Parliamentary Finance: The 2021 budget will be passed by consensus of the political blocs

[yota691]

Sadikoun: We proposed the idea of passing the budget through understandings, but according to these criteria

15:54 - 03/09/2021

 

  

Information / Special ...

The Sadikoun Parliamentary Bloc confirmed, Tuesday, that the budget problem must be resolved to initiate the work and services that have been suspended because of it and that the people are waiting for, who stopped their situation because of them.

A member of the bloc, Muhammad al-Baldawi, told Al-Maalouma that, "We put forward the conditions for passing the budget and approving it in accordance with the principle of fair political understandings that guarantee the rights of all components without disparity and according to national standards that serve the interest of Iraq and the people first."

He added, "The distribution of rights and the granting of budget shares should not be confined to a governorate without another, and therefore there is a lack of haste in the distribution of wealth and approving the budget in this way will generate a new crisis for the country in need of it."

He noted that “the vision of Sadiqoun and the Al-Fateh Alliance is limited to overcoming crises, starting a new phase of work and ending the suffering of the people from the delay in the budget,” indicating that “its approval must ensure the continuation of business and the provision of services and not enter the country into a new economic spiral.”

He pointed out that "most of the political forces in Parliament have reached one conclusion after this delay, which is" to end the differences and move forward in meeting the needs of the governorates they represent, since most of the projects have stopped and the people's patience has begun to be implemented. "

[DinarDavo]

3 minutes ago, yota691 said:

 "Iraq and the people first."

 

hmmm.....sounds familiar.   

[horsesoldier]

Should read ...” GOI FIRST, if there’s time for anything else: good luck with that “

[rvmydinar]

2 hours ago, yota691 said:

serve the interest of Iraq and the people first."

Has the goi been smoking too much crack? Or Are they talking while sleepwalking? Or are they pretending to care about their own people to look good in front of other people?

[rvmydinar]

1 hour ago, horsesoldier said:

Should read ...” GOI FIRST “

Exactly right.

[yota691]

Sadikoun: We proposed the idea of passing the budget through understandings, but according to these criteria

15:54 - 03/09/2021

 

  

Information / Special ...

The Sadikoun Parliamentary Bloc confirmed, Tuesday, that the budget problem must be resolved to initiate the work and services that have been suspended because of it and that the people are waiting for, who stopped their situation because of them.

A member of the bloc, Muhammad al-Baldawi, told Al-Maalouma that, "We put forward the conditions for passing the budget and approving it in accordance with the principle of fair political understandings that guarantee the rights of all components without disparity and according to national standards that serve the interest of Iraq and the people first."

He added, "The distribution of rights and the granting of budget shares should not be confined to a governorate without another, and therefore there is a lack of haste in the distribution of wealth and approving the budget in this way will generate a new crisis for the country in need of it."

He noted that “the vision of Sadiqoun and the Al-Fateh Alliance is limited to overcoming crises, starting a new phase of work and ending the suffering of the people from the delay in the budget,” indicating that “its approval must ensure the continuation of business and the provision of services and not enter the country into a new economic spiral.”

He pointed out that "most of the political forces in Parliament have reached one conclusion after this delay, which is" to end the differences and move forward in meeting the needs of the governorates they represent, since most of the projects have stopped and the people's patience has begun to be implemented. "

[yota691]

The House of Representatives completes the report and discussion of the agricultural land lease bill

Monday 08, March 2021 22:17 | Economical Views: 823

Baghdad / NINA / The House of Representatives has completed the report and discussion of the draft law on renting agricultural lands. / Ended 5

[yota691]

MP: Parliamentary consensus to pass the budget by a majority in next Monday's session

Political| 11:31 - 10/03/2021

 

 

 

 

