Parliamentary Finance: Approval of the borrowing law will be conditional on economic reforms

Baghdad / News ”

said a member of the parliamentary finance committee, Mohammed Darraji, Monday, parliament approval to borrow this time will be conditional on the government.

He said Darraji in a televised statement followed the ” news “that” the Minister of Finance promised to reform the paper end of last month and has provided Until now, “he added,” there is a government supervisory defect regarding submitting the reform paper to Parliament. “And

he added,” If the borrowing is approved, it will be subject to conditions on the government, “noting that” failure to abide by OPEC decisions regarding oil cuts requires a government decision. ”

Al-Darraji pointed out that “no one accepts lending to Iraq because of the bad government performance, and that the situation in Iraq has entered the stage of danger due to the financial crisis and the political process may collapse,” stressing that “the border crossings corrupted an institution that has passed through the history of Iraq.”

https://www.ikhnews.com/index.php?page=article&id=228292

Deputy: The government should have arrested those involved in targeting missions, and not announce that “clues” have been reached.

Baghdad / Al-Akhbariya

Today, Monday, MP Rizan Sheikh Delir criticized the government’s announcement of “clues” that would guide them to those involved in targeting diplomatic missions, explaining that the government was free to arrest the criminals first and then the announcement, while considering that Iraq is a lost country in the hands of armed factions outlaws.

“The government spokesman’s exit and his announcement of finding clues that could guide those involved in targeting embassies and diplomatic missions is a fatal mistake, because the government had to arrest those outlaw armed groups that want the country to destroy and then announce their arrest,” Deler told Al-Ikhbariya.

She added, “Iraq today needs serious, realistic and real decisions on the ground by the prime minister, especially as he was the head of the intelligence service and had complete information about Iraq’s security, and he knows who the armed groups are, and he also knows who are those who launch Katyusha rockets at the Green Zone, Jadriya and the airport.” And the embassies, “pointing out that” some politicians so far do not believe that the American embassy can be closed at any moment or that they do not want to believe it, but they are aware of the severity of the closure and they know that the militias and the neighboring countries that support them are the beneficiaries of that because this allows They tamper with the state’s capabilities. ”

 “Iraq has become a lost country in the hands of armed factions outlawing the law, in light of the government silence applied to the systematic killing of activists and targeting missions, and since three four months ago we have not seen any serious step by the government, but if the government spokesman is talking about clues, this is not a problem,” she said. The Iraqi people who want to stop the oppression in the streets and the rockets that fall on the homes of safe citizens. ”

Today, Monday, security expert Hussein Allawi confirmed to Al-Akhbariya that the Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, had obtained strong support to pursue 16 armed factions accused of targeting diplomatic missions, while indicating that the features of their disclosure are very close.

https://www.ikhnews.com/index.php?page=article&id=228280

Talabani: There is no alternative for Kurdistan but an agreement with Baghdad

Baghdad / Al-Akhbariya:

Vice President of the Kurdistan Regional Government, Qubad Talabani, confirmed the government’s readiness to reach an agreement with the federal government, indicating that there is no alternative for Kurdistan but an agreement with Baghdad.

Qubad Talabani said during his response to questions from members of the Kurdistan Parliament during the session in which the parliament hosted Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani, that he rejects accusing the regional government of heading to Baghdad to agree with it when the economic conditions deteriorated, noting that “when we reached a preliminary agreement With Baghdad in December 2019, the price of a barrel of oil ranged between $ 60 to $ 70 a barrel, and at that time we were ready to hand over 50% of the non-oil revenues to the federal government and also hand over imports of 250,000 barrels of oil per day.

Talabani added, “Also today, we are ready to deliver 250 thousand barrels of oil per day or imports and deliver 50 non-oil revenues according to the constitution and the law, in exchange for obtaining the full financial dues of the Kurdistan Region.”

Qubad Talabani stressed that “the alternative to agreeing with the federal government is to agree with the federal government, and to organize the Kurdish house administratively, politically and socially, and despite that it is necessary to agree with Baghdad,” stressing that “Iraq also must agree with the region for its long-term interest, There is international pressure on the region and the federal government to reach an agreement between the two sides. ”

https://www.ikhnews.com/index.php?page=article&id=228283

Parliamentary Finance sends a message to employees about salaries

26,256 Policy 2020/10/01 18:53

Baghdad today – Baghdad 

Today, Thursday, a member of the Parliamentary Finance Committee, Jamal Cougar, sent a message of reassurance to state employees, indicating that the government is working to distribute the salaries of September soon, and secure the salaries of the coming months.

