Iraqi News Saturday AM 11-7-20
Iraqi News Saturday AM 11-7-20
TLM724 Administrator BondLady’s Corner
Parliamentary Finance Objects To The Failure To Submit The Draft General Budget For The Year 2020
Pratha News Agency43 2020-11-07 On Saturday, the Finance Committee expressed its objection to not presenting the draft general budget for the year 2020.
The Media Department of the House of Representatives said in a statement that "the Parliamentary Finance Committee expressed its objection to the failure to submit the draft general budget law for 2020, contrary to the Federal Financial Management Law." http://burathanews.com/arabic/economic/379980
The Financial Committee Discusses Its Report On The Fiscal Deficit Financing Law
11/07/2020 On Saturday 7/11/2020, the Finance Committee chaired by Deputy Dr. Haitham Al-Jubouri attended a meeting in which it discussed a number of topics on its agenda.
During the meeting held at its headquarters, the Finance Committee discussed the report prepared by the committee on the terms and articles of the draft law on financing the fiscal deficit submitted by the government after its delay in sending the Federal Budget Law for the year 2020 and the continuation of crude oil prices at low levels and in order to finance the necessary public expenditures.
He stressed the Chairman of the Finance Committee d. Haytham al-Jubouri stressed the need to squeeze the amount of borrowing because it is exaggerated and burdens the state, and future generations carry large debts, as well as the concentration of borrowing within the scope of the necessary expenditures, which are the salaries of employees and retirees, procedures, contracts, the social welfare network, farmers ’dues, medicines and the ration card.
The interventions of the ladies and gentlemen of the members of the Finance Committee focused on the report and discussed ways to overcome the financial crisis through the government taking real reform steps in maximizing state revenues, such as automating customs and outlets, drying up the sources of corruption in them, collecting electricity and collecting government revenues from service wages and canceling all customs exemptions except for those issued. Including special laws.
The committee also called for the collection of government debts owed by telecommunications companies and institutions operating in Iraq, as well as not relying on borrowing policy and excessive exceeding the limits of public debt levels and burdening the Iraqi economy with debt.
The committee also called for supporting investment projects according to disbursement mechanisms that adopt fairness in distribution, after which the committee decided to raise the law to the second reading. Media Department House of Representatives 7-November-2020 LINK
Parliamentary Finance For / NINA /: We Informed The Ministry Of Finance To Provide Tables And Statistical Data On The Government Loan
Saturday 07, November 2020 14:43 | Political Views: 205 Baghdad / NINA / The Parliamentary Finance Committee informed the Ministry of Finance to submit official statistical tables and data to show the details of the amount required for government borrowing in the Fiscal Deficit Financing Law.
"The dispute between the Parliament's Finance Committee and the government is an objection to the numbers because we need less than 10 trillion dinars to cover the salaries of employees for the next three months, and the government wants to borrow 41,"said a member of the committee, Deputy Abd al-Hadi al-Saadawi, in a statement to the Iraqi National News Agency ( NINA ). Trillion dinars. "
He added, "We have officially requested the Ministry of Finance to provide statistical data and tables to withdraw this amount from government banks, and therefore when the tables are sent, the Finance Committee can decide the amount of borrowing," indicating that "the borrowing law will not pass these numbers because they are incorrect and inaccurate, and are very exaggerated." .
A member of the Parliamentary Finance Committee ruled out proceeding with the second reading of "the report and discussion of the borrowing law" without the arrival of the data and statistical tables that the committee requested from the government. / End 5 https://ninanews.com/Website/News/Details?Key=867912
Parliament Votes On The Law On Iraq's Accession To The Asian Investment Bank Agreement
Time: 11/07/2020 15:38:39 Read: 923 times {Baghdad: Al Furat News} The House of Representatives voted to vote on a bill for the Republic of Iraq to join the Asian Investment Bank's infrastructure agreement.
The Media Department of Parliament said in a press statement that "the House of Representatives voted on the draft law on the accession of the Republic of Iraq to the Asian Investment Bank Infrastructure Agreement."
He added, "The House of Representatives voted on the draft law on the accession of the Republic of Iraq to the Second Protocol to the Hague Convention of 1954 on the protection of cultural property in the event of armed conflict."
