Wednesday, March 31, 2021

WOTS WED MAR 31 21

 WOTS WED MAR 31 21


These are the articles for the "My FX Buddies" podcast at: https://anchor.fm/dashboard/episode/eu0eg8


Iraqi Parliament votes on 2021 budget law

link

The House of Representatives voted wednesday night on the 2021 federal budget bill and the dissolution of the House on October 7.

The House of Representatives' Information Service said in a statement that the house voted on the bill in its entirety and raised its session to April 10, 2021.
In the first reaction to the budget approval, President Barham Saleh said in a tweet: "We bless the vote on the budget, we salute the hard work between the government and parliament, and we hope that it will meet the aspirations of our people for better living conditions. "We now have the right to implement to ensure the interests of citizens and the reconstruction of the country, to take the utmost measures to support low-income classes, provide employment opportunities for our young people and fight corruption," Saleh said.

The leader of the Sadrist movement, Muqtada al-Sadr, expressed his hopes that this budget will be out of reach of the corrupt and that there will be seriousness in implementing its provisions, especially the service projects that are being pursued.

The head of an Iraqi coalition, Ammar al-Hakim, praised the vote on the budget after a long wait and a difficult struggle, congratulating the Iraqi people on this important achievement.

See the moment they announced passing the vote


After months of controversy, the Iraqi parliament approves the 2021 budget after increasing it

link

The Iraqi parliament approved, on Wednesday, the draft general budget bill after months of obstruction due to controversial paragraphs that almost led to political conflicts, adding more complexity to the political scene in the country.

Parliament raised the size of the general budget for 2021 before its approval to more than 101 trillion Iraqi dinars, or about $ 69 billion, up from the government's estimate of 96 trillion Iraqi dinars.

Parliament has also raised operational expenditures, proposed by the government, to ninety trillion dinars, making the total deficit after accounting for other expenditures amounting to more than 28 trillion dinars, according to a copy of the draft budget published by the official Iraqi agency.

The government calculated the price of a barrel of oil on the basis of 42 dollars per barrel and an export rate of 3.25 million barrels per day, but Parliament calculated it at a price of up to 45 dollars, using the Iraqi currency in assessing the price of a barrel instead of the dollar, which ended a major political debate about the restoration of government support for the value of the dinar. Iraqi against the dollar.

With regard to the Kurdistan region of Iraq, the budget obliged the region to pay at least 250 thousand barrels per day of oil field production in the Iraqi region to the Iraqi government for export in exchange for paying the salaries of public employees in the region and settling the dues between the two sides "after being audited by the Office of Financial Supervision."

but ....

Finance Minister: The change in the dollar’s ​​exchange will continue for a long time, and this is his expectation of the flotation

link

The Minister of Finance, Ali Allawi, said that the change of the dollar’s ​​exchange rate will continue for a long time.

 

On the recent devaluation of the Iraqi dinar by the government and the Central Bank, Allawi said in a press statement that "negative expectations on commodity price levels were expected and what happened came less than expected, but it was a necessary step for years due to its importance in structuring the economy and reducing the bill to support the dinar," He explained, "The negative effects of the devaluation gradually fade away."

He added, "The current price of the Iraqi currency against the US dollar after reducing its value will continue for a long time, and a full float may occur in the future, but the central bank will now work to maintain the current exchange rate level for as long as possible."

It is noteworthy that the exchange rates of the US dollar in exchange offices and local markets in the capital, Baghdad, reach 1435 dinars for purchase, and 1445 dinars for sale.

