Saturday Morning Iraq Economy News Highlights 1-21-23
Al-Sudanese Promises An Unprecedented Budget And Confirms: We Have Taken Bold Decisions To Support The Dinar
Baghdad today – Baghdad Today, Saturday, Prime Minister Muhammad Shia al-Sudani promised an unprecedented financial budget, while confirming that bold measures were taken to support and stabilize the dinar.
Al-Sudani said in a speech on the occasion of the official memorial ceremony held in Baghdad to commemorate the Iraqi Martyr’s Day, which was attended by (Baghdad Today): “Today we remember martyrdom, but with the taste of victory that was achieved over Terrorism, and we remember the pure blood, but with the taste of security and stability that those sacrifices bestowed.
The Prime Minister added, “Today we are nearing the completion of the draft budget law, which is different from previous years, and it is the first time that the budget law revolves around the government program.”
Al-Sudani stressed, “The government continues to support the Central Bank of Iraq to restore the exchange rate of the dollar to the official rate, and this is part of an overall economy that needs a courageous response and effective solutions to end the wrong financial policies that the current government inherited.”
He continued, “We have taken a series of bold decisions to support and stabilize the Iraqi dinar,” warning “those who try to exploit the crisis and play on people’s needs,” adding, “We took into consideration, in all our steps, and in the budget goals, that we should alleviate endemic poverty in some Iraqi environments and sectors.”
Al-Sudani explained, “The exchange rate did not rise as a result of a government decision, but rather because there were those who took advantage of the temporary conditions and turmoil in the markets that are not yet familiar with dealing with the new banking mechanisms.” , which will preserve the funds, which is an important step on the road to economic reform.”
He stressed, “The priority of combating corruption, and the government continues to assign it to the judiciary and the competent authorities to pursue those he wanted and to work to recover the looted funds.”
He noted that “at the forefront of these tasks was the major social research process, and strengthening the lower-income segments with food baskets and ration cards,” noting that “the duty of the state is planning and development, addressing imbalances, creating economic opportunities, preparing the ground for the work of the public and private sectors, and absorbing the youth segment.” and rehabilitate them.”
Regarding foreign relations, the Prime Minister affirmed, “We have attached special importance to foreign relations, and we continue to communicate and exchange visits with brothers and friends, and mutual interest is always present in all our dialogues.”
Al-Sudani said, “I stress on all active forces the need to stay away from disagreements and tensions that are no longer an appropriate means to correct the course of the political situation in Iraq,” adding, “We will not be against opposition opinions whose goal is to correct the imbalances in the body of the state.The opposition voice that bears national responsibility is no less than The importance of the supporting voice.
He concluded his speech by saying, “We will continue to work, as long as there are brave and serious leaders in it, and as long as our rational authority takes care of its path with its wisdom, and as long as our security forces, of all kinds, are capable and empowered, and mobilize their efforts from the sacrifices of the martyrs.” LINK
Al-Sudani: The Budget Law Is Different From Previous Years, And We Continue To Support The Dollar To Return It To Its Official Price
2023-01-21 02:09 Shafaq News/ The Prime Minister, Muhammad Shia’ al-Sudani announced, on Saturday, that his government is about to finish preparing the draft budget law for the year 2023. At the same time, he affirmed the continued support of the Central Bank of Iraq to restore the exchange rate of the dollar against the dinar to its official rate.
Al-Sudani’s speech was during a speech he delivered during a memorial ceremony held in Baghdad on the 20th anniversary of the assassination of the head of the Supreme Council for the Islamic Revolution in Iraq, Ayatollah Muhammad Baqir al-Hakim.
Al-Sudani said in his speech, “Today we are nearing the completion of the draft budget law, which is different from previous years, and it is the first time that the budget law revolves around the government program.”
He added that, the government continues its support for the Central Bank of Iraq to return the exchange rate of the dollar to the official rate, and this is part of an overall economy that needs a courageous response and effective solutions to end the wrong financial policies that the current government inherited.
Al-Sudani added, “We have taken a number of bold decisions to support and stabilize the Iraqi dinar, and we warn those who try to exploit the crisis and play on people’s needs.”
He went on to say that the exchange rate did not rise as a result of a government decision, but rather because there were those who took advantage of the temporary conditions and the turmoil in the markets that were not yet accustomed to dealing with the new banking mechanisms, which would preserve the funds, which is an important step on the road to economic reform.
The Prime Minister emphasized the priority of combating corruption, and our government continues to assign it to the judiciary and the competent authorities to pursue those wanted and to work to recover the looted funds.
He said, “We have taken into account, in all our steps, and in the goals of the budget, to alleviate endemic poverty in some Iraqi environments and sectors.”
Al-Sudani noted that “at the forefront of these tasks was the major social research process, and the promotion of the lowest-income segments with food baskets and the ration card.”
He stressed that the state’s duty is planning and development, addressing imbalances, creating economic opportunities, preparing the ground for the work of the public and private sectors, and absorbing and rehabilitating the youth segment.
The Iraqi Prime Minister indicated that foreign relations are given special importance, saying: We continue to communicate and exchange visits with brothers and friends, and mutual interest is always present in all our dialogues.
