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A "golden plan" gives Iraq more than 16 trillion annually, "paying salaries for two years" ... and disclosing 23 entities "whose imports are hidden and wasted budgets"


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A "golden plan" gives Iraq more than 16 trillion annually, "paying salaries for two years" ... and disclosing 23 entities "whose imports are hidden and wasted budgets"

2020-10-02
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Yes Iraq - Baghdad
 
One of the female employees of the Rafidain Bank, named Victoria Zarzis, who is in the position of Deputy Director General in the Rafidain Bank / Public Administration, sent a letter to the government containing important and serious details about the Iraqi financial map, and ways to obtain the lost Iraqi funds.
 
In her message, she said: Instead of borrowing and looking for confused, urgent and ill-considered solutions to solve the problem of the economic and financial crisis in Iraq and drowning Iraq in debts that have no way to escape from them, as long as the spoilers have fun in its institutions, so you must first correct the course of the financial policies of previous governments and the manipulation of their officials with the capabilities of the homeland and state revenues .
 
She added: The Iraqi Oil Ministry supplies its refineries with one million barrels of oil per day. This is what was mentioned by more than one official. Of course, this oil is refined inside the refineries, and a barrel of oil is converted into 100 liters of gasoline or 100 liters of kerosene to be supplied to gas stations, and it becomes as follows:
The 1,000,000 barrels of oil x 100 liters of gasoline or kerosene = 100,000,000 one hundred million liters of gasoline or kerosene.
One liter of very regular gasoline and kerosene is sold inside Iraq at 450 dinars.
So, the state's imports of petroleum products (benzene - kerosene) only daily:
100,000,000 liters x 450 dinars = 45,000,000,000 billion dinars per day.
And it comes monthly:
45,000,000,000 billion dinars x 30 days = 1,350,000,000,000 trillion dinars per month.
And it becomes annually from oil derivatives:
1,350,000,000,000 trillion dinars x 12 months =
16,200,000,000,000 trillion and two hundred billion dinars annually, Iraq's imports of petroleum products (gasoline and kerosene) only.
And she continued: Where does this huge, hidden amount go, which is ignored by all the ministers who succeeded in the ministries of oil and finance, the majority of representatives and officials, and all of them did not dare to open this issue at all!
 
And she added: This amount, O Prime Minister and Minister of Finance, is sufficient to pay the salaries of all Iraqi employees from first to tenth grade for a period of two years, so do you have the courage to be frank with us and tell us about this enormous amount where it goes ?, not to mention the revenues of gas, aircraft gasoline, white oil and black oil Not to you about the non-oil revenues that cover the salaries of employees for years and provide services to all cities, governorates, and state sectors?
Zarzis indicated the waste of money with several questions as well:
1. Where are the revenues of the General Tax Authority ?!
2. Where are the revenues of the Ministry of Communications and Mobile Phone Networks ?!
3. Where are the revenues of the Communications and Internet Networks Commission ?!
4. Where are the revenues of the border crossings and customs departments at all ports ?! In our turn, we ask: Why open 24 border outlets in Kurdistan, of which one dinar has not entered the state, while it is closed in the center and south out of fear of the transmission of the Corona virus epidemic ?!
5. Where are the revenues of Iraqi airports and airlines ?!
6. Where are the revenues of the Municipality of Baghdad ?!
7. Where are the revenues of the real estate registration departments throughout Iraq ?!
8. Where are the revenues of the public traffic departments ?!
9. Where are the revenues of the Ministry of Electricity ?!
10. Where are the revenues of the water and sewage departments throughout Iraq ?!
11. Where are the revenues of the Ministry of Health ?!
12. Where are the municipalities' revenues in all governorates of Iraq ?!
13. Where are the revenues of the Ministry of Agriculture ?!
14. Where are the revenues of the Ministry of Water Resources ?!
15. Where are the state real estate rents ?!
16. Where are the revenues of ships and vessels transporting oil ??
She showed: It is time for you to stop wasting Iraqi money in each of the following angles:
1. Auction for selling the currency at the Central Bank of Iraq; Iraq's annual losses from it are estimated at 4 billion dollars!
2. Two billion dollars lost annually in the commissions of the Ministry of Commerce!
3. The staggering budgets of the two endowments: Shiite and Sunni!
Zarzis concluded its message by saying: What is important is that if these revenues were properly received by the state treasury, oil would have been a secondary resource for the Iraqi people and not a major resource.
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Deputy: Delayed salaries are a crisis fabricated by the government

14:04 - 10/03/2020
 
  
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 The information / Baghdad ..

