More Iraqi News Thursday PM 12-17-20
More Iraqi News Thursday PM 12-17-20
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Deputy: The Country Is On The Verge Of Economic Disaster If The Farce Of The Currency Drain Does Not Stop
Time: 12/17/2020 Read: 3,094 times (Baghdad: Al Furat News) The deputy of the Al-Fateh coalition, Abdul Amir Al-Taiban, said, Thursday, that the country is facing an economic disaster and the government bears the consequences.
Al-Dubi said in a tweet on the Twitter platform: If the wise men and decision-makers in Parliament do not intervene to stop the farce of the bleeding of hard currency in the market of selling the currency with corrupt hands known for their tendencies and affiliations, then the country is heading for an economic disaster that will not remain and the government will bear the consequences.
It is noteworthy that the dollar exchange rate rose against the dinar today and the past few days, to surpass the 1300 dinar barrier, which is an unprecedented rise that the currency markets have not witnessed over the past few years.
And {Euphrates News} today published a copy of it, the draft fiscal budget bill for 2021, and included a government proposal to fix the dollar exchange rate at 1450 dinars. Suspect
A member of the Parliamentary Finance Committee, Hoshyar Abdullah, denied that the leaked copy of the budget is official and approved. Abdullah said in a statement that "the budget is still in the cabinet and has not been discussed, and in the Finance Committee and Parliament we have not officially received any copy of it." .
He added, "These leaks are part of the government's floundering, and it bears it and bears the confusion of the market, the currency rate and the economy." LINK
Deputy On The Drain Of The Currency: The Country Is Facing An Economic Disaster That Will Not Remain And Will Not Leave
Political| 04:20 - 12/17/2020 BAGHDAD - Mawazine News MP Abdul Amir Taiban Al-Dubai confirmed, on Thursday, that if the bleeding of hard currency is not stopped by auction, the country is heading towards an economic disaster that will not remain and will not remain.
Al-Taibyan said in a tweet on Twitter, "If the wise men and decision-makers in Parliament do not intervene. To stop the farce of the drain of hard currency in the market of selling the currency with corrupt hands known for their tendencies and affiliations. The country is heading for an economic catastrophe that will not remain and will not leave." He pointed out, "It is the government that bears the consequences." Ended 29 https://www.mawazin.net/Details.aspx?jimare=134603
An Economic Specialist Expects The Dollar’s Rise To Continue Due To The Government's Floundering And Inability To End The Crisis
Thursday 17, December 2020 13:34 | Economical Views: 293 Baquba / Nina / Economic specialist Jamal Shaker expects the dollar’s exchange rate to rise against the Iraqi dinar due to the government's confusion and the inability to find solutions to end the crisis.
He said in a statement to the Iraqi National News Agency ( NINA ): "The government's confusion with its economic decisions and the failure to find solutions to end the economic crisis in the country caused an increase in the exchange rate of the dollar against the Iraqi currency, and this will have negative effects on the citizen's living life."
He added: "The leaks of the provisions of the General Budget Law gave the green light to the currency mafias and those controlling the price of hard currency to accelerate the rise in the price of the dollar," indicating: "The solutions to end the Iraqi financial crisis lie in the completion of the large FAO project and the implementation of the Silk Road, which is one of the important resources in The stability of the Iraqi economy and dependence on oil, and it needs an independent government decision. ”/ Ended https://ninanews.com/Website/News/Details?Key=876775
The Most Prominent Of What Was Included In The Initial Draft Of The Disastrous 2021 Budget For The Iraqi Citizen
Ali Mohsen Radi126 2020-12-17 Today, Thursday, a `` preliminary copy '' of the draft federal budget bill for the year 2021 was published, which included setting the dollar exchange rate at 1450, and reducing employee allocations.
The bill included setting the exchange rate of the dollar on the basis of 1450, equivalent to 145,000 dollars per 100 dollars Suspect , and restricting all actually realized revenues as final revenues to the state treasury account.
The budget stated that the number of state employees is 3.25 million, including (682 thousand employees in the Kurdistan region), salaries 41.5 trillion dinars, other salaries 6 trillion, retirement 20 trillion, social security 9.6 trillion, interest on debt loans 4,6 Trillions, offshore loan payments: 6.8 trillion.
The project also included the reduction of all allocations granted to employees of all government departments financed centrally and independently, according to the percentages specified against each of them and granted to them according to effective laws and decisions of the Council of Ministers and came as follows:
(Risk allowances 50%, hospitality 20%, exceptional 20%, livelihood 33%, certificate 50%, lump sum, 40%, special 60%, university service 60%).
