Oil announces the transfer of a copy of the oil and gas law to the Council of Ministers for approval

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12 hours ago, DinarThug said:

The Undersecretary of the Ministry of Planning confirmed that this committee was formed to study the effects of changing the exchange rate of the dollar against the dinar, and to propose the required solutions, as far as the matter is related to investment projects, indicating that the committee’s work period will be one month, and after that it submits its recommendations to the Council of Ministers for decision. In which.

Old committee rehashed news! 

[DinarThug]

The last moments ... Parliamentary Finance reveals the latest developments in the budget debate

 

 

 

03/12/2021 14:50:52

 

 

A member of the Parliamentary Finance Committee said that "there is convergence with regard to the share of the Kurdistan Region in the draft federal budget law for the current year 2021."

 

Sherwan Mirza said in a press statement,

 "The Kurdish blocs are waiting for the Shiite blocs to present their last opinion regarding the region’s share,"

noting that "there is convergence between the two sides in opinions."
 

He added, "The government proposal and the proposal of the Shiite blocs are close."

Mirza ruled out "passing the budget law in the House of Representatives without the Kurds," 

noting that 

"there may be a final agreement regarding the region’s share in the last moments before the vote on the bill in the parliament session scheduled for next Monday."

The Speaker of Parliament, Muhammad al-Halbousi, had directed in the last session to include the draft federal budget bill for 2021 in the parliament session scheduled for next Monday, based on a request submitted by Representative Yusef al-Kalabi signed by 150 deputies.

[DinarThug]

LINK

Deputy: Reducing the exchange rate of the dollar is subject to the consensus of the political blocs

 

12th March, 2021

Member of the Parliamentary Economic Committee, Representative Nada Shaker Jawdat, confirmed, on Friday, that reducing the price of the dollar in the budget depends on the consensus of the political blocs, while it expected that it will be voted on next week.

Jawdat said in an interview with Shafaq News, that "the financial committee and its supporting committees completed the 2021 budget completely within a record period of time and was sent to the Presidency of the Parliament," indicating that "some financial matters were arranged, modified and reduced and some transfers were made in the budget in the way that it became. Complete and correct."

She added that "reducing the dollar price in the budget depends on the political consensus between the blocs," noting that "there were demands to reduce the price of the dollar or to have a gradual rise so that it does not affect the citizen in this way." 

She pointed out that "the main dispute in the budget was related to the region’s share, and there are views and solutions about that." 

Shaker expected; That "the budget will be presented and voted on next week."

Last Monday, Parliament Speaker Muhammad al-Halbousi directed the inclusion of the budget bill on the agenda of next Monday’s session, based on a request submitted by Representative Yusef al-Kalabi, signed by 150 deputies.

[DinarThug]

LINK

Statements favoring the resolution of the budget: 80% of the
political forces support the passage

 

 

11th March, 2021

Member of the Parliamentary Regions Committee, MP Mudhar Al-Karawi, stated, Thursday, March 11, 2021, that 80% of the political forces support the passage of the budget next Monday.

Al-Karawi said in a press statement followed by the obelisk, that the budget is one of the most important laws of great importance, as it defines the mechanisms of public spending of the state in ministries and institutions and draws an annual framework for economic and financial activity, pointing out that delaying its settlement has great disadvantages, especially since the country is currently going through successive crises, especially with regard to the issue. Relates to the epidemiological situation.

He added that next Monday's session will be important in order to present the general budget and there are 80% of the forces in support of the framework for passing it, stressing that the budget suffers until the moment from multiple problems, the most prominent of which is the failure to resolve the differences between Baghdad and Erbil, adding that we agree to support the terms and chapters of the budget and be a start To resolve all outstanding issues. 

He noted that the country's situation calls for efforts by all political forces in order to push the budget to go and vote on it and give greater momentum to reconstruction and construction.

The Parliamentary Finance Committee clarified, on Thursday, March 11, 2021, the fact that the budget decision is linked to the Federal Court law.

Committee member Thamer Theban Al-Hamdani said, 

"Next Monday is a fixed date for voting on the budget law,"

stressing that "the budget will go ahead whether or not there is an agreement with the region."
 

He pointed out that "there is a possibility for a change in the price of a barrel of oil in the budget," explaining that "the Federal Court law has nothing to do with resolving the budget law in Monday's session.

