Amidst continuing differences ... the Iraqi parliament holds a session to resolve the new election law

[yota691]

Representative Finance: The government can borrow and pay salaries before the law is enacted

Sunday 01 November 2020 33

 

  Baghdad: Shaima Rasheed

 

The Parliamentary Finance Committee confirmed that the government can borrow to meet the deficit in the salaries of employees for the month of October without waiting for the legislation of the 2020 budget deficit law, indicating that the government is missing one and a half trillion dinars to pay salaries.

Committee member Jamal Cougar explained to "Al-Sabah" that the government will resort to borrowing until Parliament legislates the budget deficit law because it is the only solution available to it, stressing that the law will pass to vote because everyone is fully convinced that the government should be granted the authority to borrow and the disagreement is limited to the amount no more.

Cougar added that the bill is still under study and there are meetings to be held around it and hosting central bank officials and other banks to learn their lending capabilities.

[yota691]

The "FAO Authority" law is pending approval

Sunday 01 November 2020 52

 

 

Baghdad: Muhannad Abdul-Wahhab 

 

 

The Parliamentary Services Committee confirmed its submission of a request to the Presidency of the Council of Representatives to enter as a committee specialized in enacting the "FAO Authority" law, as it is part of its work and to expedite its legislation.

Committee member Abbas Al-Atafi told Al-Sabah: "The proposed law has read the first reading and is still being enacted. It is one of the important laws that is considered an innovation and an outlet to advance and develop the process of economic and social development."

The law was presented in a new form before the House of Representatives, and the main economic city is considered the city of Al-Faw, and Al-Atafi says: "When the FAO has special authority for its decisions, it will provide many economic and investment aspects that are enormous for the country." Jordan, therefore, is one of the important and strategic laws for the recovery of the Iraqi economy, as well as the development of the city of Basra in light of the new data and the economic movement that occurs as a result of the construction of the large port of Faw.

The law was read by the Parliamentary Economic and Investment Committee, which prompted the Services Committee to submit a request to enter into its legislation as it is within its competence to expedite its legislation and put it up for discussion in the next sessions.

The law encourages investment, bringing technical, technical and scientific expertise, developing human resources, and creating job opportunities for Iraqis. Al-Atafi demands that the law be legislated quickly because it is considered an "investment mark and a true foundation for budget support and not relying on one party for revenue."

[yota691]

Parliamentary Finance sets the date for passing a decisive law to secure salaries

 2020-10-31 13:34

Shafaq News / The Parliamentary Finance Committee suggested, on Saturday, the passage of the borrowing law in the parliament next week, which is relied upon to fill the shortfall in employees' salaries.

The Iraqi government presented a bill to Parliament authorizing it to borrow an amount of 41 trillion dinars to cover the fiscal deficit for the remaining months of this year.

However, parliamentary sources told Shafaq News that Parliament will reduce the borrowing value to only 15 trillion dinars.

The committee's reporter, Ahmad al-Saffar, told Shafaq News that "there are great possibilities for approving the borrowing law next week, as there are no sessions for Parliament during this week."

On the date of salary distribution and the frequency of late payment, Al-Saffar replied that "the government is concerned with paying the salaries and the parliamentary finances. It is not concerned with that."

The Iraqi government is facing a stifling financial crisis that caused a delay in the distribution of employees' salaries for the last month, about 20 days, due to the lack of sufficient financial liquidity and the depletion of borrowing amounts allocated to secure salaries.

Parliament and specialized experts warn against resorting to borrowing due to the debts it leaves and heavy financial consequences that may extend for years due to the lack of a successful fiscal and monetary policy that is capable of dealing with crises.  

This is the second time that the government has submitted an authorization from Parliament to borrow money, after the first time it borrowed 15 trillion dinars domestically and $ 5 billion abroad.

The borrowing comes to fill the financial deficit in the country due to the drop in oil prices caused by the Corona virus crisis, as revenues from selling crude cover 95 percent of state expenditures.

