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Parliamentary Finance

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Parliamentary Finance - Page 3 Empty Parliamentary Finance: Retirement salaries are illegal and no warrant has been issued

Post by claud39 on Wed Jun 10, 2020 9:31 am

Parliamentary Finance: Retirement salaries are illegal and no warrant has been issued


06/10/2020



Parliamentary Finance - Page 3 21374





Economy News _ Baghdad



On Wednesday, the Finance Committee in Parliament described the retirement salary deduction as an "illegal" measure, and no order was issued.

Member of Parliament Abdul-Hadi Al-Saadawi confirmed that the committee will intervene to find out the reasons for deducting the salaries of retirees, noting that the Cabinet did not issue a decision to deduct.

Al-Saadawi said in a press interview, "The decision to deduct any part of the pensioners’ salaries does not exist, and there is also no law for any government agency to deduct the pensioners' salaries, except through legislation within the Iraqi parliament, to be according to a specific mechanism and in accordance with the unified pension law. "

And, "The deductions that took place in the salaries of retirees have not been announced by any government agency, and we will intervene and know from the retirement organization what are the reasons for deductions from the salaries of retirees," stressing that "there is no decision by the Council of Ministers to deduct, as even the Ministry of Finance is not entitled to It has it.




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Parliamentary Finance - Page 3 Empty Parliamentary Finance: Retirement salaries are illegal and no warrant has been issued

Post by claud39 on Wed Jun 10, 2020 1:36 pm

Parliamentary Finance: Retirement salaries are illegal and no warrant has been issued


10/06/2020





Parliamentary Finance - Page 3 21374


Economy News _ Baghdad



On Wednesday, the Finance Committee in Parliament described the retirement salary deduction as an "illegal" measure, and no order was issued.

Member of Parliament Abdul-Hadi Al-Saadawi confirmed that the committee will intervene to find out the reasons for deducting the salaries of retirees, noting that the Cabinet did not issue a decision to deduct.

Al-Saadawi said in a press interview, "The decision to deduct any part of the pensioners’ salaries does not exist, and there is also no law for any government agency to deduct the pensioners' salaries, except through legislation within the Iraqi parliament, to be according to a specific mechanism and in accordance with the unified pension law. "

And, "The deductions that took place in the salaries of retirees have not been announced by any government agency, and we will intervene and know from the retirement organization what are the reasons for deductions from the salaries of retirees," stressing that "there is no decision by the Council of Ministers to deduct, as even the Ministry of Finance is not entitled to It has it.





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Parliamentary Finance - Page 3 Empty Parliamentary Finance: Retirement salaries are illegal and no warrant has been issued

Post by claud39 on Wed Jun 10, 2020 1:40 pm

Parliamentary Finance: Retirement salaries are illegal and no warrant has been issued


10/06/2020



Parliamentary Finance - Page 3 21374


Economy News _ Baghdad



On Wednesday, the Finance Committee in Parliament described the retirement salary deduction as an "illegal" measure, and no order was issued.

Member of Parliament Abdul-Hadi Al-Saadawi confirmed that the committee will intervene to find out the reasons for deducting the salaries of retirees, noting that the Cabinet did not issue a decision to deduct.

Al-Saadawi said in a press interview, "The decision to deduct any part of the pensioners’ salaries does not exist, and there is also no law for any government agency to deduct the pensioners' salaries, except through legislation within the Iraqi parliament, to be according to a specific mechanism and in accordance with the unified pension law. "

And, "The deductions that took place in the salaries of retirees have not been announced by any government agency, and we will intervene and know from the retirement organization what are the reasons for deductions from the salaries of retirees," stressing that "there is no decision by the Council of Ministers to deduct, as even the Ministry of Finance is not entitled to It has it.





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Parliamentary Finance - Page 3 Empty Finance Minister Ali Allawi meets the ambassadors of Canada, Britain, Australia and Germany in Iraq

Post by claud39 on Sat Jun 13, 2020 11:05 am

Finance Minister Ali Allawi meets the ambassadors of Canada, Britain, Australia and Germany in Iraq



Thursday, June 11, 2020



Parliamentary Finance - Page 3 Mof90007656ft




He met with  the Minister of Finance Dr. Ali Allawi, on Thursday June 11 2020, with the ambassadors of Britain, Canada, Germany and Australia in Baghdad on each end.


[rtl]During the meetings, various aspects of bilateral cooperation and ways of enhancing them were discussed, and the meetings also dealt with a number of related topics, especially in the economic and financial fields.[/rtl]





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Parliamentary Finance - Page 3 41ad8a5e-fdd9-423b-a553-1ca6ee48ee07





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http://www.mof.gov.iq/Pages/MOFBannerHeadlineDetail.aspx?BannerNewsID=832
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Parliamentary Finance - Page 3 Empty Parliamentary finance: fiscal deficit reached 40 trillion dinars

Post by claud39 on Tue Jun 16, 2020 12:44 pm

Parliamentary finance: fiscal deficit reached 40 trillion dinars


15/06/2020



Parliamentary Finance - Page 3 11723





[ltr]Economy News - Baghdad:[/ltr]




[ltr]Finance Committee member Hanin al-Qaddo said that the fiscal deficit in spending from December this year according to the committee's estimates is 40 trillion Iraqi dinars, including internal debt, while explaining that Iraq's economic situation is critical and suffers from a very severe crisis, as the Iraqi government did not turn to alternatives, pointing out that there is a large theft in financial resources from outlets and al-Kamark goes to the pockets of the corrupt estimated at 15 trillion dinars.[/ltr]
[ltr]The internal debt amounts to 5 trillion and the government can postpone it, and the refore the deficit can be deducted to 35 trillion dinars, he said, adding thatthe issue of domestic or external borrowing is among the allowance issues that the government can resort to.[/ltr]
 
[ltr]He also continued to talk about the financial situation by saying that alternatives can be taken by the government through resources such as customs, border crossings, taxes, electricity and water collection and other ministries that allocate large amounts of money and did not receive any income such as the Ministry of Transport and Aviation, the Ministry of Agriculture and others, explaining that Iraq needs to control the borders and strike with an iron hand on the corrupt, he said.[/ltr]
 
[ltr]Kaddo revealed that there is a major theft and disclosure of Iraqi financial resources obtained from border crossings, al-Kamark and the northern and southern region is estimated at 15 trillion Iraqi dinars.[/ltr]
 
[ltr]"This money goes to waste and into the pockets of the corrupt, and there are some actors who work for some officials and there is an agreement maybe for some officials in the ports in order to get money," he said, adding that this requires a leader who described him as brave to strike with an iron hand on all the corrupt, regardless of their position and status.[/ltr]






[ltr]http://economy-news.net/content.php?id=20729
[/ltr]
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Parliamentary Finance - Page 3 Empty Finance Committee: The government does not want to send the budget law and the reason for the deficit

Post by claud39 on Tue Jun 16, 2020 1:01 pm

Finance Committee: The government does not want to send the budget law and the reason for the deficit


16/06/2020



Parliamentary Finance - Page 3 21484



[ltr]Economy News _ Baghdad[/ltr]


[ltr]The Federal Government does not want to send the 2020 federal budget bill to the House of Representatives, the Finance And Banking Committee said Tuesday.
"The federal government does not want to send the 2020 federal budget bill to

the House of Representatives because of its large deficit," said Committee member Sherwan Mirza.
"The financial management law stipulates that the budget deficit should not be more than 3 percent, but

the current budget deficit is more than 50 percent, which is illegal," he said.
[/ltr]







[ltr]http://economy-news.net/content.php?id=20739
[/ltr]
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Parliamentary Finance - Page 3 Empty Minister of Planning discusses with a group of academics, iraq's economic situation, and ways to address the current economic crisis

Post by claud39 on Tue Jun 16, 2020 1:48 pm

Minister of Planning discusses with a group of academics, iraq's economic situation, and ways to address the current economic crisis




2020-06-15 




Parliamentary Finance - Page 3 15922513163894ea38117d23967d09be2b52408f14--%D9%86%D8%AE%D8%A8%D8%A9_%D8%A7%D9%83%D8%A7%D8%AF%D9%8A%D9%85%D9%8A%D9%8A%D9%86



[ltr]Mr. Minister of Planning Prof. Dr. Khalid Batal Al-Najm, today, Monday, discussed with a group of academics and university professors, the situation of Iraq, economic and development, the impact of the current crisis represented by the Corona pandemic, low oil prices, and the immediate and future treatments that academic expertise and university knowledge houses can contribute to.[/ltr]

[ltr]At the beginning of the meeting, Mr. Al-Wazir welcomed the President of the Iraqi Academics, Dr. Muhannad al-Hilal, and the professors who responded to the call, stressing the importance of opening up to Iraqi universities, as houses of expertise, and therefore, it is important to employ such expertise, in the design of economic and development policies on solid scientific foundations.[/ltr]

[ltr]The meeting discussed a number of issues, and put forward visions and remedies to get out of the current crisis, among other issues discussed:[/ltr]

[ltr]Parliamentary Finance - Page 3 1f539The reality of economic and financial policies in Iraq, and work to ensure the proper implementation of plans and strategies.[/ltr]


[ltr]Parliamentary Finance - Page 3 1f539Mechanisms for the advancement of the private sector through the implementation of the strategy for the development of this vital sector, while providing guarantees to its employees like their counterparts working in the public sector, and paying special attention to the informal sector.[/ltr]


[ltr]Parliamentary Finance - Page 3 1f539Review the system of legislation and laws in force, in accordance with the requirements of development within the Vision of Iraq 2030.[/ltr]


[ltr]Parliamentary Finance - Page 3 1f539The need to identify training needs by all state institutions, with the aim of subjecting the employees of those institutions to training courses that contribute to the development of their abilities, by taking advantage of the potential of the National Center for Administrative Development and Information Technology, under the Ministry of Planning.[/ltr]


[ltr]Parliamentary Finance - Page 3 1f539To benefit from the capabilities and capabilities of Iraqi universities, in spreading a culture of quality, in order to develop and improve the performance of state employees, which will reflect positively on the level of services provided to citizens.[/ltr]


[ltr]Parliamentary Finance - Page 3 1f539Interest in youth projects through the development of a soft lending policy and the incentive of private sector banks to contribute to the financing of these projects.[/ltr]


[ltr]Parliamentary Finance - Page 3 1f539The formation of sub-committees of professors and academics, which will study the problems and propose appropriate solutions and remedies.[/ltr]




[ltr]https://mop.gov.iq/static/uploads/8/activities_minister/1173/15922513163894ea38117d23967d09be2b52408f14--%D9%86%D8%AE%D8%A8%D8%A9_%D8%A7%D9%83%D8%A7%D8%AF%D9%8A%D9%85%D9%8A%D9%8A%D9%86.jpg
[/ltr]
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Parliamentary Finance - Page 3 Empty The work addressed the cabinet to pay the salaries of the new full-time appointees

Post by claud39 on Thu Jun 18, 2020 5:07 pm

The work addressed the cabinet to pay the salaries of the new full-time appointees


18/06/2020



Parliamentary Finance - Page 3 21510







Economy News _ Baghdad



The Ministry of Labor and Social Affairs announced, on Thursday, that it addressed the General Secretariat of the Council of Ministers and the Ministry of Finance to pay the salaries of the new full-time appointees, who numbered 57,000 beneficiaries, while it set the first of next month, August, as a date to receive the requests of beneficiaries in advance from the aforementioned segment to change the full-time appointee.