BAGHDAD - Mawazine News
, Representative in the House of Representatives, Mansour Al-Baiji, confirmed, on Wednesday, that the budget will be passed by a majority in a session on Monday, and there is consensus on that.
Al-Baiji said, in a statement that Mawazine News received a copy of, that "the country's general budget will pass by a majority inside the parliament and there is unanimity among the deputies to pass it, after it has settled and amended all its paragraphs except for the region’s share that has not yet been settled."
He added, "The Kurdistan Regional Government does not want to reach a solution to settle the region’s share of the budget, and it has been procrastinating throughout the previous period and the approval of the budget has been delayed to this day because of the region. Therefore, more than 150 parliamentary signatures were collected in order to present the budget for passage."
Al-Baiji continued: "After the consensus that occurred among the representatives on the incompatibility at the expense of our governorates with the general budget of the country, as it used to happen previously with the regional government, the signatures were collected to present the budget law at the nearest session in order for it to be passed because it was too late and this delay could not continue because the only one affected by it. All sons of the Iraqi people. "
He pointed out, "The regional government must obey the law and the constitution as is the case in other provinces, and hand over all its revenues to the central government, but do not procrastinate on that because our Kurdish people are the ones affected and they must realize well that the regional government is the reason."
Al-Buaiji concluded by saying: "Therefore, justice must be applied between all governorates and the region, because it is not possible or reasonable to hand over a share to the Kurdistan Regional Government, and it does not hand over to the federal government anything. Therefore if the regional government wants its share of the budget, it must hand over its revenue in full, otherwise we will not vote on its share." In the current year’s budget, as happened with the borrowing law. ”Ended 29 / A43

[yota691]

Deputy: unanimous approval of passing the budget by a majority in the Monday session

•  Time: 03/10/2021 11:32:00
•  
•  Read: 3,627 times

  

(Baghdad: Al-Furat News) MP Mansour Al-Baiji confirmed, today, Wednesday, that the country's general budget will pass by a majority inside the parliament and there is unanimity among the deputies to pass it after it has settled and amended all its paragraphs except for the region’s share that has not yet been settled.

Al-Baiji said in a statement that Al-Furat News received a copy of, that "after the consensus that occurred among the deputies on the disagreement over the account of our governorates with the country's general budget, as was the case previously with the regional government, signatures were collected to present the budget law at the nearest session in order to pass it because it was late "This delay cannot continue because the only victims of it are all the Iraqi people."

Al-Baiji added, "The regional government must obey the law and the constitution, the same as other provinces, and hand over all its revenues to the central government, but not to procrastinate on that, because our Kurdish people are the ones affected and they must realize very well that the regional government is the reason."

And he added: "Therefore, justice must be applied between all governorates and the region, because it is not possible or reasonable to hand over a share to the Kurdistan Regional Government, and it does not hand over to the federal government anything. Therefore if the regional government wants its share in the budget, it must hand over its revenues in full, otherwise we will not vote on its share in the budget. This year, as happened with the law on borrowing. "

Earlier, the Speaker of Parliament, Muhammad al-Halbousi, had directed that the draft federal budget bill for 2021 be included in the parliament session scheduled for next Monday.

A statement by Al-Halbousi's office, Al-Furat News received a copy of it, stated that "the latter’s directive came upon a request submitted by Representative Yousef Al-Kalabi signed by 150 deputies."

[yota691]

An Iraqi lawmaker outlines a method that would “force” the government to change the exchange rate

 

 

