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opens 6 files with the Minister of Finance, including the confirmation of contracts, lecturers, and the 2022 budget
Investigations and Reports Yesterday, 19:42
Today, Monday, Finance Minister Ali Allawi
Revealed that the total amount of the Food Security Law is adjustable, and while he settled the controversy over the lecturers’ file and their fate with installation, he indicated that the budget law for 2022 is irreplaceable and will include degrees for stabilizing contracts..
Emergency support law
Allawi said in an extended interview with the Iraqi News Agency (INA), that "the food security law submitted by Parliament, its total amount is 26 trillion dinars, after adding a trillion to settle the file of lecturers and their treatment according to Resolution 315," noting that
"the emergency support law does not include Confirmation of contracts or lecturers, but only their adaptation.
He added, "The government's submission of the emergency support law before the Federal Court's decision was deliberate to support the fragile classes and to confront the rise in prices as a result of the Ukrainian war, as well as support the agricultural sector and create job opportunities in small and medium projects," noting that
the Financial Management Law does not give the space to process arrears and others, especially dues. Iranian gas has accumulated since the year 2020.
And he indicated that “the goal of the law is also to provide sufficient storage of wheat to face any future problems,” noting that
“emergency security cannot be a substitute for the budget law for 2022.
”It was submitted by the government, and tabs were added to it far from food security,” noting that
“the government agreed on the basic provisions of the current emergency support law submitted by Parliament.”
He noted that "the Ministry of Finance has plans prepared to deal in the event the food security law is challenged again, but the government will face a problem and there will be a disruption in the economy."
However, Allawi said, "The Food Security Law is devoid of any allocations to the Kurdistan Region."
The Budget Law and Contract Consolidation
He explained that “the budget law represents the state’s economic and investment vision and addresses future issues as well as operational aspects and cannot be compensated by the emergency support law,” noting that
“the economic outlook in which the government deals according to the budget law for the year 2021 and cannot continue with it because our vision differs for the year.” 2022".
He pointed out that "the general budget for 2022 was prepared by the Ministry of Finance last March, according to calculating the price of a barrel of oil at 60 dollars, with a total amount of up to 150 trillion, and it may include a small part of the borrowing," noting that
"there are amendments that will be made to the law according to recent changes and the rise in Oil prices.
He explained that "the budget law for the year 2022 may include job grades to install contract holders who have contract service of two years or more."
Investing the surplus
And the Minister of Finance added that "Iraq does not have a financial glut because export revenues will be received after three months, and
the increase in abundance may start from now, up to two billion dollars per month," noting that
"the part of the financial abundance will be invested in the nucleus of a sovereign and stable fund to address crises and prevent the recurrence of what happened from A shock in the late payment of salaries previously, as
Iraq is now in a good financial position, and
the foreign currency reserve will amount to 80 billion dollars, which gives the possibility to cover Iraq's need for imports for a year.
He explained that "to maintain the spending ceiling, it is preferable to legislate a law under the name of the Generations Fund,
but if this is not possible, the Ministry of Finance has the ability to manage it implicitly according to the available liquidity."
Federal Court decision and the region's oil
And Allawi said that "the decision of the Federal Court on the region's oil will force the Ministry of Finance to take into consideration the repercussions of this decision and not to give the Kurdistan region 12 percent and other allocations, unless a decision is reached to limit the region's oil exports to the hands of the federal government represented by SOMO," noting that
""Kurdistan region's oil exports after the Federal Court's decision have become illegal and no financial allocation for the region can be included in the current year's budget unless the issue of oil export is resolved and restricted to the hands of SOMO.
The personnel file and
explained that “the latest statistics on the number of those who receive salaries from the state in various segments amount to about seven million employees in the latest data of the Ministry of Finance,” noting that
“there is work in progress with the employment and tax number and will contribute to ending the file of double salaries, as well as job dropouts.”
Working with the electronic system in granting loans
And he indicated that "working the electronic system in granting loans and advances to employees and citizens of government banks and Rafidain Bank in particular will be soon after solving the technical issues associated with the contractor in managing the electronic system," noting that
"the interest imposed on granting loans and advances was developed according to a study to avoid the loss of any party as well as According to the market, cost and competition balance.
