned, on Tuesday, of the collapse of the Iraqi economy with the government continuing to ignore the issue of the budget, pointing out that a lot of money may be misplaced and unprecedented corruption may occur.

Al-Tamimi told “Information” that “Parliament obligated the government to send the 2020 budget, even for the remaining months of this year in conjunction with the vote on the borrowing law.”

He added that " Iraq may witness the largest corruption and theft in its history in the event that it did not approve a budget for the current year, as borrowing money may be used incorrectly and go to the pockets of the corrupt", indicating that "the statements of Kurdistan employees that were sent to Baghdad need to be investigated and audited through control teams Honest sent to the region to check in the field with the names mentioned in the lists, where there can be fraud in those names and thefts to balance the country.

Al-Tamimi warned of "the collapse of the Iraqi economy in the event that parliament's decisions regarding the budget and theft of internal and external loans are ignored, and therefore Iraq will be burdened with debt at a time when it is still suffering from a stifling financial crisis." 25 n ended

https://www.almaalomah.com/2020/06/30/482489/

[Mary B]

Deputy: Parliament said its word, and the government should send the budget according to the specified time

 30/06/2020

 

  

 

The information / Baghdad ..

The deputy of the Al-Fateh Alliance Fadel Al-Fatlawi stressed the need to expedite the approval of the 2020 budget and the government's commitment to the timelines that Parliament required Al-Kazemi to present the budget in order to vote on.

Al-Fatlawi said to "Information", that "the 2020 budget should be submitted to Parliament after committing the government and the Ministry of Finance to present the budget within a date no later than today."

He added that "a lot of money is wasted, especially in the border crossings, communications and Baghdad's dues from the region with regard to oil exports and taxes."

Al-Fatlawi said, "Keeping Iraq without a budget will increase financial chaos, as the papers should be arranged again and exploitation of contacts that could be the second resource for the country after oil." Ended / 25 n

https://www.almaalomah.com/2020/06/30/482488/

[Mary B]

Parliamentary solutions to get out of the financial crisis in Iraq

 30/06/2020

 

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BAGHDAD - Mawazine News
, the independent deputy, engineer Muhammed Shi'a Al-Sudani, on Tuesday presented solutions to get out of the financial crisis in Iraq.
"In light of the challenges facing the country, the government has a number of urgent measures in place to enable it to fulfill its obligations, specifically in front of employees, retirees, social welfare, processing of the ration card and the crisis cell benefits in relation to confronting the Crohna virus," Al-Sudani said in a statement. ".
He stressed that "the important part of the economic reforms is to collect customs tariff fees and protect the product while controlling the window for selling the currency from the central bank in which the sale reached large numbers, including 240 million dollars sold in one day," asking, "Who directed this money? And what imports?" Could it come to Iraq in light of the economic downturn that the entire region is going through? Why are there no tax and customs deductions before the dollar is spent to secure the right of the state? It is not possible to sell the dollar without revenue to the state’s treasury and without withholding fees and taxes. ”
Al-Sudani pointed out, "There is another economic perspective, which is we have made sure that the agricultural and industrial private sector does not rise in light of imports from official and unofficial outlets and in the absence of full control over the ports and the absence of standardization and quality control of the goods entering and in the absence of taxes and fees. From them, it is certain that the prices of imported goods and products will crowd out the national product, and this all requires reform steps to maximize revenues. "
Al-Sudani noted that "the oil derivatives and the extracted crude oil that is given to the distribution companies and refineries ends in the oil derivatives provides large amounts of money that went to the Ministry of Oil whether to distribute profits to employees or to carry out projects of social benefit; therefore, and in light of the current financial conditions, you should invest This money, which amounts to 8 trillion dinars, in the event of controlling oil revenues by setting the rate of 10% of the cost of extraction and $ 8 of liquidation and up to 5% for distribution with the granting of hooves, there are 8 trillion dinars that can be saved from the revenues of oil derivatives without raising the price of oil products to the citizen These are available revenues that were not directed to the citizen, and it can provide quick revenues in addition to reducing the salaries of the three presidencies from ministers and representatives and special degrees and stopping the disbursement of allocations granted outside the laws. "
He continued, "There are judicial orders against mobile phone companies, Asia Cell, Atheer, and Korek to pay what is up to a trillion dinars, and these measures are supposed to be implemented to collect these funds, not to mention the existence of real estate controlled by the state from political parties. Or sell it at the prevailing market price and this increases the state’s treasury imports, ”pointing out that there is a“ required procedure which is controlling the financial balances of the state’s departments and not releasing any amount except in accordance with the recent directions of the government regarding the rationalization of spending. ” 
Al-Sudani warned of the need to "push towards effective and real steps regarding encouraging the agricultural and industrial sectors by placing the import curriculum at the table of government producers from companies of the Ministry of Industry as well as private and mixed sector companies and identifying the goods that can be produced so that the government can issue a decision to prevent their import as well as review the calendar Agricultural activities to ensure the preservation of local agricultural products, spare farmers the damage, close the ports and fully control them. "
 Al-Sudani stressed "the importance of activating the steps of the central bank in granting loans to agricultural, industrial and residential banks, as well as lending to young people looking for work, while loosening the terms of the loans and defining them with the project’s guarantee."
 And that "internal borrowing will secure the salaries of employees. As for external borrowing, which is set at $ 5 billion, it must be invested to complete development projects, including investment projects for burned gas and the development of the Basra gas project with the Shell Company, which contributes to providing what the power stations need instead of buying Iranian gas with amounts that exhaust the budget. Other imports to the budget, and there are projects related to petrochemicals and fertilizers that can bring large sums of money to the state’s treasury, not to mention its benefits to society by advancing economic development. ”
He stressed, "Directing loans to these projects will put the reform process in the right direction." Ended 29 / A 43

