The Council of Ministers decides to send 700 billion dinars to the Kurdistan region of Iraq

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The Council of Ministers decides to send 700 billion dinars to the Kurdistan region of Iraq

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Today, Sunday, the Council of Ministers decided to send 700 billion dinars to the Kurdistan region of Iraq.

 

The source said, “The Council of Ministers decided to send an amount of 700 billion dinars per month in the form of a loan for a period of 3 months to the Kurdistan region.”

 

Earlier, the Council of Ministers held its session under the chairmanship of the Council of Ministers, Muhammad Shiaa Al-Sudani.

 

Al-Rabaa’s correspondent said, “The Council of Ministers held its session headed by Al-Sudani,” noting that “the session will include decisions related to the Kurdistan region of Iraq.”

 

Prime Minister Muhammad Shiaa Al-Sudani intends to visit New York City to participate in the annual meeting of the United Nations General Assembly.

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The Federal Council of Ministers decides to send 700 billion dinars to the region to cover employee salaries

Kurdistan

16:34 - 2023-09-17

Today, Sunday, the Federal Council of Ministers held its regular session, headed by Prime Minister Muhammad Shiaa Al-Sudani.
The Federal Council of Ministers decided at the session to send 700 billion dinars per month for a period of 3 months in the form of a loan, to cover the salaries of employees in the Kurdistan Region.
This meeting comes after the visit made by a high-ranking delegation from the Kurdistan Regional Government to the capital, Baghdad, and its meeting with the three presidencies and Iraqi political parties, where the region’s delegation requested sending the Kurdistan Region’s share for the months (7-8-9-10-11-12) of the current year. Which amounts to 4 trillion and 800 billion dinars, at a rate of 800 billion dinars per month, but the Federal Council of Ministers agreed to disburse 2 trillion and 100 billion dinars in the region’s dues at a rate of 700 billion dinars per month in the form of a loan to fill the deficit in employee salaries. 

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The Council of Ministers lends the Kurdistan region two trillion and one hundred billion dinars

The first  09/18/2023

 

 

 Baghdad: Al-Sabah  

The Council of Ministers decided, in its regular session held yesterday, Tuesday, under the chairmanship of Council President Muhammad Shiaa Al-Sudani, that the Rafidain and Rasheed Banks and (TBI) would undertake to lend the Iraqi Kurdistan Regional Government an amount of two trillion and one hundred billion dinars for the current fiscal year, to be paid in three equal installments in (700) billion dinars for each batch, starting this September.

The Prime Minister's Media Office statement added that the Federal Ministry of Finance is repaying the aforementioned loan amounts from the region's allocations in the federal general budget for the fiscal year 2023, after settling what it owes.

The statement indicated that the Federal Office of Financial Supervision, in coordination with the Office of Financial Supervision in the region, is responsible for auditing the numbers of employees and those covered by social welfare salaries and retirees in the region according to the lists submitted to the Federal Ministry of Finance and the amount of their salaries within a period not exceeding (30) days from the date of issuance. This decision is in accordance with the requirements set by the two aforementioned offices.

In confirmation of the directives of the Commander-in-Chief of the Armed Forces to enhance the security of the Iraqi borders, the Council of Ministers approved the allocation of (15,140,400,000) dinars by the Ministry of Finance to the Ministry of Interior from the emergency reserve allocations, to construct a concrete wall on the Iraqi-Syrian border/Sixth Region border sector, in completion of the previous wall from Sharji al-Rawi area, south of Tel Safuk.

In order to alleviate the burden on families of diabetic children, the Council of Ministers decided to include diabetic children with social protection benefits, considering them to be individuals below the poverty line.

The Council of Ministers approved an increase in the capital of the House of Cultural Affairs/Ministry of Culture, approved by the Federal Bureau of Financial Supervision and the Capital Determination Committee in the Ministry of Finance, in the amount of (3,308,773,000) dinars, instead of 15 million dinars.

The Council of Ministers approved the recommendation of the Ministerial Council for the Economy, which includes amending the price of the gas oil product (kerosene) supplied to government sector companies in the Ministries of Transport and Trade to become (400 dinars/liter) instead of (750 dinars/liter), and the decision will be implemented starting from the first of next October. .