Issam Abdel Latif, head of the Disabled Persons and Special Needs Authority in the Ministry, said in a statement seen by Al-Iqtisad News, “The Authority addressed the General Secretariat of the Council of Ministers and the Ministry of Finance through official books in order to launch allocations of about 57 thousand beneficiaries of the new included with the full-time salary of the disabled Those whose transactions have been completed, whether or not the Master cards have been spent for them, in order to pay their salaries during the current year 2020.

And Abdul Latif added that "the disbursement process will be studied with the budget and accounting and legal departments in the Ministry of Finance in addition to the General Secretariat of the Council of Ministers in order to consider the possibility of providing financial allocation for that", stressing in the same context that his ministry "has initiated a modernization of the programs of the authority to make it more modern And developed with regard to receiving requests from beneficiaries.

He pointed out that "the electronic systems for receiving the requests of beneficiaries have been suspended until the end of next July," disclosing "the identification of the first of the month of August next, as a date for receiving requests to change the full-time appointment for those wishing to do so."



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Parliamentary Finance - Page 3 Empty The Finance Committee issues a statement regarding the salaries of new hires in the Ministry of Education and others

Post by claud39 on Thu Jun 18, 2020 7:29 pm

[size=32]The Finance Committee issues a statement regarding the salaries of new hires in the Ministry of Education and others[/size]







 06/18/2020

Parliamentary Finance - Page 3 %D9%84%D8%AC%D8%A7%D9%86-%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3-800x445

On Thursday 6/18/2020, the Finance Committee issued a statement regarding the salaries of new hires in the Ministry of Education and other ministries and institutions of the state, stating:


“We have received dozens of letters and appeals through social networking sites inquiring about the position of the Parliamentary Finance Committee regarding the salaries of new hires in the Ministry of Education and others and inquiries about entering a text in the draft borrowing law presented to the House of Representatives that includes paying their financial dues and here we would like to clarify the following


- The Finance Committee, with all its members, has no objection to disbursing the financial rights of those who deserve it from all classes. Rather, we strongly support this measure and we will work to pass it within the honorable council.


- The honorable Presidency of the Council of Representatives will be approached by the Finance Committee for the purpose of expediting the obtaining of the approval of the Iraqi government so that the law will not be subject to future governmental appeal and to ensure that these benefits are distributed in a streamlined manner and without objections.


- The Finance Committee has been and continues to monitor all issues concerning the segments of society from the staff of permanent and temporary owners on an ongoing basis along with the Ministry of Finance and has developed many and effective solutions to many of these matters.


- We remind all the brothers from those segments of the position of the Finance Committee in all previous budget laws, from including their rights and approving the movement of owners that was the reason for their appointment and absorption last year, as well as installing thousands of contractors on permanent owners.


House of Representatives,
Media
Department 6/18/2020





https://ar.parliament.iq/2020/06/18/%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%b5%d8%af%d8%b1-%d8%a8%d9%8a%d8%a7%d9%86%d8%a7%d9%8b-%d8%a8%d8%b4%d8%a3%d9%86-%d8%b1%d9%88%d8%a7%d8%aa%d8%a8/
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Parliamentary Finance - Page 3 Empty Al-Kaabi addresses the Parliamentary Finance: We are looking for an official letter from you to explain your position regarding the salaries of new employees and employees, contracts and wages.

Post by claud39 on Thu Jun 18, 2020 7:49 pm

[size=32]Al-Kaabi addresses the Parliamentary Finance: We are looking for an official letter from you to explain your position regarding the salaries of new employees and employees, contracts and wages.[/size]




 06/18/2020

Parliamentary Finance - Page 3 Untitled-2-2-800x445

Mr. Hassan Karim Al-Kaabi, First Deputy of the Speaker of Parliament, responded today, Thursday, June 18, 2020 to the “press release” of the Parliamentary Finance Committee regarding the salaries of the new hires, confirming that the Presidency of the House of Representatives is awaiting an “official” letter from the aforementioned committee to explain its explicit and clear stance towards the financial allocations of employees New hires, contracts and procedure.


Al-Kaabi said: We previously sent an official letter to the brothers in the Finance Committee and instructed them to include the salaries of employees, contractors and wages within a clear and explicit paragraph in the law of domestic and foreign borrowing and spend their financial allocations that will be spent retroactively, indicating that the Presidency of the Council is waiting for the committee’s response formally, otherwise we will not accept the data The journalist who does not sing or be fat.


Media office of the
First Deputy Speaker of the House of Representatives
6/6/2020





https://ar.parliament.iq/2020/06/18/%d8%a7%d9%84%d9%83%d8%b9%d8%a8%d9%8a-%d9%8a%d8%ae%d8%a7%d8%b7%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-%d9%86%d9%86%d8%aa%d8%b8%d8%b1-%d9%85/

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Parliamentary Finance - Page 3 Empty Finance: Paying 90% of the state properties that are occupied by the parties

Post by claud39 on Sun Jun 21, 2020 11:18 am

Finance: Paying 90% of the state properties that are occupied by the parties


06/21/2020





Parliamentary Finance - Page 3 21564







Economy News _ Baghdad



The State Real Estate Department announced, on Sunday, the payment of 90 per cent of the parties and political bodies, for the sums it paid for the real estate they occupy, revealing that it had prepared a plan to invest the real estate of the Ministry of Finance and the introduction of an electronic system to limit abuse.

The director of the department, Ahmad Al-Rubaie, said in a statement reported by the official Al-Sabah newspaper, which was viewed by Al-Iqtisad News, that “the ownership of real estate and land in the country, its references differ, as the department is responsible only for real estate belonging to the Ministry of Finance, which is directly managed by it.”

Al-Rubaie added, “A large number of them were overlooked or exploited by citizens, politicians and parties after the fall of the grave regime,” noting that his department “intensified its efforts in two directions, the first to lift the excesses, and the second to obtain a cash allowance for its exploitation.

Al-Rubaie said, “The real estate operators, influential people, politicians and parties were refraining from paying their sums of money for that, but coordinating his department with the Public Prosecution and Prosecution Authority and activating the government debt collection law that includes the seizure of movable and immovable funds, led to the owners of those real estate payments, What I owe them to the state, at a rate of 90 percent. ”

He disclosed, “The number of real estate managed by the department and affiliated with the Ministry of Finance, between 90 to 100 thousand, except for real estate in the Kurdistan region”, indicating that it is “divided on the basis of residential, commercial, industrial and agricultural, and managed according to a paper database that the department recently intentionally replaced in coordination with The General Secretariat of the Council of Ministers and the Ministry of Construction, ”.

Al-Rubaie disclosed that "an integrated plan has been submitted to the Ministry of Finance to exploit state properties to support the state treasury."

With regard to what is reported from time to time about cases of counterfeiting affecting the state’s real estate, the director of state real estate stressed that “real estate transfers of ownership are made through the Real Estate Registration Department, and there is no transfer or forgery in the department’s records, especially that it has coordination with the supervisory authorities to uncover Such cases, if any.



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Parliamentary Finance - Page 3 Empty The government is moving to cancel the 2020 budget and reduce the estimated price of oil to $ 30

Post by claud39 on Sun Jun 21, 2020 1:15 pm

The government is moving to cancel the 2020 budget and reduce the estimated price of oil to $ 30



Sunday, June 21, 2020

Parliamentary Finance - Page 3 5202014164224978703446
A parliamentary source revealed, today, the government's intention to cancel the budget of 2020 and reduce the price of speculative oil to bridge the budget deficit and pay salaries, indicating that the Minister of Finance promised to conduct the affairs of the state by law 1/12 and internal and external borrowing.
The source said in a statement that "the Parliamentary Finance Committee met with economic personalities and responsible, the last of which was the Minister of Finance Ali Allawi on the general financial crisis in the country."
He added that "Allawi stressed the futility of setting a budget for the current year, since the remainder of the year is 5 months. A law and feasibility study will be drafted during the remaining two months, meaning that the general budget will be for a period of three months, which is beneficial."
He explained that "the government will continue to spend money and salaries through the State Administration Law 1/12, but it reduced speculative oil prices to $ 30 instead of $ 56 last year as well as relying on the law of external and internal borrowing to provide money and bridge the deficit."




https://www.thebaghdadpost.com/ar/Story/197231/%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%AA%D8%AA%D8%AC%D9%87-%D9%84%D8%A5%D9%84%D8%BA%D8%A7%D8%A1-%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-2020-%D9%88-%D8%AA%D8%AE%D9%81%D8%B6-%D8%A7%D9%84%D8%B3%D8%B9%D8%B1-%D8%A7%D9%84%D8%AA%D8%AE%D9%85%D9%8A%D9%86%D9%8A-%D9%84%D9%84%D9%86%D9%81%D8%B7-%D8%A5%D9%84%D9%89-30-%D8%AF%D9%88%D9%84%D8%A7%D8%B1%D8%A7
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Parliamentary Finance - Page 3 Empty Finance Minister: Austerity policy may continue for two years

Post by claud39 on Tue Jun 23, 2020 1:13 pm

 Finance Minister: Austerity policy may continue for two years


23/06/2020



Parliamentary Finance - Page 3 21592



Economy News - Baghdad:




Finance Minister Ali Allawi warned that the Iraqi economy may face "shocks that we will not be able to deal with" unless reform measures are adopted in less than a year.


