KTFA

KTFA: Tivon:  Objectives of the Finance Committee when Studying The Aut Proposal (EFSL) Emergency Food Security Law

1- Conducting an extensive study of the proposed law to ensure the achievement of its objectives in providing food security and supporting the development process in the governorates.

2- Hosting the relevant authorities from the ministries of (Finance – Planning – Oil – Trade – Electricity – Agriculture – Labor and Social Affairs – Water Resources and the governorates) and other relevant authorities.

3- Achieving social justice and directing support to the poor. The Pharmaceutical Council – the Finance Committee

4- Direction not to go towards internal or external borrowing.

5- Pay the dues to farmers and farmers for the previous years to purchase wheat and rye crops in a manner that achieves self-sufficiency.

6- Working to reduce poverty.

7- Supporting strategic food storage to secure the food basket.

8- Determining the validity of the proposed law during the current fiscal year, in a manner that does not conflict with the legislation of the annual general budget law.

9 – To approach the Council of Ministers regarding the proposed law in accordance with the legal contexts.

10- Supporting the electricity sector, especially the entitlements and debts of imported gas and energy purchase.

Tivon:  I want you all to focus on number ten of the objectives for the EFSL. What word do you see? “Entitlements, correct? What else follows that? Dues/Depts of imported gas correct? What are the citizens entitled to again? The Oil & Gas Law.

How could they receive these dues if the HCL is not contingent upon the rate change? You already heard Mazhar Muhammad Saleh (Financial Advisor) state just a day ago that the government will not challenge the EFSL because of the dues owed to the citizens.

Al-Kazemi also knows that none of this will work without changing the exchange rate. Why else would he request 100 deputies to reduce it at the earliest session? Another thing to note is when Al-Zamili stated that once the law enters the Gazette he will take up with “The Relevant Authorities” to dispense the appropriate funding. Well if you look at number two of the objective outline from the Parliament what do you see? The Oil Secror.

Think about it. What contracts do they now hold? People you have to read the wording of these articles with a keen eye and logical forethought. Have you noticed no one called out and protested how none of the 100 Deputies (Including Al-Kazemi) have any authority to reduce the exchange rate of the USD?

Those signatures can not be unsigned. That’s the bottom line. They have to legally follow through. Plain & Simple. Why? Because reducing the exchange rate is based on Article (61 Seventh-C) of their Constitution. Article (56) of the Internal System.

If they were able to use the Constitution to force Kurdistan to sign over the oil contracts to Baghdad. Why wouldn’t this be the case for the Reduction of the USD rate? Look at the wording from Al-Kazemi…as he says Based on’. Not dependent upon or according to who decides to talk about reducing the USD rate when it comes to the constitution.

Quote: Greetings… Based on Article (61 Seventh-c) of the Iraqi constitution and Article (56) of the internal system, please include the issue of reducing the price of the dollar in the earliest possible session, according to constitutional reasons, and because of the economic repercussions that are taking place in the country and the collapse of the currency and its impact on Iraqi citizen. With much thanks and appreciatio.