The bill also stipulated an increase in the price of fuel (gasoline) from 450 dinars per liter to 540 dinars per liter.
The budget authorizes the Minister of Finance to fill the actual deficit in the budget according to the amounts indicated in the sources mentioned below:
1- Issuing treasury transfers,
2- Issuing national bonds to the public,
3- Issuing bonds and treasury transfers to government banks to be debited with the Central Bank of Iraq,
4- Loans from commercial banks,
5- Issuing foreign bonds,
6- Borrowing from international financial institutions,
7- borrowing with the guarantee of international export guarantee institutions.
The budget indicates that all loans, bonds, transfers and project contracts financed by loans will be exempt from taxes and customs fees for ongoing and new projects, including the loan granted by the World Bank to the Ministry of Finance for the PFM contract project for the years 2016, 2017, 2018 and 2019.
The 2021 budget obliged federal ministries and entities not associated with a ministry and all governorates to cover their needs of local products, including private sector products that have an added value of more than (20%).
The draft budget concluded that the Council of Ministers may not issue any decisions that include granting an advance to any ministry or entity not linked to a ministry without having allocations for it in the general budget approved during the fiscal year.
The project included the suspension of all cabinet decisions and laws in force that allow the centralized state departments to dispose of the revenues collected through them for the purposes of operating expenses, and their revenues are transferred as final revenues for the account of the state's public treasury, including the state's public treasury's share of the profits of public companies and self-financed bodies and departments.
The financial deficit in the budget reached (58260763114) one thousand dinars (fifty-eight trillion two hundred sixty billion seven hundred and sixty-three million one hundred and fourteen thousand dinars), and in the case of excluding all arrears, indebtedness and foreign and domestic loans that will finance investment projects amounting to (23229017817) one thousand dinars (three Twenty trillion two hundred twenty-nine billion and seventeen million eight hundred and seventeen thousand dinars).
The indebtedness represented by the internal and external debt installments reached (14761959590) one thousand dinars (fourteen trillion seven hundred and sixty-one billion nine hundred and fifty-nine million five hundred and ninety thousand dinars). http://burathanews.com/arabic/economic/382619
Draft Budget ... Surprises In The Price Of The Dollar, Fuel, And Employee Allocations
Time: 12/17/2020 11:22:05 Read: 22,594 times {Baghdad: Al Furat News} Our agency publishes a draft of the federal fiscal budget bill for 2021.
The budget included a surprising price in the dollar exchange, as the government suggested fixing it at 1450 dinars to one dollar. It also included reducing the allocations granted to state employees.
According to the draft, the estimated revenues from exporting crude oil will be calculated on the basis of the rate of (42) dollars per barrel.
The draft budget for the year 2021 includes imposing a tax on gasoline and aviation fuel at a rate of 20%, and the price of a liter of gasoline will be 540 dinars instead of 450 dinars, and the price of kerosene increased by 15%.
A 10% sales tax will also be imposed on all commercial stores, cigarettes, cars, alcoholic beverages, and barber shops for men and women. LINK
Member In Parliamentary Finance: The Leaked Version Of The Budget Is Unofficial And Not Approved
Time: 12/17/2020 13:35:10 Read: 4,667 times {Baghdad: Al Furat News} A member of the Parliamentary Finance Committee, Hoshyar Abdullah, confirmed, on Thursday, that the leaked version of the budget is unofficial and not approved.
Abdullah said in a press statement that “this leaked version of the 2021 budget is unofficial and not approved,” indicating that “the budget so far is still in the cabinet and has not been discussed, and in the Finance Committee and Parliament we have not officially received any copy of it.”
He added, "These leaks are part of the government's floundering, and it bears it and bears the confusion of the market, the currency rate and the economy." LINK
Classification: Iraqi After The 2021 Budget Leaked, A Parliamentarian Warns Of A Massive Revolution Sweeping Iraq
Thursday, 17 December 2020 2:41 PM Baghdad / National News Center - Independent MP Basem Khashan expected, today, Thursday, the outbreak of a massive popular revolution sweeping Iraq against the backdrop of the leaks of the draft budget bill for 2021.
Khashan said, in a press statement, that "the 2021 budget targets the poor citizen and the simple employee, and this budget is clearly targeting the livelihood of the Iraqi people. The government wants to solve the financial and economic crisis at the expense of the citizens, as it does not have any other solutions."
