The Iraqi parliament votes on the financial financing law after marathon negotiations and the withdrawal of the Kurds

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The Iraqi parliament votes on the financial financing law after marathon negotiations and the withdrawal of the Kurds

by Moahmmad Editor Iraq news 3 Hours ago

The Iraqi Council of Representatives voted, at dawn today, Thursday, on the law of financing the financial deficit after the withdrawal of the representatives of the Kurdish blocs to reject the mechanism for determining the share of the Kurdistan Region.

The session was delayed until the hours of dawn Thursday, when Parliament lifted its 21st session held on Wednesday and began holding a new session to vote on the bill.

At the outset of the session, the Speaker of the Iraqi Parliament, Muhammad al-Halbousi, who presided over the session, indicated that "the law will go either by consensus or by majority."

Negotiations continued with the Kurdish blocs to persuade them to enter the hall and complete the required quorum, and after completing the vote on five articles (the first through the sixth except for the fifth that were omitted) and taking a break to perform the dawn prayers, the session resumed and a verbal altercation took place between Kurdish and Shiite representatives, after which deputies left Kurdish blocs hall.

On the other hand, the head of the Kurdistan Democratic Party (KDP) bloc in the Iraqi parliament, Vian Sabri, told Rudaw Media Network: “We participated in today's session based on promises from Al-Halbousi and a number of other deputies to postpone the paragraph on the Kurdistan region in the law on financing the fiscal deficit, but we were surprised by the presentation of the article to vote and the release of offenses that affect The region was imposed by some deputies, which prompted us to leave the hall, and after that, the law was passed with racist whims.

The financial deficit financing law, also known as the borrowing law, was passed and the session was adjourned after that. It is expected that the distribution of employees' salaries will begin Thursday or next week at the latest.

On Wednesday evening, the Finance Committee ended its discussions on the Fiscal Deficit Financing Law and raised it to vote in the House of Representatives session, where the amendments included a proposal to add several articles to the draft law, including determining the Kurdistan Region’s share of the total actual spending (current expenditures and investment project expenditures) after excluding sovereign expenditures “on the condition of commitment The Kurdistan Region will pay the oil exported from the region and in the quantities specified by the Iraqi Oil Marketing Company SOMO exclusively and the federal non-oil revenues.

Later, the reporter of the Finance Committee in the Iraqi Council of Representatives, Ahmed Al-Saffar, announced to Rudaw that the Kurds rejected the amendments made by the committee to the draft law on financing the financial deficit with regard to the share of the Kurdistan Region, indicating that there are political goals targeting the government of Prime Minister Mustafa Al-Kazemi and dropping it before Several blocs, headed by Al-Asaib (Sadiqoun), the state of law and the stream of wisdom, and he said: “We are trying to break the quorum to prevent the bill from being passed in its current form, hoping to reach a political consensus on the remaining months, and we are ready to hand over the revenues on the condition that each Kurdistan Region’s share of the total spending is sent Not the actual spending, and we seek to reach an agreement that satisfies all parties.

According to the text of the law, the value of the loan that the Minister of Finance grants the authority to borrow locally and abroad has been reduced from 41 to 12 trillion dinars, with 20% of it allocated to investment projects.
The new law, after the amendments of the Finance Committee, included estimating the revenues of the last four months of this year at 10 trillion and 500 billion dinars instead of 19 trillion and 719 billion dinars, and the committee also estimated the total necessary expenditures during the same period at 22 trillion and 500 billion dinars instead of 57 trillion and 811 billion dinars. Dinar.

Earlier, the Finance Committee in the Iraqi Council of Representatives held a meeting in order to reach an agreement on the draft law on financing the financial deficit submitted by the government in preparation for voting on it in Parliament, after the Iraqi Council of Representatives finished last Saturday, reading and discussing the draft law.

It is noteworthy that Ahmed Mulla Talal, spokesman for the Iraqi Prime Minister Mustafa Al-Kazemi, expressed in the weekly press conference his hope that the borrowing law would be passed in the Wednesday session, so that the government would start releasing the salaries of employees on Thursday, adding that "the law on financing the fiscal deficit will secure salaries for the coming months."

