Mr. Sadr tweets on the budget and warns

[6ly410]

 

[6ly410]

ERBIL, Kurdistan Region  — The implementation of the 2021 federal budget faces stumbling blocks, with the Ministry of Finance saying on Tuesday that the budget cannot be implemented as it stands due to some "errors" in the version published by the Ministry of Justice on Sunday.

The law was featured in the ministry’s official publication, in which all Iraqi laws and legislation are published. No law shall be considered enforceable unless it is published in the paper after being approved by president. 

However, the finance ministry discovered that the published version was not the one approved by parliament.

According to the ministry, there is a discrepancy of more than seven trillion dinars (about $ 4.5 billion) in public revenues between the published law and the original, and a difference of more than three trillion dinars (about $ 2 billion) in public expenditures.

There are also some differences in financial allocations for a number of governmental institutions.

In a statement on Sunday, MP Ammar Tohma called on parliament to investigate the inconsistencies. Tohma heads the National Approach bloc, which previously boycotted votes on the budget over the Kurdistan Region’s share of federal funds. 

Government spokesperson Hassan Nadhim held a joint press conference with the Ministers of Finance and Planning on Tuesday, announcing that the Council of Ministers had authorized Prime Minister Mustafa al-Kadhimi to appeal some of the budget articles before the federal court.

“Some budget articles have been changed in a way that is not in the interest of the government's reforms,” Nadhim said.

"The parliament has removed articles related to the maintenance programs of the electrical system and others related to the development of the health sector,” Mudher Muhammad Salih, Kadhimi’s advisor for financial affairs, told Rudaw English last week. 

Salih explained that the government can go to the federal court to raise objections about additions or deletions to the budget made by the parliament, similar to in 2015 and 2016. 

 

[DinarThug]

LINK

Advisor to the Prime Minister: The strong relations support the openness of the Omani and Iraqi markets

 

20th April, 2021

 

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the Omani and Iraqi markets are open to each other without hindrance as a result of the strong diplomatic relations that bind the two brotherly countries

Saleh described the Omani-Iraqi relations as "historical", explaining that the two brotherly countries have solid historical ties since Iraq received in the 1960s the expatriates of Omani students to study in Iraqi schools, colleges and universities, ending with the Omani labor market's acceptance of Iraqi expertise from various fields

Saleh pointed out in statements to the Oman News Agency, which was followed by "Al-Eqtisad News", that "there is complementarity between the Iraqi investment law in the promotion of investment and foreign investment on the one hand and the development of relations between Iraq and its Arab environment and its brotherly neighbors on the other hand, where integration and cooperation are in accordance with a priority that is advanced by it." 

Investment as a center for consolidating and strengthening relations between Iraq and its neighborhood by providing the correct Iraqi climate for the flow of investment interests into the Iraqi economic arena

On the other hand, the financial advisor to the Prime Minister touched on the government measures taken to limit the economic crisis that Iraq is going through, noting that “the federal budget for 2021 remains a safety valve for the renaissance of economic activity, given that public spending constitutes approximately 50 percent of the composition of the domestic product.

The total in Iraq and the government economy is still the main driver of macroeconomic activity in the country

He explained that the launch of government investment projects on the one hand and the increase in banking credit activity provided to the Iraqi market economy with the support and support of the Central Bank of Iraq began to form a new road map that encourages private investment by facilitating government financial leverage towards operating the business sector and reducing unemployment levels

And he added that despite the reduction in the exchange rate of the Iraqi dinar for reasons related to the current account deficit of the balance of payments and the deficit of the government budget, the prices of goods and services have remained unchanged, which means the continuation of government support in addition to the expansion of the ration card program that targets the poorest classes

Saleh stressed that there are immediate policies to address poverty and to provide food and necessities that suit the livelihood of low-income classes in Iraq who are currently on the poverty line and maintain their lifelong sustainability.
The necessary foodstuffs, their regularity and number, in addition to reviewing the tariffs on the necessary foodstuffs to be the lowest possible to ensure that the demand for foodstuffs is met through the availability of adequate supply and at stable prices

He added that the monetary policy of the Central Bank of Iraq, through the policy of stability in the general level of prices, works to provide the desired foreign currency to finance foreign trade at a fixed exchange rate, which leads to price stability and price expectations in light of efficient foreign reserves in order to achieve price stability and moderation in the standard of living

[DinarThug]

LINK

Governmental media: The Ministry of Finance sets an economic reform plan and begins demarcating projects

 

20th April, 2021

 

The Ministry of Finance, according to what was included in the white paper, has begun to provide quick loans to small and medium-sized companies and facilitate the financing of investment projects aimed at alleviating the housing crisis.
 

