Vice chest: fiscal policy in Iraq, a volatile because of political differences

February 3, 2012 15:51

MP for the Liberal bloc of the Sadrist movement Jawad Jubouri economic policy in the country as "volatile and unstable due to differences between the political blocs and that accompany the adoption of the budget in every year."

Jubouri said in a statement to all of Iraq [where] on Friday that "fiscal policy in Iraq, a turbulent and unstable because of the differences between the political blocs and T associated with adoption of the budget each year for distribution to the provinces," explaining that "the Parliament to give priority to projects are needed the country for the advancement of the actual economic reality. "

He added that "the financial resources in Iraq and a variety of different views and the great but what happens is confusion in the adoption of the budget funds are transferred to impact one way or another to the Parliament then distributed to the relevant authorities to be paid on completion of service projects"

Jubouri and that "the government approval of monetary policy and the development of long-term Asttratejah to organize the budget disbursement and activating the supervisory role and the organization of courses in economic culture within organizations and reduce the waste of public money and put an end to administrative corruption."

The last week has seen reading the draft general budget of the country in 2012 amid calls for the necessary doors should pay some of the budget and leave the doors of the budget is necessary.

The Iraqi government has approved in early December last budget in 2012 amounted to a total value of $ 100 billion, the largest budget in the history of Iraq.

The percentage of funds allocated for investment projects in the budget, 35%, while the rest of the acquired operating budget, particularly on the remaining ones.

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Iraq eyes waiver on U.S. Iran sanctions

Fri Feb 3, 2012

* Iran is a major trade partner for Iraq

By Patrick Markey

BAGHDAD (Reuters) - Iraq could seek a waiver from the United States on sanctions on Iran because of its high trade with the neighboring country and to protect its foreign reserves from penalties, an Iraqi government spokesman said on Friday.

The U.S. government in December signed a law imposing sanctions on financial institutions dealing with Iran's central bank, the main channel for its oil revenues and the European Union has also announced a ban on Iranian oil shipments.

Iraq's Shi'ite-led government has moved closer to Tehran since the 2003 invasion and Iran is now Iraq's main trade partner after neighboring Turkey.

Tehran said last year it planned to boost bilateral trade to $10 billion in 2011 from $6 billion in 2010.

"Iraq is considering a waiver from the United States in order not to violate any sanctions," Iraq government spokesman Ali al-Dabbagh said. "We are exposed to any penalties on countries not following U.S. sanctions."

Japan is also weighing a possible waiver on the new U.S. sanctions and is seeking ways to reduce its reliance on Iranian crude shipments.

DELICATE ISSUE

Under the U.S. law, the White House can exempt institutions in a country that has significantly reduced its dealings with Iran and in situations where a waiver is in U.S. national security interest or necessary for energy market stability.

Iraq has $60 billion in foreign reserves, most of which are generated by its oil revenues. Countries and companies trading with Iran risk being barred from the U.S. financial system under the terms of the sanctions.

The U.S. government has so far not been officially contacted on the waiver by Iraq, a U.S. embassy spokesman said.

The Iranian sanctions are a delicate issue for Baghdad, which has strong political ties with neighboring Iran and Syria, which is also facing international penalties.

The Islamic Republic now provides Iraq with fuel and electricity for its domestic market as well as imports of food, construction materials, petrochemicals and medical equipment. Iran has invested heavily in factories and power plants as part of Iraq's post-war reconstruction.

Baghdad has rejected Arab League calls for sanctions on Syria, it says in part because of Iraq's own experience with sanctions during the Saddam Hussein era.

Washington and Europe have moved to tighten restrictions on Iran in a bid to force Tehran to curb its nuclear program, prompting Iran to respond with threats to close the Strait of Hormuz shipping line if sanctions stop it exporting crude.

(Reporting by Patrick Markey; Editing by Sophie Hares)

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Maliki seeks to end all outstanding issues between Iraq and Kuwait by diplomatic means and without problems

03-Feb-2012

Government spokesman Ali al-Dabbagh that 'the visit of Prime Minister Nuri al-Maliki to the State of Kuwait continues to list', explaining that 'the Prime Minister of the visit seeks to end all outstanding issues between the two countries diplomatically, and without any problems.'
Al-Dabbagh said in a statement received by the agency and the solution (News) a copy of it to the 'President's visit to Kuwait will be the government after the parliament elections and the completion of all procedures for the formation of the government there.'

The government spokesman added that 'to meet with Prime Minister Maliki with senior officials of the State of Kuwait is very important as how to focus on resolving the outstanding issues between the two countries, including the issue of border demarcation and compensation as well as other files of interest to the two neighboring countries'. Finished / p

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Saad al-Maliki calls to speed on his visit to Kuwait to resolve outstanding problems, including the port of Mubarak

2012-02-03

BAGHDAD (Iba) .. MP has called on the mass of the Virtue Susan Saad Prime Minister Nuri al-Maliki to accelerate to visit Kuwait to resolve outstanding problems, including the port of Mubarak.

Saad said that these problems are threatening the Iraqi citizen, and greatly affect the standard of living has continued: We have heard several months ago, on the completion of the basic designs of the port of Faw, but so far have not touched anything on the ground, and this is very dangerous.

She added that politicians and citizens are waiting with anticipation for the establishment of strong port of Faw, which now is a dream for them because it will revive the Iraqi economy.

