Parliamentary Finance: The current budget is the two-year budget, and this is the date for approval

[yota691]

Parliamentary Finance holds its 44th meeting to discuss the draft budget

•  Time: 02/09/2021 13:19:20
•  
•  Read: 2,067 times

  

 

Today, Tuesday, the Finance Committee held its 44th meeting, in which it resumed its discussions on the draft federal budget bill for 2021.

In a brief statement received by {Al Furat News}, the media department stated that "the Finance Committee held its 44th meeting at which it would resume discussions on the draft federal budget bill for 2021."

The Parliamentary Finance Committee had announced earlier that the government had delivered a revised version of the 2021 budget bill.

In a statement received by Al Furat News, the Parliamentary Finance Committee stated that it "discussed the draft budget law for 2021 in the presence of the prime minister, the ministers of finance, planning, oil, housing, reconstruction, municipalities, and works, and the Secretary General of the Council of Ministers."

The statement added that "the meeting included rewriting the budget strategy according to a comprehensive economic vision after what came from the government with a financial vision only." The statement indicated that "the Finance Committee handed over a copy of the adjustments made to the budget to the government."

According to the statement, the Finance Committee has conducted 302 hosting for various state institutions.

[yota691]

Regional Finance Minister: Salaries will be spent every 30 days

•  Time: 02/09/2021 16:03:56
•  
•  Read: 299 times

  

{Baghdad: Al Furat News} The Financial Committee of the Kurdistan Parliament held a meeting with the Minister of Finance in the regional government, today, Tuesday, to discuss the situation and financial data in Kurdistan.

The head of the Kurdistan Parliament’s Finance Committee, Ziyad Jabbar, said in a press statement that "the meeting also discussed steps to prepare a draft budget for the Kurdistan region, and that the Minister of Finance confirmed that the budget will be ready and will be sent to the Council of Ministers until the end of this month."

He explained, "The Finance Committee asked the Minister of Finance for clarifications about paying employees' salaries," stressing that "the Minister of Finance confirmed that salaries will be disbursed to Kurdistan Region employees every 30 days."

He pointed out, "The meeting also discussed the latest developments in the ongoing dialogues between the Kurdistan Regional Government and the federal government to settle the share of the Kurdistan region from the federal budget for 2021." 

Forgiveness Al-Khalidi

[yota691]

Kurdistan Union: The Finance Committee will present a new text regarding the region's share in the budget

Editing date: 9/2/2021 9:59 • 71 read times

http://www.alliraqnews.com/uploads/news/image/medium/story_img_602232c26f98c.jpg

[Baghdad-Where]
The Patriotic Union of Kurdistan confirmed that the Parliamentary Finance Committee in the House of Representatives intends to prepare a new text on the Kurdistan region’s share in the 2021 budget. A member of the House of Representatives from the Patriotic Union of Kurdistan revealed the details of the dialogue between the region’s delegation and the central government, stressing that the region’s delegation did not reach a dead end.
A member of the Patriotic Union of Kurdistan, Arzo Mahmoud, said, "The region’s delegation’s dialogues with Baghdad have not reached a dead end, but rather that there is an exchange of views, indicating that the Kurdish delegation will return at any moment to Baghdad, for dialogue and agreement on the region’s share of the budget and employees’ salaries. "
He pointed out that "the Finance Committee is preparing a new text, which includes handing over the value of exporting 250 thousand barrels per day and non-oil resources to the federal government and other paragraphs."
He explained that "the region's delegation categorically refused to hand over any oil field or hand over all oil resources or the oil file to the federal government."

 

[yota691]

Al-Bakhati: We entered the red lines in the budget ... and long debates are expected in the sessions to discuss it

•  Time: 02/09/2021 20:47:00
•  
•  Read: 3,575 times

  

{Baghdad: Al Furat News} The representative of the Al-Hikma parliamentary bloc affiliated with the Iraqi coalition, Jasim Al-Bakhati, announced that the federal budget for 2021 has entered the red lines.

