Parliamentary Finance: The government's economic reform paper will be presented at the end of this September

[yota691]

10-09-2020 02:26 PM

Parliamentary Finance: The government's economic reform paper will be presented at the end of this September

 

 

Baghdad / Al-Akhbariya

A member of the Parliamentary Finance Committee, Representative Muhammad Sahib Al-Darraji, announced that an agreement had been reached in the House of Representatives with the Ministers of Planning and Finance to present the government economic reform paper at the end of this month.

Al-Darraji said in a televised interview, that "the ministries' preoccupations and their travel outside Iraq led to a delay in submitting the economic reform paper," noting that "this delay constitutes a violation of the internal and external borrowing law that the House of Representatives voted on on June 24."

Al-Darraji added, "The arrival of the reform paper late to the parliament is better than not arriving," stressing that "the parliament will discuss the paper in the event it arrives, and will discover its validity to address the deteriorating economic conditions in Iraq."

[yota691]

09-09-2020 12:00 PM

Parliamentary Finance: We will return to the problem of paying salaries soon, unless the government submits its reform paper

 

 

Baghdad / Al-Akhbariya

A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, today, Wednesday, that the problem of paying the salaries of employees and retirees will return to the difficult front soon unless the government puts forth an economic reform paper, calling on the Ministry of Finance not to think about borrowing again.

Joker said to "Al-Akhbariya", "The ongoing political differences between the blocs are among the most important obstacles in submitting the economic reform paper by the government," indicating that "the financial resources in Iraq are insufficient and threaten the state budget and this could lead to the government's inability to pay The salaries of employees in the coming months. "

A member of the Finance Committee called on the government and the Ministry of Finance to "adopt a comprehensive economic paper that would advance the Iraqi financial situation and not think again about external or even internal borrowing because it will increase Iraq's debts."  

The Joker pointed out that "the continuous external borrowing will lead to economic collapse and shackling the country with harsh international conditions, which may lead to interference in the Iraqi political and economic decision," explaining that "the 2020 budget has been ready for months, but it will be devoid of any spending except for the essential ones."

According to the Finance Committee, Iraq owes about $ 110 billion to international and domestic banks, and economists have warned of the economic collapse of the state or even the declaration of bankruptcy unless the state’s resources are controlled and corruption mafias are not allowed to tamper with.

 

[horsesoldier]

Big problems, Small on solutions...change your ways or get sucked down the drain.

[King Bean]

1 hour ago, yota691 said:

"the ministries' preoccupations and their travel outside Iraq led to a delay in submitting the economic reform paper." Al-Darraji added, "The arrival of the reform paper late to the parliament is better than not arriving."

 

Iraq government in a nutshell. Pre-occupied with things other than their jobs. And they've done little to nothing for the last 8 months. Still getting paid, I presume. New elections can't happen fast enough. I just hope it brings new faces, new dedication and change.

 

[new york kevin]

Sounds good. The end of September 2020 . 

[new york kevin]

3 hours ago, yota691 said:

unless the government puts forth an economic reform paper, calling on the Ministry of Finance not to think about borrowing again.

This part also interest me very much. How are you going to reach your goals for the people, do what you need to do, and not borrow more money . Hmmm, I know of a way to achieve that . 

Edited September 10, 2020 by new york kevin

[yota691]

The Iraqi Finance Minister presents an unfinished draft of reforms at the end of this September

Allawi

 September 11, 2020 7:09 PM

 

Mubasher: The Parliamentary Economic and Investment Committee in Iraq revealed the details of its meeting with the Ministers of Finance and Planning.

A member of the Economic Committee, Mazen Al-Faily, told the Iraqi News Agency (INA), today, Friday, that "the Minister of Finance has set the end of this month as a date for submitting a non-final draft to come out with reforms.

He explained that he will present a draft in the middle of next month for discussion and after consulting with the three presidencies, pointing out that Finance Minister Ali Abdul Amir Allawi indicated that there are previous accumulations and the treasury is almost empty, and the situation is exceptional and needs a long period.

Al-Faili said that the Minister of Finance confirmed that Iraq does not want to borrow from the International Monetary Fund because of its difficult and costly conditions.

