Sunday Late Evening Iraq Economic News Highlights 9-11-22

Sunday Late Evening Iraq Economic News Highlights 9-11-22

The Four Presidencies Cost Iraq 4 Trillion Within 7 Months

Money and business   Economy News-Baghdad   The economic expert, Nabil Al-Marsoumi, revealed, on Sunday, the total cost of the expenses of the presidencies of the republic, the House of Representatives, the government and the supreme judiciary, indicating that it cost the state more than four trillion dinars .

Al-Marsoumi said in a post on his Facebook page that “the cost of the House of Representatives amounted to 302.9 billion dinars, the Presidency of the Republic 27.6 billion dinars, the Council of Ministers = 4.158 trillion dinars, and the Supreme Judicial Council = 236.3 billion dinars .”

Al-Marsoumi added, "The total expenses of the presidencies during seven months amounted to 4.725 trillion dinars."   18 . views   Added 09/11/2022 - 1:31 PM  Update 09/11/2022 - 2:49 PM

https://economy-news.net/content.php?id=29650

A New Iraqi-Iranian Agreement On Travel Between The Two Countries

Internationals   2022-09-11 | 06:40   5,151 views   Alsumaria news – International The head of the Iranian Civil Aviation Organization, Mohammad Mohammadi Bakhsh, announced today, Sunday, an agreement with Iraq to lift restrictions on increasing the number of flights to Najaf and Baghdad until the end of the month of Safar.

Mohammadi Bakhsh said in an interview with the Iranian "IRNA" agency, followed by Alsumaria News: Regarding the recent talks with Iraq to facilitate and increase flights between the two countries, more than 120 regular flights between Iran and Iraq existed and increased in the Arba'in season to a thousand flights.

He added that the demand for air travel from Iran to Iraq is more than a thousand flights, and it was decided to lift the restrictions imposed on the number of flights until the end of the month of Safar, during continuous meetings with officials of the Iraqi Civil Aviation Organization, as well as officials from Najaf and Baghdad airports.

And between: Iraq will provide the necessary facilities for Iranian flights, and in return we have provided ground support equipment at airports to Najaf Airport.

He pointed out that: We advise Iranian visitors participating in the Al-Arbaeen Al-Husseini visit to return to the country today (Sunday) and tomorrow (Monday) because airlines and airlines have more vacant seats on these two days.    LINK

For The Fourth Month In A Row In Iraq, The Contribution Of Oil To The Budget Reached

Shafaq News/ The Ministry of Finance issued the Iraqi state accounts for the month of July for the fiscal year 2022, which indicated that the contribution of oil in the federal budget is still high, reaching 96% for the fourth month in a row, while an economic expert considered that the rise is normal for Iraq's rentier economy.

Shafak News Agency followed the data and tables issued by the Ministry of Finance in the current month of September for the accounts of last July, which indicated that oil is still the main resource for Iraq's general budget, reaching 96%, which is the same percentage for the month of last June, which indicates that the rentier economy is the basis in Iraq's general budget.

Through the financial tables, it shows that the total oil revenues for the month of July amounted to 88 trillion and 381 billion and 38 million and 997 thousand and 103 dinars, which represents 96% of the total revenues, while the total non-oil revenues amounted to 3 trillion and 539 billion and 615 million and 851 thousand and 199 dinars.

It constitutes 4% of the total revenues, while the total oil and non-oil revenues amounted to 91 trillion and 920 billion and 654 million and 848 thousand and 302 dinars, which is 94.48% higher than the same period last year 2021, which amounted to 47 trillion and 264 billion and 595 million dinars as a result of high prices oil.

According to the finance report, the revenues for the month of July came from current revenues, which amounted to 91 trillion and 877 billion and 18 million and 164 thousand and 945 dinars, and also came from capital revenues, which amounted to 43 billion and 636 million and 683 thousand and 357 dinars.

for his part; Financial expert Hilal Al-Tahhan said in an interview with Shafaq News Agency, "The increase in the proportion of oil in Iraq's general budget is a natural thing for Iraq's rentier economy," noting that "Iraq has not benefited so far from its large budget in diversifying its economy."

He added, "The countries of the world are currently moving towards clean energy and gradually dispensing with carbon, and therefore what we are witnessing today in the rise in oil prices may not be witnessed at all in the coming years, and Iraq will be in trouble as a result," noting that "all the Gulf oil countries have tended to diversify their economy from Through investments abroad and the formation of a large production structure within their countries.

The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, had confirmed in March 2021 in an interview with Shafaq News Agency; The reasons for the economy to remain rentier are due to wars and the imposition of sieges during the past era and the political conflicts we are witnessing today, which have led to the dispersal of economic resources.

And the Iraqi state’s continuation of relying on oil as the only source of the general budget makes Iraq at risk of global crises that occur from time to time due to the impact of oil on it, which makes Iraq turn every time to cover the deficit through borrowing from abroad or inside, which thus indicates the inability to manage Effectively state funds, and the inability to find alternative financing solutions.    LINK

Al-Halbousi “Obliges” The Finance To Confirm The Lecturers, Contracts And Employees (Document)

Shafaq News / Parliament Speaker Muhammad al-Halbousi announced today, Saturday, the obligation of the Ministry of Finance to confirm the lecturers, contracts and daily procedure, and to cancel previous circulars of the ministry that "violate" the Food Security Law.

