Parliamentary Finance resolves the matter: We do not have any authority to change the price of the dollar

[6ly410]

https://al-iraqinews.com/archives/118098

Conscious / Parliamentary Finance resolves the matter: We do not have any authority to change the price of the dollar

March 21, 2021 157 Views

Conscious / Baghdad

The Parliamentary Finance Committee confirmed, on Sunday, that the House of Representatives does not have any authority to change the exchange rate of the dollar against the Iraqi dinar in the general budget law, while noting that changing the price will affect the restructuring of the budget.

A member of the committee, Ahmad Hajj Rasheed, told ( INA Iraq Media News Agency ) that "it is not possible to reduce the exchange rate of the dollar in the budget law, and any change in that will affect the restructuring of the budget and change its provisions and articles of the law."

He added that "any change in the exchange rate will cause a decrease in financial revenues in the general budget law, higher expenditures and an increase in the financial deficit," stressing that "Parliament does not have any authority to change the exchange rate

[6ly410]

State of Law warns of losing the citizen’s confidence in the political blocs: Enough electoral advertising

Policy

2021-03-21 | 13:37

 

2,418 views

 

https://www.alsumaria.tv/news/سياسة/376403/دولة-القانون-يحذر-من-فقدان-ثقة-المواطن-بالكتل-السي

The representative of the Parliamentary State of Law Bloc, Leila Al-Tamimi, warned today, Sunday, of losing citizens' confidence in the political blocs.

"The budget took months of discussion without reaching a final solution regarding the region’s share and the dollar exchange rate," Tamimi said during her speech to Alsumaria newsletter.

She added, "The previous borrowing law suffered from the same things that the budget is going through, and the only affected citizen is the delay in approving the budget."

 

 

Al-Tamimi confirmed, "The political blocs will lose the confidence of citizens if their interests are taken into account, and they will stop electoral advertisements."

[6ly410]

Parliamentary assurances to approve the budget next week

https://alahadnews.net/176140/العراق/محليات/

 

Author: ahad7 On 3/21/2021 - 8:51 PM 41

On Sunday, the Parliamentary Finance Committee confirmed that the budget will be approved and passed next week, while indicating that the delay in approving it has negatively affected the citizens.
The deputy head of the Finance Committee, Muthanna al-Samarrai, said, according to the official newspaper, that "the committee will work on approving the 2021 budget next week," stressing that "the delay in approving the budget reflected negatively on the citizens."
Al-Samarrai added, "The representatives of the parliamentary blocs in the committee voted on the budget," explaining that "the budget has nothing to do with changing the exchange rate."
And, that "any deduction from salaries has been deleted," noting that "the budget included imposing taxes on some luxury goods, not essential for citizens

[6ly410]

Parliamentary Finance: The central bank will appeal the budget if Parliament changes the current exchange rate

Economie | 10:36 - 21/03/2021

 

https://www.mawazin.net/Details.aspx?jimare=146514

 

Parliamentary Finance: The central bank will appeal the budget if Parliament changes the current exchange rate

[Donziman]

Some of our readers here have short memories. Back when Shabibi was in charge 

it was him that had the power to change the rate. Maliki didn't like that so he issued an

arrest warrant for him while he was out of the country. Then replaced him with his own

puppet. 

[yota691]

Deputy: The budget is not a subject to negotiation

•  Time: 03/21/2021 13:32:33
•  
•  Read: 2,990 times

  

{Baghdad: Al Furat News} Member of Parliament, Leila Mahdi Al-Tamimi, confirmed today, Sunday, that the budget is not a subject to negotiation.

 

