Fri. AM TNT News Articles from Iraq 6-9-23




Parliamentary Finance expects to pass the budget today

The Parliamentary Finance Committee expected that the draft financial budget would be fully passed in the parliament session today, Friday.

The committee will hold a new meeting to vote on the articles that have been added to submit them to the Presidency of Parliament and include them with the draft budget law for voting on them in the session scheduled for today.

And the House of Representatives, in its session that was held yesterday evening, in the presence of 258 deputies, started voting on the Federal General Budget Law for the years (2025, 2024, 2023).

The Council voted on seven articles from the total articles of the draft budget law, after which the Speaker decided to adjourn the session to 1 pm today, Friday.  link

The long night is over.. Parliament is raising its session and this is the budget version and the most prominent articles passed. ” +964

12:35 Parliament raises its session to 1 p.m. on Friday.




12:15 | Voting on Article III, V, VI, VII and VIII, postponing the second, canceling the fourth, and withdrawing Hadi Al-Salami.

The House of Representatives votes on Article 1 of the Budget Law.
Vote to add new agenda clause on replacement of some MPs
The House of Representatives proceeds to vote on the draft federal budget law of the Republic of Iraq for the fiscal years (2023, 2024, 2025).

Start distributing the final version of the budget law among the members of the House of Representatives.

At 11:27 Speaker of the House of Representatives Mohammed Al-Halbousi called on the Finance Committee to read the budget, announcing the opening of session No. 28 to vote on the draft budget, in the presence of 258 deputies.

ARY SOURCE: 15 articles will be voted on and the session will resume tomorrow to complete the vote on the rest of the articles.

The Chairman of the Parliamentary Finance Committee Atwan Al-Atouni announces the settlement of differences and agreement to hold the budget pass session.

At 10:45, the parliament bell ringed to invite council members to enter the hall in preparation for the budget pass session, after a number of deputies objected to the postponement of the session to tomorrow.




After the end of the meeting of the Presidency of Parliament in the Finance Committee, Speaker of the House of Representatives Mohammed Al-Halbousi held another meeting with the objecting deputies of the Finance Committee.

The spokesman for Sadekoun bloc Mohammed Al-Baldawi reveals that the reason for postponing the parliament session is “technically problematic, not political,” and that the majority of the points of disagreement have been exceeded, as the draft budget will be printed for submission to the presidency of the Council.

Postponement of the budget voting session for a day for the purpose of reviewing parliamentary finances.

The meeting of the Presidency of Parliament with the Finance Committee and the heads of parliamentary blocs ends at 10:10 pm.

At 10:00, the Parliamentary Finance Committee began voting on the draft budget bill, in the presence of Parliament Speaker Mohammed Al-Halbousi.

Official newspaper: More than 240 MPs are inside the parliament building so far.
At 9:30, Parliament Speaker Mohammed Al-Halbousi chaired a meeting of the Finance Committee in the presence of First Deputy Mohsen Al-Mandalawi, Second Deputy Shakhwan Abdullah and the heads of parliamentary blocs ahead of the voting session on the budget law.

First Deputy Speaker of Parliament Mohsen Al-Mandalawi, the head of Sadekoun bloc Adnan Fihan, and the head of the Sanad parliamentary bloc Murtaza Al-Saadi meet with the Finance Committee before the budget pass session.

Side meetings to agree on the final version of the budget more than an hour after the scheduled session.

The spokesman for the Sadiqoun parliamentary bloc, Mohammed Al-Baldawi, said, in a televised interview, that “there are some problems in the budget law that have not been solved so far, including articles related to the region, noting that “the majority of the political blocs are directed towards approving the budget.”

MP Firas Al-Muslimawi: Large influx of members of parliament and a comfortable majority to pass the budget.




Dozens of MPs gathered inside the hall designated for the parliament session, at 8:25.
The 45-minute meeting of the deputy coordination framework ended, during which the draft budget was discussed, without disclosing the outputs of the meeting.

First Deputy Speaker of the House of Representatives Mohsen Al-Mandalawi, and Second Deputy Shaxuan Abdullah, arrived at the parliament building at 8:10.
Deputies began flocking to the parliament building at 7:45 in preparation for the budget vote session.

Half an hour before the scheduled date of the session, the deputy coordination framework held a meeting in the House of Representatives.

The House of Representatives had decided to postpone the budget session to eight o’clock in the evening today, after what was scheduled to be held at 1 pm.

Outputs of the Central Bank’s meeting with the US “JP Morgan” bank

The Governor of the Central Bank, Ali Al-Alaq, discussed with the Vice President of the US JP Morgan Bank “Daniel Zeliko” in Baghdad, Friday, Friday, the support of Iraqi banks in the field of combating money laundering and terrorist financing.  

In a statement, “NAS” received a copy of it (June 9, 2023), the two parties discussed “means of cooperation between JP Morgan Bank and the Central Bank of Iraq, and the US bank’s readiness to support a number of Iraqi banks in financing foreign trade operations in the US dollar currency.”   

And Zelikow praised “the recent measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing and the adoption of international standards in money transfers.”  

He called on the Governor of the Central Bank, “Zeljko to open a representative office in Iraq, promising him to provide the necessary support to facilitate this step because it represents positive repercussions on the Iraqi economy in general, and the banking sector in particular, while the meeting touched on joint cooperation in the fields of investment management, technical support and training.” In different fields”.  

It is noteworthy that JPMorgan Bank is the largest US bank in terms of financial assets, with assets amounting to about $4 trillion.  link




Source: Dinar Recaps


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