"Reform is necessary," said Allawi (73 years), who was tasked with stabilizing the Iraqi economy after the collapse of crude oil prices, which cut the state revenue by half.


He added in an interview with Agence France-Presse, "If we do not adjust matters during this year, we may face shocks that we will not be able to deal with," while expectations indicate that the Iraqi economy will face a 10 percent contraction this year.


Allawi, who was also finance minister during the transitional government’s period between 2005 and 2006, indicated that the situation today is "worse" because Baghdad faces an "existential economic situation".
At that point, the price of a barrel of oil was approximately $ 35, but the number of state employees was less than a million.


Today there are more than four million employees, and many other Iraqis who are paid salaries and pensions. This means a monthly sum of between four and five billion dollars.


With one out of every five Iraqis receiving government aid, the bill becomes heavier for the country that depends on paying all its expenditures on oil whose prices collapsed months ago with a severe shortage of demand for it.


According to Allawi, the government must pay the salaries of June and July, on time, by borrowing from government banks.


But he warned that these measures are possible for a short period, otherwise "they will affect the price structure, and consequently on inflation, which in turn will affect the exchange rate and the reserve in the central bank."


He added that in the face of the expenditures that have increased over the years, the government found the treasury empty, after 17 years of the American invasion that toppled Saddam Hussein's regime and established a new political system that was shattered by corruption and cronyism, and placed Iraq in the high ranks among the list of the most corrupt countries in the world.


Allawi said inside his home in Baghdad, "The government is supposed to have one and a half months of expenditures before they face crises."


He added, "We were supposed to have liquidity between ten to 15 trillion dinars, but the treasury contained only two trillion dinars."


Experts today, including Allawi, believe that the entire financial system of Iraq, the second largest oil producer in OPEC, must be reviewed.
 
Allawi said that 40 million Iraqis will have to submit to a strict austerity policy that may last for "two years."
 
In addition, the authorities will address gaps in the spending schedule, especially with regard to multiple salaries or "aliens" as they are called, and they are registered in the payroll without working.
 
- Oil and confidence -
 
At the government level, long-awaited promises to diversify the economy, not to make the country's fate dependent on global crude markets, and start discussions with the World Bank and the International Monetary Fund will have to be implemented.
 
Allawi stressed that "if the price of oil continues at this level for a year, and spending remains the same, undoubtedly we will collide with a wall. We cannot run a country, especially from the economic side, with only hope that the oil prices will rise to cover the expenses."
 
The question is: Can a transitional government, formed during the most dangerous social crisis in the country, undertake a complete reform of the economy?
 
Although Allawi experienced a similar crisis in 2005, this time he acknowledged that the crisis of confidence between citizens and the authority widened, after six months of an unprecedented popular uprising that was suppressed by force by the previous government of Adel Abdul Mahdi.
 
Indeed, at the beginning of the current month of June, when pensions were deducted in the first steps of the government austerity policy, the protest was unanimous against Allawi and Prime Minister Mustafa Al-Kazemi, even within the parliament that is usually entrusted with approving reforms, especially fighting corruption that led to more evaporation. Of $ 450 billion in public money since 2003.




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Parliamentary Finance - Page 3 Empty Parliamentary Finance: This month, there will be no deduction in employee salaries

Post by claud39 on Wed Jun 24, 2020 10:28 am

Parliamentary Finance: This month, there will be no deduction in employee salaries


24/06/2020



Parliamentary Finance - Page 3 21618





Economy News _ Baghdad



The Parliamentary Finance Committee indicated, on Wednesday, that the current month will not witness a deduction from the employees ’salaries, pointing out that the Executive Authority has spoken of a new burdensome or salary scale that will be implemented in the future and includes all employees.

Committee member Haneen Al-Qaddou said in a press interview that "the coming period will not witness a deduction in the salaries of employees, and Parliament is determined to legislate the borrowing law in order to overcome the current crisis."

He added that "the financial committee exercises its duty to exercise control and legislate laws and is not responsible for deducting salaries or not, as these decisions are within the authority of the executive authority."

And that "the Finance Minister is likely to have talked about one salary scale that includes all employees, and that will be organized in the future. As for the current month, he will not witness a deduction of salaries."





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Parliamentary Finance - Page 3 Empty Parliamentary economics are surprised by the silence of trade by not distributing the ration card items for four months

Post by claud39 on Thu Jun 25, 2020 10:59 am

Parliamentary economics are surprised by the silence of trade by not distributing the ration card items for four months


25/06/2020





Parliamentary Finance - Page 3 21660




Economy News _ Baghdad



On Thursday, a member of the Parliamentary Committee on Economy and Investment, Ali Ghawi, expressed surprise at the Ministry of Commerce's silence regarding the distribution of ration card items four months ago.

Ghazi said in a press statement, "We are surprised by the distribution of the January share and a separate month," noting that "the citizen pays financial sums for the ration card items that have not been delivered to their beneficiaries for four months."

Ghawi asked about the "real reason behind the Ministry of Commerce's failure to launch the ration card items."

A member of the Parliamentary Commission on Economy and Investment called on the House of Representatives to "take its real role in holding the Ministry of Trade accountable for the reason behind disrupting the distribution of ration card items." 







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Parliamentary Finance - Page 3 Empty The Minister of Finance reveals the government's plans to face the financial crisis

Post by claud39 on Thu Jun 25, 2020 12:22 pm

[size=36]The Minister of Finance reveals the government's plans to face the financial crisis[/size]






25/06/2020








Parliamentary Finance - Page 3 162562020_front-240520-iraq




Baghdad- Mawazine News


On Thursday, Finance Minister Ali Abdul Amir Allawi revealed the government's plans to tackle the country's financial crisis.

Allawi said, according to the official agency, "The main financial challenges are the loss of other revenues except oil, for oil gives us approximately 92 percent of the state's revenues, and we do not have any other revenue. The state, its finances, and Iraq as a whole are based on oil prices."

He added that "the deficit is due to the fact that the state's expenditures are much more than its revenues, and that is why we are trying to cut spending and stop waste and stop corruption operations, but despite that the deficit exists and as a result we will go to borrowing, when Parliament agrees to that," noting that "borrowing will be in the term Short and not a permanent solution. "

He pointed out that "the investment environment in Iraq is incomplete and not fit to receive foreign and Iraqi investors as well, because without Iraqi investors foreign investors will not come, now the most important thing we have is to stimulate self-employment, and to motivate the Iraqi private sector, then foreigners, and we will seek to raise obstacles and restrictions during the period of this government 


Ended on 29 / h


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Parliamentary Finance - Page 3 Empty Parliamentary Finance threatens to file a class action lawsuit against the "K-Card" because of the rates of salary cuts

Post by claud39 on Fri Jun 26, 2020 11:41 am

Parliamentary Finance threatens to file a class action lawsuit against the "K-Card" because of the rates of salary cuts






26-06-2020





Parliamentary Finance - Page 3 Image



Baghdad / Al-Ikhbaria:

The Parliamentary Finance Committee alerted, Friday, the electronic payment card companies of the danger of continuing to cut the salaries of state employees and retirees in greater proportions than scheduled.


Committee member Mohamed Sahib Al-Daraji said in a statement received by Al-Akhbariya that “brothers and sisters are retired, social protection salaries and employees from the fifth to the tenth grade” -
adding, “Please pay attention to the deductions that are deducted from your salaries by e-payment card companies where they should That is not more than the decision in the instructions of the Central Bank, which is 6 per thousand (0.6%) of the salary, as shown in the table below.


He explained that "in the case of deduction more than the prescribed percentage, we are ready to help in filing a collective complaint against these companies in the competent courts to compel them to comply with the instructions provided that every person who provided the disbursement of the receipt of his salary and deduction and his triple name and address of housing and phone number."


Salary withholding


less than 400 thousand dinars 2000 dinars
400 thousand dinars 2500 dinars
450 thousand dinars 2750 dinars
500 thousand dinars. 3000 dinars
600 thousand dinars. 3600 dinars
700 thousand dinars 4200 dinars
800 thousand dinars 4800 dinars
900 thousand dinars 5400 dinars
million dinars. 6000 dinars
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Parliamentary Finance - Page 3 Empty Iraq announces an economic reform program that includes maximizing tax and customs revenues

Post by claud39 on Sat Jun 27, 2020 12:11 pm

Iraq announces an economic reform program that includes maximizing tax and customs revenues


June 27, 2020





Parliamentary Finance - Page 3 1024






Direct: The Iraqi Deputy Prime Minister and Minister of Finance, Ali Abdul-Amir Allawi, announced that the government is in the process of forming a complete and integrated program to reform and advance the economy.

Allawi said to the Iraqi News Agency (conscious), today, Saturday, that this program will be presented to the House of Representatives during the next three months and will be comprehensive.

The Minister of Finance pointed out that the plans in the program will address all sectors of the economy and the productive and service sectors.

Allawi added that the program includes enhancing the state’s revenues from other sources such as: customs, taxes, direct and halting waste, as well as the process of removing the throttle from the economy, stressing that the government will enhance and strengthen the activity of the private sector, because its growth will provide jobs and increase local production.


Nominations









https://www.mubasher.info/news/3659724/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%B9%D9%84%D9%86-%D8%A8%D8%B1%D9%86%D8%A7%D9%85%D8%AC-%D8%A5%D8%B5%D9%84%D8%A7%D8%AD-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%8A%D8%AA%D8%B6%D9%85%D9%86-%D8%AA%D8%B9%D8%B8%D9%8A%D9%85-%D8%A5%D9%8A%D8%B1%D8%A7%D8%AF%D8%A7%D8%AA-%D8%A7%D9%84%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8-%D9%88%D8%A7%D9%84%D8%AC%D9%85%D8%A7%D8%B1%D9%83/
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Parliamentary Finance - Page 3 Empty Parliamentary finance is surprised by the lack of payment of salaries of employees, despite the provision of liquidity

Post by claud39 on Mon Jun 29, 2020 7:42 pm



[rtl]Parliamentary finance is surprised by the lack of payment of salaries of employees, despite the provision of liquidity[/rtl]







6/29/2020 



Parliamentary Finance - Page 3 Story_img_5efa1918c6b4e


Ayna News - Baghdad

Member of Parliamentary Finance Committee MP Ahmad Al-Saffar confirmed on Monday that the reasons for delaying the salaries of state employees are unknown to the committee despite the availability of funds in Iraqi banks.