Al-Bakhati said in a televised interview, "We entered the red lines from the budget, which is the issue of dealing with financial dues for the Kurdistan region." 
 He pointed out, "the existence of paragraphs and notes about raising the price of a barrel to secure the largest financial returns, and debates and long sessions of discussions will permeate the budget sessions." 
 Al-Bakhati added, "We cannot go towards other courtesies, which is a popular position. Wealth is the right of the Iraqi people, and the regional government must hand over the national wealth completely." 
 "We are concerned about the issue of election fraud and international interference," he concluded.
And the head of the Iraqi coalition, Mr. Ammar al-Hakim, stressed the importance of adhering to the time set for holding early elections and not bypassing it and the need for international monitoring from an Iraqi perspective, meaning that oversight is far from interfering in the executive affairs and violating the country's sovereignty, and the importance of the auditing company.
Wafa Al-Fatlawi

[yota691]

The dollar against the dinar ... A question about its value after the rise in oil prices

Economie

2021-02-09 | 14:22

 

 

9,553 Views

 

 

In a surprising move, the government came out with a decision to raise the exchange rate of the dollar against the Iraqi dinar, under the pretext that this step would contribute to filling the deficit in the 2021 budget, which the Iraqi street considered would negatively affect the poor in the first place.

After oil prices reached about $ 61 per barrel, observers called for a reduction in the selling price of the dollar against the dinar, indicating that the high price of oil could bridge the budget deficit.

Volatile oil prices
In this regard, the Finance Committee in the House of Representatives confirms that high oil prices will not be matched by a decrease in the value of the dollar against the Iraqi dinar.

 

Committee member Jamal Cougar said in an interview with Alsumaria News, "We cannot count too much on the rise in oil prices," noting that "these prices are fluctuating and unstable and may witness a decrease in the coming days."

 

"Therefore, we cannot rely on recent oil prices in the matter of reducing the dollar’s exchange rate against the dinar," he said.

 

Economic proposal
For his part, economist Diaa al-Mohsen believes that the problem lies in thinking that "oil is the only resource for the Iraqi budget, and this is a big mistake."

 

In an interview with Alsumaria News, Al-Mohsen presents an important proposal related to oil and its derivatives, as he says that "it is necessary to establish refineries that produce oil derivatives to be sold alongside quantities of crude oil," explaining that "the financial difference is large between selling crude oil and oil derivatives ... even if "Iraq was able to achieve self-sufficiency and export oil products. This will add to the state budget more than $ 60 billion a year."

 

 

In another context, the economist agrees with the decision to raise the value of the dollar against the dinar, but he depends on that on the condition that "the state supports the basic needs of citizens' lives, and works to provide life-saving drugs through the so-called" drug dollar "mechanism, stressing that the" medicinal dollar " It provides the citizen with the ability to buy medicines at reasonable prices. "

[yota691]

Deputy Speaker of Parliament calls for fair and equitable distribution of budget allocations

Economie

2021-02-09 | 12:53

 

3,120 views

 

The Second Deputy Speaker of Parliament, Bashir Al-Haddad, called today, Tuesday, to the necessity of approving the budget and distributing the allocations in a fair and equitable manner.

In a statement Alsumaria News obtained a copy of, the blacksmith office said that the latter "chaired part of the Parliamentary Finance Committee meeting regarding discussion of the Federal Budget Law in the presence of the chairman and members of the committee, where he called for the need to approve the budget and distribute the allocations in a fair and equitable manner."

 

 

 

Al-Haddad added, "It has been proposed to abolish the clause of salary cuts and tax deduction for employees and retirees from the federal budget law for the year 2021 and search for other alternatives in the sections of exchange within the budget, and to move the Iraqi market and encourage production and implement development and strategic projects to provide job opportunities."

 

With regard to the Kurdistan region’s share, Al-Haddad stressed the importance of "the budget being fair and meeting the needs of citizens in all governorates of Iraq, and the region's share file must be dealt with within the framework of the constitution and on the basis of the oil agreements between Baghdad and Erbil."

