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Samson: Economist: The Silk Road connects Iraq with 70 countries from Southeast Asia to Europe

15:36 – 12/15/2020

The economic expert, Ahmed Saddam, confirmed, on Tuesday, that the Silk Road, if implemented, would link Iraq with 70 countries and international economic organizations and generate money for Iraq that is equal to the oil wealth.

Saddam told Al-Maalouma that “the Silk Road within the Faw port project is a vital and economic road that will be the corridor and the new destination for the world to transport goods.”

He added that “the road will link 70 countries and economic organizations to Iraq, starting from Southeast Asia and Central Asia, and passing through Europe,” noting that “Iraq will be through it the first economic corridor.”

The economic expert explained that “the financial returns that the Silk Road will generate makes it imperative for the government to speed up the completion of the road and provide the necessary funds for its completion,” noting that “the imports that will come to Iraq are equivalent to the oil wealth.”  LINK

Samson:  Parliamentary Finance: We will face serious consequences and a legal vacuum in the budget delay

12/15/2020 16:33:28

The Parliamentary Finance Committee warned of “serious consequences” due to the government’s delay in sending the draft federal budget bill for 2021 to the House of Representatives.

The Minister of Planning, Khaled Battal, revealed today that the budget was not included in the agenda of the cabinet session today, Tuesday, while likening the budget to “the patient,” as he described it. Regarding the consequences of the delay in approving the draft law, a member of the Finance Committee affirmed that “entering the country in a legal vacuum has serious consequences, as the federal government does not have any powers to pay several financial dues 12/1 for salaries and the operational budget,” indicating that “this leads to a halt.” All investment and strategic projects across the country.” 

A member of the Finance Committee, Sherwan Mirza, said in a press statement, “It is too late for the government to send the budget bill for next year as soon as possible to the Parliamentary Finance Committee.”

Mirza added, “The federal government was supposed to send the draft federal budget bill for the next year 2021 within a period not later than mid-October,” noting that “failure to send the bill and delaying its approval and with our entry into the new year will enter the country into a legal vacuum.”    LINK