More Iraqi News Tuesday Evening 6-7-22
More Iraqi News Tuesday Evening 6-7-22
TLM724 Administrator BondLady’s Corner
An Economist Identifies Two Positive Aspects In Approving The Food Security Law
Sweetened Yesterday, 17:17 Baghdad - INA - Muhammad Al-Talbi, the financial and economic expert, Mahmoud Dagher, identified today, Monday, two positive aspects in approving the emergency support law for food security and development, and while he expected the continued rise in oil prices during the current year 2022, he identified the reason for the inflation of the local market.
Dagher told the Iraqi News Agency (INA), that "the adoption of the emergency support law has two aspects, the first is psychological, which gives reassurance to the merchants that their stores will remain stable, and the other aspect is that there is a competitor to the merchants through the government by supporting the food basket."
He added, "There is a problem, which is the expansion of the emergency support law to other articles, investments and instructions, which constituted an obstacle to approval, especially since the recent Federal Court decision says that the caretaker government does not have the right to issue laws," adding:
"We are with the food and the farmer and that the law is limited to on this paragraph.
On his expectations for the continued rise of oil, Dagher explained,
"The international political situation is changing, so
it cannot be guessed that the rise in oil will continue until 2023,
but during 2022 prices will continue to rise and be offset by a rise in inflation and transport prices."
He pointed out that
"the rise in oil prices and the resulting revenues represent a protection for Iraq against countries that do not have oil."
With regard to internal and external debts, he indicated that
“Iraq is obligated to pay the external debt amounting to 24 billion dollars according to a specific timetable, and the payment cannot be delayed. market".
He stressed,
"The size of the internal debt is one of the important reasons for inflation, and
the more the financial debt is returned, the more the central bank's position will be improved and
we reduce the liquidity pressures in the market." https://www.ina.iq/157840--.html
Opens 6 Files With The Minister Of Finance, Including The Confirmation Of Contracts, Lecturers, And The 2022 Budget
Investigations and Reports Yesterday, 19:42 Today, Monday, Finance Minister Ali Allawi Revealed that the total amount of the Food Security Law is adjustable, and while he settled the controversy over the lecturers’ file and their fate with installation, he indicated that the budget law for 2022 is irreplaceable and will include degrees for stabilizing contracts..
Emergency Support Law
Allawi said in an extended interview with the Iraqi News Agency (INA), that "the food security law submitted by Parliament, its total amount is 26 trillion dinars, after adding a trillion to settle the file of lecturers and their treatment according to Resolution 315," noting that
"the emergency support law does not include Confirmation of contracts or lecturers, but only their adaptation.
He added, "The government's submission of the emergency support law before the Federal Court's decision was deliberate to support the fragile classes and to confront the rise in prices as a result of the Ukrainian war, as well as support the agricultural sector and create job opportunities in small and medium projects," noting that
the Financial Management Law does not give the space to process arrears and others, especially dues. Iranian gas has accumulated since the year 2020.
And he indicated that “the goal of the law is also to provide sufficient storage of wheat to face any future problems,” noting that
“emergency security cannot be a substitute for the budget law for 2022.
”It was submitted by the government, and tabs were added to it far from food security,” noting that
“the government agreed on the basic provisions of the current emergency support law submitted by Parliament.”
He noted that "the Ministry of Finance has plans prepared to deal in the event the food security law is challenged again, but the government will face a problem and there will be a disruption in the economy."
However, Allawi said, "The Food Security Law is devoid of any allocations to the Kurdistan Region."
The Budget Law and Contract Consolidation
He explained that “the budget law represents the state’s economic and investment vision and addresses future issues as well as operational aspects and cannot be compensated by the emergency support law,” noting that
“the economic outlook in which the government deals according to the budget law for the year 2021 and cannot continue with it because our vision differs for the year.” 2022".
He pointed out that "the general budget for 2022 was prepared by the Ministry of Finance last March, according to calculating the price of a barrel of oil at 60 dollars, with a total amount of up to 150 trillion, and it may include a small part of the borrowing," noting that
"there are amendments that will be made to the law according to recent changes and the rise in Oil prices.