Parliament Speaker Muhammad Al-Halbousi said in his response to a document submitted by the representative of his bloc, Muzahim Al-Khayyat, regarding the exclusion of the Ministry of Finance, the issue of fixation after 2019, and seen by Shafak News Agency, that he "obligates the Ministry of Finance to implement Paragraph 3 of Table (A) of the Food Security Law, which is related to fixing all Contracts, lecturers and daily procedure after 10/2/2019 and the cancellation of the Ministry of Finance’s circular No. 26377 dated 8/23/2022, which stipulated their exclusion from the confirmation.

The deputy of the Progress Party, Muzahim Al-Khayyat, expressed in a document he submitted to the Speaker of the House of Representatives his “astonishment at the uncles of the Ministry of Finance for excluding contractors from some ministries, including higher education and scientific research,” while the Speaker of Parliament called for “intervention and approaching the Prime Minister to instruct the Ministry of Finance by canceling these uncles.

The Ministry of Finance had announced, on September 6, 2022, the suspension of all appointments of contracts and lecturers to the owners of the Ministry of Higher Education and Scientific Research, after two decisions were issued on 10/2/2019, while a document quoted the Director General of the Administrative and Financial Department in the Ministry, Asaad Ghani Jihad, explaining that " Otherwise, the universities will bear the legal, administrative and financial consequences."    LINK

Iraq Calls On The International Community To Provide Justice For The Victims Of Terrorism And Initiates Psychological And Health Recovery Programs

Shafaq News/ The Iraqi National Security Adviser, Qassem al-Araji, called on the international community to do justice to the victims of terrorism and reintegrate them into society, declaring that the Iraqi government launched psychological and health recovery programs for all societies that were under the control of ISIS.

This came during Al-Araji’s participation in the First World Conference on Victims of Terrorism, held at the United Nations Headquarters in New York, and via closed-circuit television, with the participation of the Deputy Secretary-General of the United Nations, Director of the Counter-Terrorism Office, Vladimir Voronkov and the Spanish Minister of the Interior. He also held Iraq’s seat at the United Nations as delegate Permanent Ambassador Mohammed Hussein Bahr Al-Uloum.

Al-Araji delivered Iraq's speech at the conference, in which he stressed that "Iraq has faced terrorism and extremism for years, as the terrorist organization ISIS tried to ignite sedition, raped cities, killed men and women, stole money, and caused the emigration of more than one million and four hundred thousand citizens, but the Iraqis thwarted its plans with their awareness and cohesion." social".

Al-Araji added, "The Iraqis, with all their components and sects, fought heroic battles against the terrorist Daesh, and the fatwa of sufficient jihad issued by the supreme reference had a great impact on the victory over terrorism, noting that the terrorist threat of Daesh has become limited, thanks to the sacrifices of the security forces of all kinds and the help of the international coalition and countries." girlfriend."

Al-Araji indicated that "the Iraqi government launched psychological and health recovery programs for all communities that were under the control of ISIS, adding that the psychological cell of the National Security Adviser continued its tasks with the support of the Iraqi government, civil society organizations and the United Nations, to provide treatment and advice to restore psychological balance to the victims of terrorism, Through the use of psychiatric clinics for returnees from the Syrian Al-Hol camp and the rest of the displacement camps, to help the victims cope and understand their fears.”

Al-Araji also indicated that "the Iraqi government has enacted the Victims of Terrorism Law No. 20 of 2009, as well as the Redress for Yazidi Survivors Law, in order to enforce the law and punish terrorist criminals."

Al-Araji called on the international community to "fair justice to the victims of terrorism and reintegrate them into society, by increasing programs to support victims and rehabilitate returnees from the Syrian al-Hol camp, especially women and children, as well as focusing on raising the capacities of workers in the field of psychological rehabilitation, stressing that Iraq is heading towards developing a strategy It includes an integrated package of services to cover the needs of victims of terrorism.    LINK

Erbil Chamber Of Commerce Organizes An "Exceptional" Course For Small Business Owners

Shafaq News/ The Chamber of Commerce in Erbil, the capital of Kurdistan Region, held on Sunday, a graduation ceremonies for the first course for developing small projects.

The Director General of the Chamber of Commerce, Dara Jalil, told Shafaq News Agency, "The course included 37 people from small business owners, and included how to develop their business and benefit from the experiences of leading companies in this field."

He added, "This course was held for a month, in coordination with a number of representatives of leading international companies in several fields, to transfer their expertise to small companies and emerging projects in the Kurdistan Region."

In turn, Nasih Hawrami, one of the participants in the course, told Shafaq News Agency, "I have a solar energy generation company and I participated in this course because it helped me a lot in knowing the weaknesses of my project and how to solve them and turn them into strengths like the leading companies in the field in which I work."    LINK