It is noteworthy that the Central Bank of Iraq decided on 19 December to amend the exchange rate of the dollar as follows: 
1450 dinars per dollar is the purchase price of foreign currency from the Ministry of Finance.
1460 dinars per dollar the selling price of foreign currency to banks.
1470 dinars per dollar is the selling price of foreign currency to the public.
It is noteworthy that Prime Minister Mustafa Al-Kazemi said during the cabinet session held today, Tuesday, "We hope to stay away from auctions in the issue of the dollar exchange rate, as the decision was taken by the Central Bank according to a targeted vision and strategy, and we began to see the results on the growth of the monetary reserve, and on the classification of Iraq." Credit internationally. "
He added, "We look forward to speeding up the passage of the federal budget law, and the paragraphs it contains that address the needs of the poorest classes, and support service projects that affect the lives of citizens

Saleh blesses the approval of the budget and stresses the entitlement to implement it

link

Barham Salih,

we congratulate the vote on the budget, and we salute the tireless work between the government and parliament, and we hope that it meets the aspirations of our people for better living conditions.

In front of us now is the entitlement to implement in a way that guarantees the interests of citizens and rebuild the nation, and to take maximum measures to support low-income classes, provide job opportunities for our youth, and combat corruption.


The Daily "Word on the Street" WOTS is below:

The exchange rates of the dollar in the local markets on Wednesday (March 31, 2021), according to the monitoring of specialists.   

    

Baghdad - Al-Kifah Stock Exchange  

145,700  

....  

Price in exchange (approximate)  

145,000  

146,000  

  

Basra / Stock Exchange  

145,500  

  

Erbil / Bursa  

145,750  

  

Mosul / Stock Exchange  

145,750  


The Markets:
The Asian markets closed down NIK  by .86% HSI  by .70% SHANG down by .43%
The UK markets are currently trading in the red mostly from .09% to .29% the DAX is currently up by .02%
Our futures are currently trading mixed  DOW at 32894 down by .09% SNP at 3948.25  up  by .01% NDX at 12926.25 up  by .37%

Precious Metals:
Gold is green at 1686 Silver is red  at 24.10 Copper is green at 400 Platinum is geen at 1181 
Brent 63 WTI  60   Bitcoin: 54,907

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1460.0000  1465.0000 1457.5000 1457.5000 1457.5000  0.2000 00:24
 USD/VND  23074.0000  23076.0000 23057.5500 23053.6100 23053.6100  5.2100 00:24
 USD/CNY  6.5530  6.5550 6.5712 6.5523 6.5700  -0.0171 05:16
 USD/KWD  0.3019  0.3029 0.3020 0.3019 0.3020  -0.0001 05:11
 GBP/USD  1.3778  1.3779 1.3794 1.3716 1.3738  0.0040 05:16
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  0.0000 00:00
 USD/IDR  14582.0000  14582.0000 14603.0000 14527.0000 14548.0000  33.0000 05:16

Things in the News:

CREDIT SUISSE Girds for Billions in Losses...




Iraqi Articles:

Deputies began arriving in Parliament to attend the session to vote on the budget

link

On Wednesday, a number of members of the House of Representatives began arriving at the Parliament building to attend the voting session on the 2021 budget.  

   

The "People" correspondent (March 31, 2021) stated that a number of members of the House of Representatives began arriving at the Parliament building in order to attend the voting session on the 2021 Budget Law.  

  

And the Parliamentary Finance Committee revealed, on Wednesday, the possibility of approving a budget for a period of three years, while expressing its support for that.  

A member of the Parliamentary Finance Committee, Magda Al-Tamimi, told the official agency, and his follower, People (March 31, 2021), that “the government, according to the Financial Management Law, has the right to present a short-term budget for a period of three years, and the House of Representatives votes on it compulsory for the first year, and the Council of Ministers is also entitled To amend it at the request of the Ministries of Planning and Finance, as it is amended for the second and third years and submitted to the House of Representatives for approval and voting.    

Al-Tamimi added that "the Finance Committee supports the presentation of a budget for three years, as the delay that occurs in voting takes three or four months, which affects the overall economic activities and the lives of citizens," noting that "presenting the budget for three years reduces political disputes."    

  

On Wednesday, the Parliamentary State of Law bloc set the conditions for attending the voting session on the 2021 General Budget Law, while noting that the final version of the budget has not yet been distributed.  