 

[yota691]

Economy News publishes a second borrowing bill

 

Logo of the Ministry of Finance «Economy News»

money and business Economy News - Baghdad Economy News publishes the second borrowing bill that the government sent to Parliament and demands approval for its lending of 41 trillion dinars from October to the end of December. The borrowing bill includes all the items of spending, as the salaries of employees amount to 24.5 trillion dinars during the three months, while the salaries of retirees are 3.8 trillion dinars, and the payment of debts and interest is 4.8 trillion dinars. According to the bill, the government wants to allocate 655 billion dinars to buy medicines and 324 billion dinars to support the ration card. The bill also allocated 4.7 trillion dinars to pay off the Iranian debt, for the import of electric power and gas during the years 2019 and 2020.     You can view the bill by clicking here

Number of observations 267   Date added 11/01/2020

[yota691]

Parliament rapporteur determines the date for the resumption of sessions

 

 

374 Policy 11/01/2020 12:38 Baghdad today -

Baghdad The decision of the House of Representatives, Hoshyar Qardagh, said today, Sunday (November 1, 2020) that Parliament will resume its sessions next week. In an interview with (Baghdad Today), Qardagh said, "The House of Representatives held its sessions repeatedly last week, to compensate for previous sessions as a result of the Corona crisis, which disrupted work in all state institutions, including the House of Representatives." He continued, "The internal system of the House of Representatives requires holding 8 sessions every 30 days." He pointed out that "Parliament will resume its sessions next week, to exercise its legislative and oversight role." The House of Representatives adjourned its session at dawn on Thursday (October 29), after it voted on the electoral districts for Kirkuk governorate, without setting a date for its holding. During the coming sessions, the House of Representatives intends to vote on the borrowing law, which the Finance Ministry insists, to distribute the salaries of employees, while Parliament awaits the Federal Supreme Court law, for a vote, amid a raging political dispute between parliamentary blocs.

[yota691]

 

After the Iraqi finance position .. Parliament announces the date for voting on the borrowing law

 2020-11-01 14:15

Shafaq News / The Parliamentary Finance Committee announced, on Sunday, the date of the vote on the financing of the fiscal deficit (borrowing) law.

Committee member Jamal Cougar told Shafaq News, “The Parliamentary Finance Committee hosted the advanced staff at the Ministry of Finance to discuss the financing of the fiscal deficit law for the year called borrowing 2020.” 

Cougar added, "Parliament has completed the first reading of the law and will read the second reading after the resumption of sessions by the Presidency of the Council," stressing that "the end of next week is the date for the vote on the law."

Today, Sunday, Minister of Finance, Ali Abdul-Amir Allawi, announced that the salaries of employees will be paid directly in the event that parliament approves the borrowing law, and a two-week deadline was set for the payment of the salaries of last October in the event that this law was not passed.

 

[yota691]

Iraqi Finance pledges salaries to be paid with {new borrowing.

Accusations of the government of "flagrant violation of citizens' rights"

Tuesday - 17 Rabi Al-Awal 1442 AH - 03 November 2020 AD Issue No. [15316]

 

 

A clash in Basra the day before yesterday between the security forces and demonstrators demanding job opportunities and improving their living conditions (AP)

