The future of the federal budget after challenging the government with some paragraphs

The federal budget is one of the important tools of any government in most countries, and it is considered one of the manifestations of sovereignty and it is the national, moral and professional duty to ensure that it is prepared and implemented with the quality that expresses the will and seriousness in achieving goals and objectives, and some believed that the demise of totalitarian rule would open the way fully for producing budgets that compensate the people for the deprivation they suffered In it, the resources and wealth of the people are used correctly, and this was not witnessed by the country for the years that followed 2005.

The federal budgets witnessed the same errors, whether related to delay in preparation or containing a deficit that turns into a surplus later on and the adoption of reproduction of its components or in the weakness of the actual goals that it achieves or in the disappearance of a number Years and descriptions in this regard are long, and some expected that the 2023 budget would differ from its predecessors in order to be in line with the government program, which contained many promises to make it the beginning of hope that it would be away from delay every year, being the basis that will be approved for three years (2023, 2024, 2024).

However, its beginnings I mentioned many notes, which gave the impression that it will not be at the level that fulfills the wishes, and the features of that began to appear in the stages of its preparation, which I mentioned several attempts to politicize, and despite the attempts of the government and the Finance Committee to preserve the unity of the budget and make it compatible with the needs and the government program, only Some things got out of control when voting on its paragraphs, which lasted for hours, most of which were in the evening and extended until dawn for several days, and although the discussion and voting sessions were not reported by the media as it is supposed to, the audience got acquainted with many details through leaks in the media and the means Social communication, and before and during the House of Representatives’ vote on its paragraphs, which witnessed (bazaar) in addition, deletion, and amendment. The possibility of adding to the total (explosive) expenditures, which amounted to 199 trillion dinars.

And based on the powers stipulated in the constitution and in view of the publication of the Federal Budget Law in the Iraqi Gazette, Issue 4726 on June 26, 2023, the Presidency of the Council of Ministers submitted an appeal to the Federal Court within the period specified for the appeal, in which it indicated that the House of Representatives had included, amended and added articles and paragraphs in the draft budget law that it submitted The government, which constitutes a constitutional violation in both formal and substantive terms, as well as a violation of what the constitutional judiciary has settled in Iraq. The appeal included ten issues mentioned in 12 paragraphs of the law, and the presidency demanded that a royal order be issued to stop the implementation of what was included in those articles until the lawsuit is resolved and the ruling is unconstitutional and the invalidation of these articles.

The Federal Court announced that it had received the appeal and accepted it and referred it to the Presidency of the Council of Representatives to answer it within the legal period, and the matters that were appealed object to (granting the governors the power to sell land to the citizen after developing it, the formula approved in managing the affairs of those who hold the rank of general manager) formation is not managed by making it the prerogative of the Council of Ministers without the need to submit a personal request. The powers granted to the compensation sub-committees whose value does not exceed 50 million dinars, to collect deductions from employees and retirees at a rate of one per thousand dinars for the benefit of the Martyrs Fund of the Ministry of the Interior, granting the exception to the Council Representatives in appointing 150 individuals from the paragraph that required stopping appointments, excluding the Supreme Judicial Council and the Federal Government Court from the paragraph stopping appointments, granting university councils the power to contract with the private sector for a partnership contract in the field of building hospitals and investment laboratories, amending the allocated paragraph by adding additional allocations for work arms, obliging the government By ending the management of state institutions by proxy no later than the end of next November, allocating a percentage of the amounts collected by the enforcement departments for debts and distributing incentives to workers, amending the date approved by Cabinet Resolution 315).

It is expected that the Federal Court will issue the state order to stop the implementation of these articles based on the detailed justifications provided by the Presidency of the Council of Ministers, and that the issuance of the order will stop the work of all that has been challenged until the issue is resolved after the House of Representatives presents its defenses in this regard, and from a logical and legal point of view, subjecting these Paragraphs to appeal The implementation of the paragraphs and other articles contained in the Federal Budget Law 2023 should not be hindered, unless appeals are received later.

The important question is, is it possible for other parties to submit an appeal to articles and paragraphs of the law? And the answer is that it is possible according to the constitution. It is the right of the parties (and not the individuals) who are affected or who find a violation of the constitution to appeal to the Federal Court with all the provisions of the federal budget within the period allotted for appeal of 30 days from the date of publication in the Official Gazette, and according to what is being circulated, there are intentions of the administration Kurdistan Region to challenge some of the articles and paragraphs that you see as abuses In response to the paragraphs that were overturned in the 2023 budget!! .