The statement continued, "Parliament postponed the vote on the draft law ratifying the United Nations Convention on Transparency in Treaty-based Arbitration between Investors and States to its next session." LINK
Minister Of Industry: The Private Sector Facilitates The Transition To A Market Economy
Saturday 07 November 2020 27 Baghdad: Morning The Minister of Industry and Minerals, Manhal Aziz Al-Khabbaz, held a meeting with a number of commissioned directors and representatives of the 15 mixed sector companies supervised by the Ministry in accordance with Law 21 of the year 1997,
To discuss the production reality in these companies and to identify the most prominent problems and obstacles they face, and to find the necessary solutions for them.
The minister emphasized during the meeting, which was attended by the Director General of the Economic Department and his assistant, and the head of the mixed and private sector section at the ministry’s headquarters, that «revitalizing mixed sector companies will be a true model for the transition from the central economy to the market economy.
He pointed out that "these companies need a real vision and clear plans to advance them by finding solutions to their problems and developing appropriate legislation and laws." An evaluation of the transition from the stage of loss and stagnation to the stage of production and profitability.
The minister pointed out “the necessity to achieve competition in the local market through efficiency, performance and price,” pointing out that “companies generally lack efficient and correct marketing methods,” stressing that “the ministry seeks to contribute mainly to the Iraqi national product and has a role in food security. And industrial security ».
He said, "The industry used to contribute 15 to 16 percent of the gross domestic product, which necessitates laying the foundations and the right strategies for the resurgence of Iraqi industry." LINK
Strategic Planning Hosts The Minister Of Industry And Advanced Staff In The Ministry
11/07/2020 On Saturday 7/11/2020, the Committee for Monitoring the Implementation of the Governmental Program and Strategic Planning, headed by Deputy Hazem Al-Khalidi, Chairman of the Committee, hosted the Minister of Industry, Mr. Manhal Aziz and the advanced cadre in the Ministry.
The head of the committee presented a summary on the actual implementation of the "Made in Iraq clause," what are the tools prepared to activate it, the issue of administrative reform, and combating rampant corruption, stressing the committee's readiness to support the ministry in these files in order to make the ministry succeed and return it to the right path.
The committee discussed the ministerial curriculum for the Ministry of Industry and submitted by the government and the percentage of what has been achieved from the curriculum, as well as the reality of Iraqi factories and factories and what has been achieved of the slogan (Made in Iraq) mentioned in the ministerial curriculum presented by the government.
The committee members' inquiries focused on the Ministry’s procedures regarding offering profitable companies to investment while not losing money, renewing the contract with Al-Abd and the Swedish Eknet company for electric power, and the file for the conclusion of the contract on berth (11) around which suspicions of corruption hovered, in addition to the issue of iron transport ( Scrap) and the possibility of preserving it from looting to benefit from it.
The committee touched on the issue of industrial reform, especially in light of the current financial crisis, and what are the ministry’s plans to prepare and operate lagging factories and establish industrial villages for partnership with the private sector in investment projects, stressing the need to enhance non-oil revenues, as the committee expressed its readiness to support the ministry by voting the laws it needs.
In response to the committee’s questions, the Minister of Industry expressed his happiness for the committee’s interest in this sector, indicating that the ministry had suffered major calamities, the most important of which was the catastrophe of Bremer’s law, adding that there were problems in changing the ministry’s policies after 2003 because there was no effective and prior plan for that, explaining that the ministry’s mission In the current government, it is setting the necessary plans to end the bleeding in it.
Regarding the change of positions, the Minister of Industry revealed that a committee has been assigned to evaluate the general managers, which will submit its report every three months, while a number of directors have been changed on this basis, as he presented a detailed report to the committee in this regard.
He mentioned that the number of companies inside the ministry was 228 with 4 bodies and formations, and the number of factories reached 288 factories, of which 205 factories were working and the stalled amounted to 83 factories. He followed a plan in three short, medium and long stages for the rehabilitation and operation of these factories.
On the issue of activating industrial cities, the minister revealed the formation of a commission in this regard, calling on the committee to support, while announcing the opening of 5 industrial cities in a number of Iraqi governorates, and working to open a commercial city in coordination and cooperation with the Jordanian side on the borders between the two sides.
As for the issue of iron smuggling (scrap), the minister stated that a letter would be directed to prohibit the transport of any cargo except with approval, and a letter issued with the number and number of trucks carrying iron, and on the issue of berth 11, he said that there is a legal sphere in the concluded contract.
The Minister concluded on the subject of fertilizers and petrochemicals that the ministry needs to receive the required sums against some ministries and other sectors, and asked the committee to support the ministry to be able to open the petrochemical project within six months of 2021, in addition to reviewing the problems facing the Al-Nebras Petrochemical Company project. Media Department House of Representatives 7-November-2020 LINK
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