The representative of the bloc, Kata Al-Rikabi, told the official agency, and "people" followed him (March 31, 2021), that "the state of law depends on its attendance to the voting session on the budget law by changing the exchange rate of the dollar and deleting the materials that have nothing to do with the budget, but were presented for the first time," referring to The influence of the poor and middle classes by changing the exchange rate and the impact it had on the rise in prices in the market with the approaching month of Ramadan.      

He added that "the final version of the budget law has not yet been distributed to members of the House of Representatives and has not seen the articles of the law and what paragraphs have been deleted and others have been added," stressing that "not to see the agreement of Article 11 of the Kurdistan region in addition to the need to include the entitlement of the lecturers with the lifting of the articles that have them." Related to the leveling of lands. "      

  

On Wednesday, the Al-Hikma Parliamentary Bloc confirmed that all its representatives attended the voting session on the 2021 General Budget Law.  

The representative of the bloc, Muhammad Abu Dharr, told the official agency, and "People" followed him (March 31, 2021), that "the representatives of the Al-Hikma parliamentary bloc will all attend the voting session on the budget law scheduled for this Wednesday noon."        

He added that "the political tensions in the recent period impeded the passage of the budget law," indicating that "the interactions revolved around the proposals related to external loans and the sale of state assets and other paragraphs."        

He pointed out that "there is seriousness and desire by the political blocs to vote on the 2021 budget."        

The parliamentary bloc of the Kurdistan Democratic Party announced today, Wednesday, that it will attend the budget-passing session.  

The representative of the bloc, Mahdi Abdul-Karim, told the official agency, and "People" followed him (March 31, 2021), that "the representatives of the bloc will attend the session of passing the budget scheduled to be held this afternoon."          

He added that "this came after what was agreed with the Finance Committee and all the political blocs to pass Article 11 and the share of the Kurdistan region."          

Parliament Speaker Muhammad al-Halbousi called, on Tuesday, for parliament members to attend tomorrow, to hold a voting session on the budget law, while indicating that the names of attendance and absence will be published on public opinion.  

The media office of the Speaker of Parliament said in a statement, which "People" received a copy of (March 30, 2021), that "Legislation of the Federal Budget Law for the fiscal year 2021 is one of the important steps, because of its prejudice to the interests of the citizen, and the paragraphs it bears that address his needs." Directly, as well as enabling the government to proceed with the implementation of its government program, and to support service projects that affect the daily life of the citizen. "            

According to the statement, Al-Halbousi added, "Therefore, we call upon the distinguished members of the House of Representatives to attend tomorrow, Wednesday, at 1 p.m., to hold the vote session on the budget law, which is long overdue, and we also note that the names of attendees and absences will be published on public opinion."            

Al-Halbousi indicated that "the agenda for tomorrow's session will include the presentation of the request submitted by the political forces, and the supporter of more than 172 deputies to vote on the dissolution of the Iraqi parliament in its fourth session, according to the provisions of Article 64 first of the Iraqi constitution."            

He pointed out that "this step comes in response to popular demands to hold early elections, and by this the House of Representatives will have completed all the requirements and practical steps for conducting early elections, including the formation of an independent commission of judges, legislating the House of Representatives election law, and voting on the First Amendment Law (Order No. 30). For the year 2005 AD) the Federal Supreme Court Law. 


"Finance" reveals a proposal to change the price of a barrel of oil from the dollar to the dinar

link

The parliamentary finance committee on Wednesday unveiled a proposal to change the price of a barrel of oil from the dollar to the Iraqi dinar in the 2021 federal budget law.

"There is a proposal to change the price of a barrel of oil in the budget law and it is calculated in Iraqi dinars instead of dollars, as in previous budgets," committee member Mohammed al-Resin told Shafq News.

"Changing the price of a barrel of oil does not hinder operational and investment expenditures by budgeting law, and that changes the price of a barrel of oil from 45 dollars to 65,000 Iraqi dinars," he said.

