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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

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The Minister of Finance: We are following the rise in prices in the markets due to the change in the

rocky
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Finance - The Minister of Finance: We are following the rise in prices in the markets due to the change in the Empty The Minister of Finance: We are following the rise in prices in the markets due to the change in the

Post by rocky Thu 24 Jun 2021, 10:14 am

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On Thursday (June 24, 2021), Finance Minister Ali Allawi expected the local market to recover soon, while stressing that an advanced system would automate the outlets.
The Media Department of the House of Representatives said, in a statement to  IQ News , that “the Finance Committee, headed by Representative Haitham Al-Jubouri, Chairman of the Committee, and the presence of its members, today, Thursday, hosted the Minister of Finance Ali Allawi and the Director General of Accounting in the Ministry regarding the implementation of the Federal General Budget Law for the year 2021, and a follow-up to what was reported.” In a previous hosting by the Committee of the Governor of the Central Bank.
She added, "At the beginning of the meeting, which was held at its headquarters, the committee discussed the issue of activating the inactive materials in the budget and the mechanism for implementing the law as approved by the House of Representatives. collection, imposing an airport fee, and automating border crossings and customs, and the committee has indicated that the automation issue has been suspended so far, despite the many requests and correspondences regarding this.”
And she added, "The Finance Committee stressed the necessity of activating petrodollar funds as stated in the budget text, despite the government's submission of an appeal regarding this, and this matter does not prevent the text from being activated because of its benefit to the oil-producing governorates, in the meantime the committee sent a letter to the Ministry of Finance in which it explained the article. 2 – First – Eighth, regarding petrodollar funds,” indicating that “the committee discussed the Ministry of Finance’s procedures regarding the job number and the biometric system for employees, as it is an absolute necessity and as indicated by the committee in Article 12 of the budget law, as well as the steps taken by the ministry to confront the negative effects of raising Currency exchange rate for citizens.
And she added, "The Finance Committee touched on the issue of government banks and the Ministry's steps to carry out actual reforms in this important sector by relying on efficient national experiences in this field, as the Committee included in the budget law paragraphs supporting industrial and agricultural banks," noting that "the Committee called on the Ministry of Finance." To address all ministries to fully abide by the budget law and implement its paragraphs, and called at the same time to expedite the launch of investment allocations for the governorates to start completing the lagging projects.
For his part, the Minister of Finance provided an explanation for the questions raised by the Finance Committee regarding the implementation of the budget, stressing that "the ministry has initiated procedures for automating ports through an advanced electronic system that will be implemented soon."
The Minister of Finance explained that "the ministry is following up on the price hike in the markets that accompanied the exchange rate change," revealing at the same time that "the local market will recover soon."
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