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Parliamentary Finance

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Parliamentary Finance - Page 4 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 4 %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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Parliamentary Finance - Page 4 Empty Statement of the Parliamentary Finance Committee on the economic and financial reform paper

Post by claud39 on Fri Sep 04, 2020 10:21 am

[size=32]Statement of the Parliamentary Finance Committee on the economic and financial reform paper[/size]







 04/09/2020

Parliamentary Finance - Page 4 %D9%84%D8%AC%D8%A7%D9%86-%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3-800x445

While we are waiting for the government to present the economic and financial reform paper to the House of Representatives, as stipulated in the Domestic and Foreign Borrowing Law, which has not yet been submitted, despite the passage of the time period specified by the law, which is 60 days from the date of its approval, and we have not seen its signs, neither in words.




 Indeed, the government has ignored all the reform texts included in the law. We are surprised by decisions and appointments in sensitive and extremely important centers in the Ministry of Finance and other relevant institutions that have nothing to do with the public interest, as most of those who issued these orders against them, all of which are appended to the phrase “based on” On the book of the Prime Minister’s Office, “Their employment history is marred by many suspicions and failures, and this will negatively affect any real intention or step for reform and will cast a shadow over a decline greater than it is now in the financial and economic file.




In terms of the legal and moral responsibility entrusted to us as a supervisory and legislative body, we will have a firm and strict position as a result of those measures that adopted the mood and favoritism in their approval by the government and the Ministry of Finance, which unfortunately we did not see from them any cooperation or consultation with the legislative authority represented by the House of Representatives and the Finance Committee in a manner. Especially during the previous period of the current government’s life.


Parliament Finance Committee
9/4/2020





https://ar.parliament.iq/2020/09/04/%d8%a8%d9%8a%d8%a7%d9%86-%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%a7%d9%84%d9%86%d9%8a%d8%a7%d8%a8%d9%8a%d8%a9-%d8%a8%d8%b4%d8%a3%d9%86-%d9%88%d8%b1%d9%82/
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Parliamentary Finance - Page 4 Empty Parliamentary Finance issues a statement on the economic and financial reform paper

Post by claud39 on Fri Sep 04, 2020 12:46 pm

Parliamentary Finance issues a statement on the economic and financial reform paper




04-09-2020




Parliamentary Finance - Page 4 Image




Baghdad / Al-Akhbariya


Today, Friday, the Parliamentary Finance Committee issued a statement regarding the economic and financial reform paper.


The committee said in a statement, which Al-Akhbariya received a copy of, that "while we are waiting for the government to present the economic and financial reform paper to the House of Representatives as stipulated in the law on domestic and foreign borrowing, which has not yet been submitted, despite the passage of time." "That which was specified by the law, which is 60 days from the date of its approval. We also did not see its signs, neither word nor deed. Rather, the government ignored all the reform texts contained in that law."


And she added, "We are surprised by decisions and appointments in sensitive and extremely important centers in the Ministry of Finance and other relevant institutions that are not in the public interest, as most of those orders were issued against them, all of which are annotated with the phrase" based on the letter of the Prime Minister's Office. " 
Their employment history is marred by many suspicions and failures, and this will negatively affect any real intention or step for reform, and will cast a shadow over a decline greater than it is now in the financial and economic file. "


And she continued: "On the basis of the legal and moral responsibility entrusted to us as a supervisory and legislative body, we will have a firm and strict position as a result of those measures that adopted the mood and favoritism in their approval by the government and the Ministry of Finance, which, unfortunately, we did not see any cooperation or consultation with them. The legislative authority represented by the House of Representatives in general and the Finance Committee in particular during the previous period of the life of the current government.




https://www.ikhnews.com/index.php?page=article&id=225627
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Parliamentary Finance - Page 4 Empty Parliamentary Finance: Parliament will not allow the renewal of borrowing

Post by claud39 on Sun Sep 06, 2020 9:59 am

Parliamentary Finance: Parliament will not allow the renewal of borrowing




09/06/2020





Parliamentary Finance - Page 4 22904





Economy News _ Baghdad



The Parliamentary Finance Committee confirmed, on Sunday, that the general budget for the next year did not reach the House of Representatives, while it indicated not to allow renewal of borrowing.