In a statement, Al-Furat News received a copy of it, Al-Tamimi said, "Passing the 2021 budget and reviving narrow personal interests, and the price is paid by the great blackness of our people to bring it to a state of despair and frustration, and then hand over the unknown emir." 
She added, "Since the game of devaluation of the dinar was activated under the pretext that they are solutions that prevent the economic collapse, there has been an actual collapse of the Iraqi citizen's economy and his health system and food security have been threatened, as prices have risen to record levels that have led to a decrease in purchasing power, which necessarily leads to an increase in inflation, poverty and deflation. Dangerous economic situation in light of the conditions of the Corona pandemic, which exacerbated our economy's trend towards a devastating recession. " 
Al-Tamimi added: "Let the ball move between the Minister of Finance and the Governor of the Central Bank, and behind them are blocks that did not care about what things will lead to, and all their concern is to obtain special gains at the expense of the future of Iraq."
She pointed out, "The problem of raising the exchange rate of the dollar, achieving social justice and approving the dues of those who defended the land and the fairness of the due segments are issues that cannot be compromised, and the marathon of dialogues in the postponements of the budget debate and the pressure on the national blocs defending the rights of the citizen is considered a real restriction harmful to the entire public interest And the people's entitlement. "
 She indicated that "the negotiating blocs in the House of Representatives must stop the narrow courtesy and resort to constructive dialogues based on social justice, and I do not have arms or the convergence of interests behind closed doors."
Al-Tamimi pointed out that "the budget is not a subject subject to negotiation, and it is not a commodity that some try to market. Rather, a law preserves the dignity of the Iraqi citizen from Zakho to Basra and from Zurbatiyah to the Qaim. Moreover, it is an inevitable issue that must be agreed upon by actions and not by reactions as an urgent necessity for the security of a state and homeland." And a citizen. "
The deputy went on to say: "Today, the blatant breakdown of consensus has become evident and targeting the citizen, but the people, is very easy to calculate the language of interests and courtesies."
Al-Tamimi concluded, "It has become imperative that we stand with the sons of the same people with a clear and clear leadership that defends rights and does not trade them, and does not put in its calculations the language of narrow interests and benefits." 

[yota691]

Al-Saffar reveals what the parliament’s finance voted on regarding the region’s oil

•  Time: 03/21/2021 22:34:20
•  
•  Read: 4,472 times

  

{Baghdad: Al Furat News} The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, revealed, on Sunday, what the Parliamentary Finance voted on regarding the amount of oil in the region

Al-Saffar said in a television interview that "the vote within the Finance Committee was on the delivery of 460 thousand barrels per day, and that some blocs requested the addition of a text in the budget in the event that the region does not adhere to the benefits," noting that "the budget is for the entire country and not for a specific category."

He added that "the provincial quotas, jobs and the exchange rate caused some blocs not to enter the parliament hall."

He pointed out that "the final budget copy is constantly changing and materials are added to it after its completion after submitting requests from deputies, and that one deputy threw the paper in my face when we rejected his request and started screaming."

He concluded that "58 articles are original in the budget and there are additional articles and there are 30 tables in it."

Raghad Daham

[yota691]

Parliamentary Finance: The Iraqi Central Bank will challenge the budget if the dollar exchange rate changes

The Iraqi Parliament - Archives

 March 21, 2021 11:39 PM

 

Mubasher: The Parliamentary Finance Committee in Iraq confirmed that the central bank will challenge the budget if the current exchange rate for the dollar changes.

The Parliamentary Economic Committee considered some of the items added to the budget "unconstitutional," according to the Iraq News Agency, "INA", today, Sunday.

The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, said in televised statements that the vote on the 2021 budget within the Finance Committee was based on the delivery of the Kurdistan region of 460 thousand barrels per day.

He pointed out that some blocs requested the addition of a text in the budget in the event of non-compliance with the region, the benefits would be cut.

Al-Saffar added that the budget is for the entire country and not for a specific group, stressing that the provincial quotas, jobs and the exchange rate caused some blocs not to enter the parliament hall.

[yota691]

Parliamentary Finance: The central bank will appeal the budget if Parliament changes the current exchange rate

Economie| 10:36 - 21/03/2021

 

 

 

 

 