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The Prime Minister's Office announces the results of investigations into draft food security laws

Yesterday, 23:13

 

Al-Ghad Press/Baghdad

Today, Sunday, the office of Prime Minister Muhammad Shiaa Al-Sudani announced the results of investigations into the file of contracts for projects funded within the Emergency support for Food Security Law. 

 

The office stated in a statement, “In implementation of the priorities of the government program in the fight against corruption, the Prime Minister, Mr. Muhammad Shiaa Al-Sudani, approved the recommendations of the audit committee responsible for auditing contracts for projects funded, within the Emergency support for Food Security Law, and implemented by the Reconstruction Fund for Areas Affected by Corruption.” terrorist operations.”

 

He stated that the results of the audit resulted in the following:

 

Firstly. There is an exaggeration in the pricing of some clauses of the contracts that were audited, in addition to the existence of differences of large amounts in the prices of some clauses between one contract and another, despite the similarity of these clauses.

 

secondly. It has been proven that there is forgery in the signatures of some authorized directors in the contracts and documents submitted by the contracting companies.

 

Third. The above-mentioned fund management carried out a set of procedures within one day, namely (submitting bids, analyzing bids, approving the Central Referral Committee, approving the Central Committee for Review and Approval).

 

Fourthly. The aforementioned fund management referred some projects to newly established companies (months before contracting), with weak financial solvency and do not possess the requirements, capabilities and conditions necessary to implement the projects, and some of them are not specialized in the nature of the project.

 

Fifth. The Fund’s management did not approve the above-mentioned distribution of projects among the beneficiary entities in accordance with the law.

 

Sixthly. The Fund’s management did not implement the projects in a manner consistent with the government’s directions in implementing the government program.

 

Seventh. There are many projects whose completion rates are still low to date, even though their contracts were concluded in 2021, which indicates the selection of companies that are not qualified to implement some projects.

 

According to the statement, the audit committee recommended the following:

 

Firstly. Referring the report, along with the priorities accompanying it, to the competent court and the Federal Integrity Commission, for the purpose of taking appropriate legal measures regarding the violations contained therein, in a way that ensures the application of the law, the protection of public money, and the accountability of negligent parties.

 

secondly. Instructing the fund management above to address the observations contained in the report and not to repeat them in the future, in order to ensure the achievement of the objectives specified in the government agency law.

 

Third. Forming technical committees from the relevant ministries (Ministry of Planning, Ministry of Construction, Housing, Municipalities and Public Works) to conduct field visits to projects implemented during the years (2021-2022), for the purpose of evaluating the efficiency and quality of the work in accordance with the specified specifications.

 

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Parliament Finance revolts against Sudanese decision: Erbil has not fulfilled its financial obligations

Yesterday, 17:24

 

Al-Ghad Press/Baghdad

Today, Monday, the Parliamentary Finance Committee expressed its dismay at the Council of Ministers’ decision to lend the Kurdistan Region 2.1 trillion dinars for a period of three months. 

 

Committee member Moin Al-Kazemi said in a television interview followed by Al-Ghad Press, “The Iraqi Kurdistan region, over the past twenty years, has not fulfilled its promises by signing contracts with international companies to extract oil at large costs that may reach thirty percent of the value of a barrel of oil, in addition to signing contracts to sell oil for fifty years without the approval of the federal government, describing what happened as a state of lack of transparency and credibility from the region throughout the previous period.”

 

Al-Kadhimi pointed out, “This crisis must be addressed, especially since it has a humanitarian aspect for the salaries of six hundred and seventy thousand retired employees, and social care in Kurdistan for the months of July, August, and September is not provided, and there are exceptional circumstances,” explaining that “the Council of Ministers issued a decision to grant these loans for three periods.” Seven hundred billion from Iraqi banks, to be deducted from the region’s share of 12.67% when the budget is launched for the investment aspects, which will be in an amount that qualifies them from these loans.

 

Yesterday, Sunday, the Council of Ministers decided to send an amount of 700 billion dinars per month in the form of a loan for a period of 3 months to the Kurdistan region.