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

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Minister of Planning and Finance arrived in Parliament

Posted 49 seconds ago

https://iraqakhbar.com/2995264

News source / Iraqi Media News Agency "INA"

News source / Iraqi Media News Agency "INA"

 

Baghdad / h. G

The Ministers of Planning and Finance arrived, today, Sunday, to the House of Representatives.

A representative source told "Tigris", "The Ministers of Planning, Khaled Battal and Finance, Ali Abdul-Amir Allawi, go to the House of Representatives

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Parliamentarian calls for an end to the heresy of consensuses and for the budget to be passed by the political majority

Posted 36 seconds ago

https://iraqakhbar.com/2995221

News source / Alsumaria channel

The source of the news / Alsumaria channel

Mona Al-Gharabi, the deputy for the Al-Fateh Alliance, called today, Sunday, to pass the federal budget in today's session by the political majority, stressing the importance of ending the heresy of consensuses with regard to the share of the Kurdistan region.

 

Al-Gharabi said in an interview with Alsumaria News, “The House of Representatives has waited for a long time, to reach a final solution in the issue of the Kurdistan region’s budget share, but the region’s insistence on not handing over its duties to the federal government and their desire to repeat the scenario of previous budgets through procrastination and procrastination. Time and the embarrassment of Parliament prevented this file from being resolved, which caused a delay in the budget for nearly two months.

 

Al-Gharabi added, "The masses await the vote on the budget, as it will address the local economic stagnation in addition to being a reassuring factor for all," noting that "budget legislation was delayed as a result of waiting for understandings in closed rooms with the shuttle delegations coming from the region."

She pointed out that “the Presidency of the House of Representatives has to apply the law and the internal system of Parliament and that the budget is presented to vote and put all proposals on the contentious articles and leave the option for members of Parliament to vote by majority as they see fit and serve the public interest away from the courtesies that have not been achieved for the people of the center, the south and our regions, but devastation due to a shortage. Services and infrastructure are dilapidated

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Al-Halbousi chairs a meeting to complete the requirements of the budget law legislation

Posted 1 hour ago

https://iraqakhbar.com/2995147

News source / Iraqi Media News Agency "INA"

News source / Iraqi Media News Agency "INA"

 

Baghdad / h. G

Today, Sunday, Parliament Speaker Muhammad al-Halbousi chaired a parliamentary meeting to complete the requirements of enacting the budget bill.

A representative source told (Iraqi Media News Agency /) that "Al-Halbousi chaired a meeting of the Finance Committee to complete the requirements of legislating the 2021 Budget Law

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The Finance Committee anticipates the budget session with an 'important' meeting

Posted 2 hours ago

https://iraqakhbar.com/2995013

News source / Alsumaria channel

The source of the news / Alsumaria channel

Today, Sunday, the Parliamentary Finance Committee held a meeting to settle the provisions of the budget law, prior to the session for passing them this evening.

 

The Media Department of Parliament said in a statement that Alsumaria News obtained a copy of, that "the Finance Committee in the House of Representatives held a meeting to finalize the paragraphs that were amended in the Budget Law."

 

The political blocs had held a meeting today with the delegation of the Kurdistan Regional Government, with the aim of resolving the differences that revolve around the federal budget.

 

 

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The arrival of the Ministers of Planning and Finance to the House of Representatives

Posted 33 seconds ago

https://iraqakhbar.com/2995253

News source / Mawazine News

 

News source / Mawazine News

06:15 - 28/03/2021

Baghdad -

Minister of Finance
Ali Allawi and Planning Khaled Battal arrived , on Sunday, to the House of Representatives building, to attend the voting session
on the draft Federal Budget Law for the fiscal year 2021.
Our correspondent said,
“The Minister of Finance, Ali Allawi, and Planning Minister Khaled Battal, arrived at House of Representatives building ”.
He added,
"The House of Representatives is preparing to hold the scheduled session at exactly seven in the evening."
It is scheduled that
the House of Representatives will hold a voting session today, at 7:00 pm, on the draft
Federal Budget Law for the fiscal year 2021

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New developments in the session on the budget vote

https://shafaq.com/ar/سیاسة/تطورات-جديدة-بجلسة-التصويت-على-الموازنة

•  

 2021-03-28 08:48

A-AA+

Shafaq News / The representative of the Parliamentary Wisdom bloc, Ali Al-Badiri, revealed on Sunday that the political blocs agreed to resolve the federal budget law for 2021, in today's session, or the possibility of postponing until next Thursday as the maximum date.