Al-Saffar said, "It is assumed that the salary payment instruction should start since the passage of the internal and external borrowing law because the law is in effect from the time of formal voting in Parliament, in addition to that there is an official directive from the government to the Ministry of Finance to expedite the disbursement."

He added, "The financial liquidity is in the banks, but we do not yet know why the Ministry of Finance was late in spending it," expressing his hope to "expedite the payment of salaries at the earliest opportunity possible, especially as millions depend on them for their livelihoods."


The House of Representatives was closer last Wednesday to the internal and external borrowing law to give more room to the government to secure the payment of salaries to state employees.




http://www.alliraqnews.com/modules/news/article.php?storyid=94878
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Parliamentary Finance - Page 3 Empty Parliamentary finance talks about a risk that threatens the central bank's foreign currency reserves

Post by claud39 on Mon Jun 29, 2020 8:37 pm

[size=41]Parliamentary finance talks about a risk that threatens the central bank's foreign currency reserves[/size]










Parliamentary Finance - Page 3 %D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-1










A member of the Parliamentary Finance Committee, Ahmed Al-Saffar, said today, Monday, that the Central Bank of Iraq succeeded in light of the global crisis caused by the collapse of oil prices, while stressing that the window to sell the dollar currently constitutes a threat to the bank's reserves.

Ahmed Al-Saffar said, “The value of what is sold from the dollar within the window of the Central Bank of Iraq is much greater than the proceeds from the sale of crude oil, given that the latter is the most important source of hard currency in the country, and therefore the window actually affects the monetary reserve despite the fact that this money goes on the basis of support Importers according to the official papers provided by banks that participate in the currency auction

Al-Saffar added, “With a calculation between what is sold from the dollar through the currency, and what is received through selling the dollar, it reveals a big difference that really affects the cash reserve, but the latter, according to his policy, tries to maintain the dollar’s ​​exchange rate against the Iraqi dinar, because any reduction It will raise the value of the dollar and reduce the dinar, and consequently, the prices will rise. He is trying to create a balance between the price of the dinar and the reserve value

A member of the Parliamentary Finance Committee confirmed that “the central bank is an independent institution, and it is not possible to interfere in its monetary policy. It succeeded in the last period because it maintained the rate of inflation and the exchange rate of the dollar after the collapse of international oil prices and its accompanying repercussions in the health crisis

He pointed out that "the situation of Iraq is better than the neighboring countries, some of which collapsed currencies," noting that "the Central Bank policy is particularly good and made sure that people with limited incomes and those with daily wages are not affected by inflation or high prices in the markets."







https://yaum8.com/2020/06/29/%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%AA%D8%AD%D8%AF%D8%AB-%D8%B9%D9%86-%D8%AE%D9%80-%D9%80%D8%B7%D8%B1-%D9%8A%D9%87%D9%80-%D9%80%D8%AF/
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Parliamentary Finance - Page 3 Empty The Finance Committee proposes to adopt a semi-annual budget

Post by claud39 on Wed Jul 01, 2020 9:36 am

The Finance Committee proposes to adopt a semi-annual budget




01/07/2020



Parliamentary Finance - Page 3 10484





The Economy News - Baghdad



The Parliamentary Finance Committee asked the federal government to prepare a semi-annual budget and send it to the House of Representatives for approval, in order to run the country's financial affairs.

The committee’s rapporteur, Ahmed Al-Saffar, said, in a statement reported by the official “Al-Sabah” newspaper and seen by Al-Iqtisad News, that “the committee was waiting for the government to send the budget to the parliament yesterday, Tuesday 6/30 according to the scheduled date.”

Al-Saffar added that "after delaying the budget, the government will rely on the monthly interim budget 1/12", stressing, "The government may not rely on the 12/12 monthly budget for 2019, because the disbursement and revenue process needs a legal cover represented by the budget law."

He explained that "either a monthly budget is passed, or a bi-annual budget law is sent for approval in the House of Representatives."

Al-Saffar pointed out that "work without a headquarters budget law will not allow the parliament to exercise its oversight role over exchange and revenue, so we are waiting for the government’s opinion," noting that "legal solutions lie in the approval law, which is not a substitute for the budget, so the committee agreed to Approving the budget so that the government can provide liquidity to implement its obligations, and that what is related to spending and revenue must have a legal cover. "

The decision of the Finance Committee, Ahmed Al-Saffar stressed that "the implementation of Law 12/1 is not permissible in such circumstances, because the general situation of the country differed, and everything related to revenues, oil prices and exchange gates also changed, therefore, without approving a budget, the government is not entitled to receive any revenue , And the only legal cover is the budget law. "

He said that "the committee communicates with each other via the Internet because of the health status of the Corona pandemic and the disruption of the council." Of the investment approved by the House of Representatives within the borrowing law, and up to 15 percent of the amounts borrowed for ongoing projects in the 2019 Budget Law, and approved in the House of Representatives, with work to prepare the budget of 2021, both operational and investment, and that is the legal solution.

Al-Saffar reiterated that "the government should focus on the operational side of the semi-annual budget, as well as focus on the investment side for 2020 relocating to the budget of 2021, and that the government start preparing a draft budget for 2021."

It is reported that yesterday, Tuesday, June 30, the supposed legal period for sending the general budget to 2020 to parliament expired without accomplishing this, so that parliamentary requests to prepare it for six months or a month only come.



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Parliamentary Finance - Page 3 Empty Parliamentary Finance: There is no trend to deduct employee salaries

Post by claud39 on Thu Jul 02, 2020 11:42 am

 Parliamentary Finance: There is no trend to deduct employee salaries


02/07/2020





Parliamentary Finance - Page 3 21738







Economy News _ Baghdad



The Parliamentary Finance Committee indicated, on Thursday, that the salaries of employees will not witness deduction as it was promoted, pointing out that the financial crisis will be overcome through the control of non-oil imports.

Member of the committee Haneen Al-Qaddou said in a press statement, "The issue of deduction of employees salaries has ended and there is no trend in this regard, especially since Parliament rejected this, especially for last June."

He added that "there is great doubt that the budget is submitted by the government to the parliament, and there are speculative figures on imports every month and we may reach the end of this year with a deficit of nearly 40 trillion dinars."

Al-Kiddo explained, "Overcoming the crisis is subject to pressure on the border outlets, customs, collecting electricity and entering other imports into the state treasury, because the deficit will be reduced to reasonable limits."





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Parliamentary Finance - Page 3 Empty Parliamentary Economy: Border crossing revenue is $ 10 billion annually, of which only one billion is earned

Post by claud39 on Sat Jul 04, 2020 7:15 pm

Parliamentary Economy: Border crossing revenue is $ 10 billion annually, of which only one billion is earned


04/07/2020







Parliamentary Finance - Page 3 21770





Economy News _ Baghdad



Member of the Parliamentary Economy and Investment Committee Mazen Al-Faili said on Saturday that the border outlets in Iraq achieve annual financial revenues of $ 10 billion, but only one billion are earned.

Al-Faili said in a statement received by "Al-Iqtisad News", "We stress the government taking quick steps and effective measures in collecting the revenues of the outlets, whose realistic amount is at least ten billion dollars at least annually, but it is actually obtained not to exceed one billion dollars."

He pointed out that "finding solutions for this economic facility is not limited to providing significant and important revenues that revive the public budget only, but also contributes to the revitalization of the industrial and agricultural sector and the protection of the national product and what is required by providing additional job opportunities for Iraqi youth and stopping the flow of hard currency to import these materials, not to mention the fact that the government's success In imposing the rule of law on the outlets, it will restore confidence in the rest of the state’s institutions and departments and motivate them to adopt firm oversight activities in the face of corruption and corrupt people in various state locations.

In this regard, Al-Fili proposed a set of mechanisms and steps, the most important of which are:

1- Adopting governance (the electronic system for collecting customs duties) in a comprehensive management of all outlets, to ensure accurate monitoring and responsible follow-up in the full collection of revenues.

2- Subjecting all ports to the administration of the federal authority.

3- Appointing an honest and efficient field administration

Each outlet and supports the deployment of elite security forces that protect their sound decisions and block the way for any groups that interfere with the work of the ports and their revenues.

4- Close the unlicensed ports and crossings that operate outside the control of the state and the law

5- Reconsidering granting exemptions from customs, as regulatory reports indicate that they are exploited by persons and entities not legally covered, and exemptions are supposed to reduce to the maximum extent possible, and that customs duties are met by everyone in the outlets and after verification in the center of the validity of their inclusion in the exemption The statutory refund to them at the withheld customs fees.

6- That the process of payment of imported goods' duties, fees and taxes be completed upon the contracting process or if merchants purchase hard currency from the currency auction to reach these goods to the outlet and they meet all of their conditions.

7 - Regulating import licenses and matching them with incoming goods and commodities to prevent tampering with the quality of goods or exchanging them in customs fee transactions, which results in reducing fees imposed on them.

8- Connecting all outlets to a national control center in Baghdad by means of a camera system that covers the work and activity of employees in the outlets to detect any tampering with the passage of goods.





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Parliamentary Finance - Page 3 Empty A deputy talks about employee salaries for the next three months

Post by claud39 on Sun Jul 05, 2020 10:59 am

A deputy talks about employee salaries for the next three months


05/07/2020


Parliamentary Finance - Page 3 21782




Economy News _ Baghdad

Member of Parliamentary Finance Committee MP Mohammed Al-Daradji confirmed on Sunday that there will be no delay in delivering salaries in the next three months, while he indicated that he is awaiting the reform plan promised by the Minister of Finance to avoid economic and financial crises.



Daraji said in a statement, "The Economy News" received a copy of it, "There is no validity in the delay in salaries due to the delay in converting the currency. 

The basis for this is that the cash at the central bank has been released to the main banks (Al-Rafidain, Al-Rasheed and TBI), and a notification is required from the Ministry of Finance to the mentioned banks to release the salaries of employees.

 
He added that "there will be no problem during the next three months because of the presence of internal borrowing," noting that "we are looking at oil prices and the reform plan that the Minister of Finance promised to present."