913 Policy 2021/03/10 15:49 Baghdad Today -

Follow-up A member of the Parliamentary Economic and Investment Committee, MP Mazen Al-Faili, confirmed that the parliament could reject the provision of raising the exchange rate in the budget, while specifying a method that he said would put the government before the option to amend it. "The dollar exchange rate, if it is rejected by most of the political blocs in the House of Representatives, will return the budget to the government in order to adjust the exchange rate and it will be forced," Al-Faili said in a televised interview. He added, "There is no justification for raising the dollar’s exchange rate with the rise in oil prices to $ 70." And a member of the Parliamentary Finance Committee, Jamal Cougar confirmed, on Sunday (07 March 2021), 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. Cougar said in an interview with (Baghdad Today), "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 exchange rate of the dollar." He added, "Those 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." "It is difficult for the government to go in this direction, because changing the exchange rate or returning it to its previous price needs to be reformulated again," he said. Last Thursday, the representative of the Saeron Alliance, Riyad Al-Masoudi, confirmed that the Finance Committee in Parliament said that adjusting the exchange rate of the dollar must be done through a request submitted by Parliament to the Iraqi government. Al-Masoudi said, in an interview with (Baghdad Today), that "the monetary policy, fiscal policy and economic policy are set by the Iraqi government in accordance with the Iraqi constitution," indicating that "the invitation of the First Deputy Speaker of Parliament, Hassan Al-Kaabi, for a parliamentary stand in order to reduce the exchange rate of the dollar, came after an intervention To MP Anaam Al-Khuzaie, it came within this context, and the session was not devoted to discussing the budget or the exchange rate of the dollar. And that "Al-Kaabi stressed the need for the political forces to meet, on the issue of reviewing the exchange rate of the dollar, and this claim cannot be made individually from a deputy or a concerned bloc." He added that "there must be a request from the Iraqi Parliament, through the Finance Committee of the Iraqi government, to reconsider the issue of the dollar exchange rate, especially since the Finance Committee has representation from all political forces." The dollar exchange will submit the request. " Earlier, First Deputy Speaker of Parliament, Hassan Al Kaabi, called for a parliamentary pause to return to the previous dollar exchange rate. Al-Kaabi said, according to an official statement during a session on Wednesday, that "the increase in the exchange rate of the dollar has a negative impact on the Iraqi citizen's life, and for economic stability in general. He added, "There is a need for a serious and urgent pause for all members of the House of Representatives and the Parliamentary Finance Committee to return to the previous exchange rate." In response to the parliamentary calls to amend the exchange rate, Finance Minister Ali Allawi said in a press interview that "the dollar exchange rate is a governmental decision that cannot be changed daily as desired," indicating that "the markets have accepted the current exchange rate and will give incentives over the coming years to the private sector and strengthen the reserve." His expression. The increase in the exchange rate caused an increase in the prices of imported goods, while members of the Parliamentary Finance Committee confirmed that raising it to 1,450 dinars against the dollar had harmed citizens twice, first because it reduced the value of their salaries and also because it raised the prices of goods in the market.

[yota691]

Al-Karawi: 90 percent of the budget files are settled, and the problem with "Kurdistan" is still present
Editing date: 3/9/2021 20:58 • 91 read times
Al-Karawi: 90 percent of the budget files are settled, and the problem with "Kurdistan" is still present
[Baghdad_Where]
MP Abdul Khaleq Al-Azzawi confirmed, on Tuesday, that 90% of the budget files have been settled, while indicating that the problem with Kurdistan still exists.
Al-Azzawi said, “Next Monday, two important draft laws will be presented. The first concerns the completion of the vote on the Federal Court’s law, as it is the most important framework in the course of the upcoming elections, and the second is the budget that represents the most important laws in the country, especially since the Finance Committee handed over the budget to the Presidency of the Council more than 20 days after completing the mechanisms of auditing and discussions.

Al-Azzawi added, "90% of the budget files are settled, but the problem with the Kurdistan region on the issues of oil and its export and border crossings still exists, pointing out that political consensus is a very important framework in resolving complications, and we hope that discussions in the coming days will reach a framework that leads to consensus in resolving." Budget file ”.

The budget law is one of the most important laws that define the state’s path in the financial framework and formulate government spending policy in all ministries.

[yota691]

Analyst: The Minister Of Finance's Adherence To The Terms Of The IMF Is An Affront To The Dignity Of Iraqis

On March 9, 2021

 

Al-Mustaqillah / - Political analyst Hazem Al-Bawi considered that Finance Minister Ali Abdul-Amir Allawi had invoked the conditions of the International Monetary Fund (IMF) in the austerity imposed on the people, an outrage to the dignity of Iraqis and an insistence on exposing them to more unfair pressures.

 

Al-Bawi said in a press statement followed by Al-Independent today, Tuesday, that "the minister has forgotten or forgotten that the Al-Abadi government sought to enter Iraq in 2014 under the unfair conditions of the International Monetary Fund and remove the hand from the sectors of health, education and the ration card, contrary to the constitution."

He added that "Al-Abadi's government was the first to march unjustified imposed austerity, deduct the salaries of employees and raise the fees for communications to citizens, which caused a state of boil and great popular anger that Iraq is under its weight until now."