https://www.mawazin.net/Details.aspx?jimare=107636

[Mary B]

Ali Al-Tamimi: Imposing the parliamentary system is intended in an economically disorganized, degraded, and socially poor country

Tuesday 30, June 2020 

Baghdad / Nina / Legal expert Ali Al-Tamimi stressed that: the imposition of the parliamentary system is intended in an economically disorganized, degraded, and socially poor country.

He told the Iraqi National News Agency ( NINA ) that: The parliamentary system needs economic pivots, heads of funds supporting it, and homogeneous social fabric, and this was its first appearance in Britain (or capitalism) and this parliamentary system they call it the son of capitalism.

Al-Tamimi added: There are 24% of the countries in the world taking this system, which is called the master of political systems, and it suffices to mention the wonderful country of South Africa in everything and the highly developed Emirates in which the parliamentary system succeeded because it is economically and institutionally developed.

He added that: The presence of the parliamentary system in countries that are economically confused, societal and socially deteriorating poverty leads to its failure and the dominance of the executive authority over Parliament and leads to rupture, fragmentation and civil war in the end because the principle was a mistake. It happened later .. We are in Lebanon.

Al-Tamimi said: Agreement with the calls for a return to the presidential system, as is the case in Egypt and many Arab countries, and that needs to amend the "rigid" constitution and its difficult amendment, and this was also intended and a contract in the chainsaw. / End 3

https://ninanews.com/Website/News/Details?Key=841122

 

[Mary B]

About a quarter of a million dollars goes out daily to the Iraqi market and threatens the country's economy .. Where do these funds go?

2020-06-30

Yassin Iraq: Baghdad

More than one deputy in Parliament expressed his surprise at the mechanism of the hard currency selling window in the central bank, as this window sells approximately 240 million dollars daily in light of the economic downturn and the absence of import, which prompted MPs to ask where these funds go.

Representative Muhammad Shi'a Al-Sudani:

On Tuesday, the independent engineer, Muhammed Shia'a Al-Sudani, offered solutions out of the financial crisis in Iraq.

"In light of the challenges facing the country, the government has a number of urgent measures in place to enable it to fulfill its obligations, specifically in front of employees, retirees, social welfare, processing of the ration card and the benefits of the crisis cell in relation to confronting the Crohna virus," Al-Sudani said in a statement. ”

He stressed that "the important part of the economic reforms is to collect customs tariff fees and protect the product while controlling the window for selling the currency from the central bank in which the sale reached large numbers, including 240 million dollars sold in one day," asking, "Who directed this money?" And what imports could come to Iraq in light of the economic downturn that the entire region is going through? Why are there no tax and customs deductions before the dollar is spent to secure the right of the state? It is not possible to sell the dollar without revenue to the state treasury and without deduction of fees and taxes. ”

Al-Sudani pointed out, “There is another economic perspective, which is we have made sure that the agricultural and industrial private sector does not rise in light of imports from official and unofficial ports and in the absence of full control over the ports and the absence of standardization and quality control of the goods entering and in the absence of taxes and fees From them, it is certain that the prices of imported goods and products will crowd out the national product, and all this requires reform steps to maximize revenues.

