Economist: The delay in approving the budget hinders the work of the local and foreign investor

by **claud39** Wed Feb 19, 2020 8:37 am

Good morning all !! Read this article about the budget, one of the very good reasons for the delay on their return to the international, and also sorry for the last days for not having too much to send articles as usual, health problem, we have had very good snowfall for some time, still 15 cm last night, so cleaning to do to prepare for the next snowfall that will fall on our heads !!

Claud (Moose)

Economist: The delay in approving the budget hinders the work of the local and foreign investor

02/19/2020

The Economy News - Baghdad

The economist Aqeel Al Ansari said that the delay in approving the budget bill has negative repercussions on the Iraqi economy, and sends an unsuspecting message to the local and foreign investor.

He added in an interview with "Al-Iqtisad News" that "the budget has two operational and investment wings, and the delay in approving the budget means turning it into a pay-only budget and the lack of the investment side in it."

Al-Ansari continued that this means "high unemployment and entering the country in an economic recession that is difficult to get out of," adding that "one of the negative repercussions is the sending of an unsuspecting message to the local and foreign investor alike, thus delaying the investment operations in small and medium projects, but large projects are suspended. Necessarily".

With regard to solutions, Al-Ansari stressed the necessity of leaving the budget "from political conflicts" and making it economic to implement the government's vision to keep it away from the requirement of parliament’s approval for approval.

He added: "The other solution is for the Prime Minister-elect, and for a period of 6 months after the formation of the government, to submit a budget for a period of 4 years, which is thus the government's economic plan and regularization of the government program."

http://economy-news.net/content.php?id=19090

by **claud39** Wed Feb 19, 2020 7:01 pm

[size=36][rtl]Exit the bottleneck[/rtl][/size]

Wednesday 19 February 2020

Economist: The delay in approving the budget hinders the work of the local and foreign investor 980-Alsabbaq

Economist: The delay in approving the budget hinders the work of the local and foreign investor 980-Alsabbaq

Dr. Bassem Al-Ibrahimi

The recent report issued by the International Monetary Fund regarding its vision for the future of the Iraqi economy raised many observations among academia

Niche.

Regardless of the accuracy of the data adopted by the Fund, its methodological basis for evaluation and its intellectual references in the concept of economic stability, as the important thing is the economic constants that started from it, which have become known to all even without

Specialists.

Deepening economic rent, growing public indebtedness, high unemployment and poverty rates are all pressing factors towards structurally dysfunctional budgets that are no longer able to stimulate the economy unless practical steps are taken towards moving private investment mainly in the short and long term out of

bottleneck.

Excessive dependence on oil rents in managing a public sector where the worker’s productivity does not exceed three minutes

(As some reports have shown) He is no longer able to sustain the minimum wages of his employees in light of the current economic paths, which will lead to the transfer of the crisis, not its solution.

As some people think, then we need to have a brave economic confrontation to solve these problems without delay, and the important thing here is to realize that this issue is the responsibility of everyone, not just the government, and it has become a matter of following up the indicators of the non-oil economy in Iraq to reach the acceptable growth rates Sustainability is something

Necessary.

Here, I call for a pause in economic frankness or self-disclosure through the adoption of indicators of the non-oil economy (albeit in parallel with the indicators currently adopted) to guide them in setting a road map for the future that takes into consideration

Consider achieving the goal of sustainability in economic growth and public finance, to take advantage of all the positives achieved in the previous stage without reservation, and this step can be a starting point for a new phase that is in line with the requirements of the economic stage

And political.

The current oil market data and its repeated shocks on rentier economies in particular, including Iraq, confirmed that the medium term that the report spoke about could be closer

From what it looks like today and with this we have to remedy what we missed, and as it is said that starting late is better than not starting, and the question

Here when do we start?

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by **claud39** Wed Feb 19, 2020 7:03 pm

Parliamentary Legislature: The 2020 budget will see fierce battles between blocs, bargains and extortion

18/02/2020

Economist: The delay in approving the budget hinders the work of the local and foreign investor %D8%AD%D8%B3%D9%8A%D9%86-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%A8%D9%8A-696x435

Economist: The delay in approving the budget hinders the work of the local and foreign investor %D8%AD%D8%B3%D9%8A%D9%86-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%A8%D9%8A-696x435

Information / private ..

The Parliamentary Legal Committee confirmed, Tuesday, that the 2020 budget law will witness fierce battles in Parliament, bargains, concessions and passage of disputed laws within the budget deal.

A member of the legal committee, Hussein Al-Oqabi, told / "Information" that "the draft 2020 budget law will be delayed until the end of next April in the event that the political blocs are able to resolve the vote on the government of Muhammad Allawi this month."

He added that "there are major differences on the draft budget law 2020 between political blocs", noting that "the budget law will witness fierce battles in the parliament and be subject to bargaining and blackmail by some political blocs."

