WOTS WED APR 13 22 It drains Iraq’s wealth.” A leader in Badr talks about a project that America is imposing on the Al-Kazemi government.
This is the artwork I described
The Central Bank of Iraq: There is no such thing as (the Libyan dollar currency)
Today, Wednesday, the Central Bank confirmed the absence of the so-called (Libyan dollar currency), warning against taking legal measures for anyone who trades or promotes such counterfeit notes
A central bank statement, received by Alsumaria News, stated that "what is being circulated on social media in the presence of the Libyan dollar currency is no more than a scam and fraud using counterfeit currencies
The statement added, "The Central Bank reserves the right to take legal measures against anyone who trades or promotes such counterfeit papers, in coordination with the competent authorities
He pointed out that "the measures taken by the Central Bank in this regard aim to ensure the safety of the financial and banking sector in the world."Iraqand protecting the rights of citizens from fraud and fraud
”Central Bank of Iraq On 7/26/2020, he had warned of fraud and fraud that the weak-minded might practice in this field
Parliamentary Finance: The draft food security law will be merged with the budget if this happens
Today, Wednesday, the Parliamentary Finance Committee revealed new details .related to the draft food security law that the government had previously sent
Committee member Muhammad Nouri said in an interview with (Baghdad Today) that "the food security bill is important, and efforts are in place to pass it within the .next two weeks He added, "We are waiting for its approval, and if it proceeds before the budget arrives, the amounts allocated to some ministries to which I have passed food security allocations will be deleted. But if the budget law arrives these days, the provisions of the law can be combined with one law for the purpose of passing it as ".a budget law And he indicated that "the draft food security law will not be a substitute for the budget, and it has not been withdrawn because it is important and necessary to pass ".its paragraphs
Headed by the Minister of Foreign Affairs, a high-level government delegation heads to Tehran
Today, Wednesday, Foreign Minister Fouad Hussein headed to Tehran, at the head of a high-level delegation, to discuss bilateral relations between the two countries
|The ministry spokesman said,Ahmed Al-SahhafIn a statement received by Alsumaria News, "The Minister of Foreign AffairsFouad HusseinGo toTehranAt the head of a high-level delegation, which includes National Security Adviser Qassem al-Araji, and some security leaders, to the Islamic Republic of Iran
He added, "The visit comes within the framework of discussing bilateral, regional and international relations between the two countriesBaghdadAndTehran
The Presidency of Parliament receives requests for three important laws
Today, Wednesday, the representative of the Al-Fateh Alliance, Muhammad Karim Al-Baldawi, identified the important laws that must be approved by the House of Representatives, while he indicated that the Presidency of Parliament had received requests regarding them.
Al-Baldawi said, in a statement to the official agency, received by (Al-Oula News): “A set of laws were drawn up and we submitted requests in this regard to the Presidency of the House of Representatives for discussion and approval, including the Sovereign Fund Law, the Law of the Reconstruction of Iraq, the General Statistics and Population Law, and laws related to ministries and security services, as well as laws With regard to the needs of the citizen, in addition to what the government will send.”
He added, "There is a great delay in approving and reading laws, so we need the parliament sessions to continue, in addition to the need for the government to present the federal general budget law for the Republic of Iraq, and expedite the formation of a new government," stressing "the need to pay attention to the legislative aspect.
Iraq after liberation
Between complex drama and satirical comedy, nineteen years of Iraqi life were lost in a political game that was abused by politicians or those who claim to be among its people, and with them were lost lives, cities, money and a country that generations were bowing to. Lying and evasiveness, and the politician is still mastering the use of simple slogans that he practices intelligently and in an amazing way that suggests to you that he believes in his cause.
For two generations and we have been under political rule, the slogan of change, reform and democracy has been raised, which is mentally and realistically associated with us with destruction, corruption and terrorism, and with political faces written on which we are the people of destruction.
We pushed The cost of the ruling raised the slogan of religion and did not make them think about future generations, and the best thing that could be carried on the agenda of his calculations is the upcoming elections.
We took our steps back towards hundreds of light years, we are no longer a people of trade, but our trade is with the lives of our dear parents, and we no longer own our industry because we are good at making illusion, and our agriculture retreated to the path of thorns in a barren desert, and we promised the future youth to pass through it
In the document.. the return of banking companies in Kirkuk to the currency sale window
The banking companies in Kirkuk have returned to the window for buying and selling currency.