He explained that "the budget law for the year 2022 may include job grades to install contract holders who have contract service of two years or more."
Investing The Surplus
And the Minister of Finance added that "Iraq does not have a financial glut because export revenues will be received after three months, and
the increase in abundance may start from now, up to two billion dollars per month," noting that
"the part of the financial abundance will be invested in the nucleus of a sovereign and stable fund to address crises and prevent the recurrence of what happened from A shock in the late payment of salaries previously, as
Iraq is now in a good financial position, and
the foreign currency reserve will amount to 80 billion dollars, which gives the possibility to cover Iraq's need for imports for a year.
He explained that "to maintain the spending ceiling, it is preferable to legislate a law under the name of the Generations Fund,
but if this is not possible, the Ministry of Finance has the ability to manage it implicitly according to the available liquidity."
Federal Court Decision And The Region's Oil
And Allawi said that "the decision of the Federal Court on the region's oil will force the Ministry of Finance to take into consideration the repercussions of this decision and not to give the Kurdistan region 12 percent and other allocations, unless a decision is reached to limit the region's oil exports to the hands of the federal government represented by SOMO," noting that
""Kurdistan region's oil exports after the Federal Court's decision have become illegal and no financial allocation for the region can be included in the current year's budget unless the issue of oil export is resolved and restricted to the hands of SOMO.
The personnel file and explained that “the latest statistics on the number of those who receive salaries from the state in various segments amount to about seven million employees in the latest data of the Ministry of Finance,” noting that
“there is work in progress with the employment and tax number and will contribute to ending the file of double salaries, as well as job dropouts.”
Working with the electronic system in granting loans
And he indicated that "working the electronic system in granting loans and advances to employees and citizens of government banks and Rafidain Bank in particular will be soon after solving the technical issues associated with the contractor in managing the electronic system," noting that
"the interest imposed on granting loans and advances was developed according to a study to avoid the loss of any party as well as According to the market, cost and competition balance.
Dr. Allawi said, "The revenues generated from state real estate for the year 2021 and the first quarter of this year amount to one hundred million dollars." https://www.ina.iq/157849--6-2022.html
The Governor Of The Central Bank Of Iraq Receives The Mayor Of Baghdad
June 07, 2022 The Governor of the Central Bank of Iraq receives the Mayor of Baghdad
H from private bank donations.
His Excellency the Governor said, during the meeting:
"The Central Bank and the Initiative's Department are keen to strengthen partnership and cooperation in joint projects in our beloved capital, and to provide a healthy and aesthetic environment for this splendid capital through cooperation with the Municipality of Baghdad,
to implement a number of projects and develop infrastructure through the initiatives launched by the Bank. central bank, which will have a positive impact on their lives, as well as the economic situation.
On the other hand, His Excellency the Mayor of Baghdad praised the efforts of the Central Bank and the Tamkeen Fund, which contributed to the rehabilitation of Al-Mutanabi Street and the development of 21 squares in Baghdad, as well as other projects.
He pointed out that the Central Bank is considered the most important institution in Iraq, due to its
role in protecting the economy, providing aid and supporting projects for the people of Baghdad.
Central Bank of Iraq information Office 7 - June – 2022 https://cbi.iq/news/view/2022
“Without A Certificate” .. State Advisors Are Illegal
Tuesday, 7 June 2022 5:47 PM National News Center/ Baghdad Through mutual personal benefit and all kinds of abhorrent “partisan, sectarian and tribal” quotas, and dozens of other portals, thousands of people climbed to occupy high positions as “advisers” and “experts” in the afflicted Iraqi state.
Their numbers are ministries, state departments, bodies, and presidencies, enjoying the privileges of the position in terms of money, identities, cars and other benefits that only God knows, without their presence having any benefit, so that it is true for them to say that it has become a “profession of those who have no profession.”
In this regard, a member of the Parliamentary Integrity Committee, Tariq Al-Khikani, said in an interview with the National News Center: “Iraq after the fall of the former regime suffered a great slack in the number of advisers and experts who do not give a single useful advice during their tenure in office, but rather they prepare the job The chancellery is just a booty for obtaining identities, money and cars.”
