Iraqi News Highlights Sunday Evening 11-13-22
Tlm724 Administrator Bondlady’s Corner
An Expert Explains The Important Files That The Sudanese Seeks To Add In The 2023 Budget
Today 19:02 Information/ private. Economist Nabil Jabbar explained, on Sunday, the important files that the Sudanese government of Mohammed Shia seeks to add in the 2023 budget, while he stressed that the Sudanese are trying to gradually move to balancing “programs and performance”.
“The Sudanese government is seeking to add the National Development Fund in the next budget for 2023 by deducting part of the oil revenues in favor of this fund, which is expected to be about 5 billion dollars or 5 trillion dinars, “Jabbar told The Information Agency.
He added that “what distinguishes this fund is its removal from the hands of state institutions and government ministries, and
it is a tool for financing the private sector to implement development projects instead of external borrowing,” noting that
“the Sudanese are trying to focus on the implementation of referred projects, especially those projects whose completion rate has reached 70% or more. The Economist explained that
“the prime minister is trying to gradually move to balancing (programs and performance) as an alternative to the previous method of preparing budgets,” considering
“talking about the immediate transition to balancing programs is unrealistic”.
The deputy of the state of Law coalition bloc, Mohammed Al-Shammari, called on Sunday, the government to the need to complete the 2023 budget and submit it to Parliament this month, indicating that
the approval of the budget by the end of this year will contribute to organizing the work of the government platform at the Times set by the Sudanese.
https://almaalomah.me/news/politics/خبير-يوضح-الملفات-المهمة-التي-يسعى-السوداني-لإضافتها-في-مواز
Expert: Nuclear Reactors Cost Iraq 40 Billion Dollars And The Money Will Be Restored Within 4 Years
Today 12:03 Nuclear reactors Information / Baghdad.. The national expert in the field of energy and emissions control Kamal Hussein Latif said on Sunday that the cost of building nuclear reactors that can provide Iraq with 10 kW is about 40 billion dollars, stressing that Iraq can recover this amount within four years.
Latif said in a statement that
“Iraq’s need for electric energy will reach in 2030 about 62 kW, distributed by 24% by gas at single cycle stations, 58% by Combined Cycle stations, 11% by heavy oil and crude oil stations, and 7% of it by renewable energy according to the plan”.
He added that “the annual losses that Iraq will incur in that year and beyond from oil and gas consumption to electricity production exclusively in single cycle plants with a thermal conversion efficiency ranging from ( 29.4-44.8)%, whose production capacity will be about 10 gigawatts, will consume annually about 192.857 *1011 cubic feet,
and assuming the standard cubic foot price remains about 3 cents, this means that we will spend 5.78 billion dollars annually, which is 20 percent of the current national income and about 12% of the national income expected for 2030,
but for combined cycle plants with a conversion efficiency of 65%, as is known, the production capacity for the need will be about 24.36 kW, which will consume annually 1011*328.297 Cubic foot and with the same imposition of the standard cubic foot price, we must spend at that time 9.848 billion dollars a year,
that is, our gas spending will amount to about 15.6 billion dollars a year only in the combined cycle, and
a simple closer look shows that we consume more than 30 percent of national income only on electricity production plants,” he said.
He continued that “for heavy and crude oil stations that operate with a heat conversion efficiency between (25.5-33.3)%, Iraq in 2030 will need an estimated 4.62 kW according to the plan that every 1 kWh of those stations consume 1160 barrels and during the year and for maximum heat conversion efficiency,
we will need 305.153 million barrels of oil at an average price of say 60 dollars at prices close to today’s prices, we will spend 18.3 billion dollars annually”.