The head of the committee, Haitham al-Jubouri, said in an interview followed by Al-Iqtisad News.

Al-Jubouri added, "It is assumed that the government will find solutions other than borrowing to increase its revenues through non-oil revenues, such as customs taxes and the collection of services, fees and other chapters."

The Parliamentary Finance Committee revealed, earlier that the Budget Committee at the Ministry of Finance has begun preparing a draft budget for the next three years, while it indicated that it is awaiting the arrival of the draft budget for the current year 2020.





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Parliamentary Finance - Page 4 Empty Finance: Government economic policies weaken the private sector

Post by claud39 on Wed Sep 09, 2020 12:59 pm

 Finance: Government economic policies weaken the private sector




09/08/2020





Parliamentary Finance - Page 4 21592

Economy News - Baghdad



The Minister of Finance, Ali Allawi, announced that the government's economic policies over the past years have weakened the private sector, indicating that achieving economic and financial reforms requires 5 years, stressing that the economic reform paper will be presented in the middle of next month.

Allawi said in his speech during hosting the House of Representatives today and seen by "Economy News", that the economic reform program needs a long time to present it because the economic situation in Iraq is going through a critical situation due to the repercussions of previous cumulative economic policies that passed on the Iraqi state since the fifties of the last century and until Now, especially the legislation of the Agrarian Reform Law and the decisions of the socialist package, in addition to the loss of the economic vision that weakened the private sector and made all resources in the hands of governments.

He pointed out that the current government suffers from a scarcity of funds that forced it to borrow internally and externally and cannot implement the presentation of the paper within the period specified by the law voted upon, noting that a specialized team has been formed with a cadre of 40 employees working continuously to work on preparing and submitting the required paper despite the circumstances. The current health system, indicating that the reasons for delaying its submission are technical and historical, setting the ceiling for the government’s submission of the first negotiable reform paper at the end of this month, while the reforms paper will be submitted in its final form in the middle of next month .

Minister Allawi pointed out that there are three types of loans, including commercial that the Iraqi government has moved away from, borrowing from governments and the third by borrowing from international development institutions such as the World Bank and the Arab Fund for the purpose of investment, especially those related to the requirements of improving the electricity sector by activating previous economic agreements with my company. Siemens and General Electric, stressing the importance of reviewing the exchange rate so that the Iraqi economy enters the cycle of competition with the interest of the International Monetary Fund in the issue of the exchange rate, noting that the ministry received an amount of 15 trillion dinars in full to meet the needs of salaries .

The Minister of Finance indicated that the need to borrow was to support the general budget and fill the financial deficit without giving support to investment projects, explaining that the tendency to borrow from the International Monetary Fund comes because it has specific programs supportive of countries suffering from financial crises such as Iraq with loans for a period of three years provided that they are linked With administrative and financial reforms, pointing out that the government opened communication channels with the International Monetary Fund because Iraq has no source for internal borrowing except the Central Bank of Iraq and the absence of accredited financial markets in Iraq, in addition to the fact that government banking institutions are saturated with debts to the government to finance the financial deficit in budgets and private banks are not It has a large financial financing .

The minister added that it takes 5 years to carry out concrete economic reforms by finding new alternatives for revenues, noting that the total debt represents 80 to 90 percent of the Iraqi national product, which amounts to 160 trillion dinars of foreign debt, including Kuwait and Saudi Arabia's debts amounting to 40 billion dollars, stating no The possibility of the Ministry of Finance to count the monetary mass in Iraq.





