Monday Evening Iraq Economic News Highlights 6-5-23
Monday Evening Iraq Economic News Highlights 6-5-23
The Economist: Not Approving The Budget These Days Will Lose Its Economic Content
Monday 05, June 2023 10:37 | Economical Number of readings: 389 Baghdad / NINA / - The specialist in economic affairs, Durgham Muhammad Ali, confirmed: "More delay in approving the budget will lose its importance and content." Muhammad Ali said in a statement to the National Iraqi News Agency ( NINA ) that "the lack of approval of the budget, and we are in the middle of the year, has made it lose its content, especially on the investment side," noting that "a solution must be found to the crisis facing the approval of each budget." And between: "A joint workshop between the Ministry of Finance and representatives of the blocs during the formulation of the budget will overcome many of these problems."
And he continued: "Proceeding annually with this sterile scenario of political rivalries, will renew the problem of the lack of budgets or their significant delay."/
Deputy: We Will Not Be Silent About Disrupting The Budget, And We Will Resort To Collecting Signatures To Hold The Session Within Two Days
Time: 06/05/2023 Read: 1,976 times {Politics: Al Furat News} The representative of the National State Forces Alliance, Ali Shaddad, explained today, Monday, that there is a deliberate delay in not holding the voting session on the budget law, pointing out that it will be resorted to collecting parliamentary signatures to hold it. LINK
A Deputy Announces The Arrival Of The Draft Budget For The Coalition Of State Forces To Discuss The Outstanding Points With The Region
Time: 06/05/2023 Read: 780 times {Politics: Al-Furat News} Representative of the State Forces Alliance, Ali Al-Bandawi, announced today, Monday, that the draft budget bill had reached the coalition in order to discuss the outstanding points with the region.
Al-Bindawi told {Euphrates News}, that "the draft budget law has reached the coalition to be studied and to discuss the outstanding points with the Kurdistan region," noting that "we will not yet be informed of the date of presenting the budget to the House of Representatives, and that the fundamental dispute that appears with each budget be with the province.
He added, "Most things will be completed with the budget file during the current week or next week at the latest."
It is noteworthy that the Kurdistan Regional Government has recently objected to the amendments made to the paragraphs related to the region in the financial budget that the Iraqi Parliament seeks to approve, describing it as a violation of the laws, the constitution and the agreements concluded between Erbil and Baghdad.
On the 13th of last March, the Council of Ministers approved the largest financial budget in the history of the country, which exceeded 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion Iraqi dinars, taking advantage of the rise in global oil prices, which It constitutes more than 95% of the country's financial revenues, amid objections from financial and legal experts regarding the budget items, but it has not yet been approved due to disagreements.
It is noteworthy that the House of Representatives failed to hold a session to vote on the budget due to the continuing dispute over the share of the Kurdistan region, which refused any amendment regarding it. From.. Raghad Dahham LINK
Accelerate The Passage Of The Budget On The Table Of Khazali And Al-Halbousi
2023.06.05 - Baghdad - Nas The Secretary-General of the League of the Righteous Movement, Qais Khazali, discussed, on Monday, with the Speaker of Parliament, Muhammad al-Halbousi, the speedy passage of the budget.
A statement by Khazali's office, a copy of which "NAS" received, stated (June 5, 2023), that "the Secretary-General of the League of the Righteous, Sheikh Qais Khazali, received today in his office in the capital, Baghdad, Parliament Speaker Muhammad al-Halbousi," noting that "the meeting was attended by the head of the Sadiqoon bloc." Parliamentary Adnan Feihan, who emphasized his bloc's quest to resolve the financial budget law in a way that does justice to all the rights of the Iraqi people.
The statement added, "During the meeting, they discussed the latest political developments and what resulted from the discussions within the House of Representatives regarding the articles of the financial budget law, and emphasized the need to pass the law as soon as possible because of its importance related to the lives of citizens and the completion of development projects in the country."
He continued, "They also discussed the necessity of enacting important legislation and laws to advance the service and economic reality and interest in service projects and infrastructure."
https://www.nasnews.com/view.php?cat=108537
Collect Parliamentary Signatures To Hold A Session To Vote On The Budget
Information / Baghdad.. The representative of the Al-Fatah Alliance bloc, Walid Al-Sahlani, revealed, on Monday, that he had collected parliamentary signatures to set a date for holding a session to vote on the federal general budget.
Al-Sahlani said, in an interview with Al-Maalouma, that "a number of representatives of the coordination framework began to collect signatures calling on the Presidency of Parliament and heads of political blocs to set a date for holding a session to vote on the draft budget law during this week."
He added, "All indications indicate that there is agreement on most of the contentious points for the Kurdistan region."
Al-Sahlani indicated, "The other points that have not been agreed upon are referred to a vote inside the parliament dome during the voting session on the law."
Yesterday, Sunday, the representative of the Al-Fateh Alliance, Muhammad Al-Baldawi, revealed the approval of the region’s delegation on the conditions of the Parliamentary Finance Committee regarding Kurdistan’s share of the federal general budget. LINK
Al-Agaili: 12% Of The Budget Goes To Kurdistan And 2% To The Southern Governorates
On Sunday, the political analyst, Sabah Al-Agaili, accused the Kurdistan Regional Government of focusing on political agreements in order to pass its percentage of the general budget law, while stressing that political agreements should not pass at the expense of the central and southern governorates.
Al-Aqili said in a press interview, which was seen by “Takadum”, that “the time has come to end the region’s courtesy that has extended for twenty years in most files with the central government,” noting that “the Finance Committee is required to vote on protective figures for the region’s percentage of the budget and the fairness of the southern governorates.” ".
He continued, "The region will get 12.67%, while the southern governorates will take 2%, and this is what falls within the injustice of the southern governorates," pointing out that "Kurdistan continues to focus on the file of political agreements in order to pass their percentage of the general budget law."
Regarding the percentage of the southern governorates in the budget, Al-Aqili stresses: “The need to tighten control over the crossings, border crossings, and airports, and to include their revenues in the general budget,” adding that “it is unreasonable for the political agreements to pass at the expense of the central and southern governorates.” https://takadum-news.com/archives/167606
Advisor To The Prime Minister Explains The Importance Of Re-Examining Operating Expenses And Warns Against Borrowing
Economy Baghdad - aware - Nassar Al-Hajj Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, called for a re-examination of operating expenses and building them according to the principles of justice and fairness, while stressing the need to create partnerships with the private sector to advance the investment budget programs.
Salih said, in a statement to the Iraqi News Agency (INA), "It is necessary to carry out a strict re-examination of operating expenses in all its details and build them according to the two principles of justice and fairness in financial behavior and to address the waste left by previous legislation and led to an exponentially increasing burden of expenditures and posed a burden on financial sustainability and its future." ".
He added, "Actual partnerships must be established with the private sector to advance the investment budget programs, especially productive and income-generating projects, within the framework of a strategy for cooperation and partnership between the state and the private sector, and seeking to find sources of financing available from outside the general budget or direct reliance on fluctuations in the oil resource in it."
And he called, for "the need to consider the issue of the comprehensive financial reform plan and the reorganization of financial life, in which the scope of waste has expanded in its components due to the accumulation of legislation that requires financing constantly, so going to borrow or borrow and engage in overburdening debts in the interest of the operational budget of a non-productive consumer nature, as it causes confiscation The hopes of future generations and their bequeathing negative financing models that eliminate opportunities for prosperity and economic progress. https://www.ina.iq/186719--.html