The representative of the Al-Fateh Alliance, Fadel Jaber, confirmed, on Saturday, that state employees are not convinced of the government's justifications regarding delaying the payment of salaries and believe that the delay is a fabricated issue by the government to obtain the approval of Parliament for it to borrow again, calling on the Parliamentary Finance Committee to host the Minister of Finance to discuss the issue in detail and not repeat the delay in the future .

Jaber said in a statement to "the information", that "the majority of the Iraqi people depend in the conduct of their daily living needs on the salaries they receive monthly, as well as other segments that depend in their daily incomes from what employees and retirees spend by purchasing their necessary needs from the market and thus the part depends on the whole." .

He added that "the salaries of employees and retirees and the rest of the segments that receive monthly salaries from the government are not convinced of the justifications of the government," expressing his belief that "the delay is a fabricated issue by the government to obtain Parliament's approval for it to borrow again."

Jaber called for "the Finance Committee to host the Minister of Finance and in the presence of the Speaker and his deputies to discuss the issue in detail and not repeat the delay in the future." End / AD 25

https://www.almaalomah.com/2020/10/03/498175/

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Deputy talks about the main cause of the financial problem in Iraq

2020-10-03 | 05:04
Deputy talks about the main cause of the financial problem in Iraq
 
 
 
 
 
3,978 views
 
 


The representative of the National Approach bloc, Hussein Al-Uqabi, confirmed, on Saturday, that the financial problem in Iraq is a problem and a management crisis that led to this result, while noting that the financial crisis needs radical, responsible and conscious treatments with two dimensions, the first immediate and rapid and the second strategic.
 

Al-Aqabi said in an interview with Alsumaria News, "The financial problem is in Iraq It is a problem and a crisis management that led to this result, given that Iraq He has the capabilities and resources that, in the event of proper management, can achieve financial abundance for the state treasury, "noting that" the government, unfortunately, does not have any seriousness in dealing with these matters related to revenues. "
 
 
 
 
 

Al-Uqabi added, "Border outlets, customs, communications, mobile phone companies, oil derivatives, and investment in the oil sector are all doors that, in a properly managed, rational, mature and responsible state can generate 20-25 trillion dinars for the state's treasury per month," pointing out that "as a result of insistence on Following the same method applied previously, we have reached these negative consequences for which the citizen pays. "

He continued, "Mismanagement is another chapter in the problem, considering that when Parliament approved the borrowing last June at an amount of 15 trillion dinars, this matter was based on what the government presented that this amount covers the deficit in terms of necessary expenditures and salaries. But the government today is bankrupt, and this is evidence of mismanagement and the lack of a vision for the government to address this stifling crisis, "stressing that" in the event that this stereotype remains, the future will be unknown without any point of light at the end of the tunnel through which these confused policies have brought us into the holders of power throughout previous period".


Al-Uqabi stressed that "we need radical, responsible and conscious treatments with two dimensions. The first is that I am fast and secure the necessary needs of the Iraqi state, and the second is a strategy that secures liquidity and financial boom by raising the level of non-oil revenues in the general budget," noting that "these problems still exist and we are seeing Also, a new borrowing law is looming, and it is a pity that this situation remains. "

 

https://www.alsumaria.tv/news/اقتصاد/360304/نائب-يتحدث-عن-السبب-الرئيسي-للمشكلة-المالية-في-الع

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Iraq's oil exports to America exceed 3 million barrels within a month

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Baghdad ( NINA ) - The US Energy Information Administration announced, on Saturday, that Iraq's exports of crude oil to America amounted to 3 million and 17 thousand barrels during the month of September.