He added, "The Minister of Finance mentioned that specifying a two-month period in Article Seven of the Borrowing Law to present the government with a reform paper or an economic development paper is not sufficient, because the period is short and the government needs six months to present this paper, especially since the official working hours have become 25 percent in the last period because of Corona outbreak, and it has become difficult to submit a repair paper during this period. "

Earlier, the Minister of Finance, Ali Abdul-Amir Allawi, confirmed that "the economic reform program needs a long time because the economic situation in Iraq is going through embarrassment due to the repercussions of previous cumulative economic policies that passed on the Iraqi state since the 1950s in the last century until now, especially the reform law legislation." The agricultural sector and the socialist package decisions, in addition to the loss of the economic vision that weakened the private sector and made all resources in the hands of governments. "

He added, "The current government suffers from a scarcity of funds, which forced it to borrow internally and externally and cannot present the paper within the period specified by the law voted on."

Allawi pointed out that "the formation of a specialized team consisting of 40 employees working continuously to prepare and submit the required paper despite the current health conditions," indicating that "the reasons for delaying its submission are technical and historical."

[horsesoldier]

Unfinished ? Really ? WTF ? There he sits, with a shyte eating grin on his face. This article above is chock full of excuses. . . After nearly 17 years ! Yeah Yeah I'm aware of everything that went on before.

 

Did they pull these people out of the deep freeze, thaw them out, give them a 10 minute debrief and say have it ? NO ! ! ! Be a proactive thinker. 

 

NOBODY wants to hear pathetic excuses & half assed reasoning like this ! Allawi pointed out that "the formation of a specialized team consisting of ( cafeteria must be busy ) 40 employees working ( 1 ) continuously to prepare and submit the required paper despite the current health conditions," indicating that (2) "the reasons for delaying its submission are technical and historical."    ()

 

 

There should be such a sense of urgency like never before. Kazemi must be pulling his hair out with such reckless stupidity like this.

 

I'm short on patience with all this today I suppose.  

 

#1 - whats their definition of " Continuously " #2 - Wholly unacceptable & Pathetic

 

Time to feed my horses - Think I'll saddle up this afternoon and go for loooong ride. That usually calms me down.

 

Thank you for the article. . . better to know than not.

[3n1]

2 hours ago, horsesoldier said:

There should be such a sense of urgency like never before. Kazemi must be pulling his hair out with such reckless stupidity like this.

 

It is frustrating seeing what transpires but hey i get pretty torqued off with the games US politicians play constantly ,

enjoy the horse ride and unwind , head'n out to cut the lawn , listen to music and clear the mind ... cheers

[screwball]

15 hours ago, horsesoldier said:

the reasons for delaying its submission are technical and historical.

Yep delete zeros and return rate to 70’s this is technical and historical!

Edited September 13, 2020 by screwball

[screwball]

Soundsto me September - end October is lower denims and rate change!

[yota691]

12-09-2020 03:39 PM

Parliamentary Finance: Real reform contradicts loan policy

 

 

Baghdad / Al-Akhbariya

A member of the Finance Committee, Jamal Cougar, confirmed today, Saturday, that the real reform is inconsistent with the loan policy, while stressing that Parliament will not yield to pressures to vote on borrowing again.

"The budgets of the coming years will witness a definite deficit, which is very large due to the government's failure to adopt a clear economic reform policy that enables it to operate factories and increase revenues," Joker said.

He added that "Parliament will not yield again to the government's demands regarding loans because the real reform is inconsistent with the policy of financial loans," noting that "the economic situation is very difficult and the demands of appointment will lead to a collapse of the budget and an increase in the operating budget at the expense of investment is an economic disaster."

Joker pointed out that "adding any job degree during the next two years is an economic disaster, and the government cannot afford to increase operating expenses, especially since Iraq is the second largest oil producer in the Organization of Petroleum Exporting Countries" OPEC ", with an average of 4.5 million barrels per day, according to the organization's figures for March. the past".

[yota691]

Parliamentary Finance to present in mid-October the {bold} reform paper

Monday 14 September 2020 2

 

  Baghdad: Nassar Hajj

 

The Parliamentary Finance Committee intends to present the reform paper that the Ministry of Finance passes for discussion in the middle of next month.  

Committee rapporteur Ahmed Al-Saffar told INA: The committee held a meeting with the Minister of Finance, the Undersecretary of the Ministry, the General Directors of Tax and Customs, the Rasheed and Rafidian Bankers, to discuss the economic crisis, the draft budget law, and the economic reform paper.

Al-Saffar added that the Minister of Finance promised to submit a draft of the reform paper at the end of this month, provided that the paper is fully presented in the middle of next month, pointing out that the paper is still undergoing some changes, indicating that the committee is awaiting the sending of the draft budget law for the year 2020 by the Council of Ministers. , Indicating that the budget will include borrowing and a mechanism for facing economic conditions and conditions for the next three months.

