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Parliamentary Finance

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Parliamentary Finance Empty Parliamentary Finance

Post by claud39 on Mon Aug 26, 2019 2:35 pm

Parliamentary Finance





19/8/2019




Parliamentary Finance 462273Image1



Rudaw - Erbil  

announced the parliamentary Finance Committee in the Iraqi parliament, on the trend to re-work in the currency and delete zeros from banknotes, in order to strengthen the economy. 

"During meetings and discussions with Central Bank officials, we stressed the need to re-operate the coins that were used in Iraq during the past decades, rather than paper that is damaged and printed in large quantities again," committee member Hanin al-Qadu told the official Al-Sabah newspaper. 

He continued that "the use of metal categories and their descent for circulation gives a notional value of the currency," saying that "a number of neighboring countries - exchange rates are very high against the dollar - and yet we find that it has a coin in order to preserve the currency and not need to ask for more banknotes, especially With small categories. "

He pointed to the surprise of the policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market. 

Ahmed al-Saffar, a member of the committee, said, "The cost of a coin is more than paper money, and it is more difficult to carry it on the citizen." 

He pointed out that "inflation in the economy prevents the minting of coins and make them circulate among citizens," suggesting that "there is a step to delete the zeros preceding the coinage process to be a value for small groups to large." 

The Committee on Economy and Investment in the Iraqi Council of Representatives, revealed in 2014 that the Central Bank completed its preparations for the issuance of coins of seven small categories gradually in a project that takes between four to five years to complete.

The Iraqi currency was abolished in 1991 when the international economic embargo on the country increased the rate of inflation in Iraq by 1000%, and the situation under the economic siege resulted in a large and continuous rise in prices, which destroyed the value of the Iraqi currency and reaching a very low exchange rate, which made Coin and few currency denominations without value. 

It is noteworthy that the Iraqi dinar, which was equal to 3.22 dollars before Iraqs invasion of Kuwait in 1990, its value fell so that the dollar became equivalent to three thousand dinars by 1996, and the value of the exchange rate of the Iraqi currency significantly after 2003, but returned to stability at about 1200 dinars Per dollar.





https://www.rudaw.net/arabic/business/19082019
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Parliamentary Finance Empty Economist: The central bank follows a fiscal policy to keep the dinar exchange rate against the dollar steady

Post by claud39 on Mon Aug 26, 2019 2:37 pm

[size=30]Economist: The central bank follows a fiscal policy to keep the dinar exchange rate against the dollar steady[/size]


24/08/2019 





Parliamentary Finance Thumbnail.php?file=FE45848E_9290_4EC5_9961_4179098CB6A3_w1023_r1_s_893505691













Ahd News - Baghdad


Economic expert Latif al-Okaili, on Saturday, that the government's approach to reprinting the currency will reduce the burden of damage to banknotes in the markets.

"The use of metal categories and their descent for circulation gives a notional value to the currency as it aims to preserve the currency and not need to request more banknotes, especially those with small categories," he said. This is a negative indicator of the country's economy. ”

He added that "the government's approach to reprinting the coin will reduce the burden of damage to banknotes in the market and reprinting again."


With regard to the possibility of raising the price of the dinar against the dollar, Al-Okaili said, "The central bank follows a fiscal policy to keep the exchange rate of the dinar against the dollar fixed without change to not enter inflation."


The parliamentary Finance Committee, on Monday, announced a trend to re-work in the currency and the removal of zeros from banknotes, in order to strengthen the economy.Finished 8







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Parliamentary Finance Empty Public holidays and celebrations in Iraq

Post by claud39 on Mon Aug 26, 2019 2:50 pm

Public holidays and celebrations in Iraq





Year 2019









[th]Dated[/th][th]Day of the week[/th][th]Public holiday name[/th][th]Type of public holiday[/th]
January 1TuesdayNew Year's DayNational Day
January 6SundayArmy DayNational Day
March 20WednesdayMarch equinoxseason
March 21ThursdayNowruzConsider
May 1WednesdayLabor Day Labor DayOfficial holiday
June 5WednesdayEid al-Fitr (the end of Ramadan)National Day
June 6ThursdayEid al-FitrNational Day
June 7FridayEid al-FitrNational Day
June 21FridayJune blowseason
July 14SundayRepublic DayOfficial holiday
August 12MondayEid al-Adha (Eid al-Adha)National Day
August 13TuesdayEid al-Adha holidayNational Day
August 14WednesdayEid al-Adha holidayNational Day
August 15ThursdayEid al-Adha holidayNational Day

September 1

Sunday

Islamic New Year

National Day

September 10TuesdayAshuraOfficial holiday
September 23MondaySeptember equinoxseason
October 3ThursdayIraqi Independence DayNational Day
November 10SundayProphet's birthdayOfficial holiday
Dec 22SundayDecember coupseason
December 25WednesdayChristmas DayNational Day
December 31TuesdayNew Year's EveConsider









https://www.citipedia.info/ar/holidays/iraq











United Nations Treasury - The United Nations Operational Rates of Exchange


Disclaimer


The Operational Rates of Exchange listed herein are intended only for the internal record-keeping of the United Nations. No warranty of accuracy can be given and the United Nations shall not assume any responsibility in connection with the present publication of these rates. 



The operational rates of the United Nations are published for internal operations of the U.N. and their agencies. They are not to be used as a database for market rates by outside parties. Please do not quote the operational rates for database for market rates or any indication of market.



If you had downloaded the file on 30 July for the operational rates of 1 Aug 2019, please check the rate of Venezuela. The rate of VES should have 10731.11 for 1 August 2019.

Please note that there are changes in the operational rates of several currencies as of 15 Aug 2019. Please note the addition of the rate of Zimbabwe RTGS dollar, 9.6 for mid-August revision separately to the batch. 
Please check ZWL rate if your file is reflecting the correct rate.


Schedule of UN Operational Rates of Exchange for 2019


The Operational Rates of Exchange were last updated for the effective date in accordance with the schedule below and thereafter until further notice.
Parliamentary Finance Bg-li
[th]Publishing Date[/th][th][/th][th]Effective Date[/th]
13 Aug 2019if applicable15 Aug 2019

29 Aug 2019

01 Sep 2019

11 Sep 2019if applicable13 Sep 2019
27 Sep 201901 Oct 2019
Oct 11, 2019if applicableOct 15, 2019
Oct 30, 201901 Nov 2019
13 Nov 2019if applicable15 Nov 2019
27 Nov 201901 Dec 2019
11 Dec 2019if applicable13 Dec 2019
27 Dec 201931 Dec 2019



https://treasury.un.org/operationalrates/default.php
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Parliamentary Finance Empty Economist: Reprinting the coin will reduce the burden of paper damage

Post by claud39 on Mon Aug 26, 2019 2:53 pm

Economist: Reprinting the coin will reduce the burden of paper damage


 24/08/2019





Parliamentary Finance Cropped_1458638_2-500x408












Information / Special…



Economic expert Latif al-Okaili said on Saturday that the government's approach to reprinting the coin would ease the burden of damage to banknotes in the markets.
Al-Okaili said in a statement to Al-Maalouma that the use of the metal categories and their descent for trading gives a notional value to the currency as it aims to preserve the currency and not need to request more banknotes, especially those with small categories. "This is a negative indicator of the country's economy."
He added that "the government's approach to reprinting the coin will reduce the burden of damage to banknotes in the market and reprinting again."
With regard to the possibility of raising the price of the dinar against the dollar, Okaili said, "The central bank is tired of a fiscal policy to keep the exchange rate of the dinar against the dollar unchanged for not entering inflation."
The parliamentary Finance Committee, on Monday, announced a trend to re-work in the currency and the removal of zeros from banknotes, in order to strengthen the economy. Finished 25 T.



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Parliamentary Finance Empty Specialized: minted coins serve internal business transactions

Post by claud39 on Mon Aug 26, 2019 9:45 pm

[size=36][rtl]Specialized: minted coins serve internal business transactions[/rtl][/size]




Monday, August 26, 2019







Parliamentary Finance Alsabaah-18057






 Emad Emirate Baghdad / Mustafa Al - Hashimi 
 
There have been recent parliamentary voices calling for the reintroduction of coins (coinage) and reintroduction into circulation, as well as reconsideration of the project to delete the three zeros from the Iraqi currency, at a time when economists regarded it as part of the great economic reform process in the country.
 

 

Strategic Plan



Economist Dr. Essam Mohamed Hassan said that "the Central Bank decided earlier to develop a plan to create coins as part of a restructuring plan that requires the approval of the House of Representatives as a strategic plan will contribute to support the value of the Iraqi dinar in trading 



"The change of currency means that a new currency replaces an old currency, with a specified replacement rate, and removes the zeros of the old currency or moves the decimal places to the left," he said. Financial support for the national economy. "



Hassan said that "the coin project, launched in 2004 did not succeed because of the absence of comprehensive economic reforms to support the financial value of the dinar in the global market," explaining that the coins will be one of the important intermediate currencies that will be used for trading and transactions. 


"Deleting zeros and reintroducing coins has to do with economic reforms because coins, because of their durability, are longer than coins that are quickly damaged," he said. In 2004, "indicating that this requires the dissemination of a culture to educate the public about the economic feasibility of the minted currency." 
 

Delete the zeros



Dr. Abdul Hussein Al-Ghalbi, an economist at the Faculty of Business and Economics, University of Kufa, said: "The process of changing the currency is not limited to deleting zeros, but it can be done by adding a number of zeros or moving the decimal places to the right, as happened in South Africa in 1961, but the situation Prevailing over the past 50 years in most countries is the elimination of zeros because of the hyperinflation witnessed by many countries, which obliges to add zeros to their currencies in those circumstances, and then get rid of zeros at the end 



Al-Ghalbi stressed that "changing the currency does not affect productivity, as well as that this change does not affect the purchasing power of money, because the power comes from the increased demand for money against the money supply, and as long as the purchasing power does not change, the demand for currency and money supply They do not change, because deleting zeros does not entitle monetary institutions and the central bank to print more money and pump it into 
Economy".



Al-Ghalbi added that "the central bank is constrained by the existing cash in the process of replacement, but foreign trade will not be affected as the price of exports will remain the same unchanged, as well as import payments are not affected because foreign exchange is in foreign currency versus domestic, which remains unchanged because The purchasing power of a currency 
do not change".
 