According to a document issued by the Central Bank, and obtained by Earth News, today, Wednesday, “Based on central directives, you must submit requests to our branch indicating your desire to resume activity in the dollar currency (the window for buying and selling foreign currency) as soon as possible
Iraq announces contracts with international companies to implement road projects
Adviser to the Prime Minister for Reconstruction and Housing Affairs, Sabah Abdul Latif, announced, on Wednesday, the contract with international companies to complete road projects, while stressing that the Prime Minister issued directives regarding the Hawally Road and the entrances to Baghdad.
Abdul Latif told the Islamic News Agency, "There are important projects, which are the Hawally Ring Road in Baghdad, which will solve a large percentage of traffic problems, in addition to a number of bridges and the five entrances to Baghdad."
He added, "Prime Minister Mustafa Al-Kazemi emphasized in his directives that the implementing companies should be foreign, sober and have great experience," noting that "a number of companies were contracted 3 weeks ago."
The Prime Minister's Adviser for Construction and Services, Sabah Mashtaat, confirmed, earlier, that the ring road will reduce the momentum from Baghdad by 40%, while referring to the formation of a committee headed by an advisor from the Prime Minister's Office to follow up on the implementation of the project.
Law: The Baghdad And Erbil Meeting On Oil And Gas Circumvent The Federal Decision
Representative of the State of Law coalition, Jassem al-Moussawi, considered, on Wednesday, the meeting of the central government with the Kurdistan region to discuss the oil and gas law, as an attempt to circumvent the decisions of the Federal Court for the continued theft of oil wealth, while stressing that the attempts of the region and the center will fail miserably.
Al-Moussawi said in an interview with the "Information" agency, "The Federal Court's decision regarding the oil and gas law in the Kurdistan region has been decided upon, and the central government or the Federal Ministry of Oil cannot discuss the decision with the regional government," noting that "the center will bear the responsibility for implementing the law and not procrastinating or procrastinating." in it".
He added, "The federal decision regarding the region's oil was unable to be implemented by the political blocs," stressing that "the law was passed and we must arm ourselves with it and defend our rights and the wealth of our people."
The representative of the State of Law coalition explained that "the central and regional governments are trying to circumvent the decision of the Federal Court to continue stealing wealth with suspicious agreements, but these attempts will fail, especially since the oversight role has become more powerful, considering the current parliamentary session is stronger than its predecessors."
Al-Moussawi stressed, “The country’s wealth was not categorized by such laws, and after this decision there will be other laws to protect Iraq and its wealth from smuggling and loss,” noting that “we will raise the issue of oil and gas as a violation of the constitution and fail all attempts and agreements that try to override the country’s wealth.” and the rights of the people.”
The Federal Ministry of Oil had held, earlier, a meeting with a delegation from the Kurdistan region that includes a number of officials in the government and the Ministry of Natural Resources, including three officials with the rank of minister, to discuss the implications of the Federal Court’s decision regarding the oil and gas law in Kurdistan
Iraq without a president or government .. What is the parliament's ability to pass the budget during the current year
Among the crises that Iraq suffers from, is the crisis of not approving the country's budget for 2022, and the crisis of forming a government, which .has reached the stage of political impasse Although we are now in the month of April of this year, Iraq is without a budget, and only 7 months remain for this year. Can Parliament approve ?the budget for the current year One of the answers, is provided by the economist Dargham Muhammad Ali, .who ruled out the ability of Parliament to legislate this year Muhammad Ali told (Baghdad Today) news agency that "it is unlikely to approve a budget for the current year because of the many factors that ".prevent this He added, "We are in the fourth month of 2022, and the budget has not been approved. The matter requires the formation of a new government that writes a draft budget law, and sends it to the House of Representatives, which discusses and amends it, and then sends it to the ".government He continued, "There is not enough time to pass it this year," adding, "It could be approved in the last quarter of the year or the beginning of next ".year In the same context, the head of the State Forces Alliance bloc, MP Faleh Al-Sari, warned of the danger of the political crisis’s reflection on the delay .in approving the country’s general budget for the current year 2022