She said in her schedule, "Iraq exported one million and 617 thousand barrels of crude oil to America during the first week of September, at a rate of 231 thousand barrels per day, while it exported one million and 99 thousand barrels in the second week at a rate of 157 thousand barrels per day, while it did not export any quantity of Oil in the third week, "noting that" the fourth week witnessed the export of 301 thousand barrels at a rate of 43 thousand barrels per day.

She added that "Iraq came in sixth place after Canada, Mexico, Saudi Arabia, Ecuador and Colombia, and the second place in the Arab world after Saudi Arabia, whose exports to America during the month of September amounted to 7 million and 518 thousand barrels." Exports for the month of September are 87 million and 465 thousand barrels. "

It indicated that "Iraqi exports for the month of September decreased from the previous month of August, in which exports reached five million and 369 thousand barrels."

America is the most oil-consuming country in the world, as it ranked first with a consumption amounting to 19.4 million barrels per day, which constitutes 19.7% of the volume of global consumption. / End 8
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Deputy: The financial problem in Iraq is a management problem that needs radical treatments

Editing date: 10/3/2020 12:15  77 times read

Where's News_ Baghdad

, the representative of the National Approach bloc, Hussein Al- Oqabi, confirmed, on Saturday, that the financial problem in Iraq is a problem and a management crisis that led to this result, while indicating that the financial crisis needs radical, responsible and conscious treatments with two dimensions, the first immediate and quick and the second strategic.



Al-Aqabi said in an interview with Ayna News, "The financial problem in Iraq is a problem and a management crisis that led to this result, given that Iraq has capabilities and resources that, in the event of proper management, can achieve financial abundance for the state treasury," indicating that "the government, unfortunately, does not have it." Seriousness in dealing with and handling these revenue matters. "

Al-Uqabi added, "Border outlets, customs, communications, mobile phone companies, oil derivatives, and investment in the oil sector are all doors that, in a properly managed, rational, mature and responsible state can generate 20-25 trillion dinars for the state's treasury per month," pointing out that "as a result of insistence on Following the same method applied previously, we have reached these negative consequences for which the citizen pays. "

He continued, "Mismanagement is another chapter in the problem, considering that when Parliament approved the borrowing last June at an amount of 15 trillion dinars, this matter was based on what the government presented that this amount covers the deficit in terms of necessary expenditures and salaries. But the government today is bankrupt, and this is evidence of mismanagement and the lack of a vision for the government to address this stifling crisis, "stressing that" in the event that this stereotype remains, the future will be unknown without any point of light at the end of the tunnel through which these confused policies have brought us into the holders of power throughout previous period".

Al-Uqabi stressed that "we need radical, responsible and conscious treatments with two dimensions. The first is that I am fast and secure the necessary needs of the Iraqi state, and the second is a strategy that secures liquidity and financial boom by raising the level of non-oil revenues in the general budget," noting that "these problems still exist and we are seeing Also, a new borrowing law is looming, and it is a pity that this situation remains. "
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Parliamentary Finance: The government violated the law by spending huge sums of money from borrowing outside the legal framework

14:44 - 10/03/2020
 
  
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Information / Special ...

The Parliamentary Finance Committee announced, on Saturday, that the government is seeking to secure the salaries of employees in various ways to protect itself from legal accountability, indicating that the government has violated the law by spending huge sums of money from borrowing outside the legal frameworks.

A member of the Finance Committee, Abdul Hadi Saadawi, told / Al-Maamouma / that "there is a deficit of 20% to secure the salaries of the month of September despite the release of the retirement salaries."

He added, "The government is working to secure the deficit in various ways, including borrowing, and not opening the door for previous borrowing money for fear of legal accountability," noting that "Al-Kazemi and the Minister of Finance spent money outside the constitutional and legal frameworks."

