Iraq to prepare 2023’s budget law within 20 days

[6ly410]

Because of salaries. An expert expects a new rise in the price of the dollar and proposes six measures to the address

Today 18:16

Because of salaries. Expert expects new appreciation of the dollar and proposes six measures to address | Information (almaalomah-me.translate.goog)

Information / Baghdad.

Economist Bilal Khalifa warned on Wednesday that future governments will raise the dollar rate more than once to confront inflation and pay employees' salaries, proposing six measures to address, including privatization of the sports sector and electricity.

Follow the "information" channel on telegram. A news that does not need documentation.

Khalifa said in an article that I viewed / information /, that "the budget for the year 2023 will be based on the price of a barrel of oil, 65 dollars. The oil revenues will be around 122 trillion dinars, and the expected budget will be an expenditure size of 140 trillion dinars, meaning the deficit will be 18 trillion. This is that The current official price of the dollar has been approved, and if it is returned to the old price, which is 1182 dinars per dollar, then the revenues will be around 92 trillion dinars, i.e. a deficit of 42 trillion dinars.

And he added, "The increase in employee salaries is almost impossible, and that raising the value of the dollar against the dinar at the end of 2019 is only a way to reduce the volume of financial allocations for the current budget, i.e. employee salaries."

He added, "If we assume that annual inflation rises in the ideal way, which is 1.6% annually, and that the salaries of employees will be ten years from now, they will decrease by 16%, and this is that the salary, which is worth 470 thousand dinars, will decrease by 16% and be 405 thousand dinars."

He explained that "the result of this scenario is that the next government will resort to a second and third increase in the value of the dollar to address the deficit in paying salaries, with the possibility that the next government will not address the current one." rentier monopoly," expecting that "the issue of employment will decrease the demand for it because the salary will be unable to meet the daily needs of the employee and the conditions are close to the conditions before 2003."

As for the recommendations to exceed what is expected, the economist suggested "maximizing non-oil revenues, especially revenues derived from taxes and customs, including those that come from border crossings, especially those located in the Kurdistan region, as they are outside the administration." and knowledge of the federal government."

He also called for "reducing government spending, especially spending on employee salaries and the retirement fund, and through the White Paper proposal to stop appointments and replace them with job opportunities for the unemployed by increasing and encouraging investments that achieve great job opportunities while setting controls for those companies by paying retirement contributions so that the worker in them guarantees a salary." I am retired at the end of service."

He advised the privatization of some loss-making factories, companies, and departments, which would be a great burden on the federal budget. For example, the privatization of the Ministry of Electricity and the establishment of three companies: the generation company, the transmission company, and the distribution company, provided that they are joint stock companies, and the government partner is a 51% shareholder. Therefore, this step reduces Spending more than 15 trillion dinars annually and ensuring a large revenue for the public treasury, and among the things that must be privatized are all sports clubs because they take billions annually and without any revenue. on her."

He suggested "encouraging local and foreign investment in all sectors and by making it great for the investor because of the matter to move the local market, reduce unemployment and increase non-oil revenues, and raise the salaries of employees and workers in other sectors, including private ones, commensurate with the amount of inflation in the country and thus ensure a prosperous life referred to in the constitution or reconsider the law of salaries of employees after every five years, meaning that it falls within the five-year plan of the state .”

He stressed the need for special attention in the state's non-oil sectors, including tourism, agriculture and industry, even if we go to privatize these sectors completely. Finished/25hr

 

[6ly410]

The Kurdistan Government reviews the results of its delegation's visit to Baghdad and calls for sending the region's share until the adoption of the 2023 budget

The Kurdistan Government reviews the results of its delegation's visit to Baghdad and calls for sending the region's share until the adoption of the 2023 budget (shafaq.com)

2022-12-21 09:20

 

Today, Wednesday, the Council of Ministers of the Kurdistan Region held its regular weekly meeting under the chairmanship of Prime Minister Masrour Barzani, and called for continuing the implementation of the 2021 budget law and sending the region's share until the approval of the draft federal budget law for the year 2023.

