Iraqi News Friday AM 4-23-21

TLM724 Administrator BondLady’s Corner

Economic For / NINA / Appeal Of The Provisions Of The Budget And Its Late Approval Will Negatively Affect The Iraqi Economy

Friday 23, April 2021 09:46 | Economical Views: 419 Baghdad / NINA / The specialist in economic affairs, Ali Jabbar Al-Freiji, confirmed that the government’s objection to the budget clauses and their delayed approval and implementation will have a negative impact on the Iraqi economy.

Al-Freiji said in a statement to the Iraqi National News Agency / NINA / that "the 2021 budget was not less fortunate than previous budgets with chaos and turmoil, not to mention the absence of economic goals and strategies in budget preparation and how to deal with and build it, as it took unconstitutional and legal paths, including: delay in approving it." Significantly, by the government and parliament, and exceeding the time periods, indicating that the Parliamentary Committee took more than its role in dealing with the 2021 budget, as it committed violations through amendments, addition, and changes in the budget paragraphs and worked hard with mistakes.

He indicated that the correct course is to return to the government to review the proposals for amendments submitted by Parliament to return them to it for approval, "but it came out of Parliament with its approval, and the Presidency of the Republic approved it without a correct economic review or questioning the government, which is responsible for implementing its opinion or objections, indicating that the unrest In the articles and paragraphs of the 2021 budget and the intention of the government that prepared the budget mainly to submit it to appeals, it indicates that the budget was manipulated with an uneconomic thought and the additions were the efforts of the Parliamentary Committee.

He continued: "Adding to this chaos is the intention of some political blocs to present appeals against other paragraphs and articles in The same budget, and thus the general budget is one of the most turbulent budgets in the world and its distancing from construction and successful economic investment for the future of the country, and it is dealt with on the principle of distributing grants, gifts and negative disbursements.

He pointed out that "the budget represents the government's economic thought in how to manage the financial revenues and economic construction of state institutions and others during a fiscal year, which ends with final accounts explaining the reasons for the success or failure of the budget preparations adopted by the government and is being held accountable for it. This thought is not applicable in Iraq."

He explained that "the process of appealing the budget paragraphs means we are waiting for the decisions of the Federal Court that will assign a specialized team to consider these appeals. This means delaying the work of the contested articles that are also related to the budget - and this delay is added to the four months of the fiscal year 2021 by which the government and parliament passed the budget approval," In the sense of other administrative and economic chaos.

He continued: Everyone did not understand the negative effects that the delay and disruption of budget preparation creates is not internal, but the volume of negative reports recorded by the global economic and financial institutions, including the International Monetary Fund, the World Bank, and the donor countries of loans on the continuing disturbances in the approval of the Iraqi budget, as well as the perception of these reports is one of the big drawbacks.

It is that the budget is manipulated by the power of political and not economic thought, and this is another and bigger catastrophe. https://ninanews.com/Website/News/Details?key=900662

Representative Economics: Treatments For High Exchange Rates Need This?

Political| 01:46 - 04/23/2021 BAGHDAD - Mawazine News The Parliamentary Economic and Investment Committee confirmed, on Friday, that the treatment of the exchange rate hike needs time.

A member of the committee, MP Salem Al-Tufayli, said, according to the official agency, that "the real solutions to the exchange rate increase need time to stabilize the market."

He added that "many MPs demanded a reduction in the dollar price, not at the previous rate, but rather gradually so that the citizen would not be affected economically," noting that "the citizen with limited income and the poor was affected by the change of the exchange rate."

He pointed out that "the budget supported the private sector and large projects in order to attract part of the workforce so that there would be a work movement."

He explained, that his committee "presented a program and recommendations to the prime minister that included supporting the private, agricultural and industrial sector," explaining that "Iraq has all the infrastructure to improve the agricultural and industrial reality, but it needs honest and efficient hands." Ended 29 / A 43+ https://www.mawazin.net/Details.aspx?jimare=150738

Parliamentary Economics And Investment: Treatments For High Exchange Rates Need Time

Friday 23, April 2021 13:58 | Economical Views: 193 Baghdad / NINA / The Parliamentary Economic and Investment Committee confirmed, on Friday, that the treatment of the exchange rate increase needs time.

A member of the committee, MP Salem Al-Tufayli, said in a press statement, "The real treatments for the exchange rate increase need time to stabilize the market."

He added that "many MPs demanded a reduction in the dollar price, not at the previous rate, but rather gradually so that the citizen would not be affected economically," noting that "the citizen with limited income and the poor was affected by the change of the exchange rate."

He pointed out that "the budget supported the private sector and large projects in order to attract part of the workforce so that there would be a work movement."

He explained that his committee "presented a program and recommendations to the prime minister that included supporting the private, agricultural and industrial sector," indicating that "

https://ninanews.com/Website/News/Details?key=900695

Dollar Exchange Rates In The Iraqi Market For Today

Political| 03:13 - 23/04/2021 Baghdad - Mawazine News / Mawazine News / publishes the exchange rates of the dollar in local markets on Friday (April 23, 2021).

The dollar against the Iraqi dinar prices , exchange offices: the sale price of the dollar 147,800 purchase price of the dollar 147,300 approximate price of the dollar against the Iranian Altoman Baghdad , US $ 100 2,440,000 Toman approximate foreign world currencies 100 euros 120,05 dollars 100 pounds 138,74 dollars US $ 100 834,6 Turkish Lira metals The price of an ounce of gold globally $ 1788

oil price of a barrel of Brent crude oil 65,58 dollars per barrel of crude oil , US 61,74 dollars

https://www.mawazin.net/Details.aspx?jimare=150748