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Parliamentary Finance - Page 3 Empty Parliamentary finance reveals the amount the state spends every month on double salaries and space

Post by claud39 on Tue Jul 07, 2020 10:19 am

Parliamentary finance reveals the amount the state spends every month on double salaries and space


07/07/2020



Parliamentary Finance - Page 3 21800







Economy News _ Baghdad



Parliamentary Finance Committee affirmed, on Tuesday, that space and double-salaries cost the state up to two billion dollars a month.

Member of the Parliamentary Finance Committee Jamal Kujer said, in a statement to government media, that "the government faces great challenges if it wants to start with its reform steps, as it started with double salaries, and it must start controlling the border outlets and confine arms to the state, and these are important matters to attract investments." Noting that "aliens and dual-salaries cost the state about two billion dollars a month, forcing it to secure 5.5 billion dollars a month for salaries only."

 
He added, "Parliament has set 60 days for the government to present its reforms in which it needs the support of parliament, and the only obstacle that can hinder its steps is the presence of people and parties who do not want the government to proceed with reforms, so it must request the support of Parliament in its reform steps, which are The best opportunity to prove to the people and the authority that it came to the reforms. "

 
He continued, "The Prime Minister started with double salaries and aliens, and now he will proceed with the reform of the ports file, which has begun to take shape, and we hope that this file will be completed because it is essential. And the expulsion of aliens and the unification of salaries with one salary, will reduce about 2 billion dollars per month, and the government will have to secure 3 and a half billion dollars in salaries. "







http://economy-news.net/content.php?id=20943
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Parliamentary Finance - Page 3 Empty Parliamentary finance excludes the provision of a budget for the current year in light of the low oil prices

Post by claud39 on Thu Jul 09, 2020 10:14 am

Parliamentary finance excludes the provision of a budget for the current year in light of the low oil prices


09/07/2020





Parliamentary Finance - Page 3 21836







Economy News _ Baghdad



Members of the Parliamentary Finance Committee ruled out passing the budget for the current year, stressing that low oil prices would create a large budget deficit if approved.

Committee member Jamal Kuger said in a press statement, "The government will not be able to provide a budget for the current year," noting that "the monthly revenue of the last two months amounted to $ 2.8 billion, while Iraq needs a monthly $ 7 billion operating budget as a minimum."

He indicated that "there are moves to prepare for the 2021 budget, as this should be since last May."

For his part, member of the Parliamentary Finance Committee, Ahmed Hama Rashid, affirmed that "the budget for the current year cannot be passed in light of the low oil prices, as the law does not allow the passage of a budget with a deficit of 30 percent." 







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Parliamentary Finance - Page 3 Empty Parliamentary Economy: This is what the government needs to return the stolen money

Post by claud39 on Thu Jul 09, 2020 1:52 pm

[size=36]Parliamentary Economy: This is what the government needs to return the stolen money[/size]






 09/07/2020







Parliamentary Finance - Page 3 16972020_790980

Baghdad - Mawazine News,



The Parliamentary Commission on Economy and Investment confirmed, Thursday, that the government needs four important steps to return the looted funds from Iraq after 2003.


The committee member, MP Ahmed Hama Rashid, said that "recovering the looted funds needs several elements, the first of which is the judiciary in the government Each of Baghdad and the Kurdistan region, secondly, legislation envisages seizing the funds that were looted after 2003 and returning them to the state treasury, thirdly, cooperating with the global SWIFT system to uncover the place where the looted funds went and where they settled and in the interest of those who were invested.


Rashid added, "The recovery of the looted funds to the state treasury needs cooperation and coordination between Baghdad and all the countries that have money for Iraq," noting that "all the government's attempts to recover the looted funds for more than 17 years are shy and have not lived up to the size of the economic disaster the country is going through." Today".


And on the amount of money that was looted from Iraq after 2003 and until now, Rashid stressed, "Iraq does not have accurate figures for the amount of money stolen." 



Ended 6/29 n




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Parliamentary Finance - Page 3 Empty Parliament Finance: A Consolidated Reform Paper to Promote the National Economy

Post by claud39 on Thu Jul 09, 2020 5:32 pm

[size=36][rtl]Parliament Finance: A Consolidated Reform Paper to Promote the National Economy[/rtl][/size]




Thursday 09 July 2020





Parliamentary Finance - Page 3 Alsabaah-39515










 Baghdad / Farah Al-Khaffaf
 
Nothing is louder than the sound of reforms these days after the government headed by Prime Minister Mustafa Al-Kazemi announced a map of reforms under the name of the White Paper.


This paper, which will be organized in the law of economic and financial reform, has won popular and parliamentary praises, pending their completion and submission to start implementing them on the ground.



Bilateral meetings



With the start of preparing them, the Parliamentary Finance Committee revealed directions for holding meetings with the responsible executive bodies to ripen visions and ideas between the two authorities to come out with a unified paper that contributes to the advancement of the national economy.



In this regard, the committee’s rapporteur, Dr. Ahmed Al-Saffar, said in a special statement to “Al-Sabah”:



 “The solution lies in comprehensive restructuring and reform that includes all sources of oil and non-oil revenues, i.e. maximizing revenue on the one hand, and on the other hand, following up on public expenditures that do not achieve justice "In the distribution, it must be restructured."



Prime Minister Mustafa Al-Kazemi announced that his government prepared a white paper for the expected reforms that includes economic, financial and administrative reforms, plans and strategies to meet the challenges facing the country.



 

Uniform paper



Al-Saffar added, "The House of Representatives gave the government a 60-day period to present a comprehensive reform paper for revenues and expenditures in Iraq," noting that "the Finance Committee made several proposals in another paper, and we look forward to organizing meetings through a closed television circle with the government to discuss the two papers, and come up with solutions to restore Structuring and reforming the economic and financial system in Iraq within a unified paper.
 



Maximizing imports



The Parliamentary Committee had revealed a plan to maximize financial imports and activate the economic sector.



Member of the Committee, MP Hussein Al-Oqabi said: “The House of Representatives gave the government 60 days to present an integrated plan to tackle the economic issue. ».



Al-Aqabi added that «the strategic plan should focus on measures to enhance non-oil revenues and reduce the rate of dependence on oil revenues according to steady steps until we reach a normal rate similar to the countries of the region, which depend on oil revenues by 50% or less and have 50% of revenue other than Oil », indicating that« this plan must be defined by time ceilings, and be multi-domains, not only tax and other areas, but other economic areas ».



He explained in a statement to "conscious" that "the state spends approximately 10 to 15 percent of its revenues on the gas and oil derivatives sectors, as well as in the sectors of trade and agriculture", calling for "the provision of security and the authority of the state and the law to provide the appropriate environment to attract foreign investment in these sectors" , According to a time limit within a general and expanded map.
 



Finance Committee meeting



Meanwhile, member of the Parliamentary Finance Committee MP Majida Al-Tamimi announced her committee’s intention to discuss six axes, the most prominent of which is the amendment of the retirement law and the dues of holders of higher degrees.



In a statement, Al-Tamimi said that she «submitted a request to the Finance Committee to discuss six important axes, which have a direct impact on the lives of citizens to take decisive action on them». She added, “The six axes include, first: the second amendment to the Unified Retirement Law No. 9 of 2014 and the detailed report that I submitted, second: the dues of free lecturers, third: the dues of holders of higher degrees, fourth: the salaries of those transferred to other ministries, and fifth: the appointment of the first students Sixth: Adding other axes by the members of the Finance Committee.



Al-Tamimi indicated that «a proposal to amend the retirement law has been submitted to the Presidency of the House of Representatives and transferred to the Finance Committee during last June», stressing «the importance of continuing the work of parliamentary committees and the adoption of technology to continue to hold regular sessions and meetings to develop solutions to the problems suffered by citizens, especially Related to their livelihoods. ”



Al-Tamimi stressed «the necessity of spending financial dues in its timing and taking into account the difficult conditions that he is going through 
Citizen ».






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Parliamentary Finance - Page 3 Empty Parliamentary Finance: The Borrowing Law obliges the government to conduct a census of employees

Post by claud39 on Fri Jul 10, 2020 4:54 pm

[size=30]Parliamentary Finance: The Borrowing Law obliges the government to conduct a census of employees[/size]




2020.07.09





Parliamentary Finance - Page 3 605aa5c66-35015-202007090940










Baghdad - people 

 

A member of the Parliamentary Finance Committee, Adnan Al-Zarfi, affirmed on Thursday that there is a clause in the borrowing law that obliges the government to take the fingerprints of all employees and issue a barometric card showing their true number. 

 

"The fingerprints of the employees intersect in the fingerprint engine, which in turn will reveal whether the employee receives more than one salary," Al-Zrafi said in a statement to the official agency, followed by "NAS" (July 9, 2020). 

 

He added, "The Finance Committee will not be an audit of names, rather it will draw up a strategy and obligate the state to implement it," noting that "the committee has written to the Executive Authority to enact the law, and that it is awaiting transfer to the sectoral authorities for implementation by the competent authorities."

  

Al-Zorfi affirmed, "The inclusion of all ministries and agencies with a count of the number of employees, their job addresses and their financial entitlements," noting that "this strategy is a serious attempt to limit the number of employees to one government program that is subject to the supervision of the competent sectors, such as the Federal Service Council in the Ministry of Finance and the Ministry of Planning," indicating that "According to this system, ministries begin to study the number of employees, the need for them, their movements and their financial allocations, in all governorates, including the provinces of the Kurdistan Region."  



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Parliamentary Finance - Page 3 Empty Al-Kazemi provides two justifications for not sending the parliamentary budget and finance. She replies: Not convincing!

Post by claud39 on Mon Jul 13, 2020 9:41 pm

Al-Kazemi provides two justifications for not sending the parliamentary budget and finance. She replies: Not convincing!




07/13/2020





Parliamentary Finance - Page 3 21890





Economy News _ Baghdad



The Parliamentary Finance Committee announced, on Monday, its refusal to continue approving huge budgets without reviewing the final accounts for the year 2020, while it revealed the reasons for not sending the draft budget law for the year 2020 to the House of Representatives.

"The Iraqi government does not want to send a draft budget bill for the year 2020 to the House of Representatives," committee member Jamal Cougar said in a press statement.

Cougar added, “When we inquired from the Prime Minister, we were informed of our unconvincing matter, the first related to the Financial Management Law and secondly to the total financial deficit, which amounted to more than 65% of the budget.”

