Al-Kazemi’s Advisor Explains To “Earth News” How To Organize Financial Life In The Absence Of A Budget

07/14/2022 67 

Earth News / Mazhar Muhammad Salih, the financial advisor to the Prime Minister, identified today, Thursday, two laws regulating financial life in Iraq in the absence of the federal budget for 2022.

Saleh said in a statement to Earth News, “The financial life in Iraq in the absence of the federal budget for the year 2022 is regulated by two laws, as follows: For the year 2019, the average, which requires spending at a rate of 1/12 of the actual current expenditures achieved in the general budget for the year 2021.”
He added, “The second of them is Law No. 2 of 2022 (the Emergency Law for Food Security and Development), which allocated more than 25 trillion dinars, to cover the rise in prices globally and locally, which weakened the purchasing power of financial allocations related to national food security, especially support for the ration card, which prices of its components increased globally. To more than 40%, in addition to the import prices of oil derivatives, gas and electricity, and other imported and local government purchases, as well as the rise in subsidizing the prices of grain purchased from farmers from 500 thousand dinars per ton of wheat or wheat to more than 700 thousand dinars per ton mentioned.

And Saleh continued, “All these and other paragraphs have increased in prices and are not covered by the exchange rule 12/1 that in the absence of a general budget for the year 20222 and all of them have become restricted to the monetary value of last year’s expenses, which made them urgently need additional allocations and can be called ((compensatory allocations)). Which was estimated by the Emergency Food Security Law at about 25 trillion dinars, and it constitutes an addition to the expenses brought by the Emergency Food Security Law, which was legislated, and its percentage as compensatory or additive allocations amounting to approximately 22% of the actual current expenditures achieved in the 2021 budget. 
In light of the large financial abundance currently achieved.”

And he added, “The surplus of the monthly budgets, after covering the total expenditures in the two laws, is recorded in a reserve balance for the benefit of the state.” The accumulated surplus balance will be dealt with in two parts: the first becomes an opening balance for the expenses of the next fiscal year 2023, and the remaining balance can be managed in a sovereign wealth fund, as stipulated in Article 19 of the Federal Financial Management Law referred to above, after providing the legal adaptation for managing the surplus financial transactions that stipulated that Surpluses will be by budget law and not by other laws.”

And Saleh continued, “Nevertheless, the surplus financial reserves are managed by the Central Bank of Iraq in accordance with the best international banking practices in terms of governance in the areas of efficiency, safety and transparency.”


Al-Sadr arrives in Baghdad

political| 10:56 – 14/07/2022


Baghdad – Mawazine News

The leader of the Sadrist movement, Muqtada al-Sadr, arrived in Baghdad, accompanied by Hassan al-Adhari.
The source told Mawazine News: “The leader of the movement, Muqtada al-Sadr, arrived hours ago in Baghdad, coming from al-Hanana.”
He added that “Al-Sadr’s arrival gives a signal to his intention to participate in the united prayer he called for, despite the lack of an official announcement regarding the participation. Ended 29 / p.

An Iraqi government delegation arrives in New York

  • Time: 07/14/2022 23:32:26
  • Reading: 195 times
An Iraqi government delegation arrives in New York

  {Local: Al Furat News} The Minister of Planning, Khaled Battal Al-Najm, has arrived at the head of a government delegation to New York, to participate in the work of the high-level political forum of the United Nations, which will last for several days.

The Iraqi delegation included the Director General of the Regional and Local Development Department Muhammad Mohsen Al-Sayed, the Director General of the Regional and Local Development Department Maha Abdul Karim, in addition to Iraq’s permanent representative to the United Nations Muhammad Bahr Al-Uloum.

The first day of the forum witnessed the participation of the Iraqi delegation headed by the Minister of Planning in the first inaugural session which was held in the United Nations General Assembly Hall, with the participation of the heads of delegations of the participating countries.

On the other hand, members of the Iraqi delegation participated in a number of sessions and events that are held on the sidelines of the annual high-level political forum of the United Nations.

It is hoped that Minister of Planning Khaled Batal Al-Najm will deliver Iraq’s speech on the second day of the forum, during which he will review a number of important economic and development issues.

Iraq loses one billion dinars in gold reserves

  • Time: 07/14/2022 17:40:20
  • Reading: 1,365 times
Iraq loses one billion dinars in gold reserves

  {Economic: Al-Furat News} The economist, Duraid Al-Anzi, estimated that Iraq lost at least one billion dinars, as a result of the decline in currencies, including gold.

