Deputy: Internal Parties Are Pressuring The Finance And Central Bank To Keep The Exchange Rate Of The Dollar

The Independent / Ali Al-Nasr Allah / .. Member of the Al-Fateh Alliance, MP Hamid Al-Mousawi, revealed that there are internal parties and parties that are pressuring the Ministry of Finance and the Central Bank to keep the dollar exchange rates as they are for personal purposes and unilateral benefits.

In a statement to Al-Mustaqilla, Al-Mousawi expressed his surprise at the financial and central subordination to the pressure of the International Monetary Fund regarding exchange rates.

He said, “Those parties (he did not name them) do not look at the catastrophic effects that will be caused by the collective refusal to keep exchange rates as they are.”

Mustaqila.com

A representative source confirms the inclusion of the budget law in next Tuesday’s session

Baghdad: Al Furat News…  A representative source confirmed, on Saturday evening, that the federal budget for 2021 will be included in the session next Tuesday.

And the source stated (to Euphrates News) that “the 2021 budget bill will be included on the agenda of next Tuesday’s session.”

On Saturday, the House of Representatives announced that the vote on the Federal Court bill would be completed at next Monday’s session.

In a brief statement, the Information Department stated, “Al Furat News” received a copy of it, that “the work schedule for the session on Monday, March 15, 2021 includes the completion of voting on the draft Federal Court bill.”

Alforatnews.com

What are the “technical reasons” that impede the budget?

Yes Iraq: Baghdad… The push and pull still hangs over the fate of the 2021 budget, especially after the agenda of the House of Representatives session today, Monday, was devoid of the draft budget.

While there is talk about the fact that Article 11 related to the share of the Kurdistan region and its financial obligations towards Baghdad is the focus of the dispute that obstructed the agreement on the budget, parliamentary statements come out from outside the Finance Committee and for different political blocs, recording many new objections about the budget that go beyond the issue of the dispute with the Kurdistan region.

The talk began to escalate about the fact that returning the price of the dollar to its previous era, has become a major controversial issue standing in the way of passing the budget as well as job grades and provincial shares and other files.

The Financial Committee is “optimistic”: only technical reasons delay the budget!
However, the Finance Committee is still talking about “resolving matters” and the fact that the dispute is related only to Article 11, promising the existence of “semi-final” to these differences, and that the postponement of the vote on the budget came for “technical reasons”, without clarifying the concerned with these technical reasons, especially with the approaching year Ending its first quarter without balancing.

Where a member of the Parliamentary Finance Committee, Muhammad Ibrahim, said today, Monday, that “the budget was postponed to tomorrow’s session, Tuesday, due to the presence of some technical measures, as well as in order to complete some aspects related to it and then submit it to a vote.”

He added, “There is near-consensus between Baghdad and Erbil to pass the budget, as the postponement of its presentation in Parliament is to give more time about the agreement between the two sides on the contentious articles in the budget.”

He stressed that “Article 11 of the budget is the focus of the dispute between the two governments, especially with regard to the region’s dues since 2004 and the quantities of oil exported across the region, as the issue is still revolving around political dialogues.”

What are the technical reasons?

Returning to previous statements, MP Riyadh Al-Masoudi says, “The problems and disagreements about the draft budget law for the year 2021 are not related only to the share of the Kurdistan Region, but there are technical differences, including the issue of the exchange rate of the dinar against the dollar, as well as the issue of including functional degrees in the law, in addition to the surplus sums. With the rise in oil prices, and others ”.

Al-Masoudi ruled out “the possibility of passing the budget bill without the agreement of all political parties on it, but this agreement has not happened until now.”

From here it appears that the “technical differences” are related to fundamental issues, as according to Al-Masoudi’s statement, the issue of the dollar’s ​​price as well as job grades falls within the technical differences that the Finance Committee talks about.