[yota691]

Parliamentary Finance is allocated to the port of Faw and votes on holders of bachelors degrees in the Interior and Defense

Tuesday 09 February 2021 - 21:54

Baghdad - conscious

The Finance Committee in the House of Representatives voted to reallocate 400 billion dinars for the construction of the Grand Port of Faw, as well as converting those holding a Bachelor's degree in defense and interior to civilian jobs.

The Media Department of the House of Representatives stated in a statement received by the Iraqi News Agency (INA) that, “Today, Tuesday, the Finance Committee held its forty-fourth meeting in which it resumed its discussions on the draft federal budget bill for 2021, in which it almost finalized the law. Before raising it to a vote in the House of Representatives. "

She added that "the committee discussed at the beginning of the meeting the file of foreign loans, which it has identified in the narrowest limits, including continuous and economically feasible projects, taking this step after a thorough study and hosting most of the government ministers and more than 300 government officials in various sectors and reviewing all data and reports of the Office of Financial Supervision ".

And the media department added, "The Finance Committee reviewed the report of the subcommittee on the Ministry of Transport, as it voted to reallocate 400 billion dinars to build the large Faw port."

She indicated that "the sub-committee for studying the file of the Ministry of Youth and Sports and studying its financial allocations and projects discussed the possibility of providing a financial allocation to complete important projects with high achievement rates so that they could see the light soon." Civil jobs in the two ministries. "

[yota691]

Parliamentary Finance: Today is our last and final meeting on the budget

 

- 02-10-2021 11:08 AM - Readings: 1307

 

The Finance Committee confirmed that, today, Wednesday, the final and final meeting on the budget will be witnessed, while it indicated the contentious article with Kurdistan that needs urgent consensus.

 

"We are waiting for the Presidency of Parliament to decide when to vote on the budget, while the contentious article between Baghdad and Erbil remains pending and needs urgent consensus," the committee's reporter, MP Ahmad Al-Saffar, said in a statement to the Tigris .

 

He added, "Dozens of items have been changed in accordance with the interests of the people, such as daily wages, preventing salary cuts and ending the budget deficit . "

 

Al-Saffar pointed out that "today, Wednesday, will witness the final and final meeting of the committee on the budget after the completion of its amendment to be sent to the presidency of the Council . "

[yota691]

The finance of the Iraqi parliament allocates an amount for the port of Faw and takes a decision on the graduates of two ministries

Part of the Parliamentary Finance Committee meeting

 February 10, 2021 1:14 PM

Mubasher: The Finance Committee of the Iraqi Council of Representatives, headed by Representative Haitham Al-Jubouri and in the presence of members of the committee and other parliamentary committees, held its forty-fourth meeting in which it resumed its discussions on the draft federal budget bill for 2021, in which it almost put the final touches on the law before it was submitted to the vote on Parliament.

The committee discussed, according to a statement issued by the Media Department of the House of Representatives, the file of foreign loans that it has identified in the narrowest limits, including continuous and economically feasible projects, taking this step after a thorough study and hosting most of the government ministers and more than 300 government officials in various sectors. All data and reports of the Office of Financial Supervision.

The Finance Committee reviewed the report of the subcommittee on the Ministry of Transport, and voted to reallocate 400 billion dinars to build the Faw Grand Port.

The special sub-committee reviewed the file of the Ministry of Youth and Sports, its financial allocations and projects, and discussed the possibility of providing a financial allocation to complete important projects with high completion rates, so that they would see the light soon.

The committee voted on the possibility of transferring bachelor’s degree holders in the Ministries of Defense and Interior to civilian jobs in the same ministries.

[yota691]

Representative economy: There is no change in the exchange rate of the dollar in the 2021 budget

15:03 - 10/02/2021

 

  

The information / Baghdad ..

A member of the Parliamentary Economic and Investment Committee, Salem Tahmir al-Tufayli, confirmed, on Wednesday, that the exchange rate of the dollar against the Iraqi dinar has been fixed in the 2021 budget as sent by the government.

