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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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    Balancing Payments Reveals Surprising Finance Committee Proposals Relevancy to the Framework

    Rocky
    Rocky
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    Committee - Balancing Payments Reveals Surprising Finance Committee Proposals Relevancy to the Framework Empty Balancing Payments Reveals Surprising Finance Committee Proposals Relevancy to the Framework

    Post by Rocky Sun 11 Jun 2023, 4:03 am

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    [size=52]Balancing Payments Reveals Surprising Finance Committee Proposals Relevancy to the Framework[/size]

    [size=45]Baghdad / Tamim Al-Hassan[/size]
    [size=45]Before the end of the third day of budget legislation, the amendments of the coordination framework team in the Finance Committee appeared as a “political deal.”[/size]
    [size=45]This group caused the budget to be passed in batches, as Parliament has so far voted on 11 articles and the cancellation of one out of more than 60 articles, in addition to the new items added recently.
    The crisis with Kurdistan is still not finally resolved, despite expectations of reaching a solution hours before the supposed last session (yesterday, Saturday).
    According to information leaked, it was agreed to hand over the region’s oil to the “SOMO” company, but there is a conflict about the agreement to open a revenue account within the central bank.
    The leaks also vary in reaching an agreement about canceling the 10% that Kurdistan is supposed to pay monthly to employees due to compulsory savings.
    And this team within the Finance Committee, which fabricated the crisis, was mostly classified from the crowd forces, (according to Muhammad Nuri, a member of this group), and has been denying for the past days that it represents a partisan agenda.
    However, what happened from last Thursday until the moment of writing the report (Saturday evening) showed the strong return of the “frame” to manage the budget and the withdrawal of the hand of Prime Minister Muhammad al-Sudani.
    The Shiite group, which is supposed to have appointed al-Sudani as general manager (according to the description of Qais al-Khazali, the leader of the League), implicated the latter with new taxes.
    The statement of the Ministry of Finance, which preceded the first session to pass the budget (last Thursday), shows the state of tension between the government and Parliament, in which the “frameworkers” occupy 54% of its seats.
    Finance said that it was surprised by the statements of the deputies after their visit to the ministry, claiming: “Raising a group of important national issues, especially discussions related to budget items to achieve the public interest.”
    And the ministry confirmed in the statement that: “It is not concerned with making amendments to the budget law, because the project is currently exclusively within the responsibility of the House of Representatives.”
    A day earlier, Minister Taif Sami had threatened that her ministry would challenge the budget if it was approved and included a change in the paragraphs that the government included in the budget.
    Representative Mahmoud Al-Qaisi believes in a tweet on “Twitter” that the government will appeal the “phone card” tax because it previously canceled it.
    On the other hand, the Finance Committee tried to minimize the effects of a tax set by the government this time related to fuel, although the latter denied imposing the tax two weeks ago.
    And a proposal to the committee, according to the published draft of the budget law in Article 42/First, requested that “the increase in the selling price of petroleum products does not affect the citizen.”
    On the other hand, leaks from the Ministry of Finance say that the tax on fuel is borne by refineries and companies distributing petroleum products.
    moment of deactivation
    The origin of this confusion is due to what the “framework team” did within the Finance Committee two weeks ago, when it amended paragraphs related to Kurdistan.
    According to political sources who spoke to Al-Mada, “these amendments confirmed that they were approved by the coordination framework, which defended them until the last hour before the third session,” which was supposed to have been held (yesterday) Saturday.
    The sources believe that the sudden proposals on the budget: “returned the Shiite coalition to holding the budget file to impose its conditions on the Kurdish forces and others allied with them,” in reference to al-Halbousi.
    Parliament Speaker Muhammad al-Halbousi is threatened with removal from office after the budget is passed, according to statements by his opponents in the Azm coalition.
    As the sources see, these amendments: “I sent a message to Al-Sudani that he is a general manager and nothing more, and the understanding with Kurdistan is through the coordination framework and not through the prime minister.”
    Despite this, observers are still suggesting that what happened with Kurdistan may be in agreement with all the “framework”, including Muhammad al-Sudani, who has remained silent about the recent crisis so far.
    The first session to pass the budget was held on Thursday (the opening of the session was delayed for about 11 hours from its scheduled date), which took place after a meeting at the home of Hadi al-Amiri, the leader of the conquest, and in the presence of al-Sudani.
    And before that, the “framework team” in the Finance Committee had published something like announcing the loss of the budget copy, and the sources described it as “as part of pressure tactics on Kurdistan to pass the framework deal.”
    Representative and member of the Finance Committee, Hussein Moanis, of Kata’ib Hezbollah, said on Twitter: “Whoever finds the copy of the amended budget (…) after it was kidnapped nearly two weeks ago by some political forces.”
    And last Thursday, the parliament session began after 11:30 pm, which is the second time for the session after the failure of the 8 pm date, while the agenda had been set at 1 pm.
    Before the session, the Speaker of Parliament held a meeting at 10 pm with the Finance Committee, after which the Chairman of the Committee, Atwan Al-Atwani, announced the settlement of disputes.
    On that night, Parliament passed 5 articles (3, 5, 6, 7, 8) and the abolition of Article 4, which relates to granting the government the authority to make transfers in the beneficiary of the loans.
    The session was adjourned to one in the afternoon on Friday, the day before yesterday, but it did not take place on time, and Al-Halbousi, Al-Amiri and Foreign Minister Fouad Hussein entered a meeting inside Parliament.
    After the meeting, the session was postponed to 6 pm, after which 6 new paragraphs were voted on, including Article 2 after the amendment, related to expenses and deficits.
    The most prominent thing that was amended in that article is to authorize the Minister of Finance or whoever authorizes him to take measures to bridge the deficit, including borrowing and issuing bonds.
    The article specified borrowing amounts to finance the security ministries and the crowd from foreign banks, as the latter was allocated a loan of 11 million to 35 million dollars as a maximum.
    In exchange for a defense loan from 30 to 100 million dollars, and for the Ministry of Interior from 30 to 300 million dollars.
    Parliament also voted in the Friday session on Articles 9, 10, 11, 12, and 13. The official agency said that Articles (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24) were postponed.
    According to the circulated version of the budget, which includes the proposals of the Finance Committee, it consists of 64 articles, in addition to new articles related to allocations for state institutions such as the House of Representatives, whose budget amounts to more than 400 billion dinars.[/size]
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