Baghdad - Mawazine News

The Parliamentary Finance Committee confirmed that the Central Bank will challenge the budget if the current exchange rate changes, and while the Parliamentary Economic Committee considered some of the items added to the budget "unconstitutional", the National Forces Alliance expressed its support for political consensus on the region’s share.
The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, said, "The vote on the 2021 budget within the Finance Committee was based on the delivery of the Kurdistan region of 460 thousand barrels per day," noting that "some blocs requested the addition of a text in the budget in the event of non-commitment of the region, the benefits are cut."
He added, "The budget is for the entire country and not for a specific group," stressing that "the provincial quotas, jobs and the exchange rate caused some blocs not to enter the parliament hall."
He noted that "the central bank will appeal the budget if parliament changes the current exchange rate."
For his part, a member of the Parliamentary Economic and Investment Committee, Falah Al-Khafaji, stated to the "tenth" program: "We asked the regional government delegation to have its agreement with the House of Representatives," noting that "the final decision regarding oil with the region is the House of Representatives."
He continued: "The proceeds of the region's oil must be handed over to the SOMO company," noting that "the agreement was to deliver 460 thousand barrels per day from the region."
He explained, "The regional government has no right to contract for the extraction and export of oil," stressing that "the 2021 budget was designed on the old exchange rate and not the current price."
He pointed out that "the amounts allocated to social care have been reduced by the Financial Committee," noting that "some of the added materials from the Financial Committee are unconstitutional." Ended 29 / A 87

[yota691]

They are walking, threatening the Minister of Finance: If you do not correct this mistake, we will topple you

Editing date: 3/21/2021 20:11 • 61 read times

http://www.alliraqnews.com/uploads/news/image/medium/story_img_60577e2a7bc6a.jpg

[Baghdad-Where] On
Sunday, the Saeron coalition threatened to overthrow Finance Minister Ali Abdul-Amir Allawi, while confirming that the latter made a big mistake.

"We are surprised by the unfair distribution of the Ministry of Health's operating budget for the provinces," said Jawad Al-Mousawi, the representative of the Saeron coalition, stressing that "the continuation of this approach by the Minister of Finance will prompt us to be questioned in Parliament and the matter may rise to his dismissal."
Al-Mousawi added, "The Ministry of Finance has made a big mistake in distributing the operating budget of the Ministry of Health, as it has allocated nearly a hundred and thirty-four billion dinars to three governorates, which are Anbar, Salah al-Din and Nineveh, while it has allocated eighty-two billion dinars to four southern governorates, namely Karbala, Muthanna and Maysan, as well as Dhi Qar. ".
He stressed, "The southern governorates that lack the simplest services are still distracted by the executive authorities, and the simplest evidence is for these few funds that were allocated to them compared to the western governorates," stressing that "this issue will not remain silent about it and we will have a firm position in Parliament that may reach to overthrow the Minister of Finance if not Correct this mistake. "
He pointed out, "He will ask a parliamentary question about this issue to find out the reasons that prompted the concerned authorities to take such decisions that are not commensurate with the size of the shortage of services suffered by the southern governorates, especially the special shortage of various needs in the health sector, most notably the lack of government hospitals."

[screwball]

10 hours ago, Donziman said:

Some of our readers here have short memories. Back when Shabibi was in charge 

it was him that had the power to change the rate. Maliki didn't like that so he issued an

arrest warrant for him while he was out of the country. Then replaced him with his own

puppet. 

Correct 

[yota691]

Parliamentary Finance: Parliament will not be able to pass the budget in one session

 

money and business Economy News _ Baghdad A member of the Parliamentary Finance Committee, MP Muhammad Ibrahim, confirmed, on Monday, that the budget file will not be passed during one session, especially since there are some controversial matters that still exist to this day and political dialogues are taking place in order to solve them and agree on a specific formula to pass the budget. Ibrahim said in a press interview, "The budget contains many articles and it is unlikely to pass it in one session, especially with some disagreements about its texts." He added, "The focus of the budget dispute is related to Article 11, which relates to oil exports and the agreement with the region on the revenues to be delivered." And that "there are swing political positions on voting on the budget, and there is parliamentary political pressure to go ahead and resolve differences with the region to vote on the budget."

Number of observations 93   Date of addendum 3/22/2021

[rvmydinar]

14 hours ago, Donziman said:

Some of our readers here have short memories. Back when Shabibi was in charge 

it was him that had the power to change the rate. Maliki didn't like that so he issued an

arrest warrant for him while he was out of the country. Then replaced him with his own

puppet. 

That means the current governor of cbi is still the only one who has the authority to determine the exchange rate.  Hopefully  the governor of cbi will announce and release the rv rate on the budget on the 27 openly to the publics.

