Bondlady’s Corner Iraqi News Highlights Wednesday Afternoon

Iraqi News Highlights Wednesday Afternoon 3-15-23


Tlm724 Administrator Bondlady’s Corner


Parliamentary Finance: Parliament Will Need 30-45 Days To Pass The Budget


Political     Baghdad –  Today, Tuesday, the Parliamentary Committee confirmed the need for 30-45 days to discuss the budget in Parliament before voting on it, indicating that there is a political consensus to pass it, while it indicated that appropriating $70 per barrel in the budget is realistic and does not cause concern.


A member of the committee, Mueen Al-Kazemi, told Al-Iraqiya News, and was followed by the Iraqi News Agency (INA), that “the draft budget approved by the government is expected to reach the House of Representatives next week, and the Council will start discussing it by the Finance Committee, and we believe that bringing it to the voting stage requires between a month and a half.”


He added, “The Parliamentary Committee will discuss the issue of the deficit established in the budget, amounting to 64 trillion dinars, and how to cover it, and


there is political consensus to pass the budget and after examining its items and doors to start implementing what was stated in the ministerial program of the government of Prime Minister Muhammad Shia’a al-Sudani.”  And he continued,


“The Financial Management Law allowed the government to present a budget for (3) years, provided that  the first year is obligatory, meaning that it is approved,


while it is possible to make amendments to the 2024-2025 budget, with a proposal from the Ministries of Finance and Planning and the approval of the House of Representatives.”


He pointed out that “the adoption of the budget on the price of 70 dollars per barrel of oil is realistic and was determined by specialists and does not cause concern, because   global expectations indicate that oil prices will stabilize within these limits or more during the current year.”–30-45-.html


Al-Jubouri: All Oil Issues Have Been Settled With The Region, And We Are Waiting For Implementation


Information / Baghdad…  The representative of the coordination framework, Thaer al-Jubouri, confirmed that  the political parties were able to resolve the region’s share in the budget, the file of oil revenues, and the mechanism for its arrival in Baghdad without repeating the previous problems.  Al-Jubouri told Al-Maalouma,


“The political parties have decided the issue of the region’s share in the budget, and an agreement has been reached on a ratio of 12.6, as stated in the draft budget prepared by the government.”  He added,


“The agreement with the region was made to deposit the revenues of the oil exported through Kurdistan in Iraqi banks and under the supervision of the federal government, in order to ensure that the revenues reach Baghdad.”  And he indicated that


“the political parties are still continuing understandings with the region about oil and gas, especially after the region’s share and oil imports have been decided, and only some understandings remain, as Al-Sudani’s visit to the region came to confirm these matters and ensure that the budget is passed without objection.”الجبوري:-جميع-القضايا-النفطية-حسمت-مع-الاقليم-وننتظر-التطبيق t


Prime Minister: The Budget Will Translate Into Practice The Government Program


political    Today, 10:58   Baghdad –  INA Prime Minister Muhammad Shia Al-Sudani confirmed, during his speech at the Sulaymaniyah Forum, today, Wednesday, that the budget will practically translate the government program.


Prime Minister Muhammad Shia al-Sudani said, during the opening of the Seventh Sulaymaniyah Forum, issued in a statement from his office, which was received by the Iraqi News Agency (INA):


“The holding of such conferences in the presence of this large gathering of researchers and those interested in Iraqi affairs is evidence of freedom of expression and the practice of life.” democracy in Iraq today.  He added,


“We pledged in our government program to provide services to our people and build a strong and cohesive economy,” stressing that “the achievement of large percentages of the ministerial program.”  He pointed out,


“The agreement on the draft budget law represents a bold step that avoids previous failures, and expresses clarity in the vision drawn for our declared goals in serving the citizen.”  And he stated,


“The budget is an important key to opening the doors to a solution to several problems, achieving priorities for addressing unemployment, combating poverty and corruption, and initiating economic reform.”  He pointed out,


“Financial and political stability paves the way for an optimal investment of our country’s primary wealth, enacting the oil and gas law, and understanding with the Kurdistan region of Iraq in this regard,” stressing


“the need to leave the term (unresolved problems), and replace it with terms of sustainable projects and opportunities.” shared economy, for a sustainable and equitable well-being for all Iraqis.  He pointed out,


“The painful memory of the heinous crime committed by the dictatorial regime against our Kurdish people in the city of Halabja is a sad occasion, and


we voted in the Council of Ministers two days ago on the project to convert it into a governorate, which is the least we can offer in return for their great sacrifices.”  He stressed,


“Our meetings in Erbil were fruitful, and I met a group of heads of parties and representatives of the components, and we talked without restrictions, because we – in word and deed – are people of one country and one destiny.”



