TNT – “Tidbits From TNT” Sunday (Easter) Morning 3-31-2024

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CandyKisses:  Al-Mandalawi congratulates Christians in Iraq and the rest of the world on the occasion of Easter

Baghdad / Nina / Acting Speaker of the House of Representatives Mohsen Al-Mandalawi congratulated on Sunday the people of the Christian religion in Iraq and the rest of the world, on the occasion of Easter (Easter).

Al-Mandalawi said in a post on the “X” platform, “We extend our best blessings to the people of the Christian religion in Iraq and the rest of the world, on the occasion of Easter (Easter), and we commend the role and contributions of the sons of this authentic component with the rest of the components of our dear people in building modern Iraq, and achieving stability and security for our country.

He added: “We affirm that this atmosphere of faith in the holy month of Ramadan, which coincides with the holidays of our Christian brothers, is an opportunity to strengthen the bonds of love, tolerance, peace and coexistence among the sons of Iraq, as well as an opportunity to renounce discrimination, extremism, terrorism and corruption, for a strong and prosperous Iraq.”

CandyKisses:  Iraqi provinces that suspended working hours next Monday

A number of Iraqi governorates decided to suspend the official working hours for next Monday (April 1, 2024).

The provinces of Basra, Najaf, Karbala, Diyala, Maysan, Dhi Qar and Wasit, Baghdad governorate departments, announced the suspension of official working hours next Monday, on the anniversary of the martyrdom of Imam Ali (pbuh).

The holiday excluded the security, service and health departments in the aforementioned governorates.

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CandyKisses:  Assurances that the government will proceed to remove US forces from Iraq

Information / Baghdad…MP for the Coordination Framework Mohammed Saadoun confirmed on Sunday the government’s determination to end the presence of the international coalition in Iraq and remove the US forces.

Saadoun told Al-Maalouma that “there are indications that Washington is not an object to the departure of its forces from Iraqi territory.””There are assurances from the federal government to remove US troops from Iraq, and they are proceeding with this.”

He pointed out that “the government seeks not to limit the relationship to the security field only, but to open up to other areas after the end of the tasks of the international coalition in the country and the removal of foreign forces from Iraqi territory.” 

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Tishwash:  Information” opens the files for installing lecturers, the exchange rate, and automation in the 2024 budget

An accelerated movement led by the Parliamentary Finance Committee in order to find objective solutions to many of the problems facing the economy and money in Iraq by pushing the government’s programs for implementation in light of the challenges imposed by the oil markets, which constitute an important criterion in determining the volume of money flowing to the country’s treasury, not to mention the rights of multiple segments awaiting resolution. In the 2024 budget.

The Information Agency interviewed Mudar Al-Karawi, a member of the Parliamentary Finance Committee, to find out the most prominent developments in the economic file in the country and its challenges during 2024.

Q/ When will the 2024 budget schedules reach Parliament and are there any important changes?

A/ We expect the 2024 budget schedules to arrive next week after they are completed by the government committee, after which they will be discussed by the committee, but it is too early to talk about its provisions in detail, but the Ministry of Finance is awaiting approval of the schedules in order to launch financing for all governorate projects according to the instructions.

Q/ Where has the automation file reached in state institutions?

A/ There is remarkable progress in applying automation, especially in the tax and customs departments, not to mention the rest of the other services, because it is a path that will reduce the routine of administrative procedures and close 50% of the doors to corruption, in addition to being an effort to develop non-oil revenues for the Iraqi treasury.

Q/ The 2020 lecturer file in education, will it be decided in the 2024 budget tables?

A/ The Parliamentary Finance Committee gives importance to this file, and we officially asked the Ministry of Finance to include their appointments within the Ministry of Education’s 2024 allocations, and we are awaiting the schedules in order to deal with them according to the procedures.

Q/ Will the exchange rate in the parallel market witness a greater decline in 2024?

C/ The Central Bank and financial measures contributed to stopping the fever of the exchange rate rise in the parallel market and even controlling it at high rates and the gradual decline that occurred, even if it was slow over the last five months, but it was the beginning of pushing it to be close to the exchange rate specified by the Central Bank of Iraq, i.e. The decline will continue

Q: Was the amount of money allocated to provincial projects in 2023 limited?

Q/ It was not limited, but rather it was at a high rate compared to previous years, especially since the total amount allocated amounts to more than 10 trillion dinars, and it covers more than 5 thousand projects in the governorates, but reaching the actual completion requires some time, especially with the procedures and time period to complete the stages. .

Q/ What is Iraq’s 2024 strategy to confront its financial challenges?

 A/ Iraq is still facing a real challenge represented by its dependence on the sale of oil as a primary resource for its treasury at a rate approaching 90% in light of price fluctuations that put the economy in a difficult situation from time to time. Therefore, there is a general trend in maximizing non-oil treasury revenues and establishing a culture of partnership between the two sectors. Public and private, to crystallize a long series of investments that create job opportunities and provide indicators of activity according to the principle of service in exchange for interest.”

Q/ What are the most prominent challenges of investments in Iraq?

 A/ For years, the security factor has been the most prominent challenge to investment and attracting capital, but the situation is currently different with stability and control of the security forces, but the marketing factor remains, creating flexibility in procedures, reassuring investors, and diversifying job opportunities are challenges that must be paid attention to, in addition to the necessity of ending any indicators of corruption that are trying to approach the file. Investing and seeking to reduce procedures in a way that contributes to attracting more money, especially since internal investment rates increased by 35% in the past 16 months.”

Q/ Is Iraq continuing to diversify currency baskets?

C/ A current reality imposed by international conditions on the importance of diversifying the basket of currencies in order to secure import needs from multiple origins and not to limit dealing to one or two currencies. Also, pushing the Iraqi reserve to the principle of diversification is very important, and it is a context that most countries in the world have begun to adopt in recent years.  link