Mr. Sadr tweets on the budget and warns

[DinarThug]

Btw, Welcome To Page 2 Of The Evil Al-Sadr Thread - With Ur Host Al !  

 

 

     

[DinarThug]

9 hours ago, 6ly410 said:

Mr. Sadr tweets on the budget and warns

• Time: 03/29/2021 00:38:22 https://alforatnews.com/news/السيد-الصدر-يغرد-على-الموازنة-ويحذر

 

{Politics: Al Furat News} The leader of the Sadrist movement, Mr. Muqtada al-Sadr, warned of repetitive postponement of the House of Representatives vote on the federal budget bill for 2021.

 

Al-Sadr said in a tweet on Twitter: "Once again, we see the House of Representatives, having been unable to vote for the budget due to political, partisan, sectarian and {nationalism} differences, forgetting the suffering of their people."
He added, "From here, I would advise forgetting their differences and approving them as soon as possible," warning of the "consequences of delay," thanking "the position of the Sairoun bloc and asking them for more."
The House of Representatives, again Sunday, had failed to hold a voting session on the draft federal budget law for 2021.
A representative source told {Euphrates News} that, "Despite the agreement on the Kurdistan region’s share, which was the budget knot, the differences moved to other articles such as Contracts, job grades, the dollar exchange rate, IDPs, and the reconstruction of devastated areas. "
Estimates of the budget indicate 128 trillion dinars (about 89 billion dollars).
It is not known yet the date of the next session, amid the odds that it will be Monday.

Ammar Al-Masoudi
 

And Since Bro 6ly Apparently Can’t Seem To Get Enough Of This Guy !  
 

 

Here’s A Highlighted Version Of His Original Post In This Al-Sadr ‘Tribute’ Thread ...

 

     

 

LINK

Mr. Sadr tweets on the budget and warns

 

 

03/29/2021 00:38:22

 

 

The leader of the Sadrist movement, Mr. Muqtada Al-Sadr, warned of repetitive postponement of the House of Representatives vote on the draft federal budget bill for 2021.

 

Al-Sadr said in a tweet on Twitter: "Once again, we see the House of Representatives, having been unable to vote for the budget due to political, partisan, sectarian and {nationalism} differences, forgetting the suffering of their people." 
 

He added, "From here, I would advise forgetting their differences and approving them as soon as possible," warning of the "consequences of delay," thanking "the position of the Sairoun bloc and asking them for more."

The House of Representatives, again Sunday, had failed to hold a voting session on the draft federal budget law for 2021. 

A representative source told {Euphrates News} that, "Despite the agreement on the Kurdistan region’s share, which was the budget knot, the differences moved to other articles such as Contracts, job grades, the dollar exchange rate, IDPs, and the reconstruction of devastated areas." Estimates of the budget indicate 128 trillion dinars (about 89 billion dollars). 
 

Edited March 29, 2021 by DinarThug

[DinarThug]

LINK

Zain Cash launches a service to invite friends to register the permanent wallet

 

29th March, 2021

Within the framework of "Zain Cash" strategy aimed at enhancing electronic financial services and in continuation of its pioneering approach in the financial sector and providing distinguished services to its customers, and in order to achieve its goal of expanding the provision of its financial services, Zain Cash launched the service of inviting friends to register a permanent electronic wallet.

Iraq Wallet Company "Zain Cash" launched its electronic wallet for the first time in 2014 through the mobile phone with the aim of developing electronic payment solutions using mobile phones and the Internet. 
 

One of its main services is the World Card MasterCard which operates in two currencies, a dinar and a dollar, which provides the possibility of shopping from millions of stores.

With the ability to buy online and pay with a "Zain Cash" wallet from dozens of registered stores who provide multiple services and products.

 

Zain Cash also provides money transfer services, recharging phone balance, obtaining a 15% discount from Careem service, purchasing electronic cards and paying via the QR code, in addition to the ability to pay government bills through the "Zain Cash" application with ease.

As a competitive advantage and an incentive for users to invite their friends to register their permanent wallet, Zain Cash will deposit a percentage of the friends' financial transactions during the first month of registering their permanent wallet. The CEO of "Zain Cash", Mr. Yazan Al-Tamimi, confirmed in his comment on the launch of the "Friends Invitation Service".