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Parliamentary Finance - Page 4 Empty Parliamentary Finance: Parliament rejected the Finance Minister's justifications regarding the reform paper

Post by claud39 on Wed Sep 09, 2020 1:04 pm

Parliamentary Finance: Parliament rejected the Finance Minister's justifications regarding the reform paper




09/09/2020




Parliamentary Finance - Page 4 22954



Economy News _ Baghdad



A member of the Parliamentary Finance Committee revealed, on Tuesday, that Parliament rejected the Finance Minister's justifications about the reform paper, indicating that the government should set the correct paths to lead the reform process.

Cougar said in a televised statement followed by Al-Eqtisad News, that “the finance minister’s justifications about the reform paper were rejected by Parliament and that the minister stressed during his hosting that the government is unable to present the reform paper.”

He added, "The government should set the right paths to lead the reform process, and we have not seen anything tangible from the government about the government reform paper."

He added that the blame does not fall on the government only, but there are political differences that affected the current reality and that the state’s resources are limited and the government must provide appropriate revenues to secure the salaries of employees.







https://economy-news.net/content.php?id=21785
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Parliamentary Finance - Page 4 Empty Parliamentary Finance: 160 trillion dinars, the size of Iraq's debt

Post by claud39 on Wed Sep 09, 2020 1:07 pm

Parliamentary Finance: 160 trillion dinars, the size of Iraq's debt




09/09/2020



Parliamentary Finance - Page 4 22958







Economy News - Baghdad



The Parliamentary Finance Committee announced that the size of Iraq's debts reached 160 trillion dinars.

Iraq is facing successive financial obstacles caused by the war on "ISIS" and the drop in oil prices, the latest of which is the outbreak of the Coronavirus.

Committee member Muhammad Al-Darraji said, in televised statements followed by "Al-Eqtisad News," that the government resorted to internal and external borrowing because the federal budget law was not approved, pointing out that Iraq's economic situation does not allow for more borrowing.

He pointed out that the public debt in Iraq amounted to 160 trillion dinars, according to the Ministry of Finance data, indicating that Iraq's debts are very large compared to the country's gross domestic product.

Regarding the reason for the high debts of Iraq, Al-Darraji stressed that "the war on ISIS has exacerbated the debts."





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Parliamentary Finance - Page 4 Empty Parliamentary Finance discloses the purpose of approving the 2020 budget

Post by claud39 on Thu Sep 10, 2020 7:12 pm

Parliamentary Finance discloses the purpose of approving the 2020 budget




09/10/2020





Parliamentary Finance - Page 4 22998





Economy News _ Baghdad



The Parliamentary Finance Committee announced, on Thursday, the purpose of approving the country's financial budget for the current year 2020, despite the elapse of eight months.

Committee reporter Ahmed Al-Saffar said, "The general budget is considered special considering that there are eight months in which actual spending has passed, and that the government, by approving the budget, is trying to bypass the principle of spending 1/12 to bypass the health situation and other things."

He added that "the purpose of approving the general budget is to establish what was spent in the previous eight months, and to approve spending for the remaining four months of the current year." 

Regarding the details of the draft budget, he stressed that he was not aware of its details, given that it is in the cabinet and not sent to parliament, indicating that "if it is approved next week and sent to parliament, it will be discussed by the Parliamentary Finance Committee before it is presented for reading on the council's agenda."

Iraq did not approve the financial budget due to the resignation of the previous government at the beginning of this year under the weight of unprecedented popular protests, and then the outbreak of the Corona epidemic in the country, which caused a financial crisis that resulted from a significant decline in oil prices.

Iraq relies on oil revenues to finance up to 95 percent of state expenditures.





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Parliamentary Finance - Page 4 Empty The Financial Commission hosts the Minister of Finance and his accompanying delegation to discuss ways out of the economic crisis

Post by claud39 on Thu Sep 10, 2020 10:24 pm

[size=32]The Financial Commission hosts the Minister of Finance and his accompanying delegation to discuss ways out of the economic crisis[/size]




 09/10/2020





Parliamentary Finance - Page 4 WhatsApp-Image-2020-09-10-at-9.18.57-PM-1-800x445



Hosted the Finance Committee headed by Deputy Dr. Haitham Al-Jubouri and the attendance of the ladies and gentlemen of its members, on Thursday 10/9/2020, the Minister of Finance, Ali Haider Abdul Amir Allawi, the Undersecretary of the Ministry, and the General Directors, the Rafidian and Rasheed banks, and the tax and customs authorities, to discuss ways to get out of the financial crisis and maximize the state's non-oil resources.