Latif said that “countries that spend this amount of money to produce electricity should review their accounts, as it is supposed to be no more than 5% of their national income,
while Iraq will spend 19.8% of national income,
which is a huge figure in the accounts of countries that are considering their strategic plans in the field of energy and arrange their spending for Sustainable Development and individual well-being. The national expert pointed to
“some solutions in this area, including the use of nuclear reactors with nuclear power,
which can provide 25% of the energy needs, which covers about 10 kW of the required percentage, pointing out that
the total price of those reactors with this capacity will be up to 40 billion dollars and with the first operation during the first year we will save a total of 8.5 billion dollars of annual electricity spending,
without calculating the carbon yield, which can prevent the emission of 355 million tons per year, which is expected to reach 100 dollars(according to World Bank forecasts by 2030), and
thus we can achieve carbon returns of up to 3.55 billion dollars annually with our achievement The Paris Agreement is more than the voluntary contribution made by Iraq.
That is, we will get a reduction in spending with carbon dividends worth up to 12.0 billion dollars a year, that is,
in four years we will recover all the money spent on reactors, which cannot be achieved in any clean energy source other than nuclear energy,” he said.
https://almaalomah.me/news/economy/خبير:-المفاعلات-النووية-تكلف-العراق-40-مليار-دولار-والاموال
Economist Stresses Supporting The Private Sector Instead Of Burdening The Operational Budget With Appointments
Today 08:57 Information / Baghdad… Economist Bassem Jamil Antoine stressed the need to support the private sector to absorb the number of unemployed and operate factories to enrich the country with goods and goods instead of going to import,
pointing out that the continued launch of appointments will burden the operational budget after it reached 75 percent of the country’s budget.
Antoine told Al-maalouma that “successive governments often get into problems where there is a surplus in the number of state employees by 70 percent after their number exceeded 4 million and 500 thousand employees who do not provide the GDP with anything significant”.
“The government should transfer the recruitment process from the government sector to the private sector with granting soft loans, as well as paying attention to small enterprises and the operation of factories and factories to accommodate the numbers of unemployed, which exceed 3 million people,” he added.
“The operating budget exceeds 75 percent of the country’s budget, while the investment budget has about 10 percent, and the rest goes to other doors,” he said. He pointed out that
“the Great Return of oil can be properly invested by
reviving the private sector and
providing jobs in this sector to end the problem of unemployment,
operate factories,
enrich the country with various goods and materials imported from abroad, as well as
keeping young people away from the phenomenon of drugs and other negative phenomena”.
https://almaalomah.me/news/economy/اقتصادي-يشدد-على-دعم-القطاع-الخاص-بدلا-من-إثقال-الموازنة-الت
The Presidents Of The Republic And The Ministers Stress The Fight Against Corruption And Visits To The Governorates
The Presidents of the Republic, Abdul Latif Jamal Rashid and the Council of Ministers, Muhammad Shiaa Al-Sudani, discussed the results of Iraq’s participation in the Algiers and Sharm El-Sheikh summits and other important issues, while they stressed the fight against corruption and visits to the governorates.
A statement by the Presidency of the Republic stated that “President of the Republic, Abdul Latif Jamal Rashid, received at the Peace Palace in Baghdad, Prime Minister Muhammad Shia Al-Sudani, and at the beginning of the meeting, the President of the Republic reviewed the results of his participation in the Arab Summit held in Algeria and the United Nations Climate Summit held in Sharm El-Sheikh, Egypt, where they talked about the outcomes of the two summits and the results of the meetings that took place between the President of the Republic and leaders of brotherly and friendly countries and heads of participating delegations.
He added, “A number of issues related to the general situation in the country were also discussed, and it was emphasized the need for everyone to support the government’s steps within its service program, which would advance the economic situation and in a way that would achieve the aspirations of all the people for a free and dignified life,”
noting that “it was conducted Emphasizing the importance of combating corruption and creating a suitable environment for investment that would encourage the private sector to play its role in supporting the national economy and creating job opportunities to employ young energies.
The statement indicated that “the President of the Republic and the Prime Minister discussed the issue of water, and agreed to fully coordinate in finding appropriate solutions and to continue holding meetings on a regular basis, and the President of the Republic to conduct field visits to the concerned governorates, accompanied by a number of ministers.”
https://www.radionawa.com/all-detail.aspx?jimare=32122
Al-Sudani Discusses The Prospects For The Private Sector’s Work With A Number Of Iraqi Businessmen
Sunday 13 November 2022 10:52 | Economic Number of readings: 335 Baghdad / NINA / – Prime Minister Muhammad Shia Al-Sudani discussed with a number of businessmen, investors and entrepreneurs in the private sector the national economic reality.