"This proposal is the best in accordance with the constitution to preserve the Iraqi currency," he said, adding that "the Ministry of Finance has confirmed that there is no technical impediment to changing the price of a barrel of oil from the dollar to the Iraqi dinar."

The House of Representatives failed to vote on the 2021 federal budget bill in a session sunday that lasted late at night.

The budget allocation is estimated at 130 trillion Iraqi dinars (about 89.6 billion dollars).

Iraq relies on oil sales revenues to finance about 95 percent of the state's expenditures, and is suffering from a severe financial crisis, as crude prices fall under pressure from the Corona pandemic.

Iraq is under great pressure under the worst economic crisis since 2003 and so far, with low oil prices and the outbreak of the Coronavirus.

 

Washington extends Iraq's exemption from sanctions on Iran for its energy imports

link

 

The United States agreed to extend Iraq's exemption from sanctions on Iran for its energy imports, for a period of four months, and the French Press Agency quoted an Iraqi official today, Wednesday.

The exemption is the first to be given under the Biden administration and for the longest period permitted by law, and it comes days before a "strategic dialogue" between the two countries.

Although Iraq is an oil country, it relies heavily on Iran in the field of energy, as it imports a third of its consumption needs of gas and electricity, due to its dilapidated infrastructure that makes it unable to achieve self-sufficiency to secure the requirements of its 40 million people.

The former US administration headed by Donald Trump withdrew from the nuclear deal with Iran and re-imposed sanctions at the end of 2018, which prevents many countries and international companies from dealing with the government or Iranian companies for fear of being affected by the sanctions. But Washington continued to grant Iraq exemptions until it found other suppliers, and the last exemption was in January for a period of three months.
Under the new exemption given by the Biden administration, Iraq will be able to continue importing electricity and gas from its eastern neighbor for four months, that is, from early April until early August, as the Iraqi official, who asked not to be named, explained. He pointed out that this exemption is the longest term among the previous exemptions, and it is the maximum allowed by US law.

It is clear that the Biden administration wants to extend a hand to the Iraqi government through this step, before a new "strategic dialogue" that is supposed to start on the seventh of April, while the government faces challenges represented by the great influence of armed factions loyal to Iran impeding their work, and before the summer A hot heat is expected in Iraq to witness popular protests against the backdrop of power cuts.

Baghdad must also resolve disputed points with Tehran, which is demanding it pay more than six billion dollars in arrears, which are bills owed by the Iraqi Ministry of Electricity, which US sanctions prevent from paying any dollar amount to Tehran.

But Western and Iraqi sources told the French Press Agency that Iraqi officials were given a green light by the United States to release the money owed to Iran in return for gas imports, amounting to two billion dollars, through a Swiss bank account.


CBI Update:  Just  a note:

They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is 
here.   

Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction For March 31st , 2021 total sales amount $ 3,767,738.   

including   $0. CASH 

ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today
Value Traded: not updated for today 

3-30-2021   Newshound Guru Breitling  You're gonna be taxed.  You're gonna get your asses kicked in taxes.  If you're not in a tax shelter with your currency you're definitely gonna get your asses kicked.  So you've been warned.  I'm telling you right now it's built into it... [NOTE:  Consult with your tax expert and advisors at the appropriate time so you make the right decisions for your particular circumstances.]

3-30-2021   Intel Guru Frank26  Question:   [What happens if in 4 to 6 months Iraq calls in all 3-zero notes, will we be forced to dump them in an exchange...?]  Yes.  When you bought your Iraqi dinars did you get the piece of paper that said that they were going to guarantee things for you?  No.  That's why it's a speculative investment.  You're under the program of the monetary reform of the CBI...all time frames will be given by the CBI to the citizens and they will be given to the rest of the world as well...

3-30-2021   Intel Guru MarkZ   [via PDK]  I have seen no bad news… [Did Iraq pass their budget?] I spoke with contacts on the ground in Iraq…. A minister said they are now “moment to moment” as they iron out the final details. They have agreed to the overall framework and it should be within days… Could be today…could be tomorrow…we are at the precipice... People are still in place for exchanges… [Are people still working at redemption centers?] Yes…they are in place with a skeleton crew…Keep in mind there is a tremendous amount of smoke and misinformation thrown at you...don’t be Chicken Little…stay calm.

