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Iraqi News Sunday AM 1-3-20

Iraqi News Sunday AM 1-3-20

TLM724 Administrator BondLady’s Corner

Al-Fateh Calls For Al-Kazemi's Government To Resign

Pratha News Agency132 2021-01-03   On Sunday, the Al-Fateh Alliance called on the government of Prime Minister Mustafa Al-Kazemi to submit its resignation following its failure to manage the country's economic file.

A member of the coalition, Abdul Amir Al-Mayahi, said in a press statement, "There is mismanagement of the government through the draft Federal Budget Law for 2021 that I submitted to Parliament," noting that "the government has not worked seriously to fight corruption and maximize state revenue."

He added, "Instead of going to invest, the government has contracted with a number of companies in light of the financial crisis," calling on "the government to submit its resignation as it failed to manage the economic file."

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Yesterday, Saturday, the Parliamentary Finance Committee ruled out passing the federal budget bill for 2021 within the House of Representatives according to the current formula.

Last Wednesday, the deputy for the Al-Fateh Abbas Al-Atifi coalition stated that the government of Prime Minister Mustafa Al-Kazemi had failed to formulate the country's financial policy.

http://burathanews.com/arabic/news/383746

Representative Finance: The Budget Cannot Be Passed In Its Current Form

Pratha News Agency79 2021-01-03  On Saturday, the Parliamentary Finance Committee ruled out the passage of the federal budget bill for 2021 within the House of Representatives according to the current formula.

Committee member Thamer Theban said in a press statement that “the budget cannot be passed according to its current form, which is devoid of determining the share of the Kurdistan region and adopting transparent and fair methods, as well as the large deficit expected in it,” noting that “the committee will work to add some paragraphs to the budget and raise Multiple paragraphs during the discussion session.

He added that "the budget is a waste of public money and facilities for Kurdistan and will not be accepted by the Finance Committee," noting that "the situation is economically unstable because of the government's wrong actions that are devoid of economic vision."

The deputy of the Al-Fateh Abbas Al-Atifi coalition stated, last Wednesday, that the government of Prime Minister Mustafa Al-Kazemi had failed to formulate the country's financial policy.

http://burathanews.com/arabic/economic/383741

The Dollar Is Declining Against The Dinar In The Local Markets

Pratha News Agency106 2021-01-03   The exchange rate of the dollar decreased in the main stock markets and local markets today, Sunday (January 3, 2021).

The Kifah Stock Exchange recorded 144,000 dinars against 100 dollars, while the exchange rates for yesterday, Saturday, in the Kifah Stock Exchange were 144,300 dinars per 100 dollars.

As for the exchange rates in the local markets, they also decreased, as the sale price was: 145,000 dinars per 100 dollars, and the purchase price was 143,000 dinars per 100 dollars.    http://burathanews.com/arabic/economic/383728

Parliamentary Planning: The Minister Of Finance And The Governor Of The Central Bank Are Subject To Dismissal

Pratha News Agency91 2021-01-03  On Sunday, the Committee for Planning and Follow-up of the Governmental Program in Parliament accused the Minister of Finance, Ali Allawi, and the Governor of the Central Bank, Mustafa Ghaleb, of causing negligence and damage to public money, indicating that Parliament will hold them accountable if they fail to present evidence of innocence.

"The House of Representatives is determined to complete the questioning of Finance Minister Ali Allawi and the Governor of the Central Bank of Iraq, Mustafa Hidden, because of their negligence and the great financial damages," the committee’s deputy chairman, Muhammad al-Baldawi, said in a press statement.

Al-Baldawi added, "Raising the price of the dollar against the local currency, the dinar, is a catastrophe that cannot be tolerated. Parliament has gathered all the evidence and questions for questioning, as well as preparing an unfair budget for the right of citizens."

He pointed out that "the two parties in the event that their innocence is not presented before Parliament, he intends to dismiss them and hold them accountable because of the great complicity and the squandering of public money."

http://burathanews.com/arabic/news/383745

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Parliamentary Finance: The Budget Provided By The Al-Kazemi Government Is The Highest In The History Of Iraq

Political| 12:14 - 01/03/2021   BAGHDAD - Mawazine News   The Parliamentary Finance Committee announced, on Sunday, its criticism of the exaggerated figures in the draft fiscal budget for 2021.

Committee member Jamal Cougar said, in an interview with local agencies, that "this year's budget presented by the government of Prime Minister Mustafa Al-Kazemi to Parliament for the purpose of Reading and passing it is the highest in modern Iraqi history. "

He added, "The budget contains very exaggerated numbers," noting that "the general amount spent in the past year was 72 trillion dinars, while the current budget in it is more than 163 trillion dinars, meaning twice this amount and more."

The House of Representatives announced last week that it had received the fiscal budget bill for 2021.

Parliament extended its current legislative term for a period of one month, "to complete many important legislations for the coming period, including the budget."     https://www.mawazin.net/Details.aspx?jimare=136655

The Parliament Presidency Calls On The Government To Put In Place Guarantees To Control The High Prices

Political| 05:01 - 01/03/2021  BAGHDAD - Mawazine News, the First Deputy Speaker of Parliament, Hassan Al-Kaabi, called on Sunday for the government to put in place guarantees to control the high prices.

The media office of the first deputy stated, in a statement that Mawazine News received a copy of, that "Al-Kaabi met with Ammar al-Hakim, head of the Iraqi coalition, in the presence of a number of members of Parliament.

Al-Kaabi affirmed, "The House of Representatives, in its current session, is keen to legislate all laws guaranteeing the holding of free, fair and transparent elections, and to grant broad opportunities for fair competencies to represent the Iraqi street, and this process will not take place without expediting the legislation of the Federal Court law in order to give full legitimacy to these elections and it must ensure sobriety. This important law. "

He stressed, "The necessity of approving the draft federal budget law for this year at an" early "time in a way that preserves the vulnerable classes and those with limited income, and focus on maximizing non-oil resources and activating other mechanisms related to combating corruption, controlling outlets, rationalizing unnecessary spending and attracting investment to the country.

And he called on the government, regulatory authorities and institutions and other concerned parties to "put in place the necessary guarantees to control the high prices of goods and foodstuffs, which occurred after the high exchange rates of the dollar, which greatly burdened the citizen."   https://www.mawazin.net/Details.aspx?jimare=136697

Al-Rafidain Issues A Directive Regarding Attracting Investment Companies And Granting Loans To Them

Editing date: 1/3/2021 12:09 • 55 read times  [Baghdad-Where] On  Sunday, Rafidain Bank instructed its branches in Baghdad and the governorates to attract companies and investors who wish to obtain financing and grant loans to them for the purpose of completing their various investment projects.

The bank’s media office said in a statement. The bank’s general manager held an extended meeting with a number of branch managers and delegates in the country's governorates to discuss the mechanism of banking and the services provided to citizens.

The statement added that "the director general of the bank stressed the need for the banking sector to contribute to supporting and revitalizing the private sector in various fields."

He stressed "providing the best banking services to customers and working to facilitate their transactions procedures and to develop solutions to problems and obstacles that obstruct the completion of transactions as quickly as possible and without obstacles far from routine   http://www.alliraqnews.com/modules/news/article.php?storyid=105787

 

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