BondLady’s Corner

  In Bondlady’s Corner 

Iraqi News Thursday AM 1-14-21

TLM724 Administrator BondLady’s Corner

The Finance Committee Hosts The Director General Of Finance In The Presidency Of The Republic To Discuss The 2021 Budget

01/14/2021   The sub-committee formed by the Finance Committee hosted, on Thursday 01/14/2021, the Director General of the Financial Department in the Presidency of the Republic to discuss their financial allocations within the draft Federal Budget Law for 2021.

The committee emphasized that it would work to squeeze all unnecessary expenditures in the budget, such as furniture and cars, and that these allocations should go to basic matters.

Media  Department Parliament  January 14, 2021  LINK

Crisis Economy And Reality Solutions

Thursday 14th January 2021 72  Ali Hassan Al-Fawaz   There is no doubt that Iraq is facing a difficult economic circumstance, and this circumstance is reflected in the files of politics, society and culture, so that its effects appear more ambiguous and more questionable, especially those questions related to the search for realistic solutions that can address the crisis and face its repercussions on the work of other sectors.

What is happening today after the Prime Minister submitted the budget to the House of Representatives reveals the nature of the problems related to what is in the framework of the budget, in the chapters of its disbursement, and in its ability to contribute to strengthening the face of development benefits and reducing the burden of economic problems on the shoulders of citizens, and the ambiguity of what is related With regard to salaries of employees and retirees and the social welfare network, as well as dealing with the problems of supporting programs and work projects of ministries and other institutions.

Unfortunately, the economic situation in which we live was not an emergency, as it has turned in recent years into a cumulative problem, and into a complex that governments suffer, just as people suffer from it, and this calls for critical, rational and procedural reviews, and in the direction that provides real opportunities for treatment, and to reformulate the economic structures in their fields In order to avoid the description of “failed states” that are incapable of protecting their people in terms of development, health, social and education, as well as avoiding turning the problems of annual budgets into an area of permanent political disagreement, and subject to accounts of interests, agendas, mismanagement and mismanagement of the national wealth. .

Improving economic performance means improving its management, reviving its institutions to be effective and vital, possessing the energy of renewal, flexibility, and clarity, and able to find multiple outlets for the development of national wealth outside the oil rent, at the level of developing the areas of the investment economy and building it on sound scientific foundations, and framing and protecting it with the necessary laws,

In addition to supporting the private sector to be an effective partner and competitor in the developmental rehabilitation, and in addressing the problems of unemployment and the national institutional building of Iraqi industry, agriculture and trade, and I think that this is not impossible if it is coupled with procedures based on correct planning, legalization, governance, monitoring and trust, and on setting up the specialized operational frameworks that Have the ability to manage institutions to create a healthy competitive and effective environment, just as the creation of a scientific environment led by national expertise, competencies and skills.

All this needs a rational political administration, effective and real parliamentary legislation that is appropriate to the Iraqi reality and its needs, and to have credibility, effectiveness and continuity, in return for measures that regulate the work of random import, control of external outlets, and on protective foundations, effective and deterrent laws, and firm security control. It links political and sovereign national security measures with health, food and economic security measures, as they are supportive and maintenance measures for society and the identity of the Iraqi state.  LINK

Issue (4611) Was Issued From The Iraqi Newspaper Al-Waqi’a Issued On 11/1/2021

2021-01-14 12:12:00

1- Law of Ratification of an Agreement Concerning the Establishment of the Global Drylands Alliance No. (15) of 2020

2- A decision issued by the Committee to freeze terrorist funds No. (45) for the year 2020.

3- Announcements for establishing cooperative societies.

Those wishing to acquire the Iraqi factsheet can refer to the Iraqi investigation department located in Salhiya / Haifa Street (Ministry of Justice building), and obtain the required number.    https://www.moj.gov.iq/view.5324/

Finance Minister: We Will Take A Package Of Measures To Reduce The Effects Of Devaluation

Thursday 14th January 2021  134  Baghdad: Morning   Finance Minister Ali Abdul Amir Allawi revealed the implementation of a package of measures that reduce the effects of devaluation, while the head of the State of Law coalition, Nuri al-Maliki, called for appropriate reforms that contribute to rationalizing spending.