In an interview with (Baghdad Today), Jamal Cougar said, “The salaries of the coming months and in the event that the federal budget bill for the year 2020 is passed, they will be secured, and if this is not possible, the government has more than one option to secure salaries.”

Cougar added, “One of those options is to withdraw the monetary block from the central bank in the form of a trust and convert it into a loan after passing the draft budget,” pointing out that “the other option is that the government can give guarantees to some countries in order to financially support Iraq.”

A member of the Finance Committee in the House of Representatives stated that “the street should not worry about delaying the distribution of salaries, and although the economic situation is difficult, we have many resources and we can overcome the current crisis.”

A member of the Parliamentary Finance Committee, Faisal Al-Issawi, confirmed, yesterday, Wednesday, that the salaries of the month of September for Iraqi employees will be paid before approving the budget or borrowing.

Al-Issawi told (Baghdad Today), “The Iraqi state is obligated to provide the salaries of its employees in all cases, but it needs legal cover for borrowing, whether internally or externally.” Budget for the remainder of the months of 2020 to ensure payment of salaries of employees and retirees and the rest of the other expenses. ”

Al-Issawi added, “So far, we have not received the budget law, but it is expected that it will arrive today or tomorrow, and we will begin its legislative procedures next week to resolve it,” stressing, “The need for more than a week to vote on its paragraphs after the discussion has been resolved, but in any case the salaries of employees will be paid for the month of September. “This is happening before the law is approved, but it will be difficult in the coming months without borrowing.”

On Monday, (September 28, 2020), the Ministry of Finance issued a statement regarding the provision of salaries for employees and their delays, while affirming its commitment to work to secure the salaries of employees and retirees and social care.

The ministry said in its statement, which it received (Baghdad Today), a copy of it that it “assures the honorable citizens that it is working diligently to ensure that all government obligations are fulfilled at their specified times, and on top of those obligations are the salaries of state employees, retirees and social welfare.”

The statement added: “It is no secret to the Iraqi public opinion that the ministry is making these efforts under exceptional circumstances and a financial crisis beyond the control of the government, represented by the sharp decline in oil imports, the Corona pandemic and its domestic and international effects, in a manner that exacerbated the shortage of liquidity available to the state, especially with the expansion Unplanned numbers of employees over the past year. ”

He continued: “To address this lack of financial liquidity, the Iraqi government sought to obtain parliamentary legislation that would enable it to borrow internally and externally, and the funds available through internal borrowing amounting to 15 trillion Iraqi dinars were used until the end of last month to finance salaries and meet other basic expenses, especially what It relates to health and security, while international loans are used to finance development projects. ”

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Parliament movement to hold an emergency session of Parliament to discuss the salary crisis

10/05/2020 18:43

The number of readings 61

Section : Iraq

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Baghdad / Al-Masalla: The Government Program Monitoring Committee revealed, on Monday, October 5, 2020, a movement to collect parliamentary signatures to hold an emergency session due to delaying the payment of employees’ salaries.

Committee member Sattar Al-Jabri said, “The Minister of Finance informed the Committee for Monitoring the Governmental Program, during his hosting of more than two weeks ago, to secure the salaries of employees for the remaining months of the current year,” stressing that he was not committed to the reform paper that is part of the borrowing law.

He added, “The oil revenues, the price of which reached 40 dollars per barrel, are sufficient to cover the salaries of all employees for the month of September.”

Earlier, Finance Minister Ali Abdul Amir Allawi mortgaged the release of employees ’salaries by the House of Representatives vote on the borrowing law.

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Barzani announces agreement on joint management of the border crossings in Kurdistan

Editing date: 10/5/2020 18:25

[Erbil-Where]

The President of the Kurdistan Regional Government, Masrour Barzani, announced, on Monday, the agreement with the federal government to jointly manage the border crossings in the region, while affirming his government’s commitment to handing over the region’s oil revenues to the federal government.

Barzani said, during his presence in the Kurdistan Parliament session, that “the regional government is committed to handing over the region’s exported oil imports to the federal government,” noting that “the region will commit to reducing oil production.”

He added, “He agreed with Prime Minister Mustafa Al-Kazemi to increase security coordination and dialogues between the Peshmerga forces and the Federal Ministry of Defense, in addition to an agreement to form 6 joint security points.”

He emphasized, “linking the border crossings with a unified electronic system, with the formation of a special committee to combat smuggling at the border crossings,” expressing his “optimism in agreement with Baghdad on a joint management of border crossings.”