 

Edited March 12, 2021 by DinarThug

[DinarThug]

LINK

Parliamentary Finance: It is not possible to raise the price of a barrel of oil with the budget for this reason

 

12th March, 2021

A member of the Parliamentary Finance Committee, 

Jamal Ahmed Cougar confirmed, today, Friday,

that the price of a barrel of oil approved in the 2021 budget cannot exceed $ 45 due to the instability of oil prices,

according to the Iraqi Ministry of Oil.

Cougar told Shafaq News; 

The Minister of Oil emphasized that the price of oil of more than 45 is not approved,

because the current increase is dependent on reducing OPEC quantities,

as well as Saudi Arabia relinquishing 1 million barrels of its quota.

He added: Oil prices may be subject to decline and decline in the event of a return to the increase in Saudi oil exports.

 

Cougar called on Prime Minister Mustafa Al-Kazemi not to depend on the current prices of oil, 

to take quick financial reform steps,

and to avoid borrowing and its negative and dire consequences.

 

Edited March 12, 2021 by DinarThug

[GreedyDinar07]

If they would diversify their economy and stop depending on oil they wouldn't have to result too borrowing. They have 6 trillion dollars worth of sulfur and phosphates, use your resources. Damn idiots!! 

[DinarDavo]

18 minutes ago, GreedyDinar07 said:

If they would diversify their economy and stop depending on oil they wouldn't have to result too borrowing. They have 6 trillion dollars worth of sulfur and phosphates, use your resources. Damn idiots!! 

 

Agreed.....unfortunately, the path of least resistance is still corruption. 

[DinarThug]

4 hours ago, DinarThug said:

Parliamentary Finance: It is not possible to raise the price of a barrel of oil with the budget for this reason

 

12th March, 2021

A member of the Parliamentary Finance Committee, 

Jamal Ahmed Cougar confirmed, today, Friday,

that the price of a barrel of oil approved in the 2021 budget cannot exceed $ 45 due to the instability of oil prices,

according to the Iraqi Ministry of Oil.

Cougar told Shafaq News; 

The Minister of Oil emphasized that the price of oil of more than 45 is not approved,

because the current increase is dependent on reducing OPEC quantities,

as well as Saudi Arabia relinquishing 1 million barrels of its quota.

He added: Oil prices may be subject to decline and decline in the event of a return to the increase in Saudi oil exports.

 

Cougar called on Prime Minister Mustafa Al-Kazemi not to depend on the current prices of oil, 

to take quick financial reform steps,

and to avoid borrowing and its negative and dire consequences.

 

LINK

Parliamentary Finance excludes the possibility of raising the estimate of a barrel of oil in the budget

 

http://almasalah.com/MediaStorage/GalleryImages/151423.jpg?width=750&&height=375

 

12th March, 2021

 

On Friday, March 12, 2021, a member of the Parliamentary Finance Committee, 

Jamal Cougar, ruled out the possibility of raising the price estimate for a barrel of oil in the federal budget for 2021,

despite its high prices in the global market,

while indicating the possibility of benefiting from the price difference within a supplementary budget.

Cougar said in an interview with Al Massila that the price cannot be changed, given that the Ministry of Oil has expressed concern about any direction to change the price in the budget because the current prices are not real, given that there are two reductions in the quantities sold now, the first of which is the reduction of Iraq's oil quota from four million to 3 million and 250 A thousand barrels.

The second reduction was voluntarily from Saudi Arabia by one million barrels per day.

Therefore, any return to previous quantities or Saudi Arabia's retreat from the voluntary reduction will lead to the return of prices again to decline,

and we cannot build a state budget on something that is not fixed and insecure.

[DinarThug]

LINK

Shankali: Oil prices are rising, and there is no guarantee for Baghdad and Erbil budget except for an agreement

 

 

12th March, 2021

 

Today, Friday, a member of the Kurdistan Democratic Party, Majid Shankali,

called on Baghdad and Erbil to agree on the budget,

especially with the high rates of oil sale. 


Shankali said in a statement to "Tigris", that 

"confidence between Baghdad and Erbil will be shaken and will cease to exist if the budget law is passed according to the political majority."

 

He added that 

"the text proposed by the government regarding the proportion of the Kurdistan region is a well-studied scientific issue,

and it is not possible to risk passing the budget according to political whims that are ignorant of the details of economic and oil dealings."