3-30-2021   Newshound Guru Pimpy   It's better to watch what they do.   We already know that parliament is raising holy bajibas about the exchange rate.  We know there's huge demands in the political blocks. Do they have the power to get the exchange rate changed?  It's possible.  So we're keeping an eye on that...
 
3-30-2021  Newshound/Intel Guru Petra   ...Are we excited on where we are at???  ABSOLUTELY!!!  We do mine the articles for validation of accuracy and continued process towards the RI and there have been many for sure.  The key for everybody to understand is the need for DISCERNMENT as to what is real...and...the Dog and Pony show.  So accurate a metaphor for where we are right now as we await the CBI to make the change.  ...question: How many contrary articles have you seen in the last 7-10 days.  I would say..a lot!! ...we are most excited but...what the media is doing in Iraq because...just tells us they are looking for headlines while the real "minds and hearts" of Iraq are focused on getting to the end game of the RI for...Iraq. So, chin up...the game is definitely afoot and I am excited to see what the "near proximal" future has to show us as we await the CBI, AND ONLY, the CBI to make their move...

3-30-2021   Newshound Guru Breitling  Question:  [An old friend reached out to me today and said he has learned that the dinar is 1 U.S dollar in country...are you aware of any such exchange?]  NO.  And there never ever is going to be an in country revaluation.  It's never happened in the history of mankind.  How is that going to work?  ...it's ridiculous.  It's the dumbest things I've ever heard...

3-30-2021   Intel Guru MarkZ   [... I spoke with 2 bank managers at 2 major banks and both claimed they had no idea of ANY changes - QFS, New Currencies, Fed changes, RV, nothing.]  That is the official line from lower levels at banks….  I have talked to many people at big banks…some know this is happening…some do not.  Think about this…if you worked at a bank and knew this was happening…would you have your own currency? Banks would not have an employee left if it were common knowledge with the lower level employees. The elites never wanted the masses to know about this…the wealthy do not want to share first class air seats, expensive cars or exclusive restaurants with us…they do not want us to be wealthy also. The folks I know that are trained for redemption centers all have their own currency. They had to sign an agreement. They cannot exchange or get access to their funds until after the exchange process is complete.

3-30-2021   Newshound Guru MilitiaMan  ...The facts and information that is outside the hype does point conclusively to the reforms are coming to a head with an exchange rate change on the top of the list. The clarity that is out there in respect to the 2021 budget has been a dog a pony show be sure. They have to have the rate change ioo first...And no, they will not get into the private sector ioo with a program rate. ...I like where we are and we may see even more good news in the very short term. The first quarter is coming to a close in a couple of days...  


Catnip's Corner:
************
ARTICLE 1 (from PM Kadhimi's website; posted only on Arabic side, not on English side)

The Council of Ministers holds a regular session headed by the Prime Minister, Mr. Mustafa Al-Kazemi

The Prime Minister, Mr. Mustafa Al-Kazemi, chaired today, Tuesday, a regular session of the Council of Ministers, during which they discussed developments in the country, in addition to discussing the topics included in its agenda, where he issued a number of decisions and recommendations regarding them.

At the beginning of the session, Mr. Al-Kazemi referred to the great challenges facing the country due to the nature of the situation, and the need to join hands and unify efforts to overcome them.

His Excellency expressed his aspiration to accelerate the approval of the budget law, because of the paragraphs it contains that address the needs of the poorest classes, and support service projects that affect the life of the citizen.

The Prime Minister directed all ministries to make efforts to support the Ministry of Trade in order to distribute the ration card items to citizens, and not to give the opportunity to some merchants who are trying to exploit the citizens' needs, and affirmed that he also directed the Ministry of Interior and the National Security Agency to monitor the unreasonable rise in prices as a result. The greed of some merchants.