Al-Badiri said, to Shafaq News, that "the political blocs agreed to vote on the federal budget law, this week, and not to postpone it until next week."

He added that "there are meetings between the Presidency of Parliament and the heads of political blocs and the Parliamentary Finance Committee, to reduce obstacles and controversial points to resolve the draft budget law in today's session."

Al-Budairi added, "There is insistence and determination on the part of parliament members to vote on the budget law in today's session," noting that "the percentage of votes on the draft law in today's session is 70%."

He pointed out that "the political blocs agreed that Thursday is the maximum date to postpone voting on the budget, in the event that no agreement is reached for a vote on it in today's session."

The House of Representatives failed to vote on the federal budget bill for 2021, due to the continuing disagreements over some items.

The budget allocations are estimated at 130 trillion Iraqi dinars (about $ 89.6 billion).

Article 11 of the draft budget relates to the share of the Kurdistan Region, and stipulates that it will deliver 250 thousand barrels of oil per day, with tax revenues to Baghdad, in return for receiving 12.6 percent of the budget.

However, some political blocs are demanding that the article be amended to include a text that holds anyone who decides to spend these funds to the region legally responsible if their oil is not delivered to the federal government.

Political blocs also reject what was stipulated in the budget to exclude a segment of citizens whose monthly salaries exceed 1.5 million dinars (about $ 1030) from benefiting from the ration card, which is a program for the distribution of food rations to the population that has been followed since the imposition of the blockade on the country in the nineties of the last century.

And other blocs refuse to vote on the budget if the exchange rate of the dinar against the dollar is not modified, by returning it to its normal condition 1168 thousand dinars per ($ 100) instead of 1450 per ($ 100).

Iraq relies on oil sales revenues to finance about 95 percent of state expenditures, and is suffering a stifling financial crisis, as a result of the decline in crude prices under pressure from the Corona pandemic.

 

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Iraqi unions and federations announce their position on the 2021 Budget Law and offer nine solutions

https://shafaq.com/ar/سیاسة/النقابات-والاتحادات-العراقية-تعلن-موقفها-من-قانون-موازنة-2021-وتطرح-تسعة-حلول-بش-نها

•  

 2021-03-28 07:42

A-AA+

Shafaq News / On Sunday, Iraqi unions and federations announced their position on the federal budget law for 2021, while nine solutions were proposed according to their vision regarding this law.

This came during a meeting of the Iraqi trade unions and federations, in the Engineers Syndicate Club, to discuss the general budget law and define the most important observations about it.

The trade unions stated in a statement, followed by the head of the Iraqi Bar Association, Diaa Al-Saadi, in which she clarified her vision regarding the budget, in which she indicated that "the method of preparing this budget did not differ from its predecessors, as it is a budget for items and not a budget for programs and objectives, contradictory to the so-called (white paper)) ".

The trade unions and federations warned against "selling the state's assets, including real estate and agricultural lands, as this would return Iraq to the era of feudalism with new, old faces."

She explained, "This enables parasitic powers to seize assets that are supposed to belong to the whole Iraqi people, and make them control the fate of segments whose living potentials are declining daily."