[DWS112]

5 minutes ago, yota691 said:

the budget will include borrowing and a mechanism for facing economic conditions and conditions for the next three months.

Looks like they have a plan?

[horsesoldier]

We're gonna borrow, we're not gonna borrow, we can't borrow, it would be catastrophic to continue to borrow . . . we gonna borrow. 

[Jaygo]

4 minutes ago, horsesoldier said:

We're gonna borrow, we're not gonna borrow, we can't borrow, it would be catastrophic to continue to borrow . . . we gonna borrow. 

🤦🏻

[yota691]

13 hours ago, yota691 said:

to discuss the economic crisis, the draft budget law, and the economic reform paper.

The economic crisis is the Deep State stole everything, draft budget law will discuss border, ports, oil % and newly found tax revenue and the Kurds %. The economic reform starts with a 3 month budget 2020 which will lead to fine tune the 3 year 2021 deal if the Kurds do what they say and e-governance fully implemented. IMO.... GM DV

[nannab]

Morning Yota   It seems that the Kurds got what they want and

hopefully they stick with the reforms.  

[yota691]

Monday 14 September 2020 | 04:08 PM

| Views: 35

Representative economy: the reform program within the 2021 budget, which will be sent early next month

 

Deputy for the Parliamentary Economic Committee, Nada Shaker Jawdat, suggested today, Monday, that the government will send the 2021 budget early next month, and that it will include its economic reform program .

 "The speech of the religious authority will contribute to increasing the state's financial resources, imposing law at border crossings, preventing the imposition of royalties by the corrupt, and returning billions of dollars in the event that the Kazemi government declares a war against corruption, " Jawdat said .

  She added that "the government will send the 2021 budget early next month to include its reform program," noting that "the budget must get rid of external debts permanently and rely on internal funds and economic resources provided by the sale of oil ."

[yota691]

14-09-2020 08:05 PM

Parliamentary Finance: There is no problem in legislating Resolution 315 and laying down its controls

 

 

 

[yota691]

Parliamentary Finance clarifies its position on fixing contracts and the controls of Resolution 315

2020.09.14 - 22:00

 

Baghdad - People  

The Parliamentary Finance Committee confirmed, on Monday, that priority is given to fixing contract and wage employees on the movement of owners during successive years, excluding everyone within a year, while indicating that there is no problem in legislating Resolution 315 and laying down its controls.   

The head of the committee, Haitham al-Jubouri, said in an interview with the official agency, which was followed by "People" (14 September 2020), that "the 315 decision if it is included in the budget law by the cabinet, there is no problem with its legislation and setting its own controls."  

Al-Jubouri ruled out "absorbing the stability of all contracts and wages in one year," describing this step as "something impossible, in light of the financial and economic conditions the country is going through."  

He pointed out that "it is possible to give priority to contracts and daily wages over the movement of owners and absorb them during successive years while preserving their pension rights."  

  

A government source revealed, on Monday, the size of the deficit in the current year’s budget and internal and external loans.  

The official agency quoted the source, and "People" followed him (September 14, 2020), that "the draft budget law for the current year voted on by the Council of Ministers amounts to about 148 trillion dinars with a deficit of 81 trillion," indicating that "the texts of the current year budget are no different from Texts in the 2019 Budget.    

He added, "The total oil and non-oil revenues in the 2020 budget are estimated at 67 trillion for a year," indicating that the spending process for the next 3 months is done through the budget.    

He pointed out that "the new internal and external borrowing in the 2020 budget amounts to 27 trillion for the purpose of meeting expenses."    

The spokesman for the Prime Minister, Ahmed Mulla Talal, confirmed today, Monday, that the 2020 budget has secured the salaries of employees and retirees and social care, while noting that the 2021 budget is in the process of preparation.    

The Cabinet approved the draft federal budget bill 2020, and sent it to the House of Representatives.    

  

The Parliamentary Oil and Energy Committee revealed, on Monday, that there are 8,000 job degrees in the 2021 draft federal budget bill for the Ministry of Oil.  

