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Without Addressing The Exchange Rate, The Ministry Of Finance Announces The Actual Start Of Preparing The 2023 Budget
Political | 05:00 – 10/31/2022 Baghdad – Mawazine News The Ministry of Finance announced, on Monday, the actual start of preparing the budget law for the year 2023. The financial advisor in the Ministry of Finance, Abdul Hassan Jamal, told the official news agency, “The ministry has actually started preparing the 2023 budget, and soon it will be submitted to the Council of Ministers.”
And he indicated that “the dollar exchange rate adjustment is within the policies of the government and the Council of Ministers is the one who takes the decision, but in the budget it has not been presented so far.”
He added, “There is no time limit for sending the budget law to the House of Representatives, but we are working to send it as soon as possible.”
The Minister of Finance, Taif Sami, confirmed earlier that “one of the most important priorities of the new government and the ministry is to present and approve the draft general federal budget for the year 2023. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=209819
Finance Announces The Actual Start Of Preparing The Budget Law.. What About The Exchange Rate?
Money and business Economy News – Baghdad Today, Monday, the Ministry of Finance announced the actual start of preparing the budget law for the year 2023.
The financial advisor at the Ministry of Finance, Abdul Hassan Jamal, told the official news agency, “The ministry has actually started preparing the 2023 budget, and soon it will be submitted to the Council of Ministers.”
And he indicated that “the dollar exchange rate adjustment is within the policies of the government and the Council of Ministers is the one who takes the decision, but in the budget it has not been presented so far.”
He added, “There is no time limit for sending the budget law to the House of Representatives, but we are working to send it as soon as possible.”
15 . views Added 10/31/2022 – 5:21 PM Update 10/31/2022 – 5:42 PM
https://economy-news.net/content.php?id=30512
Al-Sudani And The Governor Of The Central Bank Discuss Monetary Transactions And The Banking Reality
Money and business Economy News-Baghdad Today, Monday, the Prime Minister, Muhammad Shia Al-Sudani, discussed with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhief, the conduct of monetary transactions and the banking reality in Iraq.
A statement by the Prime Minister’s Media Office, which it received, stated that “Prime Minister Muhammad Shiaa al-Sudani met with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mikheib.”
And he continued, “Al-Sudani listened to a briefing on the conduct of monetary and banking transactions, and the rest of the aspects of the banking reality in Iraq, presented by the governor of the Central Bank.”
He pointed out, “The meeting witnessed a review of all aspects of the Central Bank’s work, and the most important challenges facing the national economy.”
Views 223 Added 10/31/2022 – 12:02 PM Update 10/31/2022 – 5:40 PM
https://economy-news.net/content.php?id=30506
In A Meeting Between Barzani And Blackshart.. An Affirmation Of Support For The Sudanese Government Program
Political | 05:13 – 10/31/2022 Baghdad – Mawazine News The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, and the Special Envoy of the Secretary-General of the United Nations in Iraq, Jeanine Hennis-Plasschaert, stressed, on Monday, the need to support the program of the Sudanese government, Muhammad Shia, by all parties.
And the media office of the President of the Kurdistan Regional Government stated, in a statement that Mawazine News received a copy of it, that “Masrour Barzani, received the Special Envoy of the Secretary-General of the United Nations in Iraq, Jenin Hennis-Plasschaert.”
According to the statement, “the two parties discussed the course of the political process and the general situation in Iraq after the start of the new government’s tasks,” stressing “the need to support its government program by all parties, so that it can provide services to all Iraqi citizens and components without discrimination, as well as solve problems.” The relationship between the Kurdistan region and the federal government based on the constitution.
The statement continued, “While they dealt with the reforms implemented by the ninth cabinet, especially with regard to the process of establishing a digital infrastructure in the Kurdistan region.”
https://www.mawazin.net/Details.aspx?jimare=209821
International Monetary Fund: Oil-Exporting Countries Will Achieve Revenues Of One Trillion Dollars
Monday, October 31, 2022 1:12 PM Follow-up / National News Center The International Monetary Fund said that economic activity in the Middle East and Central Asia is resilient as the recovery continues in 2022, but caution should be taken against increasing unfavorable conditions in the world.
The Fund indicated, in the “Regional Economic Prospects” report, that the oil-exporting countries are benefiting from oil gains that were not taken into account, as it is expected to achieve a cumulative trillion dollars during the period from 2022 to 2026.
This comes at a time when emerging markets and middle-income countries are facing A deep shock with regard to the terms of trade index in terms of the value of exports relative to the value of imports.
The Fund also said that global economic activity is witnessing a broad slowdown that exceeded expectations, with inflation rates exceeding their levels recorded during several previous decades.
The outlook is heavily burdened by the cost of living crisis, tightening financial conditions in most regions, the situation in Ukraine, and the continuing COVID-19 pandemic.
Forecasts indicate a slowdown in global growth from 6.0% in 2021 to 3.2% in 2022, and then 2.7% in 2023, while this represents the weakest growth patterns ever since 2001, with the exception of the period of the global financial crisis and the critical phase of the Covid- pandemic. 19.
