Iraqi News Sunday Afternoon 5-1-22
Iraqi News Sunday Afternoon 5-1-22
TLM724 Administrator BondLady’s Corner
A representative from Basra: The presidencies in the Kurdistan region expressed their rejection of the Federal Court’s decision to hand over 250 thousand barrels per day to the federal government
Sunday 01 May 2022 12:39 | economic Number of readings: 224 Basra / NINA / - The representative of Basra Governorate, Zahra Al-Bajari, confirmed that the presidencies in the Kurdistan region expressed their rejection of the Federal Court's decision to hand over 250 thousand barrels per day to the federal government.
Al-Bajari said in a press statement: The Kurdistan region has not yet delivered oil to the federal government and has exported oil so far, noting that the quantity exported from the Kurdistan region is 650 thousand barrels per day, which are unconstitutional quantities.
Al-Bajari explained: There is a quantity of approximately 650,000 barrels per day that is transported or loaded in Turkey or through tankers, but its revenues have not been handed over to the federal government. / is over
https://ninanews.com/Website/News/Details?key=973450
Technical Adviser To The Prime Minister: The Iraqis Own 50 Trillion Dinars In Homes.. And The Salaries We Completed In 2017, But Political Pressures Hindered Its Approval
Saturday 30 April 2022 22:14 | economic Number of readings: 668 Baghdad / NINA / - The technical advisor to the Prime Minister, Haitham Al-Jubouri, announced that the Iraqis own 50 trillion dinars in homes.
He said in a televised statement: "The presence of money in homes is caused by a lack of confidence in banks, adding that Iraqi banks have become repulsive to the customer and that some private banks have no customers."
He continued: "The customs exemption is temporary and includes foodstuffs, and the opening of the import door reflected positively on the drop in prices, noting that the prices of foodstuffs doubled 3 times before the month of Ramadan."
He explained, that Iraq is without food security and that Iraq does not have food stocks for two months or a month, expressing the country's need to import 50 percent of wheat.
He added: "The surplus achieved from the increase in oil prices amounts to 25 trillion dinars, explaining that the Food Security Law It is not a substitute for the budget."
He pointed out that the 2022 budget has been completed by the Ministry of Finance, adding that the salary scale has been completed since 2017, but political pressures have hindered its approval, stressing that the salary scale has reached the voting stage, but it has not been approved. /
https://ninanews.com/Website/News/Details?key=973376
Al-Kazemi’s Advisor: The 2022 Budget Is Complete, And The Surplus Is 25 Trillion
Economie| 10:23 - 30/04/2022 Baghdad - Mawazine News Technical Adviser to the Prime Minister, Haitham Al-Jubouri, announced the completion of the 2022 budget by the Ministry of Finance, and while he revealed the size of the financial surplus achieved from the increase in oil prices, he indicated that opening the door for import reflected positively on the drop in prices.
Al-Jubouri said, "The government has taken several measures to control prices," noting that "the customs exemption is temporary and includes foodstuffs, and the opening of the import door reflected positively on the drop in prices."
He added, "The Iraqis own 50 trillion dinars in homes," stressing that "the presence of money in homes is caused by a lack of confidence in banks."
He pointed out that "Iraqi banks have become expelling the customer, and some private banks are without customers."
Regarding the local product, Al-Jubouri said, "Feed is available and it is covered by the protection of the local product," explaining that "
He pointed out that "Iraq is without food security, and does not have food stocks for two months or a month," stressing, "We need to import 50 percent of the wheat."
He explained, "The surplus achieved from the increase in oil prices amounts to 25 trillion dinars," noting that "the Food Security Law is not a substitute for the budget."
And he indicated that "the 2022 budget has been completed by the Ministry of Finance," noting that "the salary scale has been completed since 2017."
He stressed that "political pressures have hindered the approval of the salary scale," noting that "the salary scale has reached the voting stage, but it has not been approved."
He stressed the employees to pressure Parliament to pass the Civil Service Law. Ended 29 / p. 87
https://www.mawazin.net/Details.aspx?jimare=191796
The Exchange Rate Of The Dollar Recorded A Slight Increase In The Local Markets
Economie| 11:14 - 01/05/2022 Baghdad - Mawazine News The dollar exchange rates witnessed, today, Sunday, a slight increase in the Iraqi Stock Exchange.
The selling prices of the dollar were 147,850 dinars per $100, while the purchase prices of the dollar were 147,750 dinars per $100. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=191825
Al-Kazemi’s advisor sets a condition for depositing the financial surplus in a sovereign fund
Baghdad - Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set, today, Sunday, a condition for depositing the financial surplus in a sovereign fund, while indicating that spending on social spending and addressing poverty will be the first priority.
