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


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A member of the Parliamentary Finance Committee, Sherwan Mirza, said today, Thursday, that there is a breakthrough in the crisis between Baghdad and Erbil regarding the budget, but he indicated the difficulty of satisfying all parties.

 

Mirza said in a statement to "Tigris", "During the past few days, there has been some relief in the crisis of determining the proportion of Kurdistan, and in the event that an agreement is reached, the budget will pass during the next week "

 

He added, "Parliamentary Finance has started its work this afternoon to discuss recent budget adjustments and set figures, as well as discuss Kurdistan's share "

 

Mirza pointed out that "the conclusion of the budget discussions in a satisfactory manner for everyone is very difficult, but it will be important and articulated for all, especially in service and investment projects "

 

A representative source told the "Tigris" today, Sunday, that the deputies of the Kurdish Finance Committee had informed its presidency that the Kurdish blocs would boycott the voting session on the budget unless paragraphs 10 and 11 were included and the Kurdistan’s share was fixed at 12.67% of the budget, in addition to handing over 250,000 Barrel for Sumo.

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Editing date: 2/14/2021 15:59 • 31 times read
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[Baghdad-Where]
The Parliamentary Economic and Investment Committee announced today, Sunday, the agreement to include a paragraph to increase the capital of government banks in the draft federal budget law for the fiscal year 2021.
The committee stated in a statement that it "hosted, in the presence of the First Deputy Speaker of Parliament, Hassan Karim Al Kaabi, directors of government banks and a representative of the Central Bank of Iraq to discuss the mechanism of banks' work and the extent of their contribution to economic development and discuss the implementation of the Iraqi Central Bank’s initiative of five trillion dinars, which includes the sectors of industry and agriculture And housing and directing it in a manner that serves the economic development of the country and moves the wheel of the economy, in the presence of a number of deputies of the Economic and Investment Committee, to discuss the mechanism for implementing the initiative.
The head of the committee, Ahmed Salim Al-Kinani, said, according to the statement,
Al-Kinani added, "The bureaucracy that governs state institutions has delayed this initiative, which has lost a large part of its economic goals," explaining that "the Economic and Investment Committee, and with its legislative and supervisory work, believes that there is a weakness in the mechanism of implementing this initiative, especially in the industrial and agricultural sides, which are the two important aspects that must be That we focus on them in the initiative as they are the main drivers of all economic activities in the country and its weakness lies in the lack of funds allocated to it within the initiative in addition to the great complications in terms of the required guarantees and this reduces the chances of the success of the initiative within these two sectors while we see that the initiative is heading to the housing loan, which is the purchase Housing does not stimulate speculators in small real estate and lead to competition for small real estate, rather than moving towards building housing that stimulates large sectors of the economy and employment of the labor force. "
He stressed, "It was agreed to approach the Finance Committee to include in the general budget a paragraph concerning increasing the capital of government banks in a manner that qualifies these banks to carry out their economic and development tasks." The first priority is for factories inside Iraq to ensure the continuity of production and non-stop, as well as the guarantees required for loans for industrial projects that must take into account the percentage of the loan from the required guarantee of real estate.
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Editing date: 2/13/2021 20:09 • 99 read times
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[Baghdad-Where]
An expert in political affairs, Saleh Al-Mafraji, said on Saturday that “the political blocs have entered the budget in the category of consensuses and their passage will be conditional.
Al-Mafraji said that “the political blocs mortgaged all the affairs of the process to consensuses, win bets and collect the largest possible amount of spoils,” indicating that “even the budget that affects the interests of the common people, most of whom are simple people and view it as a“ stick ”of the balance of economic life in the country, they made it within Portal Harmonization.

He added, "It is not possible to hold a parliament session to vote on the budget during the current week, as indicated by the Finance Committee because it is simply a matter of concessions," noting that "the discussions on the budget will remain in a vicious circle at the present time because the data indicates the intensification of the crisis between the blocs." "It is impossible for them to reach an agreement on the voting session."

He explained, "The needs of the leaked information reveal the demands of some blocs in certain positions in the next session before announcing their approval to pass the budget."

He pointed out that "all this remains and Kurdistan remains the knot of the crisis and the reason for the delay in announcing the agreement with the conditions of Baghdad, which are among the usual conditions and within the framework of federal law."
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Monday's newspapers follow the most prominent amendments to the draft budget law, the disagreements with the region regarding them and the expected date for approval

887850-b5900aa5-59a1-4285-bc5c-d9d89f4a0
Baghdad / NINA / The newspapers published in Baghdad today, Monday, the fifteenth of February, followed the most prominent amendments to the draft budget law and the disagreements with the Kurdistan region regarding them .. and the expected date for approval in the House of Representatives.

