Parliamentary Finance: The oil price surplus is not real
Today, Thursday, the Parliamentary Finance Committee confirmed that the oil price surplus is not real.
Committee member Jamal Cougar said in an interview with the official agency’s “Duty of Candor” program, which was followed by (Al-Oula News), that “Iraq depends on oil by more than 94 percent, and this dependence will not feel its impact in the current year due to the lack of a budget that eats away revenues, but the real problem is.” It will be in the year 2023,” noting that “any drop in oil prices will affect Iraq after three months.”
He added that “the amounts of internal and external loans amount to nearly 100 trillion dinars, and the surplus oil prices are not real.”
He pointed out that “Iraq is financially secure until next year. link
Any news from the sandbox?
So read this from an article today,,”Nineveh Governor Najm Al-Jubouri announced today, Thursday, the launch of the 1,000 job grades within the Emergency Support Law for Food Security and Development.” 300,000 dinar? Yep the rate has to be released because 300k dinar at the program rate would only equal $207. And these jobs are going to college graduates to work in their government offices
I really hate saying this but that guy named Walt on the calls may be really disappointed IF our President gives Nuri Al-Maliki the “nod” and he becomes the new PM. I would not be surprised. This has gone on waaayy too long….The former PM is not stupid. He had years of practice in knowing what to do and what not to do to make himself look good. Nothing he does shocks me. Apparently he’s fooled many Iraqis and has gotten away with it.
jwill, I dont think it will progress for him to take over, They know if they do, the people will riot and those with him would also lose. Also believe Kadzimi will pull the rug out and dissolve parliament along with Admari, along with his 20 people, side with Sadr and protest the vote. There will not be enough to get 2/3rd quorum from the framework
The Food Security Law .. Does it guarantee all the financial ?surpluses achieved for Iraq
Today, Thursday, the economic expert, Manar Al-Obaidi, commented on the fact that all financial surpluses go to finance the provisions of the .Food Security Law Al-Obaidi said, to (Baghdad Today), that “the information that talks about the disappearance of the financial surpluses that were achieved from the rise in oil prices since the beginning of the year to finance the paragraphs of the Food Security Law is “.absolutely incorrect, so it is not possible to spend all of this surplus in one time
And he indicated that “it is not a necessity or a condition that Iraq spends all the allocated matters within the provisions of the Food Security Law,” explaining that “even the public budgets do not spend all the funds allocated in them, and a lot of “.unspent funds remain for several reasons
And he added, “This matter will apply to the provisions of the Food Security Law, and that is why not all the financial surpluses of the past months will go to finance the “.provisions of the law It is noteworthy that the House of Representatives voted on the eighth of last month .on the law of emergency support for food security, in the presence of 273 deputies link
Saleh: Eid is an occasion to emphasize unity for the sake of a capable state that serves all citizens
The President of the Republic, Barham Salih, congratulated on the occasion of the blessed Eid Al-Adha.
Saleh said in a tweet on Twitter: “My best wishes and blessings to our people by the blessed Eid al-Adha, recalling together the nation’s martyrs and those who sacrificed for the dignity of its children.”
He added, “It is an occasion to emphasize unity for the sake of a capable state, a caretaker and servant of all citizens, that takes its pivotal role and serves as a meeting place for the countries and peoples of the region for peace and prosperity.”
Iraq and Iran sign memoranda of understanding in various trade fields
The Ahwaz Chamber of Commerce in Iran announced on Thursday the signing of several memoranda of understanding in the commercial fields with Iraq, stressing that the implementation of these memoranda should always be on the agenda of the two parties to increase the momentum of developing trade between the two countries.
The Vice President of the Ahwaz Chamber of Commerce, Shahla Amouri, stated that “Iran and Iraq, as two neighboring countries, have a very good relationship of friendship and cooperation at the regional level, and this can be developed in various fields to achieve the economic interests of both sides.”
And she stressed that “the establishment of specialized exhibitions for Iranian products in Iraq, as well as the acceptance of business delegations in Iran will lead to the best presentation of the economic potentials of our country’s producers.”
Among the practical memoranda between the two countries, Amouri referred to “cooperation in export guarantee funds, a memorandum of understanding in the field of exhibitions, land and transit agreements, railways, and a memorandum of understanding in the field of customs affairs.”
Amouri pointed out that “these memorandums have a great advantage and should be used in cooperation with the government and the private sector in order to develop trade exchanges.”
The Vice-President of Iran’s Ahwaz Chamber of Commerce concluded by saying, “The Baghdad Chamber of Commerce, as the chamber of the capital of Iraq, announced its readiness to carry out the necessary follow-up in the field of implementing the agreements concluded between Iran and Iraq. link
Source: Dinar Recaps
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