Deputy Chairman of the Committee, Rebwar Taha, said in a statement received by "People", a copy of it, (14 September 2020), that "the Parliamentary Oil and Energy Committee hosted today the Minister of Oil Ihssan Abdul-Jabbar to discuss the visions and trends related to the current policy of the Iraqi Ministry of Oil and how to deal with the oil and gas sector. In the future, pointing out that "the committee discussed with the minister the law of the national oil company and sent it to the parliament for the purpose of amending it."    

With regard to appointments and job grades, Taha commented that "8,000 job degrees for all of Iraq will be announced in the 2021 budget, by 3000 job degrees for graduates of petroleum engineering, geology and petrochemicals, and 5,000 job degrees for other majors."    

[yota691]

14-09-2020 03:31 PM

Representative economy: the reform program within the 2021 budget, which will be sent early next month

 

 

Baghdad / Al-Akhbariya

Deputy for the Parliamentary Economic Committee, Nada Shaker Jawdat, suggested today, Monday, that the government will send the 2021 budget early next month, and that it will include its economic reform program.

 Jawdat told Al-Akhbariya, "The speech of the religious authority will contribute to increasing the state's financial resources, imposing law at border crossings, preventing the imposition of royalties by the corrupt, and returning billions of dollars if the Al-Kazemi government declares war against corruption."

  She added that "the government will send the 2021 budget early next month to include its reform program," noting that "the budget must get rid of external debts permanently and rely on internal funds and economic resources provided by the sale of oil."

On the thirtieth of last June, the deadline granted by the House of Representatives to the government of Mustafa Al-Kazemi to present the draft general budget law for the current year 2020 for voting and approval, after half of the year had passed without a budget, and the other half may have passed as well, and by the end of the last period, a full year may have passed since the start By preparing the budget bill in the Council of Ministers without being able to finish it and send it to Parliament. The reason for not submitting the budget to Parliament is due to the presence of a large deficit rate of about (48) trillion Iraqi dinars.

[yota691]

Representative economic: the process of automating the ports will increase the revenues of the ports by 10 times

14:27 - 15/09/2020

 

  

The information / Baghdad ..
Member of the Parliamentary Economic Committee, MP Ali Al-Lami, confirmed, Tuesday, that completing the Iraqi border crossings will double its revenues to ten times.
Al-Lami said in a statement to "the information", that "the improvement in the revenues of the Iraqi border crossings comes primarily from a real implementation of the automation file that has been stalled for 4 consecutive years because it will create a correct course of action and address many negatives, especially in light of the presence of corruption in the existing administrations, parties and influential personalities in Ports ”.
Al-Lami added, "Automating the outlets will increase the revenues of exile 10 times what we see now, and this is very important, especially in light of the stifling financial crisis experienced by Iraq ."
Al-Lami added, "Automation is a fundamental and important solution that all countries of the world have adopted in order to control their revenues and keep the hands of the corrupt from them." End 25

[yota691]

Parliamentary efforts to hold a joint meeting with the government and come up with "one reform paper"

Policy

2020-09-16 | 07:42

 

204 Views

A member of the Parliamentary Finance Committee, Ahmed Al-Saffar, confirmed, on Wednesday, the existence of parliamentary efforts to hold a joint meeting with the government in order to come up with a "single reform paper" related to maximizing revenues and controlling and rationalizing expenditures.

Al-Saffar said in an interview with Alsumaria News, "The decline in global oil prices, corruption and waste of public money, in addition to the government's inability to access all imports derived from non-oil revenues, such as border outlets, customs and taxes for various reasons, all of which have greatly affected financial liquidity in The state treasury, "noting that" as long as the existing sums are not sufficient to pay the salaries, there is no room except for temporary resorting to borrowing. "

 

 

Al-Saffar added, "Among the conditions that we have set within the borrowing law is that the government submits a financial and economic reform paper within a specific period of time to the House of Representatives," pointing out, "We are not talking about a magic solution or reforms that are fully realized within a few months, rather our goal was to find a vision." Clear phases of reform. "

Al-Saffar confirmed, "There is a reform paper with the Finance Committee that is supposed to be matched by a government reform paper, and we seek to meet with the government to come up with one paper towards amending the formula for maximizing revenues and controlling and rationalizing expenditures that have suffered from many mistakes throughout the previous periods, given that the problem is not a shortage." The money is rather mismanaged

[screwball]

On 9/15/2020 at 10:00 AM, yota691 said:

She added that "the government will send the 2021 budget early next month to include its reform program," noting that "the budget must get rid of external debts permanently and rely on internal funds and economic resources provided by the sale of oil."

How are people not excited of this? This rv written all over it! **** this is big news!