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Al-Enezi said {to Euphrates News}: “The economic decline occurred for all hard currencies, including gold, and for the first time in 22 years, the prices of the euro became equal to the prices of the dollar.” 
He added, “The mistake made by everyone, including governments, is their direction and storage of gold, and it was supposed to work on storing safe currencies and not building the economy on crises, and by treating them we would be harmed.” 
Al-Enezi continued, “The Central Bank of Iraq ranked fourth in the Arab world and forty globally in gold reserves, and our loss at the least amounted to one billion dinars after this decline.” 
Gold futures fell, today, Thursday, with the price of the US dollar rising globally. 
According to the Comex rating of the New York Mercantile Exchange, gold futures were traded in August at $1,724.65 an ounce at 05:40 GMT.
And the dollar index contracts, which measures the performance of the US currency against a basket of six other major currencies, rose by 0.34% to trade at 108.13 dollars.

From: Raghad Daham

A new postponement of the coordination and Al-Amiri framework meeting may be the first to withdraw from it

political| 07:15 – 14/07/2022


Baghdad – Mawazine News
, the coordination framework decided to postpone its meeting, which was scheduled to be held this evening, until tomorrow, Friday.
A source in the framework said in an interview with “Mawazine News” that “the framework did not agree on the mechanism for selecting the candidate to head the government, so it decided to postpone the meeting until tomorrow.”
He added, “The leaders of the framework differ in opinions, and the head of the Al-Fateh Alliance Hadi al-Amiri may be the first to withdraw from the framework.” Ended 29

Al-Kazemi reveals the agenda of his participation in the Riyadh summit and criticizes attempts to confuse

politicsJoe BidenMustafa Al-KazemiSaudi Summit

 2022-07-14 12:34A-AA+

Shafaq News/ On Thursday, Iraqi Prime Minister Mustafa Al-Kazemi revealed the agenda for his participation in the Riyadh summit, scheduled for next week, while referring to an attempt to “disrupt”, considering it “an attempt to distance Iraq from the prominent role it plays in the region.”

This came during Al-Kazemi’s meeting with a number of journalists and media professionals in his office in Baghdad, according to a statement received by Shafaq News Agency.

During the meeting, Al-Kazemi touched on the invitation he received to participate in the Saudi conference, in the presence of the Gulf Cooperation Council, Iraq, Egypt, Jordan, in addition to the United States of America.

He said, “The conference agenda will discuss cooperation in the fields of economy, energy, and the challenges brought about by the Corona pandemic, the food security crisis, as well as climate changes.”

The Iraqi Prime Minister added, “The other talks about the summit’s goals are an attempt to confuse, and are absolutely untrue, and it is an attempt to distance Iraq from the prominent role it plays in the region, and for this government to carry out its tasks in serving the people, and attracting investments and support for the benefit of Iraq.”

He pointed out that “Iraq’s position on the Palestinian issue is consistent and clear,” adding, “We are not part of any axis or alliance in the region, and Iraq maintains its balanced policy with its neighbors and its surroundings, based on its national and humanitarian principles.”

Al-Kazemi continued: “We are going to the conference in Saudi Arabia, and we focus on the file of water and climate changes, and partnership on the issue of energy and electrical connectivity, as well as economic partnerships, and joint investments, and all of this is good for the Iraqi people, and great support for investment projects in Iraq.”

The Prime Minister concluded his speech by saying, “Iraq first, this is our policy and our motto, and some are trying to point out imaginary fears and prevent us from building our relations with our brothers.”

He noted that “Iraq is in a strategic position that does not allow it but to be effective and integrated with others, and to have good relations with its brothers, neighbors and friends, for the sake of the Iraqis’ interest.”