Al-Zawra newspaper, issued by the Iraqi Journalists Syndicate, said: "The Parliamentary Finance Committee revealed its most prominent amendments to the 2021 budget bill, and while it identified the most important differences between the center and the region, it favored the approval of the budget bill this week."

A member of the committee, Representative Shirwan Mirza, said in a statement to the newspaper: "The House of Representatives has not returned the 2021 budget bill to the government. The Finance Committee, during its last meeting with the Prime Minister, presented the amendments it had made to the budget."

Mirza added, "The adjustments made to the budget include reducing expenditures from 164 trillion dinars to 127 trillion, as well as reducing revenues and the financial deficit, as well as changing the price of a barrel of oil from $ 42 a barrel to $ 45," stressing the rejection of the article on deductions from employees.

He explained that: "The expenditures of the three presidencies and ministries have been reduced by rates ranging between 20% and less, and sometimes more, each according to the ministry and agency, with the aim of squeezing unnecessary expenditures, increasing revenues and reducing the financial deficit." It is likely that the budget will be approved in the House of Representatives this week after some completion Controversial matters, especially between the center and the Kurdistan region.

On the agreement between the center and the Kurdistan region, Mirza said: "So far, the two sides have not reached any agreement regarding the region's share of the budget."

Regarding the differences with the region, the New Sabah newspaper said: "The Finance Committee in the House of Representatives confirmed that the Kurdistan Regional Government has provided all information on its oil contracts, and that the dialogues are continuing with it to reach a consensus text that can be voted on in the budget by consensus this week."

The committee's rapporteur, Ahmad Al-Saffar, said in a statement to Al-Sabah Al-Jadeed: "Everyone should realize that we are voting on a budget for Iraq in full, and it is assumed that the public interest will prevail and political differences are kept away."

Al-Saffar added, "The House of Representatives has previous experiences in this electoral cycle or before it, regarding the passage of the budget by majority, amid the disagreement with the Kurdistan region, and we hope not to repeat it."

He pointed out: "The repeated visits made by the delegation of the region to Baghdad, where it met with the Finance Committee together and separately, on four occasions, and this is the first time that such meetings are held with the House of Representatives, and that the delegation provided all the information it had regarding producing and exporting oil wells. The daily incoming is about export and the quality of the contracts concluded, and these are documented by reports from accredited international organizations.

While the newspaper quoted a member of the committee, MP Ahmad Hama Rashid, "The budget is in its final stages after we performed a complete reformulation of the items included in the government project."

Rasheed said: "The representatives of the Shiite component have not yet agreed on an alternative text to the article contained in the government project, which includes the commitment of the Kurdistan region to deliver 250 thousand barrels in exchange for its share of the budget."

On another issue, Al-Zaman newspaper followed the thirtieth anniversary of the bombing of the Amiriya shelter by the US forces, and demanded that it be transformed into a landmark for generations to remember.

The newspaper said: "The Iraqi Bar Association participated in the memorial vigil, which was set up by the Baghdad governorate in cooperation with the Coexistence Organization for Development and Relief on the 30th anniversary of the bombing of the Amiriya shelter, at the scene of the crime, in the presence of the victims' families and the head of the organization Marwan Munther and the director of Al-Mansour district."

It stated: "The head of the Bar Association, Diaa Al-Saadi, denounced the American military aggression that targeted a civilian safe haven by using warplanes that bombed this shelter with several bombs, which killed more than 450 martyrs."

Al-Saadi pointed out: "The failure of the successive governments to Iraq in demanding trials for the political and military leaders that orchestrated this aggression, which constitutes a clear violation of the laws of war and international charters and instruments." Demands, in a way that leads to the recognition of the right of Iraqis to life, and their removal from any sinful aggression, and to demand compensation in proportion to the grave harm that befell them.

The newspaper pointed out: "The National Security Adviser, Qassem Al-Araji, visited the Al-Amiriya shelter and demanded that the shelter be rehabilitated and turned into a landmark that generations will remember annually."

