Specialists: The next parliament has a historic responsibility to modify the economy

[yota691]

Specialists: The next parliament has a historic responsibility to modify the economy

Monday 11 October 2021 103

 

 Baghdad: morning 

The economic visions calling for a revolution in laws and legislations during the next parliamentary session coincided, especially laws that would double public revenues, activate the role of the private sector, oil and gas, and the Generations Fund, as well as emphasizing the need for the next parliament to seek to transform the public budget from “Items to annual programs and goals” and seeking to revive dozens of suspended constitutional articles, which are guaranteed to revitalize the economic reality in Iraq, such as Article 106 related to monitoring the allocation of federal imports.The economist, Manaf Al-Sayegh, called through “Al-Sabah” to bring about a major legislative revolution during the next parliamentary session, and to seek to move many constitutional laws and articles that would move the economy, stressing the importance of activating Articles 106 of the constitution, related to monitoring the allocation of federal imports, Article 111 concerned with the necessity of approving the oil and gas law, activating Article 112 first and second of the constitution, approving the joint administration law, and drawing up investment policies for the oil and gas sectors between the federal authorities and the regions and governorates that are not organized in a region.

Al-Sayegh urged the importance that the next parliament, in cooperation with the government, seek to include the implementation of development plans in the budget items, with an obligation to translate them into annual projects that must be implemented in the state’s public budgets approved by the Ministry of Planning with the participation of all ministries and the private sector, stressing at the same time. The necessity of working with the government on the production and approval of the Generation Fund Law, and the adoption of the Council of Reconstruction Law, with a provision in the law to transfer at least a quarter of the oil revenues to it for the purposes of implementing strategic projects.

 

economic system

The economic expert stressed the importance for the new parliament to organize a law that defines the philosophy, form and nature of the Iraqi economic system, and to work on regulating the private sector law as a key partner in economic decision-making, as well as approving the oil and gas law to regulate production and distribution of financial resources, and an administration law. Federal financial resources to regulate exchange and equitable distribution between regions and governorates and to ensure adherence to federal regulatory laws.

Al-Sayegh also called on the future legislative authority to enhance the business environment and raise the level of government performance in facilitating companies’ business within global indicators to ensure the encouragement of investments in Iraq, and to strive to produce a competitiveness law for state institutions to ensure the provision of the best public services to society, in a manner that ensures high quality of service with Efficiency in government performance.

 

Medium projects

With the aim of activating the market and supporting the exchange rate, Al-Sayegh suggested to the next government and parliament, to identify medium and small projects needed by the reality of economic activity in the country, and in cooperation with the Central Bank and the Ministry of Finance, and to support the relevant international institutions in reviving and monitoring these projects, until they succeed in meeting the market need of their products. It will also create job opportunities, which will give economic activity a strong impetus.

The spokesman stressed the importance of contracting with international companies to build good and low-cost housing units for those without housing, people with limited income and workers in state institutions, and this will give Iraq daily economic activity that enhances the capacity of individual income and family spending and also occupies multiple sectors related to the construction sector.

 

tax law

In turn, the researcher in political and economic affairs, Nabil Jabbar Al-Ali, said during his talk to Al-Sabah that economic issues should be at the top of the politicians’ priorities in the next stage, attributing this to a number of reasons, foremost of which is the task of the next government in meeting the demands of the October demonstrations, especially the economic demands of them. Providing job opportunities and providing services, which require approving or amending a set of legislation to support economic reforms or executive procedures, to provide the necessary funds and to legalize expenditures.

 Al-Ali stressed the need to top the agendas of the upcoming parliament sessions, government bills or proposals of parliamentary committees that deal with economic laws and legislation, on top of which is the draft budget law 2022, the oil and gas law, and amendments to the tax law, and social and health security.

The expert, the economic researcher, urged the upcoming parliament, in cooperation with the government, to address the problem of the public sector by legislating the Public-Private Partnership Law.

 

very important files

It may seem early to talk about the priorities of the tasks that will be undertaken by the new Iraqi parliament in its fifth session, but it is very appropriate that the picture be clear in front of the new parliamentary formation, a large percentage of which may be from the new representatives who have not previously practiced parliamentary work from Before, and because the main task of the Council is limited to two things, namely, legislation and oversight.

Abdul-Zahra Al-Hindawi finds that the matter requires us to put on the table of the new parliament a number of issues that we find urgent and important, some of which are still hanging on the shelves of Parliament, and some of them are me, but they are very important.