According to forecasts, global inflation will rise from 4.7% in 2021 to 8.8% in 2022, to decline later to 6.5% in 2023 and 4.1% in 2024. https://nnciraq.com/161037/
Somo: More Than 90 Billion Dollars In Oil Revenues In Nine Months
Monday 31 October 2022 09:49 | Economic Number of readings: 286 Baghdad / NINA / – The National Oil Marketing Company (SOMO) announced the revenues of crude oil that were exported during 9 months of the current year 2022, which amounted to more than 90 billion US dollars.
According to statistics issued by the company, “the revenues of the Iraqi exported oil during the first nine months of the current year 2022 amounted to 90 billion and 388 million and 786 thousand and 336 dollars, at a monthly rate of 10 billion and 43 million and 198 million and 481 dollars.”
And the statistic indicated: “Revenues increased from last year 2021 by 70.6 percent, in which financial revenues amounted to 52 billion and 981 million and 515 thousand and 830 dollars, at a rate of 5 billion and 886 million and 515 thousand and 830 dollars per month.”
She pointed out that “the month of May of this year witnessed the highest financial revenue from oil sales, amounting to 11 billion and 477 million and 514 thousand and 4 dollars, while January was the lowest month in terms of revenues with 8 billion and 322 million 679 thousand and 526 dollars.”/ finished8 https://ninanews.com/Website/News/Details?key=1011029
Integrity Recommends Activating The E-Governance Project In Municipal Departments
Political | 03:42 – 10/31/2022 Baghdad – Mawazine News On Monday, the Federal Integrity Commission recommended activating the e-governance project in all municipal departments. To facilitate the procedures for completing transactions, as well as activating the work of electronic leave; To expedite its completion, and reduce routine episodes by reviewing the controls periodically.
And the Authority’s Prevention Department confirmed, in a report that Mawazine News received a copy of, about “the visits made by its team to the municipal departments in the center (Al-Rusafa, Karkh, Karrada and Al-Mansour); to see closely the reality of the state of the departments affiliated with the Baghdad Municipality, on the need for the secretariat to obtain Official approvals for the purchase of a fleet of (machines and equipment) to carry out road-cladding and waste removal, and to dispense with renting those mechanisms that drain a large proportion of their resources that can be utilized in the perpetuation of the work of the secretariat departments.
In a report sent to the Office of the Prime Minister, the General Secretariat of the Council of Ministers and the Baghdad Municipality, the department explained that “it is possible to coordinate with the Ministries of Industry and Trade to equip municipal departments with appropriate numbers of modern mechanisms and in a long-term installment method,
in addition to seeking the assistance of the engineering and mechanical efforts of the Ministries of Defense, Construction, Housing and Resources.” Water, in carrying out campaigns to show the capital in a proper appearance.
and emphasized ” The importance of finding radical solutions; To reduce the traffic momentum within the main streets, and to develop plans and studies for the construction of tunnels and bridges, and the development of main streets, as the report monitored the lack of coordination between the Municipality and the traffic departments regarding the maintenance of roads and bridges, the failure to activate the commercial exchange yards, pivotal weighing stations, and the occurrence of traffic jams in most cases. Streets of partitions within the work tasks of the municipal departments; Which in turn affected the flow of work.”
The report urged the cooperation of the security services holding the land and the relevant authorities with the owners of the Baghdad Municipality to remove the abuses that occurred on their property by influential groups, despite the involvement of the secretariat in removing the abuses on the property of other ministries, which constituted a burden on its staff, calling for the allocation of a laboratory.
Asphalt for the Municipality in both Karkh and Rusafa, to ensure the flow of its work, and divert the work of paving the roads to night, due to the lack of traffic momentum, and to avoid high temperatures in the summer.
The report monitored “the disproportion of the collection amounts with the services provided, and the failure of most departments to provide their services, and their failure to benefit from these amounts in the maintenance and purchase of service mechanisms, as the amount of collection fees for profession, cleaning and advertising fees reached for the period from (1-1-2022) until 30- 9-2022) in the municipalities of (Rusafa, Karkh, Mansour, Karada and Rashid) more than (26,175,000,000) billion dinars, noting that most of those charged with refraining from paying the collection amounts for the years (2019-2021).
The report gave priority to “the issue of addressing the insufficiency of the absorptive and drainage capacity of rainwater by separating rainwater networks from sewage, installing treatment plants and expanding existing networks, and also touched upon the importance of taking into account the absorptive capacity of sewage projects and water networks when granting investment licenses to residential and commercial complexes.” affect the services provided to citizens.
With regard to the heritage buildings and roles, he suggested “identifying these buildings within the geographical area ofthe municipal departments and acquiring them by the Ministry of Culture and the Baghdad Municipality, to reduce the abuses that occurred on them, and to facilitate the work of the secretariat’s staff in restoring the deer from them.”
The report suggested “allocating lands outside the borders of the capital for the construction of model industrial cities, trading yards, and (environmentally friendly) incinerators for the purpose of burning treatable waste in a safe and healthy manner, while studying the possibility of using the ashes left behind for the manufacture of “Pozzolan” cement, or energy production.
Electricity is one of the products of the incineration process, as well as setting up waste sorting and recycling plants in an investment manner in a way that raises the financial burden on the government, and seeks to obtain alternative imports.” Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=209810
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