Deputy reveals details of the budget of 2019 and expects a deficit of more than 22 trillion dinars

 

Baghdad / Al-Ghad Press:
The deputy of the Kurdistan Islamic Group, Ahmed Haj Rashid, said on Wednesday that the Ministry of Finance sent a draft bill weighted 2019 Council of Ministers for approval, expected to reach the deficit more than 22 trillion dinars.

Rashid said in a statement to “Al-Ghad Press” that “the Federal Ministry of Finance sent a draft bill weighted 2019 Council of Ministers for approval,” noting that “the share of the Kurdistan Region has been fixed by 12.67%.”

“It was supposed to send the draft budget to the House of Representatives on October 8,” Rashid said.

He added that “according to the project, the expected revenues amounted to (10556986870) more than one hundred and five trillion dinars, while estimated the expected expenses at (128443052427), more than one hundred and twenty-eight trillion dinars.”

He added that “for the deficit, it is expected to reach (22873365557), more than twenty two trillion dinars, while the estimated operational balance of (95851678404) more than ninety five trillion dinars, while the investment balance (32591374023), more than thirty two trillion Dinar”.

Rashid pointed out “the allocation of (46872918411), more than forty-six trillion dinars sovereign budget, while the allocation of one trillion dinars for the development of provinces and another trillion dinars for petrodollars.”

He pointed out that “the proportion of 12.67% as the budget of the Kurdistan Region and estimated (8741406026), more than eight trillion dinars and the allocation of (126700000) more than one hundred and twenty six billion dinars to develop the provinces of the region, while the balance of investment allocated to the region through loans (102361200) One hundred billion and two billion dinars. “

Rashid pointed out that “the amounts allocated to the Territory in the total balance of 2019 (8970467226), about nine trillion dinars.”

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Central Bank official: the withdrawal of the new currency will lose Iraq millions of dollars!

 

Economy

Wednesday, 10 October 2018 8:00 pm

BAGHDAD / An official at the Central Bank of Iraq, on Wednesday, that the withdrawal of the new currency from the markets will lose Iraq millions of dollars.

The official, who declined to be named, told “Iraq News”, that “some calls for the withdrawal of the new currency, which bears the name of the governor of the Central Bank / Agency on the links, will lose Iraq millions of dollars, this money printed for money, Damaged, how to damage the money printed by exaggeration.

The House of Representatives has discussed, during a hearing, on Tuesday (October 9, 2018), the recent Central Bank procedures on the currency printed recently, which bears the name and signature of the Central Bank Governor Agency, Ali Alalak, which was rejected by a number of deputies, and raised a wave of replies Acts in the Iraqi street.

The Central Bank of Iraq issued on Sunday, 7/10/2018, its second edition of the banknotes of the categories (25,000, 10000, 1000, 500, 250) dinars, which included the signature of Governor Ali Mohsen Ismail Alalak in his full name as the governor of the bank.

“For the categories (25,000, 10,000, 500, 250) dinars, the writing of the name of the governor was included instead of signing it in the old version, in line with what is now practiced in other countries,” the bank said in a statement received by Iraq News. The Hijri and Gregorian dates were modified to the two dates (1440 H-2018 AD).

He added that “the category of (1000) dinars was changed the face of the banknote, where the slogan” the inclusion of the marshes and the effects of southern Iraq on the list of world heritage, “instead of the image of the Islamic dinar in the old design, based on a decision in this regard in addition to writing the name of the governor also Instead of signing it in the old version and modifying the Hijri and Gregorian dates to the two dates (1440 H -2018 AD). “

http://aynaliraqnews.com/index.php?aa=news&id22=106454

Member of the Council: Abdul Mahdi is interested in restoring the government’s relationship with Parliament and the street

 