In the first paragraph of the agenda, the Cabinet reviewed the results of the recent visit of the high-level delegation of the Kurdistan Regional Government and its meetings with the negotiating delegation of the Federal Government on 11/12/2022, regarding the files (budget, oil and gas, border crossings, the Financial Supervision Bureau), which were presented by the Minister of Finance and Economy Awat Sheikh Janab and the rest of the delegation.

 

 

The Prime Minister praised the delegation and its efforts, and reiterated the desire of the Kurdistan Region to solve problems with the federal government in accordance with the constitution and within the framework of the agreement of the political forces that formed the government and the ministerial curriculum approved by the Council of Representatives.

The Cabinet welcomed the decision of the Federal Council of Ministers last week, to disburse 400 billion dinars as one of the region's dues, and directed the Ministry of Finance and Economy to continue communicating with the Federal Ministry of Finance to complete the procedures for sending the amount as soon as possible to include it in the region's general expenses, as well as instructed the negotiating delegation to intensify its meetings with the federal government after the New Year holiday, with the aim of continuing to implement the budget law for the year 2021 and sending the share of the Kurdistan Region until the approval of the draft federal budget law for the year 2023 from He accepted the Council of Ministers, in accordance with the Ministerial Curriculum.

The second paragraph of the agenda was devoted to presenting the report of the Ministry of Martyrs and Anfal Affairs on providing services to the families of martyrs, Anfal, prisoners and political detainees, which was presented by Minister of Martyrs and Anfal Affairs Abdullah Mahmoud.

After discussing and exchanging views, the Cabinet praised the Ministry for taking a number of decisions in the interest of the families of martyrs, Anfal, prisoners and political detainees, and decided to intensify efforts with the Federal Government, in accordance with the Permanent Constitution of Iraq, in a way that obliges the Federal Government to assume its responsibilities in providing compensation due to the families of martyrs, Anfal, prisoners and political detainees, who are victims of previous regimes, and this Constitution has stipulated as one of the rights and entitlements of the region.

In the third paragraph of the agenda, the President of the Environmental Protection and Improvement Authority, Abdul Rahman Siddiq, presented a report on the plan of the Council for the Protection and Improvement of the Environment of the Kurdistan Region for the year 2023 to confront climate change and its negative consequences and effects on the Kurdistan Region and Iraq, through the implementation of national charters that the Kurdistan Region played a major role in preparing, especially with regard to water scarcity, desertification, high temperatures and the decline in green spaces, and the report touched on opportunities to benefit from international institutions and the experiences of countries in using sources Renewable and clean energy, climate-smart agriculture, economic diversification, interest in environmental investment, the establishment of nature reserves, recycling of heavy water and waste.

The Prime Minister praised the Environmental Protection and Improvement Authority and Council for their projects, plans and efforts, and pointed to the seriousness of the negative effects of climate change on the lives of citizens, and stressed the need for ministries to take the necessary measures to confront the risks of climate change, including the construction of dams and water ponds, increasing the level of green spaces in the Kurdistan Region, reducing emissions of toxic gases, especially carbon dioxide, and other measures.

The Council of Ministers approved the proposals and recommendations of the Environmental Protection and Improvement Authority and Council, including activating and paying attention to the Supreme Council for the Protection and Improvement of the Environment in the Kurdistan Region, formed under Law No. (3) of 2010, which includes representatives of the relevant ministries and bodies, provided that the ministries, through the Supreme Council, assist the Environment Agency to achieve its goals in protecting and improving the environment, especially with regard to the harmful effects of climate change, which has become a global concern with a political, demographic and social impact. and improving the environment to pay more attention to this matter in cooperation with the Federal Ministry of the Environment.

[6ly410]

Kurdistan regional government asks Baghdad to continue sending budget

2 hours ago

 

 

Digital Event

 

The Krg's council of ministers reiterates the Krg's desire to resolve its problems with Baghdad and calls for the Iraqi government to send a portion of the Kurdistan Region's budget until the 2023 general budget is approved.