He explained that, 

"Parliament has not made, up to the moment,

any agreement regarding the tenth and eleventh articles on Kurdistan’s oil,

and all that is said in the media is verbal and unreliable."

 

Shankali pointed out that 

"oil prices have started to rise and may decrease,

and in this fluctuating case in global oil prices,

there is no guarantee for the region or Baghdad except for an agreement between the two parties."

[DinarThug]

LINK

MP: the negotiations between Baghdad and Erbil on the 2021 budget have not stopped

 

 

12th March, 2021

MP Iqbal Al-Lahibi confirmed, today, Friday, that negotiations between Baghdad and Erbil on the terms of the 2021 budget have not stopped.

Al-Lahibi said,

"The budget is one of the important laws of the country,

especially as it charts the financial path and the economy for a year in terms of spending and financing reconstruction projects and the rest of government obligations,

stressing that the budget faced many complications,

the major part of which was resolved and only some outstanding issues remained."

 

Al-Lahibi added, 

“The negotiations between Baghdad and Erbil to resolve the terms of the 2021 budget have not stopped,

confirming that the budget will be presented for discussion and voting during next Monday’s session in order to seek to resolve it,

pointing out that political consensus will be present to settle the budget doors and push them forward in order to resolve the most important laws that will have Repercussions in other directions,

especially since many of the files are suspended regarding the voting file.

 

The House of Representatives decided to set a session next Monday as a date for voting on the 2021 budget after a delay of many weeks.

[DinarThug]

12 hours ago, DinarThug said:

Statements favoring the resolution of the budget: 80% of the
political forces s’upport the passage

 

 

11th March, 2021

Member of the Parliamentary Regions Committee, MP Mudhar Al-Karawi, stated, Thursday, March 11, 2021, that 80% of the political forces support system">support the passage of the budget next Monday.

Al-Karawi said in a press statement followed by the obelisk, that the budget is one of the most important laws of great importance, as it defines the mechanisms of public spending of the state in ministries and institutions and draws an annual framework for economic and financial activity, pointing out that delaying its settlement has great disadvantages, especially since the country is currently going through successive crises, especially with regard to the issue. Relates to the epidemiological situation.

He added that next Monday's session will be important in order to present the general budget and there are 80% of the forces in support system">support of the framework for passing it, stressing that the budget suffers until the moment from multiple problems, the most prominent of which is the failure to resolve the differences between Baghdad and Erbil, adding that we agree to support system">support the terms and chapters of the budget and be a start To resolve all outstanding issues. 

He noted that the country's situation calls for efforts by all political forces in order to push the budget to go and vote on it and give greater momentum to reconstruction and construction.

The Parliamentary Finance Committee clarified, on Thursday, March 11, 2021, the fact that the budget decision is linked to the Federal Court law.

Committee member Thamer Theban Al-Hamdani said, 

"Next Monday is a fixed date for voting on the budget law,"

stressing that "the budget will go ahead whether or not there is an agreement with the region."
 

He pointed out that "there is a possibility for a change in the price of a barrel of oil in the budget," explaining that "the Federal Court law has nothing to do with resolving the budget law in Monday's session.

 

LINK

Al-Karawi: 80 percent of the political forces are supportive of passing the
budget next week

 

 

 

20:58 - 11/03/2021

 

 

A member of the Parliamentary Regions Committee, MP Mudar Al-Karawi, confirmed, Thursday, that 80% of the political forces s’upport the passage of the budget next Monday.

"The budget is one of the most important laws of great importance,

as it defines the mechanisms of state public spending in ministries

and institutions and draws an annual framework for economic and financial activity,

pointing out that delaying its settlement has great disadvantages,

especially since the country is currently going through successive crises in particular," 

Al-Karawi said. With regard to the epidemiological situation”.

 

He added that 

"next Monday's session will be important in order to present the general budget,

and there are 80% of the forces in s’upport of the framework for passing it,

stressing that the budget suffers until the moment from multiple problems,

the most prominent of which is the failure to resolve the differences between Baghdad and Erbil, 

stressing that we agree to s’upport the terms and chapters of the budget and be the beginning of a solution."

All pending files”. 

 

He pointed out that 

"the country's situation calls for efforts by all political forces in order to push the budget to go and vote on it and give greater momentum to reconstruction and construction."

It is noteworthy that the budget was completed weeks ago, but complications and inconsistencies prompted a delay in presenting it to the House of Representatives for a vote.”