The Government Media Cell stated in a statement that Al-Furat News received a copy of it that “the Ministry of Finance presented, according to the government performance program for the six months of last year, many programs and plans within its various sectors.” 

And she continued, “Al-Rafidain Bank began granting loans worth (100) million dinars to employees looking for housing, and (50) million dinars to buy housing units or renewable solar energy systems, as well as car loans, hotel operations, scientific research, doctors, pharmacists, And private sector employees, their value (5, 10, 15, 20, and 25) million dinars. 

"In order to develop the performance of the financial sector and improve the level of technology in the banking sector, Rafidain Bank has participated in reconstruction and investment projects with strategic plans to improve infrastructure, health, education and tourism," the statement added.

Separately, the Ministry of Finance embarked on “implementing the project demarcation file and putting them up for investment. Water purification in Aziz Balad, the extension of the conveyor line from the new Rumaitha project to the Abu Srifa area, the preparation and extension of the electricity network in the Al Dhuaihir area in the Crescent, the extension of the conveyor water pipeline in the Warka area and the extension of the water network of As-Suwayr. 
In addition, the Ministry of Finance announced “investment opportunities ready for implementation, most notably the Al-Qurayat Bridge, which is 2.6 km long, which will link between Al-Karkh and Al-Rusafa, Karbala Al-Hawali Road with a length of 66.5 km, Baghdad Al-Hawali Road with a length of 94 km and the highway linking the governorates of Wasit Baghdad, Karbala and Babil are (235) km long, the road linking Karbala Governorate and Arar Crossing is 160 km long, and the Baghdad-Basmaya road, with a length of (20) km.

With regard to the file of the banking system, the Central Bank has worked to classify banks according to service, close banks that violate laws and legislate reform laws, work to develop government banks and change the exchange rate of the dinar against the dollar, as well as link the Iraqi banking system to the network of local and international banks, and obtain a work permit The SWIFT system, the implementation of international banking operations, the work permit, the issuance of electronic payment cards in the name of the bank, the initiation of the implementation of the banking system and the completion of important steps in it.

 

According to the statement. He pointed out that “Al-Rafidain Bank contributed to an expanded reconstruction and investment plan to advance the health, educational, educational and tourism sectors, by working on infrastructure for services according to strategic plans, which included (26) housing complexes projects in (14) governorates, while the Rasheed Bank contributed to granting loans and advances. For housing complexes, buying cars and small projects for the unemployed and those with health professions, marriage advances for employees and loans for liberated areas.
 
###########
Finance develops an economic reform plan and begins demarcating projects  LINK

[DinarThug]

LINK

Finance Minister: We will ask the Presidency of the Republic to reconsider some budget corrections

 

 

04/20/2021 17:39:33

 

 

The Minister of Finance, Ali Abdul Amir Allawi, revealed, on Tuesday, a request that will be submitted to the Presidency of the Republic that includes reviewing some corrections in the 2021 budget.

 
"We will ask the Presidency of the Republic to reconsider some of the budget corrections," Allawi said, at the joint weekly press conference held at the cabinet building, attended by the Al Furat News correspondent.

"We will also try to find a good solution to raise the level of the Iraqi's per capita income," he added.

 

############

The Minister of Finance submits a request to the Presidency of the Republic regarding the budget  LINK

[horsesoldier]

.... “ moderation in the standard of living “ ????

 

Really ??? How many people in Iraq can actually say they have a standard of living ? Well I suppose untold millions in poverty over there might be classified as a “ standard of living “ 

When are these people going to begin to get some relief ???

 

Just keep talking & dragging everything through the weeds.

Edited April 20, 2021 by horsesoldier

[jg1]

5 minutes ago, horsesoldier said:

.... “ moderation in the standard of living “ ????