Al-Sari, in an official letter addressed to the Speaker of Parliament, warned of the danger of the political crisis reversing the delay in approving the general budget for 2022 due to the complexities of naming the President of .the Republic and forming the government And he demanded the parliament's presidency "to issue a legislative decision obligating the government to send the budget for the purpose of ".starting the procedures for approving it in the service of the Iraqi people At the end of March 2021, the House of Representatives approved the country’s general budget bill for the same year, after about 4 months of .disruption with a financial volume equivalent to about 69 billion dollars For his part, the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, announced today, Tuesday, that the House will vote to authorize the caretaker government headed by Prime Minister Mustafa Al- .Kazemi to send the draft budget law for the year 2022 This came during today’s presidency, a meeting held by the Parliamentary Finance Committee, In the presence of its Chairman, Hassan Al-Kaabi, and all of its members, to discuss the provisions of the "Emergency Support for Food Security and Development" law, according to a statement issued by .the Council The statement quoted Al-Zamili as saying: This law will not be a substitute for the budget, and it came to a certain stage with the aim of addressing .the most prominent emergency cases and issues of the country
He pointed out that the Council will vote on authorizing the caretaker government to send the draft budget law for the current year, as well as important laws that touch the need of citizens to the House of Representatives, calling on the Finance Committee to provide the Presidency of the Council with the final version of the bill after the necessary amendments have matured, to be included in the Agenda for the .nearest session for voting as well The Chairman and members of the Finance Committee reviewed the most prominent provisions of the draft law and the meetings during which the executive bodies related to the law were hosted to study the necessary notes and the possibility of including them, while they confirmed that the law had reached its final necessary stages, in preparation for its approval .during the next few period Iraq relies on about 90% of crude oil sales to support the national income, offset by the almost complete absence of national and local industries, and the failure of many investment projects that, if completed, would contribute .to alleviating pressure on its rentier economy In the 2021 budget, the government calculated the oil price on the basis of $42 per barrel and an export rate of 3.25 million barrels per day, but .Parliament calculated it at a price of up to $45 And global oil prices have risen significantly since late last year, with a continuation of the escalation, with the price of a barrel exceeding the $120 barrier, the reasons for which are attributed to the return of the global
economic movement after a stumble of nearly two years due to the repercussions of the Corona closure and what followed later in the current developments in Eastern Europe with the start of the Russian war. in .Ukraine Despite this financial abundance, Iraq is still stumbling in including these numbers and approving them in the 2022 budget, which threatens the disruption of many projects and the delay in the economic life cycle in the .country due to that delay
The contribution of oil to the Iraqi budget rises to 94%
The Ministry of Finance issued the Iraqi state accounts for the month of last January for the fiscal year 2022, which indicated a decline in the contribution of the non-oil sectors to 6%, while an economic expert attributed this to the rise in global oil prices.
Shafak News Agency followed the data and tables issued by the Ministry of Finance in the current month of April for the accounts of last January, which showed that oil is the main resource for Iraq's general budget, as it rose by 5.62% from last December, bringing the contribution of oil to the general budget to 94%, after it was 89 % in the month of December, which indicates that the rentier economic system is the basis in its general budget.
Through the financial tables, it is indicated that the total oil revenues for the month of January amounted to 10 trillion and 899 billion and 415 million and 915 thousand and 534 dinars, which represents 94% of the total revenues, while the total non-oil revenues amounted to 695 billion and 872 million and 729 thousand and 30 dinars. 6% of the total revenues, while the total oil and non-oil revenues amounted to 11 trillion and 595 billion and 288 million and 644 thousand and 554 dinars, which is 144% higher than the same period last year 2021, which amounted to 4 trillion and 744 billion dinars as a result of high oil prices.
According to the finance report, the non-oil revenues for the month of last January came from the current revenues represented by oil revenues and mineral wealth, amounting to 10 trillion, 853 billion and 496 million and 795 thousand and 32 dinars, and it came from taxes on income and wealth at 41 billion and 18 million and 559 thousand and 210 dinars. And it also came from commodity taxes and production fees at 63 billion and 996 million and 115 thousand and 583 dinars. It also came from fees that amounted to 102 billion and 631 million and 746 thousand and 567 dinars and from the share of public sector profits of 46 billion and 57 million and 257 thousand and 389 dinars and from transfer revenues that amounted to 387 billion and 244 million and 110 thousand and 958 dinars and from other revenues of 95 billion and 908 million and 666 thousand and 186 dinars.
It also came from capital revenues, which amounted to 4 billion and 935 million and 393 thousand and 6280 dinars.
For his part, the economic expert, Hilal Al-Tahan, considered in an interview with Shafaq News that "the rise in global oil prices was behind the increase in the proportion of oil's contribution to the federal budget at the expense of non-oil revenues during the month of January," noting that "this rise does not mean a decline in non-oil revenues. its contribution to the budget.
He added, "The non-oil revenues remain unchanged, the main reason behind the decrease in their percentage in the budget compared to the rise in oil prices, whose rise exceeded more than 50% compared to what was recorded in the same period last year."
