Officially … Finance publishes instructions for implementing the 2021 budget

2021.04.30 – 16:00

Baghdad – People  

On Friday, the Ministry of Finance officially published instructions for implementing the 2021 budget.  

According to the ministry, the instructions for implementing the budget were officially published at the following link:  

To view, click here  

On Sunday, the Ministry of Finance called on all ministries’ spending units to review them to receive instructions for implementing the 2021 budget.  

The ministry said in a statement that “people” received, a copy of it, (April 25, 2021), that “the instructions for implementing the federal budget law for 2021, approved by the Presidency of the Republic, have been completed.”    

She added, “Given the legislation and the publication of Law No. 23 of 2021, the federal state budget for the Republic of Iraq for the fiscal year 2021 in the official Iraqi newspaper, issue No. 4625 on April 12, 2021,” calling for “all spending units of ministries, governorates, bodies and entities not associated with the Ministry of Attendance to the Ministry of Finance / The Budget Department, on Monday, 4/26/2021, for the purpose of receiving instructions for implementing the general budget for the fiscal year 2021 and instructions for implementing the planning budget for the public sector and self-financed bodies and companies.    

The Finance confirmed “the completion of the federal budget instructions for the year 2021 after a final audit by the Ministries of Finance and Planning,” stressing that “appeals to the budget will not delay its implementation.”

The Iraqi Parliament sets a date for the resumption of the sessions

PoliticsIraqi Council of RepresentativesSessions 2021-04-30 13:59A-AA +

Shafaq News / A deputy revealed, on Friday, that the Presidency of the Iraqi Council of Representatives (Parliament) has set a date for the resumption of its regular sessions next week to discuss and approve a number of important draft laws.

Independent MP, Nada Shaker Jawdat told Shafaq News, “The Presidency of the House of Representatives has informed members of Parliament to resume the regular sessions of the Council next week to discuss a number of important laws and topics in the country.”

She added, “It is possible that the sessions will resume next Sunday,” noting that “the month of Ramadan and the infection of many parliamentarians with the Corona virus have delayed the holding of sessions and the lack of a quorum in the past days.”

Iraq recovers 24 million dollars from Germany

2021/04/30 12:06

  • The number of readings 204
  • Section : Iraq

Baghdad / Obelisk: The Ministry of Foreign Affairs confirmed, on Friday, April 30, 2021, that Iraq is making great efforts to restore its regional and global role, and while Baghdad renewed its support for dialogue tracks in the region, it indicated its continued follow-up to the file of Iraqi funds and real estate abroad.  

Ministry spokesman Ahmed Al-Sahaf said in a statement to the official agency, followed by Al-Masla, that Iraq is making great efforts to coordinate with all its friends around the world to reserve international positions, and this is important because it will re-position Iraq within the various international organizations in the world, as well as restore Iraq’s opportunity. By taking decision in more than one important department related to human rights, the United Nations and human rights organizations.  

Iraqi Politics  

He added that the Iraqi foreign policy pursues a vision of focusing balance and stability, and it relies on peace and abides by all international agreements, as the balanced role of Iraq with all parties at the regional and global level represents an opportunity to take control of matters and initiatives that would restore Iraq to coordinate regional interactions at the regional level. And international interactions.  

International support for Iraq  

He stressed that Iraq had international and regional support in its war against ISIS terrorist gangs, and today it is in the role of the diplomatic movement, initiator and actor, devoting balance and stability at the regional level.  

Seeking stability in the region  

He pointed out that the Iraqi foreign policy works to support dialogue tracks between the parties at the regional level, believing that these interactions will lead to the consolidation of stability at the regional level, and all of this will be reflected in Iraq.  

He explained that the concept of security is organic and cannot be divided, indicating that “sustaining coordination with all parties and relying on dialogue mechanisms and agreeing on the rules of common interest is the means to defuse crises, reduce escalation and depend on the new phase that calls for empowerment and integration for the development of the peoples of the region.  