He explained that "there are hundreds or even thousands of (voluntary) advisers who do not have the legal basis that allows a head of a commission, a minister, or someone who is of his rank, to appoint a voluntary adviser, as he does not exist in the law while they have identities and allocations, so we call for advisers to be according to need.
Even the competent ministries must have one or two advisors, adding,
“But what we see at the present time is that the ministry and the entity that is not affiliated with a ministry, as well as the presidencies, include huge numbers of advisors, and they are in fact just names without the required competencies, and some of them have certificates. Undergraduate university, i.e. only a bachelor’s degree,” he asked,
“How can this be a consultant when he only holds an initial degree?”
Al-Khikani called on all presidencies, ministries, and agencies not affiliated with a ministry to “review their work and the number and quality of their advisors. What matters is quality, not quantity,” stressing that
“the increasing numbers of advisors are increasing the burden on the state and the budget, at a time when we are calling for streamlining and reducing expenses.”
And he indicated that "there is a great tendency by the House of Representatives to review this file, as it is one of the important files that must be discussed to know the number of advisors in the Iraqi state, despite the fact that some of them have pension salaries, and partisan and political accounts helped the presence of these large numbers of advisors in institutions".
The political affairs specialist, Dr. Haider Salman, said in an interview with Al-Sabah, which was followed by the National News Center, that “the job of the commission’s advisor or the ministry was not common before 2003, as we did not hear about it or know it, and when we heard about it in countries Outside, it seems to us that their systems are superior to us, and after 2003 we witnessed an increase in the number of consultants, and
we imagined that they were degrees of experience and that they were people with great abilities that the laws harnessed to them to show what they excel in, and
with the passage of time we found that some of them do not understand anything that was originally brought to work from for him.”
He pointed out that "many of the advisors to the governors and the three presidencies are the ones who lost the elections, so they were marketed and returned as part of (consultations), and
most of those we talk about are the failed class, knowing that there is a successful and good class and its presence is important in what occupies him and works in his opinion."
Salman considered that “it is an absolute necessity to codify the matter and make it within contexts and monitor the performance, and not for everyone, hot and cold,” explaining that
“we still remember how one of the presidents, after 2003, appointed his daughters as advisers to the president, and the examples are many and not exclusive with the spread of recent books about the number of many advisers to the governors.” Tikrit and Babylon. https://nnciraq.com/133340/
Rafidain Bank determines the interest of opening savings accounts for citizens
Tuesday, 7 June 2022 2:40 PM National News Center/Baghdad Today, Tuesday, Al-Rafidain Bank set the interest of opening savings accounts for citizens.
And the bank stated, in a brief statement received by the National News Center, that “the interest of opening savings accounts for citizens has been determined.”
He added that "the interest in opening savings accounts amounts to 4 percent in return for depositing citizens' money in the bank's branches located in Baghdad and the provinces." https://nnciraq.com/133298/
Parliamentary Efforts To Host The President Of The Investment Authority, Suha Al-Najjar
Monday, June 6, 2022 9:49 PM National News Center/ Baghdad A member of the Investment and Development Committee, Hussein Al-Sabri, presented today, Monday, a new proposal to preserve the reality of investment in the country, revealing the committee's intention to host the Chairman of the Investment Authority, Suha Al-Najjar.
Al-Sabri said in an interview with the "National News Center", "The Parliamentary Investment Committee is working to make its members representatives for investment in their governorates, to raise the reality of investment in the country, in addition to the fact that the Committee is determined to host the head of the Investment Authority, Suha Al-Najjar."
He added, "It is determined to host the Chairman of the Investment Authority, Suha Al-Najjar, to discuss the plan that the committee has and its implementation on the ground."
He pointed out that "with regard to foreign relations, it is necessary to attract foreign companies and advance in the economic and investment field," noting that "the committee had a meeting that discussed opening Iraqi markets and bringing British investors to Iraq." https://nnciraq.com/133195/
The Central Bank Announces The Success Of The Financing Initiative For The Agricultural And Industrial Sectors
Tuesday, June 7, 2022 7:17 PM Baghdad / National News Center Today, Tuesday, the Central Bank of Iraq clarified the details of its initiative to provide new job opportunities for five categories, confirming that it achieved 4 benefits, while announcing the success of the financing initiative for the agricultural and industrial sectors.