He explained, "Among those funds is the launch of the sums of the investment budget for the Kurdistan region, although oil imports have not been delivered at a time when the southern governorates did not receive even the amounts of the operational budget."

https://www.almaalomah.com/2020/10/03/498180/

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Iraq, sixth in the world and second in the Arab world, revealed its oil exports to the United States in September

2020-10-03
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Yes Iraq: Baghdad

The US Energy Information Administration revealed today, Saturday, the volume of Iraqi crude oil exports to the United States during last September, reaching more than 3 million barrels.

The administration said in its statistics that “Iraq exported crude oil to America during the first week of September, one million and 617 thousand barrels, at a rate of 231 thousand barrels per day, while one million and 99 thousand barrels were exported in the second week, at a rate of 157 thousand barrels per day, while no amount of oil was exported. In the third week, "noting that" the fourth week witnessed the export of 301 thousand barrels at a rate of 43 thousand barrels per day. "

She pointed out that "Iraq came in sixth place after Canada, Mexico, Saudi Arabia, Ecuador and Colombia, and the second place in the Arab world after Saudi Arabia, whose exports to America during the month of September reached 7 million and 518 thousand barrels." These exports for the month of September amounted to 87 million and 465 thousand barrels.

She noted that "Iraqi exports for the month of September decreased from the previous month of August, in which exports reached five million and 369 thousand barrels."

And the Ministry of Oil announced last Thursday about the initial oil exports for the month of September, indicating that exports amounted to more than 78 million barrels and revenues of more than three billion dollars.

The oil marketing company “Sumo” affiliated to the ministry said in its statistics that the amount of crude oil exports for the month of September, according to preliminary information, amounted to 78 million 388 thousand and 619 barrels, with revenues of 3 billion, 167 million, 434 thousand and 617 dollars.

She added that the total exported quantities of crude oil from Basra amounted to 75 million barrels at a rate of 2500 barrels per day, with revenues of 3 billion and 36 million dollars, while exports from Ceyhan Al Turki amounted to 3 million 133 thousand and 834 barrels at a rate of 104 thousand barrels per day, while exports reached Jordan 254 thousand and 785 barrels, at a rate of 8.5 thousand barrels

https://yesiraq.com/العراق-السادس-عالمياً-والثاني-عربياً/

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Report: America caused an increase in malnutrition in Iraq 

13:30 - 10/03/2020
 
  
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The information / Baghdad ..

The Arab Post website ranked Iraq among the most short-lived countries, indicating that since the American occupation, malnutrition rates have increased by about 7%, a rate similar to that in African countries.
The site said, " Iraq has suffered to improve the average height of its population (160 centimeters) for both sexes, as a Norwegian study showed that since the outbreak of the war with the United States in 2003, the rate of malnutrition has increased by 7%, and is compared to many sub-Saharan African countries." .
He added that "the country that was prosperous at one time, becoming one of the third world countries, which has 400 thousand children suffering from malnutrition and therefore more vulnerable to diseases |"?
He pointed out that "approximately 5.6 million Iraqis depend on food supplies, and most of these food supplies are replaced by medicines that they also need equally."
In light of the ongoing civil war and internal conflicts, cultural customs were completely neglected, as well as the usual environment that fostered sympathy and respect for family ties.
Children now weigh less than 5 kilograms compared to the normal weight, and many of them remain bedridden due to all kinds of intestinal diseases as a result of unhealthy living conditions
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Former Minister: We will not be able to pay the salaries of employees in 2021 except with (divine intervention)

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Digital Media NRT

The former Minister of Youth and Sports and the resigned MP, Abdul Hussein Abtan, said Saturday that 2021 will be harsh on the Iraqi economy, indicating that oil and non-oil revenues will not be sufficient to pay the salaries of employees except by a miracle, stressing the need to develop practical plans and very professional management in crisis management .

"I am not pessimistic and I speak the language of numbers . The year 2021 will be tough for the Iraqi economy," Abtan said, in a Facebook post followed by Digital Media NRT today (3 October 2020) .