He pointed out that "the Iraqi government started preparing the budget of 2021 according to the Prime Minister's statement to the members of the Finance Committee," pointing out that his committee "refuses to initiate the approval of the budget of 2021 without reviewing the final accounts for the year 2020 after study and audit." 





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Parliamentary Finance - Page 3 Empty Parliamentary Finance: Yesterday's meeting was consultative and did not produce any results

Post by claud39 on Thu Jul 16, 2020 2:27 pm

Parliamentary Finance: Yesterday's meeting was consultative and did not produce any results






 07/16/2020





Parliamentary Finance - Page 3 %D8%AC%D9%85%D8%A7%D9%84-%D9%83%D9%88%D8%AC%D8%B1-696x522









Information / Baghdad ..

Parliamentary Finance Committee confirmed, Thursday, that yesterday's meeting was consultative to discuss issues of the results of some of the committees formed by the committee, indicating that “the committee will continue its meetings after the end of the legislative holiday.

Member of the Committee, Representative Jamal Cougar, said in a statement to "Information", the House of Representatives and its committees are currently suspended due to the parliament enjoying the legislative holiday, but the Finance Committee held yesterday a consultative meeting on talking about several issues.

He added, “The meeting did not come out with decisions because it was a consultative meeting, as the articles that were to be amended by the retirement law were talked about, especially in terms of the financial aspect. Also, some of the results of the committees set up by the committee were presented, and then the government dealt with the borrowed amounts and followed up with the government’s loan request from International Monetary Fund. ” 


Ended in / 25 pm



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Parliamentary Finance - Page 3 Empty "Finance" puts a mechanism to determine the deficit in the budget of 2021 in Iraq

Post by claud39 on Fri Jul 17, 2020 4:28 pm

"Finance" puts a mechanism to determine the deficit in the budget of 2021 in Iraq







07/17 2020





Parliamentary Finance - Page 3 %D9%81%D9%84%D9%88%D8%B3-%D9%86%D9%82%D9%88%D8%AF-money-jpeg1










Shafaq News / The Parliamentary Finance Committee confirmed on Friday that the fiscal deficit of the draft budget law for the year 2021 is estimated according to financial revenues and oil prices.



"The committee will monitor oil prices, reform processes for government departments and institutions and maximize resources," committee member Jamal Cougar told Shafaq News, explaining that "these three points will significantly affect the value of the fiscal deficit in the General Budget Law of 2021."



He added that "the important and final point is to correct the process of structuring ministries, departments and institutions in reducing expenses and increasing austerity," noting that "this will help reduce the value of the fiscal deficit in the budget."



Cougar noted that "the fiscal deficit is estimated according to financial revenues and oil prices during the coming period."



And regarding the preparation of the budget, between Cougar, that "according to the Financial Management Law, the Ministry of Finance should direct the preparation and construction of the draft general budget for the year 2021".



And the Iraqi Finance Minister Ali Abdel Amir Allawi, earlier, ruled out the approval of the general budget for 2020 and confirmed his ministry is working on preparing for the budget in 2021.



It is noteworthy that the transmission of the federal budget for the year 2020 by the government to the Iraqi parliament has been delayed due to the continuous protests since last October, which led to the resignation of the previous government headed by Adel Abdul-Mahdi and its transformation into a caretaker government that is not authorized to send a draft budget budget to the parliament .



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Parliamentary Finance - Page 3 Empty Representatives Naji Al-Saeedi and Inaam Al-Khuzaie adopt the amendment of the Financial Management Law and emphasized a monthly budget

Post by claud39 on Sun Jul 19, 2020 11:02 am

[size=32]Representatives Naji Al-Saeedi and Inaam Al-Khuzaie adopt the amendment of the Financial Management Law and emphasized a monthly budget[/size]







 7/18/2020

Parliamentary Finance - Page 3 HeaderDesign


Attorney Dr. Naji Al-Saeedi and Dr. Inaam Al-Khuzai emphasized on Saturday 7/18/2020 the importance of reviewing the Financial Management Law of 2019 to serve the interest of Iraq first and foremost.


Al-Saeidy explained that despite all the observations raised by deputies and specialists in the economic affairs in order to correct and mature the Financial Management Law No. 6 of 2019 in order to achieve the highest economic goals in Iraq, but the law and with the initial application of its paragraphs, the financial obstacles began to emerge in a serious and visible way.


Dr. Inaam Al-Khuza’i that Article 13 / Firstly states that “in the event that the approval of the federal budget is delayed until December 31 of the year preceding the year of preparing the budget, the Minister of Finance issues generalities according to the following: First: spending at (1/12) or less of the total expenses Actual current expenditures for the previous fiscal year after excluding non-recurring expenses, on a monthly basis and until the approval of the federal budget.


Al-Saeedi explained that it is taken on this article that paragraphs should be put in place to ensure the implementation of the general budget without procrastination and delay due to its association with the interests of the citizen, not to open loopholes that allow the budget not to be passed at all, especially since the political situation in the country may affect the rejection or acceptance of the budget for reasons that may not be objective.


Dr. Al-Khuza’i said that the previous budget’s data for the coming year cannot be approved under any considerations, given the privacy of public expenditures and revenues, given that the federal public budget is exposed to oil in a significant way and is a volatile commodity and its future trends cannot be guaranteed, especially as the regional and global situation of energy markets warns of disturbing paths in terms of Prices and export outlets.


In the light of that proposed MPs Khuzai Saidi two things : the first amendment of Article (13) / in the law of financial management through the replacement of the first paragraph mentioned above as follows:

in the event of the failure of the government to send a draft general budget bill within the time timings for any reason, and the late adoption of the federal budget Until December 31 of the year preceding the budget year, the Minister of Finance issues a bill approving the monthly budget for financial adjustment with available government revenues on one side and ensuring that public expenditures are controlled within the capabilities available on the other.



And because Article 55 of the new Financial Management Law stipulates: (The Accounting Assets Law No. 28 of 1940 and Appendix A to Financial Management issued pursuant to the dissolved CPA Order No. 95 of 2004 are canceled and Appendix B to the public debt remains pending the issuance of a special law It replaces it and does not work with any law that contradicts the provisions of this law), which means the continuation of the aforementioned public debt law, as Al-
Khuzaie emphasized the review of the structure and content of the effective debt management law. As there is no justification for adopting a financial management law that is devoid of a government debt law, even though the latter is part of the first.



In addition to the necessity for the Financial Management Law to include a special article on public debt ceilings to curb the government’s internal and external borrowing and flood the economy with large sovereign debts that exhaust the generations and mortgage the country’s sovereignty abroad.


Accordingly, I suggested limiting the ratio of debt to gross domestic product from internal borrowing not to exceed (60%) and external borrowing does not exceed 40% of gross domestic product to ensure that governments do not continue to flood the country with heavy internal and external debts.


Media Department
House of Representatives
7/18/2020



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Parliamentary Finance - Page 3 Empty Parliamentary finance is "dissatisfied" with the ministry: it has cash and does not release salaries

Post by claud39 on Wed Jul 22, 2020 12:59 pm

Parliamentary finance is "dissatisfied" with the ministry: it has cash and does not release salaries



7/22/2020





Parliamentary Finance - Page 3 Money-%D9%86%D9%82%D9%88%D8%AF












Shafaq News / The Parliamentary Finance Committee expressed, on Wednesday, its dissatisfaction with the status of the ministry, accusing it of "not cooperating or responding".



The committee’s rapporteur, Ahmed Al-Saffar, told Shafaq News, “The Parliamentary Finance Committee does not know anything about the government’s situation and communicates with officials in the Ministry of Finance without a response,” noting that ministry officials are “taking advantage of the Corona pandemic and not holding parliament’s sessions.”



He added that "after the parliament approved the domestic and foreign borrowing law to fill the fiscal deficit for the year 2020, the government is supposed to prepare the reform paper within 60 days and send it to the parliament," stressing that "Parliament will not pass the borrowing law again."



Al-Saffar continued, "The delay in launching and disbursing the salaries of employees has no justification, especially after the availability of financial liquidity and the Central Bank's confirmation of securing the three-month salaries."



Al-Saffar expressed his surprise, "by sending a notice to government banks with the delay in the payment of employee salaries for the month of July."



An official source said, earlier today, Wednesday, that the Ministry of Finance sent a notice to banks to stop financing and wait for new instructions to pay salaries.



The Iraqi Central Bank announced today, Wednesday, the insurance of employee salaries for the month of July.



The bank said, "The salaries will be released in one payment before Eid al-Adha."








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Parliamentary Finance - Page 3 Empty The Minister of Finance directs the Accounting Department to pay the salaries of employees and retirees early next week

Post by claud39 on Thu Jul 23, 2020 1:22 pm

 The Minister of Finance directs the Accounting Department to pay the salaries of employees and retirees early next week




23/07/2020



Parliamentary Finance - Page 3 22098









Economy News _ Baghdad





On Thursday, Finance Minister Ali Abdul-Amir Allawi directed the Accounting Department to pay the salaries of employees and retirees early next week.

A brief statement issued by the Ministry, "Economy News" received a copy of it, that "Finance Minister Ali Abdel Amir Allawi directed the Accounting Department to pay the salaries of employees and retirees at the beginning of next week."

Earlier, the Central Bank of Iraq announced that employees' salaries for the month of July are available in the account of the Ministry of Finance open to it.



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Parliamentary Finance - Page 3 Empty Parliamentary economy calls for amending the investment law

Post by claud39 on Mon Jul 27, 2020 10:01 am

 Parliamentary economy calls for amending the investment law




27/07/2020





Parliamentary Finance - Page 3 22156







Economy News _ Baghdad



On Monday, the Parliamentary Economic Committee called for amending the investment law to match the current situation.

Committee member Nofal Al-Naseen said, "There are many demands to hold a parliamentary session to discuss the situation in the country, and some MPs have collected signatures to hold it."

The youth added, “The various parliamentary committees continue to study the laws, discuss them, and provide them ready for reading and voting for the council once the sessions are held,” noting that “the economic committee follows the economic developments in the country and supports the laws that contribute to moving the Iraqi economy.”

The youth stressed the need to "amend the investment law in accordance with the requirements of the stage in order to revive the Iraqi economy in addition to activating the investment properly will secure work for the unemployed hands and contribute to reducing unemployment", calling for "activating the partnership between the public and private sectors in order to move the economy."