Dr. Allawi said, "The revenues generated from state real estate for the year 2021 and the first quarter of this year amount to one hundred million dollars."
opens 6 files with the Minister of Finance, including the confirmation of contracts, lecturers, and the 2022 budget
Investigations and Reports Yesterday, 19:42
Today, Monday, Finance Minister Ali Allawi
Revealed that the total amount of the Food Security Law is adjustable, and while he settled the controversy over the lecturers’ file and their fate with installation, he indicated that the budget law for 2022 is irreplaceable and will include degrees for stabilizing contracts..
Emergency support law
Allawi said in an extended interview with the Iraqi News Agency (INA), that "the food security law submitted by Parliament, its total amount is 26 trillion dinars, after adding a trillion to settle the file of lecturers and their treatment according to Resolution 315," noting that
"the emergency support law does not include Confirmation of contracts or lecturers, but only their adaptation.
He added, "The government's submission of the emergency support law before the Federal Court's decision was deliberate to support the fragile classes and to confront the rise in prices as a result of the Ukrainian war, as well as support the agricultural sector and create job opportunities in small and medium projects," noting that
the Financial Management Law does not give the space to process arrears and others, especially dues. Iranian gas has accumulated since the year 2020.
And he indicated that “the goal of the law is also to provide sufficient storage of wheat to face any future problems,” noting that
“emergency security cannot be a substitute for the budget law for 2022.
”It was submitted by the government, and tabs were added to it far from food security,” noting that
“the government agreed on the basic provisions of the current emergency support law submitted by Parliament.”
He noted that "the Ministry of Finance has plans prepared to deal in the event the food security law is challenged again, but the government will face a problem and there will be a disruption in the economy."
However, Allawi said, "The Food Security Law is devoid of any allocations to the Kurdistan Region."
The Budget Law and Contract Consolidation
He explained that “the budget law represents the state’s economic and investment vision and addresses future issues as well as operational aspects and cannot be compensated by the emergency support law,” noting that
“the economic outlook in which the government deals according to the budget law for the year 2021 and cannot continue with it because our vision differs for the year.” 2022".
He pointed out that "the general budget for 2022 was prepared by the Ministry of Finance last March, according to calculating the price of a barrel of oil at 60 dollars, with a total amount of up to 150 trillion, and it may include a small part of the borrowing," noting that
"there are amendments that will be made to the law according to recent changes and the rise in Oil prices.
He explained that "the budget law for the year 2022 may include job grades to install contract holders who have contract service of two years or more."
Investing the surplus
And the Minister of Finance added that "Iraq does not have a financial glut because export revenues will be received after three months, and
the increase in abundance may start from now, up to two billion dollars per month," noting that
"the part of the financial abundance will be invested in the nucleus of a sovereign and stable fund to address crises and prevent the recurrence of what happened from A shock in the late payment of salaries previously, as
Iraq is now in a good financial position, and
the foreign currency reserve will amount to 80 billion dollars, which gives the possibility to cover Iraq's need for imports for a year.
He explained that "to maintain the spending ceiling, it is preferable to legislate a law under the name of the Generations Fund,
but if this is not possible, the Ministry of Finance has the ability to manage it implicitly according to the available liquidity."
Federal Court decision and the region's oil
And Allawi said that "the decision of the Federal Court on the region's oil will force the Ministry of Finance to take into consideration the repercussions of this decision and not to give the Kurdistan region 12 percent and other allocations, unless a decision is reached to limit the region's oil exports to the hands of the federal government represented by SOMO," noting that
""Kurdistan region's oil exports after the Federal Court's decision have become illegal and no financial allocation for the region can be included in the current year's budget unless the issue of oil export is resolved and restricted to the hands of SOMO.
The personnel file and
explained that “the latest statistics on the number of those who receive salaries from the state in various segments amount to about seven million employees in the latest data of the Ministry of Finance,” noting that
“there is work in progress with the employment and tax number and will contribute to ending the file of double salaries, as well as job dropouts.”
Working with the electronic system in granting loans
And he indicated that "working the electronic system in granting loans and advances to employees and citizens of government banks and Rafidain Bank in particular will be soon after solving the technical issues associated with the contractor in managing the electronic system," noting that
"the interest imposed on granting loans and advances was developed according to a study to avoid the loss of any party as well as According to the market, cost and competition balance.
Dr. Allawi said, "The revenues generated from state real estate for the year 2021 and the first quarter of this year amount to one hundred million dollars."