Al-Sudani noted that "the oil derivatives and the extracted crude oil that is given to the distribution companies and the refineries ends in the oil derivatives provides large amounts of money that went to the Ministry of Oil, whether to distribute the profits to the employees, or to carry out projects of social benefit." Accordingly, and in light of the current financial circumstances, These funds, which amount to 8 trillion dinars, should be invested in the event of controlling oil revenues by setting the rate of 10% of extraction costs and $ 8 for liquidation and within 5% of the distribution with the granting of hooves, there are 8 trillion dinars that can be saved from the revenues of oil derivatives without raising the price of products Oil is available to citizens, and they are available revenues that were not directed to the citizen. It is possible to provide quick revenues in addition to reducing the salaries of the three presidencies from ministers and representatives and special degrees and stopping the disbursement of allocations granted outside the laws.

Al-Sudani warned of the need to “push towards effective and real steps regarding encouraging the agricultural and industrial sectors by placing the import curriculum at the table of government producers from companies of the Ministry of Industry as well as private and mixed sector companies and identifying the goods that can be produced so that the government can issue a decision to prevent their import as well as review the calendar Agricultural in a way that guarantees the preservation of local agricultural products, avoids peasants' damage, closes ports, and completely controls them. ”

Al-Sudani stressed the importance of activating the steps of the central bank in granting loans to agricultural, industrial and residential banks, as well as lending to young people looking for work, while loosening the terms of the loans and defining them with the project’s guarantee.

And that "internal borrowing will secure the salaries of employees. As for external borrowing, which is set at 5 billion dollars, it must be invested to complete development projects, including gas investment projects and the development of the Basra gas project with the Shell Company, which contributes to providing what the electricity stations need instead of buying Iranian gas with amounts that exhaust the budget. Other imports to the budget, and there are projects related to petrochemicals and fertilizers that can bring large sums of money to the state’s treasury, not to mention its benefits to society by advancing economic development. ”

He stressed, "The directing of loans to these projects will put the reform process in the right direction."

Parliamentary finance warns

A member of the Parliamentary Finance Committee, Ahmed Al-Saffar, said yesterday, Monday, that the Central Bank of Iraq succeeded in light of the global crisis caused by the collapse of oil prices, while stressing that the window to sell the dollar currently poses a risk to the bank's reserves.

Ahmed Al-Saffar said, in a press interview, that "the value of what is sold from the dollar in the window of the Central Bank of Iraq is much greater than the revenue from selling crude oil, given that the latter constitutes the most important source of hard currency in the country, and therefore the window actually affects the cash reserve despite this money It goes on the basis of supporting importers according to the official papers provided by banks that participate in the currency auction.

Al-Saffar added, “With a calculation between what is sold from the dollar through the currency, and what is received through selling the dollar, it reveals a big difference that really affects the cash reserve, but the latter, according to his policy, tries to maintain the dollar’s exchange rate against the Iraqi dinar, because any reduction It will lead to an increase in the value of the dollar and a reduction in the dinar, and consequently an increase in prices. He is trying to create a balance between the value of the dinar and the reserve. ”

A member of Parliament’s Finance Committee confirmed that “the central bank is an independent institution, and it is not possible to interfere in its monetary policy, and it succeeded in the last period because it maintained the rate of inflation and the exchange rate of the dollar after the global oil price collapse and its accompanying repercussions in the health crisis.”

He pointed out that "the situation of Iraq is better than the neighboring countries, some of which collapsed currencies," noting that "the central bank policy is particularly good and made sure that people with limited incomes and those with daily wages are not affected by inflation or high prices in the markets."

Deputy Darraji

Earlier, a member of the Parliamentary Finance Committee, Muhammad Sahib al-Daraji, published a tweet in which he stated that “one day, the currency window sells $ 207 million and the average daily oil sales are $ 60 million (according to the price of $ 40 quality discount $ 6 + production cost $ 9) export rate 2.4 Million barrels). ”

He added: “So the difference between the dollar entering the country and abroad to import 147 million dollars! In one day, if it continues, it means 53 billion a year! Why".

 

 

https://yesiraq.com/نحو-ربع-مليون-دولار-تخرج-يوميا-للسوق-ال/

 

[Mary B]

Dollar exchange rates in the local markets for today

2020-06-30 | 03:08

The dollar exchange rate stabilized on the Al-Kifah Stock Exchange and local markets, Tuesday, (30 June 2020).

The prices of the Kifah Stock Exchange were recorded - Baghdad123.100 dinars per 100 dollars.

Buying and selling prices in banking shops:

the selling price of the dollar = 123,500 dinars per 100 dollars.

The purchase price of the dollar = 122,500 dinars per 100 dollars.