 

Edited March 13, 2021 by DinarThug

[DinarThug]

LINK

Kurdish bloc: These files must be included in the national dialogue initiative

 

 

 

12:17 - 12/03/2021

 

 

On Friday, the head of the Kurdish Parliamentary Change Bloc, Yusuf Muhammad, described the National Dialogue initiative as a "break of the ice" between the political parties, while referring to the most prominent files that must be included in the initiative.

"The initiative called by the Prime Minister is very important,

especially at this time in which Iraq suffers from economic and political crises,

which coincided with the imminent holding of general elections," 

Mohammed said in a statement received by the information. 

He added that it is important to have a serious, constructive and frank dialogue between the parties and partners in the political process and the various components, in addition to the representatives of the sit-in squares in order to crystallize specific participants regarding the crises and how to get out of them in Iraq. 

 

He indicated that 

one of the most prominent issues that can be discussed in the dialogue is the regional and international relations of Iraq,

reaching common understandings and points regarding the country’s distance from these conflicts,

developing common ideas regarding how to hold early elections,

preserving civil peace and integrity, and emphasizing the removal of weapons from it and from political conflicts.

 

The head of the Change Bloc added that 

it is necessary to establish some legal foundations based on the constitution in this dialogue to reach participants,

especially in the relationship of the federal government with the region in matters such as oil and gas, and the budget,

 

in order to reach the legislation of the oil and gas law

 

and an agreement to normalize the security and administrative conditions in the disputed areas. 

 

Muhammad saw the National Dialogue initiative as a "breaking of the ice" between some political parties and representatives of components and finding solutions to some problems related to differences and conflicts, and creating the appropriate atmosphere for early elections.

 

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LINK

Kurdistan bloc joins the supporters of Al-Kazemi dialogue

 

12th March, 2021

 

Edited March 13, 2021 by DinarThug

[DinarThug]

LINK

The United Nations detects the disastrous effects of raising the price of the dollar against the dinar

 

 

 

09:11 - 13/03/2021

 

 

The United Nations World Food Program in Iraq revealed, on Saturday, that the price of the food basket has risen to 14% after the devaluation of the local currency against the dollar, while calling for formulating policies to increase the contribution to the gross domestic product.

"The World Food Program monitors food prices, including the average food basket of 2,100 calories per day," said the representative of the World Food Program in Iraq, Abdul Rahman Megaj, in a statement reported by the official Al-Sabah newspaper, which was seen by the information.

Megaj added,  He continued, “The World Food Program is working during the current year to reach 849,000 people across Iraq , through monthly support for the most vulnerable people, building resilience and school feeding programs, in addition to government support, including digitization and reform of the public distribution system for rations Food, as the work of the World Food Program is expanding in the south of the country, where poverty indicators are among the worst. The poverty rate in Iraq is about 31.7%.

He revealed, "The average price of the food basket has increased by 14% since the devaluation and is expected to remain at a new high level, which will directly affect the food security of the vulnerable population in Iraq , especially the displaced, returnees, refugees and other vulnerable Iraqis."

The representative of the program stated that “it is necessary to support imports of basic foodstuffs, to help reduce the impact of devaluation on the purchasing power of vulnerable Iraqis, and it will also be necessary to formulate policies to increase the contribution to GDP from sectors other than oil, and to reduce economic dependence on Oil exports by boosting domestic food production.

Regarding the ration card items, he explained that "according to the recommendations of the National White Book for Iraq, the focus of the public distribution system on the most vulnerable people will be necessary to increase the efficiency and effectiveness of the system, and thus support the most needy families by providing the required foodstuffs monthly without interruption." He pointed out that "data-based decision-making and policy planning are also important and it is necessary to monitor food security at the national level and early warning systems, link main data sets and determine when action is required, which will allow Iraq to respond proactively to food security needs."

The representative of the United Nations World Food Program in Iraq said, “Although the government has taken appropriate measures, humanitarian and development actors in the country also need to increase efforts to mitigate the impact of devaluation on vulnerable groups. Additional support from countries will also be needed. The donor at this time”. 

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A statement from the United Nations on the rise of the dollar in Iraq: raising the food basket to 14%  LINK

[DinarThug]

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Al-Sadr's Alliance is distancing the Kurdistan Region from delaying the budget and disclosing other differences

 

13th March, 2021

The Saeron Alliance, supported by the leader of the Sadrist movement, Muqtada al-Sadr revealed, on Saturday, that the dispute over the Kurdistan Region’s share in the 2021 budget is not the reason for the delay in voting on it by the House of Representatives.