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Parliamentary Finance - Page 3 Empty A joint committee to develop a comprehensive reform plan

Post by claud39 on Mon Aug 03, 2020 11:37 am

[size=36][rtl]A joint committee to develop a comprehensive reform plan[/rtl][/size]




Wednesday, July 29, 2020






Parliamentary Finance - Page 3 Alsabaah-40447



Baghdad / Shaima Rashid



According to the Parliamentary Finance Committee, the government has started work on the reform program that it is supposed to present to Parliament, by forming a committee of the three presidencies and all ministries, to form a council to review the entire economic file.

Member of the Finance Committee Jamal Kujer said in a statement to Al-Sabah: “The government may not present the 2020 budget due to lack of time, and because it is now occupied by two overlapping main files; They are the 2021 budget and the reform program file, ”he added,“ to achieve these two steps; The government is in the process of forming a committee of the three authorities' candidates; The executive and the legislative apparatus with the judiciary, to present their views in the interests of the reform and budget paragraphs.

For its part, the Economic Committee indicated that it submitted a reform paper to the Prime Minister to advance the economic reality, and member of the Economic Committee Ali Ghawi told Al-Sabah: “The committee will have a representative in the governmental committee, and we are waiting for it to provide outputs to address the economic crisis, and the parliament in turn is ready To stand with the government to address these matters ». 

He added, “There are many economic problems that the country suffers from, whether on the electricity or health side,” noting the “worrying” statements of economists about not covering salaries for the next period, and it must be followed up as soon as possible, indicating that “the Economic Committee and during its meeting The Prime Minister presented a reform paper to develop solutions to the economic reality of the country, including reforms in the agricultural and industrial aspects, and the setting of immediate remedies aimed at coordinating with the government and assisting it. 

In turn, member of the Economic Committee, Ali Saadoun Al-Lami, expressed his hope that “this committee will provide quick solutions to the economic situation of the country.” Al-Lami told Al-Sabah: “We lack clear economic policy or plans for economic reality, and we hope that this committee will provide what We aspire to it on the economic side. ”







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Parliamentary Finance - Page 3 Empty Parliamentary Planning: The 2021 Budget will see some economic changes

Post by claud39 on Mon Aug 03, 2020 12:31 pm

Parliamentary Planning: The 2021 Budget will see some economic changes


7/29/2020





Parliamentary Finance - Page 3 %D8%B1%D9%88%D8%A7%D8%AA%D8%A8-696x438









Information \ Baghdad.

The Parliamentary Planning and Follow-up Committee affirmed on Wednesday that no fundamental changes occurred in the budget of 2021 to develop the non-oil production sector, indicating that the government has so far been unable to improve the industrial sector.

"What will happen in the next budget is adding some money to the budget by increasing revenue for ports and border ports and taxes, but it will not change much of the reality of dependence on the oil sector," committee member Mohammed Al-Baldawi said in a statement to "Information".

He added Albulada, that " the smuggling of goods through the ports of shares in delaying the progression of agriculture is a large sector and rely on it to increase the gross domestic product" .j
" The budget deficit will be largely due to its dependence on oil and the decline in global prices as well as reducing the share of Iraq in sales amid deficit The government is improving the industrial sector and is the most important in Iraq to reduce dependence on oil. ”


Ended 25 d





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Parliamentary Finance - Page 3 Empty Parliamentary Services: Investment is the alternative solution for financing strategic projects

Post by claud39 on Mon Aug 03, 2020 12:33 pm

Parliamentary Services: Investment is the alternative solution for financing strategic projects







Monday 03, August 2020 

Parliamentary Finance - Page 3 Logo







Baghdad / Nina / Parliamentary Services Committee considered investment an alternative solution to finance strategic projects in light of the financial crisis, pointing out that "attracting investors needs to issue several decisions."


Member of the Committee MP Hussein Arab said in a press statement today, Monday, that "Iraq is going through an economic crisis that affected vital projects," noting that "investment can be an alternative solution to finance strategic projects."


He stressed "the necessity of changing the path of the federal budget by activating the investment side in it to finance projects," stressing that "attracting investors needs several decisions that include creating the appropriate environment for investment and a safe environment for it and setting the necessary facilities for the local or foreign investor."


 / End 9





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Parliamentary Finance - Page 3 Empty Economist: Budget 2021 will not meet the aspirations of job seekers

Post by claud39 on Wed Aug 05, 2020 9:28 am

Economist: Budget 2021 will not meet the aspirations of job seekers


05/08/2020





Parliamentary Finance - Page 3 %D8%B1%D9%88%D8%A7%D8%AA%D8%A8-2-696x437









The information / special

between the economist and Wissam Al-Tamimi, that the budget for the next year will not meet the aspirations of many segments, especially those demanding employment from graduates and the unemployed, pointing out that the budget may suffer a deficit of 40% in the event of continued fluctuation of oil prices.

Al-Tamimi said to / Information /, that " Iraq relies mainly on oil for building and financing the budget, and the financial crisis it suffered during the current year may suffer again in the next year."

He added that " Iraq is shackled by foreign debt, especially after the approval of the borrowing law, in addition to the fact that the oil prices are still fluctuating and without ambition, which requires the government to prepare an austerity budget that does not contain any appointments or additional expenses."

And that "the budget for next year will not meet the aspirations of many segments, especially graduates and job seekers, as it will suffer a deficit of 40% or more, which requires the government to find sources of funding other than oil." 


25 n ended





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Parliamentary Finance - Page 3 Empty Parliamentary Economy announces completion of the statutory mineral investment and private sector participation

Post by claud39 on Fri Aug 07, 2020 9:32 am

Parliamentary Economy announces completion of the statutory mineral investment and private sector participation


07/08/2020



Parliamentary Finance - Page 3 22344



Economy News _ Baghdad



On Friday, the Parliamentary Commission on Economy and Investment revealed the maturity of the mineral investment laws and the participation of the private sector, while noting that they are among the laws required by the stage, especially in supporting the economy and reviving the budget.

Member of the Committee, Nada Shaker Jawdat, said that "the most important laws that the committee prepared and awaiting the parliament’s sessions to read it are the Mineral Investment Law and the Private Sector Participation Law, which are among the mature laws required by the stage to support the national economy entirely, as well as their role in enhancing budget revenues General of the country. "

Jawdat added, "The Mineral Investment Law includes opening the door for investment to the private sector for mineral resources in Iraqi lands, except oil, which are other doors for the advancement of the economy and have the forefront and important alternatives to dependence on oil revenues."









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Parliamentary Finance - Page 3 Empty Parliamentary economy stresses the need to save the local product by controlling the region's ports

Post by claud39 on Tue Aug 11, 2020 9:39 am

 Parliamentary economy stresses the need to save the local product by controlling the region's ports




08/11/2020





Parliamentary Finance - Page 3 22420







Economy News - Baghdad



The Parliamentary Economic and Investment Committee stressed, on Tuesday, the need to save the national product by controlling the border crossings in the Kurdistan region, holding the current government responsible for controlling these outlets in order to ensure that locally available goods and goods are not brought in.

 Committee member Nada Shaker said, "The national product in the central and southern governorates is exposed to loss, after being struck by foreign products."

She added that "foreign products and commodities enter through the region's outlets and hit local products, because of the lack of control over these outlets and the lack of state authority over them."

And she stressed the need to "impose control over the border crossings in the Kurdistan region, similar to other ports, and to apply all controls and decisions under which the outlets of other provinces work with neighboring countries, to ensure that the Iraqi economy is not hit." 





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Parliamentary Finance - Page 3 Empty Representative Finance: The government has broken its promises, and there is no borrowing without a budget

Post by claud39 on Tue Aug 11, 2020 9:44 am

Representative Finance: The government has broken its promises, and there is no borrowing without a budget




08/11/2020





Parliamentary Finance - Page 3 22422







Economy News _ Baghdad



On Tuesday, the Parliamentary Finance Committee criticized the current government for breaching its promises to implement financial reforms, noting that its decision was clear not to grant the government any kind of borrowing, whether internal or external, if the budget was not presented.

"The government is supposed to present its reform paper to Parliament, and an extraordinary session will be held within the next two weeks," said the reporter of the Finance Committee, Ahmed Al-Saffar, in an interview with Al-Sabah newspaper.

Al-Saffar added, "The Financial Committee is working on a reform paper, and it is assumed that there will be a meeting with the government to unify the two papers and come up with a reform paper that promotes the economy, maximizes revenues and guides expenditures to get rid of loans, as the state can properly control its resources."

He explained, "The borrowing law authorized the government to borrow amounts sufficient for three months as salaries for employees, and with the rise in oil prices, the state's imports are supposed to increase, and accordingly, the government is supposed to have money to pay salaries," stressing that "there is no external borrowing, and the borrowing law that Parliament voted it reluctantly.

He continued, "The Finance Committee's decision is clear, which is that the government does not grant any kind of borrowing, whether internal or external, if the budget is not presented, and in return, the government promised that there would be reforms, and it was granted a period of 60 days, and until now there is no answer from them." . 







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Parliamentary Finance - Page 3 Empty Parliamentary Finance calls on the government to present its reform paper, and this August 24 deadline

Post by claud39 on Wed Aug 12, 2020 5:00 pm

Parliamentary Finance calls on the government to present its reform paper, and this August 24 deadline
Tuesday 11 August 2020
Parliamentary Finance - Page 3 Alpha


The Parliamentary Finance Committee clarified that the government's deadline to present its reform paper that it promised ends on the 24th of this month, and therefore it is bound by this date, and despite the absence of any indications from the government in this regard, the Parliament has prepared a reform paper to be added to the government's paper to help it achieve Promote the country's economy. The reporter of the Finance Committee, Ahmed Al-Saffar, confirmed that "the government is supposed to present its reform paper to parliament, and that an extraordinary session will be held within the next two weeks."
 Al-Saffar said, "The Finance Committee is working on a reform paper, and it is assumed that there will be a meeting with the government to unify the two papers and come up with a reform paper that promotes the economy, maximizes revenues and guides expenditures to get rid of loans, as the state can properly control its resources."
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Parliamentary Finance - Page 3 Empty Parliamentary Finance clarifies the timings for preparing and submitting budgets

Post by claud39 on Sun Aug 23, 2020 9:46 am

Parliamentary Finance clarifies the timings for preparing and submitting budgets




08/23/2020




Parliamentary Finance - Page 3 22664


Economy News _ Baghdad



Member of the Parliamentary Finance Committee, Jamal Cougar, explained the timetables for preparing and submitting budgets according to the law, pointing out that the budget must be placed on the parliament table before October 15.