 

Really ??? How many people in Iraq can actually say they have a standard of living ? Well I suppose untold millions in poverty over there might be classified as a “ standard of living “ 

When are these people going to begin to get some relief ???

 

Just keep talking & dragging everything through the weeds.

The government has a high standerd of living, the rest, what about the rest. Rolaids for them. 

[DinarThug]

14 minutes ago, horsesoldier said:

Really ??? How many people in Iraq can actually say they have a standard of living ?
Well I suppose untold millions in poverty over there might be classified as a “ standard of living “ 

When are these people going to begin to get some relief ??? 

When Joe Starts Paying To Have Them Start Coming Across Our Southern Border !  

 

     

[horsesoldier]

32 minutes ago, DinarThug said:

When Joe Starts Paying To Have Them Start Coming Across Our Southern Border !  

 

     

[DinarThug]

LINK

Brother and Counselor: Al-Kazemi is the magic bullet and is ready for a second term!

 

12:53 - 20/04/2021

Advisor to the Prime Minister Sabah Mashtat, on Tuesday, said that his brother, Mustafa Al-Kazemi, represented a "magic solution" for the Iraqi people by virtue of its international relations, indicating that he was ready to assume the post of prime minister for a second term.

Mushtat said in an interview followed by "the information", that “the issue of choosing the prime minister is related to international consensus and President Al-Kazemi by virtue of what he has strong relations with the international system and the influential powers in it and his strong relationship with Iraq's neighbors and regional powers in the region. It may be a magic solution or a realistic solution. 
 

Through which it is possible to create a suitable human and living environment for the Iraqi people. 

He added that “despite this, Al-Kazemi has no intention of running in the elections, and the projects we are witnessing some of them have been announced and others will be announced, not related to this matter. The next election”.

Mashtat added, “If the national necessity calls for a man like Mustafa Al-Kazemi by virtue of his strong international relations with regard to Iraq's neighbors and the influential powers regionally and internationally, he will not say no, and this is the destiny of a national person who loves his country and protects and saves the population from the repercussions of international disagreements that want to make Iraq is an arena for solving its problems. 

[horsesoldier]

4 hours ago, DinarThug said:

LINK

Brother and Counselor: Al-Kazemi is the magic bullet and is ready for a second term!

 

12:53 - 20/04/2021

Advisor to the Prime Minister Sabah Mashtat, on Tuesday, said that his brother, Mustafa Al-Kazemi, represented a "magic solution" for the Iraqi people by virtue of its international relations, indicating that he was ready to assume the post of prime minister for a second term.

Mushtat said in an interview followed by "the information", that “the issue of choosing the prime minister is related to international consensus and President Al-Kazemi by virtue of what he has strong relations with the international system and the influential powers in it and his strong relationship with Iraq's neighbors and regional powers in the region. It may be a magic solution or a realistic solution. 
 

Through which it is possible to create a suitable human and living environment for the Iraqi people. 

He added that “despite this, Al-Kazemi has no intention of running in the elections, and the projects we are witnessing some of them have been announced and others will be announced, not related to this matter. The next election”.

Mashtat added, “If the national necessity calls for a man like Mustafa Al-Kazemi by virtue of his strong international relations with regard to Iraq's neighbors and the influential powers regionally and internationally, he will not say no, and this is the destiny of a national person who loves his country and protects and saves the population from the repercussions of international disagreements that want to make Iraq is an arena for solving its problems. 

He's gonna catch a " magic bullet " if Iraq still doesn't have a globally recognized currency by Election time. Don't think Iraqis are gonna be in the mood for another round of " promises "- they demand action

[DinarThug]

LINK

Postponing the parliamentary session to next Thursday

 

20th April, 2021

The Presidency of the House of Representatives decided, on Tuesday, to postpone the session scheduled for today until next Thursday.

A representative source said in an interview with Mawazine News that "the Presidency of the Council decided to postpone holding the Parliament session until next Thursday."

He added, "The reason for the postponement is that there is no quorum to hold the session." 

 

Edited April 21, 2021 by DinarThug

[DinarThug]

LINK

The regional parliament votes on an important law on oil

 

20/04/2021 13:08:48

 

 

The Parliament of the Kurdistan Region voted during its regular session today, Tuesday, on the proposed law of importing, storing and selling petroleum products in the region.
 