Last Monday, the Iraqi Prime Minister, Mustafa Al-Kazemi, met with the Parliamentary Finance Committee, and it was agreed that the government would speed up the distribution of salaries because the Ministry of Finance had enough financial storage to cover salaries.

In a tweet on his Twitter account, Al-Kazemi said: “Some people are trying to use the liquidity crisis as political material. However, joint understandings were formed between the government and the Parliamentary Finance Committee that the crisis is a product of accumulated mistakes and we chose to solve it through reforms of the White Paper.

Since it was granted confidence last May, Mustafa Al-Kazemi's government has been suffering from an economic crisis due to the drop in oil prices and the Corona pandemic, and that crisis has affected the salaries of employees.

Government employees in Iraq used to receive their salaries, starting from the 15th of each month until the 26th of the same month, but last September, the salaries of government employees were delayed for the first time due to the financial crisis by nearly 50 days, and the salaries of the month were not distributed. October so far, the retirement salaries have been distributed.

At the beginning of the cabinet session, last week, Prime Minister Mustafa Al-Kazemi directed the Ministry of Finance to find solutions urgently to pay the salaries of retirees, indicating that a law "covering the financial deficit" is awaited by the House of Representatives to begin disbursing the salaries of employees.

Iraq is going through a stifling financial crisis as a result of the collapse in oil prices, the Corona pandemic, and the repercussions of the unstable political situation in the country, amid the failure to approve the current year’s budget.

The Iraqi Minister of Finance, Ali Allawi, had said that if the House of Representatives voted on the deficit financing law, the salaries of employees would be released directly, indicating that the amount contained in the deficit financing law "will secure salaries until the first two months of next year."

The Iraqi government sent the draft law to bridge the fiscal deficit to Parliament on (October 11, 2020), as the passage of the bill by Parliament will enable the government to fill the fiscal deficit by resorting to borrowing, and it will replace the 2020 budget.

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Parliamentary Finance issues an explanation regarding the approval of the borrowing law and the amount borrowed

 

money and business Economy News _ Baghdad On Friday, the Finance Committee in the House of Representatives issued a clarification regarding the approval of the borrowing law, once again its objection to continuing to pursue a borrowing policy, while noting that the borrowed amount was reduced from 41 to 12 trillion dinars. "Despite the great effort made by the Parliamentary Finance Committee to reduce the government spending gap from 41 to 12 trillion dinars in the deficit financing law that was recently approved, we renew our objection to continuing to pursue an alternative borrowing policy," the committee said in a statement. On finding real and effective ways and reforms to increase revenues and reduce expenditures, and what motivated us to accept this limit of borrowing is people's livelihood and its strength represented in salaries, grants, subsidies, medicine, support for farmers, provincial projects and other expenditures that we believe are of utmost importance and which are inevitable ". She explained, "While this law included some applicable legal texts, which we believe may be the beginning of reforming some institutions and financial movements in the short term, we are working on providing an integrated vision for developing quick and realistic solutions to address the economic and financial deterioration they suffer from." The Iraqi state called on the government, with its various ministries and institutions, to adopt a policy that adopts economic feasibility as an attempt to achieve self-sufficiency, even if only partially, especially with regard to production or service ministries, and that it does not always make us face two options, either accepting the policy of borrowing or cutting off the livelihood of the people of our great people.

Number of observations 405   Date of addendum 11/13/2020

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The Iraqi President: The Fiscal Deficit Law was recognized in the absence of national consensus

Iraqi President Barham Salih

 13 November 2020 03:16 PM

Mubasher:  Iraqi President Barham Salih confirmed today, Friday, that the Fiscal Deficit Law was recognized in the absence of national consensus.

Saleh pointed out that the passage of the fiscal deficit financing law was necessary to secure the salaries of employees for the next three months, even though borrowing is not a sustainable solution, pointing out that from this standpoint we emphasize serious work in preventing the recurrence of the crisis of financing employees' salaries, as the borrowing law is not sufficient alone in the face of That crisis, and comprehensive reform policy in radical treatment and protection of employee salaries as a priority that cannot be tolerated, according to a statement by the Presidency of the Republic.