The deputy of the coalition, Riyadh Al-Masoudi, told Shafaq News, “The problems and disagreements about the draft budget law for the year 2021 are not related only to the share of the Kurdistan Region, but there are technical differences, including the issue of the exchange rate of the dinar against the dollar, as well as the issue of including job degrees in the law, in addition to The surplus amounts due to the increase in oil prices, etc. 

He added, "Until now, there is no agreement to pass the 2021 Budget Law during next Monday's session," explaining that "the inclusion of the law for a vote on it does not mean its passage or approval for that." Al-Masoudi ruled out "the possibility of passing the budget bill without the agreement of all political parties on it, but this agreement has not happened until now."

The Deputy Speaker of Parliament, Bashir Al-Haddad, had ruled out last Thursday the approval of the federal budget for 2021 at the mid-session next week. Al-Haddad said in a statement to reporters in Erbil that it is "difficult to pass the financial budget in next Monday's session because the Federal Court law has not been approved yet," stressing that another special session for the budget should be determined.

Last Monday, Parliament Speaker Muhammad al-Halbousi directed that the budget bill be included on the agenda of next Monday’s session, based on a request submitted by Representative Yusef al-Kalabi, signed by 150 deputies.

[DinarThug]

Adjusting the exchange rate of 1200 dinars ... Deputy: The decision is exclusively in the hands of two parties - urgent

 

7,366 Sweeteners 2021/03/13 16:28 

Baghdad Today - Follow-up

 

Deputy Sabah Al-Ugaili confirmed that changing the exchange rate from its previous rate of 1200 dinars to its current price, which exceeds 1450 dinars, was made by a decision of the government and the Central Bank to reduce the large deficit in the budget. 

"The exchange rate of the dollar has not changed as a result of supply and demand, but rather by a decision by the Iraqi government and the Central Bank to reduce the large deficit in the general budget. Therefore, these two parties are obligated to adjust the exchange rate of the dollar and re-raise the price of the dinar, or provide support to the poor classes, which have been greatly affected as a result of the rise in the dollar. " 

He added that "the survival of the dollar exchange rate in its current position in light of the deterioration of the living conditions of most Iraqi families will generate great political and popular pressure on the Iraqi government and the Ministry of Finance," noting that "the economic situation of Iraq has somewhat improved, and the percentage of deficit in the general budget has decreased by half due to The return of high oil prices, and there is no need for the dollar’s exchange rate to remain as it is, because it has a great impact on the poor class.

Previously, a member of the Parliamentary Economic and Investment Committee, Nada Shaker Jawdat, denied that there was no real seriousness in Parliament to change the dollar exchange rate to the previous one. 

Jawdat said to (Baghdad Today), “The talk about the lack of a parliamentary majority rejecting the adjustment of the dollar’s exchange rate after it was raised by the Ministry of Finance and the Central Bank, is inaccurate and far from reality. On the contrary, the majority with the exchange rate adjustment and returning it to What was it or less than what was stated in the 2021 budget bill. ” 

She added that“ adjusting the exchange rate of the dollar against the Iraqi dinar remains within the authority of the Iraqi government, while Parliament cannot make any amendment except with the approval of the government, ”pointing out that“ until At the moment, there is no government approval for this amendment. Rather, there is an insistence that the exchange rate remain unchanged, and this is what the majority of MPs reject. "

Earlier, a member of the Parliamentary Finance Committee, Jamal Cougar, confirmed that the political movement is still continuing within the House of Representatives, with the presence of parliamentary signatures submitted to the Parliament in order to restore the exchange rate of the dollar against the dinar or reduce the current price. 

In an interview with (Baghdad Today), Cougar said, "The political movement in this regard is still going on, even there are requests that have been submitted with the signatures of a large number of members of Parliament to the Parliament for the sake of the dollar exchange rate." 

He added, "These signatures remained unchanged, because the Finance Committee and Parliament do not have any authority to amend or return the exchange rate of the dollar," stressing that "this matter is exclusively within the authority of the Central Bank." 

And he indicated, "The government is difficult to go in this direction, because changing the exchange rate or returning it to its previous price needs to reformulate the 2021 budget bill anew."