Multiple benefits



"Changing currency and deleting zeros brings multiple benefits," said Al-Ghalbi. 
Public".



 He pointed out that "after the change of currency will occur a serious reduction in the volume of transactions with less amount of money, which facilitates all parties to deal with, especially
 Accountants. "
 

Monetary deception



Al-Ghalbi said that "currency change reduces the phenomenon of monetary deception experienced by people with a large number of zeros that are pushing towards generating inflationary pressures. Of inflation 
Untamed. "



He added that "currency change leads to greater confidence in local currency and credibility, and when there are a large number of zeros in the local currency people lose their confidence, especially those with transactions in wholesale markets and importers, as they will replace the local currency with stable international currencies such as the dollar or the euro, which deepens The phenomenon of dollarization in the domestic economy, which weakens monetary authority and reduces the effectiveness of policy 
Cash.






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Parliamentary Finance Empty Parliamentary Finance: allocate $ 20 billion budget 2020 to pay off external debt

Post by claud39 on Tue Aug 27, 2019 12:38 pm



[rtl]Parliamentary Finance: allocate $ 20 billion budget 2020 to pay off external debt[/rtl]


2019/08/27



Parliamentary Finance B0187a343-213307









[rtl]Baghdad / Al-Ghad Press:[/rtl]


[rtl]Revealed a member of the Finance Committee, Jamal Cougar, on Tuesday, the allocation of 20 billion dollars to pay dues and interest on external debt of the Iraqi state.[/rtl]





[rtl]He said in a press statement, followed by "tomorrow," that "the federal budget for 2020 will be allocated between $ 15 to $ 20 billion to pay the dues and benefits of external debt of the Iraqi state," stressing that his committee "will put a paragraph in the new budget to prevent Government from external borrowing. "[/rtl]


[rtl]He added that "these repugnant debts can not the Iraqi state if the policy continues to get rid of the interest of these loans," pointing out that "external debt has become a burden on Iraq without solutions to the problem."[/rtl]


[rtl]He ruled out a member of the Finance Committee "the arrival of the draft federal budget law for the next year to the House of Representatives in September, expected to arrive in mid-October next."[/rtl]


[rtl]He pointed out that "the Department of the budget is working to reduce the budget deficit expected 72 trillion dinars," noting that "the default deficit will be less than this figure."[/rtl]


[rtl]"The size of the federal budget for 2020 is estimated at 139 trillion dinars in calculating the price of a barrel of oil sale $ 53," said Kojer, a deputy for the Dohuk province, pointing out that "these figures are preliminary and will be subject to reduction or increase depending on variables."[/rtl]


[rtl]The member of the Parliamentary Finance Committee, Hanin al-Qadu, revealed on Wednesday (July 31, 2019), the size of Iraq's foreign debt since the war on ISIS and until now, indicating that it exceeded $ 100 billion.[/rtl]


[rtl]Al-Qadu said in an interview (Baghdad Today) that "the security conditions witnessed in the country in mid-2014, through the invasion of ISIS to some Iraqi provinces, as well as the significant decline in oil prices in the global market, caused the country to enter an economic crisis, led to Austerity policy and an external borrowing system. "[/rtl]


[rtl]He added that "the debt of Iraq as a result exceeded $ 100 billion, which calls for the revival of the private sector in order to promote the Iraqi economy and stop further borrowing[/rtl]

https://www.alghadpress.com/view.php?cat=213307
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Parliamentary Finance Empty Disclose the latest developments of the 2020 budget and the date of its arrival in the House of Representatives

Post by claud39 on Tue Aug 27, 2019 7:04 pm

Disclose the latest developments of the 2020 budget and the date of its arrival in the House of Representatives



2019/08/27


Parliamentary Finance 95461




Baghdad Today - Baghdad 

A member of the Parliamentary Finance Committee Ahmed Hamma Rashid, on Tuesday, the latest developments of the budget law 2020, between the date of the arrival of the draft law .to the House of Representatives 

Rashid said in an interview (Baghdad Today), "The draft budget law for 2020, is still at the disposal of the government, and is working on the preparation of the draft, which is not ".ready, until the moment


And that "the draft budget law 2020, will reach the Council of Ministers in mid-September, for the purpose of ratification by the Council of Ministers, and then forwarded to Parliament and ".reach it, in the month of October

 The member of the parliamentary Finance Committee that "after arriving in the House of Representatives, we will wait for the details of the draft, and will work to make some ".amendments, which is the prerogative of Parliament 

Revealed a member of the Finance Committee, Jamal Couger earlier, on Tuesday (August 27, .2019), the allocation of $ 20 billion to pay dues and interest external debt of the Iraqi state

 Cougar said in a press statement that "the federal budget for 2020 will allocate between $ 15 billion to $ 20 billion to pay the dues and benefits of external debt owed by the Iraqi state," stressing that his committee "will put a paragraph in the new budget, which prevents the ".government from borrowing abroad 

He added that "these repugnant debts can not the Iraqi state if the policy continues to get rid of the interest of these loans," pointing out that "external debt has become a burden on Iraq ".without solutions to the problem

 He ruled out a member of the Finance Committee "the arrival of the draft federal budget law for the next year to the House of Representatives in September, expected to arrive in mid- ".October next 

He pointed out that "the Department of the budget is working to reduce the budget deficit ".expected 72 trillion dinars," noting that "the default deficit will be less than this figure 

The size of the federal budget for 2020 is estimated at 139 trillion dinars in calculating the" price of a barrel of oil sale $ 53," said Kojer, a deputy for the Dohuk province, pointing out that "these figures are preliminary and will be subject to reduction or increase depending on ".variables 

The member of the Parliamentary Finance Committee, Hanin al-Qadu, revealed on Wednesday (July 31, 2019), the size of Iraq's external debt since the war on ISIS until now, .indicating that it exceeded $ 100 billion 

Al-Qadu said in an interview (Baghdad Today) that "the security conditions witnessed in the country in mid-2014, through the invasion of ISIS to some Iraqi provinces, as well as the significant decline in oil prices in the global market, caused the country to enter an economic " .crisis, led to Austerity policy and an external borrowing system

 He added that "the debts of Iraq after that exceeded 100 billion dollars, which calls for the revival of the private sector in order to promote the Iraqi economy and stop further ".borrowing




https://baghdadtoday.news/ar/news/94325/%D8%A7%D9%84%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D8%A2%D8%AE%D8%B1-%D8%AA%D8%B7%D9%88%D8%B1%D8%A7%D8%AA-%D9%85%D9%88%D8%A7%D8%B2
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Parliamentary Finance Empty Parliamentary Finance: Ministries' agreements with international organizations without parliamentary approval are illegal

Post by claud39 on Wed Aug 28, 2019 12:53 pm

[size=36]Parliamentary Finance: Ministries' agreements with international organizations without parliamentary approval are illegal[/size]






28/08/2019








Parliamentary Finance 142882019_120192103837776318129





BAGHDAD - Mawazine News 

Member of the Finance Committee, Haneen Qaddo, Wednesday, that any agreements held by ministries with international organizations and external bodies without the approval of the House of Representatives "illegal" and will be discussed within the dome of parliament.

 
"Agreements of the Ministry of Finance or other ministries cannot be legal unless they are approved by the House of Representatives," Kaddo said. 


He added, "If the project arrived in parliament will be discussed in conjunction with the reformulation of the general budget of the country for 2020, and will be rejected any agreement between any ministry with international organizations and external bodies." 


Regarding the publication of a 100% tax on cigarettes, Kaddou said,
According to media reports, the World Health Organization is working with the Iraqi Ministry of Finance to amend the tax on cigarettes, as the organization seeks to raise by 100 per cent, which doubles the prices of tobacco products. 


It is noteworthy that Iraq imports several types of cigarettes, from different countries, after it was producing cigarettes and perhaps the most famous "Sumer", and the latter is still available but manufactured in the United Arab Emirates.






https://www.mawazin.net/Details.aspx?jimare=62356
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Parliamentary Finance Empty Parliamentary economy opens "dysfunctional files" and opens the prime minister with "the most important laws

Post by claud39 on Mon Sep 16, 2019 4:54 pm

[size=55][size=35]Parliamentary economy opens "dysfunctional files" and opens the prime minister with "the most important laws[/size][/size]




  • [ltr]16 Sep. 2019[/ltr]





[size=35]Parliamentary Finance 41802
[/size]



BAGHDAD: The decisions of the Council of Ministers are supportive of investment and attracting capital, the head of the parliamentary economy and investment committee said on Monday.




 Kanani said in a press statement, "The Prime Minister's decision to support investment and investors is to stimulate to attract foreign capital and provide an appropriate environment for them and the application of the law," noting that "the Economic Commission sent several books to the Prime Minister to implement the provisions of the Investment Law and its application properly." 




He added that "the decisions of the Council of Ministers in the field of investment was feasible and beneficial to investors and provided an appropriate environment to facilitate foreign investment in Iraq, adding that" the committee will work to legislate laws supporting investment and the economy, including the law of reconstruction and investment, which works without law during the past period.





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Parliamentary Finance Empty Minister of Planning Receives Parliamentary Economy and Investment Committee

Post by claud39 on Fri Sep 20, 2019 7:12 am

Minister of Planning Receives Parliamentary Economy and Investment Committee




2019-09-18 





Parliamentary Finance 1568837473d50f6d20e83cc7ce8effca545232ee72--%D9%84%D8%AC%D9%86%D8%A9_%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1_%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9



The Minister of Planning, Dr. Nuri Sabah Al-Dulaimi, on Wednesday, received members of the Parliamentary Committee on Economy and Investment, in the presence of advanced staff in the Ministry of Planning, and during the meeting discussed the legislative impact in achieving the goals of Iraq's vision for sustainable development 2030.

During the meeting, Dr. Nouri Al-Dulaimi highlighted the ministry's endeavors achieved during the past period and highlighted the challenges ahead, and the importance of unifying all efforts in the outcome of one work in order to provide services that the citizen can see in their daily lives according to his priorities, invest national budgets and international support towards providing sustainable service projects, and provide more He pointed out the importance of enhancing the investment environment and supporting and empowering the private sector.


