Finance Minister: Baghdad will face shocks that cannot be addressed without urgent economic reforms

Economie | 10:54 – 22/06/2020

Baghdad – Mawazine News

Iraqi Finance Minister Ali Allawi warned, on Monday, that the Iraqi economy may reach crisis levels during the next year, unless urgent reform measures are adopted.
“Reform is necessary,” said Allawi, who was tasked with stabilizing the Iraqi economy after the collapse of crude oil prices, which cut the state revenue by half. If we do not adjust matters during this year, we may face shocks that we are unable to address. ”

is over

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Baglan: Barzani came to Baghdad to put the final solutions to the mechanisms of selling oil and delivering Baghdad’s dues

Baghdad / news

Imad Bajalan, a member of the Kurdistan Democratic Party, said that there is no option but continuous negotiations until solutions are found for the accumulated crises between Baghdad and Erbil, stressing that the president of the region, Negervan Barzani, came to Baghdad to put final solutions to the mechanisms of selling oil and handing over Baghdad’s dues, and vice versa.

Baglan told Al-Akhbariya that “we have no choice but to return to negotiations with Baghdad and find final solutions to successive and accumulated crises.”

He added that “Nechirvan Barzani’s visit came within a large ministerial delegation to put final solutions and mechanisms for selling oil and delivering Baghdad’s dues to the region or vice versa, the budget, the peshmerga, sovereign expenses and salaries of employees in the region.”

Baglan stressed that “international efforts have been made to resolve the crisis between Baghdad and Arbil over the past days, but all of this depends on the application of the constitution and the laws in force.”

https://www.ikhnews.com/index.php?page=article&id=219529

Al-Kazemi assures Blashart that the government is determined to prepare and “prepare” well for the elections.

Prime Minister Mustafa Al-Kazemi confirmed the government’s intention to prepare and “prepare” well for the elections.

Al-Kazemi’s office said in a statement, which Al-Mirbad received a copy of, that the Prime Minister, Mustafa Al-Kazemi, received today, Monday, the Special Representative of the Secretary-General of the United Nations in Iraq, Jenin Hennes Blackshart. In order to prepare for the early legislative elections.

Mr. Balashart asserted, according to the statement, that the government is determined to prepare well for the conduct of the elections, and to overcome obstacles and obstacles that were previously exposed to previous electoral processes, and that the upcoming elections be a true and sincere expression of the will of the Iraqi people, and their aspirations to achieve development and political stability, and complete sustainable constitutional construction For the Iraqi state, according to the statement.

He pointed to the importance of international cooperation in the preparation and preparation processes, as they have positive repercussions on the credibility of the electoral process.

https://www.almirbad.com/detail/55204

A parliamentary committee announces the agreement with the Minister of Finance to secure the salaries of employees and retirees

Economie | 07:08 – 22/06/2020

Baghdad – Mawazine News

revealed the Parliamentary Finance Committee, on Monday, the agreement with the Minister of Finance to secure the salaries of employees and retirees.

According to the official agency, member of the committee, Hanin Qaddo said, “During a meeting of the Parliamentary Finance Committee with the Minister of Finance, internal loans were agreed to cover the salaries of employees and retirees, as well as an external loan of $ 5 billion, provided that this amount is used to complete the faltering projects.”

“The government should take economic measures and not rely on internal and external loans in its fiscal policy,” Qaddo added.

He explained, “The parliament session scheduled for next Wednesday will be held in the large hall, to achieve social divergence due to the increase in the number of new infections of the Corona virus,” noting that “the session includes a discussion of the internal and external borrowing law.”

The Presidency of the House of Representatives has set next Wednesday as the date for a session to vote on the internal and external borrowing bill on Wednesday 24/6/2020 one o’clock in the afternoon. Ended 6/29

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Parliament is considering holding Wednesday’s session through the electronic window

14:15 – 06/22/2020

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Information / Baghdad .. The

deputy of the Al-Fateh Alliance, Muhammad Karim, confirmed on Monday that the parliament presidency informed the parliament that the next session will be held tomorrow, Wednesday, amid health precautions, and the opposite will take place through the electronic window, indicating that the next session will discuss the internal and external borrowing law.

Karim said in a statement to “Information”, that “the Presidency of the House of Representatives informed all the deputies of their firm intention to hold a session of Parliament next Wednesday.”

He added that “the session will be amidst strong health precautions and in the event that these precautions are not prepared, it will take place through the electronic window”, indicating that “the next session will be a discussion of the internal and external borrowing law.”

The MP, Hanin al-Qaddo, had confirmed in a previous statement to / the information, that the presidency of the parliament will take strict health measures to hold the next parliamentary sessions, indicating that disrupting the work of Parliament at the present time is not possible at all. Ended in / 25 pm

https://www.almaalomah.com/2020/06/22/481133/

The Kurdistani Democrat: The region is going through a great financial hardship and solving the problems with Baghdad will benefit everyone

06/22/2020 12:36

Number of readings 39

Section : Iraq

Baghdad / Obelisk: Member of the Kurdistan Democratic Party, Imad Bajlan, called on Monday, June 22, 2020, to show flexibility to reach points of understanding leading to the solution of all problems between Baghdad and Erbil, while he indicated that the Kurdistan region is going through a great financial hardship due to the economic crisis and the Corona epidemic, and that Solving problems will benefit everyone.

Baglan said in an interview reported to Al-Masala that Al-Faisal and Al-Hakam in resolving all outstanding issues between the region and Baghdad is the constitution, which the Iraqi people voted on, noting that the problems accumulated over the past years as a result of the failure to implement many of the provisions of the constitution and they need constant dialogues between Baghdad And the province to come up with satisfactory solutions to it.

