Iraqi News Sunday AM 9-5-21
Iraqi News Sunday AM 9-5-21
TLM724 Administrator BondLady’s Corner
Minister Of Finance: Complete The Proposed Budget Model For The Coming Year And Study The Mechanisms For Its Implementation
Political | 04:23 - 05/09/2021 Baghdad - Mawazine News Finance Minister Ali Allawi announced, on Sunday, that he has completed following up on the proposed federal budget model for the coming year and studying the mechanisms for its implementation.
And the ministry stated in a statement received by Mawazine News, a copy of it, that "Allawi chaired the twenty-second session of the committee for preparing the federal general budget strategy for the medium term 2022-2024, in the presence of the President of the General Authority for Monitoring Federal Revenue Allocations, the Undersecretaries of the Ministry of Finance and Planning, the Prime Minister's advisors and the Ministry's advisors.
And the general managers of the Ministry of Finance and the relevant ministries, during which they discussed the most important requirements of the items to be included in the 2022 budget submitted by the Undersecretary of the Ministry, and their costs were estimated in light of the laws and legislation in force.
And she added: "The meeting completed the follow-up to the proposed federal budget model for the next year and the study of the mechanisms for its application in accordance with the current economic challenges and in line with the adoptions of the financial reform process related to the modernization and development of aspects of spending and public financial management, as it included the proposed budget model for the governorates (Basra, Wasit, Maysan, Karbala), as well as The meeting continued to define and program spending ceilings by the Ministry of Finance and discuss their extent, stressing the need to stabilize spending ceilings at safe levels to ensure optimal implementation of the budget’s paragraphs and items in a smooth and high accuracy, in addition to mobilizing financial resources and directing them towards achieving comprehensive economic development.
https://www.mawazin.net/Details.aspx?jimare=166293
Parliamentary Calls To Modernize The Banking System
Sunday 05 September 2021 163 Shaima Rashid The Parliamentary Committee on Economy and Investment called on the government to facilitate the affairs of investors, whether local or foreign, and to create a modern banking system. These calls came with the presence of a Jordanian parliamentary delegation in Baghdad to facilitate the work of investors from both countries the two countries.
Last Thursday, discussions were held at the parliament headquarters with the Jordanian delegation on ways to enhance bilateral relations, parliamentary diplomacy, and cooperation and coordination between the two parliaments.
Committee member Nada Shaker Jawdat said in an interview with "Al-Sabah": "The country needs investment in order to advance it, since the reform of Iraq stems primarily from interest in the economy, and this is necessary with the high rate of unemployment," and indicated that "these things will not be achieved." Without eliminating corruption and stopping the bargaining of investors,
whether from inside or outside, a modern and advanced banking system must also be established, since this is what facilitates the work of investors,” and called for “the need to facilitate procedures and reduce red tape for investors, especially with the presence of the Jordanian delegation that is looking into investment opportunities in country".
She added, "Investment can succeed in Iraq, provided that there is a correct management of the country," and indicated that "there are experiences of countries that were more devastating in their situations than Iraq, whether Malaysia or Indonesia, but today we find them at the forefront of countries after paying attention to investment and correct planning for their countries."
And she continued: "Therefore, we need correct management in order to advance the country and keep parties away from interfering in investments, and attention must be paid to the security aspect, especially since any investment needs a good security situation because the capital Coward". LINK
Strategic Laws Await The Next Parliament
Sunday 05 September 2021 178 Baghdad: Muhannad Abdul Wahhab Members of various parliamentary committees stressed the importance of the parliamentary committees in the next parliament to complete the achievements and laws started by the current committees and reached the vote after studies and discussions with many specialists.
A member of the Security and Defense Committee, Kataa Al-Rikabi, said in an interview with "Al-Sabah": "The cybercrime law is one of the first laws that were nominated for a vote in the next parliamentary session, because it is an important law and has many problems that affect the social structure."
He added that "among the important laws, which will be among the priorities of the next parliament, are the compulsory service law, the laws of military institutions (the National Intelligence and Security Service) and other important laws that regulate the work of military institutions."
For her part, a member of the Economy and Investment Committee, Nada Shaker Jawdat, indicated in an interview with "Al-Sabah", that "one of the committee's priorities in the upcoming parliamentary session is the (private-public partnership) law, as well as the (mineral investment) law, securing economic activity and focusing on advancing the wheel. economic".
She indicated that "90% of the paragraphs of the partnership law have been completed," and stressed that "the next economic committee should re-evaluate the economic situation with the relevant ministries, draw up new plans that keep pace with the size of their budgets, strengthen and support other laws, and reconsider laws that need amendments and facilities to open the door for investment easily. in front of investors.
For his part, a member of the Parliamentary Services Committee, Abbas Al-Atafi, told "Al-Sabah", that "the upcoming parliamentary committee should complete the current committee's path, as it has worked to achieve many achievements, the most important of which is the completion of the (Slums Law) and (Roads and Bridges) and the evaluation of projects in all governorates. Iraq and sorting out the lagging ones that the stage needs, the most important of which are strategic water projects, housing and energy projects and sewers.”
He pointed out that "there are many strategic projects that are lagging or stalled due to lack of funding, so the upcoming parliamentary committee should study the possibilities available to complete the completed projects, including a high percentage of 90% or more, and allocate funds for them and that it is one of the committee's priorities to follow up." LINK
By Destroying The Markets And The Local Currency.. A Deputy Warns The Government Against Repeating The Scenario Of Lebanon In Iraq
Political | 02:44 - 05/09/2021 Baghdad - Mawazine News, the representative of the Al-Fateh Alliance, Muhammad Al-Baldawi, warned, on Sunday, the government and political forces against repeating the scenario of Lebanon in Iraq and destroying the markets and the local currency.
Al-Baldawi said in a televised statement, followed by Mawazine News, that "raising the dollar's price against the dinar was the government's first steps to implement the reformist white paper, but it caused an increase in food prices by 50% from its real price."
He added, "There are political parties seeking to destroy the local currency by hitting the market and manipulating food prices, provided that Iraq is similar to what is happening in Lebanon."
Al-Baldawi called on the government and political forces to "beware of repeating the scenario of Lebanon in Iraq, by increasing taxes and destroying markets and the local currency," calling at the same time the government "to impose control over food prices in the market." Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=166277
The Stability Of The Dollar Exchange Rates
Sunday 05 September 2021 78 Baghdad: morning The exchange rates of the US dollar against the Iraqi dinar stabilized yesterday, Saturday, on the main stock exchange in the capital Baghdad.
An informed source said, "The Central Kifah and Al-Harithiya Stock Exchange in Baghdad recorded, yesterday morning, 147,300 Iraqi dinars, compared to 100 dollars. American.” These are the same prices recorded last Thursday morning.
He pointed out that «buying and selling prices have stabilized in banking shops in the local markets in Baghdad, where the selling price reached 147,750 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 146750 Iraqi dinars per 100 US dollars». LINK
Central Bank Sales Of Hard Currency Rise To 225 Million Dollars
Economie| 01:28 - 05/09/2021 Baghdad - Mawazine News The Central Bank of Iraq's sales of hard currency recorded, on Sunday, a remarkable increase, reaching more than 225 million dollars.
Today, the Central Bank auction for the sale and purchase of foreign currencies witnessed an increase in its sales by 4.65% to reach 225 million, and 462 thousand and 282 dollars.
The purchases amounting to 180,702,282 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 44 million and 760 thousand dollars went in cash.
37 banks responded to requests to enhance balances abroad, and 17 banks to meet cash requests, in addition to the participation of 17 exchange companies. Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=166269
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