He explained, "After the leakage of the 2021 budget law, the price of the dollar has risen dramatically, and even some materials have begun to rise with the dollar, and here the poor citizen will be victim, and the deduction of employee salaries, especially the young ones, is unacceptable and unacceptable."
Khashan added, "All these factors will generate a great popular wave of anger that will start, and its slogan may be this time (The Revolution of the Hungry), because of the policy of the Al-Kazemi government towards the people."
The exchange rate of the US dollar against the Iraqi dinar rose during the few days to exceed 130,000 dinars for a hundred dollar denomination, which is an unprecedented rise that has not been witnessed in the currency markets over the past few years.
The draft federal budget bill, which is scheduled to be passed by the Council of Ministers at its next session, to the Iraqi Parliament in order to vote on it, after the completion of the discussion on it, included calculating the export price of a barrel of oil at $ 42, at an export rate of (3,250) million barrels, including ( 250) thousand barrels for the quantities of crude oil produced in the Kurdistan Region. https://nnciraq.com/45748/
Parliamentary Integrity For / NINA /: Corruption And Bribes With The Government Proceeding With The Contract Of The Korean Company For The Implementation Of The Port Of Faw
Thursday 17, December 2020 16:34 | Economical Views: 118 Baghdad / NINA / The Parliamentary Integrity Committee defended the entry of the Chinese Competition Company for the contract for the implementation of the large Faw Port project in Basra Governorate, and criticized the Ministry of Transport for proceeding with negotiations without putting the project before other international companies.
The committee's rapporteur, Abd al-Amir al-Mayahi, said in a statement to the Iraqi National News Agency / NINA /: “We have seen indications of corruption and bribes being paid in the file of the Faw Port project for the purpose of the government moving in one direction in the contract,” indicating that “the parliamentary and governmental disagreement is not related to the identity of the executing company. Rather, it is about the mechanism of contracting and limiting work with the Korean company exclusively. "
He explained, "The Integrity Committee has submitted a list of notes to the Ministry of Transport to launch the project and open the door for international companies to compete over the cost of the project and the period of completion and choose the best sober company."
He added, "The Ministry of Transport is going to contract with the Korean company exclusively, without others, and we have the Chinese company that offered financing and implementation, and there is another Japanese company that also submitted a proposal to finance and implement the project," noting that "the Korean company has carried out similar work and has the required expertise and technical competence,
But the government has referred the project since 2010, and the delay until now to complete the kosher due to the lack of financial abundance, so the Korean company is an executing contractor waiting for the government to provide money.
Regarding the value of the contract and the cost of completing the project, Al-Mayahi, who is a member of a government parliamentary committee for referring and negotiating with companies applying for the implementation of the Faw Port project, explained that "the completion of the project requires 3 phases.
The first includes 5 projects submitted by the Korean company for two billion and 850 million dollars, which are Excavating the channel connecting the Taluk line to the port basin, digging the basin at a depth of 19.8 meters, constructing five docks, constructing a railway, and constructing a special road linking with the highway.
He went on to say that "the Chinese company offered to implement 8 projects for two billion and 300 million dollars, which are the same five projects with the addition of 3 new projects and with a shorter period of time with funding from the company itself, not from the government." / End5 https://ninanews.com/Website/News/Details?Key=876816
Multiple Revenues Require Organizing The Work Of Border Outlets And Service Institutions
Thursday 17th December 2020 26 Baghdad: Hussein Thahab: the pillar of the emirate Emphasis on supporting the federal budget continues through real adoption of the multiplicity of financial revenues, and the start of sectors that can achieve the goal directly after organizing its work mechanisms tightly, represented by the revenues of border ports and institutions that collect daily revenues, and support for productive sectors that have the immediate energy to start productive work. Baghdad Economic Forum member Hadi Hindas stated that "Iraq is capable of realizing the multiplicity of public revenues, albeit relatively at the beginning."
"But the journey of a thousand miles begins with a step, and we in Iraq need the first actual step in order to move towards the real diversification of revenues," he added.
Revenue regulation
He pointed out that "the current crisis that the country and the world are experiencing could be the key to accessing the world of multiplicity in financial revenues, as we can organize work at border outlets in a way that prevents any case of revenue manipulation that the government should obtain by adopting advanced automation systems that do not allow the existence of Any manipulation of this important resource, and then going to the daily sums collected through the different service departments that need to organize their revenues tightly.