He continued, "It is regrettable that the law was passed in the absence of national consensus, specifically from the Kurdish component, which constitutes a negative precedent in political work, and that welcoming the provision of salaries for employees in Iraq cannot be complete without a solution to the salaries of their fellow employees of the region, who are Iraqi citizens. And they have their rights stipulated in the constitution. " 

He added: "In this context, we emphasize that citizens and employees are not responsible for the consequences of the political conflicts that brought us to where we are today, and the need to resolve the outstanding problems between the federal government and the Kurdistan Regional Government, specifically the oil file, should be resolved in accordance with the constitution and with transparency, and in a way that achieves justice." And citizenship rights for all Iraqis. " 

Saleh stressed that "the sensitive conditions that the country is going through require everyone to stand together and support and reject the language of sectarian and national strife. Our people have suffered for decades from the effects of that irresponsible discourse and incitement, far from the spirit of citizenship and the values of establishing a rational and strong state."

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Legal: There are two options before the region regarding cutting off financial majors

 11/13/2020

 

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Baghdad / Al-Mawred News

The legal expert, Ali Al-Tamimi, confirmed, on Friday, that the Kurdistan region has two solutions regarding cutting off financial specializations.

He said in a statement, "According to Articles 36 and 38 of the statute of the International Court of Justice, it examines differences between states or gives referendum consultations, as it does not deal with parts of states and its differences with states, as happened between Britain and its dispute with Argentina over the Falklands Island."

He added, "As for the law on financing the fiscal deficit that the parliament voted on, a promise that will be enforceable from the date of the vote on it, it does not need the approval of the president, ie the president of the republic, and the increases in this law with funds by Parliament form an increase in the amounts proposed by the government, and this contradicts the Federal Court’s decision in this regard. Affair. "

He added, "The Kurdistan region has two solutions. As for appealing to the Federal Supreme Court and waiting for its quorum to be completed after an amendment, it is the request that the decision be made in a timely manner with retroactive effect, or the problem is solved with the central government through negotiation and amendment of this law that was enacted."

 

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Al-Alusi to (Tigris): Al-Kazemi must reveal the banks that will be borrowed from

 

 

 

- 11-13-2020 07:39 PM - Readings: 350

 

 

 

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Saleh: It is regrettable to pass a law on financing the fiscal deficit in the absence of national consensus

Editing date: 11/13/2020 12:58 • 211 times read

http://www.alliraqnews.com/uploads/news/image/medium/story_img_5fae58b7c23d8.jpg

[Baghdad_in]
The President of the Republic, Barham Salih, confirmed today, Friday, that the passage of the fiscal deficit financing law is an important step to secure the salaries of employees.

Saleh said, "The passage of the law on financing the fiscal deficit was necessary to secure the salaries of employees for the next three months, although borrowing is not a sustainable solution."
He added, "From this standpoint, we emphasize the serious work in preventing the recurrence of the crisis of financing the salaries of employees. The borrowing law is not sufficient alone in facing this crisis, and a comprehensive reform policy in the radical treatment and protection of employees' salaries must be adopted as a priority that does not tolerate tolerance."
Saleh added, "But it is regrettable that the law was passed in the absence of a national consensus, specifically from the Kurdish component, which constitutes a negative precedent in political action."
He pointed out, "Welcoming the provision of salaries for employees in Iraq cannot be complete without a solution to the salaries of their fellow employees of the region, who are Iraqi citizens and have their rights stipulated in the constitution."
He stressed, "The citizens and employees do not bear the consequences of the political conflicts that brought us to where we are today, and the need to resolve the outstanding problems between the federal government and the Kurdistan Regional Government, specifically the oil file, must be resolved in accordance with the constitution and with transparency, in a manner that achieves justice and citizenship rights for all Iraqis." .
He stated that "the sensitive conditions that the country is going through require everyone to stand together and support and reject the language of sectarian and national strife. Our people have suffered for decades from the effects of that irresponsible rhetoric and incitement, far from the spirit of citizenship and the values of establishing a rational and strong state."

