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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Parliamentary Finance is aligned with the government in maintaining the current exchange rate and cr

    Rocky
    Rocky
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    Parliamentary Finance is aligned with the government in maintaining the current exchange rate and cr Empty Parliamentary Finance is aligned with the government in maintaining the current exchange rate and cr

    Post by Rocky Wed 31 Mar 2021, 7:34 am

    [size=52]Parliamentary Finance is aligned with the government in maintaining the current exchange rate and criticizes the opposition[/size]

    [size=45]Baghdad / Firas Adnan[/size]
    [size=45]The Finance Committee in the House of Representatives says that discussions on the budget have gone out of its technical framework, and have turned into a means by which the blocs seek to achieve political gains in conjunction with the approaching date of early elections.[/size]
    [size=45]The committee found that the first reason obstructing the approval of the budget is a change in the exchange rate of the dollar and the insistence of Shiite forces to return it to what it was previously.[/size]
    [size=45]The committee's reporter, Representative Ahmed Al-Saffar, said, in an interview with Al-Mada, that “the first mistake the government made is that it violated the Financial Management Law. Because it did not send the draft budget according to the scheduled date, which is before October 15th. Al-Saffar added, "The official contexts require the government and parliament to finish the budget file and vote on its law with the New Year, that is, at the beginning of 2021."[/size]
    [size=45]Al-Saffar pointed out, "What is happening now is the approval of one of the most difficult budgets in the history of Iraq, because it coincided with early elections, and therefore it is being used as a paper to obtain political gains."[/size]
    [size=45]Al-Saffar said, "The current reality of health, security and economic crises is what made the budget delayed throughout this period, which is not only the current government can afford, but rather is the result of wrong policies that were adopted over the past years."[/size]
    [size=45]He pointed out, "The Finance Committee, when discussing the last paragraphs of the law, came out of the headquarters in the House of Representatives in order to get rid of pressure and work to enact the law as soon as possible."[/size]
    [size=45]Al-Saffar stated, "The committee's legal jurisdiction requires it to discuss the budget from the technical, financial, economic and social side, in terms of state resources and revenues and their proper distribution of public spending to achieve the greatest possible benefit." Al-Saffar expresses his regret, because "the matter turned into a political struggle, and that the law had been completed two days ago, but the session again was not held for political reasons."[/size]
    [size=45]Al-Saffar continues, that "some of the blocks have taken from the exchange rate of the dollar as a reason not to enter the parliament session, although this issue is an exclusive prerogative of the Central Bank of Iraq."[/size]
    [size=45]He added, "The government was forced to make a decision to change the exchange rate, as it led to financial sustainability and secure salaries despite its negative effects in terms of inflation." Al-Saffar stressed, "This option is not up to the House of Representatives to put it in the area of ​​discussions and seek to return it to what it was previously."[/size]
    [size=45]He believes, "the political blocs are supposed to know that the issue of the exchange rate is not within the jurisdiction of the House of Representatives, and that an article is placed in the budget, otherwise that means that the government will go to challenge it and cancel it through the Federal Supreme Court."[/size]
    [size=45]Al-Saffar confirmed, "The Finance Committee has made many changes in the budget other than its powers, but it was in coordination with the government by hosting more than 150 officials responsible for spending units such as ministers and their agents, general directors and governors." He pointed out that "the blocs that refused to enter the parliament session two days ago, such as the State of Law coalition, the national approach and some of the conquest, justified their position that they oppose the current exchange rate, and their first demand is to compel the government to return it to its previous position."[/size]
    [size=45]Al-Saffar finds, "This step came late, so the refusers had to initiate pressure on the government before the exchange rate was officially changed."[/size]
    [size=45]He revealed, "Including in the budget an article that obliges the government to take a package of measures that mitigate the negative effects of changing the exchange rate, after a meeting that brought us together with the ministers of finance, planning and oil."[/size]
    [size=45]For his part, MP Jamal Cougar, a member of the committee, stated, in a statement to (the extent), that "the issue of the budget law has become today a matter for achieving political gains and moving away from its financial and economic reality."[/size]
    [size=45]Cougar added, "The dollar exchange rate is the first obstacle standing in front of the approval of the law, especially with the insistence of some political blocs to reduce it contrary to the will of the Central Bank."[/size]
    [size=45]He stressed, "The government gave the justifications for taking this decision, and relying on the current rise in oil prices is not possible; Because it is unstable and it is possible that there will be a decline at any moment, and therefore we will face severe economic risks. Couger concluded, "The budget has been fully developed according to the current price, in terms of revenues and expenditures, and therefore making any change to the reduction means returning to zero point and the need again to formulate the law numbers according to these variables."[/size]
    [size=45]It is noteworthy that the House of Representatives had set last Sunday as the date for voting on the budget law, but a quorum did not happen due to the withdrawal of most of the political forces, which led to its postponement.[/size]
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