TNT Thursday Afternoon

TNT:

Tishwash:  Imposing new taxes on citizens… and warnings of their effects

The high deficit in the budget prompted the Finance Committee to go towards taxation options, which deputies believe will have a negative impact on the living conditions of citizens, while others see it as a maximization of state revenues.

The matter was settled and the discussion about imposing taxes or not ended with the Finance Committee voting to collect the fees for sales of gasoline, black oil and gas in addition to the fees for foreign travel.

The options before the Finance Committee were limited, as it tried repeatedly to reduce the volume of expenditures and reduce the percentage of the budget deficit, but it ended up going towards voting on the imposed taxes, which will negatively affect the financial situation of the citizen, according to deputies.   link

Tishwash:  Saudi Arabia expresses a “strong” desire to expand investment and economic partnerships with Iraq

On Thursday, Saudi Minister of Transport, Saleh Al-Jasser, confirmed the endeavor to expand investment and economic partnerships with Iraq.

Al-Jasser mentioned, during his speech at the launch of the work of the Coordinating Council, that there is a “serious and strong desire” from the Saudi King and the Crown Prince to “expand investment and economic partnerships in all fields and enter Iraq strongly.”

He added, “They discussed strengthening international cooperation in the field of aviation security and the participation of the Iraqi side in the aviation security program in the Middle East, which was embraced by Saudi Arabia    link

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Tishwash:  Foreign Minister: The Third Baghdad Conference will focus on the economic relations of Iraq’s neighboring countries

Foreign Minister Fuad Hussein confirmed today, Thursday, that the Baghdad Conference, in its third edition, will focus on the economic relations of Iraq’s neighboring countries.

The ministry’s media office stated in a statement received by (Baghdad Today) that “Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein received a phone call from French Foreign Minister Catherine Cologne,” noting that “the two sides discussed improving bilateral relations in various fields, and ways to enhance consultation and coordination.” between Baghdad and Paris,” expressing his “thanks to the French government for its positions in support of Iraq in various fields.”

The statement indicated that “the two sides discussed the results of the visit of Prime Minister Muhammad Shia’ al-Sudani to Paris on 1/26/2023, and discussed the initial steps for preparations for the Baghdad Conference for Cooperation and Partnership in its third edition,” while the Foreign Minister confirmed that “the next Baghdad conference will focus on the economic relations of countries The Iraqi neighborhood and how to transform economic integration into integration in this field.

He pointed out, “In another axis, the two ministers discussed the strategic partnership agreement that was signed during the Prime Minister’s visit to Paris, and ways to start implementing it. The two sides also discussed developments in the regional situation and easing tensions between the countries of the region.”

For her part, the minister praised the “development of bilateral relations between the two countries,” appreciating “the work of the Ministry of Foreign Affairs in removing some obstacles in the way of the agreement between Total and the Iraqi government,” expressing her “happiness with this agreement, which leads to the strengthening of Iraqi-French relations, in addition to the work The aforementioned company, especially in the field of associated gas, will increase Iraqi revenues, but will also reduce the impact of environmental risks due to flaring of gas.   link

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CandyKisses:  Economist: The Central Bank and the government are working to end (dollarization)

Baghdad – Iraq Today:

Economist Nabil Jabbar al-Tamimi confirmed that the government and the Central Bank of Iraq are working to end the phenomenon of dollarization.

Al-Tamimi said in a press interview, “There is dealing in dollars in many transactions and things inside the country, not just cars, and this is completely unacceptable.”

“The paths of hard currency must be identified in certain files, which are imports only, so that it becomes a surplus in the dollar, because if dealing in dinars becomes, the citizen will not buy dollars from the market,” he stressed.

He pointed out that “stability must be supported for the Iraqi dinar, so that the purchase of cars is dealt with in dinars and the dollar is dispensed with, explaining that it is an important step and will enable the stability of the market, and was absent from the sight of successive governments.”

It is noteworthy that the government is trying to control the continued rise in the exchange rate of the dollar against the Iraqi dinar in the markets three months after its decision to officially raise the value of the Iraqi dinar at the rate of 1320 per dollar.

The Ministry of Interior recently banned traders and citizens from dealing in dollars in markets and shops, and limited transactions to Iraqi dinars.

Mot:  … Yeppers! – Been There – Done That!!

Mot: .. Raising the “”Wee Folks”” has its Perks fer sure! ~~~~