[6ly410]

 

2 hours ago

ERBIL, Kurdistan Region — Iraqi parliament failed once again to vote on the 2021 federal budget bill due to continuing disagreements over its contents and demands by some blocs to change the dollar exchange rate and include foreign loans, state media reported on Sunday night. 

Parliament's finance committee held intensive meetings with speaker Mohammed al-Halbousi and with political blocs, but no session was held due to failure to meet quorum. 

Fatih bloc deputy Abdul Amir al-Mayahi told state media outlet INA that the disputes over the budget are related in part to the dollar exchange rate. Finance committee member Ahmed al-Saffar told state media that there are political blocs pushing to change the devalued dollar-dinar exchange rate.

The committee announced the addition of some paragraphs to the bill, including reinstating members of the Popular Mobilization Forces (PMF, or al Hashd al-Shaabi in Arabic) who had benen fired for various reasons.

Committee member Ekhlas al-Dulaimi confirmed that one trillion dinars (almost $686 million) had been allocated to lecturer and medical professional salary payments. 

Jasim al-Bakhati, deputy of the Iraqion Alliance, saidthat some forces are calling for the addition of an article about foreign loans in the budget.

"The Region's share in the budget is no longer the problem, as there are big blocs trying to add an article concerning borrowing an amount of one billion dollars for the benefit of the Ministry of Electricity for development purposes," Bakhati said.

A new amendment to Article 11 of the bill regarding the Kurdistan Region’s share would require the Kurdistan Regional Government (KRG) to hand over 250,000 barrels of oil a day or their equivalent value to Baghdad, in addition to 50 percent of non-oil revenues like custom fees and taxes, according to Ahmed al-Saffar, a member of parliament’s finance committee. Shiite parties had previously amended the article to require all of the Kurdistan Region’s non-oil revenues.

"The Region's share in the budget is no longer the problem, as there are big blocs trying to add an article concerning borrowing an amount of one billion dollars for the benefit of the Ministry of Electricity for development purposes," Bakhati said.

For years, Iraqi lawmakers have criticized the Kurdistan Region's independent oil sales. Many lawmakers want Erbil to hand over all of its oil to the State Organization for Marketing Oil (SOMO) in exchange for federal funds.

Both governments have also seen revenues drop due to low oil prices last year. The KRG is unable to pay its civil servants on time and in full, while the Iraqi government borrowed over $25 billion from the country's central bank to pay salaries for the last three months of 2020. Baghdad also devalued the dinar in December, in part due to revenue lost in the global oil price collapse.

[DinarThug]

LINK

Cougar: The Difficulty Of Reducing The Price Of The Dollar Against The Iraqi Dinar In The 2021 Budget

 

29th March, 2021

The Parliamentary Finance Committee confirmed the difficulty of reducing the dollar price in the budget.

 

A member of the Parliamentary Finance Committee, Jamal Cougar, said in a press statement by its independent affiliate: “The requests of the political blocs related to the budget are many and large, including reducing the price of the dollar, and this is difficult to verify, given that all the paragraphs of the budget are based on an exchange rate of 145 thousand dinars per 100 dollars, And changing it needs to completely reformulate the budget again.”

He stressed: “The central bank cannot change the dollar’s exchange rate twice within a two-month period, given that the citizen will lose confidence in the central bank.”

Cougar pointed out: “The change in the exchange rate came from the government and the central bank, and the budget has nothing to do with it, and therefore even if the budget is not approved, the current dollar rate will remain the same. 

[rvmydinar]

12 minutes ago, DinarThug said:

He stressed: “The central bank cannot change the dollar’s exchange rate twice within a two-month period

Cougar pointed out :  if the budget is not approved, the current dollar rate will remain the same. 

What were they saying that if the cbi can't change the dollars within 2 month ( since devaluation in december 2020 ) period  then the budget will not be approved and the result is the rate 1460 remains the same? I amn't sure if i am connecting the dot right. Is it right foks? 

