Friday AM Iraq Economic News Highlights 12-2-22
Friday AM Iraq Economic News Highlights 12-2-22
"No Appointments In The 2023 Budget"... Iraq's International Commitments May Overthrow Government Employment
2022-12-01 11:38 Shafaq News/ The economist, Ahmed Fouad, suggested, on Thursday, that there will be no "real appointments" in the 2023 budget, due to Iraq's commitments with the World Bank, calling for finding alternatives to government jobs and moving towards the private sector.
Fouad told Shafaq News agency, "The draft budget law for 2023 is still in the Ministry of Finance, and it will be transferred during the current month to the Prime Ministry to present it to Parliament early next year, and then decide on the budget after the first, second and third readings."
The economist ruled out the existence of new appointments in the 2023 budget, attributing this to the fact that "Iraq is subject to the conditions of the World Bank, just as the country has borrowed large sums of money from external parties, and the World Bank has set a set of conditions, including not providing additional appointments at the expense of the government."
Fouad pointed out that "the new appointments may be a kind of street gain, for political purposes," calling on "the government to transfer the sums it will allocate for appointments to the private sector in order to find alternatives to jobs, and these alternatives will be double if the government is able to exploit them properly." .
And he continued, "In the end, these amounts will be exploited in practice, and there will be no real appointments within the new budget, even if approved, they will not be implemented, due to commitments with the World Bank."
A source in the Iraqi Ministry of Finance revealed, the day before yesterday, the details of the general budget for the next year 2023, which it is hoped will discuss within the Council of Ministers next week and then send it to the House of Representatives.
The source told Shafaq News agency, "The total amount in the budget law is estimated at 140 trillion dinars, with a financial deficit estimated at 35 trillion dinars," indicating that "the law calculated the price of oil at 65 dollars per barrel, but the total amount, the deficit, and the price of oil will change towards a decrease through discussion The draft law and its approval in the Council of Ministers session. LINK
The Three Presidencies Stress The Necessity Of Enacting The Budget Law And Strengthening Measures To Preserve Public Funds
Friday, December 2, 2022 12:14 am Baghdad / The National News Center The three presidencies held, today, Thursday, at the Peace Palace in Baghdad, a meeting that included the President of the Republic, Abdul Latif Jamal Rashid, the Prime Minister, Muhammad Shia Al-Sudani, and the Speaker of Parliament, Muhammad Al-Halbousi.
And the Presidency of the Republic stated in a statement received by the National News Center that “the meeting discussed the overall political, economic and security situation in the country, and ways to support the government in implementing its program and in a manner that ensures the provision of the best services to citizens.”
The statement added, "The meeting emphasized the importance of unifying political discourse at the local and international levels, and the need to legislate the laws that were agreed upon in the political agreement and within the specified periods for them."
He explained that "the meeting stressed the need to proceed with the holding of provincial elections next year, according to what was emphasized in the government curriculum."
And he indicated that “the economic situation in the country was discussed, and the need to legislate the budget law was emphasized, and the importance of strengthening measures to preserve public money, combat corruption, and promote reform steps in this regard. The conditions of the displaced in the country were also discussed, as the meeting stressed the need to make more efforts to end their suffering and work for their return to their homes in a way that guarantees them a decent, safe and stable life.” https://nnciraq.com/169051/
An Economist Rules Out The Existence Of New Appointments In The 2023 Budget
Money and business Economy News – Baghdad The economist, Ahmed Fouad, suggested that "real appointments" would not be available in the 2023 budget, due to Iraq's commitments with the World Bank, calling for finding alternatives to government jobs and moving towards the private sector.
Fouad said, "The draft budget law for 2023 is still in the Ministry of Finance, and it will be transferred during the current month to the Prime Minister's Office to present it to Parliament early next year, and then decide on the budget after the first, second and third readings."