Al-Tufayli said in a statement to Al-Maalouma agency that "the budget sent by the government is based on the exchange rate of 1450, and it has remained the same and has not undergone any change in the recent amendments."

He added, "The government wanted to put the House of Representatives in front of a fait accompli, which is fixing the price of the Iraqi dinar at a value of 1450 against the dollar, a decision that does not carry any economic justification." In the local market. ”

The economist, Wissam Al-Tamimi, believed, earlier, that there is no justification for keeping the dollar high in the local market, pointing out that the siege of the people must end before the street explodes due to mishandling of the citizen's pension. End / 25 H

[yota691]

The continuing disputes over Kurdistan’s budget share and the exclusion of passing it next week

by Editor Iraq news 41 Minutes ago

Parliamentarians confirmed the continuing political differences over the Kurdistan Region’s share in the General Budget Law, and they ruled out voting on it during the next week.

Deputy Muhammad al-Khalidi said that the Parliamentary Finance Committee and the political blocs failed to reach a political agreement with the Kurdish delegation regarding the settlement of financial dues between the federal government and the Kurdistan Region, stressing that the differences focused on the amount of a state that receives oil and non-oil revenues in Kurdistan to the state treasury.

[blueskyline]

Thank You Yota . GM DV's 

 

[yota691]

Parliamentary Finance holds its 45th meeting on the budget and weights that it will be the last

•  Time: 02/10/2021 12:32:06
•  
•  Read: 2,327 times

  

{Baghdad: Al Furat News} The Parliamentary Finance Committee held its meeting No. (45), at which it would resume its discussions on the draft federal budget bill for 2021.

Committee rapporteur Ahmed Al-Saffar said that today's meeting "may be the last. The committee may end its discussions on the budget, and the matter remains for the Presidency of the Council of Representatives to determine a session to present the budget to vote."
Al-Saffar suggested that the meeting would take place next week.
Ammar Al-Masoudi

[yota691]

Kurdish MP: The budget discussions with the government are over, and we are waiting for actions

•  Time: 02/10/2021 12:08:14
•  
•  Read: 3,016 times

  

{Baghdad: Al Furat News} A member of the Finance Committee, MP for the Kurdish blocs, Ahmed Hama Rashid, said today, Wednesday, that the Kurdistan region is still awaiting the opinion of the Shiite blocs on the draft federal budget law for 2021.

Rasheed told Al-Furat News that "discussions have ended between the government and the region, and all that remains is to wait for texts and actions."
He added that "the region presented a proposal to the government, and the last one included it within the budget," noting, "We are still waiting for the opinion of the Shiite blocs to approve the request or amend it."
A member of the Parliamentary Finance Committee expected "to present the budget next week inside the parliament."
The share of the Kurdistan region of the budget was estimated at first at more than 13.9 trillion dinars, although it was set at 12.67%, but the size of this share has not been determined with a specific amount so far, while the Parliamentary Finance Committee has reduced the size of the budget from 164 trillion dinars to about 127.5 trillion dinars, and raised The estimated price for a barrel of oil ranges from 42 to 45 dollars per barrel. 
The majority of the Shiite blocs in the House of Representatives demand that the Kurdistan region hand over the entire oil file and oil fields in it in exchange for the payment of financial dues to Kurdistan.
Article 11 of the draft federal budget law for the year 2021 stipulates: the settlement of financial dues between the federal government and the Kurdistan region for the years 2004 to 2020 after auditing them, and the Federal Ministry of Finance, starting from the year 2021, will download the debt installments of the Kurdistan region granted to it by the Iraqi Commercial Bank It is scheduled for ten years.
It also provides for the Kurdistan Regional Government to deliver 250 thousand barrels per day of crude oil produced from its fields, and to hand over oil and non-oil revenues to the state treasury exclusively, as well as to disburse the salaries of the Peshmerga for the year 2021 out of the allocations allocated within the region's budget and employees' compensation.

