More Iraqi News Late Sunday PM 9-26-21
More Iraqi News Late Sunday PM 9-26-21
TLM724 Administrator BondLady’s Corner
Economist to / NINA /: The Rise In Oil Prices Will Contribute To Covering The Budget Deficit .. And The Government Should Reconsider Its Economic Plans
Sunday 26 September 2021 20:45 | Economic Number of readings: 271 Baghdad / NINA / - An expert in the oil field, Safwan Qusay, confirmed that the rise in oil prices will contribute to covering the budget deficit of 29 trillion dinars.
He said in a statement to the National Iraqi News Agency / NINA / that the continuation of oil prices to exceed the $ 77 barrier will increase Iraq’s oil revenues, and allow covering the default deficit of 29 trillion dinars and maximizing the reserves of the Central Bank of Iraq and thus the possibility of reconsidering the support for the fragile classes by increasing the number of those covered Social care and maximizing the vocabulary of the food basket.
He stressed the need to focus on rehabilitating the economic, financial, social, political and cultural sectors to transform into effective energy to create real job opportunities, calling for combating corruption by controlling the movement of money and goods and activating the looted funds recovery law that will contribute to strengthening Iraq's financial capabilities and operating the Iraq Reconstruction Fund, noting that These steps will raise confidence in the Iraqi economy and stimulate local, regional and international investments to head towards Iraq.”
He stressed that the next executive government should prepare various executive programs to restore confidence in all state agencies in terms of providing services, contributing to production, economic diversification, control, and heading towards partnership with multinational companies To rehabilitate Iraq away from internal and external conflicts, indicating that Iraq and the Iraqis deserve it. / End 8
https://ninanews.com/Website/News/Details?Key=929352
The Ministry Of Oil Announces Its Measures Towards The Region's Monthly Exports
Energy Economy News _ Baghdad On Sunday, Oil Minister Ihsan Abdul-Jabbar announced the ministry's measures towards the region's monthly exports, while specifying the region's share in the general budget.
Abdul-Jabbar said in an interview with the Iraqi News Agency and followed by "Economy News", that "the Iraqi government conducts a monthly deduction of 250 thousand barrels of oil exported from the Kurdistan region at the price of SOMO, as documents are sent from the SOMO Company to the Ministry of Finance in order to establish and document the supposed financial amounts. achieved for the region,” noting that “these amounts are part of the region’s share in the general budget.”
He pointed out that "due to a shortage of gasoline revenues in the Kurdistan region, it was agreed with the Minister of Oil in the region, Kamal Al-Atrushi, to send one million liters per day of regular gasoline, while equipping the stations for improved gasoline at export prices as part of our commitment as a federal government to provide fuel to our children in the region." ".
Views 86 Date Added 09/26/2021 https://economy-news.net/content.php?id=26416
Baghdad Takes Measures Regarding Kurdistan's Monthly Oil Exports And Determines Its Share In The Budget
Economie| 12:45 - 09/26/2021 Baghdad - Mawazine News - Oil Minister Ihsan Abdul-Jabbar announced today, Sunday, the ministry's measures towards the region's monthly exports, while specifying the region's share in the general budget.
Abdul-Jabbar said, according to government media, that "the Iraqi government conducts monthly deductions for the value of 250 thousand barrels of oil exported from the Kurdistan region at the price of SOMO, as documents are sent from SOMO to the Ministry of Finance in order to establish and document the financial sums supposed to be achieved for the region," noting that "These amounts are from the region's share in the general budget."
He added, "Because there is a shortage of gasoline revenues in the Kurdistan region, it was agreed with the Minister of Oil in the region, Kamal Al-Atrushi, to send one million liters per day of regular gasoline, while equipping the stations for improved gasoline at export prices as part of our commitment as a federal government to provide fuel to our children in the region." https://www.mawazin.net/Details.aspx?jimare=168815
The Tourism Sector And Its Economic Benefits For The Country
Sunday 26 September 2021 137 Baghdad: Hussein Thaghb More than an economic sector that achieves permanent revenue for the country, and transfers it to a new growing reality away from the fluctuations of the rentier economy, and the tourism sector represents one of the most important economic sectors that can do and achieve great resources for the country by virtue of Iraq owning types of tourism, and its neglect makes the country lose billions of dollars annually This joint can achieve by attracting world tourists who are interested in the tourist sites in the country, whether religious, archaeological, recreational as well as therapeutic.