He pointed out that the ministry provides a consensual work vision to address all the stalled and delayed projects and pay the dues of contractors and ensure their rights, in joint coordination with the relevant authorities in the public and private sectors, stressing the ministry's endeavor through the data to be provided by the General Population and Housing Census 2020 to enhance the development and service reality in all governorates .


For their part, MPs praised the vision of the Ministry of Planning and its endeavors to achieve the objectives of sustainable development in accordance with the global vision, while Mr. Ahmed Kanani, Chairman of the Committee on Economy and Investment Parliamentarians and members of the Committee not to spare any effort that would support the ministry in the implementation of its vision.


Parliamentary Finance 1568837473d50f6d20e83cc7ce8effca545232ee72--%D9%84%D8%AC%D9%86%D8%A9_%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1_%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9



https://mop.gov.iq/activities_minister/view/details?id=890
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Parliamentary Finance Empty Chairman and members of the Economy and Investment Committee visit the Ministry of Planning

Post by claud39 on Fri Sep 20, 2019 9:38 am

[size=32]Chairman and members of the Economy and Investment Committee visit the Ministry of Planning[/size]


 19/09/2019


Parliamentary Finance WhatsApp-Image-2019-09-19-at-5.14.36-PM-800x445

Chairman of the Committee on Economy and Investment MP Ahmed Salim Al-Kinani, accompanied by members of the Committee on Wednesday 18/9/2019 visited the Ministry of Planning and met with the Minister and the owners of the ministry.

During the visit, an extensive meeting was held to discuss important issues including the Public-Private Partnership Law, the Census Law and the Statistics Law.

During the meeting, MPs presented their views and observations regarding many of the problems afflicting the governorates, which directly affect the citizens' lives. Between the House of Representatives and the Ministry to discuss and evaluate the draft laws of partnership between the public and private sectors and the census.



Media Department of the
House of Representatives
19/9/2019





Parliamentary Finance WhatsApp-Image-2019-09-19-at-5.14.34-PM

Parliamentary Finance WhatsApp-Image-2019-09-19-at-5.14.36-PM

Parliamentary Finance WhatsApp-Image-2019-09-19-at-5.14.37-PM



http://ar.parliament.iq/2019/09/19/%d8%b1%d8%a6%d9%8a%d8%b3-%d9%88%d8%a7%d8%b9%d8%b6%d8%a7%d8%a1-%d9%84%d8%ac%d9%86%d8%a9-%d8%a7%d9%84%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af-%d9%88%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1/
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Parliamentary Finance Empty The Finance Committee hosts the President of the Audit Bureau and the Association of Accountants and Auditors

Post by claud39 on Sat Sep 21, 2019 9:01 am

[size=32]The Finance Committee hosts the President of the Audit Bureau and the Association of Accountants and Auditors[/size]




 21/09/2019

Parliamentary Finance 16053072-0b45-48c0-89c1-b5bb4462f9cd-800x445

Hosted by the Finance Committee headed by MP d. Haitham Al-Jubouri and the presence of its members on Saturday 21/9/2019 Head of the Financial Control Bureau and the Association of Accountants and Auditors.



And discussed the hosting, which took place at the headquarters of the Finance Committee proposal to amend the law of the Association of Accountants and Auditors after the Committee heard the opinion of the President of the Office of Financial Supervision and the Association of Accountants and Auditors on the subject as well as the mechanism of work of international audit companies in Iraq.



The Finance Committee confirmed its support for the adoption of the adoption of Iraqi audit companies as well as any measure that would save public money from waste and combat all aspects of corruption and provide jobs for the unemployed.



Parliament
Information Service
[rtl]21/09/2019[/rtl]






[rtl]http://ar.parliament.iq/2019/09/21/%d8%a7%d9%84%d9%84%d8%ac%d9%86%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b3%d8%aa%d8%b6%d9%8a%d9%81-%d8%b1%d8%a6%d9%8a%d8%b3-%d8%af%d9%8a%d9%88%d8%a7%d9%86-%d8%a7%d9%84%d8%b1%d9%82/
[/rtl]
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Parliamentary Finance Empty The Economic Committee discusses the law of public-private partnership

Post by claud39 on Sun Sep 22, 2019 9:17 am

[size=32]The Economic Committee discusses the law of public-private partnership[/size]




22/9/2019





Parliamentary Finance 079A3700-800x445








The Parliamentary Economy and Investment Committee held a meeting chaired by MP Ahmed Salim Al-Kinani and the presence of its members on Sunday 22/9/2019, and the participation of member of the Finance Committee MP Abdul-Saheb Darraji and member of the Services Committee MP Alaa Al-Rubaie, to discuss a number of important topics on his agenda.

The meeting discussed the law of partnership between the public and private sectors.

The committee also discussed the process of revising the procedures of the legislation of the mineral investment law.

 

Information Service

Parliament

22/9/2019

http://ar.parliament.iq/2019/09/22/%d9%84%d8%ac%d9%86%d8%a9-%d8%a7%d9%84%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af-%d8%aa%d9%86%d8%a7%d9%82%d8%b4-%d9%82%d8%a7%d9%86%d9%88%d9%86-%d8%a7%d9%84%d8%b4%d8%b1%d8%a7%d9%83%d8%a9-%d8%a8%d9%8a%d9%86/
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Parliamentary Finance Empty The Economy and Investment Committee discusses the Mineral Investment Law

Post by claud39 on Wed Sep 25, 2019 1:51 pm

[size=32]The Economy and Investment Committee discusses the Mineral Investment Law[/size]

 25/09/2019


Parliamentary Finance WhatsApp-Image-2019-09-25-at-1.18.56-PM-800x445


On Wednesday 25/9/2019, the Committee on Economy and Investment, chaired by MP Ahmed Salim Al-Kinani, attended the meeting and its members at the headquarters of the Iraqi National Business Council to discuss a mineral investment law in the presence of representatives of the Ministry of Mineral Industry, the Geological Survey, the Ministry of Water Resources and representatives of the private sector.

The symposium discussed the paragraphs of the Mineral Investment Law to increase the attractiveness of national and foreign companies sober for this vital sector, as well as the views and suggestions of the audience to prepare a final version of the draft law and submit it to the Presidency of the House of Representatives for a vote.

The Chamber of Deputies
Information


Department 25/9/2019





http://ar.parliament.iq/2019/09/25/%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D9%88%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%AA%D9%86%D8%A7%D9%82%D8%B4-%D9%82%D8%A7%D9%86%D9%88%D9%86-4/
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Parliamentary Finance Empty The Finance Committee receives a delegation from the Kurdistan Parliament

Post by claud39 on Thu Sep 26, 2019 1:47 pm

[size=32]The Finance Committee receives a delegation from the Kurdistan Parliament[/size]




 26/09/2019

Parliamentary Finance 86e4d4e3-266c-436d-85b4-4cd620cb3049-800x445

Received the Finance Committee headed by MP d. Haitham al-Jubouri and the presence of its members on Thursday, 26/9/2019 delegation of the Parliament of the Kurdistan Region.

At the outset of the meeting held at the headquarters of the Finance Committee, Mr. Chairman and members of the Committee welcomed the delegation, which holds an invitation addressed to the Committee for the purpose of visiting the provinces of the region like the rest of the Iraqi provinces.

The two sides discussed a number of important points, especially with regard to the need to deliver oil to the marketing company "SOMO" as well as other non-oil revenues, and the need to subject all border outlets to the sovereignty of the federal government in addition to subjecting the accounts of the region under the supervision of the Federal Financial Supervision Bureau.

The Finance Committee also stressed the need to urge the federal and provincial governments and bring their views closer to resolve all outstanding issues, including the issue of telecommunications companies and the speedy adoption of the oil and gas law because of its importance to the benefit of all the Iraqi people.

The Finance Committee clarified that it sets the principle of equality and justice as a basis and priority in the distribution of rights and duties between the people of the same country and the constant pursuit of the adoption of laws to preserve public money.

Parliament
Information Service
26/09/2019




http://ar.parliament.iq/2019/09/26/%d8%a7%d9%84%d9%84%d8%ac%d9%86%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b3%d8%aa%d9%82%d8%a8%d9%84-%d9%88%d9%81%d8%af%d8%a7-%d9%85%d9%86-%d8%a8%d8%b1%d9%84%d9%85%d8%a7%d9%86-%d8%a7/
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Parliamentary Finance Empty Parliamentary Economy: Kurdistan procrastinates in order to end the year without paying any dues

Post by claud39 on Sat Sep 28, 2019 8:59 am

Parliamentary Economy: Kurdistan procrastinates in order to end the year without paying any dues


28/09/2019





Parliamentary Finance %D8%A7%D9%84%D9%86%D9%81%D8%B71-696x435








Information / Baghdad ..
The Committee on Economy and Investment, on Saturday, accused the Kurdistan Regional Government to work on procrastination and invest time to end the year without paying the region's oil to Baghdad.
Committee member Nada Shaker Jdot said in a statement to the information, that "the Kurdistan Regional Government is working to gain time and procrastination on a daily basis to invest the time element and complete the current budget without paying one barrel of oil to Baghdad, while receiving all financial dues from the federal government."
Shakir added, "The formation of committees and exchange of visits between the two sides and wait until the completion of the sub-committees and other data is only a game to gain time factor as all parties know that there is a binding agreement for Baghdad and Erbil to deliver 250 thousand of oil to Sumo in return for Baghdad hand over the salaries of employees in Kurdistan."
She explained that "the continuation of those obstacles and the weakness of the government of Adel Abdul-Mahdi will make the budget next year similar to what happened this year from the region's gain more than its share, while Basra and the southern provinces suffer from unemployment and not launch service projects." Ended / 25 KD



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Parliamentary Finance Empty Member of Parliamentary Finance: Most members of the committee will refuse to allocate a percentage to the region in the budget

Post by claud39 on Sat Sep 28, 2019 12:34 pm

[size=35]Member of Parliamentary Finance: Most members of the committee will refuse to allocate a percentage to the region in the budget[/size]


2019-09-28 



[size=35]Parliamentary Finance Doc-P-320049-637052645680640647
[/size]


A member of the parliamentary Finance Committee Hanin al-Qadu, Saturday, that the majority of members of the Committee will refuse to allocate any proportion of the Kurdistan region in the next budget because of "non-fulfillment" of the Kurdistan Regional Government's obligations in previous budgets.