[horsesoldier]

Well yes, we’re ALL waiting 

[yota691]

The Kurdistan Regional Government responds to parliamentary finance questions regarding oil contracts

 

Document: The Kurdistan Regional Government’s Response to the Financial Committee’s Questions.

money and business Economy News - Baghdad The Kurdistan Regional Government responded to the Parliamentary Finance Committee's questions regarding oil contracts and the establishment of oil exported from the region. According to a document seen by "Al-Eqtisad News", the Kurdistan Regional Government responded to the questions contained in the House of Representatives / Finance Committee book number 1821 on 01/26/2021, as follows: First: Concerning the Kurdistan Regional Government’s readiness to review oil contracts, we would like to show that the Kurdistan Regional Government has practically begun reviewing its oil contracts and opened channels for re-negotiation with companies operating in the oil field within the framework of the oil file reform program. The regional government has no objection to reviewing oil contracts according to Provisions of the Constitution. Second: The Kurdistan Regional Government is ready to hand over the entire amount of oil exported from the region, provided that the federal government is committed to all oil obligations, including the cost of production, transportation, storage, and debts owed by the region related to the oil file. Third: With regard to the work of the Federal Office of Financial Supervision and Data Audit, the regional government confirms that it has no objection to conducting all audits of the region’s data in accordance with the mechanism stipulated in the provisions of Article 34, Paragraph Second, Clause B of Federal Financial Management Law No. 6 of 2019.

Number of observations 184   Date of addendum 02/11/2021

[yota691]

Parliament presidency talks about a rapprochement between Baghdad and Kurdistan in the budget file

 

 

563 Policy 02/11/2021 10:56 am Baghdad Today-

Follow-up Bashir Al-Haddad, Second Deputy Speaker of Parliament, confirmed today, Thursday (February 11, 2021), the existence of a rapprochement he described as "great" between the governments of Baghdad and Erbil, regarding the budget. Al-Haddad said in a press statement followed by (Baghdad Today), that "there is a great convergence of views between Baghdad and Erbil, and the discussions of the region's delegation with the Parliamentary Finance Committee were characterized by frankness, transparency and seriousness." He pointed out that "the region has submitted all data, numbers and information to the federal government, and a successful and fruitful meeting has been held between the Federal Office of Financial Supervision and the Office of Supervision in the region." He added, "One of the most important foundations that must be a gateway to finding serious solutions is invoking the constitution by all parties to define obligations and rights, and to continue dialogue and communication with the aim of finding solutions and not aggravating and deepening differences with the primacy of the supreme national interest and preserving national consensus and partnerships." Yesterday, Wednesday, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, confirmed that the region is negotiating with Baghdad according to the constitution, while he saw that the delivery of oil to the federal government is an unconstitutional demand. Barzani said in a press conference attended by (Baghdad Today): "We dealt in negotiations with the federal government in accordance with the constitution, and we have shown a full commitment to Baghdad." He stressed that "handing over all oil to the federal government is an unconstitutional requirement," adding: "We refuse to hand over all oil to the central government, because the region has obligations." He pointed out that "Iraqi political parties are struggling with each other to attract the voices of the street before the elections," calling on "the Kurdish parties to unify their position in the budget file." Barzani explained that the region "requested that the budget be transparent and in accordance with the articles of the Iraqi constitution," noting that "Kurdistan supports and supports the previous agreement that was signed with the federal government.

[yota691]

 

Parliament's finances speak of an "agreement" not to pass the budget separately from the Kurds

 

•  

 2021-02-11 04:32

 

Shafaq News / On Thursday, a member of the Parliamentary Finance Committee, Muhammad al-Shabki said that there is near unanimity and a political agreement not to pass the draft federal budget law for the year 2021 without compatibility with the Kurdish political forces.

The Prime Minister of Kurdistan Region, Masrour Barzani, said yesterday, Wednesday, during a press conference held after a meeting with his government team, that the general federal budget must be based on the constitution and benefit the Iraqi people in general, indicating that negotiations with Baghdad are still continuing.