 

Today, Wednesday, 21-12-2022, the Kurdistan Regional Government's Council of Ministers met. In part of the meeting, chaired by Prime Minister Masrour Barzani, the government "welcomed last week's decision by the Iraqi Council of Ministers to send the 400 billion dinars" to the Kurdistan Region.

 

"support for the ministerial agenda agreed upon by the political forces and approved by parliament, according to decision No. 18 of the year," Prime Minister Mohammed Shia Sudani's office said after the government's 13-12-2022 meeting. On October 27, 2022, the Council of Ministers decided to spend 400 billion dinars on the Ministry of Finance, as deserved by the Kurdistan Region.

 

According to an agreement between Erbil and Baghdad, the monthly sending of 200 billion dinars to the Kurdistan Region will continue until iraq's 2023 general budget is approved by parliament.

 

At today's meeting, the KRG commissioned the Ministry of Finance and Economy to continue discussions with the Iraqi government on sending the KRG's budget to be completed as soon as possible "in order to serve the kurdistan region's public expenditures".

 

After the New Year's holidays, the Kurdistan Regional Government's delegation decided to "intensify their meetings with the federal government towards the continuation of the implementation of the 2021 budget law and the sending of the Kurdistan Region's budget portion" until the Iraqi federal budget bill for 2023 is approved by the Iraqi House of Representatives.

 

After completing the 2023 budget bill in the Iraqi Council of Ministers, the first session is scheduled to be held on 7-1-2023 with the end of the Iraqi parliament's holiday, which will be specific to the budget bill and will be voted on after it is discussed.

 

Iraq's 2023 general budget is estimated at more than $100 billion, with the Kurdistan Region's share set to be more than 14 billion dollars annually, more than one billion dollars a month.

 

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[screwball]

On 12/21/2022 at 2:25 AM, 6ly410 said:

noting that the Ministry of Finance will submit the budget law to the Council of Ministers, for approval in the coming days.

 

On 12/20/2022 at 10:01 AM, 6ly410 said:

Al-Kazemi announces the completion of the budget joints and the mechanism for calculating the share of the Kurdistan region

So this means oil law is done just need a vote and the budget 

[HowieC]

7 hours ago, screwball said:

 

So this means oil law is done just need a vote and the budget 

So if my memory serves me ........Hasn't Sir Adam said in the past we would see a change in value within days , if not the same day of the infamous HCL being passed?  Infact not until then?   JS

 

 

[nannab]

HCL then article 140 shortly after and then and then???  RVVVVVVVVVVVVVVVV

If my now old memory is in tact.  🙃

34 minutes ago, HowieC said:

So if my memory serves me ........Hasn't Sir Adam said in the past we would see a change in value within days , if not the same day of the infamous HCL being passed?  Infact not until then?   JS

 

 

 

[Jaygo]

1 hour ago, nannab said:

HCL then article 140 shortly after and then and then???  RVVVVVVVVVVVVVVVV

If my now old memory is in tact.  🙃

 

Wait.. Don’t they have to form a committee, take a 3 week break, vote on a new minister and then vote on the Breakfast, Lunch and Dinner for the day before this can happen? Just curious…. 

[JonnyV]

You might be kidding Jaygo but it’s probably not far from the truth.  

 

Oh, you forgot that they have to play with their Camel’s nuts as well.  😳

[Jaygo]

20 minutes ago, JonnyV said:

You might be kidding Jaygo but it’s probably not far from the truth.  

 

Oh, you forgot that they have to play with their Camel’s nuts as well.  😳

Damnit!! I totally forgot about the camels nuts! Dang it!!

[psdon]

 

24 minutes ago, Jaygo said:

Damnit!! I totally forgot about the camels nuts! Dang it!!

it's got to go to the banking Committee - overview Thin the global financial committee and and and vacation Committee

[6ly410]

 

Parliamentary law reveals a new date for the legislation of the 2023 budget

| Policy Yesterday, 21:21 | 

    Parliamentary law reveals a new date for the legislation of the 2023 budget » Baghdad Today News Agency

 

Baghdad Today - Follow-up

Today, Thursday, the parliamentary legal committee revealed the expected date for legislating the 2023 budget.