It quoted Al-Araji as saying: "The martyrs of the shelter are Iraqi citizens, and it is our duty to take care of their families and remember that heinous crime," surprisingly about the lack of interest in this place, its rehabilitation and maintenance. / End
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The difference in the price of a barrel of oil in the budget is causing economic controversy

 
 Baghdad: Hoda Al-Azzawi 
 
The big difference between the estimated price of a barrel of oil that was approved by the government in the budget, which is $ 42 and was revised to $ 45, sparked widespread parliamentary debate after the current prices exceeded the barrier of $ 62 per barrel of oil.
The reporter of the Parliamentary Finance Committee, Ahmed al-Saffar, told Al-Sabah: “The conservative price that the price of oil should be in the 2021 budget is $ 48 per barrel, while the price set by the government is $ 42 per barrel, and what the committee approved Parliamentary finance (45) dollars according to the vote within the committee, but this price is a great paradox in light of the high price of a barrel to 62 dollars a barrel, i.e. a difference of 17 dollars per barrel, and this difference comes at 25 trillion dinars and covers the deficit, so we do not need to borrow through it. .
Al-Saffar explained, "The increase is called (the oil saving), whether it is from the price difference or from the quantity difference, and through this (the saving) the deficit can be financed, and the remainder of it will be within a supplementary budget.
For his part, Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, indicated in an interview with Al-Sabah, that “the general budget from 2004 to 2019 is based on speculative prices, except for the years (2014 and 2020), as there was no budget, and the price of a barrel. Oil is conservative in the budget and generates a hypothetical deficit and needs to be regulated.
Saleh pointed out that bridging “the deficit comes through external or internal borrowing, but the final revenues of the budget, as a result of the differences in oil prices or oil rents, usually extinguish part of the borrowings and replace them, and the possibility that the deficit will be filled, and thus there is a surplus,” revealing. For that, "when oil prices greatly surpass and fill the deficit, there will be a supplementary budget in the middle of the year, and the budget will be reviewed, and this is what is found in the Financial Management Law."
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Parliamentary Finance: the continuation of suspending the deduction of the Kurdistan region’s share of the draft budget

Parliamentary Finance: the continuation of suspending the deduction of the Kurdistan region’s share of the draft budget
Iraqi Parliament
 

 

Mubasher: The Parliamentary Finance Committee in Iraq confirmed that the governments of the center and the Kurdistan region are in agreement about what was mentioned in the draft budget bill, indicating that the region’s share has not been decided within the House of Representatives.

A member of the committee, Jamal Cougar, told the Iraqi News Agency (INA), today, Sunday: "The governments of Baghdad and Erbil are in agreement with what was stated in the draft federal budget bill and are moving towards resolving it, but the problem lies in Parliament."

He added, "The region's share is still pending and has not been decided yet by the political blocs in Parliament," noting that "the objecting blocs did not come up with an alternative text to the agreement between the region and the center, so there is no agreement yet."

Today, the Parliamentary Finance Committee held a meeting to discuss the draft budget bill for 2021.

A statement by the House of Representatives stated that "the Finance Committee holds its 46th meeting at which it will resume discussions on the draft federal budget bill for 2021."

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Representative economics: Include a paragraph to increase the capital of government banks in the Iraqi budget

Representative economics: Include a paragraph to increase the capital of government banks in the Iraqi budget
The Iraqi Parliament - archive photo
 

 

Mubasher: The Parliamentary Economic and Investment Committee in Iraq announced the agreement to include a paragraph to increase the capital of government banks.

This came during a statement of the committee received by the Iraqi News Agency (INA), today, Sunday, that the First Deputy Speaker of the Iraqi Parliament, Hassan Karim Al-Kaabi, hosted the directors of government banks and a representative of the Central Bank of Iraq.

The committee indicated that the meeting came to discuss the mechanism of banks ’work and the extent of their contribution to economic development and to discuss the implementation of the Iraqi Central Bank’s initiative of five trillion dinars, which includes the sectors of industry, agriculture and housing and directing it in a manner that serves the country's economic development and moves the economy’s wheel, in the presence of a number of deputies of the Economic and Investment Committee, to discuss Mechanism for implementing the initiative. "

Committee Chairman Ahmed Salim Al-Kinani confirmed, according to the statement, that “this initiative was originally launched by the Economic and Investment Committee more than four years ago and was prepared in full and in detail for industrial and agricultural development and the development of the investment sector in the field of housing and other investments related to making a qualitative leap in the development of small and medium enterprises. And the employment of manpower, indicating that the bureaucracy that governs state institutions has delayed this initiative, which has made it lose a large part of its economic goals.