The economist ruled out the existence of new appointments in the 2023 budget, attributing this to the fact that "Iraq is subject to the conditions of the World Bank, just as the country borrowed large sums of money from external parties, and the World Bank set a set of conditions, including not providing additional appointments at the expense of the government."
Fouad pointed out that "the new appointments may be a kind of street gain, for political purposes," calling on "the government to transfer the sums it will allocate for appointments to the private sector in order to find alternatives to jobs, and these alternatives will be double if the government is able to exploit them properly." .
Fouad continued in an interview with "Shafaq News" agency, followed by "Al-Iqtisad News", "In the end, these amounts will be used practically, and there will be no real appointments within the new budget, even if approved, they will not be implemented, due to commitments with the World Bank."
Views 159 Added 12/02/2022 - 9:22 AM Updated 12/02/2022 - 2:14 PM
Vian Sabry: It was called for allocating a budget to activate Article 140
Posted On2022-12-02 By Sotaliraq Yes, and we want to resolve the issue in accordance with the constitution and the constitution is clear,” stressing that “every decision issued on the oil and gas law in the Kurdistan Region should be by mutual agreement.”
Sabri pointed out, “The State Administration Coalition touched on Article 140 of the constitution, and set a financial budget to activate the committee concerned with the case. The issue cannot be resolved through words only, and a budget for compensation must be set.”
The Kurdistan Region’s share of Iraq’s general budget for the year 2023 is a major focus of the Kurdish delegation’s discussions with the federal government in Baghdad. In this regard, Sabri stated: “We demanded 17%, and there was a discussion about sending the amount that is determined in full to the Kurdistan Region, because the full amount did not arrive. to the Kurdistan Region sometimes previously.
And she emphasized: “We see that Baghdad has a serious intention to solve problems, some of which date back to 2005. It is possible that some of Iraq’s problems are caused by not resolving these files, and it is expected that their solution will lead to stability in Iraq and the Kurdistan Region, so it must be resolved.” LINK
The Kurdistan Region Proves Its Share In The Next Year's Budget.. How Much?
Political | 08:26 - 11/30/2022 Special - Mawazine News The Kurdistan Democratic Party confirmed, on Wednesday, that the region has confirmed its share in the next year's budget.
The leader of the party, Mahdi al-Faili, said in an interview with Mawazine News, "The region's delegation, which visited Baghdad, established a number of points, most notably the region's share in the budget and setting a time period for approving the oil and gas law."
He added, "It was agreed that the region's share would be 14% with its commitment to deliver its oil imports to Baghdad," adding that "it was also agreed to approve the oil and gas law for a period of time not exceeding 3 months only." https://www.mawazin.net/Details.aspx?jimare=212875
Member Of Parliamentary Finance: The Budget Will Exceed The Barrier Of 210 Trillion Dinars, And These Are Its Priorities
Political | 09:18 - 01/12/2022 Baghdad - Mawazine News,a member of the Parliamentary Finance Committee, Muhammad Nuri Aziz, revealed today, Thursday, that the federal budget for 2023 will amount to more than 210 trillion dinars.
Aziz said in an interview with the official newspaper, "Al-Sabah", followed by Mawazine News, that "one of the priorities of the next year's budget is to launch appointments for the degrees of deletion and creation, in addition to the infrastructure for which very large sums will be allocated in the regional development program and may reach more than 8 trillion dinars." For the first time in the history of the country's budgets after 2003.
He added, "The allocated funds will flow to the projects of the Ministries of Construction and Housing, Municipalities and Public Works, Electricity, Planning, Labor and Social Affairs, especially for the benefit of the poor and the Social Welfare Program," noting that "the sums allocated to these sectors will be very high due to the presence of financial abundance, and the priority of the current government that It was described as a "service government" within the platform of Prime Minister Mohammed al-Sudani.
Aziz pointed out that "good funding will be provided for the next year's budget due to financial abundance and the rise in oil prices due to the Russian-Ukrainian war, which gives Parliament the freedom to increase allocations for another group of groups."
