IRAQI DINAR POLITICS & ECONOMY

Parliamentary planning launches 13 points of clarification to reduce spending in the budget

Parliamentary planning launches 13 points of clarification to reduce spending in the budget

01/09/2021 18:46:17

{Baghdad: Al Furat News} The Chairman of the Committee to Monitor the Implementation of the Governmental Program and Parliamentary Strategic Planning, Hazem Majeed Al-Khalidi, released 13 illustrative points to reduce spending in the federal budget for 2021.
Al-Khalidi said in a statement that Al-Furat News received a copy of, “We renew our demands to reduce the exaggerated estimates of the 2021 budget Read more…

Because it contradicts the White Paper .. Parliamentary Finance: All items of the 2021 budget are subject to change

Because it contradicts the White Paper .. Parliamentary Finance: All items of the 2021 budget are subject to change

01/09/2021 08:03:40

{Baghdad: Al Furat News} The House of Representatives will hold a session today, Saturday, dedicated to completing the first reading of the draft federal budget bill for the current fiscal year 2021.
The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, emphasized that “all the budget articles are subject to change due to their contradiction with the government program and Read more…

Financial Committee: The budget will be delayed for 6 months if it is refused to pass it

Financial Committee: The budget will be delayed for 6 months if it is refused to pass it

01/09/2021 14:36

[Baghdad-Where]
Member of the Finance Committee, Representative Jamal Cougar, confirmed, on Saturday, that political parties stand against the passage of the budget, warning of the consequences of its rejection.
Cougar said, “The budget needs careful study because the deficit is large and its numbers are large, and it came in a difficult economic circumstance, so it must be subjected to a thorough study,” noting that “all the items in the budget Read more…

Economist: The 2021 budget has large exaggerations

Economist: The 2021 budget has large exaggerations

01/09/2021 16:11

[Baghdad-Where]
Economist Basem Jamil Antoine explained, today, Saturday, that it would have been possible to address the economic crises if the government had listened to economic experts and specialists in this regard.
Antoine said in an interview that “the country’s economic situation and previous accumulations are very large between corruption, mismanagement and tampering Read more…

Iraqi Finance announces new developments in the dinar exchange rate

Iraqi Finance announces new developments in the dinar exchange rate

2021-01-08 23:00

Shafaq News / The Ministry of Finance promised on Friday to make an adjustment to the exchange rate of the foreign currency against the Iraqi dinar, after the decision taken by the Central Bank to reduce the value of the local currency and increase the prices of imported goods and goods in the country.

The ministry said in a statement received by Shafaq News that it is fully aware Read more…

Eight ministers await dismissal … Political forces are working to change half of Al-Kazemi’s government

Eight ministers await dismissal … Political forces are working to change half of Al-Kazemi’s government

Posted, 2021-01-08 10:47

Shafaq News / On Thursday, the Al-Binaa Alliance revealed a move to change half of the ministerial cabinet of Prime Minister Mustafa Al-Kazemi’s government, most notably the ministers of finance and electricity.

The deputy of the Al-Fateh bloc affiliated with Al-Binaa Alliance, Fadel Al-Fatlawi, told Shafaq News Agency, that “the political forces have held several intensive meetings and dialogues for some time and discussed the supervisory evaluation Read more…

New financial statement on the adjustment of the dollar exchange rate

New financial statement on the adjustment of the dollar exchange rate

1/8/2021 13:02

[Baghdad-Where] On
Friday, the Ministry of Finance issued a new statement regarding the measures supporting the increase in the positive effects of adjusting the exchange rate of the dollar against the Iraqi dinar.
The ministry said in a statement. She is “fully aware that there are a number of supportive measures that need to be taken to increase the positive effects Read more…

Parliamentary Finance reveals the most prominent axes that it intends to study in the budget

Parliamentary Finance reveals the most prominent axes that it intends to study in the budget

1/8/2021: 17:09

[Baghdad-Where]
The Parliamentary Finance Committee revealed, on Friday, the axes that it intends to study in the general budget.
A member of the committee, Deputy Adnan Al-Zorfi, said, according to the official agency, that “the financial committee has nothing to do with drawing the features of the budget, but rather the government is the one that draws the features and trends of the budget as an executive policy Read more…

The Judicial Council responds to criticism of Trump’s arrest warrant

The Judicial Council responds to criticism of Trump’s arrest warrant

01/07/2021 17:04:20

(Baghdad: Al Furat News) The Supreme Judicial Council responded, on Thursday, to the criticisms leveled after the announcement of the issuance of an arrest warrant for US President Donald Trump.
The Judicial Media stated in a brief statement, a copy of which Al Furat News received, that “The judge supervising the media center of the Supreme Judicial Council, Haider Ali Nuri, responded Read more…

{Al Furat News} reveals the results of the judicial investigation into the currency auction

{Al Furat News} reveals the results of the judicial investigation into the currency auction

01/07/2021 12:38:28

{Baghdad: Al Furat News} A judge responsible for the investigation of the currency auction file uncovered major legal violations and smuggling of foreign currency abroad, pointing out that the investigation had reached advanced stages.
In addition, the Supreme Judicial Council directed, through a circular issued by all investigation courts, to take legal measures against everyone who caused damage to the national economy, whether from foreign currency dealers or monopolistic Read more…

The budget is on the Parliament table next Saturday

The budget is on the Parliament table next Saturday

2021-01-07

On Thursday, the representative of the Parliamentary Education Committee, Tohme Al-Lahibi, suggested that the House of Representatives would hold a parliamentary session next Saturday to discuss the 2021 budget bill, after it extended its legislative term.

