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Tishwash:  The World Bank announces its support for reforming the Iraqi economy

The World Bank announced that it supports reforms to revive the Iraqi economy and solve its structural problems.

The representative of the World Bank mission in Iraq, Ramzi Noman, during a meeting with Chairman of the Committee of Finance Parliamentary, Haitham al – Jubouri, E n The World Bank supports the reform process to revive the Iraqi economy and solving structural problems, stressing at the same time , regained the bank to support investment and development in Iraq projects.

On the other hand, the head of the Parliamentary Finance Committee, Haitham Al-Jubouri, said that the Finance Committee had a big challenge in the budget represented in the huge deficit and tremendous growth in expenditures without actual reform measures, indicating that the committee included many reform measures and rearranging the budget formulation with an economic view that reduces Pressure on oil revenues by supporting non-oil resources such as border crossings, tax collection, and private sector support to stimulate the Iraqi economy .  link

Cutebwoy:  Al-Jubouri to the World Bank Mission: Many reform measures were included in the budget

Baghdad – Mawazine News,

Head of the Parliamentary Finance Committee, Haitham Al-Jubouri, discussed with the representative of the World Bank delegation in Iraq, Ramzi Numan, the draft of the 2021 budget bill.

A statement stated, “The Chairman of the Finance Committee, MP Haitham Al-Jubouri, received the representative of the World Bank mission in Iraq, Ramzi Numan, to discuss a draft Draft Federal Budget Law for 2021. ”

He added, “The meeting discussed the great challenges facing the Finance Committee, during its discussions of the draft budget in light of an unstable economic and financial situation, whether in Iraq or the world, imposed by the Corona pandemic.”

Al-Jubouri confirmed, according to the statement, that “the Finance Committee had a big challenge in the budget represented in the huge deficit and tremendous growth in expenditures without actual reform measures.” Oil revenues by supporting non-oil resources such as border crossings, collection and private sector support to stimulate the Iraqi economy. ”

For his part, Numan said: “The World Bank supports the reform process to revive the Iraqi economy and solve its structural problems,” stressing at the same time that the bank has restored to support investment and development projects in Iraq.

In another context, Speaker of Parliament Muhammad al-Halbousi chaired the thirty-fifth meeting of the Parliamentary Finance Committee, in which it continued its discussions on the draft federal budget bill for 2021.

A statement by the Media Department in the House of Representatives stated that the Speaker appreciated the efforts of the Finance Committee in its discussions to balance the current year and bear the burdens of the confusing financial and economic situation in the country.

He added, “Al-Halbousi presented a set of proposals and ideas that could be included in the draft law that would contribute to developing the agricultural sector, such as obliging the government to pay farmers’ dues and supporting this important segment in the country, and supporting the industrial sector and the private sector to create opportunities for unemployed youth.”

The statement indicated that “the Finance Committee included a text in the budget that includes the establishment of a special fund for petrodollars for oil and gas producing provinces to implement important projects and provide services at the level of all sectors.”

He continued, “The meeting discussed supporting the liberated governorates and providing adequate allocations to the fund for their reconstruction, as well as the need to support the stabilization program to enable the displaced to return to their homes voluntarily.” Ended 29 / A 87

Al-Jubouri to the World Bank Mission: Many reform measures were included in the budget

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Tishwash:  Erbil enters “last-minute” negotiations with Baghdad on the budget

Member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, on Sunday, that the Vice President of the Kurdistan Regional Government, Qubad Talabani, will arrive in the capital, Baghdad, today at noon, to conduct a final round of negotiations with Baghdad on the budget, indicating that in the event that no agreement is reached, the deputies of the region will boycott the session Vote.

Cougar said in a statement to “the information”, that “the vice president of the Kurdistan region, Qubad Talabani, will arrive this afternoon in Baghdad to enter into further negotiations with Baghdad in order to reach a solution that satisfies both parties.”

He added, “Talabani’s negotiations are the last round, and in the event that no agreement is reached, the region’s representatives will boycott the voting session, and the crisis between Baghdad and the region will remain.”

It is noteworthy that the region agreed to deliver 250 thousand barrels of Kurdistan’s oil to the government set forth in Articles 11 and 10 of the budget and related to the region’s share, but Baghdad will not respond and insist that the region hand over all of its oil and half of its other revenues.  link

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Tishwash:  A member of Parliamentary Finance confirms that discussion of about 40 articles of the draft budget law has ended

A member of the Parliamentary Finance Committee, Representative Shirwan Mirza, confirmed, on Sunday, that the committee has finished discussing about 40 articles of the draft budget law.

Mirza said in a press interview, that the committee will discuss during today’s meeting, amending the articles and paragraphs of the budget bill and preparing them for voting by the House of Representatives, indicating that the Finance Committee has finished discussing about 40 articles of the bill.

He noted that the draft budget law will be ready for a vote in the House of Representatives during the current week   link