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The presidencies of the region meet to take a unified position on the borrowing law

•  Time: 11/15/2020 14:13:30
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•  Read: 1,157 times

  

{Baghdad: Al Furat News} The meeting of the three presidencies was held in the Kurdistan region to discuss the House of Representatives vote on the fiscal deficit law {borrowing} without taking into account compatibility with the Kurdish blocs, and the resulting Kurdish objections.

The meeting was launched in the presence of the region’s president, Nechirvan Barzani, the speaker of the region’s parliament, Rewaz Faiq, and Deputy Prime Minister Qubad Talabani, as it is expected that this meeting will produce a common position on the law.
The meeting was limited to the presidencies if the Kurdish representatives in the government and parliament did not attend, as most of them were not present in the region, according to an informed source.
The House of Representatives voted at dawn last Thursday on the fiscal deficit law, which provides salaries for employees and workers in the public sector for the last three months of this year, after the federal government was unable to pay it due to the collapse in oil prices due to the outbreak of the Corona epidemic.
The head of the Kurdistan Democratic Party, Massoud Barzani, and the three presidencies condemned the position of Parliament in statements, stressing at the same time the need to resolve differences and outstanding issues between Erbil and Baghdad.
The Kurdish blocs withdrew from the dawn session on Thursday after Parliament refused to include the salaries of the Kurdistan region in the loan law.
Ammar Al-Masoudi

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Barzani sends a message to Baghdad about the borrowing law

Policy

2020-11-15 | 08:51

 

4,386 Views

On Sunday, the President of the Kurdistan region, Nechirvan Barzani, sent a letter to the central government in Baghdad regarding the borrowing law, while he described the law as a "punishment" against the region's residents.

He said in a press conference held today, after a meeting of the three presidencies in the region, which was followed by Alsumaria News, that "the region is ready to agree with Baghdad on the delivery of oil imports and border crossings," calling for "international intervention on the borrowing law."

 

 

Barzani described "the law as a collective punishment on the people of the region," noting that "Kurdistan has no choice but to dialogue, and Baghdad must abide by its duties."

 

He continued that "Baghdad took advantage of the region’s inability to request foreign loans," noting that "our problem is not with the Iraqi government, but with the blocks supporting the borrowing law in this current form."

 

He stressed that "whoever wants stability should sit at the dialogue table."

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Barzani in a message to Baghdad: We are ready for an agreement .. Our problem is not oil!

15 November, 2020 | 4:03 PM   -   Readings: 46 views

 

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The Iraqi position network
 

 

Today, Sunday, the President of Kurdistan, Nechirvan Barzani, described the Iraqi parliament’s approval of the fiscal deficit law “borrowing” without compatibility with the Kurds as “a punishment against the region’s residents,” while expressing his willingness to agree with the political forces in Baghdad, “However, the problem is not oil.”

Continued ..

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Parliamentary Finance reveals a decline in the reserves of the Central Bank to 35 billion dollars

16:32 - 11/15/2020

 

  

Information / Special ...

The Parliamentary Finance Committee revealed, on Sunday, that the Iraqi reserve in the Central Bank of Iraq has decreased to 35 billion dollars after the withdrawal of the second loan by the government.

A member of the Parliamentary Finance Committee, Abd al-Hadi Saadawi, said to "the information" that "the reserves of the Central Bank of Iraq before the vote on the loan amounted to 51 billion dollars."

He added that "the second loan voted by the House of Representatives pushed the government to withdraw 12 trillion dinars," noting that "the reserve has decreased to 35 billion dollars."

He explained that "the government has made Iraq in a difficult position and has ahead of the remaining months of this year to take urgent steps to advance the economy to preserve the remainder of the reserves of the Central Bank of Iraq."

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The Kurdistan Presidency announces its readiness to agree with Baghdad on the delivery of oil

16:17 - 11/15/2020

 

  

The information / Baghdad ..