[DinarThug]

LINK

Member in Parliamentary Finance: Every day, a new node in the budget is expected ... and the date of its approval is expected

 

 
 

 

03/29/2021 13:10:41

 

 

A member of the Parliamentary Finance Committee expected a new date for voting on the fiscal budget bill for 2021.

 

"Unfortunately, every day, a new node appears in the budget," Sherwan Mirza told Al-Furat News, stressing the continuing disagreements over the draft law between the political blocs. 
 

"The budget will be approved this week," he added.

 

Yesterday, Sunday, the House of Representatives failed again to vote on the 2021 budget despite reports of an agreement on the Kurdistan region’s share.

A representative source told {Euphrates News} that "despite the agreement on the share of the Kurdistan region, which was the budget knot, but the differences moved to other materials such as contracts, job grades, the dollar exchange rate, the displaced, and the reconstruction of devastated areas."

The budget estimates at 128 trillion dinars (about $ 89 billion) against a deficit of 29 trillion dinars.

[DinarThug]

LINK

The budget enters the recovery room due to the dispute over her caesarean delivery!

 

29th March, 2021

The draft federal budget law for the fiscal year 2021 entered “the recovery room, so to speak, after the presidency of the Iraqi parliament was forced to postpone the scheduled session on Sunday, to approve the project from three in the afternoon to seven in the evening, given the continuing differences between the political blocs. 

The presidency of the parliament used to make approving the budget the only item for the session after the political blocs and leaders reached a semi-final agreement one day before the birth of the budget by Caesarean section after failure to vote on it by consensus or majority.

While major blocs oppose the borrowing clause in the draft budget, Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed that "Iraq will not resort to borrowing if the price of a barrel of oil reaches $70."

On the eve of the session, which was described as decisive for the Iraqi parliament to approve the budget, Saleh added that “the budget stabilization fund must be available as a sovereign precautionary fund against the risk of fluctuation or decline in the sustainability of revenues, because oil revenues constitute more than 92 percent of total public revenues. In the budget." 

He explained, "The price of a barrel of oil should not be less than $ 70 to reach a balanced budget without resorting to borrowing to finance the annual deficit in the general budget."

While the main node during the past three months that prevented voting on the budget was the relationship between the federal government and the Kurdistan Regional Government regarding oil revenues in exchange for releasing the region’s share of the budget, a new knot recently emerged, this time related to the dollar exchange rate. 

The Iraqi government, based on the "White Reform Paper" which was submitted to the political blocs and obtained their approval, decided to raise the exchange rate of the dollar against the Iraqi dinar from 119 dinars per dollar to 145 dinars per dollar in order to stop the bleeding of currency that smuggled abroad under the item of fake imports, as well as stopping speculation in dollars by the committees Political parties and blocs;

This caused damage to some of them, which made the parliamentary blocs exciting to demand the return of the dollar exchange rate to what it was a condition for passing the budget, while other parliamentary blocs stand by the government in this decision, although it left negative effects on people with limited income.

While political blocs see the need to vote on the budget by a majority after some blocs retreated from their insistence on returning the exchange rate immediately because it is impossible to do so while keeping the dispute with the Kurds, other blocs prefer not to resort to the majority option in voting because of the political repercussions it may leave.

Including the need for consensus during the next election period. However, the head of the Kurdistan Islamic Group in Parliament, Salim Hamza, denies that the Kurdistan region is the only obstacle to not passing the budget. 

Hamza said in a statement that "the differences between the political forces over the draft budget law in 2021 are still continuing, with the continuing dialogues to resolve these differences, and there are deep disagreements between the blocs on the draft budget," indicating that "the dilemma of passing the budget bill is not a region’s share."

Kurdistan is part of the budget, but there are Sunni - Sunni, Shiite - Shiite, and Sunni - Shiite differences over the law, especially related to the provincial allocations and the dollar exchange rate, and there is a rejection of this project by other blocs, not the Kurdish ones.

Hamza added, "There are political parties who do not want to pass the 2021 budget bill, as they benefit from not being passed, as this situation benefits these parties more."