Al-Bawi stressed the need for political and economic decision-makers to learn from that bitter experience and not to risk their credibility in front of the people who know well that the budget has been calculated at $ 43 per barrel of oil, while the price of Iraqi oil is sold today at $ 53 in OPEC and may reach higher than that, which negates the need. Unjustified austerity.

[DoD]

7 hours ago, yota691 said:

Deputy: unanimous approval of passing the budget by a majority in the Monday session 

 

Therefore if the regional government wants its share in the budget, it must hand over its revenues in full, otherwise we will not vote on its share in the budget. This year, as happened with the law on borrowing. "

 

Well this is the reason for the budget delay. 

If the GOI is demanding that Kurdistan turn over all their resources to the federal government (Baghdad) just like the other areas to receive a share of the budget the crooked Barzani an Talibani families would no longer have a region to steal from. Gonna be interesting to see if the crooked Kurds gives up their border entry money as well as their oil money for a share of the budget. 

[3n1]

5 hours ago, DoD said:

Gonna be interesting

 

agree DoD , would the peshmerga army fall under baghdad's control if all kurdistan resources go to baghdad's coffers , like most things in life its probably more complicated than it appears ... im just ready to have a bankable iqd however iraq plans to get international ...cheers

 

[jcfrag]

Not gonna happen, I call BS on them asking for it all when 250,000 barrels a day has been agreed upon for years now...  🤔

[yota691]

Wednesday 10 March 2021 | 11:39 a.m.

| Views: 213

Deputy: The budget will be passed by a majority in a session on Monday, and there is consensus on that

 

MP Mansour Al-Baiji stressed that the country's general budget will pass by a majority inside the parliament, and there is unanimity among the deputies to pass it after it has settled and amended all its paragraphs except for the region’s share that has not yet been settled.

He explained that the Kurdistan Regional Government does not want to reach a solution to settle the region’s share of the budget, and it has been procrastinating throughout the previous period and the approval of the budget has been delayed to this day because of the region. Therefore, more than 150 parliamentary signatures were collected in order to present the budget for passage.

MP Mansour Al-Baiji said in a press statement, after the unanimity that occurred between the representatives of the representatives on the incompatibility on the account of our governorates in the general budget of the country, as was the case previously with the regional government. Because the only one affected by it are all the Iraqi people.

Al-Baiji added that the regional government must obey the law and the constitution, as is the case in other provinces, and hand over all its revenues to the central government, and that it does not procrastinate because our Kurdish people are the affected and they must realize well that the regional government is the reason.

Therefore, justice must be applied between all governorates and the region because it is not possible or reasonable to hand over a share to the Kurdistan Regional Government, and it does not hand over to the federal government anything. Therefore, if the regional government wants its share in the budget, it must hand over its revenues in full, otherwise we will not vote on its share in the current year’s budget. He obtained by law borrowing

[yota691]

The House of Representatives intends to pass the 2021 budget by majority in Monday's session

 

Iraqi Parliament. "Internet"

money and business Economy News - Baghdad Representative Mansour Al-Ba'ji confirmed that the budget will be passed by a majority in a session on Monday, stressing that there is unanimity on that. Al-Baiji said in a statement seen by "Al-Eqtisad News", that "the general budget of the country has been settled and amended with the exception of the share of the Kurdistan region, which has not yet been decided, stressing that it will pass by the majority inside the parliament and there is unanimous approval among the deputies to pass it." Al-Baiji considered that "the Kurdistan Regional Government does not want to reach a solution to settle its share of the budget, and it has stalled throughout the previous period and the approval of the budget has been delayed to this day because of the Kurdistan region. Therefore, more than 150 parliamentary signatures were collected in order to present the budget for passing it." The MP explained that "after the consensus that occurred among the representatives on the incompatibility on the account of our governorates with the general budget of the country, as it used to happen previously with the Kurdistan Regional Government, the signatures were collected to present the Budget Law at the nearest session in order for it to be passed because it was too late and this delay could not continue because the affected person The only one of them is all of the Iraqi people. " He added, "The Kurdistan Regional Government must obey the law and the constitution as is the case in other provinces, and hand over all its revenues to the central government, and do not procrastinate on that, because our Kurdish people are the ones affected, and they must realize well that the Kurdistan Regional Government is the reason." Al-Baiji stipulated that if he wants "his share of the budget, he must hand over his revenues in full, otherwise we will not vote on his share in the current year’s budget, as happened with the borrowing law." A share to the Kurdistan Regional Government, and he does not hand over anything to the federal government. "

Number of observations 624   Date of addendum 03/10/2021

[yota691]

"Suspicious" signs of making adjustments to the budget with "the secret"!