Baghdad: Fadel Al-Nashmi

With the Iraqi government's inability to provide salaries for the month of October (October) for public sector employees so far, statements by Finance Minister Ali Abdul-Amir Allawi regarding the financial disaster facing the government and making it unable to fulfill its financial obligations, sparked more feelings of anxiety and frustration among sectors A large Iraqi woman depends mainly on government salaries for her livelihood. Meanwhile, the High Commission for Human Rights considered the delay in paying salaries as a "flagrant violation of citizens' economic and social rights."
The Minister of Finance said in statements to the Iraqi News Agency, the day before yesterday, that the salaries of employees for the month of October «may be paid within days if the law on borrowing is not approved, but in the event of voting on it will be launched directly».
And since many parties in Parliament object to the issue of borrowing and do not wish to endorse it again after being approved for the first time last June, observers suggest the delay in paying public sector salaries for last October, this month and the coming months.
The Minister of Finance believes that «the House of Representatives has the right to demand a reduction in the amount contained in the (new) borrowing law, but this is the country's financial reality.» He pointed out that «the difficulty of controlling expenditures completely in light of the state’s building on a financially unstable base and expenditures based on unrealistic assumptions such as prices High oil ».
The House of Representatives had set a ceiling for the first internal borrowing of 15 trillion (about $ 14 billion) despite the Ministry of Finance objection, because it did not suffice to meet salaries and expenses until last September, which forced the ministry to request new borrowing with a higher ceiling of 41 trillion ( Less than $ 40 billion) to be able to plug the deficit in salaries and ruling expenses. Allawi revealed that "Iraq's external debts range from 60 to 70 billion dollars, and the internal debts are estimated at 60 trillion dinars (about 50 billion dollars)."
In turn, a member of the Finance Committee in Parliament, Ahmed Al-Hajj, questioned the government's inability to secure the salaries of employees. He said yesterday in a tweet on Twitter: “According to the data of the Oil Marketing Company (SOMO), the government has an amount sufficient to pay the salaries of the employees, but it wants to The issue of salaries makes a pressure card on the House of Representatives so that Parliament forgets that it must send the budget bill for two consecutive years (2020-2021) ».
Economic circles are talking about that the Iraqi government will be completely unable to pay the salaries of employees at the beginning of the new year with the current financial crisis and the possibility of a return to the new global closure wave due to the Corona pandemic.
The government of Prime Minister Mustafa Al-Kazemi is facing great popular pressure, whether from public sector employees or the armies of unemployed graduates, even at the level of human rights organizations. At the level of graduates, queues of protesters from various disciplines are still standing at the doors of ministries and official institutions to demand job and employment opportunities, and yesterday, the security forces resorted to dispersing a sit-in by health sector graduates in front of the Ministry of Health. Pictures circulated by activists showed a number of young men were injured and bruised as a result of the force used against them by the security forces.
Yesterday, the High Commission for Human Rights considered the repeated delay in paying employees 'salaries and social benefits as a "violation of citizens' economic and social rights." In a statement, the Commission expressed its concern about the consequences of the government’s failure to secure employee salaries, social protection benefits and pensions for the current month and subsequent months. She said that "delaying the payment of salaries or disbursing them at times other than those specified by law is a clear violation of basic rights that cannot be violated."
In turn, the Iraq Center for Legal Development submitted yesterday a proposal for the three presidencies that included 11 solutions to the current financial crisis. Among the recommendations raised by the center are to benefit from "10 percent of the sums transferred through private banks resulting from the currency auction, as tax and customs guarantees, and to benefit from the price difference by selling the dollar to banks at the rate of (1250) dinars to the dollar." Besides «following-up imports of oil derivatives sold by the Ministry of Oil to public and private fuel stations». The center also recommended "imposing an airport departure fee of $ 100 per person, imposing tax insurances on mobile phone companies at 20 percent in advance, and on oil companies by 10 percent, and privatizing all companies of the Ministry of Industry." The Center expected that the sum of the amount saved to the state as a result of the previous measures would reach more than 23 billion dollars annually.

[yota691]

Parliamentary warnings of a repeat of the experience of delaying and cutting the salaries of the region’s employees in Baghdad

 

Reconstruction and building Economy News _ Baghdad Deputy Yusef Muhammad warned, on Tuesday, against the repetition of the experience of delaying and cutting the salaries of the region’s employees by the federal government in Baghdad and the rest of the provinces, stressing that securing compensation for employees and workers in the public sector is one of the first obligations of the federal government. "The experience of delaying the salaries of employees in institutions affiliated with the federal government is very similar to the bitter 6-year-old experience of delaying and cutting the salaries of the region's employees and retirees," Muhammad said in a statement, a copy of which was received by "Al-Eqtisad News", indicating that "this failed experiment cannot Repetition in Baghdad and the rest of the provinces, as the regional authority did there. He added, "The federal government seems to be repeating such a wrong experience, by delaying the salaries of the employees two months ago, warning of the consequences of tampering with the employees' sustenance and dragging them into unimaginable consequences in the coming months." Muhammad indicated that "it is necessary for the Ministry of Finance to coordinate with the Finance Committee in the House of Representatives regarding the draft borrowing law, to bridge the financial deficit, and to reach effective solutions to the problem of lack of resources for the federal government, and resolutely fight corruption and return the money smuggled and stolen by the corrupt." He stressed "the unacceptability of reaching patchwork solutions, which thus leads citizens to pay the price of the economic and financial crisis afflicting the country at the present time," calling for "pressure on those who have accumulated enormous wealth over 17 years of corruption deals at the federal and regional levels."