He explained that "the Economic and Investment Committee, and with its legislative and supervisory work, believes that there is a weakness in the mechanism of implementing this initiative, especially in the industrial and agricultural sides, which are the two important aspects that we must focus on in the initiative since they are the main drivers of all economic activities in the country and its weakness lies in the lack of funds allocated to it within the initiative." .

 Kanani pointed out to the great complications in terms of the required guarantees, and this reduces the chances of the success of the initiative within these two sectors, while we see that the initiative is directed to the housing loan, which is the purchase of housing, which invigorates speculators in small real estate and leads to competition for small real estate instead of moving towards building housing that revives Large sectors of the economy and the employment of the labor force. "

Al-Kinani explained that “it was agreed to approach the Finance Committee to include in the general budget a paragraph concerning increasing the capital of government banks in a manner that qualifies these banks to carry out their economic and development tasks, and a number of important issues that must not be absent from the initiative, including ensuring the smooth entry of raw materials to factories Inside Iraq to ensure the continuity of production and non-stopping it, as well as the guarantees required for loans for industrial projects that must take into account the percentage of the loan from the required guarantee of real estate.

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The leadership of the National Union announces its position on the 2021 budget and decentralization in the region
  
{Baghdad: Al Furat News} The leadership council of the Patriotic Union of Kurdistan discussed today, Sunday, the issue of the financial and administrative decentralization system in the Kurdistan region, as well as improving the living conditions of citizens in the region.

According to the text of the communiqué of the Council: he held a meeting on Sunday chaired by the two presidents - chairs of the Patriotic Union of Kurdistan, initiated a minute's silence for the souls of the martyrs, and the values of the co - chairs of the National Union, during the meeting, and precisely the political and economic situation and the situation in the Kurdistan region of Iraq. "
He stressed the Council during the The meeting on the Patriotic Union's steadfast position towards: 
1- The system of administrative and financial decentralization within the Kurdistan region
2- Supporting the Kurdistan Regional Government delegation negotiating with the federal government, as it recommended the Patriotic Union of Kurdistan bloc in the House of Representatives to support the efforts of the delegation
3- Improving living conditions and life The people of the Kurdistan region, and in this regard, the need to agree within the framework of the Iraqi constitution to ensure the realization of the rights and financial dues for the Kurdistan region in the draft fiscal budget law for 2021. 
4- Emphasizing the need to implement the constitutional and national duties of the federal and Kurdistan regional governments to protect the country's sovereignty and prevent border violations, which violate international laws.
5- Condemning all arrests and imprisonment for freedom of opinion and political and civil activity, especially in Badinan regions. Therefore, we demand the release of all detainees, including journalists, civil activists, and cadres of the Patriotic Union of Kurdistan and other parties.
Ammar Al-Masoudi

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Kanna: Achieving everything in the budget and two options for settling the region’s share
  
{Baghdad: Al Furat News} The head of the Rafiden Parliamentary Bloc, Yonadam Kanna, announced the completion of all the provisions of the federal budget for the year 2021, while he disclosed two options to deduct the share of the Kurdistan region.

Kanna said {to the Euphrates News} that "all the paragraphs of the budget have been completed, except for compatibility with the region, for technical reasons about the fate of oil, including that federal oil is sold for more than the region's oil," noting that "in the event that oil is not delivered, 250 thousand barrels per day will be deducted Of the region’s share of the equivalent in dollars. "  
He added, "The budget will deal according to (Sumo) and the region is less than it," hoping that "within the next two days, the final agreement will be reached, and on the contrary, Parliament may be forced to approve the budget and continue dialogues with the region and address later."
Kanna also expected "to go to a supplementary budget as a result of the rise in the price of a barrel of oil to 62 dollars, since each dollar means an increase of one billion dinars in the budget."  
And the head of the Rafiden Parliamentary Bloc concluded, "
The Parliamentary Finance Committee had expected, in the words of a member of the committee, Sherwan Mirza, that next week would witness a vote on the draft federal budget law for the year 2021, stressing that the articles of the bill would continue to be discussed.
Mirza said in a press statement, "There are some simple matters that the Finance Committee will complete in addition to the issue of the Kurdistan Region’s share of the budget," noting that "the next few days will witness the decision of the region’s share."
The negotiating delegation of the Kurdistan Regional Government headed by Qubad Talabani, Vice President of the Kurdistan Regional Government, made several visits to Baghdad and held a series of meetings with officials in the federal government and Parliament to discuss the region’s share of the federal budget for the year 2021.
Wafaa Al-Fatlawi

 

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  •  Time: 02/14/2021 21:11:47
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Parliamentary Finance discusses the reform materials added in the budget
  
{Baghdad: Al Furat News} The Parliamentary Finance Committee discussed, on Sunday, the reform articles in the general budget for 2021.