At the beginning of the meeting, which was held at the headquarters of the Finance Committee, the Chairman of the Committee welcomed Dr. Haitham Al-Jubouri, the minister and his accompanying delegation, and stated that the financial crisis that the country is going through is the most difficult and violent since 2003 until now due to the negative repercussions caused by the Corona pandemic on the oil markets, which represents the greatest resource in the state budget.


The Finance Committee recorded its reservation regarding the loan mechanism and described it as not studied by the government, especially since the interest value of these loans is large and it will weigh on the state’s shoulders in the future and bear the consequences for future generations.


The committee also clarified that the approval of the domestic and foreign borrowing law approved by the House of Representatives came under pressure from the Finance Committee and it assumed responsibility for filling the large deficit in the budget, securing the salaries of employees and retirees, the social welfare network and extricating the country from this crisis, but the passage of the borrowing law was conditional on the committee providing The government’s economic and financial reform paper, which represents a true vision for solving the financial crisis, without relying on borrowing policy rejected by us.


The Finance Committee clarified that getting out of this crisis requires concerted efforts and full cooperation between the legislative and executive authorities, as well as compression of expenditures and an increase in non-oil revenues.


The Finance Committee, through the ladies and gentlemen of its members, presented a large number of proposals and opinions to the Minister of Finance and his accompanying delegation on the mechanism of developing the work of banks through encouraging means and creative ideas that restore the citizen's confidence in the Iraqi banking system, which enables him to invest his money in it.


The committee called on the managers of Al-Rafidain and Al-Rasheed banks to have the amount of liquidity available to them, as well as a disclosure of investment advances granted by the two banks, advances for citizens and employees, car loans, as well as finding ways to encourage investment loans to build important projects.


The committee discussed ways to develop customs and taxes work, increase their revenues, and the necessity to complete the automation process to eliminate corruption centers in them and cancel exemptions on goods that affect the volume of revenues,
stressing at the same time the need for the Kurdistan Regional Government to adhere to Decision No. 13, standardize customs tariffs and unify the work of border ports .


It also expressed its full readiness to legislate any law that contributes to facilitating the work of the tax and customs authorities.


The Finance Committee directed an oral question to the Media and Communications Authority regarding taxes levied from mobile phone networks.



The Finance Committee listened to the proposal of the Minister of Finance and General Directors regarding the problems and challenges facing their work, the budget preparation process for the remainder of 2020, the budget for 2021, and the latest findings of the ministry regarding the economic and financial reform paper.


For his part, the Minister of Finance assured that the relationship with the Finance Committee would be very close and fruitful, as the current crisis requires joint action.


Media Department
Parliament
9/10/2020



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Parliamentary Finance - Page 4 WhatsApp-Image-2020-09-10-at-9.19.00-PM-1024x768



https://ar.parliament.iq/2020/09/10/%d8%a7%d9%84%d9%84%d8%ac%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b3%d8%aa%d8%b6%d9%8a%d9%81-%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d9%88%d8%a7%d9%84/
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Parliamentary Finance - Page 4 Empty Dates for 'reform' drafts ... Does Iraq intend to borrow from the World Bank?

Post by claud39 on Fri Sep 11, 2020 1:02 pm

[size=30]Dates for 'reform' drafts ... Does Iraq intend to borrow from the World Bank?[/size]




2020.09.11





Parliamentary Finance - Page 4 99b093df0-40060-202009110559




Baghdad - People 



 

On Friday, the Parliamentary Economic and Investment Committee indicated that the Minister of Finance is preparing to submit a draft of reforms at the end of this month, stressing that the Ministry of Finance does not intend to borrow from the International Monetary Fund.