Self-sufficiency
He pointed out that "moving the productive sectors represents the cornerstone of the multiplicity of financial revenues for the country, especially since the agricultural sector is prepared to be an active element in the multiplicity of revenues in both its intentions and livestock, after achieving self-sufficiency in various agricultural crops and livestock products, the surplus is exported to the markets. International, and here it is necessary to have a developed marketing policy that works on communicating with the global markets with which we have commercial dealings, and the commercial attachés have a role in creating a space for the quality Iraqi product within those markets.
Income diversification
In turn, the economic expert, Ahmed Al-Rawi stressed, "The necessity to take major measures, such as reviewing public budgets, away from expectations of oil rents, raising all forms of unnecessary expenditures, activating non-oil revenue systems such as taxes and public fees, and working to revitalize the economic sectors to be able to provide work for young forces and diversify incomes." As well as developing oil production commensurate with reserve capacities. "
Immediate action
He continued: "Immediate measures can be taken to address the budget's items by adopting a rate consistent with the annual growth of the gross domestic product, not making the general budget a function of oil rent and achieving an efficient allocation of financial resources for the investment platform, leading to economic efficiency and increasing its ability to provide the basic ingredients for achieving economic development."
Al-Rawi pointed out that "the current reality requires canceling all items of unnecessary spending, and reviewing the privileges granted to the special degrees that burden the budget, represented by the various allocations and privileges, and serious work to combat corruption in state institutions in all its joints." LINK
Al-Saffar: Baghdad And Erbil Are Close To An Agreement
Time: 12/17/2020 16:07:43 Read: 611 times {Baghdad: Al Furat News} The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, called on Thursday to invest the presence of the Kurdish delegation in Baghdad and to know all the information and numbers about the region
Al-Saffar told Al-Furat News that "two or three days ago, the Deputy Speaker of Parliament (Bashir Al-Haddad) spoke on his own, and nothing was announced because there is no commitment to the law on financing the fiscal deficit, and will the problem of the final months of 2020 be resolved?" .
He added, "There is another part of the 2021 budget related to the final solution, meaning that the entire oil file and customs will be handed over to Baghdad," noting that "there are things that will be revealed in the coming days, and we will collect information and infer something concrete because there is a movement on the governmental, parliamentary and political side."
Al-Saffar explained, "I think they will reach a final solution, as these problems will not be repeated, as it will become a government-parliamentary agreement that may conflict with the politician, so he becomes a government politician who is not accepted by the government. This time it will be on three axes if there is an agreement. Certainly it will be complementary in favor of two parties to solve these problems."
It is noteworthy that the Deputy Speaker of Parliament, Bashir Al-Haddad, had confirmed earlier, that the Kurdistan region has shown full readiness to implement its constitutional obligations towards the federal government, indicating that the negotiations between Baghdad and Erbil have led to a good rapprochement to resolve differences. LINK
Talabani's Office: Our Delegation Has Not Returned To The Region, And Discussions Are Continuing In Baghdad
Time: 12/17/2020 14:54:21 Read: 1,573 times {Baghdad: Al Furat News} The office of the head of the Kurdistan Regional Government delegation and deputy head of the regional government, Qubad Talabani, denied the return of the negotiating delegation to the region today, Thursday, "confirming the continuation of its talks in Baghdad."
A statement by the office stated that "discussions between the federal and regional governments are still continuing," noting that "two members of the negotiating delegation returned to the city of Erbil to complete some of the official duties of their departments, and they will return this afternoon to Baghdad."
He stressed that "the discussions between Baghdad and Erbil are still continuing and have not ended so far."
The delegation of the region met Wednesday, in the House of Representatives, with the speaker of the parliament, his two deputies and heads of parliamentary committees in the constitutional hall of parliament, confirming the commitment of the Kurdistan Regional Government to the law of financing the fiscal deficit and it is ready to implement its duties in accordance with the law, calling on the House of Representatives to support and support the implementation of the law and the provision of rights And the financial dues to Kurdistan. LINK
The House Of Representatives Votes On Two Laws And A Resolution Declaring The Christmas Of Christ A Holiday For All Iraqis
12/16/2020 The House of Representatives voted in its twenty-ninth session, which was held under the chairmanship of Mr. Hassan Al-Kaabi, First Deputy Speaker, and in the presence of 169 on Wednesday, December 16, 2020, two laws, a parliamentary decision and ending the reading of two draft laws.
