"Tidbits From TNT" Wednesday Morning 4-21-2021

Apr 21

TNT:

Tishwash: Barzani: We are committed to implementing the budget, and Baghdad has not sent any salaries for ten months

Today, Tuesday, April 20, 2021, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, met with the consuls and representatives of the European Union countries in the region.

The meeting discussed the situation in the Kurdistan Region and the relationship with the federal government, as well as ways to strengthen relations between the Kurdistan Region and the European Union.

Regarding the relationship with the federal government, the Prime Minister affirmed the commitment of the Kurdistan Region to implement the Federal Budget Law, and called on the federal government to fulfill its obligations towards the Kurdistan Region, indicating that it did not send any salaries to the region for ten months.

The Prime Minister expressed his hope that the approval of the House of Representatives on the budget law would be a good start to find a radical solution to other outstanding issues on the basis of the constitution, especially the implementation of Article 140 and the normalization of conditions in the Kurdish regions outside the administration of the regional government, and said that this would have a positive impact on the security of Iraq And its stability.

The Prime Minister highlighted the government’s reforms aimed at reorganizing and diversifying sources of income, reducing unnecessary expenditures, establishing transparency and reducing the waste of public wealth.

The Prime Minister also indicated that the Kurdistan Regional Government will provide all necessary facilities for foreign and local investors to develop investment in all fields.

At the end of the meeting, the Prime Minister answered the questions and interventions of European Union consuls and representatives working in the region. link

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Cutebwoy: The Ministry of Finance indicates errors in the budget texts and approaches the Presidency of the Republic to correct them

Shafaq News / The Ministry of Finance announced on Tuesday that there were errors in the tables and texts of the 2021 budget announced in the Official Gazette, indicating that the Presidency of the Republic will be approached for the purpose of correcting

The ministry said in a statement received by Shafaq News, that it is in the process of auditing the federal budget law for 2021 after the approval of the President of the Republic, in accordance with the powers vested in us.

According to the statement, the ministry noticed “errors within the tables and texts, which will be approached by the Presidency Office for the purpose of issuing a correction statement in accordance with the authority granted to them under the provisions of Article (8) of the Publication Law of the Official Gazette No. (78) of 1977.”

The statement clarified that all the errors that were mentioned in the draft project sent by the House of Representatives according to its letter No. 1/9/3022 on 6/4/2021 and sent by the Presidency of the Republic to the Official Gazette according to its letter No. 4/2021 and shown below: –1- In Article 1 / First / A, the revenues of the federal budget for the fiscal year 2021/2021 (101320141984) are estimated one thousand dinars, as indicated in Table (A), the revenues are according to the numbers attached to this law.

While the table (A) was not amended according to the total revenues referred to above, but rather the total revenues sent by the government project, which amounted to (93159954484) thousand dinars, were retained.

2- Also in Article 2 / First / Expenditures, an amount (129993009291) is allocated one thousand dinars for the year / 2021 of them

1-A- Operating expenditures (90559139482) one thousand dinars, distributed according to field (1, 2 and 3) of Table (B) expenditures according to the ministries.

While the correct total is (98974139482) one thousand dinars and not (90559139482) one thousand dinars, because the additional operational fields are not included, because the last amount is the sum of the column number (1) field plus (1882000000) one thousand dinars of the new operational amounts.

3- As for the total capital, it was mentioned within the same law in the amount of (29136869809) one thousand dinars (twenty-nine trillion one hundred and thirty-six billion eight hundred sixty-nine million eight hundred and nine thousand dinars) to be distributed according to (field / 4 total expenditures) of (table / b) expenditures According to the ministries) and Schedule (E) attached to this law, including the following sums.

While it was mentioned in Schedule (B) prepared by the House of Representatives an amount (25713294605) thousand yen, and when adding the new additional capital field contained in Table (B) prepared by the House of Representatives, it will be (29136869809) one thousand dinars and that the total amount contained in the table attached to the law sent from Before the government it is (27757619729) a thousand dinars, which cannot be approved because Parliament has reduced the total capital expenditures, and schedule (E) referred to in paragraph (3) above cannot be approved because the original schedule was not approved by the House of Representatives, but was changed according to Schedule (B).

4- It was also mentioned in the schedule of page (9) regarding Paragraph (Third) Deficit 1 = (A + B) Total revenues (320141984101) one thousand dinars, which does not match the total of paragraph (A + B), but the correct one is (101320141984) one thousand dinars, and the presidency will be approached Republic for the purpose of issuing the above correction statement.

The Ministry of Finance indicates errors in the budget texts and approaches the Presidency of the Republic to correct them

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Harambe: Shafaq News: Dinar/Dollar's rates plunged after a two-day hike

(4/20/21)

Today, Tuesday, April 20, 2021, the Dinar/Dollar exchange rates retracted after a surge over the past two days.

Shafaq News Agency correspondent said that Al-Kifah and al-Harithiya Central Exchanges are trading the 100 US dollar at 147800 Iraqi Dinars, compared to 148100 dinars yesterday.

Our correspondent added that today's selling and buying prices in the local markets dropped to 148,250 and 147,250 dinars per 100 dollars.

In the capital of the Kurdistan Region, Erbil, the US buying and selling prices also dropped to 148,200 and 148,000, respectively.

Observers attributed this decline to the sums the Central Bank of Iraq injected into the market via the currency auction.

https://shafaq.com/en/iraq-news/dinar-dollar-s-rates-plunged-after-a-two-day-hike

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