Newspapers are following the impact of low oil prices on the budget law and efforts to recover Iraq'

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[size=52]Newspapers are following the impact of low oil prices on the budget law and efforts to recover Iraq's money smuggled abroad[/size]

[size=45]Monday, December 12, 2022
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The newspapers issued in Baghdad today, Monday, the twelfth of December, followed up the impact of the drop in oil prices on the draft budget law and efforts to recover smuggled Iraqi funds.. and other issues, including demonstrations by lecturers and contract owners.[/size]
[size=45]On the subject of the budget, Al-Zawraa newspaper, published by the Iraqi Journalists Syndicate, said: “Specialists in economic affairs advised the government to implement a policy of hedging in the 2023 budget and to set an acceptable price for oil, while they warned of a significant drop in international oil prices during the next year.”[/size]
[size=45]The expert in financial affairs, Nabil Al-Tamimi, said in an interview with Al-Zawraa: “The government has a special vision that it will employ in the general budget, through which it will try to implement and finance previous projects and not create new projects except for necessities, in addition to adopting the next budget as a development fund.”[/size]
[size=45]Al-Tamimi called on the government not to set a huge budget because it will affect prices and cause some kind of inflation, but rather a kind of hedge must be used to maintain a financial surplus, even if the prices in the expected next year are good for oil, it can be used in the next budget And a sudden drop in prices may occur, as it is very expected that oil prices will drop in the year 2024.[/size]
[size=45]He added, “There should be a part of the hedging policy in this budget,” stressing that the budget amount should be between 130 and 140 trillion as a maximum, and an attempt to control the markets and inflation, while achieving development goals.[/size]
[size=45]While the newspaper quoted the economist, Ahmed Al-Majidi, saying: “There are fluctuations in global oil prices due to the Russian-Ukrainian crisis, as well as the Chinese policy that began to lift the restrictions of Corona, as well as Beijing’s new policy and its agreements with the Gulf countries, all of this will be reflected in oil prices,” noting: “ The year 2023 may witness a drop in oil prices to significant levels.”[/size]
[size=45]While a member of the Parliamentary Finance Committee, Khalil Ghazi, confirmed: “The drop in oil prices in global markets affects the Iraqi draft budget law for the year 2023,” pointing to the need to reduce the estimated price of oil in the draft law.[/size]
[size=45]Ghazi said, according to Al-Zawraa: “The general budget is estimated on the basis of selling oil. In the past, the price of oil was higher than 90 dollars, but it fell to less than 80 dollars, so the drop in oil prices will affect the draft general budget law.”[/size]
[size=45]Al-Sabah newspaper, published by the Iraqi Media Network, followed the issue of efforts and endeavors to recover funds from corruption cases.[/size]
[size=45]In this regard, she referred to the statement of the Director of the Media Center in the Integrity Commission, Ali Muhammad: “The most prominent countries to which funds obtained from corruption have been smuggled are the Kingdom of Jordan, Turkey, Lebanon, and a number of other regional countries.”[/size]
[size=45]Muhammad added: “The commission reached, in the last meeting held with the judicial authorities in Jordan last April, to seize the funds in its territories, while there are some challenges related to the different legal systems facing the commission’s work in recovering funds from Turkey, so the recovery department approached the authorities counterpart to the signing of a memorandum of understanding between the two parties, but it did not specify time periods for recovering that money due to the complexity of the procedures.[/size]
[size=45]He stressed that: “The movable and immovable funds of some of the accused or the fugitive convicts have recently been seized,” indicating: “The commission is awaiting the completion of the legal department in the Ministry of Justice with procedures related to filing lawsuits abroad, and giving judicial decisions the power of implementation, so that we can then recover the money.” reserved.”[/size]
[size=45]In another matter, Al-Zaman newspaper followed the demonstrations of lecturers and contract holders in Baghdad and other provinces.[/size]
[size=45]And she said in this regard: “The governorates witnessed mass demonstrations of education lecturers and owners of contracts and daily wages in various ministries, to demand confirmation of permanent staffing without restrictions or conditions, accusing the Ministry of Finance of procrastinating and delaying their appointment procedures under illogical justifications.”[/size]
[size=45]And it showed that: “In Baghdad, the excluded holders of higher education contracts demonstrated, to demand that they be included in confirmation, like their peers.”[/size]
[size=45]It quoted some demonstrators as saying that they are asking the Minister of Higher Education to look into their case. They are contract holders who were employed in public universities after October 2, 2019, and their case is still pending without resolving their conversion to 315 contracts, just like their peers who were included in the transfer and confirmation, despite their ownership. More than three years of service.
While it quoted eyewitnesses: “Some streets that witnessed sit-ins were closed, especially in front of the education directorates in Baghdad and the provinces.”[/size]
[size=45]The witnesses added: “Hundreds of lecturers on the staff of the Dhi Qar Governorate Education Directorate organized a demonstration in front of the department building to demand confirmation of the owners. And they declared a three-day strike as part of the pressure on the central government to include them by confirming permanent staffing within the next year’s budget.[/size]
[size=45]And she indicated that: “In Muthanna, the owners of the contracts protested in various circles to demand that they be fixed on the permanent owners. They indicated that their departments supported the financial allocation for that.[/size]
[size=45]Hundreds of lecturers contracting with the Maysan Education Directorate, according to / time / during a demonstration in front of the directorate, demanded confirmation of the owners. They made it clear during the vigil that they are demonstrating peacefully and there is an escalation that leads to a sit-in and a permanent strike in the event that they are not treated fairly by responding to their demands, which they see as right, which is to confirm them as they are in the contracts of other ministries, and that their numbers are not large in the governorate.[/size]
[size=45]And the newspaper continued: “Dozens of lecturers, administrators and graduates closed the Basra Education Building to demand confirmation.” / is over[/size]
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