He added, "Oil and non-oil revenues will not be sufficient to pay the salaries of employees except by a miracle, which requires practical plans and very professional management in crisis management . "

AA

https://www.nrttv.com/Ar/News.aspx?id=33060&MapID=2

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 Cougar: The salaries of employees will not be deducted, and the judiciary rejected such a decision during the Abadi era

09:00 - 10/04/2020
 
  
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Information / private

A member of the Parliamentary Finance Committee, Jamal Cougar, explained that the salaries of employees will not be tampered with or deducted by the government, pointing out that the judiciary rejected such a decision during Al-Abadi's era as it was unconstitutional .

Cougar said to "the information", "The salaries of employees have not changed and have not been subjected to any reduction, and there is no intention to take such a measure at the present time ."

He added, "Former Prime Minister Haider al-Abadi took a step towards deducting 3% of the salaries of employees to support the Popular Mobilization Forces, and this was rejected and rejected by the Federal Court ."

He added, "The constitution, the law, and the Federal Court’s refusal to deduct and reduce the salaries of employees confirms that the government is not able to take any step affecting the salaries of employees or manipulating them." 25 n

https://www.almaalomah.com/2020/10/04/498269/

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Most notably, the specter of bankruptcy .. 5 fierce crises besieging the economy of Mesopotamia on the 88th Independence Day

 

Nearly 17 years after the 2003 war, Iraq finds itself caught between economic crises, escalating social unrest, and a state of increasing instability.

Although Baghdad is the second largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), oil revenues have not enabled Iraq to recover.
In light of the oil crisis, Iraq is trying to regain its position in the production of dates. 50 years ago, Iraq was on the throne of dates producing countries around the world, but it gradually lost this position and retreated to the ninth place in the world.
Until the sixties of the last century, Iraq possessed 75% of the world’s dates, but this percentage declined significantly with the decrease in Baghdad’s share of water, and the destruction of millions of trees from palm trees in light of the wars that Iraq has fought since 1980.
Amid these economic crises, Iraq is celebratingToday is October 3, National Day, which is the day the British mandate ended in 1932 and his admission to the League of Nations.

The World Bank expects that Iraq will record its worst performance in terms of annual GDP growth since the fall of Saddam Hussein's regime, in light of the outbreak of the Coronavirus pandemic, the oil price shock, the recent protests, the absence of reforms, and the inability to address corruption.
Oil Crisis Iraq has
been suffering due to low oil prices since mid-2014; Prices have fallen from an average of $ 100 a barrel to less than $ 40, meaning that a barrel has lost 60% of its value, as Iraq relies on oil to finance 97% of its government budget.
Despite the difficulties facing Iraq, it finds itself bound by the restrictions of reducing global oil production implemented by OPEC + countries, since the beginning of last May, as the coalition countries implemented a record reduction of 9.7 million barrels per day, or the equivalent of 10% of global production, after crushing Coronavirus is one-third of global demand.
As of August 1, the reduction was eased to 7.7 million barrels per day until next December.

Last August, Iraq reached its highest compliance rate in the past few years, but said it may need to extend the compensation period by two months, after months of production above the OPEC + target. Iraq
lost $ 11 billion in oil sales proceeds during the first four months of this year, due to the decline in oil prices, following the Corona virus crisis, according to the Ministry of Oil. The crisis continues

It seems that the oil price crisis will be prolonged in light of the high number of infections with the Coronavirus, and a recent World Bank report says that if oil prices are stable within the low $ 30 limits and no reform measures are taken, the World Bank estimates indicate that the budget deficit will exceed 29% Of GDP in 2020, and total financing needs will reach $ 67 billion (more than 39% of GDP). Iraq's oil
exports constitute 98% of foreign currency flows to the country, as oil constitutes 45% of the gross domestic product, and 93% of the general budget revenues. Investment flows, according to World Bank data, the financial crisis led to a halt in investment flows and a decline in confidence in the Iraqi economy, whether by the national or foreign investor, which caused a state of economic stagnation.