 

https://www.alsumaria.tv/news/اقتصاد/350406/أسعار-صرف-الدولار-في-الأسواق-المحلية-لهذا-اليوم?src=rss&utm_campaign=rss&utm_source=Rss-articles&utm_term=Rss&utm_medium=Rss-350406

[Mary B]

A deputy excluding the approval of important laws: We will focus on three important aspects

30/06/2020

 

  

Information / Baghdad ..
Member of the Committee on Agriculture, Water and Marshes, Ali al-Budeiri, on Tuesday ruled out the approval of important bills during the coming period, stressing that the conditions the country is going through will make the legislative authority focus on three main aspects.
Al-Badiri said in a statement to "Information", that "the work of the parliament will be abbreviated during the coming period on the subject of the financial crisis, the issue of Corona and the economic crisis," noting that "important controversial laws will be carried out until after the end of the current crisis that the country is going through and may be transferred to the next parliamentary session." ”
He added, "The remaining time does not allow for the inclusion of important laws and legislations on the agenda of the Council in light of the preoccupation of the legislative and executive authorities with the outbreak of the Corona virus."
Al-Badiri pointed out that "the matter will be reduced during the coming period, focusing on the budget of 2021, in addition to the issue of economic and health implications." Ended / 25h

 

https://www.almaalomah.com/2020/06/30/482514/

[Mary B]

Independent politician: the political class fell into corruption and practiced mismanagement

30/06/2020

 

 

 

 

Baghdad - Mawazine News
Independent politician Wael Abdul Latif confirmed on Tuesday that the political class fell into corruption and practiced mismanagement, while noting that the political leader should rely on his people and not on neighboring countries.
And Abdul Latif said in a televised interview followed by Mawazine News, that "Iraq is controlled by three forces, which are religion, clan and politics, so the political leader must rely on his people and not on neighboring countries."
He added, "The political class fell into corruption and practiced mismanagement, and this is what made the Iraqi state completely destroyed," noting that "the powerful now want to strengthen others at the expense of strengthening Iraq." Ended 29 / p.

https://www.mawazin.net/Details.aspx?jimare=107640

[Mary B]

Tuesday, June 30, 2020 10:05 AM

 

Parliamentary Committee: The government does not have an economic vision ... and its actions are outrageous

 

 

Parliamentary Committee: The government does not have an economic vision ... and its actions are outrageous

The Parliamentary Economy and Investment Committee confirmed that there is no economic vision for the government towards providing the necessary resources and revenues that supply the budget with money.

Member of the Parliamentary Committee Nada Shaker said in a press statement: "The government's moves and lack of control over economic resources have aroused the discontent of the Iraqi people, especially with regard to border outlets and other productive sectors and not taking action with the region to force it to hand over its money to the center."

She added: "The government pays millions of dollars to buy gasoline fuel, while selling oil at a very low price, and this matter is very flawed and indicates the lack of economic strategic planning."

Shaker stressed: "The necessity of relying on a deliberate economic policy and attracting expertise and competencies to amend the path of the economic plans pursued by the government and keeping it away from the policy and internal and external interventions."

 

https://www.thebaghdadpost.com/ar/Story/197738/لجنة-نيابية-الحكومة-لاتمتلك-رؤية-اقتصادية-واجراءاتها-مثيرة-للسخط

[Mary B]

Tuesday, June 30, 2020 11:47 AM

 

Parliamentary economy reveals the interest rate for foreign loans

 

 

 

The Parliamentary Economy and Investment Committee revealed the interest rate that will be imposed on external loans to finance the federal budget.

Committee member Ibrahim Charter said that "the interest rate will be less than 1% for external loans because the country is unable to pay a high fouad due to the collapse of the Iraqi economy in the shadow of the Corona pandemic", pointing out that "loan funds have not been secured yet and need time to discuss with a fund International Monetary. ”

She added that "the government is obligated to support the local industries and the private sector to preserve the hard currency inside Iraq and avoid the collapse of the currency", indicating that "external borrowing is an incorrect solution except that the government is obligated to it because of the financial situation it is going through at the moment."

 

https://www.thebaghdadpost.com/ar/Story/197760/الاقتصاد-النيابية-تكشف-نسبة-الفائدة-للقروض-الخارجية

[Mary B]

The Kurdistan Region's share of the loans is determined by the agreement with the Federal Government

---

 

30/6/2020

 

       

The Kurdistan Region's share of the loans is determined by the agreement with the Federal Government

 

The Parliamentary Finance Committee confirmed that the domestic and foreign loans that Iraq will receive come to finance the fiscal deficit for the year 2020.