The specialist on international tourism, Majid Al-Qaisi, explained that {tourism in Iraq is a wide sector and the country is unique from other countries of the world in the presence of tourist sites in all its parts, as well as the diversity of these sites, as you find religious, recreational, archaeological and therapeutic}.
He pointed out that {the diversity of tourism in the country represents many options for tourists throughout the year, and there are sites of interest to billions of people on the surface of the globe. Plans can be drawn up to attract a huge number of tourists to Iraq, and here we must work hard towards this issue.
The important thing that can make the economic movement in the country unique, and achieve major gains for Iraq and the region and the world}.
Infrastructure
He pointed out, “The possibility of specialized international companies investing in the tourist areas, especially as we desperately need the tourism infrastructure in all the sites. To develop tourism in Iraq.
Al-Qaisi cautioned against “the need to benefit from the performance of the global tourism sector, and to work on transferring its experiences to Iraq, as we can create twinning with international tourism institutions with experience and capable of developing administrative aspects by creating specialized human resources in the tourism sector, capable of providing high services.” Or developed to groups of tourists who go to various sites in country}.
World Tourists
The specialist in economic and tourism affairs, Muhammad Abdul-Sattar al-Baghdadi, stressed that “neglecting the tourism sector loses the country’s revenues estimated at billions of dollars that can be achieved annually, as a result of sending world tourists to various regions, and that Iraq is a country rich in many sectors, and that the axis of tourism is the most important, but it needs To serious work to develop its joints, and to make an effort to create a new culture that supports the tourism sector and tourists in a way general}.
He pointed out that {organizing the tourism sector represents a very important step, as we have two public and private tourism sectors, and here there must be a real integration between the two that leads to the success of this important sector, as the public sector works to provide real and organizational support at a high level far away. From the complexity to the executive effort represented by the private sector, which must be organized and relied on companies Sober.”
Tourist Scene
He stressed the "importance of removing intrusive and unauthorized companies that do not pay taxes from the tourism scene inside the country, due to their negative role in work and leave negative effects, as they confuse the reality of companies' performance."
Al-Baghdadi added that {the tourism sector needs flexibility in the entry of tourists through the ease of obtaining entry visas without complication, as well as high-level services in transportation and communications, and this means new job opportunities required by these development trends.» We have a tourism sector that works very smoothly to attract the largest number of tourists the scientist}. LINK
Finance Prepares Programs For The Advancement Of The Accounting, Insurance And Banking Sectors
Sunday 26 September 2021 193 Baghdad: Tariq Al-Araji The Ministry of Finance has prepared programs for the advancement of the financial, accounting, insurance, banking and other sectors, in line with the white paper and global developments in these areas, while the Financial and Accounting Training Center at the Ministry announced that it will hold courses and conferences with the participation of international experts.
The Director-General of the Center, Ahmed Jawad Al-Dahlaki, told "Al-Sabah": "The center aims to train and develop the cadres of the ministry and all employees of state departments, whether in ministries or entities not associated with a ministry or civil society organizations in the financial and accounting fields, in addition to the inclusion of the private sector."
He revealed that "the establishment of an annual scientific conference to develop and reform sectors, whether insurance, banking, customs, and other financial and accounting joints, and accordingly a decision was taken to hold the first conference for the insurance sector because it is a neglected sector."
Al-Dahlaki noted that "the holding of the conference coincided with the launch of the white paper, which included the insurance sector, as the focus was on the administrative and legal reform of insurance companies, the financial and economic aspects, the development and marketing of insurance products, and the future prospects for its industry."
He stated that "the conference witnessed the participation of experts and researchers from the UAE, Bahrain, Egypt, Germany and Morocco, and there were prospects for cooperation with these parties, who expressed their willingness to cooperate and advance the insurance sector," stressing that "the center has a plan to hold conferences of this kind that include all accounting and financial sectors to advance their reality." ".
Regarding the center’s role in setting up courses to advance the reality of preparing the country’s federal budgets, the director of the center explained that “the government, since 2017 until now, has been preparing a budget strategy that extends to three years, and it is a medium-term plan to prepare the budget, as the authorities and ministries are asked about their vision and need for allocations for the mentioned period.
The answers from these parties are not clear, which causes problems. Therefore, the Center has contributed to preparing a training course for shareholders in budget strategy meetings to train them on the mechanisms approved in it. LINK
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