The Information Department in the House of Representatives stated in a statement received by Al Furat News Agency that “the Finance Committee held its meeting No. (46) in which it resumed its discussions regarding the draft Federal Budget Law for 2021, receiving during its meeting a number of parliamentary committees to discuss and consider their requests.

And he stated that "at the beginning of the meeting, the Finance Committee discussed the additives before it, in which it focused on addressing the national economy and achieving comprehensive development targeting all economic and financial sectors, in addition to including urgent reform measures that maximize the state's resources and address the effects of the economic crisis left by the Corona pandemic."

According to the statement, the Parliamentary Finance hosted the head of the Security and Defense Committee, MP Muhammad Ridha Al Haidar, accompanied by a number of members of the committee to discuss the allocations of the ministries of defense and interior within the budget. The large deficit in the budget, believing in the necessity to strengthen the military capabilities of the security forces at various levels, in order to extend security and stability throughout the homeland.

He continued, "The Finance Committee hosted a delegation from the Parliamentary Labor and Social Affairs Committee to discuss the budget allocations for the Ministry of Labor, and the Finance Committee stated that it provided the necessary allocations for the social care network, increasing the percentage of those included in it and the entitlements of people with disabilities, and giving them top priority."

He reclaimed that she “hosted the Parliamentary Finance Committee headed by Representative Ahmed Al-Kinani and the presence of a number of women and gentlemen, accompanied by the General Director of the Industrial Bank, to discuss the banking reality in Iraq and support the private sector, as the Finance Committee confirmed that the agriculture and industry sectors are the focus of great interest in the committee Where articles were included in the draft budget that support the agricultural and industrial banks for the purpose of advancing these two important sectors and achieving major development in them.

The Finance Committee indicated that it has taken serious steps to move the wheel of the private sector, support investment and overcome obstacles in front of it, which will contribute to providing job opportunities for the unemployed and open the door to competition in the Iraqi market.
Raghad Daham

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Today, Monday, a member of the Kurdistan Democratic Party, Sherzad Qasim, confirmed that there are political parties that want to impose their views on the federal budget on the Kurdistan region and the federal government for political purposes, while it is likely that a Kurdish delegation will visit during the next few days to Baghdad to complete the dialogues regarding the region’s share of the budget.


Qasim said in an interview with Alsumaria News, "The region welcomes all efforts aimed at resolving the crisis between Baghdad and Erbil with regard to the Kurdistan region’s share of the budget," noting that "the governments of Baghdad and Erbil have full understanding and seriousness in solving the problem and there are frequent visits and understandings at advanced levels that have occurred in the period." Precedent between the two governments in this regard. "

 

Qassem added, "The Kurdish delegation will have another visit to Baghdad during the next few days to complete the dialogues," pointing out that "the region has reached advanced agreements with the ministries of oil and finance and the prime minister, but the problem is limited to the position of some political forces inside the parliament that they do not want." Passing the budget to achieve narrow gains, and it works not only against the region, but also against the federal government. "


He pointed out that "some blocs opposed to the region’s share and all the agreements that took place, unfortunately, they do not have any clear vision or proposals to be discussed and bridging views, although we seek and hope to reach constitutional and legal solutions," stressing that "there are political parties that want to impose a point. Its consideration of the region and the government of Baghdad are for political purposes, and unfortunately in its stances it does not want good for Iraq or the Iraqi people. "

 
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 2021-02-15 01:57
 

Shafaq News / A member of the Committee to Monitor the Implementation of the Governmental Program and Strategic Planning, Inaam Al-Khuzaie, warned that the devaluation of the Iraqi dinar against the dollar would lead to "crushing" the vulnerable classes in society, stressing that the development goals that the government claimed had not yet been achieved.

 

In a statement received by Shafaq News, Al-Khuzaie, a representative of the Sairoun bloc, said that after two months have passed since the devaluation of the Iraqi dinar for development reasons, as announced by the government, the allegations of revitalizing the national product have not been realized. Mostly imported.

 

She indicated that the amendments to the draft budget law did not include a change in the exchange rate, despite its inclusion in the text of the draft budget, stressing that reducing the value of the dinar needs many introductions, of which Iraq is unable to achieve a small part of it in the short term.