And he continued, "The next year's budget will exceed the barrier of 210 trillion dinars based on the actual need of the country, especially since the year 2022 did not witness a vote on the budget, which led to rotating degrees of deletion and creation, in addition to the existence of significant allocations for the security services and their needs." https://www.mawazin.net/Details.aspx?jimare=212907
Mandalawi: Iraqi Water Security Is In Danger
Political | 02:15 - 01/12/2022 Baghdad - Mawazine News, First Deputy Speaker of Parliament Mohsen Al-Mandalawi called, on Thursday, for urgent international action in order to preserve the future of future generations from the threat of climate change and its "devastating" effects that threaten the globe, indicating that Parliament will spare no effort in supporting the National Energy Initiative. Water and climate are regulated and legislative because they represent "extreme importance in facing difficult challenges" in this aspect.
A statement by Al-Mandalawi's office stated, "This came during his (Al-Mandalawi) sponsorship today, Thursday, of the introductory symposium on the National Energy, Water and Climate Initiative, which was held by the Parliamentary Research and Studies Department in the Parliament building, in the presence of a number of deputies, the head of the national initiative team, Jassem Al-Falahi, and the head of the National Initiative team. ISO energy Shaima Mazhar, and a group of researchers and specialists.
Al-Mandlawi said, "Iraq suffers from declining water resources, desertification, and the spread of cancerous diseases as a result of radioactive pollution, the deterioration of the state's infrastructure, and lack of concern for the environment," adding that "water security in Iraq constitutes a major challenge because of the dams that were built by neighboring countries without taking into account Iraq's water rights."
And led to the destruction of large areas of agricultural land and the draining of the marshes, and that these problems and challenges require a serious and real stance to confront them, and that the House of Representatives will send a parliamentary delegation accompanied by the Minister of Foreign Affairs to visit Turkey to discuss Iraq’s water share.
The statement continued, “The symposium included a number of speeches, research and interventions to enrich the symposium and come up with a number of important recommendations, including the speech of the head of the National Initiative for Energy Support and Emissions Reduction, Jassem Al-Falahi, and the speech of the Director General of the Parliamentary Research Department, Mayada Al-Hijami, on the role of Parliament in supporting the national initiative, and presenting A summary of the five-year plan and the required procedures delivered by the ISO Energy team leader. Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=212936
Oil: More Than $8 Billion In Iraq's Revenues For The Past Month
Economie 14:33 - 12-01-2022 Today, Thursday, the Ministry of Oil announced that Iraq's revenues for the past month amounted to more than 8 billion dollars, indicating that the average price per barrel amounted to more than (82,417) dollars.
The ministry said in a statement, "According to preliminary statistics issued by the Iraqi Oil Marketing Company (SOMO), the total amount of exports of crude oil for the month of November last amounted to (99) million (867) thousand and (946) barrels, with revenues amounting to ( 8.231) billion dollars.
She added that "the total quantities of crude oil exported for the month of November from the oil fields in central and southern Iraq amounted to (97) million and (204) thousand and (696) barrels, while from the fields of Kirkuk through the port of Ceyhan, the exported quantities amounted to (2) One million and (363) thousand and (20) barrels,” noting that “the average daily quantities exported amounted to (3) million and (329) thousand barrels per day.”
And she stressed that "the average price of one barrel amounted to more than (82,417) dollars."
It is noteworthy that the Ministry of Oil, through its belief in informing the people of export operations and the revenues generated from it, has taken this monthly procedure. https://kirkuktv.net/AR/Details/11172
Deputy Reveals The Last Stages Reached By The Budget
Sumerian special 2022-12-01 | 13:35 Source: Alsumaria News 6,564 views Speaking about the role of governors, he explained, "President Council of Ministers He gave all governors a period not exceeding 6 months to present their achievements, and there is a committee and a coordination office between the provinces that undertakes follow-up and evaluation of projects,” noting that “Parliament did not discuss the replacement of governors, as it was rumored in the recent period.” LINK