Iraqi News Highlights Sunday Afternoon 10-16-22
Tlm724 Administrator Bondlady’s Corner
Economist To / NINA /: The Delay In Approving The Budget… Harmed The Economy And Prevented Benefiting From High Oil Prices
Sunday 16 October 2022 13:27 | Economic Number of readings: 190
Baghdad / NINA / – The economic expert, Jalil Al-Lami, confirmed: The delay in approving the budget … harmed the economy and prevented benefiting from the rise in oil prices.
He told the National Iraqi News Agency ( NINA ): According to the preparatory data for the 2022 budget, the general budget can be approved during the remainder of the current year, as the legislative authority can directly discuss the draft general budget during these days, especially since the draft general budget for 2022 in the corridors of Parliament was the Al-Kazemi government. It was submitted to Parliament during the month of December of last year.
Al-Lami added: The budget items are implemented by the Sudanese government in the event that the federal government is formed during the constitutional times.
Al-Lami expressed the hope that the first act of the Sudanese government, which raised the slogan of the government, would be the completion of approving the general budget, the delay of which affected the Iraqi economy and did not benefit from the rise in Iraq’s oil exports./
The Appearance Of Muhammad Salih To / Nina /: The Intention Is To Present A Current Reality Budget And A Final Account For The Current Year At The Same Time
Sunday 16 October 2022 10:48 | Economic Number of readings: 345
Baghdad / NINA / – The financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the intention is to present a current budget for the current fiscal year and a final account at the same time.
He told the National Iraqi News Agency ( NINA ): I think it is very difficult to approve the federal general budget law for the current fiscal year 2022 in the remaining time of the current fiscal year because the general budget is an estimated future financial plan for one fiscal year to come.
He explained: The expenditures that were approved during the current year were implemented through two different laws, the first: through the implementation of Article 13 of the Financial Management Law No. 6 of 2019 amended by the 12/1 disbursement of the total actual current expenditures that took place in the year 2021, and the second, Through the Emergency Food Security and Development Law No. 2 of 2022, and accordingly, I see that the intention may move to present (a current budget for the fiscal year 2022 and prepares a final account at the same time) for approval by the House of Representatives soon./End 3 https://ninanews.com/Website/News/Details?Key=1007892
Experts: The 2023 Budget Will Reveal The Failure Or Success Of Sudan’s Economic Policy
Prime Minister-designate Muhammad Shia Al-Sudani Reports Economy News-Baghdad With the entry of President-designate Muhammad Shia Al-Sudani to the fortified government palace and the initiation of the procedures for forming the government, the economic circles are awaiting the first reform steps of the expected government and the features of the economic policy, through the suspended budget bill until today.
And a professor of economics at Basra University, Nabil al-Marsoomy, said in a Facebook post that “Iraq’s federal budget for 2023 is the decisive factor in whether the economic policy of the Sudanese government is different or is an exact copy of its predecessors.”
He added, “The budget will be delayed a lot if the new economic policy is different from its predecessors, because this requires a radical modification in the rules and foundations of building the budget and in its objectives and programs in order to be consistent with the new economic policy and the Sudanese government program.”
The total financial budgets in Iraq, since 2003, amounted to 100 billion dollars, with security and defense needs at the forefront of the budgets’ doors, amid accusations leveled by members of the House of Representatives and specialists against successive governments because of their “mismanagement” of the country’s finances.
For his part, the economist, Sadiq Al-Bahadli, says in a Facebook post: “In order to do right, we must start with the 2023 budget with a new approach and new rules and foundations. We suggest that it be in two parts, the first for the operational federal budget and the second for the federal investment budget for development and service projects.”
He adds, “It may be for five years, for example, and projects for which funds are allocated in order to get rid of the old foundations that caused hundreds of projects to lag behind on the pretext that there are no financial allocations because the state’s general budget allocates part of the projects’ needs and then leaves the project without funds from the budget and so on until we found Lots of projects without a known completion rate.”
He continues that “dividing the state’s general budget into operational and investment reduces its dependence on politics and its conflicts, especially since the state’s general budget in Iraq has a significant impact on the market and business and represents a stable income for more than eight million people who support most segments of Iraqi society.”
The delay in approving the Iraq budget bill raises concern among economists, who considered that the rivalries between the political forces will have bad economic effects on the country, which is experiencing difficult circumstances in light of the fears of global recession and high levels of inflation.
Views 202 Added 10/16/2022 – 10:33 AM Update 10/16/2022 – 5:42 PM
Al-Hakim Receives The Sudanese To Discuss The Management Of The Next Political Stage
Political | 12:32 – 10/16/2022 Baghdad – Mawazine News , the head of the National Wisdom Movement, Ammar al-Hakim, received today, Sunday, Prime Minister-designate Muhammad Shiaa al-Sudani to discuss and discuss the formation of the government and the management of the next political stage.
A statement issued by Al-Hakim’s media office, a copy of which was received by Mawazine News, stated that “the head of the National Wisdom Movement, Ammar Al-Hakim, received the Prime Minister-designate, Muhammad Shiaa Al-Sudani, as the two sides discussed the file of forming a government according to constitutional times, and the need to form a capable national service government. to achieve the aspirations of the Iraqi people.