  

A member of the Economic Committee, Mazen Al-Faili, stated in a statement to the official agency followed by "Nass" (September 11, 20209), that "the Minister of Finance has set the end of the current month as a date for submitting a non-final draft to come out with reforms, while the middle of next month will present a draft for discussion and after consulting with the three presidencies." Pointing out that "the Minister of Finance, Ali Abdul-Amir Allawi, indicated that there are previous accumulations and the treasury is almost empty, and the situation is exceptional and needs a long period." 

 

Faily continued, "The Minister of Finance confirmed that Iraq does not want to borrow from the International Monetary Fund because of its difficult and costly conditions." 

 

He added, "The Minister of Finance mentioned that specifying a two-month period in Article Seven of the Borrowing Law to present the government with a reform paper or an economic development paper is not sufficient, because the period is short and the government needs six months to present this paper, especially since the official working hours have become 25% in the last period because of Corona outbreak, and it has become difficult to submit a repair paper during this period. " 

 

Earlier, Minister of Finance Ali Abdul-Amir Allawi stressed that "the economic reform program needs a long time because the economic situation in Iraq is going through embarrassment due to the repercussions of previous cumulative economic policies that passed on the Iraqi state since the fifties of the last century and until now, especially the reform law legislation." The agricultural sector and the socialist package decisions, in addition to the loss of the economic vision that weakened the private sector and made all resources in the hands of governments. " 

 

"The current government suffers from a scarcity of funds, which forced it to borrow internally and externally, and it cannot present the paper within the period specified by the law voted on," he added. 

 

Allawi pointed out that "the formation of a specialized team consisting of 40 employees working continuously to prepare and submit the required paper despite the current health conditions," indicating that "the reasons for delaying its submission are technical and historical."  





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Parliamentary Finance - Page 4 Empty The Iraqi Finance Minister presents an unfinished draft of reforms at the end of this September

Post by claud39 on Fri Sep 11, 2020 1:13 pm

The Iraqi Finance Minister presents an unfinished draft of reforms at the end of this September


September 11, 2020







Parliamentary Finance - Page 4 1024



Mubasher: The Parliamentary Economic and Investment Committee in Iraq revealed the details of its meeting with the Ministers of Finance and Planning.


A member of the Economic Committee, Mazen Al-Faily, told the Iraqi News Agency (INA), today, Friday, that "the Minister of Finance has set the end of this month as a date for submitting a non-final draft to come out with reforms.


He explained that he will present a draft in the middle of next month for discussion and after consulting with the three presidencies, pointing out that Finance Minister Ali Abdul Amir Allawi indicated that there are previous accumulations and the treasury is almost empty, and the situation is exceptional and needs a long period.


Al-Faili said that the Minister of Finance confirmed that Iraq does not want to borrow from the International Monetary Fund because of its difficult and costly conditions.


He added, "The Minister of Finance mentioned that specifying a two-month period in Article Seven of the Borrowing Law to present the government with a reform paper or an economic development paper is not sufficient, because the period is short and the government needs six months to present this paper, especially since the official working hours have become 25 percent in the last period because of Corona outbreak, and it has become difficult to submit a repair paper during this period. "



Earlier, the Minister of Finance, Ali Abdul-Amir Allawi, confirmed that "the economic reform program needs a long time because the economic situation in Iraq is going through embarrassment due to the repercussions of previous cumulative economic policies that passed on the Iraqi state since the 1950s in the last century until now, especially the reform law legislation." The agricultural sector and the socialist package decisions, in addition to the loss of the economic vision that weakened the private sector and made all resources in the hands of governments. "


He added, "The current government suffers from a scarcity of funds, which forced it to borrow internally and externally and cannot present the paper within the period specified by the law voted on."


Allawi pointed out that "the formation of a specialized team consisting of 40 employees working continuously to prepare and submit the required paper despite the current health conditions," indicating that "the reasons for delaying its submission are technical and historical."