Regarding the Kurdistan region, the origin of the dispute relates to Article 11 of the draft budget on the Kurdistan region’s share, which stipulates that it will deliver 250,000 barrels of oil per day, along with its tax revenues to Baghdad, in return for receiving 12.6 percent of the budget. 
However, the objecting blocs, the majority of which are Shiite, 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.

[JonnyV]

42 minutes ago, DinarThug said:

LINK

Cougar: The Difficulty Of Reducing The Price Of The Dollar Against The Iraqi Dinar In The 2021 Budget

 

29th March, 2021

The Parliamentary Finance Committee confirmed the difficulty of reducing the dollar price in the budget.

 

A member of the Parliamentary Finance Committee, Jamal Cougar, said in a press statement by its independent affiliate: “The requests of the political blocs related to the budget are many and large, including reducing the price of the dollar, and this is difficult to verify, given that all the paragraphs of the budget are based on an exchange rate of 145 thousand dinars per 100 dollars, And changing it needs to completely reformulate the budget again.”

He stressed: “The central bank cannot change the dollar’s exchange rate twice within a two-month period, given that the citizen will lose confidence in the central bank.”

Cougar pointed out: “The change in the exchange rate came from the government and the central bank, and the budget has nothing to do with it, and therefore even if the budget is not approved, the current dollar rate will remain the same. 

 

22 minutes ago, rvmydinar said:

What were they saying that if the cbi can't change the dollars within 2 month ( since devaluation in december 2020 ) period  then the budget will not be approved and the result is the rate 1460 remains the same? I amn't sure if i am connecting the dot right. Is it right foks? 

 

Lies Lies Lies and more Lies.   They will never tell us what the are going to do.  

[Rugbylaird19]

I really believed the budget was a done deal once Kurdistan and Baghdad settled their differences regarding oil/percentages. Now there are other flies in the ointment??? Nearing new levels of depression and frustration😞.

[boosterbglee]

The tribes will never agree on anything, that's why in the past they have had dictatorships!

[Rugbylaird19]

30 minutes ago, rvmydinar said:

What were they saying that if the cbi can't change the dollars within 2 month ( since devaluation in december 2020 ) period  then the budget will not be approved and the result is the rate 1460 remains the same? I amn't sure if i am connecting the dot right. Is it right foks? 

So if the budget IS approved than the exchange rate will NOT remain the same??? If so, change to what rate?

[davis411]

48 minutes ago, Rugbylaird19 said:

I really believed the budget was a done deal once Kurdistan and Baghdad settled their differences regarding oil/percentages. Now there are other flies in the ointment??? Nearing new levels of depression and frustration😞.

Wait

you get use to waiting

their game

not ours

[Rochester]

Miss me yet? 

1 hour ago, boosterbglee said:

The tribes will never agree on anything, that's why in the past they have had dictatorships!

[boosterbglee]

****....Tator......Chips😂

[DinarThug]

42 minutes ago, Rochester said:

Miss me yet? 

 

20 minutes ago, boosterbglee said:

****....Tator......Chips😂

Wait, Wtf - I Thought That Maliki Was Mr Potato Head ?  

 

 

     

[DinarThug]

LINK

Parliamentary Finance reveals new details about the obstructive budget law

 

29th March, 2021

The Parliamentary Finance Committee revealed, on Monday, the "main reason" to postpone the vote on the General Budget Law until further notice.

A member of the committee, Muhammad al-Shabaki, told Shafaq News, that "there are four points of disagreement that caused the suspension of the vote on the General Budget Law for 2021 during yesterday's session, most notably some points of contention in Article 11 related to the share of the Kurdistan Region, foreign loans, investment projects and the development of regions."

He added that "the Al-Fateh Alliance objected to new loans amounting to 8 trillion dinars, especially for projects of the Ministry of Electricity, and requested economic feasibility for foreign loans."

Al-Shibaki added that the deputies asked the Minister of Oil, Ihsan Abdul-Jabbar, in his capacity as head of the government energy committee, for a government guarantee to improve electric power during the next summer season.

Al-Shabky pointed out, "the continuation of meetings to resolve differences and resolve disputed issues in the coming hours."