Al-Qadu said in an interview with Alsumaria News, that "the draft federal budget law for next year did not reach the parliament until the moment, and the government still has to complete it," noting that "there is an opinion within the majority of members of the Committee not to renew the share of the Kurdistan region in the budget."






He added, "The region did not pay any dues from the export of oil, which is set at 250 thousand barrels per day to the federal government," adding that "the government of the region is still refusing to implement the budget has not received any amounts of border outlets or customs, estimated at five billion dollars a year in addition to The amount of oil exports estimated at 600 thousand barrels per day. "

He stressed that "as a result of the failure of the territorial government to meet these obligations, the majority of members of the Finance Committee will refuse to allocate any amount of money to the Kurdistan region in the next budget."


https://www.alsumaria.tv/news/%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9/320049/%D8%B9%D8%B6%D9%88-%D8%A8%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%A3%D8%BA%D9%84%D8%A8-%D8%A3%D8%B9%D8%B6%D8%A7%D8%A1-%D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%B3%D9%8A%D8%B1%D9%81%D8%B6%D9%88%D9%86-%D8%AA%D8%AE
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Parliamentary Finance Empty Re: Parliamentary Finance

Post by claud39 on Sun Sep 29, 2019 10:06 am

[size=32]The Chairman of the Finance Committee receives a delegation from UNDB[/size]




 29/09/2019

Parliamentary Finance E5b48009-25c8-49a7-ad92-23b13a3b7a57-800x445

The Chairman of the Finance Committee MP Dr. Haitham al-Jubouri on Sunday 29/9/2019 a delegation from the United Nations Development Program in Iraq (UNDB) for the purpose of discussing the preparation of the budget for 2020.


At the outset of the meeting held at the headquarters of the Finance Committee welcomed d. Jubouri, the delegation of the Organization and listened to their views and views on the budget preparation plan and the support that can be provided to the Finance Committee in this regard.


The Chairman of the Finance Committee that the Committee is involved with the relevant authorities in the first steps to prepare the budget through a subcommittee charged with this and then continue to work tirelessly when the budget reaches the House of Representatives, where many meetings are held with ministries and institutions to discuss their plans and projects and identify important priorities for each.


He added d. Al-Jubouri said that the education and health sectors have the utmost importance in the budget as well as the governorates, which are constantly seeking to obtain their entitlements to implement their reluctant projects and to initiate new productive service projects such as hospitals and schools, in addition to allocating sufficient amounts to the liberated cities and upgrading their infrastructure.


The Chairman of the Committee that the Finance Committee is pursuing a new strategy, depending on that each Iraqi dinar should reflect to the production and economic feasibility of the benefit of the people of the country and not for the purpose of consumption only, as well as to make transfers for the purpose of establishing major projects such as the completion of the construction of the large port of Faw.


Parliament
Information Service
29/9/2019




http://ar.parliament.iq/2019/09/29/%d8%b1%d8%a6%d9%8a%d8%b3-%d8%a7%d9%84%d9%84%d8%ac%d9%86%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d9%8a%d8%b3%d8%aa%d9%82%d8%a8%d9%84-%d9%88%d9%81%d8%af%d8%a7-%d9%85%d9%86-%d9%85%d9%86%d8%b8/
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Parliamentary Finance Empty Parliament debates the 2020 budget

Post by claud39 on Mon Sep 30, 2019 9:03 am

[size=36][rtl]Parliament debates the 2020 budget[/rtl][/size]


Monday 30 September 2019





Parliamentary Finance Alsabaah-19814






Baghdad / morning



The Parliamentary Finance Committee discussed with a delegation from the United Nations Development Program in Iraq (UNDB) the preparation of the budget for 2020.



According to a statement issued by the Commission, received "morning", a copy of it, "Chairman of the Commission Haitham al-Jubouri received a delegation from the United Nations Development Program in Iraq (UNDB) for the purpose of discussing the preparation of the budget for 2020."



At the outset of the meeting held at the headquarters of the Finance Committee, Jubouri welcomed the delegation of the Organization and listened to his views and views on the budget preparation plan and the possible support to the Finance Committee in this regard. 



Subsequently, when the budget reaches the House of Representatives, many meetings are held with the ministries and institutions to discuss their plans and projects and determine the important priorities for each of them. The governorates are constantly seeking to obtain their entitlements to implement their reluctant projects and to initiate new productive service projects such as hospitals and schools, in addition to allocating sufficient amounts to the liberated cities and upgrading their infrastructure. ”






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Parliamentary Finance Empty Mid of this month .. Budget 2020 on the table of parliament

Post by claud39 on Tue Oct 01, 2019 6:49 pm

[size=36][rtl]Mid of this month .. Budget 2020 on the table of parliament[/rtl][/size]




Tuesday 01 October 2019





Parliamentary Finance Alsabaah-19964








Baghdad / morning
 
 

A copy of it, the need for continuous coordination and cooperation between the relevant bodies of the public budget, represented by the parliamentary financial committee and the government committee and the Ministry of Finance and to be informed of the details of the budget since the beginning of preparation during the first quarter of each year to reach ratification by the government and sent 



The most important recommendations were prepared by the UN expert Sharaf al-Din after a study that lasted for several months inside Iraq and many meetings and meetings with the relevant authorities, which will be transferred to the government for the purpose of studying and ratifying them. 



Many of the items that will strengthen the principle of financial discipline and determine the ceilings of total spending and expenses and focus on the investment budget and projects achieved for sustainable development and priority projects to provide direct service to the Iraqi citizen. 



For her part, said a member of the Parliamentary Finance Committee, Siham Shannon in a press statement that "the Prime Minister will send the draft federal budget for 2020 to the House of Representatives on October 15 this month," pointing out that "the House of Representatives will discuss the budget through its next sessions to see the size of the deficit She added that "non-oil revenues may reach $ 10 billion within the 2020 budget," noting that "the House of Representatives is going to go to new doors to finance the budget and reduce dependence on oil." 



The Committee on Labor and Social Affairs, had revealed last Sunday the existence of 90 Million barrels of oil owed by the KRG did not pay for The Federal Government, showed that while the House of Representatives would abstain from the region's budget be included in the draft federal budget for the year 2020 law.









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Parliamentary Finance Empty The Finance Committee hosts a number of governors to discuss the reality of services and meet the demands of demonstrators

Post by claud39 on Wed Oct 09, 2019 7:49 am

[size=32]The Finance Committee hosts a number of governors to discuss the reality of services and meet the demands of demonstrators[/size]




9/10/2019





Parliamentary Finance A24I1779000-800x445






Headed by Mr. Mohammed Halbousi, Speaker of the Council of Representatives and in the presence of the Vice-President of the Council d. Bashir Haddad and a number of heads of committees and parliamentary blocs on Monday 7/10/2019, hosting the Finance Committee of fifteen governors to discuss the advancement of the work in the provinces and meet the demands of the demonstrators.

At the outset of the meeting held at the headquarters of the Finance Committee, President al-Halbousi stressed the need to expedite the completion of pending projects in the governorates and to allocate land to build 100,000 housing units distributed to the governorates according to the population density and taking into account the poverty rates. 18 to 30 years old who do not have a job.

For his part, Deputy Chairman of the Council d. Bashir Haddad during his presidency as part of the meeting on the importance of the meeting in the exceptional circumstances experienced by Iraq and work hard to develop appropriate solutions to the problems and know the reasons for the reluctance of projects in the provinces.

In turn, the Chairman of the Finance Committee d. Haytham al - Jubouri, the Commission 's readiness to amend any law or include the budget law as the need of the provinces of financial allocations to complete projects lagging and resolving the unemployment crisis and modify the powers of the governors to serve the public interest and meet the demands of the demonstrators.

He stressed d. After hearing the problems facing the governors that the Finance Committee will work to solve the problem of overlapping powers with the relevant ministries, which led to the disruption of many projects and the implementation of the provisions of the budget law with the agreement to hold a meeting soon with the finance and planning And solve these forms.

 

 

Parliament

Information Service

9/10/2019




http://ar.parliament.iq/2019/10/09/%d8%a7%d9%84%d9%84%d8%ac%d9%86%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b3%d8%aa%d8%b6%d9%8a%d9%81-%d8%b9%d8%af%d8%af%d8%a7-%d9%85%d9%86-%d8%a7%d9%84%d9%85%d8%ad%d8%a7%d9%81%d8%b8/
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Parliamentary Finance Empty Parliamentary Finance: The government borrowed from Iraqi banks three trillion to build housing complexes

Post by claud39 on Mon Oct 21, 2019 1:58 pm

Parliamentary Finance: The government borrowed from Iraqi banks three trillion to build housing complexes


21/10/2019


Parliamentary Finance %D9%88%D8%AD%D8%AF%D8%A7%D8%AA-%D8%B3%D9%83%D9%86%D9%8A%D8%A9-696x435






Information / Special…

Parliamentary Finance Committee announced on Monday that the federal government to borrow four trillion from three government banks to build housing complexes and resolve the crisis slums across the country's provinces.

A member of the Committee, Siham Al-Aqili, told Al-Maalouma that the government borrowed four trillion from Al-Rasheed, Al-Rafidain and Commerce banks to build housing units in all governorates. ”.

She added that "these funds will be allocated for the construction of housing complexes throughout the country and not for a particular province," noting that "the reconstruction plan and construction will be implemented urgently and immediately to achieve the demands of the demonstrators."

The Committee on Economy and Investment parliamentary, confirmed last Saturday, the Government's intention to send a draft budget law 2020 on schedule, indicating that the budget will include the demands of the demonstrators. Finished 25 T.


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Parliamentary Finance Empty Parliamentary Finance: The amendment of the pension law will provide 210 thousand jobs

Post by claud39 on Wed Oct 30, 2019 7:41 am

[size=35]Parliamentary Finance: The amendment of the pension law will provide 210 thousand jobs[/size]


2019-10-30


[size=35]Parliamentary Finance Doc-P-323318-637080236811433710
[/size]


The Parliamentary Finance Committee on Wednesday hosted the head of the pension authority, Ahmed Al-Saadi, to discuss the amendment of the pension law, noting that the amendment will provide 210 thousand jobs.