Almaalomah.me

Correcting the course of Parliament depends on removing Al-Halbousi from the presidency

Information / Baghdad… Independent MP Bassem Khashan confirmed, on Tuesday, that Muhammad al-Halbousi continues to control the House of Representatives and take strange decisions within the House, pointing out that correcting the course of Parliament requires his removal from office.

Khashan told Al-Maalouma, “The Speaker of Parliament, Muhammad al-Halbousi, controls the parliament in a strange manner and continues to violate the constitution, especially since he passed laws before a quorum was achieved under the dome of the parliament.”

He added, “There are lawsuits that have been filed against al-Halbousi before the competent courts after he violated the law and the constitution in some laws that were put forward for voting within the parliament, one of which is the election law, in addition to the fraud he practiced with the aim of dismissing one of the representatives.”

And he indicated that “the coming days may witness the dismissal of Al-Halbousi from the House of Representatives, especially since this character committed many violations.”

He pointed out that “it has become imperative for the political blocs to protect the House of Representatives from such a figure, as correcting the course is by moving towards impeachment.”

Almaalomah.me

Iraq and the World Bank are discussing strengthening bilateral relations

Foreign Minister Fuad Hussein discussed, on Tuesday, with the President of the European Bank for Reconstruction and Development, Odile Reno-Basso, ways to strengthen bilateral relations between Iraq and the bank.

The Ministry of Foreign Affairs said in a statement that the meeting discussed ways to strengthen bilateral relations between Iraq and the bank, in a manner that guarantees the possibility of strengthening the private sector in Iraq and digitizing the banking system.

The minister stressed the importance of partnership with the European Bank to support the Iraqi government’s plan to diversify the sources of the national economy, noting that the Iraqi government’s priorities are investment in the fields of energy and digital transformation in the financial infrastructure.
For her part, Mrs. Odell confirmed the bank’s desire to work in Iraq and contribute to supporting the private sector and renewable energy.

The meeting was attended by the Ambassador of the Republic of Iraq in London, Muhammad Jaafar Al-Sadr, Ambassador Haider Al-Athari, Head of the Europe Department, Ghufran Kazem, Director General of the Public Debt Department at the Ministry of Finance, and on behalf of the European Bank, Kazuhiko Koguchi, Secretary General of the European Bank for Reconstruction and Development, and Heikki Hargart, Executive Director of the Bank.

Dijlah.tv

Find out the reasons for the dismissal of the Director of the Bureau of Financial Supervision

Information / Special… Today an informed source revealed the reasons for the dismissal of the Director of the Federal Financial Supervision Bureau by Prime Minister Muhammad Shabaa Al-Sudani, while confirming that one of them is the latter’s involvement in the “theft of the century” file.

The source, who preferred not to be named, said in an interview with Al-Maaloumah Agency, “The preliminary investigations indicate the main role of the Director of Financial Control in developing the theft of the century that took place in the previous Al-Kazemi government,” noting that “the director worked to satisfy all parties (personal Moderate), during the last period in order to continue in the position.

And he continued, “One of the reasons that delayed the dismissal is the political pressures and campaigns of extortion of the government before the dismissal decision was taken,” noting that “the financial control was involved in many corruption deals that took place during the previous government.”

And the source concluded, “One of the most prominent reasons that led to the dismissal of the Director of the Bureau of Financial Supervision is his involvement in the file of theft of the century, by facilitating many matters for the former head of the Finance Committee, Haitham Al-Jubouri, and the former Al-Kazemi office and his advisors.”

Prime Minister Muhammad Shia’ al-Sudani had agreed earlier in the day to dismiss the Director of the Federal Office of Financial Supervision, Rafel Yassin Khudair, and to appoint a replacement for him.

And a member of the Parliamentary Integrity Committee, Ali Al-Jamali, confirmed in an interview with Al-Maalouma agency, that “many of those involved in stealing the century from the Federal Office of Financial Supervision and Public Integrity in the Al-Kazemi government have been exposed.”

Almaalomah.me

BGG ~ Not long ago I made a fairly long post describing what I have come to understand over the last year or so…

To review: I explained how the biggest impacts on the value of the Iraqi Dinar would likely be…

1) Them using their own currency (exclusively), they are nearing this point now…

2) Them entering some “Brics type” alliance, as opposed to being so attached to the US (note this recent alliance with Qatar – more to follow?).

Take note of Iraq recently not buying US Treasuries. If we (Janet Yellen) won’t even buy our own treasuries, why should they?? We’re such a bad investment, we won’t even buy us.