The President of Kurdistan, Nechirvan Barzani, announced, on Sunday, that his government is ready to sign an agreement with Baghdad on oil.

Barzani said in a press conference held today, after a meeting of the three presidencies in the region, that “the borrowing law was used for hostility against the Kurds,” indicating that “our message to the Iraqi political forces is that the Kurdistan region is ready to agree with Baghdad on the issue of oil and all issues because our problem is not Oil, but other problems that, without solving them, can stabilize Iraq . "

The meeting of the three presidencies ended shortly before to discuss the current situation in the Kurdistan region and the implications of the approval of the law on financing the fiscal deficit by the House of Representatives. 25 S.

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The President of the Kurdistan Region: We are ready to agree with Baghdad on the delivery of oil imports and border crossings

 

 

422 Policy 2020/11/15 15:49 Baghdad today -

Kurdistan The President of Kurdistan, Nechirvan Barzani, confirmed, on Sunday (November 15, 2020), the region's readiness to agree with Baghdad on the delivery of oil imports and border crossings. Barzani said, in a press conference, followed by (Baghdad today), that "Erbil is ready and ready to reach an agreement on the delivery of the region’s oil and the revenues of the border crossings to Baghdad. He added, "The Kurdistan region has never evaded responsibility," noting that "our problem with Baghdad is not just oil." On the other hand, Barzani said, "We demand the intervention of the United Nations Organization to intervene to solve the problem of regional salaries," noting that "the approval of the deficit financing law is a collective punishment." Barzani stressed, "The region's readiness to agree with Baghdad on the delivery of oil imports and border crossings," noting that "our problem with Baghdad is not only oil." He explained, "The Iraqi government had to commit to the region’s employees as part of the Iraqi employees, and we are ready for dialogue with Baghdad." He pointed out that "today's meeting was to assess the situation after the parliament voted on the deficit financing law," noting that "the deficit financing law is inconsistent with all the principles on which the new Iraq was founded."

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A legal expert confirms it: The President of the Republic cannot stop the implementation of the borrowing law

08:42 - 11/15/2020

 

  

 

Information / private

The legal expert, Ali Al-Tamimi, confirmed that the President of the Republic cannot stop the implementation of the borrowing law that Parliament voted recently, pointing out that the decision entered into force after the parliament voted on it.

Al-Tamimi said to / the information /, that "the loan financing law voted by the parliament is considered effective from the date of voting on it in Parliament, as stipulated in the law, as this does not require approval by the President of the Republic in accordance with Article 73, Paragraph III of the Constitution."

He added that "the executive authorities are obligated to directly implement the law after the parliament votes and the salaries are released from the moment of the vote and not from the date of approval of the President of the Republic, as he does not need that approval."

And that "the law on borrowing is excluded from the approval rule, and Parliament can, as a legislative authority, make laws enforceable from the date of voting on them." 25 n

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Deputy: Basra exports two million barrels of oil, its share of toxic gases, and Kurdistan has the benefits and imports

18:57 - 11/15/2020

 

  

Information / Special ...

The deputy from Basra Governorate, Abdul Amir Al-Mayahi, confirmed, on Sunday, that the borrowing law did not affect the rights of the Kurdish people, indicating that Basra exports two million and 300 thousand barrels, and Kurdistan has its benefits and imports.

Al-Mayahi told Al-Maalouma that "the negotiation session on the borrowing law lasted 20 hours with the Kurdish parties for the purpose of convincing them without prejudice to their rights and we did not reach a solution with them."

He added that "the Kurdish blocs did not look at the rest of the provinces of Iraq, but only for their interests," noting that "the description of passing the law as a challenge to the Kurds is unfair and there is no injustice to the rights of the Kurdish people, but the region's administration is not transparent.

Al-Mayahi explained that "Basra exports two million and 300 thousand barrels and only gets poor services and toxic gases. Kurdistan has its benefits, imports and oil, and Baghdad has nothing to do with it and they want to seize a share of the loan."