Representative Sherwan Mirza, a member of the Parliamentary Finance Committee, said during a special statement to PUKmedia: The domestic and foreign loans that Iraq will receive come to finance the fiscal deficit for the year 2020. It will be reimbursed from sovereign expenses.

He added: Since these loans are to bridge the operational deficit in the budget, the share of the Kurdistan Region from these loans will be determined after an agreement has been reached between the two sides.

He continued: If an agreement occurred between the Kurdistan Regional Government and the federal government on the financial files, the Kurdistan Regional Government will have a share of those loans, and if there is no agreement, there will be no share of the Kurdistan Region from the loans that Iraq will receive to fill the financial deficit.

This, and the House of Representatives voted during its last session on a draft law on domestic and foreign borrowing to finance the fiscal deficit for the year 2020, given the delay in approving the federal public budget for 2020 and the spread of the Corona pandemic in the world and the decline in crude oil prices significantly, and the difficulties facing the Iraqi government in financing public spending and In order to facilitate financing the necessary overheads.

 

https://www.pukmedia.com/AR_Direje.aspx?Jimare=144665

[Mary B]

Barzani: The Kurdistan Region will continue its discussions with Baghdad to reach an agreement that guarantees its dues

 

  

{Baghdad: Al Furat News} The President of the Kurdistan Regional Government, Masroor Barzani, met today, Tuesday, with a delegation of discussions with the Federal Government, through a closed-circuit television system (video conferencing).

At the start of the meeting, according to the statement of the provincial government, which was received by {the Euphrates News}, “Deputy Prime Minister Qubad Talabani shed light on the visit made by the Kurdistan Regional delegation to Baghdad last week, the results of discussions with the federal government and the proposals put forward to resolve the outstanding problems between the two sides.” .

The Prime Minister indicated that "the Kurdistan region will continue its discussions with Baghdad with the aim of reaching an agreement that guarantees its constitutional rights and entitlements," noting that "the Kurdistan region is determined to defend its legitimate rights within the framework of the Iraqi constitution, and will not give it up at all." is over

Mohammed Al-Marsoumi

 

https://alforatnews.com/news/بارزاني-إقليم-كردستان-سيواصل-مباحثاته-مع-بغداد-للتوصل-لاتفاق-يضمن-مستحقاته

[DoD]

11 minutes ago, Mary B said:

Barzani: The Kurdistan Region will continue its discussions with Baghdad to reach an agreement that guarantees its dues

 

  

 

The Prime Minister indicated that "the Kurdistan region will continue its discussions with Baghdad with the aim of reaching an agreement that guarantees its constitutional rights and entitlements," noting that "the Kurdistan region is determined to defend its legitimate rights within the framework of the Iraqi constitution, and will not give it up at all." is over

Mohammed Al-Marsoumi

 

 

I'm thinking this guy could be the smartest of the Barzani family because he knows Kurdistan is in a real big bind today. Between the virus an the bottom dropping out of oil prices their economy is going down the tubes. This thing called the HCL that's been kicked down the road for many years is his only play in my opinion. OPEC has a cap on Iraq's exporting an it appears the black market isn't enough to satisfy all the thieves in Kurdistan so cutting a deal with the GOI though it hurts today could be their only choice...

[Mary B]

The International Monetary Fund reveals its expectations regarding the fate of oil prices during the current year

2020-06-30

Yassin Iraq: Follow-up

An official at the International Monetary Fund painted a bleak picture of the economies of the Gulf Cooperation Council countries this year, in light of the Corona crisis and the decline in oil prices in global markets.

An official at the fund said that the economies of the Gulf Cooperation Council countries (Saudi Arabia, Oman, UAE, Kuwait, Qatar and Bahrain) will witness a 7.6% contraction this year.

 

The official also indicated that oil prices are expected to reach $ 40-50 in 2020.

 

https://yesiraq.com/صندوق-النقد-الدولي-يكشف-توقعاته-بشأن-م/

[Mary B]

Parliament: Mobile phone companies owe the government 100 billion dinars in sales tax

- 01/07/2020

 

 

 

 