He pointed out that "the process of shifting from the rentier economy needs a complete development of the Iraqi economy through operating the production process in Iraq and developing the backbone of the economy from agriculture and industry, which is still underdeveloped and its low contribution, which does not contribute more than 2 to 4 percent of the gross domestic product," adding that "Iraq still depends in the provision of goods and merchandise on the foreign importer, at a rate of more than 90 percent."
The Prime Minister's Adviser for Financial Affairs, Mazhar Muhammad Salih, had confirmed in March 2021 in an interview with Shafaq News Agency that the reasons for the economy remaining rentier are due to wars and the imposition of siege during the past era and the political conflicts we are witnessing today, which led to the dispersal of economic resources.
He pointed out that "development, stability, diversification of the economy, and the transition from the rentier economy require political stability and stable institutions, which is what the state has missed over the years."
The state’s continued dependence on oil as the only source of the general budget makes the country at risk from global crises that occur from time to time due to the impact of oil on it, which makes Iraq tend every time to cover the deficit by borrowing from abroad or inside, which thus indicates the inability to manage funds The state effectively, and the inability to find alternative financing solutions.
Masrour Barzani: We want a fundamental solution to the outstanding problems with the federal government, and we will not give up our rights
The President of the Kurdistan Regional Government, Masrour Barzani, called today, Wednesday, for radical solutions to the outstanding problems with the federal government, indicating that the region will not give up its constitutional rights under any pressure.
A statement by the Kurdistan Presidency and received by Earth News said that Barzani received US Deputy Assistant Secretary of State Joey Hood, and during the meeting, they discussed the general situation and the political process in Iraq, in addition to discussing efforts to form the new government and strengthening relations between the Kurdistan Region and the United States.
The US Deputy Assistant Secretary of State indicated that "the Kurdistan Region is an important partner for America in the region, indicating that his country will continue to support the Kurdistan Region within the framework of a federal Iraq."
The prime minister reiterated that "the Kurdistan region wants a fundamental solution to the outstanding problems with the federal government on the basis of the constitution, and will not give up its constitutional rights under any pressure.
An Expert Clarifies The Legal Frameworks For Authorizing The Caretaker Government To Send The Budget
Legal expert Abbas Al-Jubouri revealed, on Wednesday, the legal and constitutional frameworks for authorizing the caretaker government to send the financial budget law by the Presidency of the House of Representatives, while stressing that the Presidency of Parliament is trying to pass new laws outside the constitutional instructions.
Al-Jubouri told "Information", "The talk of the First Deputy Speaker of Parliament, Hakim Al-Zamili, about the possibility of authorizing the caretaker government to send the budget law and vote on it by members of the House of Representatives is a decision outside the constitutional and legal covenants."
He added that "the term caretaker government does not exist in any article, whether it is in the constitution or the law," noting that "the constitutional period in which the caretaker government continues does not exceed one month, when the elections are held, after which the speaker and his two deputies are chosen, and then the president of the republic is chosen. and government formation.
The legal expert explained that “the current government does not have the right to make strategic decisions, approve budgets, sign treaties, and proceed with any external project and international agreements,” stressing that “whoever breached the constitution for nearly six months in forming a government, he can do whatever he wants in the constitution and laws.”
Al-Jubouri indicated that "the Presidency of the House of Representatives is trying to pass new laws and articles that are far from the constitution and Iraqi law."
The First Deputy Speaker of the House of Representatives, Hakim al-Zamili, had confirmed, earlier, that we would vote to authorize the caretaker government to send the budget law to the Council
Al-Zamili: Parliament will vote on authorizing the caretaker government to send the budget
The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, confirmed, on Tuesday, that the House of Representatives will vote to authorize the caretaker government to send the budget law.
Al-Zamili's media office said in a statement, "The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, chaired a meeting held by the Parliamentary Finance Committee, in the presence of its Chairman, Hassan Al-Kaabi and all its members, to discuss the provisions of the emergency support law for food security and development."
Al-Zamili stressed that "this law will not be a substitute for the budget, and it came for a certain stage with the aim of addressing the most prominent emergency cases and issues for the country," noting that "the council will vote on authorizing the caretaker government to send the budget bill for the current year, as well as important laws that touch the needs of citizens. to Parliament.
Al-Zamili called on the Finance Committee to provide the Presidency of the Council with the final version of the draft law after the necessary amendments have matured, to be included on the agenda of the nearest session to vote on it as well.