The large budget deficit increased to $ 19.5 billion in 2019, and to $ 57 billion in 2020 (equivalent to 70.6 trillion dinars), which represents the financing gap, while the total public debt reached $ 132 billion (internal and external debt).
This led to a decrease in government spending in the field of investment, especially in the oil industry, and to support investment projects in the housing, infrastructure, construction and services sector, and in the private and government sectors, which had a negative impact on the Iraqi economy. The number of unemployed increased, and the rates of poverty, unemployment and inflation increased.
Economy shrinkage
The World Bank estimates that Iraq 's economy will shrink 9.7% in 2020, in light of lower oil prices and the Corona virus, compared to 4.4% growth in 2019, registering the worst annual performance since 2003.

The World Bank says in a recent report that the Iraqi economy is not diversified and makes it difficult for it to create jobs in the private sector that must be created for the majority of young people.
Moreover, rampant corruption and poor service provision have fueled widespread protests across the country calling for improved public service delivery and job creation.
Monetary reserve
The World Bank indicated that bridging the financing gap in the Iraqi economy through local currency bonds will weaken the balance sheet of the Central Bank of Iraq, which creates pressure on the exchange rate, and then the inflation problem appears.
The associated deficit in the current account, which is estimated at 18.8% of GDP in 2020, may reduce the foreign exchange reserves in the Central Bank of Iraq to less than 3 months of imports by 2022, which increases the difficulty of the economic confrontation with external shocks. Such as fluctuating oil prices, foreign debts, employment and reconstruction, and others.
Securing salaries Iraq is
facing difficulty in securing the salaries of employees, according to statements by members of the Finance Committee of the House of Representatives, who indicated that securing salaries needs 6 billion dollars, at a time when the federal budget revenues reach about 4 billion dollars per month.
And oil revenues for the month of August reached 3.5 billion dollars. As for other revenues, they reach more than $ 400 million, according to a member of the House Finance Committee, Jamal Cougar, pointing out that "these funds are not sufficient to pay the monthly expenses and salaries of employees."

https://www.thebaghdadpost.com/ar/Story/202292/أبرزها-شبح-الإفلاس-5-أزمات-طاحنة-تحاصر-اقتصاد-بلاد-الرافدين-في-العيد-الـ-88-للاستقلال

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Control Committee: Be prepared for 'biting the wound' ... the salary crisis requires 'painful solutions'!

2020.10.04 - 09:50
Control Committee: Be prepared for 'biting the wound' ... the salary crisis requires 'painful solutions'!

 

Baghdad - People  

On Sunday, a member of the Committee to Monitor the Implementation of the Governmental Program, Muhammad Shiaa Al-Sudani, identified three components to achieve reform that would save the country from the suffocating financial crisis, calling on the government to "take bold decisions."  

Committee member Muhammad Shiaa al-Sudani said in a blog posted on "People" (October 4, 2020), that "before and after the formation of the government, everyone agreed to define its tasks in three matters, the first of which is to find a successful mechanism in managing the economic crisis, leading to results that alleviate its severity." At the same time, the citizen must confront the Corona pandemic that has arisen throughout the world and hovered over our country with its dilapidated health institutions.  

He added, "The second of them is to prepare the requirements for the election law and the High Commission; and to arrange the atmosphere for conducting fair elections that represent the people fairly. The third is to restore the prestige of the state and impose the rule of law in a way that restores life to normal, away from outlaws and the power of outlaw groups, and for elections to be held with a high flow. On the atmosphere of tension that fails any work, in addition to the importance of the economic aspect, which is the ruling pillar without which stability will not be achieved and no elections will be held.  

He explained that "the Iraq crisis is a complex crisis, as it is an economic problem that existed before Corona and before the protests of the popular movement, which coincided with the drop in global oil prices, and the reduction of production quotas and the repercussions of all the above on the Iraqi situation increased."  

