Kurdish deputy: The budget will reach Parliament during the current week.. and it will be legislated as soon (1/8)
A member of the House of Representatives for the Kurdistan Democratic Party, Sabah Sobhi, confirmed: The budget will reach Parliament during the current week.. and it will be legislated as soon as possible.
He told the National Iraqi News Agency / NINA /: There is a serious move by the political blocs in order to pass the budget as soon as possible, despite the existence of some outstanding issues.
Sobhi added: We will vote on the budget before oil and gas because it is more important than it, as this law can be delayed.
And a member of the Parliamentary Finance Committee, Mueen Al-Kazemi, said that the budget may be completed during the current week.
Al-Kazemi said in a televised statement yesterday evening: There is a political consensus regarding passing the 2023 budget, which may reach 140 trillion dinars.
He added: The investment sector will have 60% of the budget, and the proportion of the region in it will be more than 13%. link
The opening of the work of the Asian Parliamentary Assembly with the participation of Iraq
Today, Sunday, First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, chaired a meeting of the Sustainable Committee for Political Affairs to discuss a number of draft decisions.
The media office of the First Deputy Speaker of Parliament stated, in a statement received by (Al-Oula News), that “First Deputy Speaker of Parliament Mohsen Al-Mandalawi chaired, at the opening of the thirteenth session of the Asian Parliamentary Assembly, which started in the Turkish state of Antalya, a meeting of the Sustainable Committee for Political Affairs to discuss a group important decisions.”
Al-Mandalawi stressed during his presidency and management of the session that “Iraq was elected Vice-President of the Assembly, and Chairman of the Sustainable Committee for Political Affairs at the twelfth plenary session in 2019, and because the holding of parliamentary elections in Iraq in 2021 coincided with the date of the committee’s meeting, Baghdad was unable to host it at the time.”
Pointing out that “international political developments require further discussion in order to reach understandings on them.”
He added, “There are 9 draft resolutions under discussion since the last meeting of the Committee in 2019,” calling on “the participating delegations to express their observations on them in order to make detailed amendments to the draft resolutions during the next Standing Committee meeting.”
The Iraqi parliamentary delegation expressed its support for the decisions taken by the Asian Parliamentary Assembly, reiterating the Parliament’s firm position on the Palestinian issue and the right of the Palestinian people to establish their independent state with Al-Quds Al-Sharif as its capital, and supporting decisions related to this regard.
The meeting discussed the following draft resolutions towards an Asian parliament, good governance, the rule of law and judicial empowerment, good parliamentary practices, building prosperity in Asia through friendship and cooperation, Asian governments and parliaments for prosperity in Asia, Asian parliaments’ unwavering support for the Palestinian people, harmonious development through Democracy, cooperation among APA members to protect and promote pluralism. ink
Al-Sudani: The new Iraq is a message of peace, cooperation and partnership with everyone
The Prime Minister, Commander-in-Chief of the Armed Forces, Muhammad Shia’ al-Sudani, confirmed today, Sunday, that the new Iraq is a message of peace, cooperation and partnership with all the forces of goodness and peace in the world.
The media office of the Prime Minister said, in a statement received by Alsumaria News, that the latter “attended, today, Sunday, the graduation ceremony of the students of the First Military College / Heroes Factory, session 111, which was held at the college’s headquarters in Rustamiya.
According to the statement, Al-Sudani said, “The 102nd year has passed since the founding of our heroic Iraqi army, the protector of the flagstone of Iraq, and the place of trust of the nation and its supporting wall. Armed forces”.
He added, “Our Iraqi army went through challenges and turns that tried to break its will, and the dictatorship conspired against it, and insulted its honorable history. Our army chose to always stand by the people, alongside the just causes of the nation, defended Iraq’s independence, and contributed to protecting the Arab land in various fields.”
And he continued, “Our army continued its march to secure full sovereignty, and stand with the constitution, the democratic process, and the building of the new Iraq,” adding, “Our armed forces and our valiant army, through victory over terrorism and the restoration of all of our land, recorded an epic that is unparalleled in history.”
Al-Sudani stated, “It is right to remember the blood of the martyrs, old and young, as they rushed unaware of death, at a defining historical moment that made the future, and responded to the fatwa of the competent jihad launched by Imam Sayyid al-Sistani, which preserved the homeland’s sanctities and citizens in all their diversity.”
He pointed out that “the new Iraq is a message of peace, cooperation and partnership with all the forces of good and peace in the world, and that black period that wreaked havoc on Iraq and the region has ended.”
And he added, “Today we celebrate the graduation of the 111th session at the First Military College, Factory of Heroes, to coincide with the anniversary of the founding of the army. We celebrate while Iraq is well with you, and the responsibility is still great in construction and reconstruction.”
And the Prime Minister continued, “In the government program, we have insisted on raising the capabilities of our army, working on the technological and field development of combat weapons, and involving commanders, officers, and ranks in various courses that contribute to refining their skills and providing them with additional experience.”
Al-Sudani stressed, “the importance of cohesion between our armed forces and the citizens.”
He concluded by saying, “I extend my congratulations to our people and to the heroes of the Iraqi army, commanders, officers, and ranks, on the occasion of the anniversary of the founding of our army, and I stand in gratitude for our honorable martyrs. link
World Bank warns of risks of global recession in 2023
The World Bank said it was concerned that “more adverse shocks” could push the global economy into recession in 2023, and said small countries were particularly vulnerable.
The bank issued the warning in a summary of its semi-annual Global Economic Prospects report due on Tuesday, which will be available on the website’s Open Knowledge Platform.
The World Bank said that even without another crisis, global growth in 2023 “is expected to slow sharply, reflecting simultaneous monetary policy tightening aimed at containing very high inflation, deteriorating financial conditions and ongoing turmoil caused by the Russia-Ukraine war.”
The Washington-based World Bank said the situation required “urgent global and national efforts” to mitigate downside risks, as well as the debt crisis in emerging markets and developing economies, as investment growth is expected to remain below average over the past two decades.
“It is critical that officials in emerging markets and developing countries ensure that any financial support focuses on vulnerable groups, inflation expectations remain well steady, and that financial systems continue to be resilient,” the bank said.
Central bankers from around the world have introduced similar measures, raising interest rates aggressively to ease price pressures, while governments are supporting businesses and households by containing energy costs.
IMF Managing Director Kristalina Georgieva issued a warning in early 2023 that the world was facing “a difficult year, harder than the previous year.”
Georgieva told CBS’s Face the Nation in an interview broadcast on Jan. 1 that a third of the global economy will face a recession as the United States, the European Union and China experience a slowdown in the growth of economies simultaneously.
Source: Dinar Recaps
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