 

Al-Khuzai warned that the devaluation of the dinar is in a "deflationary" situation, which increases the economic situation and threatens the widening of the depth of the existing recession and generating inflationary waves that seriously crush low-income classes, especially with the weak social protection programs necessary to absorb the impact of the exchange rate shock on the vulnerable classes.

 

She pointed out that the goal of reducing the exchange rate of the dinar was "double and with financial and monetary motives", as the financial motives were represented in the government's desire to maximize oil revenues in dinars to reduce the size of the financial deficit, adding that the monetary motives were represented by the desire of the Central Bank to reduce its sales of dollars to the market, which is what has been achieved now. At the expense of higher prices.

 

Al-Khuzai believes that it would have been more expedient to work to reduce the greed of current spending and reduce the sources of demand for the dollar to maintain price stability and reduce the depletion of the dollar reserve at the Central Bank instead of reducing the value of the dinar and sacrificing price stability in Iraq.

 

It expressed its "grave concern over the failure of government performance to achieve its set and planned goals."

 

Al-Khuzai called for avoiding the negative effects resulting from the reduction of the value of the dinar by adjusting the exchange rate in the federal budget 2021 to suit the living standards of the poor and low-income people, calling for an amendment to the exchange rate policy, as was previously done in Article 50 of the 2015 budget when the House of Representatives set dollar sales at a ceiling of 75 Million dollars with equity in the sale.

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Al-Noor News / Baghdad
, political analyst Wael Al-Shammari, said that the political blocs can restore the exchange rate to its previous state, but it needs great will and pressure on the government, the central bank, and the economic authorities.

Al-Shammari added, in a statement to Al-Nour News, saying: “But the financial budget should not be used as a pressure card on the government and forcing it to reduce the exchange rate of the dollar. The budget, although it depends on the exchange rate, is something completely different.”

He added that “the financial budget is related to the sustenance of citizens, the operational expenditures of the ministries, and social welfare entitlements, and the blocs that see that the interests of the public have been exposed to a great risk by changing the exchange rate can follow legal methods, without adopting a policy of twisting arms and resorting to the budget, and using it for pressure and other purposes.”

The change in the exchange rate of the dollar ignited Iraqi markets, as the prices of foodstuffs, medicines, and imports in general, as well as clothing and other supplies, rose, while the government said at the time that it would take measures to control prices.

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2 minutes ago, yota691 said:
%D8%AF%D9%88%D9%84%D8%A7%D8%B1.jpg?resiz

Al-Noor News / Baghdad
, political analyst Wael Al-Shammari, said that the political blocs can restore the exchange rate to its previous state, but it needs great will and pressure on the government, the central bank, and the economic authorities.

Al-Shammari added, in a statement to Al-Nour News, saying: “But the financial budget should not be used as a pressure card on the government and forcing it to reduce the exchange rate of the dollar. The budget, although it depends on the exchange rate, is something completely different.”

He added that “the financial budget is related to the sustenance of citizens, the operational expenditures of the ministries, and social welfare entitlements, and the blocs that see that the interests of the public have been exposed to a great risk by changing the exchange rate can follow legal methods, without adopting a policy of twisting arms and resorting to the budget, and using it for pressure and other purposes.”

The change in the exchange rate of the dollar ignited Iraqi markets, as the prices of foodstuffs, medicines, and imports in general, as well as clothing and other supplies, rose, while the government said at the time that it would take measures to control prices.

Yota Thanks,  Excellent article and please adhere to this requests girls and boys ASAP.   Let's hope they mean to its "Original Glory Days" of 

 1 IQD : $2-$3.30.......🙏🙏👍👍😁 

 

"said that the political blocs can restore the exchange rate to its previous state, but it needs great will and pressure on the government, the central bank, and the economic authorities."

 

GO RV & RI

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%D8%B5%D8%A7%D8%AF%D9%82%D9%88%D9%86-696

The information / private ..
A member of the House of Representatives for the Sadikoun movement, Muhammad Al-Baldawi, called on the government on Tuesday not to spread the principle of discrimination in the budget between the provinces and to deal with the theory of balance with everyone.

Al-Baldawi said in a statement to the information agency, that “we have identified some indicators of government dealing with the governorates and we have invited them to consider a single ruler for all governorates in terms of allocating budgets according to population density and the principle of injustice suffered by the provinces and their needs for projects and investments.”

He added, "After the budget reached its final stages and almost entered the voting session, but some of its articles, if not most of them, are the subject of ongoing discussion and debate between the political blocs and have not been fully accepted."