LINK

[6ly410]

The head of a parliamentary bloc suggests that the dollar exchange rate will change in the 2021 budget

19:30 - 13/03/2021

https://www.almaalomah.com/2021/03/13/525030/

 

Information / private.

The head of Bayariq Al-Khair Parliamentary Bloc, MP Muhammad Al-Khalidi, on Saturday, suggested changing the exchange rate of the dollar in the 2021 budget.

Al-Khalidi said to the agency / information /, that "the parliamentary pressure to change the exchange rate of the dollar from its current position at 1450 dinars per dollar continued and did not stop, but rather doubled in recent times."

He added, "The high selling prices of crude oil and the improvement in the general economic situation have made the exchange rate remaining in its current position not compatible with the nature of the economic scene, especially since there are large segments of Iraqi society affected by the price due to the high prices of basic materials in the markets."

Al-Khalidi said, "The continued parliamentary pressure leads to a change in the exchange rate of the dollar in the 2021 budget, especially since many political forces have begun to realize the importance of the decision, especially as its justifications have disappeared with the recent rise in crude oil selling prices."

Several representative political forces continue their campaign towards restoring the dollar’s exchange rate to its previous position, or at least setting an average price that reduces the financial burden on large segments, including the poor, due to the increase in food prices. Finished 25 F

[DinarThug]

New changes to the exchange rates of the dollar attract the attention of the Iraqi street ... "big" consequences that economists predict

2021-03-12

 

 

Yes Iraq: Baghdad

 

Wide anticipation continues in the Iraqi street for any new decision related to changing the exchange rate of the dollar again in Iraq and reducing it or returning it to its previous price, after the committee formed to study the consequences of changing the exchange rate announced that it will come out with recommendations to the Council of Ministers within 30 days.

While there is talk, anticipation, and demands for restoring the previous exchange rate, economists have highlighted major consequences that may occur as a result of changing the exchange rate.

Economic expert Manar Al-Obaidi says in a blog posted by "Yass Iraq", "There are a lot of discussions these days regarding the review of the exchange rate and whether it will be changed or not and return it to 1200," noting that "any change in the exchange rate in this near period will have great repercussions Including the loss of confidence in the Iraqi economy.

 

He adds: "The exchange rate was made under pressure from the World Bank and the international parties supporting Iraq, and the process of returning the price will lead to a reduction in support from these parties." In the Iraqi market, it will make importers maintain a high exchange rate, fearing the possibility of a return to its rise. ”

 

He explained, "The government should take advantage of the currently high price of oil to immediately start building industrial strategic projects capable of providing raw materials for manufacturing industries, which will support the provision of a local product capable of providing various products to the Iraqi market."

He stressed that "if the exchange rate had to be changed, it is better to move towards floating the dollar instead of the policy of controlling the exchange rate and depleting hard currency to maintain a stable exchange rate," noting that "what is required of the Ministry of Planning is to work strongly to clarify the sectors that most affect the rise in the dollar price And work actively to launch programs packages to reduce the impact of the depreciation of the dinar on these sectors, especially in the food and health sector.

 

He continued, "Work to issue a performance follow-up report for the development plan, which is the basis for building the country and activating the correct economic policies instead of focusing on monetary policy, which is considered supportive of economic policy and not the pillar of the Iraqi economy," stressing "the need to activate the 3 trillion initiative that was announced." About the Central Bank to support vulnerable groups and work to activate the ration card and improve its vocabulary.

link

[6ly410]

 

Concerning salaries and the exchange rate ... a deputy talks about a parliamentary veto that could prevent the 2021 budget from being passed

Posted 22 seconds ago

https://iraqakhbar.com/2966632

News source / Baghdad today

News source / Baghdad today

Baghdad Today- Follow-up 

A member of the House of Representatives, Falah Al-Khafaji, confirmed, on Saturday, that there is a veto on some paragraphs by members of the House of Representatives in the country's general budget law for 2021.

Al-Khafaji said in a televised statement (Baghdad Today), that "the House of Representatives will not agree to pass the paragraph of reducing employees' salaries or imposing taxes on them in the 2021 budget."

He added that "if the budget includes a paragraph of the value of the new exchange rate, the House of Representatives will not pass it, and it will guarantee job grades by law."

And Khafaji added that "members of the House of Representatives will pass what they see appropriate."