The union and federations statement described the proposed budget as “the absence of social justice that goes to imposing arbitrary taxes on the citizen to overcome the problem of the default deficit in public expenditures, and to establish the privileges of specific groups, which means that the majority affected by the policies of influential forces will pay a heavy price in the attempts of these forces. Overcoming crises of her own making. "

The trade unions and federations proposed solutions for the budget, which they summarized in nine points, which included “pressure of expenditures by reducing the privileges of the three presidencies and special ranks, stopping the disbursement of more than one salary in all cases, and exempting low-income groups from taxes.

And she stressed the need to "postpone the sale of state assets until the approval of laws regulating the process and put up for public debate, directing state allocations towards infrastructure, and facilitating procedures for internal and external investment operations."

The trade unions and federations demanded, according to its statement, to develop "radical solutions to the problems between the region and the center, and to increase the specializations for protecting the poor, hard-working and low-income people, as well as providing job opportunities for the unemployed."

 

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Ministers of Finance and Planning arrive in Parliament to settle the budget bill

https://shafaq.com/ar/سیاسة/وزيرا-المالية-والتخطيط-يشاركان-باجتماع-برلماني-لحسم-مشروع-قانون-الموازنة

•  

 2021-03-28 09:25

A-AA+

 

Shafaq News / The Minister of Finance and Planning arrived, on Sunday, to the House of Representatives to finalize the draft federal budget law for 2021, and put it forward during today's session for a vote.

 

Shafaq News Agency correspondent said that Finance Minister Ali Allawi and Minister of Planning Khaled Battal arrived in Parliament to participate in finalizing the draft budget bill.

 

He pointed out that the Parliamentary Finance Committee held a meeting to find solutions to some controversial points in the budget law.

 

The deputy for the parliamentary wisdom bloc, Ali Al-Badiri, had revealed earlier today that the political blocs agreed to resolve the federal budget law for 2021, in today's session or the possibility of postponing until next Thursday as the maximum date.

 

Al-Badiri said, to Shafaq News, that "the political blocs agreed to vote on the federal budget law, this week, and not to postpone it until next week."

 

He added that "there are meetings between the Presidency of Parliament and the heads of political blocs and the Parliamentary Finance Committee, to reduce obstacles and controversial points for resolving the draft budget law in today's session," stressing that "there is insistence and determination on the part of parliament members to vote on the budget law in today's session," indicating that "The vote on the bill in today's session is 70%."

 

The House of Representatives failed to vote on the federal budget bill for 2021, due to the continuing disagreements over some items.

 

The budget allocations are estimated at 130 trillion Iraqi dinars (about $ 89.6 billion).

 

Article 11 of the draft budget relates to the share of the Kurdistan Region, and stipulates that it will deliver 250 thousand barrels of oil per day, with tax revenues to Baghdad, in return for receiving 12.6 percent of the budget.

 

However, some political blocs are demanding that the article be amended to include a text that holds anyone who decides to spend these funds to the region legally responsible if their oil is not delivered to the federal government.

 

Yesterday, Saturday, Deputy Speaker of Parliament Bashir Al-Haddad announced the results of the Parliamentary Finance Committee meeting with a number of ministers regarding the federal budget law, stressing the need to address the rise in food and commodity prices.

 

Al-Haddad said in a statement received by Shafaq News, after presiding over a joint meeting held in the Rashid Hotel in central Baghdad between the Parliamentary Finance Committee and the Ministers of Oil, Finance, Planning, Electricity, Reconstruction, Housing, Labor and Social Affairs and the Chairman of the Federal Service Council, that a detailed discussion and discussion of the articles and articles of the draft federal budget law for the year 2021 and included in the agenda of tomorrow's session.

 

He added that the budgets of the service ministries and the disbursement doors for service projects were studied in case the budget was approved.

 

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Exposing the position of the Kurdish blocs on passing the 2021 budget today

Sunday, March 28, 2021 6:02 PM

 

https://nnciraq.com/58737/

 

Private / National News Center

Today, Sunday, the deputy from the Kurdistan Democratic Bloc in the House of Representatives, Shabal Hassan, revealed the Kurdish blocs' position on approving the budget today.

