Parliament sets a date for discussing a law on which the salaries are spent




Fiscal Deficit Act

2020-11-03 18:52

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Shafaq News / The Iraqi Council of Representatives (parliament) will resume its sessions next Saturday to discuss and approve a number of bills, including the draft fiscal deficit bill.

In the first paragraph of the meeting’s agenda, it was stated that Parliament will conduct the second reading of the draft fiscal deficit financing bill.

The government did not pay employees’ salaries for the month of last October, in a second consecutive delay due to the stifling financial crisis.

Last month, the Iraqi government sent a draft law to borrow 41 trillion dinars (about 34 billion dollars) to Parliament for approval, with the aim of financing the deficit in paying employees’ salaries for the remaining months of this year.

According to statements made by parliamentarians to Shafaq News, the parliament will not agree to pass the bill with this amount, but rather it will reduce it to about 15 trillion dinars.

This law comes to secure legal cover for the government, given that Iraq has not approved a budget for the year 2020 due to the decline in financial revenues, the impact of the decline in oil prices in world markets due to the consequences of the “Corona” virus.

The government is struggling to secure employee salaries and other operating expenses, due to the decline in oil prices due to the Corona pandemic, which has paralyzed large sectors of the world economy.

Iraq relies on oil sales revenues to finance 95 percent of state expenditures.

The Iraqi government announces move toward parliament to pass the law of the fiscal deficit and the payment of salaries

1,651 Economie 11/03/2020 17:37

Baghdad today _ Baghdad 

Ahmed Mulla Talal, spokesman for the Prime Minister, Mustafa Al-Kazemi, announced today, Tuesday, that the government is moving towards Parliament to pass the fiscal deficit law and pay the salaries of state employees.

Mulla Talal said, during a press conference, that “Prime Minister Mustafa Al-Kazemi is in contact with the political blocs in order to pass the borrowing law quickly,” indicating that “the government is committed to paying the back salaries.”

He added, “Al-Kazemi instructed the Ministry of Finance to find a quick solution for the payment of retired salaries and social welfare.”

The spokesman for the Prime Minister, that “the government resorted to borrowing to finance the salaries of employees.”

On the other hand, confirmed Mullah Talal, the “government’s commitment to protect peaceful demonstrators.”

“The government is committed to the protection of peaceful protesters and keeping their constitutional right to protest,” noting that “what happened from firing shots in the air in Basra is contrary to the orders Kazmi.”

The “assignment caused by firing in the air during the demonstrations in Basra to the investigation.”

Kurdistan Region stops the salaries of more than 16 thousand people

Editing date: 11/3/2020 16:52 • 0 times read


The Supreme Committee for Biometric in the Kurdistan Regional Government announced on Tuesday the suspension of salaries of more than 16,000 people for illegally receiving them.

A statement by the committee stated that the Supreme Committee for the Implementation of the Second Phase of Biometric held its second meeting under the supervision of the Deputy Prime Minister of the Kurdistan Regional Government, Qubad Talabani, and in the presence of the Minister of Finance and Economy.

The statement indicated that the Coordination and Follow-up Department and the Information Technology Department presented during the meeting, and based on statistics and biometric databases, a report on the multiplicity of salaries, noting that according to the report, 106 thousand and 839 people earn more than one salary, most of which were organized according to the law.

The statement added that after following up on the file of those salaries recipients, it appeared that 16 thousand and 505 people receive more than one salary illegally, indicating that the Supreme Committee, within the framework of the reform law, recommended the Ministry of Finance and Economy to stop their future salaries while preserving the right of these people to appeal this decision.

He added that the committee set aside a period of six months to review their files.

Parliament sends the election law to the presidency for approval





Election law

2020-11-03 07:49

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Shafaq News / Hassan Al-Kaabi, First Deputy Speaker of the Iraqi Parliament, signed on Tuesday the amended version of the Iraqi election law.

A parliamentary source told Shafaq News that Al-Kaabi had signed the amended version of the law to be sent to the Presidency of the Republic for approval.

The Iraqi Council of Representatives (Parliament) completed the end of last October to vote on electoral districts in the legislative elections law.

According to the new election law, the distribution of electoral districts is as follows: 17 in Baghdad, 8 in Nineveh, 6 in Basra, 5 in Dhi Qar and Sulaymaniyah, 4 in Babylon, Anbar, Arbil and Diyala, and 3 each in Kirkuk, Najaf, Salah al-Din, Dahuk, Diwaniyah, Karbala and Wasit And Maysan, and two seats in Muthanna .

The article on electoral districts was the most prominent controversial paragraph between the political blocs, and it took months to agree on it .

And relies on the new election law to organize early parliamentary elections on the sixth of next June.

The Governor of the Central Bank is conducting a field visit to a number of exchange companies


Economy News _ Baghdad

Today, Tuesday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, conducted a field visit that included a number of brokerage firms selling and buying foreign currencies on both Al-Karkh and Al-Rasafah sides in Baghdad.
The governor had a committee specialized in auditing companies from the banking supervision department at the central bank.
A statement of the bank’s media office received by “Al-Eqtisad News” stated that the governor was informed of the companies ’workflow and their dealings with the beneficiaries of the citizens. He also listened to the notes and suggestions of the owners of the companies and promised to study them by the bank and activate their outputs, in a way that reflects positively on the work of the Iraqi financial and economic sector. 
He added that this visit comes from the bank’s keenness to see first-hand the actual reality of the work of these companies in order to develop the services provided by them.