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Tishwash: Deputy is likely to hold a session Tuesday evening to vote on the budget

On Monday, a deputy from the Al-Hikma Parliamentary Bloc suggested that the Parliament would hold a session tomorrow evening, Tuesday, to vote on the General Budget Law, while he confirmed the presence of parliament members in Baghdad.

Deputy for wisdom, Ali Al-Badiri, told Shafaq News Agency, “Most of the parliament members from various political blocs are currently in the capital, Baghdad, awaiting a signal from the Parliament Presidency to hold the voting session on the General Budget Law for 2021.”

Al-Badiri added, “It is expected that the Parliament Presidency will set tomorrow evening, Tuesday, a date for the voting session on the General Budget Law,” noting that “the end of the first legislative term for the House of Representatives will be on Wednesday evening.”

Al-Badiri pointed out, “The absence of any political agreement is among the last to vote on the budget law.”   link

Tishwash:  Parliamentary Finance: The price of a barrel of oil was approved at $ 45 in the 2021 budget

The head of the Parliamentary Finance Committee, Haitham al-Jubouri, revealed, on Monday, the adoption of the price of a barrel of oil of 45 dollars in the 2021 budget, to raise revenues more than 5 trillion dinars.

Al-Jubouri said in a televised interview followed by Al-Eqtisad News, that “the committee did not deduct employees’ salaries, and that expenditures were reduced from 164 trillion dinars to 127 trillion, and we reduced the deficit to 19%.”

He added, “We have also increased the price of a barrel of oil in the budget from 42 dollars to 45 dollars, raising revenues more than 5 trillion dinars.”  link

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Tishwash:  Sairun: raising or lowering the exchange rate of the currency is the exclusive authority of the government

Member of Parliament for the Saeron Alliance, Riad Al-Masoudi, affirmed that “raising or lowering the currency exchange rate is the exclusive authority of the government according to the law and the constitution.”

Al-Masoudi said in a press statement by the Independent: “Articles 78 and 80 are clear about the government’s authority to manage the country, economic planning and financial policy, which are all exclusive to the executive authority.”

He added, “The raising or lowering of the currency rate is an exclusive prerogative and part of the government’s measures to reform the economy.”

Al-Masoudi explained: “The role of the House of Representatives is legislative, supervisory, and representative exclusively in accordance with Article 68 and its constitutional paragraphs.”

He pointed out: “The parliament’s role is in relation to collecting signatures, either issuing representative orders to form committees or issuing decisions on a specific issue, which are not binding and give the representative opinion of Parliament.”

It is noteworthy that the parliamentary signatures exceeded 100 signatures requesting the government to reconsider reducing the price of the local currency against foreign currencies.  link

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Tishwash:  The return of confidence in government and private banks will affect currency circulation and move the economic market in the country

The expert in economic affairs, Malaz Al-Amin, confirmed that the increase in the number of bank accounts in Iraqi banks, to exceed 4.8 million accounts, is an indication of the return of confidence between citizens and banks.

The secretary said in a statement to the Iraqi National Agency for Sons / NINA / that “the increase in the number of bank accounts in Iraqi banks, to exceed 4.8 million accounts, is an indication of the return of confidence between the citizen and the banks, in addition to the banks adopting a new policy of raising the interest rate for deposits, which encouraged citizens to deposit their money in Banks. ”

He pointed out that the salaries resettlement program adopted by ministries, departments and companies contributed to increasing the number of activated bank cards to more than 11.2 million cards.

He added that the return of confidence in governmental and private banks will be reflected in the circulation of the currency and the movement of the economic market in the country and may result in the citizens adopting the credit card in force in developed countries instead of the banknotes in dealing with and acquiring their needs.

He added that the recovery of work in banks and currency circulation will contribute to the entry of banks into investment projects as a partner, reviving the stalled projects and operating unemployed hands, which leads to the growth of the local economy.

Today, Saturday, the Iraqi Private Banks Association revealed that the number of bank accounts in Iraqi banks amounted to more than 4.8 million accounts, and that the number of activated bank cards is more than 11.2 million cards, the reason being attributed to the employee salaries resettlement program and the increase in the interest rate for fixed deposits.  link

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Tishwash:  Borrowing from the IMF is intended to link Iraq to the global capitalist system

Economic expert Nabil Al-Marsoumi affirmed: “The borrowing from the International Monetary Fund … is intended to link Iraq with the global capitalist system.”

He said in a statement to the Iraqi National News Agency / NINA /: “With all the indebtedness and internal and external borrowing fixed in the budget, the Ministry of Finance is conducting serious negotiations with the International Monetary Fund, in order to obtain urgent assistance of 6 billion dollars, which does not mean a loan, at a low interest rate. By 1%, with long terms. ”

Al-Marsoumi added, “The ministry is preparing for another loan of 4 billion dollars in exchange for implementing a specific program in the agenda of the International Monetary Fund to which the White Paper referred.”

He asked: “What are the reasons for the ministry’s great fondness for debt and indebtedness? Expressing his perception that the issue is intended to oblige Iraq to complete the fund’s procedures to privatize public projects, open foreign investment, cancel the ration card, liberalize prices, and link Iraq to the global capitalist system. link