He pointed out that “there are political blocs that have political stances and others that have decisions that they want to pass, which will depend on the draft budget to pass in exchange for voting on the draft budget for 2020.”

Ended 25 and

https://www.almaalomah.com/2020/02/18/456540/

by **claud39** Wed Feb 19, 2020 7:11 pm

[size=36]Al-Attar diagnoses the most prominent causes of social resentment and determines the importance of some economic laws[/size]

02/19/2020

Economist: The delay in approving the budget hinders the work of the local and foreign investor 61922020_8cdafc7faeca56cb1467a1301331fe9e

Baghdad - Mawazine News,

a member of the Iraqi Economic Council, Ghadeer Al-Attar, on Wednesday, the reasons for the increasing social and economic curse in the country.

Al-Attar said in a statement that Mawazine News received a copy of it, "The most prominent causes of the continuous social curse in our country are the absence of justice and the inequality of economic and financial opportunities."

Al-Attar pointed out that "the importance of applying the labor law, especially in the private sector, is good, in addition to reviewing the pension system in general, and focusing on the importance of the private companies law and its establishment, the tax law, the currency window in the Central Bank of Iraq, and the private banking law."

Al-Attar called, "The Iraqi government to reconsider the way to study laws through the use of technicians and experts." Ended 29

https://www.mawazin.net/Details.aspx?jimare=86735

by **claud39** Wed Feb 19, 2020 7:44 pm

[size=36][rtl]Quick action[/rtl][/size]

Tuesday, February 18, 2020

Economist: The delay in approving the budget hinders the work of the local and foreign investor 980-Alsabbaq

Hussein Thagab

Successful economic experiences that left a mark on the global level, and were able to achieve sustainable development according to the paths that they adopted to reach the goal they seek, and led to changing the reality of the economy to a new stage better than it was, and many experiences in different continents of the world can not be hidden from

everybody.

And when searching for the merits of this matter, we found that the quick procedure that is adopted in the masses of the developed economy is the secret of success, as there is a great integration between the public and private sectors, and both of them perform their responsibilities in a completely and quickly without any complication, as the public sector works to organize the tracks of performance And in a manner that meets the aspirations of the authority that manages the economy, which defines the "private sector" implementing all the plans

Economic.

Successful global experiences are mentioned here and there continuously, and the call from economists and specialists about it rises to benefit from successful regional and international experiences, especially since Iraq has better ingredients than others, and it is almost unique to it from other countries of the globe, and here we must have a serious and national stand You go towards real work to translate the annual, five-year and ten-year development plans into reality.

Earth.

This inevitably needs to improve mechanisms for improving performance and avoiding all the complexity mechanisms that accompany the implementation of business, and for the real and specific private sector to have an active role in the sustainable development process that it seeks.

Iraq.

Today we urgently need to start a new stage that works to adopt the term "quick action", and thus a trend that needs to reform the work system in the public and private sectors, as the public sector is intended to perform faster in the process of doing business without any complication and in a way that supports development, On the other hand, there is a specific private sector that understands the size of the tasks entrusted to it, and is able to manage the helm of the Iraqi economy that is being monitored by the major international companies waiting to have the opportunity to be an active participant in the process of economic advancement and in a manner that benefits all

the parties.

Reaching our development goals is not difficult, but we need serious directions that support investments and investors and attract them with their advanced technology and capital to be employed in serving the economy of the country and the world, and here our slogan must be "the procedure

Rapid. "

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by **claud39** Wed Feb 19, 2020 7:50 pm

Governmental advisor: delay in sending the general budget law due to procedural issues

Economist: The delay in approving the budget hinders the work of the local and foreign investor %D8%A7%D9%84%D9%87%D9%86%D9%8A%D9%86-768x434

Economist: The delay in approving the budget hinders the work of the local and foreign investor %D8%A7%D9%84%D9%87%D9%86%D9%8A%D9%86-768x434

Abdel-Hussein Al-Hanin, advisor to the Prime Minister, attributed the delay in sending the general budget law to procedural issues.

Al-Hanin said in a statement, that the general budget for the current year is almost completely completed and that there are some opinions calling for the postponement of the law being sent to the parliament until the government’s vote is complete, pointing out that the decision to postpone in order to make the new government amendments to the paragraphs of the budget.

He added, that the news about the delay in approving the budget as a result of a large deficit are causes and information is inaccurate and naked.

https://altaghier.tv/2020/02/18/%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D8%AD%D9%83%D9%88%D9%85%D9%8A-%D8%AA%D8%A3%D8%AE%D9%8A%D8%B1-%D8%A5%D8%B1%D8%B3%D8%A7%D9%84-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2/

by **claud39** Wed Feb 19, 2020 9:07 pm

[size=36][rtl]Disclosure ... enhances the value of financial institutions locally and internationally[/rtl][/size]

Tuesday, February 18, 2020

Economist: The delay in approving the budget hinders the work of the local and foreign investor Alsabaah-31424

Economist: The delay in approving the budget hinders the work of the local and foreign investor Alsabaah-31424

Baghdad / Al-Sabah

The Executive Director of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, stressed the need to disclose in the financial institutions, for his role in enhancing its value locally and internationally, and its capabilities and performance improvement and reaching its service or restrictive goals that in any case serve the national economy.