The Minister of Finance discussed, according to a statement with Al-Maliki, the necessary means to support Iraq to confront the current financial crisis, the plans and measures required to overcome it, and the importance of uniting efforts and solidarity among all to reduce the deficit in the public budget in order to achieve social justice.

The Minister of Finance reviewed the procedures followed by the ministry in dealing with the economic and financial conditions, stressing that “the ministry will take, within two weeks, a package of measures that mitigate the effects of devaluation.”

Allawi called for concerted efforts to overcome the current stage and its repercussions on public life.

For his part, Al-Maliki stressed the need for appropriate reforms that contribute to rationalizing spending and preserving public money, stating that “economic treatments to get out of the current situation should not affect the classes of limited income, employees, retirees and their pension obligations.”   LINK

Industry Intensifies Its Efforts To Make “Made In Iraq” Events Successful

Thursday 14th January 2021   33  Baghdad: Haider al-Rubaie The Ministry of Industry has intensified its efforts for the success of the “Made in Iraq” exhibition, which is scheduled to open on the 17th to the 21st of this month, and includes all the Ministry’s companies, while it revealed the imminent establishment of an industrial exhibition for the “private sector”.

The Minister of Industry and Minerals, Manhal Aziz Al-Khabaz, said in a press statement, that “on a daily basis, we continue our visits and field tours to complete all the continuous preparations for days, in preparation for the launch of the qualitative industrial exhibition (Made in Iraq) in its fifth session.”

The baker, accompanied by a number of consultants and general managers in the ministry and its various affiliated bodies, conducted field visits to see the progress of the ongoing work and the wings of the companies and products that will be displayed and the methods to be adopted.

The minister stressed the importance of this exhibition in reflecting the successes and achievements of the ministry, and to shed light on locally manufactured products and their importance in covering the requirements, needs and support of the various state sectors.

Al-Khabbaz stressed the importance of investing in the establishment of this exhibition to strengthen cooperation with all ministries and state institutions and restore the confidence of the Iraqi consumer and urge him to support and acquire the local product and encourage the national industry.

In turn, the spokesman for the ministry, Mortada Al-Safi, said, “The exhibition differs of its kind, and only the companies of the Ministry of Industry and Minerals will participate, and it will be dedicated to displaying the products that these companies provide to the rest of the state ministries.”

Al-Safi pointed out that “the exhibition will be in the form of pavilions in which the companies affiliated with the Ministry of Industry will display their products that serve the rest of the departments and ministries of the state, indicating that the exhibition will include products that can serve various ministries, such as electricity, oil, agriculture, defense, interior and trade.”

The official spokesman revealed that there is an agreement to hold an exhibition for the private sector soon, to be adopted by the General Directorate of Industrial Development.   LINK

Parliamentary Finance Resolves The Controversy And Reveals The Fate Of The Dollar Exchange Rate In The Budget

Pratha News Agency147 2021-01-14   The Parliamentary Finance Committee confirmed, on Wednesday, its inability to change the exchange rate of the Iraqi dinar against the US dollar, noting the stability of the exchange rate after the approval of the 2021 budget law.

Committee member Jamal Cougar said in a press interview, that the reports about a parliamentary move to change the exchange rate of the Iraqi dinar against the US dollar are incorrect.

He indicated that the Parliamentary Finance Committee does not have any authority to change the exchange rate of the dinar against the dollar, stressing that the Central Bank is the only body that has that authority and is able to change or return the exchange rate.

Cougar pointed out that the exchange rate of the dinar against the dollar in the market will stabilize after the approval of the General Budget Law for 2021 in the House of Representatives.

Earlier on Wednesday, Finance Minister Ali Abdul Amir Allawi announced his intention to take a package of measures that mitigate the effects of devaluation within two weeks.