Regarding financial reforms, the head of the regional government said, ”

He explained, “The government was able to increase the hours of supplying electric power to 21 hours a day, and that the crisis we are going through is the Corona pandemic crisis, which is a global crisis.”

http://www.alliraqnews.com/modules/news/article.php?storyid=101672

The Minister of Finance and the Governor of the Central Bank discuss the crisis of delayed salaries

Time: 10/05/2020 19:39:16

(Baghdad: Al Furat News) The Minister of Finance, Ali Abdul Amir Allawi, discussed with the Governor of the Central Bank of Iraq, Mustafa Ghaleb, the implications of the crisis of delayed payment of salaries.

A statement to the bank’s information, the Al Furat News Agency received a copy of, stated that the bank’s governor had received the Minister of Finance and discussed during the meeting, “the implications of the financial crisis that the country is going through as a result of the decline in oil prices and its potential effects in light of the current economic indicators.”

The two sides stressed “the importance of increasing coordination between the monetary and financial policies, in a way that contributes to overcoming the crisis and reflects positively on stability and economic growth in Iraq.”

Ammar Al-Masoudi  

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Masrour Barzani: Kurdistan is the most successful model in Iraq, and we have an opportunity that should not be missed

Kurdistan Region

Kurdistan Region

Masrour Barzani

2020-10-05 11:48

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Shafaq News / Today, Monday, October 5, 2020, the Prime Minister of Kurdistan Regional Government, Masrour Barzani confirmed that there is a favorable opportunity to resolve the outstanding differences between Erbil and Baghdad, and it should not be lost, and indicated that the discussions with the federal government are continuing within the framework of the constitution. 

In a speech during which he presented a report on a full public work, the Prime Minister reviewed, in the presence of Deputy Prime Minister Qubad Talabani and a number of concerned ministers, what had been accomplished in the reform project, plans to overcome the financial crisis, combat Corona, and service and strategic projects.

In the government work report, the prime minister addressed the file of the ongoing discussions with the federal government and the situation in the Kurdish regions outside the region’s administration, in addition to the oil, financial and peshmerga file.

The Prime Minister said that reform is a permanent process, and it will not end overnight, and it has started in many areas, and will affect various sectors financially and administratively.

And he indicated that health and economic crises facing the Kurdistan Region, Iraq and the world in the midst of the outbreak of the Corona virus, the decline in global oil prices, and Baghdad’s refusal to send the region’s share, but that did not hinder the implementation of strategic projects in agriculture, industry, roads and electricity.

The Prime Minister pointed out to allocating about 28 billion dinars to confront Corona, and stressed reviewing the tax system, as well as fighting red tape to improve job performance in government departments, in addition to linking border crossings and airports with an electronic system to enhance supervision and quality control.

He also reviewed a number of electricity projects that were recently launched, and contributed to raising production to 3,700 megawatts, with processing hours exceeding 20 hours a day. He also talked about health projects, food processing projects and roads, which were laid the foundation stone in the past weeks. 

The Prime Minister emphasized that the internal and external debts amount to more than 8.5 trillion dinars (about $ 7.2 billion), while the total financial liabilities amount to about 9.8 trillion dinars (about $ 8.3 billion), while the total amount of financial obligations for those who receive salaries is more than 10.5 trillion dinars. (About $ 8.9 billion).

He also added that the financial obligations that the government owes to each of the Iraqi Commercial Bank and Kurdistan International Bank amount to about 4.6 trillion dinars (about 3.9 billion dollars), bringing the total internal and external debts to about 33.6 trillion dinars (equivalent to 28.4 billion dollars).

The Prime Minister said that negotiations are continuing with the federal government regarding the Kurdish regions outside the administration of the region, and he also renewed the complete rejection of the demographic change process in those areas by continuing the policy of Arabization and displacing the Kurdish and Turkmen populations from their villages and lands.

He noted that Erbil and Baghdad had previously agreed to establish six joint information centers between the army and the Peshmerga in Diyala, Makhmur, Mosul, Kirkuk, Erbil and Baghdad, but the federal government did not issue any decision to initiate the centers aimed at curbing terrorist activities.

The Prime Minister said: “We are continuing our talks with Baghdad, and there are those who say that the Kurdistan Region’s problem with Baghdad is limited to the budget and salaries, and this is not true. There are major issues, most notably the Kurdish regions outside the region’s administration and the Peshmerga file.”