The session will not be held.. the rule of law invites Al-Sadr and reveals the number of coordination deputies with a big boom - Urgent
The coordination framework, which brings together the Shiite political forces, revealed today, Tuesday, the existence of a real dialogue aimed at forming the "most .numerous bloc" in the Iraqi parliament, during the next stage
The leader in the framework, MP Muhammad Al-Sihoud, told (Baghdad Today) that "the guarantor third is currently in a very comfortable and reassuring situation, after the number of its seats exceeded 140, and the number of deputies of the Triple Alliance decreased to less than 180, and that is why the presidential election session will not be held due to lack of the existence of a quorum, which is provided by the ."participation of one-third of the guarantor
Chihod stated that "there is no alternative to getting out of the crisis other than the dialogue between the coordination framework and the Sadrist bloc, leading to the formation of the most numerous parliamentary bloc, and for this there is a real dialogue between the coordination framework and the Sadrist bloc, to form the most ".numerous parliamentary bloc and end the political blockage
About two weeks after the "Forty" initiative, the framework officially responds to the chest
The coordination framework met on Monday evening and discussed the political situation and the delay in forming the government.
A statement after the meeting said that this delay is not in the interest of the Iraqi citizen, who aspires to improve his economic situation and obtain adequate services. The framework confirms that it is very keen to cooperate with other political forces, especially within the largest component to achieve the interests of the country, and that without cooperation and putting each other's hands and cooperation on righteousness and piety, the interests of the people will not be achieved.
Referring to al-Sadr’s initiative, the framework statement said that he did not seek and did not seek unilateralism in power and did not work to alienate others, but was keen to cooperate with them, and therefore the framework is not concerned at all with setting time limits that will result only in prolonging the political blockage and disrupting people’s interests and trying with all his effort To reach realistic understandings with other political forces away from exclusivity or exclusion and based on not making the largest component the smallest and weakest components.
The coordination framework meeting, according to the statement, also touched upon what it described as the current government’s abuse of its powers as a caretaker government in the field of ill-considered contracting that leads to the squandering of wealth or class appointments, and called on the judicial authorities to prevent the government from encroaching on the laws and instructions in force.
The leader of the Sadrist movement, Muqtada al-Sadr, had set on March 31, a deadline of forty per day on what is known as the blocking third consisting of the coordination framework and allied deputies, to form a government independent of the Sadrist bloc.
Al-Sadr’s position came after the Iraqi parliament failed for the third time in a row to hold a session to elect a new president for the country due to the intensification of the dispute between the Triple Alliance (the Sadrist bloc, the Kurdistan Democratic Party, the Alliance of Sovereignty), and the coordinating framework that includes Shiite political forces.
The election of the President of the Republic requires a quorum in which the presence of representatives constitutes two-thirds of their number, that is, more than 220 deputies out of 329, which was not achieved due to the boycott of the coordination framework that represents prominent Shiite parties, such as the State of Law bloc and the Al-Fateh Alliance, the umbrella under which the loyalist popular mobilization factions fall under. for Iran.
The framework: We are not interested in setting time limits that will only result in obstruction and disruption of people's interests
The coordinating framework issued a statement on the government's abuse of its powers, while .the judiciary called on the government to prevent the government from transgressing the laws The framework said in a statement received by the obelisk, that "he met yesterday evening, Monday, and discussed the political situation, the obstruction in the political process and the delay in forming the government, which is not in ".the interest of the Iraqi citizen, who aspires to improve economic conditions and obtain adequate services He stressed, "He is very keen to cooperate with other political forces, especially within the larger component to achieve the country's interests, and that without cooperation, putting each other's hands and cooperating on righteousness and piety, people's interests will not be achieved. Also, the framework did not seek and did not ask for unilateralism in power and did not work to banish people's interests." He was keen to cooperate with them, noting that “the framework is absolutely not concerned with setting time limits that will only result in prolonging the political .blockage and disrupting people’s interests. The largest is the smallest and weakest component The meeting touched upon the current government's abuses of its powers as a caretaker government in the field of illconsidered contracting, which leads to the squandering of wealth or group appointments, and called on the judicial .authorities to prevent the government from violating the laws and instructions in force
The statement continued, "The framework studies the dangerous, suspicious attempts to spread perverted and poisonous ideas, attacks on people's beliefs, and incitement to societal peace by groups motivated to stir up ".sectarianism that our people have buried with their sacrifices and unity
Increasing calls to dissolve Parliament... and the tripartite alliance may present Al-Kazemi's name as a settlement solution after the deadline
There have been calls on the Iraqi political scene to dissolve Parliament due to the current situation and the ongoing conflict between the winning forces in the elections over the formation of the new government. And looming political parties that the dissolution of Parliament may be the best option to get out of the crisis that prevents the formation of the government.