The media office of the Central Bank said to the official agency, followed by the National News Center, that "the Central Bank of Iraq is working continuously to implement all procedures for developing information security infrastructure and issuing instructions and guidelines for the financial and banking sector, which include all domains and areas of information security and cybersecurity that are consistent with Standards, best practices, frameworks and global regulations.
He added, "The Central Bank is also working to follow up the application of the basic concepts of governance of information technologies and security, cyber steadfastness, the development of information security formations within financial and banking institutions, the accreditation of efficient technical cadres and those who hold professional technical certificates internationally approved in this framework, to manage information security risks, avoid attacks and electronic intrusions, and develop Security response processes and procedures to cyber events and integrated digital protection for technical infrastructure, electronic payment processes, banking systems and applications.”
Regarding loans, the media office stated, “The lending criteria within the initiative of the Central Bank of Iraq are based on the provisions of Clause (3) of the General Conditions for Lending Mechanisms issued under the Prime Minister’s Office letter on November 22, 2015, by registering the borrowing request on the Tamweel website. (https://tamwil.iq/) and the selection of the concerned bank with the delivery of the required documents with guarantees and the feasibility of the project, which are subject to scrutiny and approval,” stressing that
“this initiative works to provide new job opportunities in the private sector of the youth category by 50%, and the category of graduates.” Newcomers at 10%, female breadwinners 25%, special needs 5%, and rural residents 10%.
He stressed that "this initiative contributed to achieving 4 positives, represented by providing the private sector with the establishment of factories, secondly reducing dependence on imports, supporting the residential sector, and fourthly encouraging national exports."
He pointed out that “the Central Bank seeks to support societal segments and support them to bear economic difficulties by reading the international and local economic reality, as
the bank sought, during the pandemic in 2020, to postpone installment payments for 6 months due to the health situation and the curfew in the name of reducing financial pressures on borrowers.”
He continued, "The Board of Directors of the Central Bank of Iraq also took the initiative to study the
economic conditions that the country is going through and the challenges facing workers in various economic sectors, especially the agricultural and industrial sectors, and the success of its financing initiatives in achieving its basic objectives to bring about development, provide job opportunities and fill part of the needs that were It is secured by imports,
which calls for supporting projects and mitigating the effects that resulted from the Corona pandemic and the economic conditions that prevail in the world, which affected the capabilities of some projects in fulfilling their obligations to the banks that lent them, in a way that ensures the continuation of the work of these projects and overcoming the temporary problems they face.
On the monetary reserve, the media office stated that “the foreign reserves of the Central Bank of Iraq during the first quarter of 2022 amounted to 74 billion US dollars, including various foreign currencies and gold reserves,” stressing that
“the foreign reserves of the Central Bank of Iraq for the second quarter of this year will be issued soon when It is officially completed, in support of the transparency policy that this bank is pursuing in stabilizing the Iraqi economy.” https://nnciraq.com/133365/
Al -Kazemi: The Central Bank Reserves Reached 76 Billion Dollars And Will Reach 90 Billion By The End Of This Year
Politics - 07-06-2022 05:37 PM - Number of readings: 9921 Prime Minister Mustafa Al -Kazemi announced today, Tuesday, that the Central Bank reserves reached 76 billion dollars, and will reach 90 billion dollars at the end of this year, while indicating the arrest of 5 senior employees accused of leaking questions.
Al -Kazemi said during a press conference in Baghdad.
He added, "Monthly, 5 billion dollars go to the salaries of employees, retirees, benefits, etc., and there are 2 billion operating expenses, and the total is 7 billion dollars and annually 84 billion dollars."
He stressed that "during two years of the government's life, the central bank reserves were less than 50 billion dollars, and now it has reached 76 billion dollars, and we promise you at the end of the year will reach 90 billion dollars."
The Prime Minister explained that "all Iranian gas debts are from previous governments, and there are no debts on Iranian gas on the current government."
He also revealed the government's intention to the cornerstone of 1,000 schools within the Chinese agreement. https://www.dijlah.tv/index.php?page=article&id=309683
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