Al-Shabaki said, to Shafaq News, "We are waiting for the completion of the consultations and meetings between the regional government delegation and the governmental and political parties in Baghdad, until a specific formula is agreed between Baghdad and Erbil and it is formally included in the budget law and then presented to a vote."

The provincial government delegation headed by Qubad Talabani, Deputy Prime Minister, returned yesterday, Wednesday, to the Iraqi capital, Baghdad, to start a new and decisive tour to finalize the agreement with the Parliamentary Finance Committee and the federal government regarding the region’s share in the budget.

Al-Shabaki also said, "There is no specific time for passing the budget or a specific time for an agreement between Baghdad and Erbil, and this matter may be after a day or a week."

Last December, Baghdad and Erbil reached an agreement on the financial budget, providing for the region to deliver 250,000 barrels of oil per day, and half of the border crossings and other revenues to the federal government, in exchange for a share in the budget of 12.6 percent.

The agreement was included in the draft budget, but Shiite political blocs reject the agreement, which hinders its passage in Parliament.

A member of the Parliamentary Finance Committee continued by saying that setting the date for approving the budget "depends on negotiations, and there is consensus not to pass the budget by breaking wills and without the Kurds. Everyone is waiting for a political consensus to pass the budget, and everyone does not want to repeat what happened in passing the fiscal deficit law."

On Wednesday, the head of the regional government expressed his rejection of the Iraqi political voices demanding that the oil file be handed over to the region completely in the hands of the federal government in Baghdad.

Masrour Barzani said in a press conference that Iraq is going through difficult circumstances and we requested to include the agreement between Erbil and Baghdad to deliver 250 thousand barrels of oil per day or to establish it with half of the crossings imports to the federal government.

He went on to say that our problem is not only the budget, but we have other problems such as sovereign expenses, retirement, peshmerga dues and investments.

Barzani stressed that the constitutional Article 140 has not yet been applied, adding, "We want now to address the problem of the Maronites and implement the last agreement that we reached."

And the Prime Minister of the Kurdistan Regional Government continued by saying, "We hear people saying that the region must hand over its oil file in full to Baghdad, and this is unconstitutional and we do not accept the violation of Kurdistan's rights."

[yota691]

Thursday 11 February 2021 | 01:09 PM

| Views: 140

Deputy for wisdom: the region’s position on the budget will create a great debate in Parliament

 

The MP for the Wisdom Movement, Jasim Al-Bakhati, confirmed, Thursday, that the presentation of the budget for the vote will witness a great division and debate inside the Parliament due to the obstinacy of the representatives of the Kurdistan region, it is likely that the budget will not be passed during the next week .

Al-Bakhati said that "the issue of not handing over the region's oil to the federal government will face the opposition of the majority in Parliament, and that the division and debates will be most intense when the opposition is presented to the vote ."

He pointed out that "the division and the debate will be presented not to pass the budget during the next week and even for the following week," likely "passing the budget by the majority if the region committed to deliver oil to the central government ."

[yota691]

Head of a block: special ranks and positions in the budget are close to the decisive

10:56 - 11/02/2021

 

  

The information / Baghdad
The head of the Irada Hussein Arab bloc revealed, on Thursday, that a paragraph in the 2021 budget related to the agency and grades deduction, indicating that the budget agencies and grades paragraph is the most appropriate option legally and politically.
”Arabs said in a statement to the information that“ the Council Representatives consider the file agencies and degrees of great importance.
He added that "the draft federal budget law for 2021 will determine the work of special grades and end the work of the proxy for a maximum period of three months from the date of voting on the budget."
And Arabs pointed out that "all political blocs aspire to complete the file of special degrees in accordance with the legal and constitutional frameworks."
The Al-Sadiqoun Parliamentary Bloc had earlier condemned the way in which the nomination was chosen for the list of names of special degrees, which included a number of figures who had been previously convicted of corruption, indicating that Al-Kazemi's nominations for some of the figures is one of the biggest doors of corruption. End / 25 h

[yota691]

A final round of the dollar and the Iraqi dinar in the budget .. Can the exchange rate be changed?