On the other hand, there is talk inside the political corridors that the current Prime Minister Mustafa Al-Kazemi is the expected and best option to continue to lead the government until the next elections.
According to high-ranking political sources, the Sadrist movement and the parties allied with it, such as the Kurdistan Democratic Party and the "Sovereignty Alliance" may put forward Al-Kazemi's name as a settlement solution after the deadline given by Al-Sadr to the "coordinating framework" to form the government has passed.
The Supreme Judicial Council had expressed its opinion on the issue of dissolving the House of Representatives last February.
He stated that the treatment of political problems is carried out in accordance with the constitutional provisions, and no party, whether judicial or otherwise, may impose a solution to the political blockage except in accordance with the provisions of the Constitution, stressing that the mechanisms for dissolving Parliament are restricted by the text of Article 64 of the Constitution. The leader of the "Sovereignty Alliance" Mishaan al-Jubouri said: The option of dissolving the House of Representatives exists in light of the political impasse in the country and the failure to form the federal government, despite the passage of several months since the early legislative elections.
Al-Jubouri said in a tweet on Twitter: "We are aware of the great burdens that will be imposed on the Electoral Commission and the entire state if Parliament votes to dissolve itself and call for new elections."
He added, "Our talk about it is not a maneuver or a vacuum, but it is the inevitable option if the political impasse continues." The Kurdistan Democratic Party considered the calls to dissolve parliament as "premature." A member of the Kurdistan Democratic Party, Dilshad Shaaban, said: "The dissolution of parliament is still early, despite the state of political impasse we are living in at the present time, in light of the failure to reach agreements on forming the next government."
He added, "It is logical at the present time to open the door to negotiations with the aim of reaching a solution that will get us out of the crisis, and to make the other party concessions in the national interest," noting that the dissolution of Parliament will harm the Iraqi people.
It drains Iraq’s wealth.” A leader in Badr talks about a project that America is imposing on the Al-Kazemi government.
The leader of the Badr Organization, Mueen Al-Kazemi, revealed today, Tuesday, a project that America seeks to impose on the current government, while indicating that it drains Iraq's wealth.
Al-Kazemi said, in a statement to Earth News, that “the insistence on extending the Basra oil pipeline to the port of Aqaba in Jordan and from there to Egypt and Israel, which is called the New Sham Project, is planned by America and imposed on the Al-Kazemi government (the caretaker) to drain Iraq’s wealth at the lowest price.” .
He added, "The project is funded by Iraq amounting to $18 billion to solve the economic crisis in Egypt, Jordan and Israel at the expense of the future of Iraqis."
Al-Kazemi described this project as “manipulating the fate of the country and a major betrayal of its interests,” calling on “loyal patriots to stand in the face of this suspicious detour and abort the starvation plot that wants to deprive Iraq of taking its natural role in the region.”
He pointed out that the project "is the main axis of the Silk Road, which Saudi Arabia and the UAE are competing today to dominate and deprive Iraq of its wealth for the benefit of others.
Government clarification on the mechanism of action of the Chinese agreement
Today, Tuesday, the Economic Adviser to the Prime Minister, Mazhar Muhammad Salih, issued a clarification regarding the working mechanism of the Chinese .agreement Saleh said in a statement to (Baghdad Today) that "the agreement is still operational and is in two parts, the first is for daily oil sales revenues of about 100,000 barrels, and the accumulated money is deposited in an investment account in exchange for collecting bank interest, and the disbursement from this account is done on projects that depended on building a thousand.
A school and an airport in Nasiriyah, the recycling of power stations as a first stage, as well as the initiation of service projects that concern the lives of citizens, undertaken by Chinese construction and .construction companies
He added, "The second part depends on collecting loans from Chinese banks to implement upcoming projects in Iraq, and they will spend on the construction of ".income-generating projects, and work continues on preparing for them ".He stressed that "the issue is related to the legislation of the 2022 budget
Below here is the WOTS report for April 13 2022, the Word on the Street Report:
Wednesday, the dollar exchange rates witnessed a relative decrease in the Iraqi local markets, as shown below:
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1438.6000 |  1494.1000 | 1457.8000 | 1457.7000 | 1457.7000 | -0.8000 | 11:36 |
| USD/VND | 22887.0000 | 22890.0000 | 22875.5100 | 22862.4000 | 22862.4000 | 15.4000 | 04:03 |
| USD/CNY |  6.3662 | 6.3682 | 6.3696 | 6.3631 | 6.3644 | 0.0011 | 05:16 |
| USD/KWD | 0.3046 | 0.3056 | 0.3048 | 0.3047 | 0.3048 | -0.0001 | 05:00 |
| GBP/USD | 1.3007 | 1.3007 | 1.3025 | 1.2973 | 1.2999 | 0.0006 | 05:22 |
| USD/IRR | 42000.0000 | 42600.0000 | 42332.1000 | 42308.4000 | 42332.1000 | 29.9000 | 11:33 |
| USD/IDR | 14362.0000 | 14362.0000 | 14369.0000 | 14340.0000 | 14362.0000 | 0.0000 | 05:21 |
The contribution of oil to the Iraqi budget rises to 94%
The Ministry of Finance issued the Iraqi state accounts for the month of last January for the fiscal year 2022, which indicated a decline in the contribution of the non-oil sectors to 6%, while an economic expert attributed this to the rise in global oil prices.