Hassan said, in an interview with the "National News Center," that "the agreement between the Kurdish blocs has existed for days, and there is no problem for us to pass the budget."

She added, "It was assumed that the voting session on the budget would be held at three o'clock this afternoon, but it was postponed due to the failure of the blocks to agree on other files."

It is scheduled that the House of Representatives will hold a session for voting on the 2021 Budget Law today at 7:00 pm

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Official clarification regarding the abolition of a paragraph related to the region's share in the budget

• Time: 03/28/2021 19:03:36
• https://alforatnews.com/news/توضيح-رسمي-بشأن-الغاء-فقرة-خاصة-بحصة-الاقليم-في-الموازنة

{Policy: Al Furat News} The Parliamentary Finance Committee clarified, on Sunday, the details of the cancellation of a paragraph concerning the share of the Kurdistan region in the federal budget for the fiscal year 2021.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe click here

A member of the committee, Sherwan Mirza, said in a press statement that "the paragraph that was added to the text of the agreement between the negotiating delegation of the Kurdistan Regional Government and the Parliamentary Finance Committee, which stipulated that, in the event that the regional government does not abide by the agreement, Baghdad will not send any money. To Kurdistan. "
He pointed out that, "according to the agreement, the Kurdistan region produces 460 thousand barrels of oil daily, and after deducting the financial dues to the oil extraction companies and the costs of transporting oil and the petrodollar sums, the regional government must send to Baghdad the revenues of 250 thousand barrels of oil at the sale price set before The SOMO company, with half of the federal revenues, in return for that, Baghdad sends the financial dues to the region. "
Wafa Al-Fatlawi

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Al-Bajari reveals {to Euphrates News} the latest developments in the budget ahead of the discount session

• Time: 03/28/2021 18:23:39
• https://alforatnews.com/news/البجاري-تكشف-للفرات-نيوز-آخر-مستجدات-الموازنة-قبيل-جلسة-الحسم

 

{Policy: Al Furat News} The representative of the Iraqi coalition, Zahra Al-Bajari, revealed the latest developments in the federal budget for the year 2021, ahead of the discount session that will be held this evening, Sunday.

 

Al-Bajari confirmed {to the Euphrates News} "the desire of all political blocs to pass the draft budget law in today's session with reservations on some paragraphs."
She added, "There are reports of the end of the dispute over the region’s share and an agreement on it."
Al-Bajari pointed to "affirming the lecturers' section in the Ministry of Education and Contracts in the budget and excluding the daily procedure from it."
 With regard to the exchange rate of the dollar in the budget, Al-Bajari explained, "There is consensus to change it; but we are waiting for the opinion of the majority." 
The committee held a meeting chaired by Muhammad al-Halbousi, Speaker of Parliament, to finalize the paragraphs on which the amendments were made in the 2021 budget, before the voting session scheduled to be held at exactly seven o'clock this evening.

Wafa Al-Fatlawi

 

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Al-Baldawi reveals a parliamentary tendency to compel the government to reduce the exchange rate

https://alahadnews.net/178682/خاص-بوكالة-العهد-نيوز/

 

Author: AhadNA1 On 3/28/2021 - 3:44 PM 221

Today, Sunday, the MP for the Al-Sadiqoun bloc, Muhammad Al-Baldawi, revealed a parliamentary move to issue a decision obliging the government to reduce the exchange rate.
Al-Baldawi said in an interview with Al-Ahed News, "The decision to reduce the exchange rate according to the constitution is in the hands of the government and the Central Bank of Iraq, but what citizens suffer from the rise in commodity prices pushes us as representatives of the people to take a decision in this regard."
He added that "there is a parliamentary tendency to approve a law obliging the government to reduce the exchange rate

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Source of "Al Ahd News": The arrival of a Kurdish delegation from the regional government to deduct the Kurdistan's share of the budget

https://alahadnews.net/178550/خاص-بوكالة-العهد-نيوز/

Author: ahad6 On 3/28/2021 - 8:50 AM 107

An informed political source announced that a delegation from the Kurdistan Regional Government will arrive today, Sunday, in the capital, Baghdad, in order to settle the region's share in the budget with the political forces and the presidency of the Council of Representatives.

