KTFA Monday Night CC and Iraq News 11-30-2020
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Special Guest report from “Blustar” and reports from the team MilitiaMan, Delta and Petra.
Blustar was on NewsMax today…Check out NewsMax on 11-30-2020 at HOWIE CARR 11-30-20 AROUND 4:26
Samson: Representative Finance: The proposal for a "white paper" to replace the currency requires a lot of money
30th November, 2020
The Parliamentary Finance Committee confirmed, on Monday, that the "white paper" submitted by the Prime Minister, Mustafa Al-Kazemi, includes a proposal to replace the currency, noting that this proposal requires a lot of funds to implement it.
It is noteworthy that the Iraqi Prime Minister, Mustafa Al-Kazemi, confirmed, last June, that the government had prepared a "white paper" for the upcoming reforms. According to the document, the proposed period for implementation is 3 years from 2021 to 2023.
Committee reporter Ahmed Al-Saffar told Shafaq News: "The reform paper to address the financial crisis presented by the House of Representatives includes one of its points reviewing the exchange rate while studying the possibility of proceeding with steps to delete zeros, with the amendment of the mechanism for selling the currency and preserving the hard currency and the exchange rate of the dollar against the Iraqi dinar."
He added that "the application of this proposal requires better economic possibility and conditions than the current situation with the availability of financial liquidity for the application," noting that "currency exchange requires a lot of money to print currency abroad." LINK
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Samson: Al-Kazemi directs to send the 2021 budget immediately to the Cabinet Secretariat
30th November, 2020
The General Secretariat of the Council of Ministers announced, on Monday, that Prime Minister Mustafa Al-Kazemi had directed that the budget be sent immediately to the General Secretariat for the purpose of checking it
"The Prime Minister directed the Ministries of Finance and Planning to send the budget immediately to the General Secretariat of the Council of Ministers for the purpose of checking it by the legal department in order for an extraordinary session to be allocated for discussion and referred to Parliament for approval as soon as possible
Majeed added, "The government and parliament are unanimous on the need to expedite the approval of the 2021 budget LINK
Samson: Al-Kazemi issues a directive regarding the budget and parliament that monitors change in salary spending
On Monday, Prime Minister Mustafa Al-Kazemi directed to send the Budget Law for 2021 to the General Secretariat of the Council of Ministers for scrutiny.
The spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, said in a statement received by Shafaq News, that the directive was issued by Prime Minister Mustafa Al-Kazimi, directing the ministries of Finance and Planning to send the budget law for 2021 to the General Secretariat of the Council of Ministers for the purpose of checking it. He added that after that, an extraordinary session will be allocated for discussion and referred to the House of Representatives for approval as soon as possible.
For its part, the Parliamentary Finance Committee revealed that government spending on employee salaries in the fiscal budget for 2021 will be different from the current year’s budget, and confirmed that it is awaiting approval of the budget law in the Council of Ministers and its referral to the House of Representatives.
Committee member Jamal Cougar told Shafaq News, "The volume of government spending for salaries in the general budget for next year is 51 trillion dinars, but it will be different in the general budget for the current year 2020. And he stated that "in 2020, appointments were made in the number of state institutions, in addition to revealing the presence of aliens, double-wages and exceeding the salaries of retirees and social care, all of this will change the size of the general budget for the next year."
Cougar pointed out that "Parliament is awaiting the approval of the draft general budget bill for 2021 in the Council of Ministers, after which this law will be sent to Parliament," indicating that "if the law reaches Parliament, it will be discussed and the total amount and financial deficit in the budget will be known."
And the Iraqi parliament had approved on 11/12/2020 the internal and external borrowing law worth 12 trillion dinars (10 billion dollars), in an effort to end the crisis of delayed payment of state employees' salaries that has been going on for nearly two months as a result of the failure to approve the budget law, and the financial crisis that interacted after the retreat. Oil prices affected by the Corona pandemic. LINK
DeepWoodz: Imo....oh boy!!!!!!
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Samson: Trump advisor heads to Saudi Arabia and Qatar
11/30/2020 08:56:17
Reuters reported that Jared Kushner, son-in-law and advisor to US President Donald Trump, will head a delegation to Saudi Arabia and Qatar for talks.
The agency quoted a senior US administration official as saying that "Kushner will meet within the next few days, the Saudi Crown Prince Mohammed bin Salman in the Saudi city of Neom, and the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, in Doha."
"Kushner will be accompanied by US envoy to the Middle East Avi Berkowitz, Brian Hook, and head of the American International Development Finance Corporation, Adam Buehler, on the visit," the official. LINK