He continued, “We can refer to some of those files, which come in the forefront, the file of the state’s general budget for the next year 2022, and the extent to which the joints of life are linked to the approval of this law, as time did not help the government and the previous parliament from approving it, and therefore the budget is the first priority before the House of Representatives.” , but we don't want it to be a boiled balance.

Al-Hindawi stressed that the budget should be well-studied, especially since the government has made a great effort in preparing it, especially with regard to issues of financing, loans and oil prices, diversifying sources of income, and emphasizing the issue of the Generations Fund, which represents an important step towards ensuring the rights of future generations.

 

The budget is taken into consideration

Al-Hindawi saw the need for the budget to take into account the issue of the financial deficit from which we suffered a lot, in light of a marked improvement in oil prices, and there is another issue that seems important, including what is related to the investment budget, and the reality of the ongoing projects, which require a mature vision to ensure their completion, within their timelines. 

Al-Hindawi pointed out that there is another file that has been waiting for a long time, which is the file of squatter housing, which requires the legislation of its own law, which the previous parliament had previously read, but it did not pass for many reasons. Those who live in these slums, which have become a painful scene in all cities and governorates of Iraq.

Not only that, but there is the general population census project, the implementation of which has been delayed for about a quarter of a century, and its implementation requires allocating a budget of 120 billion dinars, and I think it is possible to allocate such a budget, after the level of cash reserves increased, the volume of financial revenues improved, and the country exited from the stifling financial crisis.

 

The priorities of the new parliament

I also think and talk about the priorities of the new parliament, to go towards approving the partnership law with the private sector. Such a law would open wide horizons for internal and external investment, and attract many international companies to invest in Iraq, as we are in dire need of such investments. To achieve the seventeen sustainable development goals within the framework of Iraq's Vision 2030.

And he indicated the necessity of implementing the Chinese agreement file, which we want to turn into an agreement approved by the House of Representatives. 

and others. Certainly, there are many other files that the new House of Representatives is required to consider as bearing the "very important" classification, such as the file of oil and gas, electricity, border crossings and other important files.

 

Women, elections and the economy

Maysoon Hussein al-Jubouri believes that women are an element that is no less important than men in all areas of life, especially economic and political.

She told Al-Sabah that elections are one of the most important pillars of democracy in the world, and many countries consider elections a right, and some consider them a duty, and like other classes and segments of peoples, women are considered an active and important part in implementing this national democratic practice, so they must take their real role in society and change What it can change from the political process to run the country's affairs for the better.

 She confirmed to Al-Sabah here, "The role of women in decision-making or influencing change is among the electorate, and most of them are women, but the percentage of women who participate in voting in the most extreme cases does not reach 30%, if not less than that.

So how if this percentage increases to half or more of the voters for women, but if the percentage of female voters exceeds more than the previous one, the equation and the scales may be completely reversed in its favour, if it does well and performs its role convincingly. life related to it.

 

Elections and the economy

For his part, said Dr. Imad Al-Harsh Al-Tamimi said that the results of the elections expected in the coming days, and their results, are among the most important determinants of the future direction of the Iraqi economy, between the urgent need to hold credible elections on their scheduled date, and the reluctance or calls of some to boycott them, some observers and specialists in economic affairs see that there is a failure Abusively in managing the economic file over the past period, which exceeded “4” electoral cycles, in which poverty rates rose very dramatically, exceeding “31%,” as well as fluctuations in oil prices, and the lack of a common vision for the direction of Iraq’s economy in the future.

 

achieve economic reform

Al-Tamimi continued, “There is a view among some of them that these elections represent a reform gesture that can contribute to achieving political reform compatible with economic reform. This reform, it is hoped, will lead to a radical change in the thinking of the Iraqi economic leaders. , because it is believed that their economic identity is the basis of a single economy “pure rentier”, and their thought towards economic diversification is weak and most of their attention is focused on giving the rentier character to the economy despite their recognition of the necessity of economic development and their support for the idea of reform, you find that they do not make it a priority in reality, so it may be After these elections, there is an opportunity to absorb the changes and agree on compromise economic solutions, in the presence of honest, specialized, national economic personalities produced by the results of the elections, or in the presence of loyal patriotic personalities who love their country, giving the opportunity for honest, specialized national economic personalities to exercise their role in managing the economic file towards developmentThe desired sustainable and the desired economic diversification, in light of the presence of oil, land and water, which represent the natural resource as well as the human resource that counts on them to achieve this.

[screwball]

There will be a revolution if they don’t pass the laws 

[Wiljor]

Good morning Yota, 

Lets pray they approve this one fast 

Article 111 concerned with the necessity of approving the oil and gas law,