The source told Al-Ahed News, “The arrival of the delegation on the day of the vote suggests that there is an implicit agreement to resolve the issue today to prepare for the vote on the budget.”

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For Ahed News Agency

A deputy reveals to "Al Ahed News" the scenes of what is happening now in the House of Representatives

https://alahadnews.net/178774/العراق/السياسية/

 

Author: ahad7 On 3/28/2021 - 7:05 PM 92

Representative Nada Shaker confirmed that until now, the issue of the budget has not been resolved, and we are awaiting the results of the negotiations.

In an interview with Al-Ahed News, Shaker said, "Negotiations are still ongoing regarding the balancing act between the Kurdish delegation and the other blocs

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Deputy for Al-Fateh: There is no vote on the budget in the event that prices remain inflamed

https://alahadnews.net/178754/العراق/السياسية/

Author: AhadNA4 On 3/28/2021 - 6:16 PM 88

The deputy of the Al-Fateh Alliance, Mukhtar Al-Mousawi, confirmed, on Sunday, that the Shiite representatives will not vote on the budget in today's session in light of the prices remaining as they are.

Al-Mousawi said, in a press statement followed by Al-Ahed News, that "if the government insists on keeping the exchange rates at 1450 dinars per dollar, the Shiite representatives have confirmed that the budget will not be voted on, and therefore it will not be passed until after their demands are fulfilled."

He added, "The Shiite deputies are those who demanded not to vote on the budget and not their blocs, and that it will not be passed either today or elsewhere if the government does not submit to the demands of the deputies to return the exchange rate to its normal state."

He pointed out that "the differences do not center on the issue of exchange rates only, but the issue of regional oil and sending it via SOMO is part of the problem of disrupting the vote on the budget

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The last-minute discussions herald a new failure of the agreement between the Kurdish delegation and the Shiite blocs

Political | 05:44 - 28/03/2021

 

https://www.mawazin.net/Details.aspx?jimare=147424

 

Baghdad - Mawazine News
A representative source revealed, on Sunday, the renewed differences, which threaten the failure of negotiations between the Kurdish delegation and the Shiite blocs regarding the region's share.
A representative source said in an interview with Mawazine News that "the Shiite blocs still insist on handing over the region to 460 thousand barrels per day, and the Kurdish delegation insists on delivering only 250 thousand barrels."
He added, "The Shiite blocs rejected the proposal to hand over 250 thousand only, and the last-minute discussions may portend the failure of consensus and postpone the session today

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Follow Alsumaria newsletter .. the latest developments in the budget and the upcoming elections

https://www.alsumaria.tv/news/سياسة/377152/تابعوا-في-نشرة-السومرية-آخر-مستجدات-الموازنة-والان

2021-03-28 | 12:16

 

 

 

 Raging differences between the political blocs over the budget and parliamentarians describe the exchange rate as the biggest dilemma in the law.

= To prevent fraud and guarantee sovereignty ... The President of the Republic stresses the role of international monitoring of elections and conducting them as scheduled.

= Al-Fateh Alliance considers the "guarantee of sovereign payment" a dangerous step for the country's economy, and calls for an end to the assignment of special degrees.

 

= Kurdistan rings the alarm after the increase in the death rate in Corona, and the health of the region confirms: The intensive care departments are overcrowded with the injured

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Fitch" raises Iraq's credit rating after the procedures for reducing the exchange rate

 