2021-03-10

Yes Iraq: Follow up

 

The economic expert, Abd al-Rahman al-Sheikhly, confirmed that the 85% of the amendments made to the budget by Parliament did not affect the life of the citizen, indicating that there are matters that took place in the corridors of the House of Representatives, the Finance Committee and members of Parliament that they are not aware of.

 

Al-Sheikhly said in a press statement that "Parliament has made amendments to the draft budget law and reached more than 85%, according to what the Finance Committee stated."

 

He added that "these amendments did not affect matters of concern to the citizen, including social welfare allocations, ration card allocations, and dollar exchange rates," noting that "secret agreements and amendments are taking place in the dark corridors and in the financial committee that even the committee members are not aware of according to deals prepared for that."

 

He explained that "the most important paragraph in the budget that the parliament overlooked is the ration card allocations," noting that "the budget came with allocations for the ration card twice as it was brought by previous budgets. The council did not ask the government where the allocations of previous years were, and the citizen did not receive any of the card items."

[yota691]

A member of Finance clarifies the fact that passing the budget is obstructed due to the adjustment of the dollar exchange rate

 

 

2,045 Policy 2021/03/09 18:41 Baghdad Today -

Baghdad , a member of the Finance Committee in the Iraqi Parliament, Muhammad Ibrahim, revealed today, Tuesday, the fact that the passage of the budget bill in 2021 was obstructed due to the amendment of the exchange rate of the dollar against the Iraqi dinar. Ibrahim said, to "Baghdad Today," that "adjusting the exchange rate of the dollar against the Iraqi dinar is not an obstacle. As for passing the budget law in 2021, this matter is not from the authority of Parliament and the government is the one who sent this price, and we are obligated to vote on it, because the government has an economic plan." Interested in implementing the budget project. " And that "the Parliament's Finance Committee, did not ask the Iraqi government to amend the exchange rate of the dollar against the Iraqi dinar, as it knows that its response will be rejected, but there are those who want to bid on the Finance Committee, and he knows very well that this matter cannot be modified or deleted by Parliament." It is exclusively within the powers of the executive authorities. And a member of the Parliamentary Finance Committee, Jamal Cougar confirmed, today, Tuesday, that the current exchange rate of the dollar adopted by the government in the 2021 budget bill was an emergency option and will continue until another budget bill comes. "The International Monetary Fund suggested to the Central Bank to raise the price of the dollar to 1600, while the World Bank suggested raising it by 1450, and the government went with this option," Cougar said . He added, "It is not possible for the country to remain in constant confusion, through calls for a reduction or restoration of the exchange rate to its previous state. Therefore, the price of the dollar will remain constant until the coming of another budget." He stressed that "everyone should understand that this option was resorted to by the government, forced because the fiscal deficit in the budget bill before raising the exchange rate was 100 trillion dinars." Finance Minister Ali Allawi said in an interview with the Iraqi News Agency, "The exchange rate of the dollar is a government decision that cannot be changed daily as desired," indicating that "the markets have accepted the current exchange rate and will give incentives over the coming years to the private sector and strengthen reserves." The minister promised to "find stability by paying the salaries of employees on time," while noting that "the external debts amount to 60 billion dollars and the internal 70 trillion dinars."