Abdel Salam said: "Disclosure in economic institutions takes many forms and its follow-up is among the duties of the regulatory institution and society alike."

The real value

Abdul-Salam added, "We have previously demonstrated the need to pay attention to the market value of shares and compare them with the real value and the equivalent calculated in accordance with the disclosure criteria, and more importantly, interest in disseminating and clarifying these values in the performance contexts of the joint stock company, which has become known internationally and Arably to investor information or investor relations IR."

In the context of his responsibility and interest in the banking performance of Iraqi banks and their relationship with shareholders and investors, the Central Bank requested the registered Iraqi banks, whose shares are traded in the Iraq Stock Exchange, to pay attention to the bank's website through allocating an electronic window for investor relations (IR) on the bank’s website through which the publication Annual and quarterly reports, as well as publishing financial data analysis and comparisons with previous periods, as well as significant and influential contributions, and publishing analysis of performance and activity indicators and decisions of public body meetings , As well as the number of shares traded and their market value.

Disclosure mechanisms

And that "this procedure is considered an evolution in the Disclosure Mechanism," as most banks implement the above paragraphs and publish them in their annual report, which appears shortly before the meeting - and it is almost a historical financial report - at a time when the importance of disclosing the above paragraphs appears within a system. An electronic window in the bank is a guide to transparency and interest in the bank’s shareholders to inform them of performance indicators, especially when combined with trading indicators in the stock market and a catalyst to attract investors.

Publish the data

Abdel Salam stressed that "the purpose of publishing the above data and information is a start to the financial and informational disclosure required by the participating banking companies, especially when demanding the publication of an analysis of the relationship and impact of financial variables among them and the relationship of the stock return and the earnings per share with the market value. Which gives a true picture of the value of the stock in light of Financial indicators".

Stop trading

Abd al-Salam continued, "It remains to determine that violating this mechanism should not lead to stopping trading in the company's shares or imposing fines on the company itself, but rather resorting to more effective means of holding accountable the negligent," explaining, "the importance of this mechanism extends in disclosing the way to sites that It promotes unlicensed investment and is not based on legal approvals by the sectoral authority or by the Capital Market Authority in Iraq, by deluding society with unrealistic investment opportunities in global stock exchanges that adopt dealing without the lowest disclosure criteria.

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by **claud39** Wed Feb 19, 2020 9:15 pm

At the request of the Security Council, Iraq issues a list of the freezing of funds of 84 people and entities accused of financing terrorism

18:40 02/20/18

Economist: The delay in approving the budget hinders the work of the local and foreign investor 111942

Economist: The delay in approving the budget hinders the work of the local and foreign investor 111942

The Committee for Freezing Terrorist Funds of the Secretariat of the Iraqi Council of Ministers issued a list of 84 individuals and entities whose funds were frozen on the charge of financing .terrorism, at the request of the United Nations Security Council Baghdad Today) news agency publishes lists of names of names and entities whose funds) are frozen, based on what was approved by the Security Council Sanctions Committee regarding ISIS and al-Qaeda organizational activity, the provisions of the Anti-Money

Laundering and Terrorist Financing Law and what was adopted by the Terrorist Funds .Freezing Committee of the Council of Ministers in Iraq with its decision number 4 of 2020 To follow up the names and entities covered, follow the documents below

Economist: The delay in approving the budget hinders the work of the local and foreign investor 0c711373-d75b-49d8-83da-87007f7d85da

Economist: The delay in approving the budget hinders the work of the local and foreign investor 0c711373-d75b-49d8-83da-87007f7d85da

Economist: The delay in approving the budget hinders the work of the local and foreign investor Ef7dc94a-60e0-4cd8-a419-92b22ce3ec63

Economist: The delay in approving the budget hinders the work of the local and foreign investor 4e324825-de22-42ea-9332-e94df6489531

Economist: The delay in approving the budget hinders the work of the local and foreign investor 54c442f2-c433-45dd-b42d-89acffc2ff3a

Economist: The delay in approving the budget hinders the work of the local and foreign investor 9f5365fc-2a52-4c63-98cb-db007347e719

Economist: The delay in approving the budget hinders the work of the local and foreign investor 09eea092-9484-4889-8e99-baef58f80281

Economist: The delay in approving the budget hinders the work of the local and foreign investor Ebb82f78-5a67-47f2-9564-de141076ec59

Economist: The delay in approving the budget hinders the work of the local and foreign investor 1329574b-f705-4ffc-b2a5-b042e55836d6

https://baghdadtoday.news/news/110726/%D8%A8%D8%B7%D9%84%D8%A8-%D9%85%D9%86-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%A7%D9%85%D9%86-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7