Cougar said in a press interview seen by "Al-Eqtisad News", "There are timings for submitting the budget according to the Financial Management Law, as estimates should be prepared and submitted for 3 years in the month of March while the Ministries of Finance and Planning, according to Article V of the Financial Management Law, provide their estimates." For the budget in the month of June ”.

He added that "the budgets of the provinces and regions should be prepared in July, to be submitted to the Ministries of Finance and Planning, while the two ministries are supposed to send during the month of September two drafts to the Economic Affairs Committee in the Council of Ministers that include submitting the draft budget and submitting the financial policy document for three years."

And that "the first year the government is bound by the budget that was prepared, while the budget for the following two years is not compulsory," noting that "the government is supposed to send the budget before October 15 to Parliament." 





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Parliamentary Finance - Page 3 Empty Parliamentary Finance: 230,000 job ranks in the 2021 budget

Post by claud39 on Thu Aug 27, 2020 9:42 am

Parliamentary Finance: 230,000 job ranks in the 2021 budget




08/27/2020





Parliamentary Finance - Page 3 8791







Economy News - Baghdad



On Thursday, the Finance Committee announced that the 2021 budget will include more than 230,000 job grades.

Committee member Naji Al-Saeedi said in a statement reported by the official news agency "INA" and reviewed by "Al-Iktissad News", that "more than 230 thousand job degrees were expected to be launched within the 2020 budget, but the decline in oil prices caused disruption."

He added that "job grades will be included in the draft federal budget law for 2021 in the event that a financial allocation is available for them."

Al-Saeedi pointed out that "the rise in oil prices has a slight effect on the government's revenues," noting that "the quantities that have been reduced from oil have reached approximately one million barrels per month."

The number of unemployed people in Iraq is estimated at 4 million, 1.4 million of whom are registered in the database of the Ministry of Labor and Social Affairs. 

The number of foreign workers in Iraq is 300,000, most of them in the oil sector, hotels, tourist areas and malls.



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Parliamentary Finance - Page 3 Empty The Economic and Investment Committee discusses a mechanism for granting investment licenses for lands near Baghdad International Airport

Post by claud39 on Thu Aug 27, 2020 6:17 pm

[size=32]The Economic and Investment Committee discusses a mechanism for granting investment licenses for lands near Baghdad International Airport[/size]







 08/26/2020

Parliamentary Finance - Page 3 WhatsApp-Image-2020-08-26-at-7.26.45-PM-800x445

The Parliamentary Economy and Investment Committee, headed by Representative Hassan Jalal Al-Kinani, and the attendance of its members on Tuesday 08/25/2020, held a meeting in which it discussed a number of important topics, including violations and corruption operations in light of the Corona pandemic by the weak of souls, taking advantage of the preoccupation of most MPs and citizens with this epidemic.


The meeting discussed a mechanism for granting investment licenses to a project adjacent to Baghdad Airport with an area of ​​(1600) dunums, the value of the granted land amounting to (4) four trillion dinars free
of charge by the National Investment Commission despite its previous permission being granted, as well as suspicions of corruption and theft of public funds with an area of ​​(4000) dunums. Its value amounted to (10) trillion for a foreign person and was marred by violations of the provisions of the investment law and the Iraqi constitution, noting that this land is an expansion of the airport and the other part is the presidential palaces whose construction value reaches (20) billion dollars and that these assets are public property and cannot be disposed of. According to the investment law, however, the National Authority manipulates these funds and exploits the investment law as a pretext and shadows the government and public opinion.



The head of the committee indicated that there was a legislative decision from the Baghdad Governorate Council and the Speaker of Parliament not to dispose of these assets
and other sectoral entities, noting that the Investment Law requires the Commission to fully collect the value of the land before granting the investment license, and the Commission did not operate according to the law, and the lands were granted to investors almost free of charge.



The head of the committee added that the Parliamentary Economic and Investment Committee had previously issued a decision requiring the commission not to dispose of these lands due to their high market value, strategic location, and their need for public facilities, and investment outside cities is transparent and in accordance with the law and with oversight by supervisory authorities.


At the end of the meeting, the committee recommended approaching the Prime Minister’s office to withdraw the hand of the authority’s head, the director of the single window, the director of the legal department and the director general of state real estate, and stopping work on the permits granted during the resignation of the government of Mr. Adel Abdul-Mahdi and the period of the Corona pandemic, especially the project of the role of Baghdad housing investment with the Ministry of Interior because this leave is in violation of Clear laws in force,
and a lawsuit against the National Investment Commission regarding investment licenses that were issued in this previous period.



Parliamentary Economic and Investment Committee
House of Representatives
Media
Department 26/8/2020



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https://ar.parliament.iq/2020/08/26/%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-%d8%a2%d9%84%d9%8a%d8%a9-%d9%85/
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Parliamentary Finance - Page 3 Empty The issuance of orders to change managers of 5 administrative positions in the Ministry of Finance

Post by claud39 on Sat Aug 29, 2020 10:39 pm



[rtl]The issuance of orders to change managers of 5 administrative positions in the Ministry of Finance[/rtl]


 28/8/2020



Parliamentary Finance - Page 3 Story_img_5f4911f88c558

[Baghdad-Where] An

informed source said, Friday, that administrative orders had been issued to change the directors of 5 positions in the Ministry of Finance.
The source said, "New administrative orders were issued with the placement of Hassan Salman Al-Makouter / Director General of the Administrative Department at the Ministry of Finance, and Ali Karim / Director General of the State Real Estate Department."

He added, "Other administrative orders were issued with the placement of Abdul Hassan Jamal / Financial Adviser to the Minister of Finance, Sadiq Howeidi / General Manager of Al-Rafidain Bank, and Abdul Mohsen Ainah / General Director of the Real Estate Bank.



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Parliamentary Finance - Page 3 Empty Iraq is heading to approve an investment budget for three years

Post by claud39 on Tue Sep 01, 2020 9:33 am

Iraq is heading to approve an investment budget for three years




09/01/2020





Parliamentary Finance - Page 3 22814







Economy News _ Baghdad



The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, revealed, on Tuesday, details of the 2021 budget, indicating that what is new in the general budget is the part of the investment budget, which will be over three years. 

Al-Saffar said in a press interview that "Al-Iqtisad News" reviewed, that "the council will hold its sessions intensively and on a daily basis to compensate for what has been missed due to the disruption due to the circumstances of the Corona pandemic," adding that "the specialized committee in the General Budget Department at the Ministry of Finance has begun preparing the draft budget for 2021, and from It will definitely be completed by the end of this year. "

He noted the completion of the 2021 draft budget, which will be necessary to put the government's financial disposal in a legal framework. 

The committee’s rapporteur continued, “What is new in the general budget is related to the investment budget, which will be over three years and the sums will be divided over it,” adding that “no project is being completed in one year, so an investment budget will be allocated for three years divided into years, and this is what It is called annual budget performance, and changes are expected in the budget structure and in matters related to the operational and investment side. 

He indicated that "the current year is nearing completion, and the 2020 budget project, which will be sent for approval in the House of Representatives, will be based on the operational side and not on the investment, because no budget has been issued for the allocation of investment funds, and there are no projects that can be implemented during the remaining four months of the year. The sums that were disbursed from 1-1 to the ninth month, and the rest of them will be speculative in terms of spending and revenues. " 

And Abizaid Al-Saffar, as for the sums that will be estimated for investment according to the 2020 budget, it may be added to the investment budget for 2021.
 


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Parliamentary Finance - Page 3 Empty The Parliamentary Economic and Investment Committee hosts the Minister of Commerce

Post by claud39 on Thu Sep 03, 2020 11:57 am

[size=32]The Parliamentary Economic and Investment Committee hosts the Minister of Commerce[/size]







 09/03/2020

Parliamentary Finance - Page 3 WhatsApp-Image-2020-09-03-at-12.41.24-AM-800x445

The Parliamentary Economic and Investment Committee, headed by member of the committee, MP Hassan Jalal Al-Kinani, and its members attended on Wednesday 2/9/2020 Dr. Alaa Ahmed Al-Jubouri, Minister of Trade.


The meeting discussed a number of important topics, including the ration card and the flow of its distribution to citizens, and approaching the Ministry of Finance to provide adequate financial allocation to ensure the distribution of all items of the ration card to the beneficiaries and approaching all departments to confirm the conduct of auditing and the intersection of information for the purpose of withholding the names of those with high incomes.


The committee agreed with the Minister of Trade to present the issue of establishing silos and places designated for collecting grains by way of investment or partnership with the private sector according to mechanisms determined by the Ministry based on the amended 2006 Investment Law No. 13 of 2006 and urged the Ministry of Finance to pay the wages of farmers and marketers for wheat and barley crops, as well as the possibility of receiving Farmers for seeds, fertilizers and agricultural machinery from the ministry, provided that they pay from their financial dues that the ministry owes, in addition to hosting the investigative committee on contracting Vietnamese rice at the headquarters of the Economic and Investment Committee in the House of Representatives.


Economic and Investment Committee
House of Representatives
Media
Department 2/9/2020



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Parliamentary Finance - Page 3 Empty Parliamentary Finance: The 2021 budget will arrive in Parliament soon

Post by claud39 on Thu Sep 03, 2020 1:20 pm

Parliamentary Finance: The 2021 budget will arrive in Parliament soon


09/03/2020





Parliamentary Finance - Page 3 %D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-1-696x435










Information / Special ...



The Parliamentary Finance Committee confirmed, Thursday, that the draft federal budget law for 2021 will arrive in Parliament soon.



A member of the committee, Abdul Hadi Al-Saeedi, told / information /, that "the cabinet is now in the process of completing the provisions of the draft federal budget law for 2021," noting that "the budget will be different from previous years."



He added that "about 230 degrees and functional will be within the draft budget," indicating that "the Council of Ministers will send the project to the House of Representatives soon."



The Parliamentary Finance Committee revealed, earlier, that there are more than 240,000 job degrees within the draft federal budget law for 2021.






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