Al-Hakim stressed the need to enlist competent ministers who are attested to by their professionalism, competence, integrity and good management, and to select a coherent team in managing the next phase, reiterating that “we do not participate in the government.”
pointed to ”
Al-Hakim called for “openness to the regional and international environment and finding a balance equation that guarantees Iraq’s rights and preserves its sovereignty, taking into account the completion of projects and plans of previous governments and benefiting from the financial abundance in the field of reconstruction and sustainable development.” Ended 29 / M 99
https://www.mawazin.net/Details.aspx?jimare=208398
Al-Sudani Receives Blackshart To Discuss The General Political Situation In The Country
Political | 02:43 – 10/16/2022 Baghdad – Mawazine News, Prime Minister-designate Muhammad Shia Al-Sudani affirmed today, Sunday, his readiness to work for balanced external relations with the regional and international environments.
The media office of the Prime Minister-designate said in a statement received by Mawazine News that “the Prime Minister-designate, Muhammad Shiaa Al-Sudani, received today, the Special Representative of the Secretary-General of the United Nations in Iraq, Jenin Plasschaert,” noting that “the meeting witnessed a discussion of the general political situation in Iraq.” The country, emphasizing the strengthening of cooperation with the United Nations, and the strengthening of the mechanisms of the democratic system in Iraq.
Al-Sudani affirmed that “his government program will focus on addressing service problems and combating corruption,” expressing “the keenness of the next government to listen to the voice of youth, take into account the file of human rights and minorities, as well as its willingness to work for balanced external relations with the regional and international environments on the basis of interests.” common interests that preserve the sovereignty of Iraq.
For her part, Plasschaert congratulated the Sudanese on the occasion of his assignment to the presidency of the Council of Ministers, stressing the support of the UN mission “to form a government that meets the aspirations of the Iraqi people with all its components.” Ended 29 / M 99
Acting Minister Of Finance: The Next Stage Requires Doubling Efforts And Enhancing Capabilities
Sunday, October 16, 2022 3:17 PM Baghdad/National News Center Today, Sunday, the Ministry of Finance announced that Minister of State Hiyam Neamat Mahmoud has started her duties as Acting Minister of Finance.
The Ministry’s media office said in a statement received by the National News Center: “Today, Hiyam Nemat Mahmoud began her duties as Acting Minister of Finance, in addition to her job as Minister of State,” indicating that a number of the ministry’s general managers were received by the minister.
And she added, “The minister met with the applicant in the Ministry of Finance and discussed with them a number of issues related to the ministry’s work.”
She stressed, “the importance of advancing the role of the ministry as it is a basic pillar of the Iraqi state,” noting that “the next stage of the ministry’s work requires doubling efforts, enhancing capabilities, and supporting the work process in a way that contributes to the advancement of all departments and bodies affiliated with the ministry in the service of the public interest.” “.
She stressed, “on the cooperation between the legislative and executive authorities.”
For their part, the general managers extended their thanks and appreciation to the minister, wishing her continued success and payment in completing the tasks entrusted to her.
The Volume Of Electronic Commerce In Iraq Exceeds $6.6 Billion By The End Of 2022
Money and business Economy News-Baghdad The head of Miswak Electronic Company, Ammar Amin, confirmed that the e-commerce market in Iraq will exceed $6.6 billion by the end of 2022.
“The e-commerce market in Iraq will exceed $6.6 billion in 2022 – more than 60% annual growth ($4.2 billion in 2021), Amin said via Lincoln.
He added, “Beginning to invest in this market, will attract many other investors and thus gain the best value-for-money deals in this system – which still has a lot to offer in the coming years.”
“At a time when investment decisions are more difficult than ever, this opportunity is even better: Regional players will think twice before expanding, and local, investable players will be within everyone’s reach,” he explained. Hits 143 Added 10/16/2022 – 9:57 AM Update 10/16/2022 – 5:31 PM
A Decrease In Iraq’s Oil Exports To America Within A Week
Economie| 11:09 – 16/10/2022 Baghdad – Mawazine News The US Energy Information Administration announced on Sunday that Iraq’s oil exports have more than halved during the past week.
The administration said in a report, “The average US imports of crude oil during the past week from eight countries amounted to 5.117 million barrels per day, down by 103 thousand barrels per day compared to the previous week, which amounted to 5.220 million barrels per day.”
She added that Iraq’s oil exports to America amounted to an average of 109 thousand barrels per day last week, down by more than half from the previous week, when oil exports to America reached an average of 275,000 barrels per day.
She also indicated that “most of America’s oil revenues during the past week came from Canada, at a rate of 3.300 million barrels per day, followed by Mexico at a rate of 759 thousand barrels per day, and oil revenues from Saudi Arabia at a rate of 370 thousand barrels per day, and then Colombia at a rate of 242 thousand barrels per day.” .
According to the administration, “the amount of US imports of crude oil from Ecuador amounted to an average of 136 thousand barrels per day, and from Brazil at a rate of 111 thousand barrels per day, and from Libya at a rate of 90,000 barrels per day, while it did not import any quantity from Russia or Nigeria. LINK
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