Activating the joint committees  

He pointed out that the ministry is now at the bilateral level, working very hard to activate the work of the joint Iraqi committees with all the partners of Iraq, “noting that” meetings are daily in the specialized departments in the ministry to push for the work of the joint committees.  

He continued: This would be through following up the memoranda concluded between Iraq and its friends, as well as following up the outcomes of the meetings and building on a speech that secures political, security, economic, and development paths in which there are multiple areas, which confirms the role of Iraq with its partners and re-follow up seriously in order to achieve more realistic programs.  

He pointed out that Iraqi diplomacy is opening up to the Iraqi street and is responsible for responding to it.  

Regarding Iraqi funds abroad, Al-Sahhaf said that there is a movement to recover Iraqi funds abroad, and the ministry has recovered 24 million dollars from Germany, and we hope that we will reach clear results in the file of Iraqi real estate abroad and to ensure their security and security, as well as confirm their ownership of Iraq.  

He pointed out that Iraqi companies by the ministry are working with Iraqi embassies in all countries of the world to follow up the file of Iraqi funds abroad. 

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For the first time, Al-Rafidain releases “defense” salaries electronically

EconomyRafidain BankMinistry of Defense 2021-04-30 04:08A-AA +

Shafaq News / Al-Rafidain Bank announced the launch of the salaries of employees of the resident Ministry of Defense for the first time, through a MasterCard.

The media office of the bank said in a statement that for the first time, the salaries of defense employees were raised electronically through the MasterCard, after it was paid manually.

He pointed out that the bank is continuing the process of resettling the salaries of defense employees and issuing a MasterCard to them and distributing them to their military units without reviewing the bank.

Parliamentary Finance: High oil prices will eliminate the need for loans

04/29/2021 20:21

  • The number of readings 83
  • Section : Iraq

Baghdad / Al-Masalla: The Parliamentary Finance Committee clarified, on Thursday, April 29, 2021, that high oil prices will cover the operating budget deficit without going to external or internal loans.

Committee member Abdul Hadi Al-Saadawi said in a press statement that “in the event that oil exports increase and oil revenues are achieved as a result of high oil prices at current prices that approached seventy dollars or exceeded seventy with the passage of time, this will eliminate the need for internal or external loans in the budget.” He pointed out that “the high spending of the operational budget and the increase in appointments during the previous years had a negative impact on the budget.”

And that “any increase in oil prices will go to cover the budget and the deficit only, and there is no supplementary budget or adding functional grades.”

Oil prices continued their gains, Thursday, after a 1% rise in the previous session, as positive expectations about a recovery in demand this summer overshadowed concerns about the impact of the increase in the number of epidemics in India, Japan and Brazil.

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Strong demand pushes oil to a 6-week peak

EconomyOilPrices 2021-04-29 20:11A-AA +

Shafaq News / Oil prices rose to their highest levels in 6 weeks, on Thursday, thanks to strong data for the US economy, a decline in the dollar and an expected recovery in demand, which nullified the effect of concerns about the growing Covid-19 infections in Brazil and India.

Brent futures rose $ 1.29, equivalent to 1.9%, to determine the settlement price at $ 68.56 a barrel, while US West Texas Intermediate crude increased $ 1.15, or 1.8%, to close at $ 65.01 a barrel.

Thus, the benchmark continues its gains for the third day in a row, registering the highest close since March 15th.

Bjornar Tonhaugen, Director of Oil Markets at Rystad Energy, said: “The summer season is the season for trips, and vehicle drivers in the United States, China and the United Kingdom are consuming more fuel, a development that the market believes will compensate for the Indian slowdown due to Covid-19.”

He added that oil prices received additional support from the drop in the dollar, which made “oil cheaper to buy internationally.”

The US currency hovered near its lowest level in nine weeks, under the weight of expectations for continued monetary easing from the Federal Reserve, and bold spending plans from US President Joe Biden.