During the session, which was chaired by Rewaz Fayeq, Speaker of the Kurdistan Parliament, Parliament voted on the proposed law of importing, storing and selling petroleum products in the Kurdistan Region after the proposal received the votes of 97 parliamentarians.

After voting on the proposed law, Fayeq called on the Kurdistan Regional Government to issue the necessary instructions for this law with all speed so that oil derivatives reach the citizens in the best form and quality.

The speaker of the region’s parliament congratulated the people of Kurdistan on the occasion of the issuance of this law, which is in the interest of the citizens.

[DinarThug]

On 4/19/2021 at 10:07 AM, DinarThug said:

Legal expert: Iraq’s exit from the lists of high-risk countries is a big victory

04/19/2021 09:14:35

 

The legal expert, Tariq Harb, said today, Monday, that Iraq's exit from the lists of high-risk countries is a "major political and economic victory" for the government and the Central Bank.

 

Harb said in a statement that Al-Furat News received a copy of, that "many years have passed on the name of Iraq in the lists of high-risk countries, with the consequences of this staircase of great political and economic implications, perhaps the first and most important of which is the impact on investment and the reluctance of non-Iraqi companies to work. In Iraq, the political and social implications."

He added, "The Al-Kazemi government and the Central Bank of Iraq have made great efforts, especially in the field of their cooperation, by taking the necessary measures regarding money laundering and terrorist financing. 

For a while, Al-Waqi’a Iraq has barely been issued and is devoid of publishing international procedures and decisions, especially those issued by the Special Committee. And associated with the UN Security Council in relation to combating money laundering and terrorist financing and other measures related to seizing the money of those accused of money laundering and terrorist financing, even if they are not Iraqis."

He continued, "Also, a higher committee was established in the Central Bank with the mission of combating money laundering and terrorist financing, and these and other measures such as activating the Anti-Money Laundering and Terrorism Financing Law No. 39 of 2015, so Resolution 392 of 2021 was issued including raising the name of Iraq from among the countries with high risks," 

The government thus deserved and the Central Bank deserved praise and praise for their efforts in removing Iraq from the lists of high-risk countries."

It is noteworthy that the Central Bank of Iraq announced, yesterday, Sunday, the lifting of the name of Iraq from the British classification of high risk countries. 

 

20 hours ago, 6ly410 said:

Parliamentary economy comments on removing Iraq from the 'high risk' list

Posted a minute ago

https://iraqakhbar.com/3041778

News source / Alsumaria channel

The source of the news / Alsumaria channel

 

The head of the Parliamentary Economic and Investment Committee, Ahmed Salim Al-Kinani, considered today, Tuesday, that removing Iraq from the list of "high-risk countries" is evidence of taking the right path.

 

Al-Kinani said in a statement conveyed by the media office, that "Iraq has gone through the largest economic crisis that has passed the whole world due to the Corona pandemic and the global market and trade exchange stopped, which led to a decline in the prices of oil and other minerals."

 

And on the decision to remove Iraq from the list of "high-risk countries", Al-Kinani noted that this is "evidence that Iraq is now beginning to take the right path in drawing up the country's economic policy and ensuring appropriate legislation."

The Central Bank of Iraq announced the day before yesterday, Sunday, to raise the name of Iraq from the British classification of high risk countries

 

LINK

Al-Kinani explains the positive impact of the Iraqi economy after it was removed from the list of "high risk" countries

 

 

22:51 - 20/04/2021

 

The head of the Parliamentary Economic and Investment Committee, MP Ahmed Salim Al-Kinani, considered Tuesday that removing Iraq from the list of "high-risk countries" is evidence of taking the right path in drawing the country's economic policy.

Kinani said in a statement received/information/, said that "Iraq through the biggest economic crisis went through the whole world because of the pandemic Corona and stop global markets and trade exchange , which led to a decline in oil prices and other minerals, " pointing out that "evidence that Iraq has now started taking the road correctly drawing the economic policy of the country and ensuring appropriate legislation.

He added that "European countries and Britain specifically when you see that Iraq has emerged from the risks classified by trade and investment, as it represents the second largest market for exchanging papers, stocks and bonds for major international companies." 