He continued, "With a large segment of citizens who were waiting for solutions in the field of providing job opportunities and appointments, it was the best solution for the government, and from the first day; to present a speech in which enough transparency and clarity about the reality of the financial situation and the answer, as well as frankly about what reforms are required that bring us to Safety away from this crisis, while recognizing that trust between the state and the political forces holding power and the citizen is at its lowest level. "  

He pointed out by saying, "With the beginning of the government's work, shy signs of reforms appeared in which it tried to implement social justice, specifically on the issue of double salaries and aliens, and attention to border crossings, but it went on to present a draft law on internal and external borrowing as one of the solutions to ensure the payment of salaries, which was met by Parliament with approval on the condition of submitting a reform paper Within (60) days, its period expired on (8/26). This paper was not completed, which was supposed to include fundamental reforms that would address the defects in Iraq.  

He explained, "Once again, the problem of securing the salaries of state employees has arisen, in addition to the problem of delay, which represents the concern and the greatest concern of the Iraqi family, as there are more than (5) million families who receive a pension or a job and support about (30) million people, which exacerbates the popular crisis, specifically. In light of the continuing popular protests at the same time, the government was forced to withdraw the budget law after many objections to its provisions, prompting the Finance Ministry to ask the government and parliament to legislate a new borrowing law.  

Al-Sudani stressed the need for the government to "confront real decisions that express its vision of bearing legitimate and national responsibility, as it cannot remain bent on itself, thinking only about loans as a solution, which exceeded $ 120 billion in the absence of any practical step towards developing non-oil revenues and controlling spending." And providing job opportunities for the unemployed. The solutions may be painful, but the decision-maker has to think about the higher interest of the country.  

He stressed, "The decision to reform in a country like Iraq suffers from such a large number of problems must first be prepared for it a political incubator that supports the government in making decisions and secondly supported by an understanding popular environment that bites the wound and proceeds towards implementing these reforms and accepting them temporarily until the crisis is over. The importance of it is the existence of a government with bold and courageous decisions that set its sights on Iraq that is far from interactions that do not flatter any political party, whether internal or external, and does not depend on its decisions on electoral or media goals.  

He concluded by saying, "All these three components are capable of achieving the desired reform, and any other talk is a confusion for the scene and will not stop the financial and economic collapse that threatens the unity, security and stability of Iraq."  

  

On Sunday, a member of the Finance Committee in the House of Representatives, Muhammad Al-Darraji, commented on the statements of Finance Minister Muhammad Allawi on the employee salaries crisis.  

Al-Darraji wrote in a tweet on Twitter, followed by "People" (October 4, 2020): "In our hosting of the Ministers of Finance and Planning on September 10 in the House of Representatives about non-compliance with the borrowing law by submitting a reform paper, a pledge to submit a draft by the end of September and a final copy applicable in mid-October. ".    

He added, "Today, they did not submit a draft. They want to borrow again from the central bank’s reserves."    

  

Finance Minister Ali Abdul-Amir Allawi said that paying employees' salaries is a matter related to the House of Representatives voting on the borrowing law, stressing that this step will address the current deficit in the country.  

Allawi added, in a statement to the official agency, followed by "People" on Sunday (October 4, 2020), that "the salaries of retirees for the current month were launched without any problem, pointing out that the salaries and allowances of employees will be launched during the next few days or weeks."      

He added, "The amounts will be available if the House of Representatives approves the borrowing law," stressing that "the borrowing law is very important because it meets the financial needs of the state and addresses the deficit in the budget."      

  

The Parliamentary Finance Committee confirmed, earlier Friday, that the fiscal deficit is a temporary condition in Iraq, but the Minister of Finance has the powers to take immediate action.   

The committee's reporter, Representative Ahmed Al-Saffar, said in a statement to the official channel, followed by "People" (October 2, 2020), that "the current deficit is a temporary and embarrassing deficit for the government and parliament, because there is a slight deficit to finance the salaries of the month of September, which the government is late in paying." Noting that "in the event of waiting for the submission of the draft budget or the submission of a new loan law, the issue will be delayed by more than a week, 10 days, or maybe more, and this will lead to a lot of embarrassment."      