Number of observations 84   Date of addendum 11/3/2020

[yota691]

New employee salary scale with lowered senior ranks

 

money and business Economy News _ Baghdad The Parliamentary Finance Committee revealed, on Tuesday, that the government plans to prepare a new salary scale law and reduce the salaries of higher ranks and special positions. The higher ranks are ministers, general managers in ministries, directors of government institutions in the governorates, and employees with the rank of director general. The committee's reporter, Ahmed Al-Saffar, said in a press interview that the new approach includes the difference between the salaries of employees in ministries and government departments and the higher and lower levels of employees. He added that "the law will include reducing the salaries of higher ranks and special positions, provided that it does not affect the salaries of lower-level employees." Al-Saffar pointed out that "the government approach will also include maximizing revenues and excluding unnecessary expenditures from the general budget." The government seeks to reduce the budget deficit following the decline in global oil prices and the lack of non-oil revenues.

Number of observations 88   Date added 11/03/2020

[yota691]

A new salary scale for employees in Iraq with a reduction in senior ranks and special positions

 2020-11-03 07:40

Shafaq News / The Parliamentary Finance Committee revealed, on Tuesday, the government's intention to prepare a new salary scale law and reduce the salaries of higher ranks and private positions.

The higher ranks are ministers, general managers in ministries, directors of government institutions in the governorates, and employees with the rank of director general.

The committee's reporter, Ahmed Al-Saffar, told Shafaq News Agency, that the new approach includes the difference between the salaries of employees in ministries and government departments and the higher and lower levels of employees.

He added that "the law will include reducing the salaries of higher ranks and special positions, provided that it does not affect the salaries of lower-level employees."

Al-Saffar pointed out that "the government approach will also include maximizing revenues and excluding unnecessary expenditures from the general budget."

The government seeks to reduce the budget deficit following the decline in global oil prices and the lack of non-oil revenues.

[yota691]

 

Parliament sends the election law to the presidency for approval

 2020-11-03 08:17

Shafaq News / Hassan Al-Kaabi, First Deputy Speaker of the Iraqi Parliament, signed on Tuesday the amended version of the Iraqi election law.

A parliamentary source told Shafaq News that Al-Kaabi had signed the amended version of the law to be sent to the Presidency of the Republic for approval.

The Iraqi Council of Representatives (Parliament) completed the end of last October to vote on electoral districts in the legislative elections law.

According to the new election law, the distribution of electoral districts is as follows: 17 in Baghdad, 8 in Nineveh, 6 in Basra, 5 in Dhi Qar and Sulaymaniyah, 4 in Babylon, Anbar, Arbil and Diyala, and 3 each in Kirkuk, Najaf, Salah al-Din, Dahuk, Diwaniyah, Karbala and Wasit And Maysan, and two seats in Muthanna .

The article on electoral districts was the most prominent controversial paragraph between political blocs, and it took months to agree on it .

And relies on the new election law to organize early parliamentary elections on the sixth of next June.

 

[yota691]

The agenda of the parliament session for next Saturday and begins with a bill to finance the fiscal deficit

•  Time: 11/03/2020 21:51:57
•  
•  Read: 4,706 times

  

(Baghdad: Al Furat News) Next Saturday, the House of Representatives will resume its regular session.

The session begins at twelve in the afternoon.
The agenda includes 12 articles that begin with the report and discussion of {second reading} the draft law on financing the fiscal deficit.
Ammar Al-Masoudi

[yota691]

In the document ... Sending the electoral law and the electoral constituency table to the Presidency of the Republic for approval

•  Time: 11/03/2020 19:26:23
•  
•  Read: 1,924 times

  

{Baghdad: Al Furat News} The first deputy speaker of the House of Representatives, Hassan Al Kaabi, sent the election law along with the constituencies list to the Presidency of the Republic for approval.

Last week, the House of Representatives approved the electoral districts for all provinces.
Ammar Al-Masoudi

[yota691]

 

A parliamentary-governmental agreement to pass a law paving the way for the disbursement of salaries

 

 

 2020-11-04 06:01

Shafaq News / An informed government source revealed, on Wednesday, that Parliament and the government reached the approval of a borrowing law that will pave the way for the payment of salaries of employees who are late for the month of October. 