A statement by the Office of the President of the State of Law Coalition, Nouri al-Maliki, stated that the latter received Allawi, today, and the meeting dealt with the necessary means to support Iraq to face the current financial crisis, the plans and measures required to overcome it, and the importance of uniting efforts and solidarity among all to reduce the deficit in the public budget in order to achieve social justice.

Al-Maliki stressed, according to the statement, the necessity of carrying out appropriate reforms that contribute to rationalizing spending and preserving public money, stressing that economic treatments to get out of the current situation should not affect the layers of limited income, employees, retirees and their pension obligations.

The head of the State of Law coalition renewed his call on the government to “not neglect the rights of peasants and farmers and to delay the payment of their dues.”

In his turn, the Minister of Finance reviewed the procedures followed by the ministry in dealing with the economic and financial conditions.

Allawi confirmed, according to the statement, that the ministry will take a package of measures within two weeks to mitigate the effects of devaluation, calling for “concerted efforts to overcome the current stage and its repercussions on public life.”   http://burathanews.com/arabic/economic/384438

Parliament Decides To Resume Its Open Session Next Saturday

Political| 04:21 – 01/14/2021  Baghdad – Mawazine News   The Media Department of Parliament announced, on Thursday, that the 2021 budget discussion session will continue until next Saturday.

In a statement, Mawazine News received a copy, the department stated that “the 2021 budget discussion session will continue until next Saturday.”

It is noteworthy that today’s session was devoted to discussing the budget and several paragraphs. Ended 29 / h https://www.mawazin.net/Details.aspx?jimare=137899

Minister Of Planning: Directed To Involve The Private Sector In The Inspection Program Before Delivery

Economie| 01:20 – 01/14/2021  Baghdad – Mawazine News , Minister of Planning Khaled Battal Al-Najm revealed, on Thursday, that there is a tendency to involve the private sector in the inspection program before delivery.

His media office stated in a statement, which Mawazine News received a copy of, that “the star met with representatives of the inspection companies, which the ministry had contracted with earlier.”

Al-Najm added, “The ministry is moving towards engaging the private sector in the pre-supply inspection program for examining goods and goods imported into Iraq,” reiterating “the emphasis on the vital role that the private sector will have in the Iraqi economy, and in various development sectors.”

He stressed, during the meeting, that “the examination companies must adhere to the terms of the contract signed with them, because the task that these companies perform is related to the life of the citizen, and therefore, in any way, it is not possible in any way to tolerate any defect that could lead to great harm, especially in what Related to the inspection of food, construction, and electrical materials, “calling” the representatives of these companies to complete all requirements related to the best implementation of their duties, and otherwise the Ministry will have a firm position on any company that does not abide by the terms of the contract signed with it, praising at the same time the level of performance provided by some Of screening companies. ”

For their part, representatives of the three companies (British, Emirati and Chinese) confirmed their readiness to work with the Ministry of Planning in accordance with what was stipulated in the terms of the contracts between the two parties, and to complete all requirements that would ensure the success of the work. https://www.mawazin.net/Details.aspx?jimare=137872

French Readiness For A Major Economic Partnership With Iraq

Thursday 14, January 2021 14:44 | Economical Views: 168  Baghdad / NINA / Minister of Planning Khaled Al-Najm affirmed that: The inclusion of the Baghdad Suspension Train and Mosul Airport projects within the current year’s budget represents an important qualitative addition to development in Iraq, and the two projects will have a significant impact on the development of the transport sector, which is a major driver for the rest of the productive sectors Other.

During his meeting with the French Chargé d’Affairs in Baghdad, Jean Noble Bonio, he said: The commencement of work on the suspended train and airport projects, will be after the approval of the state budget law, indicating: There are other projects that are being implemented by French companies.

Al-Najm expressed the desire of the Iraqi government to increase the level of joint cooperation between the two countries in the economic, cultural, investment and political fields.

For his part, the French diplomat expressed his country’s readiness to enter into a major economic partnership with Iraq.

He praised the efforts of the Ministry of Planning, which greatly contributed to enhancing joint cooperation. / https://ninanews.com/Website/News/Details?key=881893

To read more current and reliable Iraqi news please visit BondLady’s Corner:

https://www.bondladyscorner.com/