Salem al-Anbaki, a member of the parliamentary legal committee, said in a televised statement followed by Baghdad Today, "The draft budget has not yet been sent by the government, and we believe that there are deliberations on the exchange rate and the barrel of oil that need some time."

Al-Anbaki called on the government to "speed up sending the budget to start discussing it," noting that "it will need time and we expect it to extend to a vote on it next April."

[6ly410]

Parliamentary law clarifies the mechanism for resolving parliamentary committees

December 22 21:26

Information/Baghdad...

Parliamentary law clarifies the mechanism for resolving parliamentary committees | Information (almaalomah-me.translate.goog)

The Parliamentary Legal Committee clarified, on Thursday, that there are no differences hindering the completion of the nomination of the chairmanships of the parliamentary committees, and while it indicated that the mechanism for resolving it will be carried out according to the electoral entitlement, it was confirmed that the 2023 budget has not yet reached the House of Representatives.

A member of the parliamentary legal committee, Salem al-Anbaki, told state television and followed by "the information" that "the distribution of the presidencies of the parliamentary committees agreed to be done according to the weights of the electoral blocs, which was adopted in the ministerial cabinet as well.”

He added, "The blocs' failure to reach an agreement on naming the chairmanships of the committees before the legislative recess is mainly due to the lack of serious discussions among them, and we expect that they will be resolved at the beginning of the second legislative term."

He continued, "There are no problems between the blocks about the chairmanships of the committees and the subject will occur in negotiations and agreements to resolve them in 25 committees, and we believe that the chances of independents in the presidencies of some committees are few and There are emerging forces that entered parliamentary blocs and we expect them to take their due."

"This does not negate that political understandings allow independents to chair some committees," he said.

On the 2023 budget, Al-Anbaki stressed that "the draft budget has not yet been sent by the government, and we believe that there are deliberations on the exchange rate and the barrel of oil that need some time, and we call on it to Expedite sending it to start discussing it, and it will need time, and we expect it to extend to vote on it next April.” Finished 25n

[NoviceInvestor]

2 hours ago, 6ly410 said:

Parliamentary law clarifies the mechanism for resolving parliamentary committees

December 22 21:26

Information/Baghdad...

Parliamentary law clarifies the mechanism for resolving parliamentary committees | Information (almaalomah-me.translate.goog)

The Parliamentary Legal Committee clarified, on Thursday, that there are no differences hindering the completion of the nomination of the chairmanships of the parliamentary committees, and while it indicated that the mechanism for resolving it will be carried out according to the electoral entitlement, it was confirmed that the 2023 budget has not yet reached the House of Representatives.

A member of the parliamentary legal committee, Salem al-Anbaki, told state television and followed by "the information" that "the distribution of the presidencies of the parliamentary committees agreed to be done according to the weights of the electoral blocs, which was adopted in the ministerial cabinet as well.”

He added, "The blocs' failure to reach an agreement on naming the chairmanships of the committees before the legislative recess is mainly due to the lack of serious discussions among them, and we expect that they will be resolved at the beginning of the second legislative term."

He continued, "There are no problems between the blocks about the chairmanships of the committees and the subject will occur in negotiations and agreements to resolve them in 25 committees, and we believe that the chances of independents in the presidencies of some committees are few and There are emerging forces that entered parliamentary blocs and we expect them to take their due."

"This does not negate that political understandings allow independents to chair some committees," he said.

On the 2023 budget, Al-Anbaki stressed that "the draft budget has not yet been sent by the government, and we believe that there are deliberations on the exchange rate and the barrel of oil that need some time, and we call on it to Expedite sending it to start discussing it, and it will need time, and we expect it to extend to vote on it next April.” Finished 25n

... And the Band Played On..