It is customary to pay the salaries of employees, starting from the 15th of each month and until the 26th of the same month, but the government has delayed paying the salaries of last October until now, for the second consecutive month. 

Last month, the Iraqi government sent a draft law to borrow 41 trillion dinars (about 34 billion dollars) to Parliament for approval, with the aim of financing the deficit in paying employees' salaries for the remaining months of this year.

The government source told Shafaq News, "Parliament and the government have agreed to approve the borrowing law during the parliament session next Monday."

He added that the passage of the law will pave the way for the payment of employees' backlogs. 

This law comes to secure legal cover for the government, given that Iraq did not approve a budget for the year 2020 due to the decline in financial revenues due to the decline in oil prices in global markets due to the consequences of the Corona virus.

The government is struggling to secure employee salaries and other operating expenses, due to the decline in oil prices due to the Corona pandemic, which has paralyzed large sectors of the world economy.

Iraq relies on oil sales revenues to finance 95 percent of state expenditures.

[yota691]

Parliamentary Finance: Parliament will vote on 16 trillion in the deficit financing law

14:47 - 11/4/2020

 

  

Information / Special ...

The Parliamentary Finance Committee confirmed, on Wednesday, that the House of Representatives will vote on 16 trillion within the fiscal deficit financing law.

Committee member Jamal Cougar said in a statement to / information /, that "the House of Representatives will reduce the rate of exaggeration in the financing deficit finance law presented by the government," noting that "the reduction may reach 16 trillion and pass only to cover salaries and medicine."

He added that "the House of Representatives will not pass the law in the form that it reached from the government, which includes 41 trillion dinars," noting that "other expenditures are not necessary and the government must find another way to solve the financial crisis instead of relying on loans."

The deputy of the Al-Fateh Alliance, Qusay Abbas, confirmed, yesterday, Tuesday, that the money for the salaries of employees is available, but that the government is excusing the Parliament to pass the new borrowing law. Ended 25 T.

[6ly410]

 

11/4/2020 15:09

 

Finance Minister: Salaries will be paid next week, provided Parliament approves the borrowing law

https://almasalah.com/ar/news/200336/وزير-المالية-الرواتب-ستدفع-الأسبوع-المقبل-شرط-موافقة-البرلمان-على-قانون-الاقتراض

 

Baghdad / Al-Masala: The Minister of Finance, Ali Allawi, announced, Wednesday, November 4, 2020, that the ministry will be able to pay salaries at the end of next week if the borrowing law is approved in the parliament session next Monday.

Allawi said in a press statement followed by the "obelisk": We pledge not to repeat the delay in disbursing salaries if the borrowing is approved by the House of Representatives.

Earlier, Minister of Finance Ali Abdul Amir Allawi said, Sunday, November 1, 2020, that employees' salaries for October may be paid after two weeks if the deficit financing law has not passed, while noting that the majority of employees are not covered by the proposed deduction.

Allawi said in an interview followed by the obelisk, that the financial crisis that the country is going through is not a newborn today, and that reducing Iraq's share of oil exports has an impact on revenues.

He added that the options to maximize revenues quickly and in the short term in order to bridge the deficit are almost impossible, stressing that the current government faced the crisis without financial liquidity.

Allawi pointed out that the salaries of employees for the month of October may be paid after two weeks if the deficit financing law has not passed, considering that if the House of Representatives votes on the deficit financing law, salaries will be released directly.

He pointed out that the 41 trillion amount contained in the deficit financing law will secure salaries until the first two months of next year, pointing out that you are the majority of employees not included in the proposed deduction, but includes allocations for specific groups.

He added that the 2021 budget does not include job grades, but there is the possibility of investing in the degrees of deletion and creation, revealing a tendency to collect the retirement of workers in the private sector with national retirement with the unification of the years of retirement and deductions.

Follow the obelisk

[6ly410]

 

Parliamentary Finance determines the amount of the borrowing law .. How much is it?