The Kurdish delegation postpones its visit to Baghdad until next week

18:37 – 29/04/20210

The information / Erbil …

A member of the Kurdistan Regional Parliament, Bahjat Ali, revealed, on Sunday, that the Kurdish delegation that was scheduled to visit the capital, Baghdad, postponed its visit to next week.

“The postponement of the visit came at the request of the federal government, and the regional government is ready at any time to discuss the implementation of the budget agreement, which entered into force,” Ali told / Al-Maouma.

He added that “a delegation consisting of a group of ministers will visit Baghdad next week, to meet with the ministers of finance, oil and planning in the federal government and an understanding on how to deliver oil from the region to Baghdad, and also send the funds allocated to Kurdistan by the federal government.”

An informed source confirmed that there are differences between the oil companies and the regional government that prevent the delivery of oil by Kurdistan and put it in the accounts of SOMO. Ended 25 p

الوفد الكردي يؤجل زيارته لبغداد إلى الأسبوع المقبل

The Foreign Minister reveals the date of the tripartite summit and confirms: Al-Kazemi’s visit to Washington is not specified

Political| 05:35 – 04/29/2021

BAGHDAD – Mawazine News 
, Foreign Minister Fouad Hussein confirmed, on Thursday, that the tripartite summit will be held in Baghdad after the blessed Eid al-Fitr, while indicating that there is no specific visit by Prime Minister Mustafa Al-Kazemi to the American capital, Washington. 
Hussein said, “The tripartite summit scheduled to be held in Baghdad is still on the agenda, and it was postponed due to the circumstances in Egypt following the train accident and also because of the political events in Jordan,” stressing that “work began after Eid Al-Fitr for the purpose of holding the tripartite summit in Baghdad.” 
He pointed out that “the Iraqi cabinet’s decision to support the Lebanese army came in light of a message from the Minister of Defense and the Lebanese Army Chief of Staff to the Iraqi Minister of Defense, stressing that the cabinet approved what was proposed by the Iraqi Minister of Defense and that the support would be simple and symbolic.”
On the other hand, the Foreign Minister made it clear that he does not believe the existence of a specific visit by Prime Minister Mustafa Al-Kazemi to the United States of America. Ended 29 / h

A member of the Kurdistan Parliament reveals the reason for the delay in implementing the budget agreement between Baghdad and Erbil

116 Policy 2021/04/29 15:29 am
Baghdad today – Kurdistan
Jihad Hassan, a member of the Natural Resources Committee in the Kurdistan Regional Parliament, revealed today, Thursday (April 29, 2021) the reason for delaying the implementation of the budget agreement between the governments of Baghdad and Erbil, while denying the existence of a dispute between the regional government and oil companies operating in Kurdistan over the issue of oil delivery to Baghdad.
Hassan said in an interview with (Baghdad Today), “The issue of delaying the implementation of the budget agreement between Baghdad and Erbil has nothing to do with oil companies and their opposition to oil delivery at all.”
He added, “The issue is limited to the existence of some technical problems that will be resolved by the visit of the Kurdistan Regional Government delegation, which includes a group of ministers and will visit Baghdad in the coming days, to implement the budget agreement between the federal government and the Kurdistan Regional Government.”
And local media have reported that there are differences between the regional government and the oil companies operating in Kurdistan regarding the delivery of the region’s oil to Baghdad.

The World Gold Council offers a complete failure to Iraq if it wishes to increase its share of the precious metal

EconomyIraqgold 2021-04-29 07:14A-AA +

Shafaq News / The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, held a meeting on Thursday with the World Gold Council (upon their request). 

The media office of the bank said in a statement received by Shafaq News that the meeting dealt with a number of issues, the most prominent of which were technical support and training files, in addition to discussing the increase in the foreign reserves of the Central Bank, which was achieved after the implementation of recent reforms in the work of this bank and the banking sector. 

The statement noted that the World Gold Council had provided full support to the Central Bank in case it wished to increase the gold quota for Iraq.  

It is noteworthy that the Central Bank of Iraq ranks fifth in the Arab world and 38 globally in terms of the size of gold reserves.