Representative Rizan Sheikh Dleir said that the intentions and conflicts of politicians with the government are an obstacle to passing the budget in Parliament. In a statement received by Shafaq News, Sheikh Dlir called for the importance of the Iraqi people to know this fact, saying that "the region's share does not constitute an obstacle to passing the budget."

[DinarThug]

The US State Department officially announces the strategic dialogue with Iraq on April 7, and identifies 4 files

 

 

465 Policy 2021/03/29 18:56

Baghdad Today - Follow-up 

 

Today, Monday, the US State Department officially announced the holding of a strategic dialogue with Iraq on April 7, while 4 files were identified. 

The US State Department said in a statement, "It has been decided to hold a strategic dialogue with Iraq on April 7."

She added, "The strategic dialogue with Iraq will include security, combating terrorism, economy and energy."

LINK

[DinarThug]

A breakthrough in the budget approval file.”

A deputy expects the date of the vote and confirms:

We have reached the final stage of understandings - urgent

 

 

78 Policy 2021/03/29 21:02 

Baghdad Today - Follow-up  

 

Today, Monday, a member of the Parliamentary Finance Committee, Muhammad al-Shabki, spoke about a breakthrough in the file of passing the country's fiscal budget for the year 2021, and while he indicated that the political blocs had reached the final stages of understandings, he expected a date to vote on approving the budget. 

Muhammad al-Shabaki said, in a televised interview, followed by (Baghdad Today), that "there has been an agreement on the text of Article 11 concerning the share of Kurdistan between political forces, and it stipulates that what exceeds the export of 460 thousand barrels per day, excluding the costs of production, transportation, operation, domestic consumption and the dollar percentage What increases the value of the oil produced goes to the federal government. " 

Al-Shabaki added, "It was also agreed on a method for financial settlement from 2004-2020, while the necessity for Kurdistan to pay its obligations on a monthly basis was confirmed, provided that the government hand over the rights of the region monthly." 

He continued, "It was agreed to hand over half of the imports of the border crossings and the rest of the non-oil revenues monthly to the Iraqi Ministry of Finance." 

A member of the Parliamentary Finance Committee pointed out that "the dialogues approached the understandings and solved the problem of foreign loans after the blocks objected to the loans being followed up by the Ministry of Finance and the abolition of the objection to the text of the loans and obtained flexibility." 

Al-Shabky emphasized, "We passed the stage of agreements and consensuses to the stage of final understandings, and we have come a long way, and the budget may be ready for voting within days," suggesting that the budget will be voted on "before the end of this week." 

And Mohamed Al-Shabky stated, "The budget included financial allocations for all contracts and wages covered by Resolution 315, and the lecturers, in its final version." 

The House of Representatives was supposed to hold its session to vote on the draft federal budget law for the current year, on Sunday, but the persistent differences between the political blocs pushed it to postpone and leave the parliament room.

A parliamentary source inside the House of Representatives stated that the Presidency of Parliament officially informed the MPs to postpone the session to vote on the budget without setting a specific date, after the failure of the dialogues and negotiations on the disputed paragraphs, including the exchange rate.

LINK

[Rochester]

3 minutes ago, DinarThug said:

 

Wait, Wtf - I Thought That Maliki Was Mr Potato Head ?  

 

 

     

🤣Iraq has more potatoes than the Irish. ☘️ 

 

They have more vegetables than Central Valley California, that grows half America's vegetables. 

 

Actual photo of current Iraqi Cabinet: 

 

[DinarThug]

Adjusting the exchange rate in the 2021 budget.” A deputy shows the government's response to parliamentary claims

 

 

3,651 Policy 2021/03/29 20:12 

Baghdad Today - Baghdad  

 

A member of the Parliamentary Finance Committee, Muhammad al-Shabaki, confirmed today, Monday, the government's refusal to reduce the exchange rate of the dollar against the Iraqi dinar, in the draft budget law for 2021.
 