[screwball]

19 hours ago, HowieC said:

So if my memory serves me ........Hasn't Sir Adam said in the past we would see a change in value within days , if not the same day of the infamous HCL being passed?  Infact not until then?   JS

 

 

Correct

[RJG]

The Ministry of Finance begins checking the amounts within the current expenditures to include them in the budget

sweeteners |Yesterday, 18:13 |

    

 

 

 

Baghdad today - Baghdad

Today, Friday, the Ministry of Finance announced that it will start auditing the amounts within the current expenditures to include them in the budget.

The Finance Media said in a statement received by (Baghdad Today) that "the Ministry of Finance has initiated procedures to check the amounts within the current expenditures of the ministries to include them in the budget for the year 2023."

He added, "The ministry continues to complete procedures for installing free lecturers and contracts in ministries."

 https://baghdadtoday-news.translate.goog/208239-المالية-تباشر-بتدقيق-المبالغ-ضمن-النفقات-الجارية-لإدراجها-في-الموازنة.html?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

[6ly410]

Parliamentary Committee: The fluctuation of the dollar rate is the most prominent obstacle to the adoption of the 2023 budget

 

Parliamentary Committee: The fluctuation of the dollar price is the most important obstacle to approving the 2023 budget The information (almaalomah-me.translate.goog)

• 23 Dec 16:29

Information/Baghdad...Today, Friday, a member of the Parliamentary Legal Committee, Salem Al-Anbaki, considered the fluctuation of the dollar exchange rate in the market the most prominent problems facing the approval of the financial budget for the year 2023, expecting it to be approved in late March or the beginning of next April.
Al-Anbaki said in an interview followed by the agency / Information /, that "the budget law and its draft is still with the government, and has not reached Parliament so far, and its items have not been clarified definitively, which requires speeding up their submission to Parliament and presenting them with several readings to reach a final version for approval.”He added, “The fluctuation of the dollar price and its determination in the 2023 budget highlighted the obstacles to approving the budget, in addition to some items that have not been discussed so far, so it is unlikely that the budget will be approved early. "
Al-Anbaki said that the budget is likely to be approved and agreed upon between parliamentary forces during March or April of next year, adding, "It may witness early agreements as a result of the keenness of political forces to approve the budget in response to popular pressure and the basic living and basic entitlements of the citizen.”It is noteworthy that the budget for the year 2023 will exceed the threshold of $100 billion for the first time in years, due to the large financial revenues available to Iraq.End/25

[screwball]

On 12/23/2022 at 1:14 PM, 6ly410 said:

and we believe that there are deliberations on the exchange rate

Anyone?

[6ly410]

Iraq news now

Parliamentarian condemns "unjust" decision against Faili Kurds and calls for fairness in the budget

Posted a minute ago

 

Parliamentary condemnation of an "unfair" decision against the Faili Kurds and a call for fairness to them in the budget - Iraq News (iraqakhbar-com.translate.goog) 

 

 

News Source /Shafaq News

2022-12-26T13:21:41.000000Z
 

 

Shafaq News / The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, on Monday, called for the need to do justice to the Faili Kurds, and to review and cancel the legislation issued by the dissolved Revolutionary Command Council against them, while calling on the government to rebuild their areas and grant them the necessary financial allocations within next year's budget.

The media office of Mandalawi said in a statement received by the Shafaq News Agency that "the First Deputy Speaker of the House of Representatives Mohsen Al-Mandalawi received in his office, on Monday, a number of sheikhs and notables of the Kara Los tribe of the Faili Kurds, to discuss their situation and listen to their problems and needs.”

Al-Mandalawi stressed the “necessity of doing justice to the Faili Kurds, removing the bad effects that befell them during the time of the defunct regime, and reviewing and abolishing the legislation issued by the dissolved Revolutionary Command Council against the Failis, especially Resolution No. (617) related to the confiscation of orchards and agricultural lands in the Khanaqin and Mandali regions of Diyala Governorate Because it is an unfair and unjust decision, and its consequences must be dealt with.”

The First Deputy called on the government to rebuild the Faili regions and develop their border crossings, and to grant them the necessary financial allocations within the next year’s budget, and to include them in economic, sectoral and strategic projects.

