Global economic data: Iraq will record the second highest growth rate in 2022

Shafaq News / Forecasts prepared in April 2022 showed that the global economy is expected to grow by 3.6% this year, and this comes in light of the pressures it is facing.

The RT station, quoting Statista, published data from FMI and the World Economic Outlook, which indicated that ten economies in the world are expected to grow at the highest pace in 2022, and the list included 3 Arab countries.

According to a graph by “Statista”, a German company specializing in market and consumer data, the Iraqi economy will grow at a rate of 9.5% this year and will rank second in the list after Guyana, which will lead the world’s economies in growth, as its economy is expected to grow by 47.2%.

In third place comes Kuwait (8.2%), then India (8.2%), followed by Saudi Arabia (7.6%), then Panama (7.5%), Niger (6.9%), then the Philippines (6.5%), Falcongo (6.4%), And then Bangladesh (6.4%).

shafaq.com

Legal expert: Parliament can pass the 2022 budget despite the presence of a caretaker government

Legal expert Ali Al-Tamimi confirmed that Parliament can pass the 2022 budget despite the presence of the caretaker government in power, pointing out that the Financial Management Law allows Parliament to do so.

Al-Tamimi said in a press interview, “Parliament has the authority to authorize the caretaker government to send the general budget law because it is related to food security, which is one of the first priorities of the caretaker government.”

He added that “the mandate to send the budget requires a vote of the absolute majority of the number of members in Parliament, and that this right is limited only to the budget law exclusively.”

And he indicated that “the mandate should include the approval of the final accounts of the previous year’s budget in accordance with the Financial Management and Public Debt Law No. 6 of 2019, as all of this comes in accordance with Articles 62, 5 and 61 of the Constitution and 12 and 13 of the Financial Management and Public Debt Law No. 6 of 2019 and articles From 128 to 138 of the Parliament’s Bylaws and Procedures.

burathanews.com

Financial Adviser to the Prime Minister: Financial abundance is a historic opportunity for Iraq

Baghdad / Obelisk: The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed on Monday, May 9, 2022, that the financial policy in Iraq is between a “hammer and an anvil,” noting that the financial abundance is a historic opportunity for Iraq, and spending it is not easy.

Saleh said in a statement followed by the obelisk, that “the financial surpluses that are obtained recently came from the rise in oil prices in the world and are linked to the war in Russia, and it is not possible to know how long this war will last, but there are expectations that it will remain until 2024, and thus Iraq will achieve a great financial abundance.” .

He added, “The financial policy in Iraq is between a rock and a hard place. The hammer is the existence of a large area of ​​poverty, amounting to 30% of the Iraqi population, and therefore the irregularity of the ration card pushes the poor to obtain basic commodities such as oils, rice and sugar outside the ration card.”

Saleh pointed out that “80% of the income of the poor goes to food, while the amount of what the rich and the middle class spend on food does not exceed 30% because their income is large,” noting that “the absence of a ration card would increase the area of ​​poverty in Iraq.”

He continued, “As for the anvil, it is to go to investment projects, as there are major projects in Iraq that are suspended, and their operation will add an added value to the national economy and employ thousands of workers, such as fertilizer and petrochemical projects, important factories in the oil industry and many other areas of production.”

He stressed, “The necessity of balancing the hammer of social spending and the anvil of investment spending, and this is not easy, and it must be studied intelligently and with high wisdom, and people must take their rights to a decent living, which is an important issue and at the same time ensures the sustainability of development also in the future because it is a historic opportunity for Iraq.”

Saleh pointed out that “it is expected that there will be an abundance of money available by the end of this year, amounting to 26 billion dollars and perhaps more.”

He stressed that “these resources must be employed very carefully to employ the unemployed and to create income-generating projects that employ manpower.”

Almasalah.com

Seizure of a printing press and a device for counterfeiting the dollar and the Iraqi currency in central Baghdad

Shafaq News / A security source said, on Friday, that a printing press and a device for counterfeiting the Iraqi dollar and the Iraqi currency had been seized in the center of the capital, Baghdad.

The source told Shafaq News Agency, “A joint security force from the Baghdad police and the Federal Police, and through accurate intelligence information, managed to seize a printing press and a device for counterfeiting the Iraqi dollar and the Iraqi currency within the Karrada area in the center of the capital, Baghdad.”

Shafaq.com

Negotiations with Kurds regarding oil and gas law and possibility of dealing with the issue criminally

(News) – Representative “Ali Shaddad” revealed that the negotiations between the Ministry of Oil and representatives of the Kurdistan Regional Government, which were launched last month, had stalled to persuade the regional government to implement the Federal Court’s decision to cancel the oil and gas law in the region, which may push the central government to proceed with the application of the law literally and deal With Kurdistan in accordance with Iraqi regulations and laws.

” Shaddad said that the Federal Court Decision No. (110) in (2019) issued on 1522022 invalidated the oil and gas law in the region based on a lawsuit filed by us before the Iraqi judiciary in order to achieve the principle of balance and equality between All Iraqi cities and limiting the oil file to the federal government represented by the Ministry of Oil.

“Shaddad” pointed out that the regional government insisted on violating the constitution and Iraqi laws, through the continuation of the oil and gas law and the resumption of oil export operations in illegal ways and in isolation from the federal government.

