TLM724 Administrator BondLady’s Corner
Finance Minister: Raising Next Year’s Budget To Parliament Before Early Elections
Friday 06 August 2021 13:40 | Economic Number of readings: 275 Baghdad / NINA / – Minister of Finance Ali Allawi confirmed: “The ministry seeks to submit the new budget to Parliament before the early parliamentary elections scheduled for next October.”
He said in a press statement: “The ministry tried in the previous budget to do a similar thing, as it presented the budget in a way that shows officials the size of Iraq’s real obligations without paying them in the corners of arrears, so the number was large and was not politically acceptable, so it was modified and the budget was issued in its current form.”
Allawi added: “The price of a barrel in the new budget will be 50 dollars, which is an adjustable number.”
He explained: “The financial situation of Iraq has improved during the current year due to the rise in the price of oil and the change in the exchange rate of the dinar.”
The Minister of Finance indicated: “Iraq is negotiating with the International Monetary Fund on a loan of between 3 to 4 billion dollars,” noting: “This borrowing is of a monetary nature and gives credibility to the reforms that the Ministry wishes to implement, the end of which depends on our current situation and the 2022 budget. If we are able to present it to Parliament before the parliamentary elections.”/ End 3
The Dissolution Of The Iraqi Parliament On August 10. This Is What Article 64 Of The Constitution Stipulates.
Political | 02:09 – 06/08/2021 Baghdad Mawazine News The Commission for Human Rights revealed, on Friday, an article in the constitution that stipulates the dissolution of the Iraqi parliament on August 10.
A member of the commission, Ali al-Bayati, said on Twitter, “Article 64 / second of the constitution calls on the President of the Republic, upon dissolving the House of Representatives, to hold general elections in the country within a maximum period of 60 days from the date of the dissolution.”
The member of the commission added: “According to this article, and in respect of the constitution, Parliament must be dissolved on the current 10th of August. Otherwise, the presence of unconstitutional preludes to the elections makes the result clear.” Ended 29/A43 https://www.mawazin.net/Details.aspx?jimare=162886
Despite Its Gains, Oil Is Heading For The Biggest Weekly Decline Since Last March
Friday 06 August 2021 11:41 | Economic Number of readings: 283 Baghdad / NINA / – Oil prices extended gains, today, Friday, but remained on track for their biggest weekly decline since March, as travel restrictions to limit the spread of the COVID-19 delta version raised concerns about fuel demand.
Brent crude futures rose 47 cents to $71.76 a barrel, while US West Texas Intermediate crude futures rose 45 cents to $69.54 a barrel, but both contracts fell 6% this week, the largest decline since March.
Japan is preparing to expand emergency restrictions to more prefectures, while China, the world’s second largest oil consumer, has imposed restrictions in some cities and canceled flights, threatening fuel demand. https://ninanews.com/Website/News/Details?key=919894
Alia Nassif Warns Against Attempts To “Sell The State” Under The Cover Of Privatization
Friday 06 August 2021 11:37 | Economic Number of readings: 304 Baghdad / NINA / – Representative Alia Nassif warned against attempts by some (party economics) to acquire companies, government institutions and state property under the cover of privatization.
And she said in a statement today: “The white paper that the government announced to start implementing focuses on privatizing most state institutions and public companies affiliated with the ministries and placing them in the hands of investors, including electricity, water, telecommunications, the oil sector and others.”
Nassif added: “This means that the state will be completely sold to the owners of the capital.” She asked: Who are the owners of the capital? Or, more accurately, who will buy? .
The MP continued: “It is unfortunate that the economies of some parties were not satisfied with stealing public money during the past years, but will benefit from this privatization to use the looted money to purchase the most important sectors of the state. money and is seeking to buy the entire state.” / End 3
Alia Nassif Warns Against Attempts By Some (Party Economics) To Take Over Government Companies And Institutions Under The Cover Of Privatization
Posted On 2021-08-06 By Sotaliraq Representative Alia Nassif warned against the attempts of some (party economics) to take over companies, government institutions and state property under the cover of privatization.
And she said in a statement today: “The white paper that the government announced the start of its implementation focuses on privatizing most of the state institutions and public companies affiliated with the ministries and placing them in the hands of investors, including electricity, water, telecommunications, the oil sector and others, and this means that the state will be completely sold to the owners of capital, and here the question arises : Who are the owners of capital? Or in a more precise sense: who will buy? .
Nassif indicated: “It is unfortunate that the economies of some parties were not satisfied with stealing public money during the past years, but will benefit from this privatization to use the looted money to purchase the most important sectors of the state. money and seeks to buy the entire state.” LINK
10 Votes To Complete The Enactment Of A US Law To Abolish The Use Of Military Force In Iraq
political| 01:42 – 06/08/2021 Baghdad – Mawazine News Ten Republican members of the US Senate signed a bipartisan bill to repeal the 1991 and 2002 authorizations for the use of military force in Iraq.
The new legislation, led by Senators Todd Young and Tim Kaine, revokes both the 2002 Iraq War and 1991 Gulf War permits, the Wall Street Journal reported Thursday.
The move is the latest sign that lawmakers from both parties are gaining momentum in their efforts to reassert Congress’ constitutional authority to declare war.
At least 60 votes
Passing the legislation requires at least 60 votes in the 100-member Senate, which means at least 10 Republican votes are needed to join all 50 Democrats for the legislation to succeed.
On Wednesday, the US Senate Foreign Relations Committee voted to cancel two authorizations that give open approval to the use of military force in Iraq.
.It is noteworthy that the Biden administration revealed, weeks ago, that it supports efforts in Congress to repeal the authorization for the use of military force, issued in 2002, which reinforces lawmakers’ efforts to withdraw the authority to declare war from the White House.