Yesiraq.com

Parliamentary Finance reveals the latest developments in the budget debate

Economical: Al Furat News… A member of the Parliamentary Finance Committee said that “there is convergence regarding the share of the Kurdistan Region in the draft federal budget law for the current year 2021.”

Sherwan Mirza said in a press statement, “The Kurdish blocs are waiting for the Shiite blocs to present their last opinion regarding the region’s share,” noting that “there is convergence between the two sides in opinions.”

He added, “The government proposal and the proposal of the Shiite blocs are close.”
Mirza ruled out “passing the budget law in the House of Representatives without the Kurds,” noting that “there may be a final agreement regarding the region’s share in the last moments before the vote on the bill in the parliament session scheduled for next Monday.”

The Speaker of Parliament, Muhammad al-Halbousi, had directed in the last session to include the draft federal budget bill for 2021 in the parliament session scheduled for next Monday, based on a request submitted by Representative Yusef al-Kalabi signed by 150 deputies.

Alforatnews.com

Al-Sadr’s Alliance is distancing the Kurdistan Region from delaying the budget and disclosing other differences

Shafaq News / The Saeron Alliance, supported by the leader of the Sadrist movement, Muqtada al-Sadr revealed, on Saturday, that the dispute over the Kurdistan Region’s share in the 2021 budget is not the reason for the delay in voting on it by the House of Representatives.

The deputy of the coalition, Riyadh Al-Masoudi, told Shafaq News, “The problems and disagreements about the draft budget law for the year 2021 are not related only to the share of the Kurdistan Region, but there are technical differences, including the issue of the exchange rate of the dinar against the dollar, as well as the issue of including job degrees in the law, in addition to The surplus amounts due to the rise in oil prices, and others. ”

He added, “Until now, there is no agreement to pass the 2021 budget law during next Monday’s session,” explaining that “the inclusion of the law for a vote on it does not mean passing it or getting approval for that.”

Al-Masoudi ruled out “the possibility of passing the budget bill without the agreement of all political parties on it, but this agreement has not happened until now.”

The Deputy Speaker of Parliament, Bashir Al-Haddad, had ruled out last Thursday the approval of the federal budget for 2021 at the mid-session next week.

Al-Haddad said in a statement to reporters in Erbil that it is “difficult to pass the financial budget in next Monday’s session because the Federal Court law has not been approved yet,” stressing that another special session for the budget should be determined.

Last Monday, Parliament Speaker Muhammad al-Halbousi directed that the budget bill be included on the agenda of next Monday’s session, based on a request submitted by Representative Yusef al-Kalabi, signed by 150 deputies.

Shafaq.com

MP: Al-Kazemi and Allawi are exerting political pressure on the management of the Central Bank

The information / Baghdad … On Thursday, a member of the Parliamentary Economic and Investment Committee, Layal Al-Bayati, held two sides responsible for changing the exchange rate of the dollar, while the Minister of Finance, Ali Allawi, was accused of harassing Iraqi citizens with limited income.

Al-Bayati said in a statement to / the information /, that “Prime Minister Mustafa Al-Kazemi and Minister of Finance Ali Allawi are the ones who bear the consequences of the high exchange rate of the dollar against the Iraqi dinar,” indicating that “the prime minister and the Minister of Finance have exerted political pressure on the current Central Bank management by raising the dollar exchange. “.

She added, “The Ministry of Finance bears full responsibility before the House of Representatives,” stressing that “with the rise in crude oil prices and growing oil revenues, Minister of Finance Ali Allawi is still insisting on raising the price of the dollar and restricting Iraqi citizens, especially those with limited income, with completely rejected justifications.”

Earlier, the Parliamentary Economic and Investment Committee revealed the intervention of the US Embassy in Baghdad to change the exchange rate of the dollar, which sparked a wave of popular discontent and affected the poor classes. End / 25 h

Almaalomah.com

Parliamentary Finance excludes voting on the budget next Monday

Today, the Parliamentary Finance Committee ruled out submitting the federal budget bill for 2021 to a vote during next Monday’s session.