###########

Al-Kinani explains the positive effects on the Iraqi economy after removing it from the list of high-risk countries  LINK 

[6ly410]

 

[6ly410]

 

[DinarThug]

4 minutes ago, 6ly410 said:

 

 

LINK

The regional government refers the budget law to the Kurdistan Parliament .. Barzani reveals the reason for targeting Erbil

04/21/2021 18:46:10

 

The Council of Ministers of the Kurdistan Region discussed today, Wednesday, during its regular session held under the supervision of Prime Minister Masrour Barzani and Qubad Talabani, Deputy Prime Minister.

 

At the beginning of the meeting, Barzani pointed out that: “We decided to distribute the administrative powers of the Council of Ministers to ministries, public administrations and offices in the governorates during a specific period, in order to provide facilities and services to citizens and eliminate red tape in government institutions, in a manner that ensures the completion of citizens' work as quickly as possible in accordance with the stipulations It is in the outlines of the government's work program."

The Prime Minister shed light on the latest security developments in the Kurdistan Region and the results of the investigations into the recent attack on Erbil International Airport and the stance of the international community regarding that.
He said, "We are in constant contact with the Iraqi government to put an end to the attacks on the Kurdistan Region."

Barzani also confirmed that the reason for the attacks is due to the independent policy of the Kurdistan Region, which is a policy that is the basis of the public interest for the people of Kurdistan, indicating that the region wants a good and friendly relationship with neighboring countries, and also thanked the international community for its stances, especially the United States and European countries. For standing by the Kurdistan Region.

After that, the Minister of Interior in the region, Reber Ahmed, referred to the importance of security cooperation with the federal government and the implementation of the obligations of both sides, especially the activation of common security points to confront threats and risks. 

In the second part of the meeting, the Minister of Finance and Economy, Awat Sheikh Janab, and Planning Dara Rashid reviewed the outlines of the first draft of the Kurdistan Region Budget Law for the year 2021 in specific numbers and areas (income, expenditures, loans, financial obligations and deficits), taking into account the tables allocated to the region in the Federal Budget Law.

For the fiscal year 2021, which was published in the Official Gazette on April 12, and it was decided to refer the region's budget bill to the Kurdistan Parliament as soon as possible.

In another paragraph of the meeting, a draft law (Rights and Privileges of Persons with Disabilities and Special Needs No. 22 of 2011) and a draft (Activation of Official Iraqi Stamp Drawings Law No. 71 of 2012) were presented, and in light of this, the Council of Ministers approved the two projects unanimously.

In another part of the meeting, the internal system for organizing the work of guards in the Kurdistan Region was approved by a majority of votes, with the aim of reforming this area, and the Council of Ministers directed the ministries concerned with its implementation. 

[DinarThug]

LINK

Othman: A Technical Delegation Will Visit Baghdad To Discuss The Implementation Of The Agreement For The Region's Share Of The Budget

 

21st April, 2021

Kurdish leader Mahmoud Othman confirmed not to activate the Kurdistan region’s share of the budget agreement until now.

“A technical delegation from Erbil will visit Baghdad soon to discuss the implementation of the agreement for the region’s share of the budget, and a delegation from Baghdad will also visit Erbil to implement the agreement regarding the region’s commitment to exporting oil and other imports.”

He stressed that the implementation of the budget agreement needs more talks between Baghdad and Erbil, noting that the visit of the region’s president, Nechirvan Barzani, to Baghdad, and his meeting with the three presidencies and all the leaders of the political blocs, were useful for the region to solve the outstanding problems with Baghdad.

He pointed out that the two parties, Baghdad and Erbil, need the sums of money and oil, and therefore the understanding is fast and sending the money from Baghdad to the region, and on the other hand, sending oil from the region to the SOMO company in Baghdad, will contribute to solving the economic problems of the two sides somewhat.

[DinarThug]

LINK

Erbil is preparing for new and decisive talks with Baghdad and Masrour Barzani sends a message to Kazemi

21st April 2021

The Chief of the Cabinet of the Council of Ministers of the Kurdistan Region, Omid, announced on Wednesday morning that the regional government is preparing to enter new talks with the federal government to implement the provisions of the general budget for the year 2021, stressing that Erbil is committed to the resulting agreement on the budget.

