Samson: With the end of the fiscal year approaching, question marks about the reasons for not activating the budget
22nd July, 2021
Member of the Parliamentary Finance Committee, Muhammad Al-Shabki, stressed that all articles of the budget, even the contested ones with the Federal Court, are valid.
Al-Shabki said in an interview with Alsumaria News, "The budget articles that were challenged by the government at the Federal Court are still valid and obligatory until the outcome of the appeal is decided and the final decision is issued by the court to invalidate or confirm the article."
Al-Shabki added, “What proves the activation of all articles in the budget is the court’s rejection of the state decision demanded by the government regarding the contested articles, which means that these articles must be applied, and they are valid and obligatory for implementation by the Ministry of Finance and the ministries concerned with this matter.”
A member of the Parliamentary Finance Committee, Shirwan Mirza, confirmed that activating the budget items and launching allocations for projects after the House of Representatives voted on them, is the prerogative of the executive authority, especially the Ministry of Finance.
Mirza said in an interview with Alsumaria News, "The implementation of the federal budget items after the parliament's vote on them is within the authority of the executive authority, specifically the Ministry of Finance, which has actually begun to activate the items related to the operational aspect," noting that "the investment and projects side had ambitions to be It is in advanced stages in all governorates and to serve the citizens, but there are many factors that affected the achievement of this goal.”
Mirza added, "The appeal submitted by the government against some articles of the budget caused the suspension of the activation of those articles pending the outcome of the appeal by the Federal Court, but in general, the appeal does not stop the implementation of the original budget, given that there is no judicial decision to stop the implementation of the budget until a decision is made. Appeals,” explaining that “the Minister of Finance has previously talked about the fact that the funds obtained from oil revenues and non-oil resources are sufficient to cover the operational aspects.”
He pointed out that "the government can launch projects by covering their allocations by borrowing from the central bank to accelerate the activation of these projects and repay those loans from oil revenues successively to ensure that it does not affect the central bank's reserves," stressing that "we do not have a full release on the exact reasons for not launching project allocations until this moment, as it is the competence of the executive authority, but we are following this matter with the relevant authorities to find quick solutions to this matter.
For his part, a member of the House of Representatives, Qusay Abbas Al-Shabki, indicated that the weakness of parliamentary oversight on the government's performance was one of the reasons for its failure in many files, including the file of activating the federal budget.
Al-Shabki said in an interview with Alsumaria News, “The issue of the government’s non-activation of the budget articles, which has been legislated for a long time within the parliament, is a strange matter. The government to activate its provisions as soon as possible and to indicate the reasons for the delay until the moment.”
Al-Shabki added, “The fiscal year has only a few months left, therefore, the government is required to transfer financial allocations to the governorates to complete the stalled projects that are under construction,” stressing that “this clear government failure was an inevitable result of Parliament’s failure to perform its oversight duty on the executive authority, which we must acknowledge in front of the masses.” LINK
MilitiaMan: So does this sound like they have activated the budget?
Lol China has the first deal? Is today, not the last day for international banking and is it not the same time frame that the UST has requested data reports from T-Bill holders over 4 $billion large? Yep! Why?
Today was and is. Why do I ask? Because there are market events that need large attention.. Markets that need utility and liquidity for them to be effective! They have urgency too.. There are no coincidences.
So as we can see there, as we speak is data that supports we are about to see terms of contracts.. China front runs is and says they have the first deal with 44% or Iraq’s new exports.. NEW!!!! Wow!! IMO - MM
“The fiscal year has only a few months left, therefore, the government is required to transfer financial allocations to the governorates to complete the stalled projects that are under construction,”
"The implementation of the federal budget items after the parliament's vote on them is within the authority of the executive authority, specifically the Ministry of Finance, which has actually begun to activate the items related to the operational aspect,"
Samson: Adviser to the Prime Minister: China consumes 44 percent of Iraqi oil exports
22nd July, 2021
Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, announced Thursday that China consumes 44 percent of Iraqi oil exports
Saleh said in a press interview, "China is the first market in Iraqi oil exports, and it alone consumes about 40-44 percent of Iraqi oil exports, with about 80,000 barrels of oil per day
He added, "A small part of those exports are the dues of oil service contracts for Chinese companies operating in Iraq, to which 100 thousand barrels per day were recently added, deposited in the bank account designated for the implementation of projects of the cooperation framework agreement, which became truly effective last month LINK
MilitiaMan: The first market in the Iraqi oil export market.. Really? Now why would that come out today? is it because the first is to be done under a new exchange rate?
We all know exports have been an ongoing concern, nothing new. There is nothing to suggest there are not new contracts written.
The delegation has been in DC for a few days. It would not surprise me that China is in the light as they don’t want to be shadowed. The moves at play for projects are going to be staggering..
The WTO and the laundry list of others have their sights on projects.. The list is long and they’re in DC and not China.. lol It is so like China to front run the US in perception, however, they always seem to be sucking hind tit when it comes to global trade. So we hear.. lol -MM
Samson: His spokesman reveals the priorities of Al-Kazemi's visit to Washington
22nd July, 2021
Today, Thursday, the spokesman for the Prime Minister, Hassan Nazim, revealed the priority of Al-Kazemi's upcoming visit to Washington.
Nazim said, in a statement followed by (Al-Oula News), that "Prime Minister Mustafa Al-Kazemi's priority in the event of his scheduled visit to Washington is the issue of the withdrawal of US and international combat forces from Iraq."
He added that "a large delegation from the Ministry of Foreign Affairs, Education and Culture will be present before Al-Kazemi in Washington to prepare for this visit," noting that "the strategic dialogue is not limited to the withdrawal of US forces, but there are very important files that will be discussed in the fourth round of dialogue between Iraq and the United States."
Nazim pointed out that "the government is very keen to guarantee Iraq's rights to these dialogues and to return with important results that serve Iraq." LINK
MilitiaMan: The theme here is there are files that need and are to be on the table. The lead up is not limited for the above as we know from factual data that supports one not mentioned above is economic files. For good reason too.. Just because they key economic issue files are not mentioned doesn’t mean they are not on or in the forefront just outside of our eyes, and timing wise just yet..
There is nothing out there that suggests the deals and files are not for the activation of the white papers..
The contracts like as in with China are new, as the previous ones needed to be renewed imo. — let’s see if what we see is in fact critical issues for the White Papers to be revealed before, on or just after Kahdimi’s visit.. - MM