Shafak News Agency followed the data and tables issued by the Ministry of Finance in the current month of April for the accounts of last January, which showed that oil is the main resource for Iraq's general budget, as it rose by 5.62% from last December, bringing the contribution of oil to the general budget to 94%, after it was 89 % in the month of December, which indicates that the rentier economic system is the basis in its general budget.
Through the financial tables, it is indicated that the total oil revenues for the month of January amounted to 10 trillion and 899 billion and 415 million and 915 thousand and 534 dinars, which represents 94% of the total revenues, while the total non-oil revenues amounted to 695 billion and 872 million and 729 thousand and 30 dinars. 6% of the total revenues, while the total oil and non-oil revenues amounted to 11 trillion and 595 billion and 288 million and 644 thousand and 554 dinars, which is 144% higher than the same period last year 2021, which amounted to 4 trillion and 744 billion dinars as a result of high oil prices.
According to the finance report, the non-oil revenues for the month of last January came from the current revenues represented by oil revenues and mineral wealth, amounting to 10 trillion, 853 billion and 496 million and 795 thousand and 32 dinars, and it came from taxes on income and wealth at 41 billion and 18 million and 559 thousand and 210 dinars. And it also came from commodity taxes and production fees at 63 billion and 996 million and 115 thousand and 583 dinars. It also came from fees that amounted to 102 billion and 631 million and 746 thousand and 567 dinars and from the share of public sector profits of 46 billion and 57 million and 257 thousand and 389 dinars and from transfer revenues that amounted to 387 billion and 244 million and 110 thousand and 958 dinars and from other revenues of 95 billion and 908 million and 666 thousand and 186 dinars.
It also came from capital revenues, which amounted to 4 billion and 935 million and 393 thousand and 6280 dinars.
For his part, the economic expert, Hilal Al-Tahan, considered in an interview with Shafaq News that "the rise in global oil prices was behind the increase in the proportion of oil's contribution to the federal budget at the expense of non-oil revenues during the month of January," noting that "this rise does not mean a decline in non-oil revenues. its contribution to the budget.
He added, "The non-oil revenues remain unchanged, the main reason behind the decrease in their percentage in the budget compared to the rise in oil prices, whose rise exceeded more than 50% compared to what was recorded in the same period last year."
He pointed out that "the process of shifting from the rentier economy needs a complete development of the Iraqi economy through operating the production process in Iraq and developing the backbone of the economy from agriculture and industry, which is still underdeveloped and its low contribution, which does not contribute more than 2 to 4 percent of the gross domestic product," adding that "Iraq still depends in the provision of goods and merchandise on the foreign importer, at a rate of more than 90 percent."
The Prime Minister's Adviser for Financial Affairs, Mazhar Muhammad Salih, had confirmed in March 2021 in an interview with Shafaq News Agency that the reasons for the economy remaining rentier are due to wars and the imposition of siege during the past era and the political conflicts we are witnessing today, which led to the dispersal of economic resources.
He pointed out that "development, stability, diversification of the economy, and the transition from the rentier economy require political stability and stable institutions, which is what the state has missed over the years."
The state’s continued dependence on oil as the only source of the general budget makes the country at risk from global crises that occur from time to time due to the impact of oil on it, which makes Iraq tend every time to cover the deficit by borrowing from abroad or inside, which thus indicates the inability to manage funds The state effectively, and the inability to find alternative financing solutions.
A demonstration in the center of Nasiriyah to demand an improvement in the service reality
Dozens of citizens of Al-Fida neighborhood in central Nasiriyah organized a demonstration to demand an improvement in the service situation.
A local source said, "The demonstrators blocked the highway with burning tires.