Earlier, a member of the Finance Committee in the Iraqi Parliament, Muhammad al-Shabki, ruled out today, Saturday (March 13, 2021) the passage of the 2021 budget bill this week.

Al-Shabaki said in an interview with (Baghdad Today), "The differences over the draft budget law for 2021 are still continuing, despite the meetings and dialogues that have been going on for a long time, so passing the budget on Monday or during the current week is unlikely to the depth of these disagreements."

And he indicated, "The Iraqi Council of Representatives needs more time to resolve these differences," noting that "everyone agrees to pass the 2021 budget, by consensus and agreement, and it may be passed during the next week or later."

The vote on the federal budget law for the current year was included on the agenda of next Monday's session, after submitting a request from 150 deputies in Parliament

[6ly410]

 

A deputy reveals a new price for the dollar in the budget .. and explains about the region’s share

Posted 1 hour ago

https://iraqakhbar.com/2966470

News source / NR TV

News source / NR TV

The deputy, Rami Al-Skiny, confirmed, on Saturday, that the 2021 budget will be included in the agenda of Parliament for a vote on it at its next session, while he made clear that differences still exist regarding the reduction of the dollar exchange rate and the Kurdistan Region’s share, as many members object to it and see it as exaggerated, and that it is Above entitlement.

Al-Skini said, to NRT Arabia today, (March 13, 2021), that "the budget will be included on the agenda of the House of Representatives with controversial points, including the dollar exchange rate, the share of the Kurdistan region, and other matters."

And he stated that "Parliament submitted an objection to the exchange rate of the dollar, although it clarified that there is no financial or monetary policy for the government when the exchange rate is listed at 145 thousand dinars, and this is what caused a crisis in the Iraqi market (the local market)."

He added, "Yes, there are proposals from many members of Parliament that the exchange rate for the $ 100 be 130,000 Iraqi dinars, and this is an acceptable price, and the local movement has been applied is fine, but the vision of the Central Bank and the financial policy for the Ministry of Finance wants to keep it at the high price 145 thousand." Dinar".

He continued, "This paragraph can remain for the selection of members of the House of Representatives on the day of the vote. Will they vote on this exchange rate, and if the exchange rate changes, many financial implications and the financial vision for the 2021 budget will change."

He continued, "There are objections to many of the House of Representatives on the share of the Kurdistan Region, and that it is exaggerated and given above its entitlement, and more than 11 trillion is given to the Kurdistan Region and one trillion and a thousand to the Basra Governorate. This is the prejudice and unfairness of this province in return for the region's imports."

And he added, "Also, these controversial paragraphs can be submitted to the vote and will remain for the opinions of members of the House of Representatives on the day of the vote

[6ly410]

Conscious / adjusting the exchange rate of 1200 dinars ... Deputy: The decision is exclusively by two sides

March 13, 2021 316 Views

https://al-iraqinews.com/archives/115665

Conscious / Baghdad

Deputy Sabah Al-Akaili confirmed that changing the exchange rate from its previous rate of 1200 dinars to its current price, which exceeds 1450 dinars, was made by a decision of the government and the Central Bank to reduce the large deficit in the budget.

"The exchange rate of the dollar has not changed as a result of supply and demand, but rather by a decision by the Iraqi government and the Central Bank to reduce the large deficit in the general budget, so these two parties are obligated to adjust the exchange rate of the dollar and re-raise the price," Al-Aqili said in a press statement. The dinar, or providing support to the poor classes, which have been greatly affected as a result of the rise in the dollar.

He added that "the survival of the dollar exchange rate in its current position in light of the deterioration of the living conditions of most Iraqi families will generate great political and popular pressure on the Iraqi government and the Ministry of Finance," noting that "the economic situation of Iraq has somewhat improved, and the percentage of deficit in the general budget has decreased by half due to The return of high oil prices, and there is no need for the dollar’s exchange rate to remain as it is, because it has a great impact on the poor class

[DinarThug]

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The Kurdish delegation goes to Baghdad one day before the date to vote on the budget

 

 

18:03 - 13/03/2021

 

 

The leader of the Kurdistan Democratic Party, Repin Salam, confirmed, Saturday, that the Kurdish delegation headed by the Vice President of the Kurdistan Regional Government, Qubad Talabani, will go to Baghdad on Sunday.

"The Kurdish delegation will return to Erbil tomorrow, to hold intensive meetings with the political blocs in an attempt to persuade them to vote on the region’s share in the next Monday's session," Salam told / Al-Maaloumah.