The Faili Kurds, who are spread in Baghdad and central and southern Iraq, suffered from a series of measures by the authority of the Baath Party, which took power in Iraq in 1963, where all their property and money were robbed, in addition to stripping them of Iraqi citizenship, which was concluded by former Iraqi President Saddam Hussein with double cruelty.

The Faili Kurds were among the wealthy in Iraq, especially in the capital, Baghdad, in addition to assuming high positions as a result of their desire to study, but they were subjected to systematic campaigns to exterminate them on various charges that they were exposed to.

Meanwhile, Fayli Kurdish families have so far complained that they have not received the remains of their sons, who were victims during such a difficult period in their lives.

[6ly410]

The budget is hostage to the differences in Baghdad and Erbil. 'Eternal obstacle' hinders recognition again

• Today 19:53
• The budget is hostage to the differences in Baghdad and Erbil. The "eternal obstacle" hinders recognition again| Information (almaalomah-me.translate.goog)

Information/ Private.

Since the writing of the Iraqi constitution to the present day and during the formation of all Iraqi governments and the adoption of the fiscal budget law, the point of "Kurdish share" and the associated data between Baghdad and Erbil emerges on the political scene.

Follow the "information" channel on telegram. A news that does not need documentation.

The share of Kurdistan may be the most prominent point of contention between the center and the region and is the first and last reason for delaying its approval, as Erbil has always resorted to using a "unilateral" policy, that is, obtaining the largest possible A percentage of the budget in exchange for not handing over to Baghdad the required revenues from the sale and export of oil derivatives and border crossings.

Former member of the House of Representatives, Fadel Al-Fatlawi, suggested that the approval of the financial budget law be delayed for more than a month, while he attributed this to reasons, including the differences between Baghdad and Erbil.

Al-Fatlawi said in an interview with the information agency, "The budget law was supposed to be sent to parliament and approved before the legislative recess or the end of the current year, but many reasons worked to delay it until the moment."

And he adds, "It is expected that the budget will be delayed for more than a month or two," attributing the reason to "differences between the central government and the Kurdistan region over the latter's share."

The former member of parliament explained that "the other reason is the differences between the ruling parties, namely the Patriotic Union and the Kurdistan Democratic Union."

Al-Fatlawi explains: "Despite the many differences, negotiations and dialogues openly and in dark rooms continue to try to reach a solution," noting that "there are many problems and obstacles facing the Sudanese government, which has an ambitious program."

* pressure and submission

The financial budget law is like other laws that apply by virtue of the constitution and the law, but the agreements that precede the formation of the government may add to it a political character that changes the proportion of the Kurds’ share, especially in the case of the advent of a submissive government that meets the aspirations of the region.

The leader of the State of Law coalition, Wael Al-Rikabi, confirmed that the budget file is done through the Ministry of Finance and is not concerned with the region, while he indicated that the Sudanese government is subject to the same as the previous caretaker government.

And the leader of the coalition, Wael Al-Rikabi, stated in an interview with Al-Maalouma agency, that "the budget file is done through the Ministry of Finance and what is determined for the Kurdistan region and the rest of the other provinces, and therefore, under the Sudanese government, the matter is not concerned with the region only."

He points out that "the current government is not subject to the fulfillment of the desires of political blocs away from the constitution, the law and the right path that governs the relationship between Baghdad and the region, and this is different from the previous Kadhimi government .”

The leader of the State of Law explains, "One of the reasons for the Kurds' visits to Baghdad is the budget file and the desire to increase their financial share," pointing out that "the budget is not temperamental or subject to the prime minister." or the desire of the Kurds, but it is supposed to be based on a real agreement.

Shuttle visits

While the general budget law is being prepared, intensive visits are being made from Erbil to Baghdad in an attempt to obtain as much financial shares and privileges as possible.

In turn, the leader of the Kurdistan Democratic Party, Wafa Mohammed, revealed the share of the Kurdistan region's fiscal budget for the next year.

"There is a quasi-agreement between the Kurdistan region and the central government on the share of the Kurdish component of the fiscal budget law for 2023," Mohammed told Al-Maalouma news agency.