 

http://www.alliraqnews.com/modules/news/article.php?storyid=103371http://www.alliraqnews.com

 

Editing date: 11/4/2020 15:38 • 100 read times

[Baghdadayne]
 

A member of Parliament has identified the amount specified in the law for borrowing, while noting that it is necessary to agree with the government to approve the borrowing law.

Committee member Shirwan Mirza said, "The approval of the bill depends on agreement with the government regarding the exact amount for borrowing in the law," indicating that "the law may be approved next week."
He added, "After the second reading, we take notes and meet with stakeholders in the Ministry of Finance and the Central Bank, to determine the amount," stressing, "The Council refused to approve the amount of 41 trillion Iraqi dinars specified by law."
He pointed out that "the most correct opinion in the Finance Committee is that the amount be between 10 to 15 trillion dinars, and the maximum is 20 trillion, in order to cover the necessary salaries and expenditures, and unnecessary expenditures are included in the draft budget law for 2021

[6ly410]

Parliamentary Finance: Iraq will collapse economically as the borrowing law has been passed

19:02 - 11/04/2020

https://www.almaalomah.com/2020/11/04/503476/

 

Information / Special ...

The Parliamentary Finance Committee confirmed, on Wednesday, that Iraq will face an economic collapse as the borrowing law has been passed in its current form.

A member of the committee, Ahmed Hama, said in a statement to "the information", that "the borrowing law presented by the government with 41 trillion Iraqi dinars, as it was passed, the country will be facing a major economic disaster and an unprecedented economic collapse," noting that "the government of Prime Minister Mustafa Al-Kazemi has failed in Preparing the budget bill for the year 2020. ”

He added that "the white paper presented by the government is old and what was contained in it are paragraphs previously mentioned by the International Monetary Fund and the World Bank," noting that "the government has failed in its reform program that it presented to the parliament and is trying to shirk its responsibilities towards employees and citizens."

The deputy of the Fatah Alliance, Qusay Abbas, confirmed today, Wednesday, that the financial crisis that the country is going through will continue for the next year. 25 T

[6ly410]

Parliamentary Finance: Parliament will vote on 16 trillion in the deficit financing law

14:47 - 11/04/2020

https://www.almaalomah.com/2020/11/04/503434/

 

Information / Special ...

The Parliamentary Finance Committee confirmed, on Wednesday, that the House of Representatives will vote on 16 trillion within the fiscal deficit financing law.

Committee member Jamal Cougar said in a statement to / information /, that "the House of Representatives will reduce the rate of exaggeration in the law on financing the fiscal deficit provided by the government," noting that "the reduction may reach 16 trillion and pass only to cover salaries and medicines."

He added that "the House of Representatives will not pass the law in the form it reached from the government, which includes 41 trillion dinars," noting that "other expenditures are not necessary and the government must find another way to solve the financial crisis instead of relying on loans."

The deputy of the Al-Fateh Alliance, Qusay Abbas, confirmed, yesterday, Tuesday, that the money for the salaries of employees is available, but that the government is excusing the House of Representatives to pass the new borrowing law. Ended 25 T

[6ly410]

Parliamentary Committee: The most corrupt borrowing law in Iraq's financial history

16:34 - 11/04/2020

https://www.almaalomah.com/2020/11/04/503449/

 

Information / Special ...

On Wednesday, the Parliamentary Legal Committee described the submitted government borrowing law as the worst in terms of corruption and financial history in Iraq , revealing in numbers the total expenditures and deficits.

A member of the legal committee, Hussein Al-Oqabi, told / Al-Maalouma / that "the total operating and investment expenditures for eight months from January to last August amounted to about 46 trillion dinars, while Al-Kazemi wants 57 trillion dinars for four months."

He added that "the amount of the financial deficit from the beginning of 2020 until August amounted to 11 trillion dinars only," noting that "the prime minister raised the deficit in half the past four months to 41 trillion dinars."

He explained that "what is happening is not arbitrary, but with careful planning," pointing out that "Al-Kazimi is putting pressure on the people by fighting them with their strength to push them to put pressure on the House of Representatives, using the citizen's strength to harpoon the political."

Al-Aqabi considered, "the Al-Kazemi government's financial policy is the worst in the history of Iraq ." Ended 25 f

[horsesoldier]

Hardly a surprise is it 😖