[yota691]

Cabinet on the dollar exchange rate: Parliament can change it, but the decision will not be binding on the government

 

 

 

1,410 Policy 2021/03/22 13:00 ha Baghdad Today-

Follow-up The spokesman for the Council of Ministers, Minister of Culture, Hassan Nazim, confirmed, Monday (March 22, 2021) that Parliament can change the exchange rate of the dollar, but it will not be obligatory for the government to implement it. "Al-Marbad" website quoted Nazem as saying that "Parliament has the opportunity to express its opinion on the exchange rate of the dollar and change it within the budget." He added, "The decision to change the exchange rate of the dollar will not be binding on implementation by the government, since the price change is related to the government and the central bank after setting the dollar exchange rate at 1450 dinars." The cabinet spokesman added, "It is the responsibility of Parliament to decide whether to approve and pass the budget, or to make amendments or changes to it." He pointed out that "the federal government has accomplished what is required of it in the budget file three months ago and now work is entrusted to parliament in all respects, while the government can help facilitate matters or conduct interpretations and negotiations on some files." The House of Representatives had failed the day before yesterday, Saturday, to hold the session devoted to voting on the draft federal budget law, after the failure of negotiations in Baghdad and Erbil over the region’s share. The House of Representatives raised the last session, until next Saturday, with the aim of completing the negotiations on the region’s share, especially Article 11 of the draft.

[yota691]

Government Spokesperson: Parliament's change of the dollar price in the budget is not binding

Political| 02:30 - 22/03/2021

 

 

 

 

BAGHDAD - Mawazine News
, the government spokesman, Minister of Culture Hassan Nazim, confirmed, on Monday, that changing the exchange rate of the dollar in the budget by Parliament is not binding on the government’s implementation.
Nazem said in a radio interview, followed by Mawazine News, that "the government determined the exchange rate of the dollar in the budget, and changing it by the House of Representatives will not be binding on us."
He added, "The government completed the budget bill 3 months ago, and the current work is entrusted to Parliament to end discussions on the law and pass it." Ended 29 / p4

[yota691]

The government responds to Parliament's efforts to change the price of the dollar and clarifies its position

•  Time: 03/22/2021 13:46:15
•  
•  Read: 5,902 times

  

{Economical: Al Furat News} The government responded to the House of Representatives' efforts to change the exchange rate of the dollar and reduce it.

 

"The opportunity is available to Parliament to express its opinion on the exchange rate of the dollar and change it within the budget, but its decision will not be binding on implementation by the government, as the price change is related to the government and the Central Bank of Iraq, who set the dollar exchange rate at 1450 dinars," said Hassan Nazim, a spokesman for the cabinet. Parliament has a responsibility to decide whether to approve and pass the budget, or to make amendments or changes to it. "
And he stated, "The federal government has accomplished what is required of it in the budget file 3 months ago and now work is entrusted to Parliament in all respects, while the government can help facilitate matters or conduct interpretations and negotiations on some files."
 

[yota691]

Member in Parliamentary Finance: Obstacles to the Baghdad-Kurdistan Agreement on the Budget

•  Time: 03/22/2021 12:29:39
•  
•  Read: 3,068 times

  

{Economical: Al Furat News} A member of the Parliamentary Finance Committee revealed obstacles to the agreement of the two federal governments and the Kurdistan region.

 

Qubad Talabani, deputy head of the Kurdistan Regional Government, had headed the region’s delegation in a series of Marathon negotiations that began about two years, in order to address the financial disputes between Erbil and Baghdad.

Committee member Shirwan Mezra said in a press statement, "The delegation returned to the Kurdistan region after it had gone a long way in negotiations with officials in Baghdad, explaining that the delegation would return to the capital Baghdad before voting on the draft federal budget law early next week."

He added, "New obstacles occurred to the project after the Finance Committee voted on Article 11 regarding the Kurdistan region’s share of the budget, expressing optimism that an agreement will be reached soon." 

Forgiveness Al-Khalidi

[yota691]

Parliamentary Finance excludes voting on the budget in one session

Tuesday 23rd March 2021 181

 

 Baghdad: Hazem Muhammad Habib 

 

The spokesman for the Deputy Prime Minister of the Kurdistan Regional Government, Samir Hawrami, said: The delegation of the region will soon return to Baghdad to resume the dialogues regarding the region's share in the budget, and he indicated an agreement on a new formulation with Baghdad that was included in the draft budget. 