In a statement to reporters, including the correspondent of Shafaq News Agency, Sabah said, “We are preparing for the region’s delegation to visit Baghdad again to continue the dialogues,” indicating that “this time the talks with Baghdad will come within the framework of implementation, and we in the Kurdistan Region showed us. We are fully prepared to implement the budget agreement between Erbil and Baghdad. "

He added that "the Prime Minister of the region, Masrour Barzani, sent a letter to the Prime Minister of the Federal Government, Mustafa Al-Kazemi, in which the first expressed full readiness to implement any obligations arising from Kurdistan."

On the delegation's visit to the region, Sabah said: This delegation will be a specialist and composed of the Minister of Natural Resources, the Minister of Finance and Economy, and the Head of the Office of Financial Supervision in the region, as they will hold discussions with: the Minister of Oil, the Minister of Finance, and the Head of the Federal Financial Supervision Bureau.

[DinarThug]

LINK

Salaries and sums for the region’s development arrive from Baghdad

      

 

21st April 2021

Representative Hassan Ali of the Patriotic Union of Kurdistan confirmed on Wednesday that the sums for developing regions and governorates, and the salaries of employees, will arrive in the Kurdistan Region, within the next week.

MP Hassan Ali, a member of the Parliamentary Regions and Governorates Committee, explained to PUKmedia : The sums allocated within the regions and governorates development and the salaries of employees will arrive in the Kurdistan Region next week.

He added: The salaries of employees according to the financial budget amount to 320 billion dinars, indicating that the transfer amounts, which are deductions of the Ministry of Finance from other ministries, include the governorates of Sulaymaniyah and Dohuk and the departments of Garmian and Rabin, pointing out that Erbil did not send any book, so no amount was allocated to it.

He stressed that all this came with the efforts of the representatives of the Patriotic Union of Kurdistan in the House of Representatives.

[DinarThug]

LINK

Legal: The budget is valid and the appeal will be in some paragraphs without stopping it

 

14:12 - 21/04/2021

 

 

Legal expert Tariq Harb confirmed, on Wednesday, that the budget law is in effect after it was published in the official newspaper Al-Waqa'i ’, indicating that the appeal will be made by the Prime Minister and in some paragraphs.

Harb said in a statement to / the information / that "a representative of the prime minister will file a lawsuit before the Federal Court to challenge the provisions and provisions of the budget that violate the constitution."

He added, "The appeal will be about some provisions that violate the constitution, including financial matters, some provisions that violate the principle of separation of powers and some provisions that have been introduced by the House of Representatives in the draft budget law that are not in line with the constitution."

He explained that "the appeal will be with the articles mentioned in the lawsuit only, and the other articles will continue to be implemented.

The budget law contains about 50 articles, only the contested articles are stopped and not the entire law."

 

Edited April 21, 2021 by DinarThug

[DinarThug]

LINK

Tender for processing paper currency parcel tapes

 

 

20th April, 2021

 

Tender numbered ( 01/2021 ) for equipping the Central Bank of Iraq with paper currency parcels

 The Central Bank of Iraq invites officially licensed companies and offices with experience and competence and who are qualified to participate in a tender to equip it with (2500) reel of strips of paper currency parcels according to the technical specifications and legal conditions prepared by this bank. 
 

The Central Bank of Iraq / located in Baghdad - Al Rasheed Street - Building No. (2) Floor (3) Legal Department / Contracts Department for the purpose of obtaining tender documents for an amount of (100,000) dinars (one hundred thousand dinars) non-refundable and the tender closing date will be before The end of the official working hours on Monday 5/24/2021

 

Legal Department / Contracts Department

[6ly410]

 

The Financial Committee clarifies regarding the treatment of the repercussions of raising the dollar exchange rate

Posted 34 seconds ago

https://iraqakhbar.com/3043747

News source / NR TV

News source / NR TV

The Parliamentary Finance Committee confirmed, on Wednesday, that monetary policy is one of the powers of the Central Bank of Iraq, but the government is responsible for the living conditions of the citizens.