During the meeting, according to a statement by Al-Sudani’s office, they discussed the national economic reality, the prospects for the work of the private sector and its contribution to expanding employment and development opportunities, and the most important obstacles and challenges facing it.
Al-Sudani revealed, in a speech during the meeting, the government’s intention to end wrong practices that represent an obstacle to the development of this vital economic sector, calling for private sector projects to be consistent with the nature of economic challenges and the needs faced by citizens.
Al-Sudani expressed his conviction that the state’s economic paths cannot be corrected unless the private sector is an essential partner in this correction and reform.
He stressed that the opportunity will be available and supported by the government to enter into a constructive partnership with this national sector, which is highly relied upon to reduce unemployment and provide sustainable national development that contributes to ensuring stability and social peace, stressing that projects will be subject to fair competition on the basis of the principle of equal opportunities and far from About monopoly./ https://ninanews.com/Website/News/Details?key=1013684
Members Of The Kurdistan Parliament Refuse To Receive Their Pensions
Saturday 12 November 2022 20:14 | political Number of readings: 581 Baghdad / NINA / – A group of representatives of the “New Generation” movement in the parliament of the Kurdistan region announced their refusal to receive their salaries and pension benefits.
The deputies said, in a joint press statement today, Saturday, “We are the deputies of the “new generation”, and from the moment the region’s parliament was extended illegally, we refused to be in an illegal parliament, and we refused to receive salaries because it is not permissible. Therefore, we closed our bank account and we will not take a single penny; In fulfillment of the pledge we made to our public before we entered Parliament, that we will not receive the pension either.” / End
https://ninanews.com/Website/News/Details?Key=1013608
The Appearance Of Muhammad Salih To / Nina / Development Fund .. Will Increase The Contribution Of The Private Sector To The Domestic Product By A Large Percentage
Sunday 13 November 2022 11:26 | Economic Number of readings: 433 Baghdad / NINA / – The financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the Development Fund will raise the private sector’s contribution to the domestic product by a large percentage.
He told the National Iraqi News Agency / NINA / that an important aspect of the financial abundance likely to be achieved at the end of the 2022 fiscal year will undoubtedly be directed to be a basis for supporting the capital accumulation in the productive assets in the country.
Saleh added: This surplus will be allocated in an important aspect to be the financial leverage for the establishment of the Development Fund announced by the Prime Minister a few days ago, which will undoubtedly contribute to financing the important productive activities of the private sector and support its contributions to economic development in a way that enhances the degree of diversification of the country’s economy, especially encouraging the contribution of agricultural activities And industrial, construction and private housing sectors in the gross domestic product./End 3
https://ninanews.com/Website/News/Details?Key=1013677
Cabinet Votes On A Bill To Support Small Businesses
Sunday, 13 November 2022 3:49 PM Baghdad/National News Center The Cabinet voted on the first amendment bill to the Small Business Support Law.
The General Secretariat of the Council of Ministers said in a statement received by the National News Center: “The Council of Ministers decided to approve the draft law of the first amendment to the Law to Support Small Income-Generating Enterprises, No. (10 of 2012), which was audited by the State Council, and referred to the House of Representatives, based on the to the provisions of Articles (61/ Clause First, and 80/ Clause Second of the Constitution).”
She added that “the decision came to support and assign the capital of the Fund to Support Small Income-Generating Projects, prevent violating the law, the instructions and controls issued under it, and quickly recover the installments due for the purpose of including new numbers of borrowers, which contributes to encouraging the private sector.”
And she continued, “The decision was taken during the third regular session of the Council of Ministers, held on November 8, 2022.” https://nnciraq.com/164260/
To read more current and reliable Iraqi news please visit BondLady’s Corner:
https://www.bondladyscorner.com/