A parliamentary source in an interview with Alsumaria News, "The Finance Committee hosts the President of the National Pension Agency to discuss the amendment of the pension law."

During the hosting, the Finance Committee confirmed that the new amendment reduces the retirement age to 60 years.






The committee pointed out, according to the parliamentary source, that "the amendment will provide 210 thousand jobs."

It is noteworthy that the House of Representatives ended, on Tuesday (October 29, 2019), reading the draft law to amend the unified retirement law.


https://www.alsumaria.tv/news/%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9/323318/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D8%AA%D9%82%D8%A7%D8%B9%D8%AF-%D8%B3%D9%8A%D9%88%D9%81%D8%B1-%D9%A2%D9%A1%D9%A0-%D8%A3%D9%84%D9%81
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Parliamentary Finance Empty Deputy Prime Minister and Minister of Finance chairs the meeting of the Ministerial Council for Economics

Post by claud39 on Sun Nov 10, 2019 6:14 am

Deputy Prime Minister and Minister of Finance chairs the meeting of the Ministerial Council for Economics




Sunday, November 10, 2019







Parliamentary Finance Mof66







 
Chaired by Deputy Prime Minister for Economic Affairs and Finance Minister Mr. Fouad Hussein, on November 6, 2019, the Ministerial Council of the economy in the presence of the ministers of Planning, Trade, Industry, Labor and Social Affairs and the Governor of the Bank of the Central and Chairman of the National Authority for Investment and Deputy Governor of the central bank agent and the Ministries of Finance and Planning and Director General of the Budget Department And the Prime Minister's Advisor for Economic Affairs.


During the meeting, the meeting focused on discussing the draft state budget law and how to deal with the developments related to the demands of the demonstrators in the general budget for the coming year through providing job opportunities and attention to the poor segments and social justice and the establishment of service projects that are in the interest of the citizen.


The Council also took several important economic decisions related to improving the working environment, investment and economy in Iraq, including the delay in importing date products to be available in the central markets and discuss a number of other economic topics on its agenda .






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Parliamentary Finance Empty Finance Ministry reveals new salary scale and "fair"

Post by claud39 on Fri Nov 22, 2019 8:49 am


[ltr]Finance Ministry reveals new salary scale and "fair"[/ltr]



2019/11/22


Parliamentary Finance Story_img_5dd7aefcdebbc



The head of the parliamentary Finance Committee Haitham al-Jubouri, on Friday, a new salary scale to be adopted during the coming period in cooperation between parliament and the government.


Al-Jubouri said in a press statement that "the Finance Committee held a meeting to examine the foundations and frameworks through which the government can commit to a fair salary scale," pointing out that "the development of a new salary scale is the authority of the government being responsible for fiscal policy, which sets salaries as available In the treasury, the work of the Finance Committee is to establish general frameworks such as setting the upper and lower wages, as well as in determining the provisions. "

He added: "There is a trend to determine the highest salary in the state, as well as that the nominal salary of the upper limit of four times the minimum salary, in order to reduce the differences."


"Allowances will be given to those who do not have provisions under the previous laws and according to financial abundance," he said





https://alforatnews.com/modules/news/article.php?storyid=219723
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Parliamentary Finance Empty The Finance Committee hosts the President of the Federal Service Council to discuss the Civil Service Law

Post by claud39 on Sun Nov 24, 2019 9:01 am

[size=32]The Finance Committee hosts the President of the Federal Service Council to discuss the Civil Service Law [/size]




 24/11/2019

Parliamentary Finance %D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%AE%D8%AF%D9%85%D8%A9-%D9%85%D8%AF%D9%86%D9%8A%D8%A9


The Finance Committee was chaired by MP Dr. Haitham Al-Jubouri and the presence of its members on Saturday 23/11/2019 a meeting in which she completed her discussions of the Civil Service Law and federal discipline in the presence of the President of the Civil Service Council Mahmoud Ahmed Tamimi.

During the meeting, the MPs' interventions focused on discussing the articles and provisions of the law that would regulate and guarantee all the rights of employees in the country, as well as loosening government institutions and preventing slack in some of them to ensure the smoothness of the job.

And between the Chairman of the Finance Committee d. Haitham al-Jubouri that this law makes the employee aware of its limits and responsibilities and rights and duties and facilitates the accountability of negligent them in addition to that the law will determine the next functional policy of the Iraqi state.

Parliament
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24/11/2019







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Parliamentary Finance Empty The Finance Committee discusses with the Director General of the Government Contracts Department the Public-Private Partnership Law

Post by claud39 on Sun Nov 24, 2019 9:03 am

[size=32]The Finance Committee discusses with the Director General of the Government Contracts Department the Public-Private Partnership Law[/size]




 24/11/2019

Parliamentary Finance %D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%85%D8%A7%D9%84%D9%8A%D8%A9-784x445



Hosted by the Finance Committee headed by MP d. Haitham Al-Jubouri and the presence of its members on Saturday 23/11/2019 Director General of Government Contracts Department and Head of Consulting Department at the Ministry of Planning to discuss the law of partnership between the public and private sectors.

The Finance Committee stressed during the hosting that took place at its headquarters on the importance of the adoption of such laws, which greatly help to improve the economic reality in Iraq and give a greater role for the private sector, which will undoubtedly provide thousands of jobs for young people for the unemployed, as well as to benefit from the successful experiences of countries that Such laws were applied.

And between the Chairman of the Finance Committee d. The committee will hold more meetings and workshops in cooperation with government institutions and businessmen for the purpose of maturing the law and achieving its basic purpose in implementing important development projects that fulfill the desire of the Iraqi people.

Parliament
Information Service
24/11/2019







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Parliamentary Finance Empty The Finance Committee continues to hold workshops to discuss the Public-Private Partnership Law

Post by claud39 on Sun Nov 24, 2019 9:04 am

[size=32]The Finance Committee continues to hold workshops to discuss the Public-Private Partnership Law[/size]







 24/11/2019

Parliamentary Finance %D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%88%D8%B1%D8%B4%D8%A9-%D8%B9%D9%85%D9%84-800x445

Under the auspices of the Finance Committee and in conjunction with the Committee on Economy and Investment and the presence of the heads and members of the two committees held a program to improve performance and good governance in Iraq (Takamul) on Sunday 24/11/2019 workshop to complete the discussions on the law of partnership between the public and private sectors.

The Chairman of the Finance Committee MP d. Haytham Al-Jubouri During the workshop held in Babylon Hotel, the Committee continues to take all views and views of specialists and participants in the workshops of this law as university professors and specialists in the economic field, businessmen, unions and various unions to enrich the law with new texts for the purpose of presenting it to the House of Representatives soon.

The Finance Committee stressed the need to keep abreast of development in the field of legislation and all economic, especially and to unleash creativity that would facilitate the work of private companies sober as well as the formation of an important practical partnership with the public sector contribute to the construction of vital projects that serve the public interest.

For her part, the Director General of the Government Contracts Department at the Ministry of Planning made observations on the law, confirming working hand in hand with the Finance, Economy and Investment Committees with a view to maturing it in its final form.

Parliament
Information Service
[rtl]24/11/2019[/rtl]






[rtl]http://ar.parliament.iq/2019/11/24/%d8%a7%d9%84%d9%84%d8%ac%d9%86%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b3%d8%aa%d9%85%d8%b1-%d8%a8%d8%b9%d9%82%d8%af-%d9%88%d8%b1%d8%b4-%d8%b9%d9%85%d9%84-%d9%84%d9%85%d9%86%d8%a7/
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Parliamentary Finance Empty Parliamentary Finance affirms its support to the private sector and the provision of all facilities to it

Post by claud39 on Sun Nov 24, 2019 1:37 pm


[rtl]Parliamentary Finance affirms its support to the private sector and the provision of all facilities to it[/rtl]



2019/11/24



Parliamentary Finance Story_img_5dda3a788e022

{Baghdad: Euphrates News} The parliamentary Finance Committee, its support for the private sector and provide all necessary facilities for it.

The committee said in a statement received (Euphrates News) a copy of it, that under its auspices "and in conjunction with the Committee on Economy and Investment and the presence of the heads and members of the two committees held on Saturday 23/11/2019 a workshop to discuss the law of partnership between the public and private sector."

She added that "at the outset of the workshop held in Babylon Hotel, Chairman of the Finance Committee Haitham al-Jubouri thanked the Iraqi Economic Council and the attendance of university professors, businessmen and workers in the private sector for their participation in this workshop, which discusses an important law at a time when the convictions generated by the executive and legislative authorities to promote the reality The private sector, which is now recognized for its involvement with the public sector to build the state, implement projects and create jobs for thousands of unemployed youth. "

The Finance Committee stressed that it "urges the pace to find quick solutions through laws and legislation that support the private sector and provide all facilities and eliminate routine and bureaucracy that impede many development projects and vital that meet the aspiration of the Iraqi citizen." is over





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Parliamentary Finance Empty Parliamentary Finance: The 2020 budget will be very different from previous years

Post by claud39 on Sun Nov 24, 2019 1:42 pm


[rtl]Parliamentary Finance: The 2020 budget will be very different from previous years[/rtl]


2019/11/24


Parliamentary Finance Story_img_5dda1c0521671



The Finance Committee in the House of Representatives has suggested that the State's general budget for 2020 will arrive in the House of Representatives this week or the next.

The Committee indicated that the next budget will differ significantly from previous budgets and will be in line with the demands of demonstrators and citizens.

Committee member Sherwan Mirza said that "the government is sending the 2020 budget to the House of Representatives this week or next week for discussion."

He added, "The budget for next year will be very different from the budgets prepared in the past, as they will come in line with the requirements of the current situation and the demands of the demonstrators." He ruled out that "the budget of the previous year will be similar to the previous year."

Mirza said, "The House of Representatives and the Council of Ministers have given a lot of promises to the demonstrators to intensify projects during the next phase and provide job opportunities for the unemployed, which contributes to calm the street, it can not be the budget of next year, as it is prepared by the government Accepted the previous government because of its one-year anniversary. "

"The Kurdish delegation that arrived in Baghdad yesterday will hold talks with the federal government on the region's share of the budget for next year and the delivery of oil revenues," Mirza said.