Local currencies

https://economy-news.net/content.php?id=24621

money and business

Economy News - Baghdad Fitch International raised Iraq's credit rating from a negative outlook to stable in the long run. The rise in Iraq's classification is due to the direct impact of the decision to reduce the exchange rate on the basic economic and financial indicators that focus on reducing the balance of payments deficit and reducing the public debt-to-GDP ratio, as well as reducing the budget deficit as well as maintaining foreign reserves. The agency indicated that this is based "mainly on the decision to reduce the exchange rate of the dinar by 22.6% during the end of 2020, in addition to the improvement in oil prices and the government's approval of the white paper for economic reform." She explained that "the reduction in the exchange rate of the Iraqi dinar has led to a reduction in the demand for imported goods and services, which automatically reduced the demand for the dollar and reduced the current account deficit, thus preserving the foreign reserves at the Central Bank of Iraq." The agency added: "The government’s revenues from oil export sales increased due to the increase in production, the increase in oil prices, and the reduction in the exchange rate of the Iraqi dinar. The government's ability to cover expenditures and public sector salaries has increased, as oil sales in foreign currency constitute about 89% of the budget revenues." She pointed out that "this is what led to a decrease in the budget deficit expected for the year 2021 relative to GDP from 16.5% to 5%." "Reducing the Iraqi dinar exchange rate and the subsequent programs to support social groups would increase the financial solvency and creditworthiness of the Iraqi economy and maintain monetary stability, and this is useful in attracting capital and reassuring it towards investment in the Iraqi productive sectors and increasing economic growth opportunities," she stressed.

Number of observations 194,   date of addendum 3/28/2021

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State of law: We will not vote on the budget

Posted 27 seconds ago

https://iraqakhbar.com/2995373

News source / Iraqi Media News Agency "INA"

News source / Iraqi Media News Agency "INA"

 

Baghdad / h. G

The deputy of the State of Law coalition, Bahaa Al-Din Al-Nuri, confirmed today, Sunday, that his coalition will not vote on the budget law unless the exchange rate is returned, indicating that the budget will be passed in the event that the political blocs agree to reduce the exchange rate.

Al-Nouri said in an interview with (the Iraqi Media News Agency /) that “discussions are still continuing between Baghdad and the Kurdistan region,” indicating that “Baghdad adheres to the decision to hand over the region to 460 thousand barrels of oil, while Erbil rejects that decision, and wants to deliver 250 thousand barrels in addition. To half of the imports of the border outlets.

Regarding the exchange rate, Al-Nouri pointed out that "the State of Law coalition is determined to restore the exchange rate to what it was previously, and we will not vote on the budget if it is decided to maintain the current exchange rate."

He added, "The budget will pass if the political blocs agree to reduce the exchange rate, and solve the problem of the region," ruling out "holding a parliament session for today

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The three presidencies hold a meeting with the Kurdish delegation in the presence of the heads of political blocs

 

Sunday 28 March 2021 - 13:48

https://akhbaar.org/home/2021/3/281514.html

 

Baghdad (INA) - A representative source revealed, today, Sunday, that the three presidencies held a meeting with the Kurdish delegation in the presence of the heads of political blocs on the budget.

 

The source said to the Iraqi News Agency (INA): "The three presidencies held a meeting today with the Kurdish delegation and the Finance Committee in the presence of the heads of political blocs outside the House of Representatives building."

 

The source added that "the meeting aims to solve the outstanding problems around the budget

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Parliamentary finance meeting ends with an agreement on the region’s share

• Time: 03/28/2021 19:39:03
• https://alforatnews.com/news/اجتماع-المالية-النيابية-ينتهي-بالاتفاق-حصة-الاقليم

 

{Economist: Al Furat News} The meeting of the Parliamentary Finance Committee regarding the final touches on the articles included in the amendment in the 2021 budget bill has ended.

 

The meeting included agreement on the share of the Kurdistan region in the budget.

Parliament is scheduled to hold its regular session today to vote on the draft federal budget bill for 2021.

Ammar Al-Masoudi

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The end of the meeting of the Finance Committee and the political blocs without an agreement to pass the budget

Political | 07:43 - 28/03/2021

https://www.mawazin.net/Details.aspx?jimare=147435

The end of the meeting of the Finance Committee and the political blocs without an agreement to pass the budget