He pointed out that the Kurdistan Region is the most successful model in Iraq despite the crises, indicating that there is a window of opportunity to solve the problems between the two sides, and it must be exploited and not lost, because the settlement of problems under the constitution is an important factor for stability in the public interest of all Iraqis.

After that, the prime minister, deputy prime minister and ministers answered the parliamentarians ’questions and listened to their interventions on various issues under the dome of Parliament.

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Al-Kazemi pledges to “special status” for Nasiriyah … job opportunities and projects

Politics

Al-Kazemi in Nasiriyah

2020-10-05 06:46

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Shafaq News / During his presiding over the extraordinary session of the Council in Dhi Qar Governorate, on Monday, Prime Minister Mustafa Al-Kazemi pledged that the city of Nasiriyah would have a “special status” in which to launch projects and provide job opportunities.

The media office of the Prime Minister said, in a statement received by Shafaq News Agency, that Al-Kazemi met today, a number of tribal sheikhs in Dhi Qar Governorate, during his current visit to the governorate, referring to Al-Kazemi’s assertion that “Dhi Qar Governorate has its historical and cultural depth. And she made sacrifices, and deserves a lot from us, and we will work hard to restore her health . ”

Al-Kazemi pointed out that “there are two hundred and seventy projects lagging behind in the province of Dhi Qar, for various reasons, some of which are related to corruption and mismanagement, and we will deal with them as much as possible .” 

The statement added that Al-Kazemi listened to “the problems that Dhi Qar governorate suffers from, as the tribal sheikhs presented the demands of the people of the governorate with regard to services, improving living conditions, providing job opportunities and achieving stability .”

The statement of the Media Office of the Prime Minister added that Al-Kazemi presided over the special session of the Council of Ministers for Dhi Qar Governorate, highlighting his assertion that “Dhi Qar’s situation deserves a serious stand by the Council of Ministers, and we are determined to take decisions in the interest of the province and its people .”

 Al-Kazemi stressed that “Nasiriyah must have a special status in which to launch projects and provide job opportunities, and that   the ministers should make more efforts to implement the decisions concerning Dhi Qar Governorate,” adding that “Nasiriyah has given us a lot and we must give it, and it is a city that has been marginalized.” And it needs to pay attention to its reality . ”

The Prime Minister,   Mustafa Al-Kazemi, arrived, Monday morning, to Dhi Qar Governorate, on an inspection visit, to familiarize himself with “the service and security reality therein, to address problems and obstacles facing the implementation of service projects in it, and to hold a cabinet session,” according to the statement of the Prime Minister’s Media Office

The statement said that Kazemi, held a   visit “to the Olive Bridge (martyrs), Surat and read light on the souls of the martyrs of demonstrations in November and met with the collection of citizens, and listened to their problems and promised to follow – up,” persisting   “and welcomed its sovereignty gathering clans, and expressed his delight at the meeting , which embodies The great communication between the government and its people for the sake of joint action and the support of the state in overcoming many problems, and he emphasized that he is betting on the wisdom of our tribes, which are authentic in the province, in order to cooperate together to serve their people .

For their part, the sheikhs of the tribes, according to the statement, thanked the Prime Minister, Mustafa Al-Kazemi, who “fulfilled his promise to them to visit the governorate, stand on its reality and inspect the conditions of its people,” noting that “Al-Kazemi   toured a number of Dhi Qar regions.”

Today, Tuesday, the Iraqi Council of Ministers headed by Mustafa Al-Kazemi held a regular session at the Imam Ali Military Base in Dhi Qar Governorate.

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Central Bank: Direct implementation of steps to reform the banking sector

Banks

Economy News – Baghdad

The Central Bank announced, on Monday, that it will implement its first “reform steps” for the banking sector, indicating that the classification of private commercial and Islamic banks operating in Iraq has been completed according to a set of international standards, in addition to a number of standards approved by the bank.

“This step comes within the framework of enhancing confidence in the banking sector and improving the quality of services provided to the public, as well as enhancing competitiveness in the Iraqi banking sector,” the bank added in a statement.

He emphasized that he had previously asked “the lagging banks more than once to work on correcting their situation and paying their customers’ dues. Therefore, this classification will be an opportunity for those banks to prove their seriousness in achieving reform requirements and pay the dues to depositors and shareholders.”

He continued, “The next stage will include the process of reforming government banks as well, noting that the reform measures that have been adopted depend mainly on the Central Bank Law No. 56 of 2004 and the Iraqi Banking Law No. 94 of 2004 and the instructions and controls issued according to them.”

https://economy-news.net/content.php?id=22116