Baglan added that the rapprochement takes place through offering mutual concessions and real willingness to solve problems, at which point views will converge and come up with satisfactory solutions for all, pointing out that the region is going through a great financial distress due to the economic crisis and Corona’s epidemic and problem solving will benefit everyone and that political differences are far from salaries Staff and simple citizen sustenance.

He continued that everyone is required to get out of intransigence and show flexibility to reach points of understanding that lead to solving all problems in a way that guarantees the rights of the Iraqi people and the citizens of the region, pointing out that the constitution is the rule in all issues and the discussion remains on the mechanisms of implementing solutions from a technical point of view whether dialogue on the mechanisms of oil delivery And send the salaries of employees and the region’s proportion of the budget and other matters that need to be developed technical steps to implement them in accordance with the constitution.

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Parliamentary Finance: Distribution of salaries related to Wednesday’s session and voting on the borrowing law

2020/06/22 14:59

Number of readings 9

Section : Iraq

Baghdad / Obelisk: Member of the Parliamentary Finance Committee, Hanin al-Qaddo, affirmed on Monday 22 June 2020 that the postponement of the payment of employees’ salaries on time or not related to an issue in the next parliament session.

Al-Quddu said in an interview with Al-Masala that the Wednesday session of parliament is devoted to voting on the internal and external borrowing law, and if this law is voted on, this will solve the problem of salaries for this month and the coming months, and it will be spent on time without any delay or delay.

He added that the Ministry of Finance really does not have sufficient liquidity to pay the salaries of employees and retirees, and for this the vote will be made on the law of external and internal borrowing, so that the government will be able to pay salaries, so paying salaries depends on the legislation of the law next Wednesday.

Earlier, member of the Parliamentary Finance Committee Hanin Qaddo announced that Finance Minister Ali Allawi had started negotiations with the International Monetary Fund to borrow $ 5 billion.

Qaddo said that the issue of internal and external borrowing will be presented to Parliament under certain conditions, noting that the committee will present a paper of economic reforms to the government that includes not relying on single rents.

He stressed the need for an internal loan amounting to 15 trillion dinars in order to cover salaries and operating expenses, pointing out that the Minister of Finance began negotiating with the International Monetary Fund to borrow $ 5 billion, and it is hoped that it will be allocated for the benefit of investment.

He called on the government to control customs and border crossings, focus its program on the private sector, diversify financial resources to reach safety and not need to borrow.

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Deputy: Borrowing secures the salaries of employees, outlets, and the tax fills part of the deficit

Political | 02:57 – 22/06/2020

Baghdad – Mawazine News

member of the Parliamentary Finance Committee, Hanin Al-Qaddo, confirmed on Monday that borrowing secures the employees ’salaries, pointing out that the ports and tax pay off part of the deficit.

And Al-Qaddo, that “the borrowing law will be put to the vote after consultation between the government and the Minister of Finance and the House of Representatives,” noting that “the current government cannot pay the salaries of employees without going to internal borrowing,” stressing that “the Finance Committee agreed to have to internal and external borrowing.” .

A member of the Parliamentary Finance Committee pointed out that “borrowing secures the salaries of employees, and the government must be effective and exercise influence in border crossings and collect electricity, water and income tax, and it is possible to fill these revenues as part of the financial deficit.” Ended 29 / A

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Headed by Qubad Talabani, a Kurdish delegation will visit Baghdad tomorrow, Tuesday

Political | 02:12 – 22/06/2020

Baghdad – Mawazine News,

The Kurdistan Regional Government announced on Monday that a high-level delegation from the Kurdistan region will visit Baghdad tomorrow, Tuesday.

The government stated in a statement received by / Mawazine News / a copy of it, that “the President of the Kurdistan Regional Government, Masroor Barzani, supervised, today, a special meeting on the discussions with the Federal Government, with the participation of Deputy Prime Minister Qubad Talabani, through a closed-circuit television system (video conferencing)” .

She added that “in the meeting in which members of the negotiating delegation participated, discussions were held on the latest results of the talks and ways to resolve outstanding problems with the federal government under the constitution, with the aim of reaching an agreement that guarantees the securing of constitutional rights and entitlements for the Kurdistan region.”

For his part, Barzani said during the meeting, “We are ready to radically solve all problems with Baghdad and fulfill our obligations in exchange for securing our constitutional rights and entitlements, and reach a comprehensive agreement that satisfies both parties and defines the rights and obligations of each of them.”

He pointed out that “resolving the problems between the two sides is in the interest of all Iraqi citizens, and it is an important factor for stabilizing the region.”

According to the statement, it was “decided at the meeting to send a high-level delegation to Baghdad headed by the Deputy Prime Minister on Tuesday.” Ended 29 / A 43

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The Iraqi government is turning to domestic borrowing to secure June salaries and avoids savings

Economy

06/22/2020 06:27:37

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Shafaq News / Parliamentary Finance Committee revealed, on Monday, that the Iraqi government will go to the central bank to secure employee salaries for the month of June.

Iraq suffers from a severe financial crisis, caused by the collapse of oil prices in global markets

Iraq relies, which is the second largest oil exporter in the Organization  of ” OPEC ” , on the sale of crude revenues to finance about  95  percent of state spending.

“The government does not have the cash to pay the salaries of the employees, and it will go to local borrowing to secure the salaries, as it did last May,” committee member Jamal Couger told Shafaq News.

He added that “the government will go to borrowing from the Central Bank of Iraq to provide financial liquidity and secure employee salaries for the month of June, which exceeded five trillion dinars per month.”

Cougar noted, “The government is not ready to open an opposition front of employees in the event of saving, deduction or delaying their salaries.”

Parliament held a preliminary discussion of the draft domestic and foreign borrowing law, to finance the fiscal deficit during the current year.

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