[yota691]

Al-Tamimi: What we requested regarding Kurdistan oil data and part of the debt has not arrived yet

 

 

730 Policy 03/2021/10 20:54 Baghdad Today -

Baghdad MP Majda Al-Tamimi said that the Finance Committee has not yet received data related to the oil borders of the Kurdistan region and other data related to previous budgets. Al-Tamimi said in a press statement that she "asked the Kurdish delegation that is conducting negotiations with Baghdad regarding the region's share of the budget, to hand over data for many files." She explained that she "asked the Kurdish delegation for a map showing a map of the region's oil, and the numbers of all budgets from 2010 until now, to determine the size of the debt that Kurdistan has, or the size of the debt that Kurdistan says it deserves from the center." She added that "the data that I requested from the Kurdish delegation, part of it has arrived so far." Regarding the date for approving the budget, Al-Tamimi indicated, "Next Monday is a new date proposed to pass the 2021 budget," noting that "the Kurdish files have not been resolved until now." Member of Parliament Asaad Al-Morshedy confirmed earlier, that the House of Representatives session set for next Monday to put forward the budget bill for 2021 will be decisive, given that the only victim is the citizen from the delay in passing the budget. Al-Morshidi said in an interview with (Baghdad Today), "The budget is ready for voting and the parliamentary finances have sent the draft law to the Presidency in order to put it to vote next Monday." He added that "political differences between Baghdad and Erbil were behind the delay in approving the draft budget, and therefore it is inevitable to pass it in the next parliament session." And that "all economic projects are stalled in the country because of the delay in approving the budget, so the Iraqi citizen is the only one affected by what is happening," stressing that "the dismissal will be said to Parliament regarding the passing of the budget." The Speaker of Parliament, Muhammad al-Halbousi, agreed to include the 2021 budget bill on the agenda of the next Monday's session.

[yota691]

The Financial Committee reveals the fate of passing the budget and the amendment to the dollar price in it

2021-03-10

Yis Iraq: Baghdad
The Finance Committee in the House of Representatives said, on Wednesday, that the vote on the financial budget for the current year will be delayed, while it indicated that changing the exchange rate of the dollar is not one of the tasks of Parliament.
A member of the Finance Committee, Muhammad Ibrahim, said in press statements, that “changing the exchange rate of the dollar is not the task of the House of Representatives or its financial committee,” indicating that “the decision was taken after dialogue and understanding between the World Bank and the Central Bank of Iraq.”
He stressed, "Most of the paragraphs of the current year budget have been resolved," explaining that "the region's share, the oil agreement, and the provinces’ share of the regions ’development represent the main obstacle to the budget."
He believed, "The vote on the current year’s budget will be delayed, as a result of the failure to reach any agreed text from the government and political blocs, in addition to the disagreements over the articles pending the budget law."
He pointed out, "The Finance Committee proposed a solution to the region's problem in the budget, which includes that Kurdistan hand over to Baghdad all of its oil export imports, after excluding its share of domestic consumption, production and transportation expenditures and petrodollars, and another proposal that includes the delivery of the entire product only."
Parliament Speaker Muhammad al-Halbousi had directed that the budget bill be included on the agenda of next Monday’s session, based on a request signed by 150 deputies.

[rvmydinar]

5 hours ago, yota691 said:

"The vote on the current year’s budget will be delayed, as a result of the failure to reach any agreed text from the government and political blocs, in addition to the disagreements over the articles pending the budget law."

The budget will be delayed again and again? Is there a hidden agenda behind delaying the budget again? This isn't the first delays. It isn't surprising, is it. They have been delaying the budget many times. On the other hand, how come they never " delay the vacation "? The word " vacation " is the only important thing in their brains.

[yota691]

Iraqi Economists Network: The Parliamentary Finance Committee has exceeded its powers to amend the draft budget for 2021

 