Committee member Naji Al-Saeedi said in a statement to “Tigris”, that “collecting parliamentary signatures to set the date for voting on the budget during next Monday’s session is just an embarrassment for the political blocs inside the parliament,” ruling out “putting forward the draft federal budget law for 2021 to vote during next Monday’s session.” “.

He added that “the dispute over the budget is still present and the political blocs have not reached a specific position on it,” noting that “the regional government delivered Baghdad the initial data that I requested from it regarding the employees and the revenues achieved.”

Dijlah.tv

MP: The negotiations between Baghdad and Erbil on the 2021 budget have not stopped

The information / Baghdad… MP Iqbal Al-Lahibi confirmed, on Friday, that negotiations between Baghdad and Erbil on the terms of the 2021 budget have not stopped.

Al-Lahibi said in an interview with the information, that “the budget is one of the important laws of the country, especially as it charts the financial path and the economy for a year in terms of spending and financing reconstruction projects and the rest of government obligations, stressing that the budget faced many complications, the bulk of which was resolved and only some outstanding issues remained. “.

Al-Lahibi added, “The negotiations between Baghdad and Erbil to settle the terms of the 2021 budget did not stop, confirming that the budget will be presented for discussion and voting during the next Monday session in order to seek to resolve it, pointing out that political consensus will be present to resolve the budget chapters and push them forward in order to resolve the most important laws that will have repercussions in other directions, especially since many of the files “Stopped about the voting file.”

The House of Representatives decided to set the next Monday session as a date for voting on the 2021 budget after a delay of many weeks

The Minister of Finance sacks the Director General of Al-Rafidain Bank

Exclusive – Mawazine News… An official source in the Ministry of Finance stated, on Tuesday, that Finance Minister Ali Abdul Amir Allawi issued a decision to dismiss the General Manager of Al-Rafidain Bank, after contracting with an electronic payment company, without the minister’s approval.

In an interview with Mawazine News, the source said, “The Minister of Finance decided to dismiss the General Manager of Al-Rafidain Bank, Hussein Ali, from his position, and appointed Bilal Sabah, the director of the Industrial Bank, to replace him.”

He pointed out that “the decision came against the background of the dismissed bank’s manager signing a contract with the (Ishtar Gate) company to replace the (Key Card) electronic payment company even though the aforementioned company does not meet the conditions and special laws.” Ended 29 / p4

Mawazin.net

Planning announces submitting recommendations to the Cabinet on changing the currency rate

Baghdad / Al-Mawred News… The Ministry of Planning announced, on Thursday, that it will submit recommendations to the Council of Ministers regarding changing the currency rate on projects.

The ministry stated in a statement, “The committee formed according to Cabinet Resolution No. 63 of 2021, which will study the consequences of changing the currency exchange rate, held its first meeting at the Ministry of Planning,” noting that “the meeting was chaired by the Technical Undersecretary of the Ministry of Planning, Maher Hammad.” And it was attended by the Administrative Agent Azhar Hussein Saleh, the President of the Iraqi Contractors Union, Ali Al-Sanafi, and representatives of the Ministries of Electricity, Finance, Housing, Reconstruction and Municipalities, the Central Bank of Iraq and the National Investment Commission.

The Undersecretary of the Ministry of Planning confirmed that “this committee was formed to study the effects of changing the exchange rate of the dollar against the dinar, and to propose the required solutions, as far as the matter relates to investment projects, indicating that the committee’s work period will be one month, and after that it submits its recommendations to the Council of Ministers for decision. “.

He continued, “The representatives of the parties participating in the meeting presented a presentation of investment projects, methods of contracting with the implementing companies, and mechanisms for payment of the dues of these companies, whether those dues were unpaid debts or unspent advances,” indicating that “the committee will continue its meetings during the coming days, to lay down The required solutions and proposals, to address the effects of changing the exchange rate on investment projects.

Almawrid.news