Hawrami explained to "Al-Sabah" that "the new formulation agreed upon within the draft budget included two proposals, and that the region is ready to implement one of the two proposals that were agreed upon."

He added, "The region's delegation will return to Baghdad within the next few days, to resume the dialogues and implement what has been agreed upon, whether the agreement is with the federal government and its inclusion in the budget law or the agreement that was made with some political blocs regarding the share of the Kurdistan region in the budget." "The regional government announced its agreement to implement what was agreed upon with regard to the region's share in the budget."

In turn, the deputy head of the Kurdistan Democratic Party Bloc, Bashar al-Kiki, said: “The agreement between Baghdad and Erbil regarding the draft budget did not collapse,” and explained that “the origin of the agreement was based on the proposal of the Shiite blocs, and the regional government delegation accepted it and was approved by the Parliamentary Finance Committee. By voting, but an amendment occurred in two paragraphs during the printing of the decision, contrary to what was voted on. ”He added,“ We consider this amendment to be a violation of the agreement between the two sides first, and a somewhat retreat by the Shiite blocs, secondly. ”

Al-Kiki stressed that “legally, the Parliamentary Finance Committee adheres to the text of Article 11 voted upon and will be presented as it is without amendment,” noting that “the aim of postponing the vote session on the budget is to reach a Shiite consensus on a number of contentious issues in what between them".

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, along with its tax revenues to Baghdad, in return for receiving 12.6 percent of the budget.

In a related context, a member of the Parliamentary Finance Committee, Muhammad Ibrahim, said: “The budget contains many articles, and it is unlikely to pass it in one session, especially with some disagreements regarding its texts.” He added that “the focus of the budget dispute is related to Article 11 related to oil exports and the agreement. With the region regarding the revenues to be delivered.

[yota691]

A parliamentary committee in Iraq: The budget has allocated 4 trillion dinars for the development of the regions

Iraqi Parliament - Archives

 March 22, 2021 11:44 PM

Mubasher: The Regions and Governorates Committee that is not organized in a region in the Iraqi Council of Representatives announced today, Monday, that four trillion allocations for the development of regions are in the budget.

Mahmoud Al-Kaabi, a member of the committee, told the Iraqi News Agency (INA), that there has been an increase in the allocations for the development of regions from two trillion to four trillion, and that the amounts of petrodollars have also increased from 500 billion to a trillion, as well as allocations of border crossings and international organizations.

Al-Kaabi added that some governorates have taken a special interest in terms of allocations, including Dhi Qar due to its situation, where a fund has been allocated to it by about 300 billion, in addition to allocations for the development of regions and others, indicating that the reconstruction fund for liberated areas has also been increased.

Al-Kaabi added that most of the governorates allocations are for continuous projects, at a rate of 70% to complete their completion, while the remaining allocations are for new projects.

[yota691]

Representative economy: The budget will deliver the region's dues for five previous years without paying what it owes

17:25 - 22/03/2021

 

  

Information / private.

The Parliamentary Economic and Investment Committee revealed, on Monday, the inclusion of a clause in the regional government’s delivery of receivables from 2014 to 2019, without indicating that it has been delivered for the specified years.

A member of the Parliamentary Economic Committee, Mazen Abdel-Moneim, told "the information" that "the budget was mined with privileges for the Kurdistan region that did not exist even with previous budgets, which caused the objection of many MPs."

He added that "there are many amendments and objections made in the last moments because of the deals that are taking place with the region," noting that "the budget guaranteed the delivery of the region's dues from 2014 to 2019."

Abdel Moneim said, "The budget does not indicate what Kurdistan owes for the five years that it will compensate and pay to the central government, but only grant it without surrendering anything."