He continued, saying:  “The strife that distorts the unity of Iraq, which sees that the strength of one of its parts is to weaken the federal government or to weaken the other components in the country, was an entry point for ISIS terrorist gangs to pounce on the heart of the state, threatening all components without exception.”  He explained,


“We look forward to deep and sustainable economic partnerships that bring us together with brotherly and friendly peoples, and we exchange concern for security with them. With effective and fruitful economic cooperation, only sustainable security can be established.”  The Prime Minister affirmed:


“We will never accept that the land of Iraq be a starting point for threatening the security of the neighborhood, and our constitution obliges us not to interfere in the affairs of others, just as we do not accept that the dignity of our land and our sovereignty be affected from the neighborhood or from others.”  He pointed out,


“Our government attached, early on, special importance to strengthening the border guard forces, and increased efforts to control them, prevent infiltration, and eliminate any force that seeks to destabilize, whether in the Kurdistan region or anywhere else in the land of Iraq.”  He stated,


“Iraq’s history, geographical location, economic potential and capabilities, and the human resources it possesses, qualify it to play a pivotal role in the Middle East and the world, in order to become a regional focus.”  He stated by saying:


“This week was full of successes and shedding light on a humanitarian issue that links Iraq with its regional and international surroundings through our holding of the climate conference in Basra, where we sought, within our government program, to give priority to confronting the effects of climate change through a number of projects that contribute to reducing emissions, including the establishment of stations.” Renewable energy, rehabilitation of closed sanitary landfill sites, desertification control projects, water-regulated irrigation techniques, and heavy water treatments.   He noted,


“We have recently signed contracts for the fifth licensing round to invest associated gas and stop burning it, in order to reduce carbon emissions by large proportions, and we will continue to develop projects that convert associated gas into a source of electric energy.”  He added,


“We launched a major initiative to plant 5 million trees and palm trees in all governorates of Iraq, accompanied by the launch of a national guide for urban afforestation, for the first time in Iraq.”  He concluded by saying,


“The world can learn many lessons from the battle of the Iraqi people, with their various races and religions, in their war against terrorism.”–.html


Experts Recommend A “National Program” To Restore Economic Policies


Economical 2023/03/15  Hilla: Fadel Al-Ali  Economists and academics recommended defining a national program to reshape Iraqi economic policies. This came during the second joint scientific conference held by the College of Administration and Economics at the University of Babylon.


Haider al-Dulaimi, Dean of the College of Administration and Economics at the University of Babylon, told Al-Sabah that the conference, in which experts, researchers and professors of Iraqi universities participated, was held under the slogan


“Towards a national program to reshape economic policies to develop the Iraqi economy.”


He added that “the axes focused on


activating the laws related to foreign investments in Iraq, taking into account the


quality of these investments in a way that serves economic development, the


development of productive forces, the


introduction of modern productive technologies, and the


prioritization of foreign investments through a well-studied economic plan.”  Al-Dulaimi pointed out that


“the axes also focused on giving priority to leading projects through which it is possible to attract the largest possible number of investments, thus contributing to activating the role of these sectors in the gross domestic product and


providing an appropriate security, economic and political environment to attract foreign investments by giving sufficient guarantees.” to the owners of capital.”  He pointed out that


“the conference also witnessed the financial axis and the crisis of the Iraqi dinar exchange rate, which was the result of the scarcity of the dollar in the markets, and


it is not a problem of the decline in Iraq’s dollar reserves, but on the contrary, Iraq’s dollar reserves increase daily due to the rise in global oil prices until the reserve reached to (100) billion dollars.


He believes that the solution lies in addressing the scarcity of the dollar in the local market by addressing the root of the problem, which is the


remittances that constitute up to 85% of the currency sale auction, and


not relying on dealing with cash, which constitutes only 15% of the currency sale auction, and


returning to documentary credits that guarantee the bank’s control Central control of import operations with the


activation of the standardization and quality control system with the reduction of financial and administrative corruption in the border crossings.


The conference dealt with the accounting axis in order to ensure the real implementation of the functions of the general administration of the administrative institutions, as the administrative institutions need to improve internal control as a main content of the internal control of the administrative institutions. the public.




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