He added that "the demonstrators demanded the improvement of services in their areas, and the completion of the street coverings
Food security from a strategic perspective
The contribution of oil to the Iraqi budget rises to 94%
The Ministry of Finance issued the Iraqi state accounts for the month of last January for the fiscal year 2022, which indicated a decline in the contribution of the non-oil sectors to 6%, while an economic expert attributed this to the rise in global oil prices.
Shafak News Agency followed the data and tables issued by the Ministry of Finance in the current month of April for the accounts of last January, which showed that oil is the main resource for Iraq's general budget, as it rose by 5.62% from last December, bringing the contribution of oil to the general budget to 94%, after it was 89 % in the month of December, which indicates that the rentier economic system is the basis in its general budget.
Through the financial tables, it is indicated that the total oil revenues for the month of January amounted to 10 trillion and 899 billion and 415 million and 915 thousand and 534 dinars, which represents 94% of the total revenues, while the total non-oil revenues amounted to 695 billion and 872 million and 729 thousand and 30 dinars. 6% of the total revenues, while the total oil and non-oil revenues amounted to 11 trillion and 595 billion and 288 million and 644 thousand and 554 dinars, which is 144% higher than the same period last year 2021, which amounted to 4 trillion and 744 billion dinars as a result of high oil prices.
According to the finance report, the non-oil revenues for the month of last January came from the current revenues represented by oil revenues and mineral wealth, amounting to 10 trillion, 853 billion and 496 million and 795 thousand and 32 dinars, and it came from taxes on income and wealth at 41 billion and 18 million and 559 thousand and 210 dinars. And it also came from commodity taxes and production fees at 63 billion and 996 million and 115 thousand and 583 dinars. It also came from fees that amounted to 102 billion and 631 million and 746 thousand and 567 dinars and from the share of public sector profits of 46 billion and 57 million and 257 thousand and 389 dinars and from transfer revenues that amounted to 387 billion and 244 million and 110 thousand and 958 dinars and from other revenues of 95 billion and 908 million and 666 thousand and 186 dinars.
It also came from capital revenues, which amounted to 4 billion and 935 million and 393 thousand and 6280 dinars.
For his part, the economic expert, Hilal Al-Tahan, considered in an interview with Shafaq News that "the rise in global oil prices was behind the increase in the proportion of oil's contribution to the federal budget at the expense of non-oil revenues during the month of January," noting that "this rise does not mean a decline in non-oil revenues. its contribution to the budget.
He added, "The non-oil revenues remain unchanged, the main reason behind the decrease in their percentage in the budget compared to the rise in oil prices, whose rise exceeded more than 50% compared to what was recorded in the same period last year."
He pointed out that "the process of shifting from the rentier economy needs a complete development of the Iraqi economy through operating the production process in Iraq and developing the backbone of the economy from agriculture and industry, which is still underdeveloped and its low contribution, which does not contribute more than 2 to 4 percent of the gross domestic product," adding that "Iraq still depends in the provision of goods and merchandise on the foreign importer, at a rate of more than 90 percent."
The Prime Minister's Adviser for Financial Affairs, Mazhar Muhammad Salih, had confirmed in March 2021 in an interview with Shafaq News Agency that the reasons for the economy remaining rentier are due to wars and the imposition of siege during the past era and the political conflicts we are witnessing today, which led to the dispersal of economic resources.
He pointed out that "development, stability, diversification of the economy, and the transition from the rentier economy require political stability and stable institutions, which is what the state has missed over the years."
The state’s continued dependence on oil as the only source of the general budget makes the country at risk from global crises that occur from time to time due to the impact of oil on it, which makes Iraq tend every time to cover the deficit by borrowing from abroad or inside, which thus indicates the inability to manage funds The state effectively, and the inability to find alternative financing solutions.
CBI Update: Just a note:
The Central Bank of Iraq: There is no such thing as (the Libyan dollar currency)
Today, Wednesday, the Central Bank confirmed the absence of the so-called (Libyan dollar currency), warning against taking legal measures for anyone who trades or promotes such counterfeit notes
A central bank statement, received by Alsumaria News, stated that "what is being circulated on social media in the presence of the Libyan dollar currency is no more than a scam and fraud using counterfeit currencies
The statement added, "The Central Bank reserves the right to take legal measures against anyone who trades or promotes such counterfeit papers, in coordination with the competent authorities
He pointed out that "the measures taken by the Central Bank in this regard aim to ensure the safety of the financial and banking sector in the world."Iraqand protecting the rights of citizens from fraud and fraud
”Central Bank of Iraq On 7/26/2020, he had warned of fraud and fraud that the weak-minded might practice in this field
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