Early Tuesday Morning Iraq News 4-19-22

Early Tuesday Morning Iraq News 4-19-22

Government Advisor: Changing The Exchange Rate Added To The Ministry Of Finance 20 Trillion Dinars

Posted On2022-04-19  By Sotaliraq   A financial advisor in the Council of Ministers confirmed that changing the dollar exchange rate added to the Ministry of Finance 20 trillion dinars last year, pointing out that the amount is equivalent to what the state receives from non-oil revenues.

The chancellor criticized the House of Representatives for canceling allocations aimed at addressing the economic damage resulting from the decision, indicating that more than 25% of the Iraqi people live below the poverty line, stressing that the actual revenues of the customs apparatus do not exceed 10% of what it achieves.

Mazhar Muhammad Salih said in a television interview, which was followed by (Al-Mada), that "the decision to reduce the value of the Iraqi dinar against the dollar by 23%, had primary and basic objectives as a financial tool."

He continued, "When the Ministry of Finance sells the dollar to the Central Bank at the new price, it will get more revenues than it was getting in the past."

He pointed out, "The Ministry of Finance obtained, as a result of this decision, 20 trillion Iraqi dinars, and this amount is not small and is equivalent to non-oil revenues compared to last year's budget, which was also 20 trillion dinars."

Saleh pointed out that "a number of measures should have been taken in the face of this decision, including reducing the poverty gap," noting that the House of Representatives reduced the spending ceiling in the budget from 169 to 129 trillion.

Saleh stressed, "Part of this reduction was related to supporting the vulnerable segments, and therefore the parliament bears the responsibility as well."

He continues, "The area of ​​poverty in Iraq is expanding, and it currently ranges between 25 to 30%, and this means that more than a quarter of the population lives below the poverty line."

And Saleh added, "There are areas in the south of the country, including Al-Muthanna Governorate, completely crushed, and the state's social and moral function is to intervene to deal with the economic damage that is occurring."

He went on to say, "Expenditures based on the previous budget according to the Financial Management Law are no longer sufficient," explaining that "the price of a barrel of oil based on the previous budget created a small deficit in a way that we can say that it (the budget) was balanced to some extent."

Saleh added, "The new requirements, in front of a large financial abundance achieved by oil revenues, are pressing towards searching for solutions in order to confront the poverty crisis."

He continues, "The government had two options, either to present the draft budget law, or to present an exceptional project that deals with those variables represented in the Emergency Support Law for Food Security and Development, and it resorted to submitting the latter to the House of Representatives for approval."

Saleh stressed, "The customs revenues, according to the current import rates, are supposed to come to us about 10 billion dollars annually, or no less than 8 billion dollars as a minimum estimate."

He explained that "the actual revenues generated by the customs are about one billion dollars annually or less, and the rest goes to exemptions and false estimates."

And Saleh went on to say, "The customs apparatus is experiencing a state of improvement by resorting to electronic means, and thus we have overcome many false estimates, but the problems do not end.   LINK

Al-Halbousi: International Challenges Require Us To Zero In On The Crisis

Politician   04/19/2022   The Information/Baghdad:  Parliament Speaker Muhammad al-Halbousi confirmed, on Tuesday, that the formation of the new government is imminent, noting that international challenges necessitate the political forces to participate in resolving and zeroing crises.

Al-Halbousi said in his speech during the celebration of the anniversary of the establishment of the Badr Organization and its follow-up (the information), that "it is necessary to strive to strengthen the pillars of the state and to move towards forming a government capable of ending crises."

He added, "The global challenges and the great crisis obligate all political forces and Iraq's neighbors to cooperate and zero crises to bypass the grant of high prices and other strategic issues."

Al-Halbousi explained, "The next government will be formed soon and will start building a strong state with full sovereignty," noting that "the House of Representatives continues to support the adoption of a food security law to help citizens." finished/25 d   https://almaalomah.me/2022/04/19/593689/

After Yesterday's Meeting, The Framework Shows "High Flexibility" To Get Out Of The Political Blockage

Politician  Last Update 04/19/2022 |nformation / Baghdad..  The deputy of the coordination framework, Rafiq Al-Salihi, confirmed, on Tuesday, that the framework forces and their allies believe that the political blockage cannot continue, and the street is watching the stagnation of the political forces, indicating that the framework forces and their allies have shown their willingness to offer high flexibility in order to get out of the political blockage crisis. .

Follow the “Al-Maalouma” channel on Telegram.. News that does not need documentation. Al-Salihi said in a statement to “The Information” that “prolonging the agreement on forming the government and naming the President of the Republic has become a concern for many deputies and some political forces for fear of reaching the unknown because the framework forces and those allied with him They see the impossibility of continuing the state of political obstruction, and the street is watching the stagnation of political forces.”

He added, "Our absolute belief that the crisis and the political blockage will not be resolved unless concessions are made by all political forces and a state of intransigence is left, because stubbornness does not lead to any solution."

Al-Salihi pointed out that "the framework forces and their allies have expressed their willingness to offer high flexibility in order to get out of the political impasse." https://almaalomah.me/2022/04/19/593705/

Allawi: The Constitution Was Written With Pure American Will, And There Are 3 Different Copies Of It

Politician  Last Update 04/19/2022  The Information/Baghdad.. Former Prime Minister Iyad Allawi revealed, on Tuesday, the extent of the American interference in writing the Iraqi constitution, accusing the American ambassador of dictating to the Iraqi political forces in order to bring out the constitution below the standard, pointing out that there are 3 different copies of it.

Follow the “Al-Maalouma” channel on Telegram.. News that does not need documentation. Allawi said in a televised interview followed by “The Information” that “the American side wanted to write the constitution urgently and forced the political forces to write it in a legally unprofessional way, and it was passed in just two months.”