Saleh said, "Based on the text of Article 19 / Second of the amended Federal Financial Management Law No. 6 of 2019, if the actual revenues exceed the total expenses or expenditures, including financing the planned deficit in the annual budget, the surplus amount is deposited in a (sovereign fund). Provided there is a budget law, and otherwise, the mentioned financial surpluses will be deposited in a reserve account and will undoubtedly be an opening balance in financing the federal general budget for the year 2023 in whole or in part, according to the exchange chapters and its future priorities.
Saleh added in an interview with the official news agency, Mawazine News, that "expenditure on social spending and addressing poverty will be the first priority, in addition to the ease with investment spending associated with the implementation of strategic projects that operate work and inevitably generate income." https://www.mawazin.net/Details.aspx?jimare=191826
The Appearance Of Muhammad Salih To / Nina /: The Reform Of The Cash Payments System .. Lies In The Concerted Efforts Of 3 Important Parties
Sunday 01 May 2022 11:43 | economic Number of readings: 272 Baghdad / NINA / - The financial expert, advisor in the Cabinet, Mazhar Muhammad Salih, confirmed that the reform of the cash payments system .. lies in the concerted efforts of 3 important parties.
He told the National Iraqi News Agency ( NINA ) that the requirements for reforming the cash payments system must be carried out with the support, collaboration and will of three important parties at the same time: the first of which is the central bank as the issuing bank, and then the government responsible for raising three zeros from all accounts and statistics in the country and the legislative authority to legislate A law that guarantees the previous rights without prejudice to the transactions and guarantees the rights of the creditor and debtor parties and other rights.
Saleh explained that it also requires the availability of two basic conditions: the first is stability in the general level of prices, and the second is the presence of high political stability in the country.
He pointed out that: the issue of deleting zeros from the currency is one of the policies adopted by countries to solve a legacy or problem left by the historical inflation in the economies of their countries, including the previous ninety inflation in Iraq, which added three decimal places to the currency unit because of the hyperinflation that hit the economy at the time.
And Saleh indicated that the project to delete zeros is postponed at the present time in our country. / https://ninanews.com/Website/News/Details?Key=973441
The President Of The Republic Calls For Reforming The Economy And Providing Real Job Opportunities
Today, Sunday, the President of the Republic, Barham Salih, congratulated the International Workers' Day, while stressing the need to provide real job opportunities in various sectors.
Saleh said in a tweet to him on his Twitter account, "On International Workers' Day, a salute of appreciation and respect to the nation's builders and loyal forearms," noting that "the brilliance of human energy of our people is the real and inexhaustible wealth of the nation, the centerpiece and goal of development."
He added, "The victory for this revolution will be through reforming the economy, providing real job opportunities in various sectors of production, and diversifying the sources of national income."
https://www.radionawa.com/all-detail.aspx?jimare=2928
Far From The Government's Hand, An Expert Calls For The Establishment Of A Sovereign Fund To Control Oil Revenues
Economic Last update 05/01/2022 | 5:32 pm information / special
Today, Sunday, the economist Nabil Al-Ali called for the establishment of a sovereign fund to deposit the money and revenues of oil revenues away from the hands and disposal of the central government, while stressing that the government deals with revenues in a contradictory manner.
Al-Ali said in an interview with "Information", "The current government's policies in dealing with oil revenues are contradictory.
Whenever the revenues diminished, it looked for austerity policies, increasing taxes or changing the exchange rate, and
whenever those revenues increased, the government contradicts itself by setting high spending policies without A sense of responsibility about the future of the upcoming budgets and the protection of Iraq from the reversal of the economic cycle.
He added, "Increasing spending at a higher level than the periodic public budgets may lead to an increase in domestic inflation faced by the consumer."
The economic expert explained that "it is supposed to invest large oil revenues to establish a development fund, away from the government's hand and disposal, that contributes to the financing of strategic projects inside Iraq in partnership with large investment companies and to obtain and develop revenues, such as metro projects, railway projects, and refinery projects."
And he indicated that "global economies are working to protect consumers from inflation, as in the United States," noting that "it is working to increase the interest rate and reduce public budgets to reduce its historical inflation rate." https://almaalomah.me/2022/05/01/595866/
The Governor Of The Central Bank Of Iraq Congratulates The Workers On Their Feast
May 01, 2022 His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Makhif, extends the most beautiful congratulations to the workers of Iraq on the occasion of the global workers’ Day, wishing them more giving in building our country, its renaissance, development and progress.
This comes with the endeavor of the Central Bank of Iraq to support the workers’ segment and create new job opportunities for them within various initiatives that move the wheel of the Iraqi economy as they are the backbone of the economy and the corner stone in it. Every year and the workers of Iraq and the world with a thousand good. The Central Bank of Iraq information Office May 1, 2022 https://cbi.iq/news/view/1995
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