Muhammad al-Shabaki said, in an interview with (Baghdad Today), that "the government, despite parliamentary, political and even popular demands, refuses to reduce the exchange rate of the dollar against the Iraqi dinar in the draft budget law for 2021," indicating that it says that "this matter came in accordance with the requirements of the higher interest According to deliberate economic and financial plans. "

Al-Shabaki added, "The Iraqi government has built articles and paragraphs of the 2021 budget bill in light of the new dollar exchange rate, and changing this price means making large and many amendments and changes to the law, and for this the government rejects any amendment to the dollar exchange rate paragraph."

Parliamentary blocs are demanding that the exchange rate be returned to about 1,200 dinars against the dollar, a measure that the government believes is not feasible due to its negative economic effects. 

Today, Monday (March 29, 2021), the representative of the Iraqi coalition, Abbas Sarout, confirmed that holding a new parliament session in order to vote on the 2021 budget bill depends on obtaining a political agreement to pass the law. In an interview with (Baghdad Today), Sarout said that "disagreements over some paragraphs and articles in the 2021 budget bill are still present, especially with regard to the region’s share, the dollar exchange rate, foreign loans and others." 

And he indicated, "The political forces, the Finance Committee and the Presidency of Parliament will complete the dialogues in order to reach a final agreement on the contentious paragraphs and hold a new parliament session dedicated to passing the budget, which will be determined after reaching a final agreement." 

The House of Representatives was supposed to hold its session to vote on the draft federal budget law for the current year, on Sunday, but the persistent differences between the political blocs pushed it to postpone and leave the parliament room.

A parliamentary source inside the House of Representatives stated that the Presidency of Parliament officially informed the MPs to postpone the session to vote on the budget without setting a specific date, after the failure of the dialogues and negotiations on the disputed paragraphs, including the exchange rate. 

Today, Monday (March 29, 2021), the representative of the Iraqi coalition, Abbas Sarout, confirmed that holding a new parliament session in order to vote on the 2021 budget bill depends on a political agreement to pass the law.

In an interview with (Baghdad Today), Sarout said that "disagreements over some paragraphs and articles in the 2021 budget bill are still present, especially with regard to the region’s share, the dollar exchange rate, foreign loans and others." 

And he indicated, "The political forces, the Finance Committee and the Presidency of Parliament will complete the dialogues in order to reach a final agreement on the contentious paragraphs and hold a new parliament session dedicated to passing the budget, which will be determined after reaching a final agreement." 

He added, "We expect that the new parliament session will be tomorrow, Tuesday, after reaching a final agreement between the political forces during the meetings and dialogues, which will be held today."

LINK

[horsesoldier]

These fools have taken   To hitherto unseen EPIC HEIGHTS . Recovery Room / Caesarean birth / exchange rates chatter - what high drama from the GOI DIVAS😂😂😂 

These ass hats need a Super Tanker full of Snickers Bars. This stuff is hilarious 

 

[GreedyDinar07]

I am at a loss for words regarding this budget and I don't believe any of this is smoke and mirrors. The only positive

information I have read is that the auctions have been cancelled, the exchange rate was lowered to pull in the large denominations from the citizens and hopefully the new CBI will be completed by the end of this year. I just hope this insanity doesn't take another fours. We don't know what is true or false and it is frustrating. The GOI is good at one thing which is not getting anything done and lying about it. I have learned to skip over the GOI articles because they will only discourage you. I would rather see the exchange rate be lowered to 1600 because that is how they are removing the large denominations from the people and hopefully they will RV sometime after. If they change it back to 1190 or 1200, that will undo everything they have accomplished and I would give up at that point. Only the CBI has the authority to adjust the exchange rate so to hell with the GOI. They can do their own job not to mention the job of the CBI. 

[Rochester]

1 hour ago, horsesoldier said:

These fools have taken   To hitherto unseen EPIC HEIGHTS . Recovery Room / Caesarean birth / exchange rates chatter - what high drama from the GOI DIVAS😂😂😂 

These ass hats need a Super Tanker full of Snickers Bars. This stuff is hilarious 

 

 

 

Caesarean Birth? Did you say Caesarean birth of a Potato Head? Coming right up, sir! 😁

[horsesoldier]

5 minutes ago, Rochester said:

 

 

Caesarean Birth? Did you say Caesarean birth of a Potato Head? Coming right up, sir! 😁