Does it include the election of the President of the Republic? .. Parliamentary law announces the date for the resumption of the first session of Parliament

  • Time: 07/14/2022 17:26:35
  • Reading: 923 times
Does it include the election of the President of the Republic? .. Parliamentary law announces the date for the resumption of the first session of Parliament

  {Political: Al Furat News} The House of Representatives is scheduled to hold its first session after the end of the legislative recess on July 20. According to the Parliamentary Legal Committee

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Committee member Salem Al-Anbaki told Al-Furat News that: “The first session in the new legislative term has been scheduled for July 20.” 
He pointed out that “the topics that will be included on the agenda have not been determined, but we do not rule out that the session will include the election of the president of the republic.” 
Al-Anbaki pointed out, “The need to resolve the issue of divisions in the Kurdish house over the presidential candidate because of the time factor for the election of the candidate.” 
 On June 9, the House of Representatives entered the recess of the first legislative term after ending the voting session on the Emergency Food Security Support Law and adjourning the session. 
It is noteworthy that the House of Representatives has twice failed to hold a session dedicated to electing the President of the Republic, since the early parliamentary elections were held on October 10.
59 candidates are competing for the position of President of the Republic, most notably the current president, Barham Salih, the candidate for the Patriotic Union of Kurdistan, and the Kurdistan Democratic Party’s candidate, Reber Ahmed.

From: Raghad Daham

Al-Sadr turns off his phone and cuts off communication with the leaders of the coordination framework

political| 06:37 – 14/07/2022


Baghdad – Mawazine News
, according to political sources, that the head of the Sadrist movement, Muqtada al-Sadr, shut down his phone and cut off all kinds of communication with the leaders of the coordination framework.
The sources said in identical conversations to “Mawazine News” that “Al-Sadr cut off all kinds of communication with the leaders of the coordination framework and closed his personal phone from which he was communicating with the political leaders.”
She added, “The head of the Sadrist movement told everyone that he does not want to participate in the government formation talks or even express his opinion on them,” noting that “Al-Sadr’s attendance at the united prayer tomorrow in Sadr City has so far not been resolved.” Ended 29 / h

Al-Kazemi receives the Medal of Honor from the French President

political| 02:55 – 07/14/2022


Baghdad – Mawazine News
, Prime Minister Mustafa Al-Kazemi received today, Thursday, the Medal of Honor, the highest honorary decoration in France.
This honor came when Al-Kazemi received the French Ambassador to Iraq Eric Chevalier, who handed Al-Kazemi the medal on behalf of French President Emmanuel Macron, as this medal is one of the highest levels of honorary honor granted by the French Republic to its partners and friends.
Al-Kazemi expressed his thanks and gratitude to the French president, and for France’s efforts in support of Iraq and the democratic process in it.
The meeting discussed the overall bilateral relations between the two countries, and ways to enhance joint cooperation in various fields, foremost of which is the economic and security cooperation, emphasizing support for the investment horizon, and the participation of French companies in this sector.
During the meeting, the Prime Minister expressed Iraq’s openness to cooperation with brotherly and friendly countries, in a manner that serves sustainable development and the consolidation of stability in Iraq and the region.

Thousands of wheels from the south are heading towards Baghdad at the call of al-Sadr and no orders to declare a state of alert

securityBaghdadbreakingASSADAR citythe Southbusesunited prayer

 2022-07-14 07:11A-AA+

Shafaq News/ An official security source reported on Thursday, that thousands of vehicles from the southern provinces started heading towards the Iraqi capital, Baghdad, to participate in the unified prayer ceremonies called for by the leader of the Sadrist movement, Muqtada al-Sadr.

The source told Shafaq News Agency, that the security forces began to tighten procedures within the vicinity of Sadr City, east of Baghdad, with the deployment of civilian intelligence detachments in anticipation of any emergency.

He also referred to the inspection of buses entering and people, and checking identification identities at the entrances to the capital

The source also stated that there are no orders so far to impose a state of maximum alert (C) among the security forces.

Meanwhile, Defense Minister Jumaa Inad Saadoun held, today, Thursday, at the headquarters of the Baghdad Operations Command, an expanded security meeting, in the presence of the Commander of the Ground Forces, the Commander of Baghdad Operations, and a number of officers and commanders of the Staff Committee.

The Baghdad Operations Command said in a statement, that the minister was briefed during the meeting on the plan to secure the unified prayer that will be held on Friday, July 15, 2022, where he issued a number of directives regarding the need to secure protection for worshipers.

According to the statement, the minister “praised the set plan and affirmed everyone’s commitment to it.”

The leader of the Sadrist movement, Muqtada al-Sadr, had called at the beginning of this month, to hold the unified Friday prayer tomorrow in Sadr City, east of the capital, Baghdad, the date on which the first unified Friday prayer was held in Baghdad, which was started at the time by his father, Muhammad Muhammad Sadiq al-Sadr, who was assassinated by the previous regime with two of his sons.