Member of the Committee MP Majid al-Waeli said that "the Council of Ministers has not yet set a date for sending the budget."

He added that "the Council of Ministers had to send the budget since last month, but it was much delayed, and has not yet set a date to send it to parliament."

For his part, member of the Finance Committee Jamal Cougar, that the budget 2020 will be allocated most of its doors to meet the demands of the demonstrators.

"The budget will include land distribution and building low-cost houses for the poor and needy," he said.


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Parliamentary Finance Empty The Finance Committee: The budget will be left to the next government

Post by claud39 on Sat Dec 14, 2019 12:58 pm

[size=36]The Finance Committee: The budget will be left to the next government[/size]




14/12/2019








Parliamentary Finance 1214122019_636940304229877824







Baghdad - Mawazine News

The Finance Committee confirmed, on Saturday, a budget law next year will be left to the next government expected to be formed within weeks.

Committee member Sherwan Mirza said: "I imagine that the Adel Abdul Mahdi government will not send the federal budget bill for the year 2020 to the House of Representatives."

He added, according to a statement carried by the media of the Patriotic Union of Kurdistan, that "there is a general trend that it is necessary for the new government to draw its financial policies on its own and not the caretaker government, so I think the budget will be left to the new government."

He continued, "Even if the current government sends the budget to the House of Representatives, some blocs have announced their rejection of the budget, so you will face rejection within the House of Representatives."

He pointed out, "The budget will be left to the new government and may be sent to the House of Representatives early next year." Ended 29 / h





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Parliamentary Finance Empty Parliamentary Finance: The Cabinet has refused to send the 2020 budget so far

Post by claud39 on Sat Dec 21, 2019 1:48 pm

Parliamentary Finance: The Cabinet has refused to send the 2020 budget so far


21/12/2019


Parliamentary Finance %D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-1-696x463






Information / Baghdad ...

Member of Parliamentary Finance Committee MP Ahmad Hama Rashid affirmed on Saturday that the 2020 budget is still included in the cabinet, indicating that there are two ways to deal with the budget if it is not approved.

Rashid told Al-Maalouma that "the cabinet has not sent the 2020 budget yet because it is based on Article 42 in the council and it states that the caretaker government cannot send the budget bill to the parliament."


He added, "If the draft budget is not approved, the Financial Management and Public Debt Law will be resorted to, or the new government will force the government to have a twelve-year budget, which is a single disbursement of 12 of the actual expenditures for the previous year and consider the previous data as the same data."


He explained that "the financial matters in Iraq are not in danger because there is a legal cover for the continued actual expenditures of the state." 15 k is over


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Parliamentary Finance Empty Parliamentary Finance: The budget deficit delayed its arrival in Parliament

Post by claud39 on Thu Dec 26, 2019 8:34 am

Parliamentary Finance: The budget deficit delayed its arrival in Parliament




12/26/2019





Parliamentary Finance 18477







Economy News - Baghdad



The Parliamentary Finance Committee confirmed on Thursday that the deficit in the public budget was the last time it reached Parliament.

The head of the committee, Haitham al-Jubouri, said, "The general budget for the next year is still with the government and it has not been sent to parliament because of the financial deficit," according to the official news agency, Waa '.

He revealed, "The budget deficit reached 25 trillion dinars."

He added, "The government cannot send the budget without covering this deficit," noting that "Parliament and the people are putting pressure on the government to find a solution in covering the fiscal deficit and sending the budget as soon as possible to the parliament dome."

The spokesman for the media office of Prime Minister Saad Al-Hadithi confirmed, on Saturday, that the government of managing daily affairs could not send the general budget bill for fiscal year 2020 to the parliament.

Al-Hadithi said, "The budget bill is ready in the cabinet, but the current government cannot send it after it has been turned into a daily caretaker government."





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Parliamentary Finance Empty Parliamentary Economy: Iraqi dollars are smuggled out of the country through fake companies

Post by claud39 on Fri Jan 10, 2020 1:39 pm

Parliamentary Economy: Iraqi dollars are smuggled out of the country through fake companies



Friday, January 10, 2020



Parliamentary Finance 10201819111240349698022

The Parliamentary Economy and Investment Committee confirmed today, Friday, that the central bank sells large amounts of dollars per day in order to control the exchange rate, pointing out that the dollar is fleeing outside the country through companies and fake connections.

Committee member Nada Shaker said in a statement, "The central bank possesses large amounts of dollars in dollars and sells huge amounts of currency daily, despite the current state of tension in the country."

She added that "the high dollar exchange rate in the local market does not have any justification, especially since the central bank controls the sale of the dollar."

And indicated that "the financial market of the Central Bank sells large amounts of dollars daily, but these funds fall within the category of corruption, where there are a lot of fictitious receipts and companies that do not exist, and therefore there is a leak and smuggling of hard currency outside the country." 
Count




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Parliamentary Finance Empty Parliamentary Economy: Major smuggling of hard currency out of Iraq

Post by claud39 on Fri Jan 10, 2020 1:43 pm

Parliamentary Economy: Major smuggling of hard currency out of Iraq



 Friday, January 10, 2020



Parliamentary Finance 92018411555563509149



The Parliamentary Commission on Economy and Investment confirmed the existence of large- scale [size=13]smuggling of hard currency out of Iraq through the currency auction. 

Committee member Nada Shaker said in a press statement: "The central bank sells large amounts of dollars daily, but this money falls within the category of corruption, as there are a lot of fictitious receipts and companies that do not exist, and therefore there is a leak and smuggling of hard currency out of the country." .

She explained: "The central bank possesses a large store of dollars, and sells large quantities daily in order to control the exchange rate, despite the current state of tension in the country."
[/size]

 

F.A.








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Parliamentary Finance Empty Parliamentary Finance: The 2020 budget will only be approved by a new government

Post by claud39 on Mon Jan 13, 2020 8:04 am

Parliamentary Finance: The 2020 budget will only be approved by a new government




13/01/2020





Parliamentary Finance 15279









Economy News - Baghdad



The Parliamentary Finance Committee affirmed that there is no legal way out to send the general federal budget for 2020 except by forming a new government, indicating that the current government will proceed with the disbursement of operating funds according to the “1/12” mechanism until the ratification of the first amendment to the Financial Management Law.

"There is no legal basis for sending the 2020 budget by the daily caretaker government," the official newspaper, "The Sabah" quoted the committee's rapporteur, Ahmed Al-Saffar, as saying, "The budget is related to the language of numbers and the caretaker government is responsible for daily spending only."

He added, "Expediting the approval of the Financial Management Law, which the House of Representatives voted on Saturday, will give the government the reinvigoration of investment projects until a new government is formed."

The House of Representatives voted during its regular session, held on Saturday, on the law of the first amendment to the law of the Federal Financial Administration. 





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Parliamentary Finance Empty Parliamentary Finance: The 2020 budget will see a deficit of 48 trillion dinars

Post by claud39 on Sun Jan 19, 2020 9:55 am

Parliamentary Finance: The 2020 budget will see a deficit of 48 trillion dinars


19-01-2020



Parliamentary Finance Image






Baghdad - news




Member of Parliamentary Finance Committee Magda Al-Tamimi confirmed today, Sunday, that the 2020 budget will witness a deficit of 48 trillion dinars, while noting that the value of waste in fake projects until 2014 exceeded 282 trillion dinars.




Al-Tamimi told Al-Akhbaria that “more than 6000 fake projects were registered with us until 2014, when the budget was not approved,” stressing that “financial waste in fake projects until 2014 exceeded 282 trillion dinars.”




She noted, "The 2020 budget will witness a financial deficit of 48 trillion dinars," noting that it "raised a number of files to the Integrity Commission for consideration and until now no legal measures have been taken against the whales of corruption."







https://www.ikhnews.com/index.php?page=article&id=207407
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Parliamentary Finance Empty Parliamentary finance sets the conditions for the Kurdistan region to receive its money from Baghdad

Post by claud39 on Sat Feb 01, 2020 8:42 pm

Parliamentary finance sets the conditions for the Kurdistan region to receive its money from Baghdad



2020 - 01-31


Parliamentary Finance 5405aa2117

[size=16]The Parliamentary Finance Committee confirmed, on Friday, that the transfer of funds to Kurdistan by the federal government is a legal violation, as the region has not yet delivered its revenues to Baghdad, noting that the Financial Management Law linked the benefits of the region and the provinces to the receipt of revenue to the central government .
Naji Al-Saeedi, a member of the committee, said in a statement today (January 31, 2020), followed by Digital Media NRT, that "the Financial Management Law is responsible for regulating Iraqi money in the Ministry of Finance and the Central Bank," noting that "Article 11 of the law The region and the provinces are obligated not to receive any amounts unless their oil, customs and other revenues are delivered to the federal government.
He added that "the region did not hand over its revenues to the government, and therefore any financial transfer is considered a legal violation." Noting that, "At this moment, we have not proven transferring funds during this year to the Kurdistan region, and if this is proven, we will take all legal measures against it."
The House of Representatives had voted at its twenty - seventh on the proposal of the Federal Finance Administration Law No. (6) for the year 2019.

[/size]




http://iraaqi.com/news.php?id=44411&news=1#.XjYA8WhKi71
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Parliamentary Finance Empty The Finance Committee: the budget deficit exceeds 48 trillion, and Allawi will review it

Post by claud39 on Tue Feb 04, 2020 1:29 pm

[size=35]The Finance Committee: the budget deficit exceeds 48 trillion, and Allawi will review it[/size]


2020-02-03



[size=35]Parliamentary Finance Doc-P-333444-637163388552296068
[/size]


The Parliamentary Finance Committee revealed, on Monday, the fiscal deficit in the country's general budget for the current year that exceeded 48 trillion dinars, noting that the government of Prime Minister-designate Mohammed Tawfiq Allawi will review it.


"The prime minister-designate has a long history of fiscal and monetary policy in the country, so a budget that has a large financial deficit in excess of 48 trillion dinars can be reviewed," member of the committee, MP Ahmad Hama, told a Somali News agency official.