Logo of the Iraqi Economists Network

money and business Economy News - Baghdad The Iraqi Economists Network announced that the Parliamentary Finance Committee exceeded its powers in amending the draft federal budget law for 2021, noting that the amendments of the Parliamentary Finance Committee did not seek to implement any of the reforms proposed in the white paper.   And "Al-Eqtisad News" publishes the text of the press release published by the Iraqi Economists Network:   The rhetoric surrounding the 2021 Federal Budget Bill is worrying. The draft was radically revised by the Parliamentary Finance Committee, which exceeded the powers of the committee. But this review came in a way that did not affect the structural problems in the Iraqi economy, and neglected the reforms required in the short, medium and long terms in particular. There is no indication in this review that the Finance Committee has made radical amendments to the draft budget law that take into account standards and scientific practices in formulating budgets and rational financial management .   In addition, the budget formulation process and the subsequent review and correction lacked an adequate level of transparency, and it exceeded the deadlines and control measures stipulated in Financial Management Law No. 6 of 2019 .   In this context, the network of Iraqi economists expresses its serious concern about the failure to pass the budget law due to sharp differences not only with the Kurdistan region, but also among other political blocs and because of the imminence of the early elections, and it fears that this will be the third year without a general budget. Therefore, we call on all political forces, representatives, academics, citizens and civil society organizations to work for the use of the Federal Budget Law as a tool for reform, and in order to address structural problems and end the imbalance in Iraq's economic and financial policies . The statements issued by members of the Finance Committee and some leaked information about the ongoing discussions confirm that Iraq's 2021 budget is not consistent with the reform plans announced by the government, in particular the White Paper in addition to other policies, strategies and reform plans in the past years. This deviation can lead to disastrous results, and the Iraqi economy remains vulnerable to external shocks as a result of fluctuating oil prices, while the severe problems related to unemployment and the escalation of poverty rates are ignored, especially among the youth .   The debate over the federal budget was dominated by the rentier mentality of political forces, which will ultimately keep the Iraqi economy stuck in front of the same challenges, imbalance and fragility .   It appears that the draft federal budget as amended by the Finance Committee did not seek to implement any of the reforms suggested in the White Paper. In fact, the government draft has adopted certain financial and monetary measures, such as imposing taxes on the salaries of state employees, imposing additional taxes on sales, and reducing the value of the Iraqi dinar, and these all face strong opposition from some parliamentary blocs that threaten not to vote on it, and we fear disrupting a quorum The voting session and imposing political deals .   In addition, the Iraqi Economists Network expresses its concern about the miscalculation by many members of the House of Representatives and the Finance Committee regarding the daily rise in the price of crude oil to about $ 70 and the demand to amend the average annual price approved in the draft government budget by $ 42 per barrel. Means shuffling of leaves. Undoubtedly, the high price of oil will improve the level of oil revenues and reduce the size of the planned deficit in the short term only, but on the other hand, it will not contribute to reducing dependence on oil exports and diversifying the production base of the national economy. What we fear is the expansion of government employment and the exacerbation of the sagging government administrative apparatus in an attempt to win the satisfaction of the unemployed young protesters .   Oil rents will not guarantee sustainable development and achieve social justice and decent living for all segments of Iraqi society unless the political and economic decision-maker implements numerous packages of structural and institutional reforms that help end the rampant corruption in the state, impose the rule of law, improve the investment climate and revive the private sector. Rising oil prices should be used to achieve these goals, and the increase in oil revenues should be directed to the Reconstruction and Investment Fund instead of feeding the clientelism and political favoritism networks of the ruling political parties .   The Iraqi Economists Network calls on Iraqi lawmakers, the Council of Ministers and political leaders to employ the federal budget and increase oil prices as an opportunity in order to address structural economic problems and not to be involved in short-term policies in order to obtain electoral gains .   The network of Iraqi economists also stresses that decision-makers should rationalize operational spending in favor of investment expenditures and raise their share of what is currently planned by 17% in the government draft to 35% as a minimum of total expenditures in order to move the economy and generate new job opportunities for unemployed youth.

Number of observations 130   Date of addendum 11/03/2021

[yota691]

Deputy Speaker of Parliament: It is very difficult to approve the budget next week

Al-Noor News / Baghdad
, Bashir Al-Haddad, Deputy Speaker of the Iraqi Council of Representatives, ruled out, on Thursday, to proceed with approving 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’s law has not been approved yet.

He stressed that another special session for the budget should be set.

[yota691]

 

Deputy: Reducing the exchange rate of the dollar depends on the consensus of the political blocs

 

•  

 2021-03-12 07:47

 

Shafaq News / 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. "

And 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 disagreement 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 Youssef Al-Kalabi signed by 150 deputies.