Baghdad - Mawazine News
, The Communications and Media Committee in the House of Representatives revealed that mobile phone companies have not received the sales tax amounts imposed on mobile phone mobilization cards since 2015 until now, confirming that the first and last victim in this matter is the simple citizen, and the Parliamentary Committee called on the government By collecting the debts of these billions of dinars.
Committee member Aswan Salem Al-Kuldani said, in an interview with government media, that "the sales tax - including mobile phone credit card mobilization cards - was imposed in 2015 to boost public treasury imports, after global oil prices fell, and was ratified by the House of Representatives under the Federal General Budget Law" He pointed out that "these companies, and although they made the citizen bear the taxes, the government has not yet received any sums that resulted from that."
He added, "The amounts due on these companies as debts amounted to about 100 billion dinars, in addition to the presence of dozens of lawsuits that have not been settled yet due to pressure to cover up these companies."
And among the Chaldeans, that "the mobile phone companies have prolonged a lot in order to keep their debts indefinitely, despite the passing of Iraq in more than one financial crisis, and the money in the possession of these companies could have been invested to improve the country's economic situation," calling on the Prime Minister to "seriously intervene to resolve This issue is as soon as possible, given that Iraq is in urgent need of any sums that it can invest to pay its employees salaries, compensation and other things. "
Al-Chaldani insisted that "some companies defrauded the executive institutions after their returns appeared to foreign companies since 2015, and this entails the payment of double sums that must be paid to the government, but to no avail."
And he hinted that "the debts on those companies accumulated since the beginning of their work in Iraq in 2004 until now, due to the negligence of some parties with them, while the mobile companies operating in the majority of the countries of the world are the ones that constantly demand the governments to return their debts." End 29 / A 43

https://www.mawazin.net/Details.aspx?jimare=107782

[Mary B]

a proposal from the parliamentary finance on the mechanism of preparing the state's general budget

Author: Ahad7 On 1/7/2020

The Finance Committee of the House of Representatives, Wednesday, suggested that the government prepare a semi-annual budget for the next six months remaining of this year 2020 and send it to the House of Representatives for approval, in order to conduct the country's financial affairs.  

The decision of the Parliamentary Finance Committee Ahmad Al-Saffar said in a statement that "the committee was waiting for the government to send the budget to the parliament yesterday, Tuesday 6/30 according to the scheduled date," noting that "after the budget delay, the government will rely on the monthly interim budget 1/12."  

He emphasized that “the government may not rely on the 12/12 monthly budget for 2019, because the disbursement and revenue process needs a legal cover represented by the budget law,” explaining that “either a monthly budget is approved, or a bi-annual budget law is sent for approval in the House of Representatives.” ”  

He noted that "work without a headquarters budget law exists"; The House of Representatives will not be allowed to exercise its oversight role over exchange and revenue, so we await the opinion of the government, ”stating that“ legal solutions lie in the approval law, and it is not a substitute for the budget, so the committee agreed to approve the budget so that the government can provide liquidity to implement its obligations, Relating to exchange and revenue must have legal cover. ”  

Al-Saffar reiterated that "the implementation of Law 12/1 is not permissible in such circumstances, because the general situation of the country differed, and everything related to revenues, oil prices and exchange gates also changed, so without a budget approval the government is not entitled to receive any revenue, and the legal cover The only one is the Budget Law. ”  

He pointed out that "the committee communicates with each other via the Internet because of the health status of the Corona pandemic and the disruption of the council," noting that "the proposals that the government must legally put in place are for the government to send a bi-annual budget for the next six months; Includes the operational budget only, and a portion of the investment approved by the House of Representatives within the borrowing law, and up to 15 percent of the amounts borrowed for ongoing projects in the 2019 budget law, and approved in the House of Representatives, with work to prepare the budget of 2021 in both its operational and investment aspects, and that is the legal solution ”  

Al-Saffar indicated that "the government should focus on the operational side of the semi-annual budget, as well as focus on the investment side for 2020 relocating to the budget of 2021, and that the government start preparing the draft budget for 2021."  

 

https://alahadnews.net/80788/السياسية-2/

[Mary B]

minister of immigration: reconstruction and infrastructure of liberated cities is an essential step for the return of the displaced

Author: Ahad6 On 7/1/2020

Minister of Immigration and Displacement, Evan Faek Gabro, stressed that the reconstruction and infrastructure of liberated cities is a fundamental step for the return of the displaced.

A statement by the ministry stated that the minister met the building of the ministry in the capital Baghdad, head of the United Nations High Commissioner for Refugees (Unhcr) mission in Iraq, Philippa Kander. The liberated cities to encourage the displaced to return without coercion or coercion, in addition to discussing the mechanism of cooperation between the Ministry and humanitarian organizations, simplifying procedures and ensuring their protection inside the camps and their return to their areas of origin.

