The Finance Committee reveals obstacles to the implementation of the White Paper: Harmful to the interests of influential people
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
The Finance Committee reveals obstacles to the implementation of the White Paper: Harmful to the interests of influential people

Reporter of the Finance Committee, Ahmed Al-Saffar, revealed obstacles to the implementation of the White Paper, as it harms the interests of some influential people.
The official news agency quoted Al-Saffar as saying: The recommendations of the Finance Committee paper consist of a package of reforms consisting of three axes, the first is related to maximizing revenues and rationalizing or reducing expenditures, the second relates to re-correcting the course of the fiscal and monetary policy, and the third concerns the general economic policy in Iraq.
According to Al-Saffar, the white paper needs will, boldness and specialized management, revealing obstacles to the white paper represented by political, security and corruption aspects, as the paper aims at reforms that harm the interests of some influential people.
Regarding the time needed by the Finance Committee to approve the government's general budget for 2021, Al-Saffar said that it "needs more than a month at least."
Earlier, the Finance Committee in the Iraqi Parliament presented a set of "procedural proposals to address the financial crisis" in Iraq, including preparing a new salary scale, imposing annual taxes on cars, issuing an electronic dinar, imposing a sales tax system of 12% and compulsory insurance.
During the Finance Committee’s presentation of its proposals, which came in a document that Rudaw Media Network received a copy of, it said that this is its vision to address the economic and financial crisis in Iraq "quickly and directly, according to a set of procedural proposals that focused on maximizing revenues and rationalizing expenditures."
Among the parliamentary finance proposals: immediate activation of compulsory collection of services provided to government, commercial, industrial, agricultural and household institutions, directing the budget for salaries, purchasing the ration, medicine, water stations and the educational process only, and preparing a new salary scale.
The Parliamentary Finance also proposed imposing a sales tax of 12%, transferring the sectors of distributing petroleum products, refineries and bottling gas to the private sector, and stopping the free distribution of petroleum products to any party.
Amending the laws on insurance to comply with compulsory insurance for cars, expatriates, travelers, gas stations, imported materials, companies, crude oil, housing units, and others, among the proposals submitted by the Parliament.
Parliamentary finance did not stop at these proposals, and it was also suggested that the Iraqi public budget be limited to salaries and buy the ration, medicines, water stations and the educational process only.
The Iraqi Council of Representatives voted at dawn on Thursday (12 November 2020) on the fiscal deficit financing law, with the aim of providing the necessary funds to secure employee salaries and government expenditures.
Since it was granted confidence last May, Mustafa Al-Kazemi's government has been suffering from an economic crisis due to the drop in oil prices and the Corona pandemic, and that crisis was reflected in the salaries of employees.
https://www.rudaw.net/arabic/business/291120201
GirlBye- VIP Member
- Posts : 1481
Join date : 2018-07-09
Location : So Cal
claud39 likes this post
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Al-Rafidain directs the continuation of the follow-up of the retrieval of the money of Basmajah loans
» An Iraqi bank announces that it has reached the highest credit rating in the country
» Parliamentary Finance confirms its intention to reduce total expenditures and maximize revenues in the 2021 budget
» Deputy: Submitting a parliamentary request to resolve the issue of customs tariffs on raw materials
» Oil Minister: Importing gas is indispensable
» The Iraqi judiciary responds to the Iranian Foreign Ministry regarding the arrest warrant against Trump
» KTFA Chat
» Militiaman.. update---The numbers after the second reading are very key..
» Judy says - Comptroller of Currency has informed all banks that the US dollar would revalue on Jan. 27 (No Dinar RV?) 1/14/21
» COFFEE WITH MARKZ - Video and Transcript -- Jan 14 2021
» FLEMING Report: Sudden Chinese decision shakes the corners of the entire world
» Currency365 VIDEO -- Footforward "Iran Blackout/Global Reset" Part 1
» Mnt Goat News Brief (And Internet Panhandling) 1/14/21
» Mnt Goat says -- it appears the strategy of collecting the dinars has worked and the funds are now available to loan out.
» MarkZ believes -- we are in the final days and things will be playing out quickly.
» Pimpy says he does not anticipate it being devalued very long...
» Jeff announces -- They're now in forward motion to change the rate.
» FRANK26 says -- I'd like to say to you they are done..
» Bruce says -- there are things that are planned and will manifest in the next week or so - The story is not over
» A meeting of the Joint Energy Committee between Iraq and the United States
» THE ARAB MONETARY FUND, IN COOPERATION WITH THE INTERNATIONAL MONETARY FUND'S CENTER FOR ECONOMICS AND FINANCE IN THE MIDDLE EAST, ORGANIZES A REMOTE COURSE ON "MONETARY AND FINANCIAL STATISTICS (PRELIMINARY)"
» The Minister of Interior praises the work of the border guards .. they are the knights of the country and the gate to the security of Iraq
» The Red Cross closes the case of 20 missing and captive people in the invasion of Kuwait
» The Minister of Finance reveals the imminent launch of a package of measures to mitigate the effects of the devaluation of the dinar
» The International Monetary Fund is "satisfied" with Iraq ... and talks about economic progress
» Article 140 postpones the settlement of constitutional amendments
» The Iraqi parliament moves to change the price of oil in the budget
» Iraq offers a new shipment of oil for sale through "prepayment"
» Agriculture: The government proposed to its Iranian counterpart to pay off the debts by purchasing Iraqi barley
» Parliamentary Finance discusses reducing the budget of the three presidencies
» International Development Bank: The White Paper on Restructuring the Banking and Financial System
» DOLLAR FALLS AGAIN AGAINST IRAQI DINAR IN ONE DAY
» FLEMING's Boring UPDATE for , 13 JAN
» Currency365 VIDEO on the -- Update Price On Vietnamese Dong
» Mark Coffee Time VIDEO and Transcript -- Jan 13
» THE BIG CALL HIGHLIGHTS, 13 JAN
» Adam Montana claims that -- The way things are going, we could see an RV early this year.
» Bruce says --they are pretty much set on “go”
» Frank26 says -- he has a strong feeling we're gong to see the new exchange are in about 10 days.