He added, "The new government will tackle the fiscal deficit by reviewing some paragraphs," noting that "Prime Minister-designate Muhammad Tawfiq Allawi cannot approve the budget and send it to Parliament, except after voting on his cabinet and his government's program."

He continued, "After the parliament votes by an absolute majority on the members of the new government and the ministerial curriculum, the Allawi government can discuss the budget and send it to the House of Representatives," noting that "Allawi has many observations on many financial and economic matters in the state, and all problems can be addressed in a short period or In stages.


And the President of the Republic, Barham Salih, commissioned, on Saturday, Saturday, Mohammed Tawfiq Allawi, the formation of the government.


https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/333444/%D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%B9%D8%AC%D8%B2-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-%D9%8A%D8%AA%D8%AC%D8%A7%D9%88%D8%B2-%D8%A7%D9%84%D9%80-48-%D8%AA%D8%B1%D9%8A%D9%84%D9%8A%D9%88%D9%86
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Parliamentary Finance Empty How will the Allawi government deal with the 2020 budget?

Post by claud39 on Tue Feb 04, 2020 2:13 pm

How will the Allawi government deal with the 2020 budget?


04/02/2020





Parliamentary Finance %D8%AC%D8%A7%D8%B3%D9%85-%D8%A7%D9%84%D8%A8%D8%AE%D8%A7%D8%AA%D9%8A-696x409






The information / Baghdad ..



Member of Parliamentary Services Committee Jassem Al-Bakhati confirmed, Tuesday, that the government of the new Prime Minister Muhammad Tawfiq Allawi will review the 2020 budget because its vision differs from that of the previous government, indicating that all decisions issued during the period of caretaking for the cabinet and ministries will be reviewed to know the extent of its constitutionality During that time.



Al-Bukhati said in a statement to the "information", that "the government of Muhammad Tawfiq Allawi will not send the budget if it is given the confidence of the House of Representatives, but will review it according to the data of the stage." As it is the body that will send it to Parliament. ”



He added, “The government of Adel Abdul Mahdi during the period of caretaking committed several violations by issuing decisions that are not permitted by the constitution, and thus all decisions issued by the Council of Ministers and ministries will be reviewed during the term of caretaking for constitutional compliance."



The member of the Parliamentary Finance Committee, Magda Al-Tamimi, confirmed in a previous statement to / the information /, that the government had implemented the 2020 budget law before its resignation, expressing its surprise at the failure to send the budget after its completion. Ended in / 25 pm



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Parliamentary Finance Empty COOPERATION BETWEEN THE FEDERAL FINANCIAL SUPERVISION BUREAU AND THE MEDIA AND COMMUNICATIONS AUTHORITY

Post by claud39 on Wed Feb 12, 2020 9:08 am

COOPERATION BETWEEN THE FEDERAL FINANCIAL SUPERVISION BUREAU AND THE MEDIA AND COMMUNICATIONS AUTHORITY







02/12/2020




Parliamentary Finance _%D8%A7%D9%84%D8%A7%D8%B9%D9%84%D8%A7%D9%851



On 5/2/22020 Dr. Salah Nouri Khalaf, Head of the Federal Financial Supervision Bureau, received the Chairman of the Executive Authority of the Media and Communications Authority Dr. Ali Nasser Al-Khuwaildi. At the beginning of the meeting, the Chief of the Bureau welcomed a guest and provided a brief explanation of the work of the Federal Financial Supervision Bureau and the tasks assigned to it and its mission in combating Corruption, preserving public money, and correcting mistakes made by state departments in the areas of exchange and expenditures, and the enormous tasks that our bodies carry out at the level of Iraq from north to south, as well as its role in evaluating the performance of government institutions, as this evaluation has a role in correcting mistakes In which the workers are located, and that this evaluation is based on the experience accumulated by the Bureau in all areas, and that the work of the Bureau is not limited to the audit work of accounting, but in all the functions of the job.




Parliamentary Finance _%D8%A7%D9%84%D8%A7%D8%B9%D9%84%D8%A7%D9%852







https://www.fbsa.gov.iq/ar/view/1742
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Parliamentary Finance Empty THE FEDERAL FINANCIAL SUPERVISION BUREAU HOLDS A WORKSHOP ENTITLED (TOWARDS ELECTRONIC FINANCIAL AND ACCOUNTING PROGRAMS)

Post by claud39 on Wed Feb 12, 2020 9:11 am

THE FEDERAL FINANCIAL SUPERVISION BUREAU HOLDS A WORKSHOP ENTITLED (TOWARDS ELECTRONIC FINANCIAL AND ACCOUNTING PROGRAMS)



02/12/2020





Parliamentary Finance -%D8%B9%D9%85%D9%8412-2-2020








For the advancement and development of the skills of workers in the Federal Financial Supervision Bureau and through cooperation in exchanging experiences and financial and accounting programs for its employees.

         A workshop was held for (a presentation for the QuickBox accounting program) on the morning of Wednesday, 5/2/2020 by the representative of Culver Financial and Informatics Systems Company, Mr. Manaf Al-Saffar, at ten in the morning in the hall of the Supervisory Board in the presence of Dr. Salah Nuri Khalaf Chairman Honorable Cabinet, gentlemen (general managers and assistants), department staff (electronic control and auditing, studies and research, computer center) and the respected accounting system committee.

The workshop dealt with the most important points and discussions about the capabilities of the system and the technology and mechanization it offers to implement the accounting procedures with ease and flexibility. As the program is one of the commercial accounting programs, the program is characterized by the speed and ease of entering data and the accuracy of its outputs according to the requirements of the financial work and according to the needs of the beneficiary from them tracking inventory, purchases and sales, in addition to the availability of technical benefits, including changing protection codes and powers granted to the program supervisor.









https://www.fbsa.gov.iq/ar/view/1744
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Parliamentary Finance Empty Parliamentary Economic: Approving The Next Budget Will Be Very Difficult In Light Of Popular Discontent

Post by claud39 on Sat Feb 15, 2020 3:24 pm

[size=40]Parliamentary Economic: Approving The Next Budget Will Be Very Difficult In Light Of Popular Discontent[/size]




On 2/15/2020 - 10:32 AM





Parliamentary Finance %D8%B1%D9%88%D8%A7%D8%AA%D8%A8-1










Al-Ahed News- Baghdad

The Parliamentary Economy and Investment Committee revealed today, Saturday, about 47 trillion dinars as an annual deficit in 2019, indicating that the large deficit will lead to reducing the ambition of the next government to make concrete economic reforms.

Committee member Nada Shaker Jawdat said, "The resigned government left an annual deficit of about 47 trillion dinars without achieving any economic achievement."

Jawdat added, "The next government will find itself forced to pay those sums from the 2020 budget, making it constrained by conducting comprehensive economic reforms as they are prepared."

Jawdat pointed out that "approving the next budget will be very difficult in light of popular discontent and demands to increase government employment at a time when the government faces a clear economic crisis." Finished 2







https://alahadnews.net/?p=22210
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Parliamentary Finance Empty Parliamentary Finance announces its position on stopping employee bonuses and promotions

Post by claud39 on Fri Feb 28, 2020 9:04 am

[size=36]Parliamentary Finance announces its position on stopping employee bonuses and promotions[/size]



02/28/2020





Parliamentary Finance 92822020_Doc-P-315862-637019972342974904




Baghdad - Mawazine News

, the head of the Parliamentary Finance Committee, Haitham al-Jabouri, announced today, Friday, that his committee rejects the order to stop bonuses and promotions for employees, as it promised not to pass it.

Al-Jubouri said in a statement, "The Finance Committee rejects the order issued by the crisis cell to prepare the 2020 budget for stopping bonuses and promotions for state employees."

Al-Jubouri added, "We promise our employees not to pass it during the approval of the budget in the House of Representatives." Ended 29 / h




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Parliamentary Finance Empty Cabinet Secretary: The 2020 budget is still in the Ministry of Finance

Post by claud39 on Sat Feb 29, 2020 10:06 am

[size=36]Cabinet Secretary: The 2020 budget is still in the Ministry of Finance[/size]





02/28/2020





Parliamentary Finance 172822020_5665465







Baghdad-Mawazine News

, Secretary General of the Council of Ministers Hamid Al-Ghazzi confirmed today, Friday, that the draft federal budget law for the fiscal year 2020 is still in the Ministry of Finance.

 Al-Ghazi said in a statement to the Iraqi News Agency (INA), that "the general budget has not been voted on until now in the Ministry of Finance and it has not been sent to the parliament."

Earlier, the Parliamentary Finance Committee confirmed that preparing the 2020 budget will be one of the priorities of the new government, while it expected to send it to the House of Representatives two weeks after the vote on the cabinet cabinet of Mohammed Tawfiq Allawi. End / 29 BC





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Parliamentary Finance Empty The Finance Committee hosts the advanced staff in the Ministry of Finance to discuss the financial situation of the country

Post by claud39 on Wed Mar 04, 2020 9:54 am

[size=32]The Finance Committee hosts the advanced staff in the Ministry of Finance to discuss the financial situation of the country[/size]

 

 03/04/2020
Parliamentary Finance %D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-4-3-2020-800x445



The Finance Committee headed by the Chairman of the Committee, Dr. Haitham al-Jubouri and the attendance of its members on Tuesday 3/3/2020 The advanced cadre in the Ministry of Finance included the undersecretary and general managers of accounting, public debt, tax and customs to put rapid economic remedies at the legislative and executive levels to stop the consequences of the decline in the financial situation of the country and the decline in oil prices Globalism .

The Finance Committee asked the tax and customs authorities to send data on financial revenues for research and find ways to increase them, the most important of which is the automation of all procedures in border crossings.

He also stressed the head of the Finance Committee d. Haitham Al-Jubouri, the committee’s complete readiness within its supervisory and legislative roles and harnessing all its efforts to maximize non-oil resources, as well as submitting a number of proposals to the tax and customs authorities that contribute to increasing revenues for the purpose of reducing the budget deficit and advancing the Iraqi economic reality.


The Finance Committee called for an official letter from the Ministry of Finance to provide it with all the amounts spent outside the budget law, and the violating party bears all legal consequences for that, as well as the need to invest the collection by the ministry as it is now not at the required level and because of its importance as a resource in the budget.