At the beginning of the session, the First Deputy Speaker of Parliament, Mr. Hassan Al-Kaabi, read a letter from the President of the Republic, in which he demanded that December 25, 2020 of every year be considered an official holiday for all Iraqis on the occasion of the birthdays of Christ (PBUH) based on a letter sent to the President of the Republic from Patriarch Louis Sacco.
After that, the Council voted on a decision to consider December 25 as an official holiday for all Iraqis on the occasion of the birthdays of Christ (PBUH).
The Council voted on the draft law ratifying the amendments made in 1999 and 2003 to the agreement establishing the World Intellectual Property Organization signed in Stockholm in 1967 and submitted by the Committee on Foreign Relations to keep pace with the changes occurring in the work of the World Intellectual Property Organization (WIPO) as Iraq is a member of it.
The Council requested the vote on the draft law on ratification of the agreement to accelerate cooperation in the economic field and energy affairs between the government of the Republic of Iraq and the government of the Republic of South Korea submitted by the committees on foreign relations, oil, energy, natural resources, economics and investment, to return it to the government in order to clarify its financial obligations arising from the agreement before voting on it.
The Council voted on the draft law on the ratification of the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration submitted by the Foreign Relations Committee in order to implement the rules of transparency in equitable settlement of disputes in treaty-based investor-state arbitration and to promote good governance.
The House of Representatives completed the reading of the report and the discussion of the draft law on the accession of the Republic of Iraq to the International Convention on Civil Liability for Damage to Oil Pollution from Ships in 2001 submitted by the Foreign Relations Committee.
The Council ended the first reading of the draft law on the accession of the Republic of Iraq to the Protocol of 2005 related to the Protocol for the Suppression of Unlawful Acts directed against the safety of fixed platforms on the Continental Shelf for the year 1988 submitted by the Committee on Foreign Relations to reinforce measures for the suppression of illegal acts directed against the safety of fixed platforms existing on the continental shelf.
Regarding the discussions of the ladies and gentlemen of the representatives regarding general conditions, the interventions demanded to set a date to host the Prime Minister in the House of Representatives to discuss the files of national sovereignty and the American presence in Iraq, in addition to the request to host the Minister of Foreign Affairs to discuss the Ministry's performance regarding its work in selecting ambassadors.
Mr. Hassan Al-Kaabi directed the formation of a truth-finding committee consisting of Integrity and Labor Committees and civil society institutions to follow up on complaints of extortion by gangs trying to take over the service spaces in the Haifa Street and Salhia complex.
During the session chaired by Mr. Bashir Al-Haddad, the interventions demanded an increase in the number of days for the sixth preparatory students, three days instead of one day per week, to help the educational cadres complete the curriculum, in addition to an invitation to host the Minister of Health and the Doctors Syndicate to discuss the issue of high prices of medicines and medical analyzes that Overburdened citizens.
After that, it was decided to raise the session to tomorrow, Thursday, 12/17/2020
Media Department Parliament 12/16/2020 LINK
Taxes On Gasoline, Cigarettes And Barber Shops ... Here Are The Most Prominent Items In The Draft 2021 Budget
Pratha News Agency109 2020-12-17 The draft general budget bill for 2021, which included imposing new taxes, was leaked in an attempt to control the stifling financial crisis in Iraq.
According to the draft, the draft budget law includes imposing a tax on gasoline and aviation fuel at a rate of 20%, as the price of a liter of gasoline will be 540 dinars instead of 450 dinars, and kerosene by 15%.
The draft also includes imposing a 10% sales tax on all commercial stores, cigarettes, cars, alcoholic beverages, and men's and women's barbershops. http://burathanews.com/arabic/economic/382611
For The First Time In 9 Months ... Oil Prices Cross The $ 50 Barrier
Editing date: 12/17/2020 10:16 • 65 times read [Follow_Wine] On Thursday, oil prices reached their highest level in 9 months, after US government data showed that crude stocks fell last week.
Brent crude futures rose 28 cents, or 0.6 percent, to $ 51.36 per barrel, while US West Texas Intermediate crude futures rose 27 cents, reaching $ 48.09 a barrel.
Both criteria reached their highest levels since early March, amid optimism about the Corona virus relief package in the United States.
The Energy Information Administration said, "US crude stocks exceeded the expectations of analysts who had predicted a decline of 1.9 million barrels, after the stockpiles rose in last week's data."
She added, "The operation of crude oil refineries decreased by 253 thousand barrels per day last week."
Refinery utilization rates decreased by 0.8 percentage points in the past week
http://www.alliraqnews.com/modules/news/article.php?storyid=105265
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