February 10, 2021

Ahmed Fadel

Journalist from Iraq

Representatives say the issue is settled in the 2021 budget (Getty)

 

 Ultra Iraq Editorial Team

Since the Iraqi government announced a change in the exchange rate of the dollar against the dinar as a result of the drop in oil prices, and what the Corona pandemic has produced on the Iraqi economy, the citizen, in addition to the merchant with various groups, is living a period of wandering in financial dealings, which resulted in a "good opportunity" for conflict between the exploiters For crises in such circumstances.

share

A member of the Finance Committee said that the dollar exchange rate has not been tampered with in the 2021 budget 

The value of the US dollar after the Iraqi government resorted to reducing the dinar, in an attempt to pull the country out of the financial and economic crises, reached 1450 dinars, after it had been stable at the threshold of 1200 dinars over the past years, which led to great losses, close to a quarter of the value of the Iraqi savings of money , As well as a quarter of their monthly salary.

Negative effects despite reassurances

Economic academic Jawad Al-Kaabi comments, in a statement to "Ultra Iraq," saying that "the decision to reduce the dinar has led to more impoverishment of the poor, bankruptcy and the suspension of small and medium businesses, due to the increase in the prices of food, medicine and imported production requirements by more than 30%, indicating that" and after each The damage that occurred The decision-makers (the prime minister, the minister of finance, and the governor of the central bank) continue to insist on their unfair decision for the right of the poor citizen and the productive business owners in the real economy. "

 

This comes at a time when the Iraqi government reassured citizens about the decision to reduce the value of the official currency, stressing that it "will not affect the classes that depend on local goods." Prime Minister Mustafa Al-Kazemi also cited during his speech at the Iraqi Council of Ministers session, in several countries, including "the Emirates And South Korea and Singapore when they made difficult decisions in the past to reform the economy.

Will the return attempts succeed?

A number of parliamentarians are calling for rallying pressure towards restoring the exchange rate to its previous position or reducing it to 130,000 as a compromise solution, while Deputy Nahida al-Daini, in a televised interview affiliated with Ultra Iraq, did not rule out an agreement between the leaders of political blocs to raise the exchange rate of the dollar. Against the Iraqi dinar, hoping to reduce the deficit in the country's general budget, noting that "the economic crisis will continue for the coming years with the absence of industry and agriculture," while parliamentarians say that manipulating the exchange rate is not within the powers of the House of Representatives.

A member of the Parliamentary Finance Committee, Sherwan Mirza, believes that “the exchange rate of the dollar has not been tampered with in the 2021 budget, given that the country's financial policy has been drawn on the price stated in the draft law, stressing that“ the exchange rate is within the authority of the government and we do not think it intends to change it in Her copy of the bill. "

Regarding the inclusion in the budget of the Finance Committee a paragraph regarding compensation to contractors in Iraq from the damage of the exchange rate, the expert, economist Ahmed Hathal, criticizes that step, indicating that "the greatest harm was on the shoulders of citizens, and the government should compensate citizens in the same way as compensating contractors, especially those covered by care networks." Social and low-income people. "

share

An economist says that the issue of the dollar exchange rate came as a result of conditions imposed by the World Bank on Iraq after discussions that lasted for more than a month before the decision

Hathal says to "Ultra Iraq", "The policy of raising the exchange rate to 1450 can be likened to a shock, and this policy is considered wrong to use because the economic situation did not allow this with the possibility of dispensing with the step and going to fight corruption in the financial pockets and outlets to save money, pointing to "Attempts to return the price to 130 thousand, which is currently being discussed, should not be accepted, as it would represent a new shock to the market and citizens regarding the debtor-creditor relationship."