Al-Lahibi told Al-Sabah newspaper that “Parliament has extended its legislative term for a month in order to pass the budget law, which will be present Read more…

Deputy: The 2021 budget will not be passed because it did not do justice to the central and southern governorates

Deputy: The 2021 budget will not be passed because it did not do justice to the central and southern governorates

1/7/2021 11:30

[Baghdad_Where]
Representative of the State of Law coalition, Mansour Al-Baiji, confirmed, on Thursday, that the current year’s budget did not do justice to the central and southern governorates, and it will not be passed within the House of Representatives without making amendments to it.
Al-Baiji said, in a statement. “The 2021 budget contains many paragraphs that need Read more…

Representative Energy: Electricity rejected all proposals to improve production

Representative Energy: Electricity rejected all proposals to improve production

06/01/2021 18:39

[Baghdad-Where]
Member of the Parliamentary Oil and Energy Committee, Mahmoud Al-Zagrawi, on Wednesday accused the Ministry of Electricity of rejecting all proposals aimed at improving energy in Iraq.

Al-Zagrawi said that we submitted two proposals to the Ministry of Electricity, the first related to establishing Read more…

Parliamentary Finance officially receives the budget and announces the date of the parliament session

Parliamentary Finance officially receives the budget and announces the date of the parliament session

01/06/2021 15:06:36

{Baghdad: Al Furat News} The Parliamentary Finance Committee announced today, Wednesday, that it has formally received the draft federal budget bill for 2021.
Committee member Jamal Cougar said in a press statement, “The committee has officially received a copy of the draft federal budget law for the current year 2021, from the Presidency of the House of Representatives.”
He added that “the House of Representatives will hold a session Read more…

Representative Bloc: We reject attempts to postpone early elections, under any pretext

Representative Bloc: We reject attempts to postpone early elections, under any pretext

06/01/2021 12:42

[Baghdad-Where]
The Saeron Alliance announced, on Wednesday, its rejection of any attempt to postpone the early elections that are scheduled to take place on the 6th of next June, under the pretext of incompatibility on the Federal Court law.
The deputy of the coalition, Salam Al-Shammari, said in a statement. “We are going with the full legalization Read more…

Parliamentary Finance announces the date of the first reading of the Budget Law in Parliament

Parliamentary Finance announces the date of the first reading of the Budget Law in Parliament

01/05/2021 16:32:14

{Baghdad: Al Furat News} The Parliamentary Finance Committee announced, on Tuesday, the date of the first reading of the General Budget Law in the House of Representatives.
A member of the Parliamentary Finance Committee, Ahmad Al-Hajj, told {Al-Furat News} that “it is hoped that the House of Representatives will present the general budget for 2021 to the first reading next Read more…

A parliamentary warning … Al-Kazemi wants to pay off 40 billion dollars of the region’s debts through the budget

A parliamentary warning … Al-Kazemi wants to pay off 40 billion dollars of the region’s debts through the budget

Tuesday 5 January 2021 | 05:49 pm

The Parliamentary Finance Committee revealed, on Tuesday, that Al-Kazemi seeks to include in the 2021 budget the debts of the Kurdistan region to foreign companies and the loans that he took illegally, amounting to 40 billion dollars at the expense of other portfolios .

A member of the Finance Committee, Read more…

An economist warns of devaluation: There is a big problem

An economist warns of devaluation: There is a big problem

2021-01-05

Economic expert Ali Al-Masoudi expected, on Tuesday, that the decision to devalue the currency would cause a loss of 24 percent of the cash, describing this as a big problem.

Al-Masoudi said in a statement that “the group most affected by the decision to devalue the currency is the families who live below the poverty line as well as middle-income, as prices rose by 27-37 percent, according to the International Read more…

Washington extends Iraq’s exemption to import energy from Tehran for three months

Washington extends Iraq’s exemption to import energy from Tehran for three months

2021-01-05

An Iraqi official told AFP on Monday that the United States has extended for an additional three months the exemption granted to Iraq from the energy sanctions imposed on Iran, which will allow Baghdad to continue importing gas and electricity from the Islamic Republic.

Although Iraq is an oil country, it relies heavily on Iran in the field of energy, as it imports a third of its consumption needs of gas and electricity due to Read more…

Accusing the government of lying .. Deputy ruled out holding early elections on time

Accusing the government of lying .. Deputy ruled out holding early elections on time

01/5/2021 14:25

[Baghdad-Where]

The deputy from Basra Governorate, Faleh Khazali, ruled on Tuesday that early elections will be held on June 6.
Khazali said, in his tweet on the Twitter platform, that “the early elections, which are hoped to take place on June 6, 2021, will not materialize,” accusing the government of lying.
Khazali added that all the promises from the government, its president, and most Read more…