Finally, note this recent article I put up:

“Parliamentary Finance explains the impact of approving the budget on the exchange rate during the coming period”.

While I highly doubt there is any direct change of the rate contained in the budget – the currency pressures created by the new methods in this budget may well force the currency higher over time.

So aside from all the recent nonsensical hype, the actual news for the future of Iraq is pretty decent.

Hang in there.

Read More: https://www.dinarupdates.com/blog

BGG ~ The point I was trying to convey, is to quit listening to all the “budget hype” and “group chant”… RV, RV, RV, RV.

This may well happen, but at this point, not for any reason that has been previously discussed. Not one.

This post wasn’t about false hope… it was about KNOCK OFF THE BULL$4!T.

The Victory Coalition reveals the reasons for the government’s appeal to the budget law

Information / Baghdad… The leader of the Victory Coalition, Aqil al-Rudaini, revealed, on Tuesday, the reasons for the government’s appeal against 12 articles in the 2023 budget.

Al-Rudaini said in an interview with Al-Maalouma, that “through the documents, there are 12 articles in the 2023 budget that were challenged by the government, and they are articles that have a financial side, and according to the State Administration Law, they have the right to appeal because their curriculum needs funding according to a specific principle, and increasing them may prevent it from Fulfilling them, and this is what prompts them to appeal.”

He added, “The articles that were challenged are specified in the 2023 budget and the final decision of the competent court, stressing that the law is clear with regard to increasing the funds allocated in any paragraphs within the budget, and that this does not lead to an increase in it, and therefore the government has the right to appeal.”

Yesterday, government documents revealed the official appeal of 12 articles in the 2023 Budget Law.

Almaalomah.me

“The money has run out.” A government bank stops electronic advances

Shafaq News / The government-run Rafidain Bank announced, on Tuesday, the suspension of electronic advances until further notice, attributing the reason to the depletion of financial allocations.

In a statement received by Shafaq News agency, the bank’s media office said, “It has temporarily stopped promoting electronic advance transactions submitted through the (Ki) application, until further notice.”

The bank added, in its statement, that this suspension “came as a result of the specified financial allocation for advances for employees, retirees, and military personnel,” noting that “it will announce the date for re-submission after completing the grants for all applicants and currently registered, while the bank continues to collect monthly installments from beneficiaries via electronic deduction.”

Shafaq.com

In the presence of Al-Sudani.. the Coordinating Committee meets to dismiss “failed” officials

Shafaq News / In the coming days, the Shiite coordination framework will hold a meeting in the presence of Prime Minister Muhammad al-Sudani to discuss several files, including the dismissal of officials who failed to manage their positions and “did not bear responsibility”.

This was reported by an official source in the framework to Shafaq News agency, adding that the meeting will discuss a number of important files, including the appeal submitted by the government against some articles and paragraphs of the budget law.

And between the meeting of the framework with Al-Sudani, he will discuss the file of changing ministerial positions, those with the rank of minister or undersecretary, and governors who are incompetent and unable to assume responsibility, and have failed to manage the tasks assigned to them during the last period.

Shafaq.com

Owners of banking companies are calling for an amendment to the Central Bank of Iraq’s policy in the currency auction

Shafaq News / Dozens of owners of banking companies demonstrated in Baghdad, on Monday, to protest against the Central Bank of Iraq’s policy of selling dollars in the daily auction.

Shafaq News Agency reporter stated that the owners of exchange companies gathered in front of the Central Bank building in the center of the capital, Baghdad, demanding the stability of the dollar exchange rate, and not limiting its sale to travelers, as this contributes to the smuggling of hard currency outside Iraq.

The demonstrators also called for the implementation of Law No. 56 of 2004, which gives the Central Bank exclusive power to supervise and inspect its financial institutions.

Shafaq.com

Deputy: Al-Sudani is determined to make a ministerial change

Today, Friday, a member of the House of Representatives, Haider al-Jubouri, confirmed the intention of Prime Minister Muhammad Shia al-Sudani to carry out a cabinet change in his government.

Al-Jubouri said in a statement to “Al-Mutala” agency, “Prime Minister Muhammad Al-Sudani had previously announced his intention to make ministerial changes in his government, including the negligent ministers, and his willingness to go to parliament on the issue.”

He added, “Any new position was not issued by Al-Sudani, and therefore it will continue to change, especially after the approval of the financial budget.”

Al-Jubouri, who is a member of the Parliamentary Services Committee, said, “Al-Sudani seeks the success of his government and the realization of the slogan raised by (a government of services). This has been proven through the budget’s inclusion of a large number of service projects in all governorates.”

Almutalee.com