He added that "according to the public finance literature, the Iraqi constitution, and the Financial Administration Law, if there is a slight deficit, the Minister of Finance has the powers to take immediate action," indicating that "there are two types of debt; real fixed debt which results from a significant decrease in real revenues versus expenditures." The public deficit is a permanent and permanent deficit and it is called the fixed debt, but the current deficit in Iraq is a temporary deficit, and the debt is called a debt remaining in the public finances and it is possible to put up temporary treasury bills that express the existence of revenue but it is a delayed income. Future. "      

He continued, "Iraq does not have a financial crisis because it has resources, but the state and the government cannot access them, so the current deficit in Iraq is a temporary deficit, and the debt is a debt and the deficit can be paid in the future," indicating that he "proposed to get out of this distress." The great embarrassment for the government is for the Finance Minister to move to offer bills and immediate borrowing from Iraqi banks or the central bank to pay salaries. Then the move will take place a week later when Parliament starts its sessions and the normal situation in Baghdad returns after the forty-day visit.      

Al-Saffar pointed out that "the draft budget was delayed sending it to the House of Representatives, and there was only one night remaining in the Parliament's Office and it was withdrawn by the government until the Finance Committee did not see it. I do not know the reasons behind the withdrawal of the project and this embarrassment to the House of Representatives by the Ministry of Finance is never acceptable because The error and defect is the lack of monetary and financial policies in Iraq. All that exists is that they are waiting for debts and financing the operating budget. "      

Al-Saffar stressed that "the parliament is ready to hold any emergency session in order to solve the current crisis. It is possible to borrow immediately and then remedy the situation after a while because it is not correct that the employee waits for days without a salary and this is his only source of income."       

He pointed out that "there are two solutions; either submitting the draft budget as soon as possible until it is approved, or resorting to new borrowing if the government is able to obtain Parliament's approval because the issue of debt in Iraq has become in a very dangerous range and leads the Iraqi economy to the unknown."       

 
 
 
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Parliamentary Finance Committee: Borrowing ... near ruin and bankruptcy of the country ... and responsibility for salaries ... a purely governmental duty

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Baghdad / NINA / The Parliamentary Finance Committee has promised: borrowing ... will soon doom and bankrupt the country.

A statement by the committee stated that the Iraqi National News Agency ( NINA ) received a copy: We were surprised by a government bill for another borrowing, which if continued, Iraq would declare its bankruptcy within six months from now.

The committee added that: The government is trying to throw the ball in front of the House of Representatives and choosing between approving a borrowing that will soon lead to the destruction of the country, the bankruptcy of which the country will bear, and statements that try to pressure us to export it to salaries without the approval of the Council on that borrowing / to rent the Council and mixing papers.

The statement clarified that: The issue of salaries is not the responsibility of the legislative authority, and it is one of the purely governmental duties and one of the core of its obligations to its people, and that any attempt to throw the ball at the House of Representatives is to deny that responsibility and the obligations that the government must fulfill.
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One MP reminds the government of a previous promise and affirms: Parliament will not approve any new borrowing

11:29 - 10/04/2020
 
  
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The information / Baghdad ..
The representative of the Iraqi Forces Alliance, Manar Abdul Muttalib, confirmed, on Sunday, that if a new assumption paper is submitted, it will not be approved by the House of Representatives, noting that the Al-Kazemi government promised before the House of Representatives to secure the salaries of employees and retirees until the end of this year .
Abdul-Muttalib said in a statement to / information /, that "the Al-Kazemi government approved before the House of Representatives and recognized through several statements its ability to secure the salaries of employees and retirees until the end of this year."
She added that "borrowing will mortgage the country's economy and shackle future generations," stressing that "paying salaries is the duty of the government. As for talking about a deficit in the budget, it is resolved in another way through maximizing state revenues."
Abdul-Muttalib explained, "The House of Representatives will direct, during the next session, clarification from the Parliamentary Finance Committee about the reason for the delay in the salaries of state employees in addition to the government promises that it made to itself before the House of Representatives regarding salary security." Ended / 25 h

https://www.almaalomah.com/2020/10/04/498301/

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