Mr. Al-Kazemi called on all ministries to work diligently to support reform decisions according to the strategy prepared for them, and to face pressures with patience and hard work.

According to the weekly context, the Minister of Health and Environment reviewed the developments of the work of the committee to strengthen government measures in the areas of prevention and control of health and awareness regarding limiting the spread of the Coronavirus, as well as the efforts of the Ministry and health departments in all governorates regarding vaccinating citizens with the Corona virus vaccine.

After extensive discussions of the topics included in its agenda, the Cabinet issued the following decisions:

First / Emphasizing on the Ministry of Finance to finance the Ministry of Health at an amount (8126820 dollars), which is related to the supply of the first dose of the Pfizer vaccine (an amount of 3002220 dollars, for the value of two dollars paid in advance for each dose in the agreement), in addition to an amount (5124600 dollars) for the value of 512460 A dose in the first meal of the agreement, according to the book of the Ministry of Health of the Ministry of Finance in number (on March 29, 2021).

Second: Approval of purchasing an additional quantity of the Pfizer vaccine.

Third / As a result of the steady increase in the number of infections with Coronavirus, and the urgent need for consultant doctors and specialists to fill the shortage in health institutions, the Minister of Health is authorized to contract with retirees from them for a monthly amount of (1) million dinars, for the urgent need for their services, provided that their work is done according to the need of health institutions.

Fourth / Due to the large number of inquiries received by the Ministry of Health regarding the mechanism of vaccination for Arab and foreign residents, including diplomats and workers in international organizations, companies and others, it was decided to include them in vaccination just like the Iraqis, taking into account the principle of reciprocity.

Fifth /
1- Providing the ministries and agencies not associated with a ministry and all governorates of the Central Bureau of Statistics at the Ministry of Planning, with the data on the employee number granting form as quickly as possible and within (one month of work) starting from the date of issuing this decision, and the head of the agency bears the responsibility after that.

2- Linking the salary payment system with the job numbers through the electronic payroll platform at a time specified by the Ministries of Finance and Planning.

Sixth / Approval of the recommendation of the Ministerial Energy Council (13 of 2021) regarding the renewal of the contracts for (IFMS) and (EPCM), the Majnoon Field Production and Development Authority, Basra Oil Company, as follows:
Approval of the renewal of two contracts for Integrated Field Management (IFMS), with the Chinese company (Anton) and the Engineering, Procurement and Construction Management (EPCM), with the American company (KBR), for a period of (two years + an optional year), starting from the effective date of the current contracts, with an exception Of the controls No. (9) attached to the instructions for implementing government contracts (2 of 2014), issued by the Ministry of Planning.

Seventh / Approval of the following:
Forming a committee headed by the Minister of Labor and Social Affairs and the Undersecretary of the Ministry of Labor and Social Affairs for Labor Affairs as a member and vice president, and membership of the deputy ministers of the ministries, finance, planning, oil, reconstruction, housing, municipalities, public works, health, transport, justice, water resources, agriculture, industry and minerals, Higher education and scientific research, youth and sports, electricity, immigration and the displaced, representatives of the Iraqi Federation of Industries and the General Federation of Trade Unions in Iraq.
- The aforementioned committee shall formulate the general policy for employment and vocational training and follow up the implementation of the decisions taken in its regard based on the provisions of Article 17 / First of Labor Law No. 37 of 2015, and the instructions of the Supreme Committee for Planning and Employment of Manpower 11 of 2017.

Eighth / Approval of granting the family of the artist (Muhammad Hussein Abd al-Rahim), who were born and residing in Iraq and Palestinians, Iraqi passport, while it was not possible to grant them Iraqi nationality, as this contradicts Article 6 Second of the Iraqi Nationality Law No. 26 of 2006.