The reporter of the Finance Committee, Ahmed Al-Saffar, said in a special statement to NRT Arabia, today (April 21, 2021), that “monetary policy is exclusively within the authority of the Central Bank, and we, as a financial committee and the House of Representatives, do not interfere with the process of changing the exchange rate, but what we care about is the consequences of this policy and its impact on Society and the Iraqi citizen ”.

He added, "In the event that the adopted monetary policy leads to negative effects and pressure on the Iraqi citizen, we host any official, whether the governor of the Central Bank or someone else, in order to find out the causes of this impact and how to address it."

He explained, “The cash reserve has no connection with the Iraqi citizen’s status, but it improves the state’s financial position in general, while the government in general and not the central bank is responsible for the citizen’s livelihood. And the poor, especially those affected by the high exchange rate of the dollar, employees and others, due to the huge rise in prices and the decline in real income.

He continued, "We have put articles related to support for the agricultural and industrial sector, the ration card and social welfare, and now on the parliament's agenda we are making the second readings of the Social Security Law

[6ly410]

ERBIL, Kurdistan Region — Iraqi Prime Minister Mustafa al-Kadhimi issued on Wednesday a decision to suspend the operating licenses for 1,128 unfinished investment projects, saying most of them are either too slow to be completed or are fake.  

“This chaos must end,” Kadhimi said during a visit to the National Investment Commission, according to a statement from his media office, saying sustainable plans and strategies are needed.

"There are thousands of acres of land that have been acquired for investment projects for years without any progress being made.”

The PM called on the Investment Commission to suspend 1,128 projects that are up to 35 percent finished. 

"I will be held accountable, according to the law, for any failure to rectify the situation,” Kadhimi said.

In August, the PM formed an anti-corruption committee in a campaign to combat corruption, an issue which factored into the outbreak of the Iraqi protests in October 2019.

Iraq’s parliamentary integrity committee said on Monday that it has “big corruption cases” against a number of former and current ministers, with an anti-corruption body saying it issued 58 warrants and summons last month.

Iraq is ranked one of the most corrupt countries in the world, according to Transparency International, which ranked it at 21st in 2020.

[6ly410]

 

Parliamentary Finance: We will monitor the implementation of the budget agreement between Baghdad and Erbil

Posted 38 seconds ago

https://iraqakhbar.com/3043839

 

News source / Mawazine News

09:55 - 21/04/2021

BAGHDAD - Mawazine News
The Finance Committee commented, today, Wednesday, on the government's desire to
challenge some of the budget items, and while it identified points that the government may allow to appeal
to the judiciary, it confirmed that it will monitor the implementation of the budget agreement between Baghdad and Erbil.
Committee member, Adnan Al-Zorfi, said, “We in
the Finance Committee agreed with the government on the entirety of what was stated in the budget law and dispelled all
concerns about voting on some paragraphs and I think that the government is obligated to implement the
budget law, and I do not see a justification for the government to challenge this law, and if it does so, then I believe that the
House of Representatives He will take some measures towards that. ”
Regarding the budget items that may incur a financial benefit, Al-Zorfi said:
“Any paragraph in the budget that costs the government and the budget additional sums outside the sums.
The government has the right to challenge it before the Federal Court, and I think that the court
will rule the government at that point, if any, but most of the budget items did not go outside the framework of the
total budget cost.
On the amounts added to the budget after the rise in oil prices,
he stressed that "the economic treatments that have been put in the budget are capable of filling the deficit and not
providing more sums."
Regarding the parliamentary role in following up the implementation of the budget’s provisions, Al-
Zarfi stressed : “Certainly, there will be strong monitoring from the House of Representatives, especially the
Finance Committee , about government spending and the terms of the agreement between the government and the region, which is a commitment between the
two parties and if the region does not comply at the time, the government will not pay any financial obligations towards the
region.”
Yesterday, the Council of Ministers authorized Prime Minister Mustafa Al-Kazemi
Appealing some budget provisions before the Federal Court.
Cabinet spokesman Hassan Nazim said at the
weekly press conference that "some budget articles have been changed in a way that is not in the interest of the
government's measures ."
He emphasized that "the Council of Ministers authorized Prime Minister Mustafa
Al-Kazemi to appeal some of the budget provisions before the Federal Court." Ended 29 / A 87