“Shaddad” explained that Kurdistan’s lack of commitment to the decision of the Federal Court and the failure of talks with the Ministry Oil allows the Iraqi government to deal with the issue criminally by filing lawsuits against officials in the region for not implementing the rulings of the Iraqi judiciary, which is a crime according to the Iraqi Penal Code, in addition to the possibility of dealing with it internationally through understandings and agreements with Turkey to prevent the export of oil through its territory. .

Akhbaar.org

A solution to the political blockage looms on the horizon.. What are the agreements?

Special – Mawazine News, the representative of the State of Law coalition, a fearsome rebel, confirmed that a political rapprochement will occur after the blessed Eid al-Fitr holiday to resolve the political blockage in Iraq.

In an interview with Mawazine News, he said, “The expected rapprochement will lead to finding a consensual candidate for positions that constitute crises, and that this rapprochement came as a result of political mediation.”

He continued, “There has been pressure recently on the political blocs and parties, as well as these pressures may be the stimulus that accelerates the formation of the government and the resolution of the crisis.”

Mawazin.net

Al-Rasheed Bank launches an advance of 10 million dinars for employees, contracts and security forces

Shafaq News / “Al-Rasheed Bank” announced, on Sunday, the launch of a new meal for the advances of employees of state and contract departments and employees of the Ministries of Defense and Interior, at a time when “Al-Rafidain” denied stopping advances and loans, stressing the continuation of grants.

The bank said in a statement received by Shafaq News Agency that a new meal was launched for the advances of state and contract employees, defense and interior employees, amounting to 10 million dinars, and contracts employees 5 million dinars, calling on “all beneficiaries who will receive text messages with the amount of the advance to review the bank’s branches or electronic payment outlets to receive it.” “.

The media office confirmed that “the application for advances electronically is for holders of the (Nakheel) card, and there is no intermediary between the bank and the customer.”

For its part, the government “Al-Rafidain” Bank denied the news that talked about stopping advances and loans in its branches.

The media office of the bank confirmed, in a statement, received by Shafak News Agency, the continuation of granting advances and loans to employees, employees of the Ministry of Interior and Defense and retirees, noting that the application for advances and loans is exclusively through the bank’s branches located in Baghdad and the provinces.

Shafaq.com

Allawi calls for a (revolution) in Iraq!

Baghdad – Iraq today: Iraqi Finance Minister Ali Allawi said that the Iraqi economy needs a real revolution in changing its structure from rentierism to diversifying sources.

Allawi said, while heading the Iraqi delegation participating in the spring meetings of the International Monetary Fund and the World Bank in Washington, that saving the Iraqi economy and correcting the course of fiscal and monetary policy requires a real revolution to change its structure.

He added that the Iraqi economy needs to be transferred from a rentier economy that depends on oil as a main source of revenue to a diversified economy, especially after indicators showed that it is not possible to rely on oil to build and develop the country.

He explained that the Iraqis suffer from previous and inherited institutional laws and procedures that must be addressed if we are to invest the country’s resources and its strategic location in a proper manner and adapt the economy to the post-oil era.

Iraqtoday.com

Finance Minister: Our situation is very good and we will present a new law to Parliament that supports these segments

{Economic: Al Furat News} Finance Minister Ali Allawi described, today, Sunday, the country’s financial situation as “very good.”

Allawi said in a press statement, “The meetings with the International Monetary Fund, the World Bank and other major institutions in the American capital, Washington, were good,” noting: “We reached several agreements, the most important of which is support for the reform process, especially the white paper.”

He added, “There are close meetings in Baghdad, which will be after the blessed Eid Al-Fitr, so that the support will be technical and there will be advisors, in order to strengthen the capabilities of the Iraqi government, in order to advance and move forward with the reform project.”

He pointed out that “Iraq is in the process of implementing agreements with the World Bank, especially to support the technical side. We have reached very good results, and will contribute to strengthening the cadres working in the state,” noting that “the ministry is in the process of submitting a law to the House of Representatives for the purpose of employing the unexpected gain resulting from The rise in oil prices, in the areas of strengthening support for groups affected by the prices of raw materials.

He continued, “The law is before the House of Representatives and will be enacted, and it will give strong support to the groups affected by the rise in prices of basic materials and foodstuffs in particular, and to strengthen the pillars of the Ministry of Finance and to strengthen the possibilities of employing public employment projects,” explaining, that “there is an integrated plan to use the surplus of the price hike, in cooperation with Parliament”.

He pointed out that “this support is outside the concept of reform for the public sector, and we want to reduce government support, especially for sectors that can thrive without government support, but this will be for one time,” explaining that “the government acknowledges that some groups have been affected by the rise in the prices of raw materials, so it will be One-time and non-recurring support.

He stated, “We have a strategic agreement with the United States, especially in the economic aspect, and we want to do it now,” stressing that “there are preparations for cooperation at all levels.”

Allawi stressed the need to “submit projects to obtain support, or a kind of American aid, especially in the technical and technical aspects,” stressing that “the financial situation is very good, and we do not need support from any foreign parties, except for certain projects.”

Alforatnews.iq