And he stressed on all the active forces the need to stay away from the contradictions and tensions that are no longer an appropriate way to correct the course of the political situation in Iraq.
Al-Sudani added, “We will not be against the opposition opinions whose aim is to correct the defects in the body of the state. The opposing voice that bears national responsibility is no less important than the supporting voice.”
He concluded his speech by saying: We will continue to work, as long as there are courageous and serious leaders in it, and as long as our rational authority takes care of its path with its wisdom, and as long as our security forces, of all kinds, are capable and empowered, and mobilize their efforts from the sacrifices of the martyrs. LINK
Foreign Minister: Submitting The Draft Budget Within The Next Few Weeks
2023/01/21 Foreign Minister Fuad Hussein confirmed, today, Saturday, that the draft general budget will be submitted within the next few weeks.
A statement by the Ministry of Foreign Affairs stated that, “The Minister of Foreign Affairs met with the Austrian Foreign Minister, Alexander Schallenberg, on the sidelines of the Davos Forum, to discuss bilateral relations between the two countries, a number of international and regional issues of common concern, and the file of Iraqi refugees in European Union countries.”
The Foreign Minister indicated that “Iraq will discuss the issue of immigration at the level of the European Union during his next visit to Brussels,” extending his thanks to Schallenberg on the occasion of reopening the Austrian embassy in Baghdad.
Hussein Schellenberg invited him to visit Baghdad, accompanied by businessmen and investors, to hold dialogues with their Iraqi counterparts,” pointing to “the issue of forming the new Iraqi government, stressing that it has won the confidence of a strong coalition in the Iraqi parliament and that it seeks to rebuild the infrastructure and economic and present the draft general budget during the next few weeks.”
He stressed, “The presence of financial strength in Iraq as a result of the global rise in oil prices,” explaining that “the security situation in Iraq is good, despite the presence of some cells of ISIS terrorist gangs, but they do not pose a threat, taking into account that their presence is in the camps inside the Syrian territories. Noting that “There is concern about the release of ISIS leaders and their crossing into Iraqi territory.”
For his part, Schellenberg said that “his country, which is relatively small, is suffering from a refugee crisis whose numbers have increased over the past, in addition to the large number of Ukrainian refugees, and that his country expects an increase in the number of refugees during the current year,” referring to his country’s desire to conclude an agreement in this regard with Iraq. “.
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The Budget Is On The Parliament Table Within The Next 48 Hours
01/21/2023 16:32 Baghdad – Iraq today: Madiha al-Moussawi, a member of the Al-Fateh Alliance, confirmed, on Saturday, that the government has finished preparing the draft budget law for the current year, suggesting that the draft law be sent to parliament within the next two days.
Al-Moussawi said in a press statement, “Confirmed information indicated that the Ministry of Finance’s review with Prime Minister Muhammad Shia’a al-Sudani of the draft budget law for the current year has expired within the next two days.”
She added, “If the draft law reaches the House of Representatives, it will be presented to the Finance Committee for its study, and then it will be presented to the House of Representatives, where it will be read in the first reading, and in the second reading, notes will be presented by the members of the House for adoption in a manner commensurate with the interest of the ministries and governors.”
Al-Moussawi indicated that “the House of Representatives has a great determination to approve the budget as soon as possible, in order to start the real implementation of the government program for the Sudanese government.”
The Parliamentary Finance Committee earlier, the reasons for returning the budget for the current year to the Ministry of Finance and the Ministry of Planning, noting that inflation prevented the budget from being sent to the House of Representatives. LINK
Sudanese Promises The Iraqis An Unprecedented Budget
Policy- 01-21-2023 11:19 AM – Number of readings: 6474 Today, Saturday, Prime Minister Muhammad Shia al-Sudani promised the Iraqis an unprecedented budget during the current year, while stressing that it was centered on the government program.
Al-Sudani said in a speech he delivered during the official memorial ceremony on the occasion of the anniversary of the martyrdom of Sayyid Muhammad Baqir al-Hakim: “We remember in the month of Rajab the martyrdom with the taste of the clear victory that was achieved over terrorism.”
He added, “There is no religion in our necks greater than the religion of the martyrs,” noting: “We set out in highly investigated circumstances and presented realistic and practical action programs.”
He pointed out that “the government is supervising the completion of the budget law, which differs from previous years,” stressing that “the budget law for the first time is centered on the government program.”
He continued, “The government continues to support the restoration of the exchange rate of the dollar, which did not rise as a result of a government decision, but there are those who took advantage of the temporary conditions,” noting that “the government is working to recover the looted funds.”
He pointed out that “the government has attached special importance to foreign relations of Iraq,” noting that “the government is working to attract investments and agreements that are of interest to Iraq.”
Al-Sudani called on the active forces to “the need to stay away from arguments,” adding: “We will not be against opposing opinions whose goal is correction, because the opposing voice endowed with patriotism is no less important than the supportive one. ”
And he continued, “Iraq is strong as long as the religious authority sponsors the political process and its security forces provide it with support and backing.
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