Release date: 2018/10/10 21:46 
(Baghdad: al-Furat News) A member of the alliance of Sosron Qusay al-Yasiri, the attention of Prime Minister-designate Adel Abdul-Mahdi, the restoration of relations with the House of Representatives and the Iraqi street.
“I think that Abdul Mahdi is not the ideal person for the next government, but his personality and acceptance by the forces and blocks and partners his family in the formation of the next government,” he said, adding that “the current stage and the strength of the political blocs require a personality here as a personality Abdul Mahdi “He said. 
He added that “Abdul-Mahdi would like to have a harmonious relationship with parliament, in previous governments there were large errors reached the extent of the boycott between the houses of parliament and ministers; but we hope that the previous mistakes will not be repeated and would like to have a relationship between the three authorities.” 
The promise of Yasiri Abdul Mahdi’s request at his House of Representatives a very good step, “explaining that” he seeks to be close to the street and parliament. “
“Abdul Mahdi did not run by chance, but came in agreement and conditions laid down by the status of government headquarters outside the walls of the Green Zone and I do not think there are effects on the blocks in the current situation.” 
Prime Minister-designate Adel Abdul-Mahdi visited the House of Representatives on Wednesday. 
A parliamentary source told the {Euphrates News} that “Abdul Mahdi met with First Deputy Speaker of the House of Representatives Hassan al-Kaabi and a number of deputies in the Constitutional Hall of Parliament and stressed the need to open the Green Zone in front of citizens.” 
Abdul-Mahdi also demanded “at the prime minister’s headquarters in parliament to hold periodic meetings with the deputies.”

The agenda of the parliament session tomorrow

 

Editorial date: 2018/10/10 19:24 
(Baghdad: Al-Furat News) The House of Representatives, Thursday, will hold its regular session.
The agenda includes a general topic for discussing the grades and transfer of powers in the presence of the Ministry of Finance and the Secretary General of the Council of Ministers. 
It also includes a general topic of discussion (Student Rates – Central Admission Scheme). 
Parliament will discuss the permanent parliamentary committees of the House of Representatives
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The results of the first day of the candidacy of the Cabinet

 

Date of release: 2018/10/10 19:59 
(Baghdad: Al-Furat News) The press office of the Prime Minister-designate published statistics on the results of the first day of opening the portal of electronic nomination for the post of minister until the end of Tuesday.
According to a statement of the office received by the {Euphrates News} copy of it, “the number of registered on the site 36006, the number of completed nominations 9317, and the proportion of independents of applicants 97%. 
He pointed out that “requests for women accounted for 15%,” pointing out that “the nominations included all the provinces of Iraq and all current ministries.” 
He pointed out that “the proportion of holders of higher degrees amounted to 23%.”

Abadi discusses with the Iraqi Economic Council the facilitation of investment procedures

 

Date of release: 2018/10/10 19:49 
(Baghdad: Al-Furat News) Prime Minister Haider al-Abadi on Wednesday, with the delegation of the Iraqi Economic Council support and promote the private sector, which is reflected on the prosperity of the Iraqi economy.
A statement issued by his office received the agency {Euphrates News} a copy of it that was during the meeting “to emphasize the importance of facilitating all procedures for investment as the country ahead of the stage of construction and reconstruction and provide jobs after the victory on terrorism.” 
He added, “The importance of raising the obstacles that hinder the movement of the economy and the activation of investment has been discussed.” 
For his part, the delegation praised Abadi’s support for providing a safe and sound environment for the Iraqi economy

A banking expert: a fabricated political fuss trying to hit the Iraqi currency and economy

 

Abdul-Hussein Al-Mundhari «Economy News»
 Banks

Economy News Baghdad:

Criticized the banking expert, Abdul-Hussein al-Mundhari, the big uproar that got the issuance of the Central Bank of Iraq new edition of the dinar currency, stressing that it is a fabricated political sensation aimed at hitting the national currency and the national economy, considering the time of issuance clever to coincide with high oil prices and avoid any problem that may affect the economy Iraq.

Al-Manzahri said in an exclusive interview with Al-Iktissad News that “some people unfortunately focused on the existence of the name of the governor in the currency, which is normal in most countries and did not focus on the strength of the currency in the face of fraud and poor employment conditions.” Got about the name of the governor fabricated and purely political issue came at the time of forming the government. “

He stressed that “it is regrettable that some target the national currency, which gives the strength of the national economy and any impact that may affect the lives of people so it requires the removal of the subject of currency for any political conflict,” explaining that “the Central Bank of Iraq is the only party responsible for issuing currency The currency is recognized and people will treat it normally away from the current fuss. “

He pointed out that “the time of issuing the currency by the Central Bank is very smart because it accompanied high oil prices and avoid any problem that may affect the Iraqi economy, which depends on oil in its revenues.” 

http://economy-news.net/content.php?id=13920