He added, "The American ambassador, Zalmay Khalilzad, used to hold daily meetings to persuade the political forces to finalize the constitution and pass it by any means."

Allawi pointed out that "the current constitution contains many errors, including 58 paragraphs of it, which are currently empty and frozen because of writing a phrase and regulated by law, and so far the necessary laws have not been legislated for it," noting that "the constitution after it was passed contains 3 copies that differ in its provisions, which is surprising and has been added after Paragraphs or grammatically corrected after its approval. finished/25 d    https://almaalomah.me/2022/04/19/593712/

Is It Possible To Pass The Budget Of The Caretaker Government Without Final Accounts?

ECONOMIC  LAST UPDATE 04/19/2022  Information / Baghdad… The legal expert, Ali Al-Tamimi, explained the possibility of passing the 2022 budget without final accounts for what preceded it, as well as clarifying the constitutionality of passing the budget by Parliament despite the fact that the government is a daily business.

Follow the “Al-Maalouma” channel on Telegram.. News that does not need documentation. Al-Tamimi told Al-Maalouma, “The House of Representatives has the possibility to ask the caretaker government to send the budget law to Parliament, because this is related to food security, which is one of the government’s first priorities. managing everyday affairs.”

He added that "authorizing the government to send the budget requires a vote of the absolute majority of the number of parliament members, that is, the total number plus one, and that this right is limited only to the budget law only."

Al-Tamimi explained, “Sending the budget after authorizing the government to do so must be preceded by the approval of the final accounts of the previous year’s budget in accordance with the Financial Management and Public Debt Law No. 6 of 2019, as this is implemented in accordance with Articles 62, 5 and 61 of the constitution and 12 and 13 of the Financial Management and Public Debt Law. No. 6 of 2019 and Articles 128 to 138 of Parliament’s bylaws.    https://almaalomah.me/2022/04/19/593631/

The Tire And Its Allies Are Looking At Al-Maliki's House For A "Road Map" To End The Blockage

Shafaq News/ The comprehensive coordination framework of all Shiite political forces, with the exception of the Sadrist bloc led by Muqtada al-Sadr, stressed, on Monday evening, the need to proceed with the presentation of a "road map" to bring about a breakthrough in the political process and form the new government.

This came during a meeting held by the coordination framework, with its allies (the Patriotic Union of Kurdistan) and (the Alliance of Resolve) this evening, in the office of the head of the State of Law coalition, Nuri al-Maliki, according to a statement received by Shafaq News Agency.

According to the statement, the meeting discussed developments in the political situation and outputs that would end the current political stagnation.

The gathered forces stressed the importance of "continuing efforts to find a way out of the political crisis, which requires all parties and national forces to give up their own interests for the benefit of the citizen and to proceed with a (road map) that will break the blockage, and move to practical steps to form the government and meet the demands of the Iraqi people."

The meeting stressed, according to the statement, the need to "accelerate the development of the broad outlines of the road map, and immediately start a dialogue with all political forces and sit at a dialogue table for the sake of understanding, strengthening the democratic process, protecting it from chaos and restoring the confidence of the Iraqi citizen in the existing political system."

The leader of the Sadrist movement, Muqtada al-Sadr, had set on March 31, a deadline of forty per day on what is known as the blocking third consisting of the coordination framework and allied deputies, to form a government independent of the Sadrist bloc.

Al-Sadr’s position came after the Iraqi parliament failed for the third time in a row to hold a session to elect a new president for the country due to the intensification of the dispute between the Triple Alliance (the Sadrist bloc, the Kurdistan Democratic Party, the Alliance of Sovereignty), and the coordinating framework that includes Shiite political forces.

For his part, the coordination framework responded, last week, to Al-Sadr's deadline, and indicated that he is not at all concerned with setting time limits that will only result in prolonging the political impasse and disrupting people's interests.

In a statement received by Shafak News Agency, the framework confirmed that it is striving with all its might to reach realistic understandings with other political forces away from exclusivity or exclusion and based on not making the largest component the smallest and weakest components.   LINK

Al-Kazemi's Advisor: The Financial Abundance Will Address The Problems Left By The Economic Crisis

Economy News – Baghdad   Today, Monday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, put forward mechanisms to address poverty, unemployment, inflation and price hikes.

Saleh told the official news agency, "The financial abundance achieved as a result of the rise in international oil prices, and then the increase in the country's oil revenues, will address the social and economic problems left by the current economic crisis and its inflationary repercussions on the local economy, especially its impact on social groups."

He explained, "The rise in food prices has had a significant impact on people with limited incomes, in particular, and now constitutes 80 percent of their income, which will lead to an increase in poverty rates in the country," noting that "monetary policy follows the performance of fiscal policy accurately and its role in raising income levels. and livelihood for the affected classes and the advancement of the policy of operating projects, which leads to raising population growth rates.”

He added, "The indicators of poverty and unemployment can recede through 4 measures represented in supporting social welfare, supporting the components of the ration card, supporting the prices of agricultural crops and grains, in addition to operating important lagging projects," noting that "the role of fiscal policy lies in the full use of financial surpluses. Face, even if there are some indications of a rise in prices, as long as the requirements for protecting the poor classes are provided by subsidizing incomes and prices and providing real income that supports those affected social segments.

He continued, "Fiscal policy is working to combat the repercussions of rising inflation, as monetary policy will have a broader role in the development of the country's reserves that support the purchasing power of the dinar, allowing the defense of monetary income and a broader purchasing power through a strict monetary policy."   https://economy-news.net/content.php?id=27662