He continued, "Many members have the desire to boycott and not vote unless these paragraphs are amended." Ended 25 and

[yota691]

Deputy for Saeron: The Kurdistan quota complex has a simple solution .. 3 requests that have delayed approval of the budget

 

 

 

2,524 Policy 2021/03/22 20:33 Baghdad today -

Baghdad MP Badr Al-Ziyadi, a member of the Saeron bloc, spoke today, Monday, about the latest discussions of the 2021 budget bill, and the parliamentary requests that led to the obstruction of its passage during the previous two sessions. Al-Ziyadi said, in a televised interview, followed by (Baghdad Today), that "a simple knot in Article 11 of the Kurdistan region’s share in the 2021 budget has caused a rift between the region’s delegation and political forces." He pointed out that "these contracts are subject to dissolution, which is not the last of the budget, but there are other matters." "The clause of deduction from the amounts disbursed to the region from oil extraction for the past year has been amended, and the transfer of oil and extracted companies from one month to one year," he said, speaking of this node. And between "new requests have appeared that affected the approval of the budget despite the vote on the budget by agreement of the political blocs in the Finance Committee," describing what happened as a `` serious matter. '' He said, "The requests include adding the absentees in the governorates, and it is difficult because they have not yet been inventoried. Al-Fath requested the addition of 35 thousand job degrees and these matters are difficult to approve because the budget was written and completed, and the additions will rewrite the budget. ” He continued, saying that“ the new requests, including the adjustment of the exchange rate, may disrupt the approval of the budget and open the door to other blocs to submit new requests, which means that the approval is postponed for a time. long. " In the context of the same, between Ziadi that" there are those who demand to amend the exchange rate in the Parliament, and it may not be legal because the bank 's central validity in accordance with the law , not related to the House of Representatives selected ", describing the insistence on this matter of" electoral bids to ship the atmosphere. " And he cautioned that "any decision that involves a financial setback and contradicts the law, the government may challenge it before the courts, and therefore it will not be implemented." A member of the Kurdistan Regional Parliament, Osman Karim, responded today, Monday, to the "accusations" of obstructing the approval of the budget by the Kurds, while confirming that there is no retreat by the regional government to deliver oil to Baghdad. Karim said in an interview with (Baghdad Today), "The regional government is committed to handing over 250 thousand barrels of oil, which is the text that it agreed upon with the federal government, and there is no retreat at all in this regard." He added, "Whatever the price of oil, the region is committed to delivering this quantity, and negotiations are still going on, and the regional government has not disavowed it. Rather, what happened is that the political blocs retreated from their positions, but we hope to reach a solution before the parliament session next week." A member of the House of Representatives for the "Al-Fateh" coalition, Mukhtar Al-Mousawi, confirmed, on Monday (March 22, 2021), that the next session of the House of Representatives will be crucial to pass the budget bill for 2021, indicating that some Kurdish forces are trying to impose their positions on the political forces. Al-Mousawi said in an interview with (Baghdad Today), "The delay in legislating the budget law has greatly affected citizens and state institutions. Therefore, it is unreasonable for the situation to continue as it is," indicating that "the Kurds are trying to impose their positions on the political forces and this is what we do not accept." . He added, "Kurdish forces have to look for the country's interest, not its political and personal interests," accusing it of "obstructing the passage of the project throughout the current period." Moussawi stressed that "the next parliament session will be decisive in passing the budget bill, whether the Kurds attended or not," expressing his hope to "reach a fair and equitable agreement for all before the session is scheduled." The House of Representatives raised the voting session on the 2021 budget until Saturday (March 27, 2021), due to the disagreements that some of its items had received during the two sessions last Friday and Saturday.

[yota691]

Representative economy: Kurdistan insists on rejecting any guarantees in its negotiations

13:58 - 22/03/2021

 

  

The information / Baghdad ..
Member of the Parliamentary Economic Committee, Mazen Al-Faili, stressed, on Monday, the difficulty of reaching understandings between Baghdad and Erbil due to the latter's insistence on the absence of any guarantees, indicating that any agreement can only be through the inclusion of paragraphs that oblige Erbil to pay its dues.
"The crisis in the Kurdistan region is very complex in the budget, and it can only be solved easily after the Kurdish forces sign an agreement that obliges them to implement the oil agreement without any cut," Al-Faili said in a statement to the information.
He added, "The region will sell oil separately from Baghdad because of the high price, and the government will be required to receive its allocations from the budget, as happened in past years, which is unacceptable."
Al-Faily pointed out that "the most prominent problem in passing the budget is the consensus to reduce the price of the dollar, reduce expenditures, and raise the estimated price of oil."