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Director of the Bank of the economy calls for tighter control of border crossings and the Iranian banks to combat smuggling and counterfeiting

Friday 03/02/2012

Baghdad (news) .. called economic expert, director of Egypt's economy for investment and funding Husam Obeid to tighten control over border crossings and the Iranian banks to combat smuggling and counterfeiting of currency, stressing the need for a definition of the Iraqi citizen specifications of the official currency prevent the incidence victim of fraud by counterfeiters. Obaid said (of the Agency news) Friday: The process of currency smuggling abroad and the introduction of counterfeit currency into the country have a significant adverse impact on the Iraqi economy through the risks to the Iraqi currency of the fight against severe, leading to the lower exchange rate. The slaves: that Iran has advanced in the matter of printing and currency counterfeiting especially as the dollar fake it comes from Iran during the Iran-Iraq war as well as during the siege imposed on Iraq in the nineties of the last century, and today the issue has become inverted, as Iran is exposed to an economic blockade, which means that smuggling and money counterfeiting of currency will be active today, which could lead to considerable confusion in the work of relevant departments such as the Central and the Rafidain Bank, and this will lead to negative results, we hope not to occur. He slaves: that public awareness is very important in this area, it must be recognized by every Iraqi citizen on the specifications of counterfeit currency, and the central bank to give the specifications of the official currency in order to avoid the occurrence of simple people victim to smugglers and counterfeiters, and continued: the media also do an awareness campaign and extensive this area. And it is very important that is to tighten control over border crossings to reduce the smuggling of currency and control of some banks are exceptional, as it is certain that the main sources of currency trading is the banks. Obaid stressed the need to tighten controls on Iranian banks and the banks that are dealing with is a very important issue in the fight against this phenomenon. / End / 33. N. R / Link

Maliki's coalition reveals an agreement within the National Alliance on a candidate for Minister of the Interior

03/02/2012

Baghdad, February 3 (Rn) - The State of Law Coalition led by Prime Minister Nuri al-Maliki, on Friday, on an agreement within the components of the National Alliance on a candidate for the post of interior minister, indicating that the resolution of a baggage security requires the submission of the Iraqi List of candidates acceptable.

Maliki has vowed to give him confidence during a session in late 2010 to work on naming ministers of the ministries that are managed by proxy within weeks, but that did not happen because of differences between the blocks on some of the names of candidates to fill the bags of the security ministries.

Under the agreement between the political blocs that called the National Alliance candidate for the Ministry of Interior and the coalition in Iraq another candidate for the Ministry of Defence.

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Iraqi meet Sunday to take a position on the return of its ministers to attend cabinet meetings

03 February, 2012

Revealed an MP for the Iraqi List, reproach the league, for a meeting of leaders of the blocks of the Iraqi List, next Sunday, to take a position on the return of its ministers to the government.
And suggested periodic return of Ministers for their natural in the government, hoping to hold the National Conference after the return of Iraq and its success in ending the current political crisis. And followed the league, that the Nuri al-Maliki, the prime minister of all Iraqis, that expands his chest and eliminates the request to withdraw confidence from his deputy, Saleh al-Mutlaq, and show good intentions, especially after the return of Iraq to their nature.
For his part, MP for the Iraqi List, Hamid al-Mutlaq said the return of Iraqi ministers to attend the meetings of the Council of Ministers is still under study.
Mutlaq stressed the need to resolve differences between the coalition and Iraqi rule of law, stressing the commitment and the decision of the Iraqi ministers of the list. On the meeting between Prime Minister Nuri al-Maliki and a number of ministers of Iraq, said al-Mutlaq said the visit was at the invitation of the Prime Minister and discussed with him on a number of issues, but the return of Ministers of the Iraqi government's decision, however, the list of Iraq alone is still studying this issue in light of positive signs from its partners in the political process.

Ali Falh: National Conference was held in two weeks .. And the crisis on the way to resolve

03/02/2012

Baghdad (news) .. expect the State of Law coalition member MP / National Alliance / Falh the National Conference to be held within two weeks, noting that there were signs to resolve the crisis, especially after the return of the Iraqi List, to the House and Cabinet.
Falh said in a statement (of the Agency news) Friday: The current political crisis on its way to the solution, especially after the return of the Iraqi List, to the Parliament and the return of their ministers in the next week to the Council of Ministers.
He added: Despite the signs appeared to resolve the crisis but there is consensus on the need to hold a national conference to resolve differences radical, expressing his hope that held during the next two weeks.
And the MP for the coalition of state law: that the convening of the conference depends on the bilateral dialogues conducted by President Jalal Talabani, Prime Minister Nuri al-Maliki and the President of the House of Representatives Osama Najafi, as well as other political leaders.
He was a member of the Kurdistan Alliance MP / Kurdistan Alliance bloc / Hamid Buffy the ills delay a national conference, due to lack of agreement on the political blocs interlocutor.
Said Buffy in an earlier statement (the news): The differences between the political blocs and a trip by President Jalal Talabani to the outside for the purpose of treatment was the reason for delay in holding the National Convention, in addition to the lack of agreement on axes, indicating the following: that in the event of the conference, without providing an atmosphere appropriate for him and his failure will lead to convert the political situation for the worst.
The Kurdish MP: that the conference not be useful or productive in the event of non-compliance with its terms all the political parties and the decisions that come out of. / Finished / 2. N. R /

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