Ninth / Approval of the referral of Mr. (Talib Asghar Dosa), Director General of the Department of Immigration Affairs at the Ministry of Immigration and Displacement to retirement according to his request, based on the provisions of Article (12 / Clause First) and (14 / Clause Second) of the Unified Pension Law No. (9 for the year) 2014) amended.

Tenth / Approving the referral of Mr. (Mahmoud Abdel-Jabbar Musa), Director General of the Department of Musical Arts at the Ministry of Culture, to retirement according to his request, based on the provisions of Articles (12 / First Item) and (14 / Clause Second) of the Unified Retirement Law No. (9 for the year) 2014) amended.

Media Office of the Prime Minister
March 30, 2021

*************
ARTICLE 2 (from Government of Iraq twitter account)


Cabinet Spokesperson: The government has directed that a working group be established to prepare for Iraq hosting the 25th Arabian Gulf Cup in Basra.

Cabinet Spokesperson: We continue to record high number of Covid-19 cases. This coincides with the arrival of the Coronavirus vaccines. We invite citizens to register to receive the vaccine. We need to increase awareness of the benefit and the effectiveness of the vaccines.

Cabinet Spokesperson: All agreements between Iraq and other countries, whether with Arab nations such as Jordan, Egypt, Saudi Arabia or with other countries such as China, are carried forward and implemented.

Cabinet Spokesperson: The @IraqiGovt pursues a policy of openness and cooperation with other countries and aims to make Iraq a meeting point and a bridge between nations.

Cabinet Spokesperson, the Minister of Culture @HassanNadhem, holds a press conference in Baghdad to brief the media on today’s Cabinet meeting and developments in Iraq.
*************
ARTICLE 3

Al-Halbousi directs the attendees to hold session to vote on the budget tomorrow

3-30-2021, 9:09
Baghdad - Mawazine News


Parliament Speaker Muhammad al-Halbousi confirmed, Tuesday, that legislating the budget is an important step, calling on all MPs to attend the voting session tomorrow, Wednesday

Al-Halbousi said in a statement received by Mawazine News, a copy of it, "Legislation of the Federal Budget Law for the fiscal year 2021 is one of the important steps, because it affects the interests of the citizen, and because of the paragraphs it bears that directly address his needs." To proceed with the implementation of its government program, and to support service projects that affect the daily life of the citizen. 

Al-Halbousi called upon the distinguished members of Parliament to "attend tomorrow, Wednesday, at 1 pm, to hold the long-awaited vote on the budget law," noting that "the names of attendees and absences will be presented to the public opinion." 

According to the Presidency of the Parliament, the agenda for tomorrow’s session will include the presentation of the request submitted by the political forces, which is supported by the signing of more than 172 deputies to vote on the dissolution of the Iraqi parliament in its fourth session, in accordance with the provisions of Article 64 first of the Iraqi constitution, and this step comes in response to popular demands for elections. It is early, and thus the parliament has fulfilled all the requirements and practical steps to conduct early elections, including the formation of an independent commission of judges, the legislation of the House of Representatives election law, and voting on the First Amendment Law (Order No. 30 of 2005) Federal Supreme Court Law.

*************
ARTICLE 4

Deputy for Saeron: We will achieve a quorum to pass the budget

10:01 - 30/03/2021


The deputy of the Alliance of Jawad Al-Mousawi confirmed today, Tuesday, work to achieve a quorum for the session to pass the draft federal budget law for 2021.

Moussawi said, "The members of the Going Alliance will attend the Parliament session to pass the budget tomorrow, Wednesday," pointing out that "the Egypt Alliance To attend the session and complete the quorum. "

He added, "In principle, most of the Kurdish and Sunni representatives, in addition to the Wisdom movement, have announced their desire to attend," indicating that "the majority of the quorum will be achieved by the blocks that will be present."

He pointed out that "many representatives from the rest of the blocs individually expressed their initial agreement to attend," explaining that "we will achieve a quorum, and we insist on staying in the parliament until the quorum is achieved and the budget is voted on."

*************
Posted by at No comments:
Subscribe to: Posts (Atom)