Nominations




https://www.mubasher.info/news/3694374/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D9%82%D8%AF%D9%85-%D9%85%D8%B3%D9%88%D8%AF%D8%A9-%D8%BA%D9%8A%D8%B1-%D9%86%D9%87%D8%A7%D8%A6%D9%8A%D8%A9-%D9%84%D9%84%D8%A5%D8%B5%D9%84%D8%A7%D8%AD%D8%A7%D8%AA-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%B3%D8%A8%D8%AA%D9%85%D8%A8%D8%B1-%D8%A7%D9%84%D8%AC%D8%A7%D8%B1%D9%8A/
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Parliamentary Finance - Page 4 Empty The Finance Committee reveals the fate of the salaries for the remaining months of the current year

Post by claud39 on Mon Sep 14, 2020 10:30 am

The Finance Committee reveals the fate of the salaries for the remaining months of the current year


09/14/2020


Parliamentary Finance - Page 4 23044



Economy News _ Baghdad



The Parliamentary Finance Committee revealed, on Monday, that the amount of external debt owed by Iraq is $ 25 billion and the internal debt is 85 trillion dinars, while it indicated that the general budget provides salaries for employees for the remaining months of the current year 2020. 

The committee's reporter, Ahmed Al-Saffar, said in a press statement, "The House of Representatives will start the procedures for discussion and reading of the draft general budget law for the year 2020," indicating that it will be "approved as soon as possible if it reaches the parliament."

Al-Saffar expected, "it will be approved by the next session of the Council of Ministers and sent to Parliament next week," adding that "the budget includes within its law internal and external borrowing."
He pointed out that "the government will secure the salaries of employees for the remaining months of the year 2020," noting that "the volume of debts owed by the government to banks and banks reached 25 billion dollars abroad and 85 trillion internal dinars."

The government had submitted the bill, which includes foreign borrowing of $ 5 billion, and internal borrowing of $ 15 trillion to bridge the country's fiscal deficit.





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Parliamentary Finance - Page 4 Empty Minister of Finance: Paying employees ’salaries is subject to Parliament's approval of the borrowing law

Post by claud39 on Sun Oct 04, 2020 11:07 am

 Minister of Finance: Paying employees ’salaries is subject to Parliament's approval of the borrowing law




10/4/2020





Parliamentary Finance - Page 4 23358







Economy News _ Baghdad

On Sunday, the Minister of Finance, Ali Allawi, mortgaged the disbursement of employees ’salaries by approving the borrowing law, indicating that the ministry has completed disbursing the salaries of retirees.

Allawi said in a televised statement followed by "Al-Eqtisad News", that "the regular payment of salaries of employees mainly depends on the approval of the internal and external borrowing law in parliament."

Allawi added, "The ministry has completely disbursed the salaries of the retired, and it continues to pay salaries in the coming days."



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Parliamentary Finance - Page 4 Empty Parliamentary finance responds to the ministry: Borrowing means bankruptcy within 6 months

Post by claud39 on Sun Oct 04, 2020 11:11 am

 Parliamentary finance responds to the ministry: Borrowing means bankruptcy within 6 months


10/4/2020





Parliamentary Finance - Page 4 11040



Economy News - Baghdad





On Sunday, the Parliamentary Finance Committee issued a statement regarding linking employees ’salaries to the borrowing law, while the committee indicated that the government is trying to throw the ball in front of the parliament and embarrass it.

The committee’s statement, which was reviewed by Al-Iqtisad News, stated that “while we have long waited for the government and the Ministry of Finance to implement the provisions of the Domestic and Foreign Borrowing Law that Parliament passed on 6-24 of this year, which set 60 days to present the economic and financial reform plan, we were surprised by a project. Another borrowing law is as if the ministry’s job is to borrow only. If it continues, Iraq will declare its bankruptcy within six months from now, and here we ask what next? And is this the solution in your opinion? And what if oil prices have decreased more than they are now?