The Minister indicated in the meeting that "the Iraqi government supports voluntary, not forced return, despite the knowledge that some families are unwilling to leave the camps inferred, thus the ministry continues to meet all the needs of the displaced families in the camps until they return to their places of original residence."

https://alahadnews.net/80775/العراق/السياسية/

[Mary B]

Jawdat: The government is not favored when it pays the salaries of retirees

 July 01. 2020 - 4:09

  

 

Baghdad: Sumer News Independent deputy, Nada Shaker Jawdat, confirmed that the government does not have a preference for retired workers in Muhamn with a pension or financial dues, especially as what the retiree gets from a monthly salary is the result of financial deductions during his service and it is wrong to deduct part of his salary. Jawdat said in a press statement that "the employee deducts monthly payments from him under the title of pension arrests in order to benefit from them while he is referring to retirement." She added, "The government is not a favorite of retirees when they spend their salaries, but rather that what they get is not from the government, but rather their money throughout the period of their service." Jawdat warned that "the government will return to the step of deducting part of the pensioners' salaries," stressing that this is a mistake and the government cannot prejudice their salaries that were deducted from them during service to obtain them upon retirement, in addition to that the pension fund contains large sums and the government may not resort to it as it is for employees.

 

http://sumer.news/ar/news/47201/جودت-الحكومة-ليست-صاحبة-فضل-عندما-تصرف-رواتب-المتقاعدين

[Mary B]

A new proposal from the Finance Committee to the government about the budget

2020.07.01 

 

Baghdad - people  

The Finance Committee of the House of Representatives, Wednesday, suggested that the government prepare a semi-annual budget for the next six months remaining of this year 2020 and send it to the House of Representatives for approval, in order to conduct the country's financial affairs.  

The decision of the Parliamentary Finance Committee Ahmad Al-Saffar told the official newspaper, and its follower, Nass (July 1, 2020), said, "The committee was waiting for the government to send the budget to the parliament yesterday, Tuesday 6/30 according to the scheduled date," noting that "after the budget delay, the government It will depend on the monthly budget 12/1 ".  

He emphasized that "the government should not rely on the 12/12 monthly budget for 2019, because the disbursement and revenue process needs a legal cover represented by the budget law," explaining that "either a monthly budget is approved, or a bi-annual budget law is sent for approval in the House of Representatives." ".  

He pointed out that "work without the presence of a headquarters budget law; will not allow the House of Representatives to exercise its oversight role over exchange and revenue, so we await the opinion of the government," noting that "legal solutions lie in the approval law, which is not a substitute for the budget, so the committee agreed to approve the budget In order for the government to be able to provide liquidity to implement its obligations, what is related to spending and revenue must have legal cover. "  

Al-Saffar reiterated that "the implementation of Law 12/1 is not permissible in such circumstances, because the general situation of the country differed, and everything related to revenues, oil prices and exchange gates also changed, so without a budget approval the government is not entitled to receive any revenue, and the legal cover The only one is the Budget Law. "  

He pointed out that "the committee communicates with each other via the Internet because of the health status of the Corona pandemic and the disruption of the council," noting that "the proposals that the government must legally put in place are that the government works to send a semi-annual budget for the next six months; it includes the operational budget only And as part of the investment approved by the House of Representatives within the borrowing law, and up to 15 percent of the amounts borrowed for ongoing projects in the 2019 Budget Law, and approved in the House of Representatives, with work to prepare the budget of 2021 with both its operational and investment aspects, and that is the legal solution. ”  

Al-Saffar said that "the government should focus on the operational side of the semi-annual budget, as well as focus on the investment side for 2020 relocating to the budget of 2021, and that the government start preparing the draft budget for 2021."  

 

https://www.nasnews.com/view.php?cat=34359

[Mary B]

The Communications Committee attacks mobile companies: Where are the billions deducted from the citizens?

2020.07.01 

 

Baghdad - people  

The Communications and Media Committee of the House of Representatives confirmed on Wednesday that the mobile phone companies have not received the sales tax amounts that were imposed on the mobile phone recharge cards since 2015 until now, stressing that the first and last victim in this matter is the simple citizen, while the government demanded to pay the debts of these companies That amounts to billions of dinars.  

Committee member Aswan Salem Al-Kuldani told the official newspaper, followed by "NAS" (July 1, 2020), that "sales tax - including mobile phone credit card mobilization - was imposed in 2015 to boost public treasury imports, after global oil prices fell, and was approved by the House of Representatives According to the Federal Budget Law, "noting that" although these companies made the citizen bear those taxes, the government has not yet received any sums that resulted from that. "  

He added, "The amounts due on these companies as debts amounted to about 100 billion dinars, in addition to the presence of dozens of lawsuits that have not been settled yet due to pressure to cover up these companies."  