He added that "we have an agreement with the federal government and we have implemented the conditions requested by Baghdad regarding the delivery of oil and the proceeds of the border crossings, and we expect to reach an agreement with the political blocs that settles the debate, because it is impossible to go to vote on the budget with a majority system."

The House of Representatives had set next Monday as a date for voting on the general budget, while the region’s share is still the biggest obstacle to resolving the vote. 

[DinarThug]

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Jamal Cougar: The Budget Cannot Be Passed Without The Region’s Share 

 

13th March, 2021

Member of the Finance Committee, Jamal Cougar, ruled out passing the budget law while postponing the Kurdistan share. 

Cougar said "to the independent" that the exchange rate of the dollar is decided and the House of Representatives does not have any authority to pass it, pointing out that the budget can not be passed without deducting the share of the region in it.

And he indicated that the region's share in the 2021 budget is a red line and it cannot be waived or voted without it being present.

[DinarThug]

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Al-Fath: We are surprised at the financial and central submission to the pressure of the International Monetary Fund regarding the dollar exchange rate

 

 

 

15:30 - 13/03/2021

 

 

On Saturday, the Al-Fateh Alliance criticized the central bank and the Finance Ministry's submission to the pressures exerted by the International Monetary Fund regarding not raising the dollar exchange rates.

A member of the coalition, Hamid Al-Mousawi, said in a statement to Al-Maaloumah Agency, that “there are internal parties that do not consider the disastrous effects that the collective refusal to keep exchange rates will be the same,” stressing that “these parties put pressure on the Ministry of Finance and the Central Bank to keep prices.

The exchange as it is for personal purposes and mono benefits.

 

He added, "The insistence of the financial authorities in the state to keep the exchange rates as they are without serious and real scientific and economic study has caused the delay of many works and projects that are awaiting the citizen who has fallen victim to ill-considered government decisions."

He noted that "this insistence pushed the government to find solutions to compensate the contractors who were affected by the high exchange rates in addition to the small sectors that are close to collapse." 
 

He pointed out that "government losses in light of the current exchange rates will be greater and will exhaust future budgets, and we have presented evidence and evidence in this regard."

[DinarThug]

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Parliamentary Finance unveils a proposal regarding employee leave and the difference in oil in the budget

 

 

13th March, 2021

 

The Parliamentary Finance Committee revealed a proposal in the 2021 budget regarding leave for employees, while it indicated the price of a barrel of oil at $ 64 to meet expenses

Committee member Majida Al-Tamimi said in an interview with the Iraqi News Agency, which was followed by "Al-Eqtisad News", that "the committee made an amendment to Article 27 first regarding employee leave, which included submitting a proposal that the employee who has 5 years is entitled to take the five-year leave with a nominal salary one time

She added that "the proposal included calculating the leave for retirement purposes, provided that retirement pensions and all deductions be paid during his enjoyment of the leave," indicating that "the proposal includes the employee's eligibility to work in the private sector

On the other hand, Al-Tamimi pointed out that "the deficit in the current year budget amounts to 28.6 trillion, which requires the need for more than 19 billion dollars to reach the break-even point between revenues and expenditures."
Expenditures require an oil price of $ 64." 
 

She pointed out that 

"Iraq has internal and external obligations and debts,

indicating that

"the increase in the price of oil for what is decided in the budget will cover the deficit in the budget”

 

Earlier, the Parliamentary Finance Committee explained that there is a possibility to change the price of a barrel of oil in the 2021 budget

[DinarThug]

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Parliamentary Finance announces the setting of a new date for voting on the budget

14th March, 2021

Today, Sunday, the Finance Committee in the Iraqi parliament revealed that the paragraph on voting on the 2021 budget bill has been lifted from the agenda of the council's session for tomorrow, Monday.

A member of the committee, Muhammad al-Shabaki, told Shafaq News, “The Iraqi Council of Representatives has lifted the paragraph on voting on the 2021 budget bill from the council’s session agenda for tomorrow, Monday, and made the vote on the budget next Tuesday.”

And between reticulate; The postponement of the vote on the budget came due to the presence of technical notes on the law, amendments must be made to it and meetings regarding it, and the disagreement over the region’s share is still going on, and that is why it was postponed for one day, in order to reach final solutions, especially with the intention to pass the budget during the week Present".