He pointed out that "the share of the region will be 14% and was almost certainly agreed upon during the visit of the last Kurdish delegation to the capital, Baghdad."

Despite all expectations that the Kurds will retain 12% of the financial budget, the Arbili delegation continues to negotiate to obtain what can be obtained from Baghdad, as it knows very well that every dinar coming from Baghdad in exchange for not providing any financial benefits is a victory in the policy negotiations. Finished/25t

[6ly410]

Economist: The 2023 budget will be mined!

•  Time : 2022/12/28 23:26:41
•  
• Economist: The 2023 budget will be mined! - Euphrates News (alforatnews.iq)

  

The economist, Nabil Al-Marsoumi, described the 2023 budget as "mined" after the decision of the Council of Ministers to confirm contracts and disputes over the share of the Kurdistan region.

 

Al-Marsoomi said to the program {Al-Mastra} broadcast by Al-Furat satellite channel this evening: "There are no concerns about the salaries of employees and they are fully secured, and the problem in Iraq is not in the scarcity of dollars, but in remittances and smuggling dollars abroad in unofficial ways."
"The 2023 budget is likely to face new problems related to operational spending after the decision to confirm contracts, and another problem with the share of the Kurdistan region, and there may be a great controversy in parliament as it contradicts the decision of the Federal Court," he said.
"There are big mines in the 2023 budget and it will not go easily and will be subject to great public criticism, but political agreements will solve many problems in it," he said.
With regard to the rise in dollar prices, Al-Marsoumi explained, "There are two accounts for Iraq in the US Federal Bank {state revenues from oil sales and the currency sale window}," pointing out that "there is a large gap between the sales of the Central Bank and goods entering Iraq."
He pointed out that "the currency window is the creation of the US Federal Reserve and linking it to the electronic form, and the American decision is an arm of the new Iraqi government that there should be Iraqi-American understandings."
"The fluctuation of the dollar exchange rate put the government in front of a new challenge and led to the rise of goods," he said, expecting "their rise to continue even with the decline of the currency."
"It is difficult to give a date for the decline of the dollar crisis, but the longer the difference lasts, the more fundamental damage is caused to the citizen," he said.
At the end of his speech, Al-Marsoomi ruled out "the rise in the price of the dollar to 200,000 and a return to the old price, as it is linked to two technical and political aspects."

[RJG]

 

Minister of Finance reveals the dollar exchange rate in next year's budget

local| [11] 11:19 – 30/12/2022

 