[yota691]

Parliamentary Finance: changing the exchange rate of the dollar has nothing to do with the budget

 

Photo: 

7 hours ago

3792 Views

A member of the Parliamentary Finance Committee, Muhammad Sahib Al-Darraji, said that changing the exchange rate of the dollar against the Iraqi dinar has nothing to do with the general budget .

Al-Darraji said in a statement today (March 22, 2021), that "fixing the exchange rate is the task of the Ministry of Finance and the Central Bank and not Parliament," indicating that "the Minister of Finance does not understand the situation in Iraq . "

He added, "The white paper announced by Al-Kazemi is (very white) and devoid of content, and is similar (to a good master's letter)."

Al-Darraji added, "The measures to raise the dollar exchange were not accompanied by measures of social protection," and that "the government was long overdue in measures to protect the market and the prices of foodstuffs."

AA

 

[screwball]

21 hours ago, yota691 said:

Parliamentary Finance: Parliament will not be able to pass the budget in one session

 

money and business Economy News _ Baghdad A member of the Parliamentary Finance Committee, MP Muhammad Ibrahim, confirmed, on Monday, that the budget file will not be passed during one session, especially since there are some controversial matters that still exist to this day and political dialogues are taking place in order to solve them and agree on a specific formula to pass the budget. Ibrahim said in a press interview, "The budget contains many articles and it is unlikely to pass it in one session, especially with some disagreements about its texts." He added, "The focus of the budget dispute is related to Article 11, which relates to oil exports and the agreement with the region on the revenues to be delivered." And that "there are swing political positions on voting on the budget, and there is parliamentary political pressure to go ahead and resolve differences with the region to vote on the budget."

Number of observations 93   Date of addendum 3/22/2021

No an issue when you can’t eve discuss it 

[6ly410]

LACK OF TRUST PERSISTS OVER BUDGET, WITH ERBIL-BAGHDAD TALKS EXPECTED THIS WEEK

Council of Representatives to vote on budget next Monday: report

17 minutes ago

125 Viewhttps://www.nrttv.com/En/News.aspx?id=26989&MapID=2 

 

SULAIMANI — Fateh Alliance lawmaker in the Council of Representatives Abas Shahil said on Tuesday (March 23) that his parliamentary grouping would reject any deal with the Kurdistan Regional Government (KRG) if they believe it would harm Iraq’s interests.

Shahil said that Article 11 of the draft 2021 Federal Budget Law, which governs budget transfers to the KRG, is the primary point of contention between negotiators.

The two sides have been at loggerheads over the budget for many years, but the dispute became acute last spring when the arrangement enabled by the 2019 budget law collapsed. Under that structure, Erbil was supposed to send 250,000 barrels of crude oil per day to Baghdad for export in return for 12.67 percent of the total budget. In the event of a dispute, the federal government would continue to pay the KRG’s public sector wage bill.

The KRG immediately abrogated the deal, refusing to send any oil. Between January 2019, when the law passed, and April 2020, the federal government continued to send funding for public sector salaries in the Kurdistan Region, until it abruptly pulled the plug amid a crisis in its own finances caused by a drop in the price of oil and the effects of the coronavirus pandemic.

Since then negotiating teams have sought to find a solution, largely along the lines of the 2019 agreement regarding oil plus an additional requirement that Erbil submit a portion of the customs income that it collects at the border, but lack of mutual trust has resulted in the repeated postponement of a vote in the Council of Representatives.

On Friday, negotiators appeared to make a breakthrough that would have enabled a vote the following day, but the deal fell apart on Saturday morning, apparently over a change that would have allowed Baghdad to punish Erbil more severely should it not abide by the deal.

Shahil accused the KRG of not acting as a true partner to the federal government and predicted that regional authorities would not hand over the income from customs.

Member of the Council of Representatives’ Finance Committee Mazen Al-Faily from the Fateh Alliance also criticized the KRG, alleging that it did not plan to make the required transfers to Baghdad.

Samir Hawrami, spokesperson for Head of the KRG negotiating team KRG Deputy Prime Minister Qubad Talabani, told Iraqi state-run newspaper al-Sabah that the KRG team would return to Baghdad this week to resume negotiations and try to resurrect the Erbil-Baghdad deal.

A vote on the legislation is currently scheduled for March 27.

(NRT Digital Media)