And among the Chaldeans, that "the mobile phone companies have prolonged a lot in order to keep their debts indefinitely, despite the passing of Iraq in more than one financial crisis, and the money in the possession of these companies could be invested to improve the economic situation of the country," demanding the Prime Minister "to intervene seriously to resolve this." The issue as soon as possible, because Iraq is in urgent need of any sums that it can invest to pay its employees salaries, compensation and other things. "  

Al-Chaldani accused some of these companies "of defrauding the executive institutions after their returns appeared to foreign companies since 2015, and this entails the payment of double sums that must be paid to the government, but to no avail."  

And that "the debts on those companies accumulated since the beginning of their work in Iraq in 2004 until now, due to the negligence of some parties with them, while the mobile companies operating in the majority of the countries of the world are the ones that constantly demand the governments to return their debts."  

While a member of the committee, Uday Shaalan Abu Al Jun, accused "influential parties of being behind those companies, which urges them to rebel against government decisions and not pay the amounts of their debts."  

Abu Al-Jun added to the official newspaper, followed by "Nass" (July 1, 2020), that "Iraq is suffering today from a financial crisis, and any sums that can save the country's economy must be invested, while we see at the same time that there are millions of dollars in these companies." However, she remains silent, and we do not know what is the aim of turning a blind eye to her unacceptable behavior. "  

He stressed that "the problems that we have heard about since 2004 until now, which were represented by the presence of interference that causes the interruption of calls, are still present, and none of those companies recognizes the poor and cheap devices that are present in these companies compared to what exists in the countries of the world."  

Abu Al-Jun called on the executive bodies to "take appropriate measures against those companies that refuse to pay the debts incurred by themselves, in addition to investing in the telecommunications sector and the Internet properly, as do the countries of the world that rely heavily on the revenues generated from this sector."  

 

https://www.nasnews.com/view.php?cat=34357

[Mary B]

Learn the exchange rate of the dollar against the Iraqi dinar

01/07/2020

 

 

 

 

 

Baghdad - Mawazine News

The dollar exchange rates fell on the Kifah Stock Exchange and local markets, Wednesday, (July 1, 2020).
The prices of the Kifah Stock Exchange - Baghdad recorded 122,550 dinars per 100 dollars.
Buying and selling prices in banking shops:
the selling price of the dollar = 123,000 dinars per 100 dollars.
The purchase price of the dollar = 122.000 dinars per 100 dollars. Ended 29 / p

https://www.mawazin.net/Details.aspx?jimare=107803

[Mary B]

Iraq announces preliminary statistics on the exported quantities of oil and revenues earned for the past month

01/07/2020

 

 

 

 

Baghdad - Mawazine News
, The Ministry of Oil announced, on Wednesday, the total exports and revenues accrued for the month of last June, according to the preliminary statistics issued by the Iraqi Oil Marketing Company "SOMO".
The ministry spokesman, Assem Jihad, said in a statement that Mawazine News received a copy of it, "The amount of exports of crude oil reached (84) million (490) thousand and (194) barrels (eighty four million and four hundred and ninety thousand one hundred and ninety barrels)," With revenues of more than (2) billion and (861) million and (140) thousand dollars (two billion eight hundred and sixty-one million and one hundred and forty thousand dollars).
He added, "The total quantities of exported crude oil for the month of June from the oil fields in central and southern Iraq amounted to (81) million and (7) thousand and (675) barrels. As for the Kirkuk fields through the port of Ceyhan, the quantities exported (3) million And (482) thousand and (519) barrels. "
He pointed out that "the total daily rate of exports amounted to (2) million and (816) thousand barrels, where the daily rate of export from Basra ports was (2) million and (700) thousand barrels, and from Ceyhan the daily average was (116) thousand barrels Indicating that "the average price per barrel reached (33,864) dollars." Ended 29 / A 43

 

https://www.mawazin.net/Details.aspx?jimare=107820

[Mary B]

Parliamentary: Baghdad insists on refusing to pay Kurdistan dues unless the agreement is complied with

 01/07/2020

 

 

 

 

Baghdad Mawazine News,
confirmed the deputy for the State of Law coalition, Nassif, on Wednesday, the federal government refused to exchange the dues of the Kurdistan region unless the financial revenues achieved from oil sales and 50% of the non-oil revenues are delivered.
Nassif said, according to the government media, that "the government is serious about negotiating with the Kurdish delegation, ending disputes and preserving the rights of citizens in all governorates." Non-oil revenue. "
She added that "the regional government did not abide by the agreement and returned again by demanding to receive the dues for another month," stressing that "the federal government refused to pay the dues unless the agreement was complied with." Ended 29 / A 43

 

https://www.mawazin.net/Details.aspx?jimare=107816