Baghdad – Mawazine News
Finance Minister Tayf Sami revealed on Friday the fate of the draft general budget law of 2023, and while she determined her priorities and exchange rate, she announced the resolution of the file of installing lecturers and contracts in state institutions.
Sami said that “the ministerial program approved by the Council of Ministers includes the current expenditures of some ministries, and other investment projects worked on by the Ministry of Planning and included in the budget of 2023, noting that “the Ministry of Finance received the ministerial curriculum and its expenditures from the ministries that were included in the general budget.”
Sami added that “the general budget will focus mainly on the health sector, supporting hospitals, reducing operations abroad, supporting fragile classes, social welfare, and people with disabilities, and raising the ceiling of loan capital for small enterprises in the Ministry of Labor.”
She explained that “the Ministry of Finance is still working on completing the General Budget Law of 2023, and there are meetings held with the Prime Minister to include directives, and they have not yet been sent to the Council of Ministers,” stressing that “the budget will include the establishment of a development fund, and we have set its allocations to the investment curriculum with a provision in the law on
The Minister of Finance added that “the price of a barrel of oil that has been placed so far in the general budget amounted to 65 dollars, and may reach $70, and has not yet been set the total amount of the budget, while the exchange rate has been fixed at 1450.”
She stressed that “the draft general budget law may include a study to impose some taxes on the oil derivatives sector if approved by the House of Representatives, which enhances revenues.”
Sami said that “the file of lecturers has taken a large place with the government, which is working to end it,” noting that “all lecturers who included in the decision to allocate financially grant them 250,000, are covered by the confirmation decision, and they are considered contracts from the date of 2019, which number 289,000.”
On the file of lecturers 2020, Sami explained that “the lecturers for 2020 have not allocated funds within the Food Security Law, and they need to raise their cost by the Minister of Education and present it to the Council of Ministers, and calculate their cost within Resolution 315.”
Sami pointed out that “the file of installing contractors and employees in state institutions will include everyone who has two actual contract years, and the mechanism for installing them will be from two directions: the first is the departments that will bear the costs in full, and the other there are allocations for high ministries through transfers, while the state bears the financial differences of ministries that have large numbers and allocations
Sami noted that “monetary policy is the responsibility of the Central Bank of Iraq, but there is solidarity work, for example of the directives of the Central Bank to banks affiliated with the Ministry of Finance to sell dollars at the official price for travel purposes,” noting that “there is a committee formed on the file of high exchange rate to be presented to the Council of Ministers to vote on new
She explained that “talk about the intention of imposing restrictions and sanctions on the banking sector and others is a disgrace,” noting that “there is a platform and a common system between the Federal Bank and the Central Bank that was supposed to work on since 2018, but it has been implemented for audit purposes now, so it caused a temporary appreciation of the exchange rate and will return to its natural stability
She pointed out that “there are other measures taken to address the rise in the exchange rate, including working on customs exemptions and providing facilities for traders to prevent smuggling and extortion, and this will achieve positive purposes, including the increase in revenues,” pointing out that “the Ministry of Agriculture will adopt import clearance, and the mechanism of issuing it will be within one day.”
Sami added that “the ministerial platform included a large number of paragraphs of the white paper, especially the automation of customs, taxes, the comprehensive banking system, the unified treasury and other files.”
She pointed out that “there are two payments returned from the refunds related to tax insurance, and there are other payments that will be returned and delivered to the Integrity Commission with a special account in coordination with the Court of Investigation.” Finished29/h

 

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Every year the budget gets tossed around like a wet watermelon.  This one will be like this years budget, never passed.

[6ly410]

 

[6ly410]

"Rumors that the US intends to impose sanctions on the Iraqi banking sector are far from true," said Finance Minister Tayif Sami.

[6ly410]

Fixing the dollar and oil in the 2023 budget and the reality of US sanctions. "Taif Sami" reveals the details

Fixing the dollar and oil in the 2023 budget and the reality of US sanctions. "Taif Sami" reveals the details (shafaq.com)

2022-12-30 02:28

 

 

Shafaq News / revealed Finance Minister Taif Sami on Friday revealed new details related to the draft budget law Federal for the year 2023, while indicating that it included a fixed exchange rate for the dollar, in addition to To the file of confirmation of lecturers and contracts in all state institutions.

 

 

Sami said, in An interview conducted by the official agency, and followed by the Shafaq News Agency, that "the budget The public will focus mainly on the health sector, supporting hospitals, and reducing Conducting operations abroad, supporting vulnerable classes, social welfare, and people with disabilities, Raising the capital ceiling for loans for small projects in the Ministry of Labour."

She added that "The price of a barrel of oil that has so far been put in the general budget is $65, It may reach $70, and the total amount of the budget has not yet been set, while it has been proven The dollar exchange rate is at 1450."

The Minister of Finance, pointed out that "the draft general budget law may include a study to impose some Taxes on the oil derivatives sector if approved by the House of Representatives, which enhances revenue".

Sami pointed out, to "Monetary policy is the responsibility of the Central Bank of Iraq, but there is work In solidarity, an example of this is the directives of the Central Bank to banks affiliated with the Ministry of Finance to sell the dollar at the official price for travel purposes," noting that "there is a committee Formed about the file of the rise in the exchange rate will be presented to the Council of Ministers for a vote on matters new".

The minister refuted the conversation The intention of the US side to impose restrictions and sanctions on the banking sector and others, "There is a joint platform and system between the Fed and the central bank that was It has been supposed to be worked on since 2018, but it has been implemented for auditing purposes now, Therefore, it caused the exchange rate to rise temporarily and will return to its normal stability."