He noted that "some of its articles will pass by voting during the session expected to be held soon, and there are articles that will be re-examined and discussed due to lack of usefulness on one hand or reformulated on the other hand."

He pointed out that "the Sadikoun bloc, which is affiliated with the Al-Fateh Alliance, pledged the vote on the budget, following the government's follow-up controls that have been determined regarding the distribution of revolutions to the provinces."

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46 minutes ago, tigergorzow said:

Excellent article and please adhere to this requests girls and boys ASAP.

Thanks tigergorzow...Later on I will look for related article that this is in reference to what the above article this guy is referring to, and GM everyone...

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Just now, yota691 said:

Thanks tigergorzow...Later on I will look for related article that this is in reference too, what the above article is referring to, and GM everyone...

Yota, Truly appreciate all that you bring to the Site and us DV Members gives you👍👍👍👍👍.

 

GO HCL

 

GO RV & RI

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2 hours ago, rvmydinar said:

Previous era? I like the sound of this. Previous era=saddam husein era=3.22 usd. Don't you agree folks.

When I hear the words “previous era” I immediately think of the good old glory days of $3+. I hope that’s what they mean, but you never know with these translations. I suppose that “era”could also mean before last December... 

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1 hour ago, Half Crazy Runner said:

When I hear the words “previous era” I immediately think of the good old glory days of $3+. I hope that’s what they mean, but you never know with these translations. I suppose that “era”could also mean before last December... 

Let's hope iraq will implement what they say about " previous era " immediately. No more BS, no more delay until next year 2022,no more hiding around the bush. What we have to do now is just keep a close attention to what iraq is Really Really Really going to do next. Tomorrow is still mystery.

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On 2/16/2021 at 7:31 AM, yota691 said:

political analyst Wael Al-Shammari, said that the political blocs can restore the exchange rate to its previous state

To the Executive Authority .. To the Central Bank of Iraq .. A proposal

POSTED ON 2021-02-17 BY SOTALIRAQ

 

To the executive authority
To the Central Bank of Iraq

Suggestion

The need to adjust the exchange rate of the Iraqi dinar towards the US dollar.


Dr . Dulaimi Star

 

1- The devaluation of the national currency of the Iraqi dinar in favor of the US dollar and making the exchange rate of the dinar against the US dollar at 1450 is an unfair, ill-considered and urgent exchange rate, which is against the interest of the Iraqi people and economy, and that the first beneficiaries of this are regional and international countries and Arab and foreign companies And the ruling political elite ... as the wealth of the Iraqi people is bought cheaply according to the new exchange rate, and this means systematic plundering ((law)) of the wealth of our Iraqi people, at a very low price, and he played in achieving this the failure of the Minister of Finance and the President of the Central Bank of Iraq according to Guidance from the International Monetary Fund and the World Bank.

 

2 - that the ruling authority today represents and applies an extremist and brutal neoliberal approach according to the directives of the International Monetary Fund and the World Bank, and that today's exchange rate of 1450 is in the interest of the ruling political elite, in the interest of the leaders of the political parties, blocs and political currents influential today in governance and in cooperation and coordination with the administrative and bureaucratic bourgeoisie, the shadow economy forces, and the mafia-brokers ... so they have seized the wealth of the Iraqi people and became millionaires and billionaires, in the American dollar and the Iraqi dinar, and with this stolen money, state institutions will be purchased from factories, large factories, oil and gas, agricultural land, fuel and electricity stations, and other state assets at a very low price and without supervision, and the well-known popular proverb applies (( He is chatting while he eats, without supervision and calculation. ''

 

3 - A new exchange rate is required for the Iraqi dinar towards the US dollar, which is one dinar equals one US dollar. This requires deleting the three zeros, for example, the 1000 dinars become Iraqi dinars, and the million dinars (1,000,000) one thousand Iraqi dinars (1000), and according to the new exchange rate 1000 dinars equals 1000 US dollars, and this is in the interest of the Iraqi citizen and economy as a first stage and work in the future to return a new exchange rate Each dinar equals $ 3, as it was previously.