She added, "Unfortunately, we see that the government is trying to throw the ball in front of the House of Representatives and choosing between agreeing to a borrowing that will soon lead to the destruction of the country, the bankruptcy of which the country will bear, and whose results will be borne by generations, and between statements trying to pressure us to export that there are no salaries without the approval of the Council on that borrowing to embarrass the parliament and mix the papers ".

And she continued, "And here we would like to assure all our people that the issue of salaries is not the responsibility of the legislative authority, and it is a purely governmental duty and one of the core of its obligations before its people, and that any attempt to throw the ball at the House of Representatives is a disclaimer of that responsibility and the obligations that the government must undertake." .

On Saturday evening, the Minister of Finance announced that the distribution of employees' salaries would be linked to the approval of the borrowing law by the House of Representatives.



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Parliamentary Finance - Page 4 Empty Minister of Finance: $ 250 billion has been stolen from Iraq since 2003

Post by claud39 on Sun Oct 04, 2020 11:19 am

Minister of Finance: $ 250 billion has been stolen from Iraq since 2003


10/4/2020



Parliamentary Finance - Page 4 23374







Economy News - Baghdad

Finance Minister Ali Allawi said that the economic reform paper that will be presented soon includes the activation of the partnership law between the public and private sectors, explaining that $ 250 billion has been stolen from Iraq since 2003.  

Allawi added, in a seminar organized at the headquarters of the guest house in the Green Zone, and I saw the Economy News on a video of the session published on the page of the Economic Reform Institute, that my vision includes making the private sector the main and pivotal engine in the economy, adding that the compass of the Iraqi economy must change towards free work. And not to rely on government sector work.

He stressed that the private sector should benefit from the Iraqi market as well as the Arab and international markets, explaining that the state’s resources management must be in partnership with the private sector and gradually because the public sector currently provides very weak services.

He noted that the agricultural sector in Iraq is subsidized by the state at an amount of 6 trillion dinars, pointing out that the tax sector in Iraq is very weak, and the citizen has the right to not pay taxes in exchange for weak services provided by the public sector.

He noted that Iraq's revenues from the border outlets are less than 1% due to the large exceptions and exemptions granted.

He explained that the main decisions that affect the economy are mostly politicized, and started to increase and not decrease, and this issue has been inherited since 2003, and most of these decisions are related to the economic relations of the parties with the parties that can help them.

He indicated that 250 billion dollars were stolen from Iraq since 2003 and until now, and this amount is built by several countries, explaining that spending this money was not an economic goal, but rather a financial benefit for some parties, which led to a decline in the state’s capabilities, pointing out that this matter would not be changed overnight. .

He stressed that Iraq imports from Iran electricity and gas annually at an amount of 4 trillion dinars, but the Ministry of Electricity is unable to pay these funds from the collection, explaining that 30% of Iraq's imports pass through the northern ports and tax revenues are not subject to the control of the center.
 


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Parliamentary Finance - Page 4 Empty The Iraqi Parliament summons officials in the Ministry of Finance for this reason!

Post by claud39 on Sun Oct 04, 2020 12:28 pm

The Iraqi Parliament summons officials in the Ministry of Finance for this reason!




Sunday 4 October 2020 



Parliamentary Finance - Page 4 Irq_2004104222_1601827397





On Sunday, the Parliamentary Finance Committee revealed its move to summon all officials in the Ministry of Finance to determine the state's revenues from ports, taxes and customs, and the fate of these funds .


A member of the Finance Committee, Mahasin Hamdoun, said, "The government confirmed, upon its formation, the existence of a plan to maximize imports and present a reform paper to Parliament to determine its work ."


She added, "The government maximized imports at ports, taxes and customs, and did not present a reform paper, in addition to announcing from time to time a financial crisis, its bankruptcy and its need for loans ."



Hamdoun explained that "the Finance Committee will summon all officials in the Ministry of Finance to determine the fate of those funds and where the imports of ports, customs and taxes were spent."






https://aynaliraqnews.com/index.php?aa=news&id22=139458
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