Iraqi News Early Saturday AM 3-5-22
Iraqi News Early Saturday AM 3-5-22
TLM724 Administrator BondLady’s Corner
Expose The Impact Of The Delay In Approving The Budget On Investment Projects
Political | 03:47 - 05/03/2022 Special - Mawazine News, the former Director General of Financial Supervision, Salah Nouri, confirmed the government's violation of the constitution regarding the delay in approving the general budget for the year 2022.
Nuri said in an interview with "Mawazine News" that "the current government was supposed to send the budget law since the ninth month of last year, according to the constitutional timing for sending the law."
And he stated, "In economic terms, the delay in approving the budget has a direct impact on investment projects directly, and does not affect projects whose completion rate exceeded 80%." Ended 29 / h
https://www.mawazin.net/Details.aspx?jimare=186376
A Deputy Reveals A Hidden Reason Behind The Delay In Approving The Budget .. We Do Not Expect It Soon
Saturday, March 5, 2022 2:54 PM Special / National News Center
The representative of the State of Law coalition, Aref Al-Hamami, revealed today, Saturday, the reasons for delaying the government's approval of the draft general budget and sending it to Parliament for discussion.
Al-Hamami said in a statement to the "National News Center", that "the political blockage is the main reason behind the delay in approving the budget and forming the government so far," explaining that it "had a negative impact on the Iraqi people and on all institutions."
He noted that "the date of approving the budget is linked to Parliament's completion of the constitutional and legal positions, after which the budget is sent by the government, provided that the permanent committees in the House of Representatives, including legal and financial, are also completed, so that the council can read and vote on the budget."
And the representative of the state of law ruled out approving the budget soon, saying that “I do not think that it will approve, amid these circumstances, the delay in forming the government, voting on the prime minister and voting on the president of the republic, with the continuation of political differences, especially with the absence of political blocs that own two-thirds of the parliament.”
Regarding setting the date of the next parliament session to open the door for candidacy for the presidency of the republic, Al-Hamami Aref explained, “Today’s parliament session will witness the opening of the candidacy door, and then parliament will set a period for the end of which to vote on the candidates of the President of the Republic.” https://nnciraq.com/115854/
Dollar Exchange Rates Are Stable In Local Markets
Economie| 10:21 - 05/03/2022 Baghdad - Mawazine News The dollar exchange rates witnessed stability, today, Saturday, in the local markets.
The selling prices of the dollar were 147,250 dinars per 100 dollars, while the purchase prices of the dollar were 146750 dinars per 100 dollars. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=186344
Al-Kazemi’s Advisor Expects To Raise The Price Of A Barrel Of Oil In The Budget To $70
Economie| 09:12 - 05/03/2022 Baghdad - Mawazine News, the economic advisor to the Prime Minister, Mazhar Muhammad Salih, considered, on Saturday, that the Russian war on Ukraine is a "historic opportunity" for Iraq to develop its industrial and agricultural sectors, while he expected to raise the price of a barrel of oil in the 2022 budget, to $70.
Saleh said in a statement to the official "Al-Sabah" newspaper, followed by Mawazine News, that "the Russian-Ukrainian war opened the opportunity for Iraq to develop its industrial and agricultural sectors," noting that "Iraq has two opportunities, the first of which is to benefit from the positive returns of the high oil prices in developing its investment, The second is that the gas and grain crisis should push us to develop our own capabilities.”
Saleh added, "The war today in the world is not far from Iraq, and it has positive effects that are in the financial interest of Iraq, due to the rise in oil revenues, in addition to the fact that OPEC may lift restrictions on the export of oil due to a shortage of energy," adding that "in return, there is Negative effects in Iraq, which depends for its food security on imports, especially grains, which rose by 30 percent.
Salih considered this war a "historic opportunity. The government must examine the possibility of what can be produced through high oil prices and harnessed for the benefit of the country's economic growth," noting that "Iraq is at a break-even point from these effects, but the benefits will be greater if the economic and administrative and financial matters are studied." correctly".
Saleh expected that "the price of a barrel of oil will change in this year's 2022 budget and may reach 70 (dollars), according to government estimates," calling for "
The economic advisor to the Prime Minister stressed "the need to start paying attention to the infrastructure of the energy sector, especially gas, and the development of associated gas and natural gas," saying: "It is time for the government to act decisively and give priority to this sector." Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=186337
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