Terms and conditions

In the end, the 2021 budget is approaching the date of approval next week, according to statements by MPs, and it seems that the issue of changing the exchange rate is impossible because the law was built on the basis of 1450 dinars to the dollar, with the price of a barrel of oil at 45 dollars.

 

And economic analyst Hussein Al-Askari confirms, "The issue of the dollar exchange rate came as a result of conditions imposed by the World Bank on Iraq after discussions that lasted for more than a month before the decision, indicating that" these conditions are in return for allowing an increase in currency exports abroad, and thus this represents another plundering process. After the damage to local goods and materials, whose prices have become very low, this weakens the national product. "

In his speech to "Ultra Iraq," Al Askari indicated, "There is some kind of truth in the movements of the representatives in the Iraqi parliament to return the exchange rate to the lowest level to preserve the purchasing power of citizens, as they depend on monthly and perhaps daily salaries and income, pointing to the need for Iraq to leave the issue of the economy. Rent-seeking and the end of dependence on abroad to import goods. Accordingly, the infrastructure must be rebuilt first, including the agricultural and industrial sectors. For example, the existence of the framework agreement between Iraq and China is the key to a solution available for implementation. "

Meanwhile, the Al-Fateh Alliance came out with a new position, to depend on the vote of its more than 50 deputies on the 2021 budget bill by adopting the dollar exchange rate of 119 thousand dinars, in addition to four other conditions demanding job grades and payment of dues to categories of free lecturers, at a time when MPs are demanding Their number exceeded 40 deputies by proposing a return of the exchange rate to 130 thousand dinars as a compromise solution to end the push and pull and conflict in the markets and stock exchanges.

With the movement of some political blocs in this regard, the Parliamentary Finance Committee confirms that the Iraqi dinar exchange rate against the dollar cannot be changed by the House of Representatives proposal or the signatures of parliamentarians.  

[yota691]

Member in Parliamentary Finance: The region’s share of the budget has not been decided and requires political agreement

•  Time: 02/11/2021 14:14:56
•  
•  Read: 2,301 times

  

{Baghdad: Al Furat News} A member of the Parliamentary Finance Committee confirmed that the share of the Kurdistan region has not been decided in the draft federal budget law for 2021.

Sherwan Mirza said in a press statement today, Thursday, that "the committee will meet again next Saturday to discuss the articles of the draft budget law," explaining that "the share of the Kurdistan region has not been decided yet."
He added, "The assigned share for the region in the budget for 2021, delivery of 250 thousand barrels per day, in exchange for ensuring financial benefits," noting that "in the event of opposition to some blocks, a new proposal must be brought."
Mirza stressed that "settling the Kurdish share requires a political agreement," noting that "the Kurdish blocs are unified regarding the fiscal budget for 2021."

[GreedyDinar07]

I won't get passed!! And what in the hell will the exchange rate do at 1300......that indicates to me they have no intentions of giving the people purchasing power! They are trying to get a loan from the IMF as we speak! Damn morons!!

[horsesoldier]

What a Circus 

[yota691]

Deputy: The share of Kurdistan will be decided before the 2021 budget is put to the vote

Political| 02:16 - 11/02/2021

 

 

 

 

BAGHDAD - Mawazine News
, Kurdish MP Hoshyar Abdullah confirmed, on Thursday, that the constitution is the decisive factor in resolving the outstanding problems with Baghdad, while indicating the possibility of resolving the region's share in the budget before voting on it.
Abdullah said, according to the official agency, that "the budget is a government vision for the financial administration and the Kurdish representatives so far with the government text," indicating that "discussions with Baghdad are still continuing on the 250,000 barrels, as well as the region's total imports."
He added, "We are with any constitutional proposals to solve the problem, especially with regard to the region's participation in maximizing the revenues of the federal authority."
The Kurdish deputy continued, "The understandings still exist with the blocs in Parliament and it was agreed to proceed with an agreement as a majority and not a majority, as happened in the fiscal deficit law," referring to "the possibility of reaching an agreement before voting on the law.