 

4 - That this can be achieved because Iraq is rich in its natural wealth of oil, gas, gold and phosphates ... .. In addition to that, there is a realistic possibility of developing agricultural and industrial production ..., that is, creating material production in order not to import, and this will be in the interest of the national economy by not buying goods Food, medicine, and durable goods in hard currency, and then Iraq can export goods and services abroad and obtain hard currency, as well as work to retrieve the stolen money and return it to the Iraqi people, which range between $ 850-trillion. These material and basic elements are considered as a first stage to adjust the exchange rate of the Iraqi dinar. One dinar for one US dollar

 

5- The Iraqi people, public and professional organizations, national, progressive and left-wing personalities, and professors of Iraqi universities and institutes, must demand a new exchange rate adjustment in the interest of the national economy

Edited by DWS112
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Mazhar Saleh: The high oil price of $ 75 could solve the budget deficit

 
  Baghdad: Hazem Muhammad Habib and Shaima Rasheed 
 
The Finance Committee in the House of Representatives revealed that the decisions of the curfew due to the Corona pandemic will not affect the continuation of meetings and dialogues to resolve the budget file.
In conjunction with that, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, told Al-Sabah: “The break-even point or balance in the budget requires that the average price of an annual barrel of oil exported abroad be at least $ 75- $ 80 a barrel,” indicating that "At that point, the deficit gap will be closed completely, and the sources of borrowing to cover the budget deficit are often automatically canceled."
He added, "The government benefits from the current high oil prices, which have reached more than what was written in the budget, especially with the country heading to closure again," stressing that "this will lead to strengthening the country's financial leverage to face the problems of social need."
For his part, the reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, explained to “Al-Sabah” that “the curfew decision due to the Corona pandemic will not affect the continuation of meetings and dialogues to resolve the budget file and vote on it because it concerns the fate of a country and is supposed to be resolved.”
It is likely that «the end of the current week will witness the vote on the budget in the House of Representatives after the Finance Committee has completed it. 
Al-Saffar pointed out that "negotiations are continuing between Baghdad and the regional delegation to make changes to the government text in Article (11), and if solutions are reached, matters will be resolved and the budget will be voted on."
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Parliamentary finance in Iraq: 4 trillion dinars, social protection allocations in the budget

Parliamentary finance in Iraq: 4 trillion dinars, social protection allocations in the budget
Iraqi Parliament
 

 

 

Mubasher: The Parliamentary Finance Committee announced today, Tuesday, that 4 trillion dinars are allocations for social protection and the unemployed in the budget.

The head of the committee, Haitham al-Jubouri, said in a statement received by the Iraqi News Agency (INA), that "unfortunately, there are those who declare without properly checking his information, the allocations of the social protection network for the poor and the unemployed in the 2021 budget are 4000 billion, or 4 trillion dinars."

He added, "The budget project included many strategic projects, including the large port of Faw, oil refineries projects, new power stations, the development of Baghdad entrances, and allocations to the Al-Sadr and Al-Shula City Reconstruction Committee, the Kirkuk-Baghdad road and many others."

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Delayed approval of the budget

Wednesday 17th February 2021 37

Delayed approval of the budget

 
Dr.. Emad Al-Harsh Al-Tamimi 
It is recognized that when starting to prepare any government program it is assumed that the allocations that were mentioned in the state’s general budget for the fiscal year preceding the year in which it is to be implemented, that is, implement the paragraphs of this program, if there is no reduction in these allocations, and then make sure that there are no obstacles It is impossible to implement its paragraphs, or to achieve the desired goal 
Of his approval.
 Therefore, it is assumed that the government program, and then the white reform paper, and after it the idea or term of financial engineering, and with it the corrective measures taken by the Finance Committee in the Iraqi parliament regarding this reform paper, have taken or taken the provisions of Article (13) of the Financial Management Law. No. (6) of 2019, which provided or avoided the government to face the problem of not approving the Federal Budget Law for any year, whether this problem is related to the inability to pay the sums allocated to ministries and government institutions salaries and other expenses, or in relation to data Financial (final account) for the current (new) year.
 These measures are planned or drawn up in their accounts of the current financial crisis and have reduced or sought to reduce the allocations of the budget for the year 2019, which is the basis for which it is supposed to be adopted. A ratio of (1/12) or less of the total actual expenditures of current expenditures for the previous fiscal year, after excluding non-recurring expenditures, and on a monthly basis, and until the budget law is approved by the Council Representatives.
We also find that paragraph (third) of the same article has allowed the government to deal with the problem of preparing financial accounts at the end of the year (the final account). (House of Representatives) for the purpose of approving it, and by that, which government finds that this law has provided it with the legal framework to implement a mature government program that meets the aspirations of the people, and then gives an opportunity to the House of Representatives for the purpose of discussing the paragraphs of its budget, and to make the required amendments if any, in order to reach a budget that meets its ambitions and achieves goals Its program.
 
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