The Finance Committee sent an official letter to the Prime Minister and the Ministry of Finance to stop the implementation of Resolution 315 to 31/12/2019. The Ministry of Finance bears all legal consequences in the event that this decision is continued.

In the same regard, the Finance Committee has indicated its reservation regarding the issuance of a resolution of 364 by the Council of Ministers, which causes tax reduction at a time when the country needs all revenue to address the budget deficit, as well as directing it to an official letter to the Cabinet on its procedures for reducing the state’s treasury share of the profits of oil companies From 45% ؜ to 5% ؜ only.

Parliament
The Media Service
3/4/2020




http://ar.parliament.iq/2020/03/04/%d8%a7%d9%84%d9%84%d8%ac%d9%86%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b3%d8%aa%d8%b6%d9%8a%d9%81-%d8%a7%d9%84%d9%83%d8%a7%d8%af%d8%b1-%d8%a7%d9%84%d9%85%d8%aa%d9%82%d8%af%d9%85/
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Parliamentary Finance Empty Parliamentary Finance hosts the Deputy Minister of Finance to discuss the implications of the financial downturn

Post by claud39 on Wed Mar 04, 2020 4:04 pm

[size=30]Parliamentary Finance hosts the Deputy Minister of Finance to discuss the implications of the financial downturn[/size]




04 Mar 2020



Parliamentary Finance %D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%88%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9



[size=20]Baghdad - people[/size]

The Finance Committee in the House of Representatives hosted the Deputy Minister of Finance and a number of general managers to discuss the implications of the financial downturn after the drop in global oil prices, and proposed a number of immediate remedies to remedy any financial crisis.

The Media Department of the House of Representatives announced in a statement that "people" received, a copy of it today (4 March 2020) "The Finance Committee headed by the Chairman of the Committee, Haitham Al-Jabouri, and its members attended on Tuesday 3/2020 the advanced cadre in the Ministry of Finance, which included the undersecretary and general managers Accounting, public debt, tax and customs to put rapid economic remedies at the legislative and executive levels to stop the repercussions of the decline in the financial situation of the country and the decline in global oil prices.

The Finance Committee asked the tax and customs authorities to "send data on financial revenues for research and find ways to increase them, the most important of which is the automation of all procedures at border crossings."

The head of the Finance Committee, Haitham Al-Jubouri, stressed the committee’s complete readiness within its supervisory and legislative roles and harnessing all its efforts to maximize non-oil resources, as well as submitting a number of proposals to the tax and customs authorities that contribute to increasing revenues for the purpose of reducing the budget deficit and advancing the Iraqi economic reality.

The Finance Committee called for an official letter from the Ministry of Finance "to provide it with all the amounts spent outside the budget law, and the violating party bears all legal consequences for that, as well as the need to invest the collection by the ministry as it is now not at the required level and because of its importance as a resource in the budget."

The Finance Committee sent an official letter to the Prime Minister and the Ministry of Finance to “suspend the implementation of Resolution 315 until 31/12/2019. The Ministry of Finance bears all legal consequences in the event that this decision is continued.”

She indicated "her reservation regarding the issuance of a resolution of 364 by the Council of Ministers, which causes tax reduction at a time when the country needs all revenues to address the budget deficit, as well as directing an official letter to the cabinet on its procedures for reducing the state treasury's share of oil company profits from 45% to Only 5%. ”
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Parliamentary Finance Empty Parliamentary efforts to reduce the interest of bank loans

Post by claud39 on Thu Mar 05, 2020 10:28 am

[size=36][rtl]Parliamentary efforts to reduce the interest of bank loans[/rtl][/size]


Wednesday 04 March 2020





Parliamentary Finance Alsabaah-33110






Baghdad / Al-Sabah 




 Shaima Rashid


The Parliamentary Finance Committee ruled out that the budget for this year 2020 would be voted on due to the lack of time remaining, while its efforts to reduce the benefits of bank loans indicated that it leads to a decline in the economic growth of the country.  

Member of the Finance Committee Ahmed Al-Hajj Rashid said in a statement to Al-Sabah: “The issue of interest is one of the methods of monetary policy, and the benefits are measured by the economic activity of the country. The more successful the activity, the higher the benefits and vice versa, meaning that the activity if it is weak must be the benefits Few, and if the government wants to reduce overheads, it must increase the benefits. ”



He added that "the economic situation in Iraq is deteriorating and flabby, and the high benefits lead to people not borrowing from banks, and therefore the funds in the banks are idle and inactive money which in turn leads to a decline in economic growth," noting that "the central bank is responsible for monetary policy It is an independent authority that no one can interfere with, noting that "the Finance Committee will seek, during its upcoming sessions, to host them and discuss the possibility of reducing benefits."



As for the 2020 budget, Rashid ruled out that "there will be a budget for this year due to time constraints," noting that "the 2020 budget has a deficit of 50 trillion dinars, and it is still in the Ministry of Finance, and therefore Parliament cannot pass it, and only the financial statements have arrived."



To that, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, called the boards of directors of Iraqi banks, to reduce the interest rate on loans.



Saleh said: "The economic problem of Iraq lies in the fact that the interest rates are high for many reasons, the most important of which is the liberalization witnessed by Iraqi banks, as freedom was given to the administration of the Council of Banks to determine interest on loans and deposits in the central bank, when one participation is called the monetary policy interest that banks borrow. from the bank".



He added that "the interest of the central bank is very large, and it needs to be reconsidered, especially since the maximum rate of interest in the banks of the countries of the world is 6 percent." He explained that "imposing a high interest causes great losses and puts economic life at risk."



Saleh pointed out, "The necessity of obtaining a fundamental stand from the monetary authority, the banking system, and the Ministry of Finance to reconsider the loans and manage them properly." 



On the other hand, the Finance Committee headed by the Chairman of the Committee, Dr. Haitham al-Jubouri and the attendance of its members yesterday, Tuesday, the advanced angel in the Ministry of Finance, which included the undersecretary and general managers in accounting, public debt, tax and customs to set rapid economic remedies at the legislative and executive level to stop the consequences of the decline in the financial situation of the country and the drop in global oil prices. The Finance Committee called - according to a statement received by "Al-Sabah" - the tax and customs authorities to send data on financial revenues for research and find ways to increase them, the most important of which is the automation of all procedures in the border outlets.



He also stressed the Chairman of the Finance Committee d. Haitham Al-Jubouri, the committee is fully prepared within its supervisory and legislative roles and harnessing all its efforts to maximize non-oil resources, in addition to submitting a number of proposals to the tax and customs authorities that contribute to increasing revenues for the purpose of reducing the budget deficit and advancing the Iraqi economic reality.



The Finance Committee called for an official letter from the Ministry of Finance to provide it with all the amounts spent outside the budget law. The violating party bears all the legal consequences for that, in addition to the necessity to invest the collection by the ministry as it is now not at the required level and because of its importance as a resource in the budget.



The Finance Committee sent an official letter to the Prime Minister and the Ministry of Finance to stop the implementation of Resolution 315 until 12/31/2019. The Ministry of Finance bears all legal consequences in the event of continuing to work with this decision.



In the same regard, the Finance Committee has indicated its reservation regarding the issuance of Resolution 364 by the Council of Ministers that causes tax reduction at a time when the country needs all revenue to address the budget deficit, as well as directing an official letter to the Cabinet on its procedures for reducing the state’s treasury share of corporate profits Oil from only 45 percent to 5 percent.



The Chairman of the Committee, Haitham Al-Jubouri, said in statements following the meeting that "the Finance Committee has put in place rapid economic remedies at the legislative and executive levels to stop the repercussions of the decline in the financial situation of the country and the drop in global oil prices."



He added that "the steps include the approval of plans to increase non-oil revenues in relation to tax and customs, improve the tax base, and reschedule some of the internal and external obligations of the Iraqi state."



The Chairman of the Finance Committee indicated the agreement "with the Ministry of Finance to ensure the distribution of the salaries of employees and retirees and the social protection network and to continue to provide medicines and the ration card", explaining that "the agreement also included the provision of ongoing project funds to ensure the provision of services to citizens."



He stressed, "rescheduling some of the internal and external obligations of the Iraqi state, identifying the debts of Iraq and addressing the causes of the low customs revenues achieved at the border outlets."









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Parliamentary Finance Empty Parliamentary Finance: It is necessary to start collecting taxes and collecting salaries to counteract the drop in oil

Post by claud39 on Mon Mar 09, 2020 6:57 pm

Parliamentary Finance: It is necessary to start collecting taxes and collecting salaries to counteract the drop in oil




09-03-2020





Parliamentary Finance Image







Baghdad / Al-Ikhbaria:

Member of Parliamentary Finance Committee Jamal Kujer called on Monday to impose collection and unification of salaries to face the drop in oil, indicating that the collapse of oil prices in this way is a catastrophe.

"The scale of the concerns about the collapse of oil prices is exaggerated, which necessitates speeding up the restructuring of the 2020 budget," Cougar said in a televised statement.

He added that "the Iraqi people must be exposed about the collapse of oil prices," noting that "Iraq needs a strong prime minister to root out the corrupt."

He explained that "the border outlets provide a complete budget parallel to the federal budget and the government should start collecting taxes and unifying salaries to counteract the drop in oil," noting that "salaries will not be damaged provided that combating aliens and dual salaries is affected."





https://www.ikhnews.com/index.php?page=article&id=210747
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Parliamentary Finance Empty The Ministerial Council of Economy holds an emergency session on the drop in global oil prices

Post by claud39 on Wed Mar 11, 2020 10:33 am

The Ministerial Council of Economy holds an emergency session on the drop in global oil prices


Wednesday, March 11, 2020



Parliamentary Finance Mof56665



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examine the Council Mechanisms The guarantor To reduce crisis drop Prices The oil in a Markets Globalism On  The situation Economic And social in a Iraq And take Measures The guarantor Protected the level The pension To the citizens And provide Possibilities Available To address For a virus sk It will continue the Council With a contract His sessions in a the days Coming to reach to me Solution opportunity To manage the crisis.






http://www.mof.gov.iq/pages/MOFBannerHeadlineDetail.aspx?BannerNewsID=800
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