More News, Rumors and Opinions Tuesday Night 12-8-2020
KTFA:
Samson: Parliamentary Finance expects to receive the 2021 budget file within two days
16:57 - 12/08/2020
Member of the Parliamentary Finance Committee, MP Naji Redis, expected, on Tuesday, that the 2021 budget will arrive in Parliament at the end of this week.
"The 2021 budget will arrive in the House of Representatives at the end of this week, after it has been decided by the government, according to our expectations," said Redis.
He added, "Approving the budget and voting on it after the first and second reading stages have passed, which will take about a month," noting "the importance of resolving the budget file, which is related to many vital files in the country."
It was hoped to hold a large meeting, last Saturday, of the Council of Ministers to resolve the budget file, but it was postponed for the purpose of giving a longer period of study and scrutiny before sending it to the House of Representatives for discussion and voting on it according to the legal framework. LINK
Samson: Economic: The 2021 budget deficit will be about 40%, and financial resources will increase in it
13:20 - 08/12/2020
The economic expert, Furat Al-Musawi, revealed, on Tuesday, the details of the upcoming budget, indicating that the budget will include a deficit of 40 percent.
"Iraq will achieve great financial liquidity during the next year due to the rise in global oil prices, as well as the pre-sale of 48 million barrels of oil to international oil companies," Moussawi said in a statement to Al-Maaloumah.
He added, "The agreement to increase OPEC’s quota after the end of the Corona crisis will cause Iraq's share to rise by about 53 thousand barrels per day, meaning that the budget will add 7 million dollars to it."
Al-Mousawi explained that "the budget deficit will be very large by about 40 percent during the next year," indicating that "the government can avoid it by reducing expenditures in a very large way."
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Don961: Al-Kazemi presents the "comprehensive national dialogue initiative"
Wednesday 09 December 2020 Baghdad: Morning
Prime Minister Mustafa Al-Kazemi put forward the "comprehensive national dialogue initiative" to prepare for early elections.
A meeting was held in the Governmental Palace in Baghdad yesterday, Tuesday, by the President of the Republic, Barham Salih, Prime Minister Mustafa Al-Kazemi, Speaker of Parliament Muhammad Al-Halbousi, and leaders of political blocs.
During the meeting, current developments and developments were presented, as were the general lines of the federal budget and the outstanding problems between the federal government and the Kurdistan region.
The meeting stressed that Iraq is going through exceptional circumstances, as a result of the global economic crisis that occurred due to the spread of the Corona epidemic, and that economic reform is the necessary solution that must be adopted within the scope of Iraqi political and social solidarity that reflects the unity of the position before the main issues.
The meeting indicated support for government measures to achieve economic reform in the draft federal budget law for the fiscal year 2021, in a way that guarantees solutions to fortify the economy in the face of crises. To the constitution.
The Prime Minister also gave a presentation on the comprehensive national dialogue initiative adopted by the government to create a political, security and social environment, to conduct free and fair early elections, protect them from violations, and achieve the highest levels of transparency and justice in them. LINK
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Courtesy of Dinar Guru
Petra The IMF did come out and say that they were discussing with the Finance Committee and the CBI...the rate of the dinar against the dollar...it's very clear these events are happening for a reason, timing wise. And this event is truly a global event...it's a very exciting time...the rate is right before us...
Jeff Article: "Oil disturbs Iraq's 2021 budget: an expected update of the "dinar exchange are" and amending the numbers to reduce the financial deficit!" ...Oil prices are still going up... Quote: "the minister of Finance and the International Monetary Fund to update the Iraqi dinar exchange rate before the end of the fiscal year." That's by the end of March...
TNT:
Tishwash: Call for the development of the banking system
"The development of the national economy requires an effective banking apparatus that possesses advanced technology that provides advanced services that are in line with the requirements of the international effort to work in Iraq, as it requires a continuous modernization of the reality of banking products, to provide services to all segments of society without exception," he said.
"Banks are required to act in accordance with the central bank's instructions and to have a prominent role in supporting active smEs, in a move aimed at raising local production and providing jobs for a segment of young people who represent a workforce," he said. It's effective." link
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Iraqi Dinar News 12/08/20
Pimpy’s Investment Chat: Dec 8, 2020