Iraq parliament : Their holiday ends on January 9th to resume their session of parliament after January 9th.
Parliament conforms to World Bank on the importance of government infrastructure in development.
Parliamentary Finance Committee stresses government control of the Development Road Project's infrastructure. In talks with the World Bank, led by Jean-Christophe Carré, they discussed railway upgrades, investment, and job prospects. The World Bank will lend for this initiative, aiming to make Iraq an economic link between Asia and Europe, with a feasibility study due in February
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https://ina.iq/eng/37569-parliament-conforms-to-world-bank-on-the-importance-of-government-infrastructure-in-development.html
Government sources revealed on Wednesday that Iraqi Prime Minister Mohammed Shia al-Sudani will sign about 8 memoranda of understanding with Iran in the security, economic and tourism fields.
The sources told Shafaq News Agency, “The visit of Al-Sudani and his accompanying delegation was not limited to discussing the latest developments and changes in the region and its security only, but it is hoped that memoranda of understanding (security, economic and tourism) will be signed according to controls and paragraphs agreed upon between the two sides.”
The sources explained that “the memoranda of understanding will be signed by members of the delegation accompanying the Iraqi Prime Minister with their counterparts from the Iranian side.”
Earlier today, Prime Minister Mohammed Shia al-Sudani reiterated his respect for the will of the Syrian people and support for any political framework they choose, while stressing Baghdad’s keenness to establish balanced relations with all regional and international parties.
Al-Sudani said, in a joint conference with Iranian President Masoud Pezeshkian, which was followed by Shafaq News, that “the visit to Tehran comes to strengthen bilateral relations between the two countries and the meeting with Pezeshkian, discussed this file and at the level of all common areas,” indicating that “the meeting also witnessed a discussion of the file of supplying Iraq with gas and energy.”
Al-Sudani added, “The coming days will witness ministerial-level meetings between the two countries to discuss strengthening joint relations between Baghdad and Tehran,” stressing at the same time “following up on joint projects with Iran, especially the railway and housing sectors.”
During his current visit to Tehran, Al-Sudani discussed with the Speaker of the Iranian Islamic Shura Council, Mohammad Baqer Qalibaf, “bilateral relations between Iraq and the Islamic Republic of Iran, and ways to enhance them in a way that serves mutual interests, and emphasized the enhancement of cooperation in common files, as well as supporting cooperation between the legislative authorities in Iraq and Iran, in a way that contributes to consolidating the interests of the two countries.”
The meeting also discussed, according to a statement by Al-Sudani’s office received by Shafaq News Agency, “developments in Syria, where the unity of Syrian territory was emphasized, support for security and stability in it, and the necessity for the new political system to guarantee the rights of all Syrian components and spectrums, as well as joint work to reduce tensions and double efforts to establish regional and international peace and security.”
Al-Sudani arrived in the capital, Tehran, on Wednesday morning, on an official visit in response to an invitation extended to him by Iranian President Masoud Pezeshkian.
...Let’s revisit this...Oil and Gas law...Remember that this is a constitutional requirement...
We have been told many times in articles that this “referendum” must be written and passed as part of the “Stability” for Iraq. Article: "A GUARANTOR OF ZEROING OUT CRISES...PARLIAMENTARY DEMANDS TO LEGISLATE THE OIL AND GAS LAW”.
In the article the Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, “to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible.” Why the urgency? WOW, WOW, WOW!
Iraqi economy enters "dark tunnel" and MPs are concerned about the delay in sending budget tables
Warnings are increasing that Iraq will face major economic difficulties during the current year and the coming years, for reasons most notably its reliance on oil as the sole source of the financial budget and the lack of alternatives, especially with the increase in population.
Experts confirm that the failure to diversify the country's sources of income and invest oil revenues in providing job opportunities and producing goods and services threatens to spread unemployment among young people, while fluctuating oil prices threatens the country's economic and financial stability.
In this regard, economic expert Nabil Al-Marsoumi warned today, Monday, of Iraq entering a dark and critical economic tunnel due to wrong policies, which affects the vulnerable and middle-income classes.
Al-Marsoumi said in an interview with Al-Maalouma Agency, “Iraq has begun to enter a dark and critical tunnel due to wrong economic policies, failure to provide job opportunities, and resorting to appointments, and here lies the dilemma,” indicating that "When the state is late in paying salaries, the general economic movement and all components of the private sector and the fragile and middle classes will be affected."
He added, "There is a lack of economic development and a development vision, and therefore things will continue as they are, and whenever oil prices decline, Iraq will find itself in the midst of great difficulties." He explained that "the increase in population requires raising public spending, while revenues are stagnant as a result of relying on oil as the sole resource for the budget and the failure to use its revenues to build a diversified economy that produces goods and services."
He points out that "there is no short-term solution and the government may resort to deducting a percentage of the Central Bank's transfers and borrowing from domestic banks, and the real solution lies in providing new financial sources other than oil," noting that " Continuing things as they are now will lead to a major problem and unemployment among young people will increase in the coming years.”
The 2025 budget has not yet been approved, while MPs confirm that the budget schedules have not been sent to the House of Representatives.
MP Ahmed Al-Sharmani expressed his concern today, Monday, regarding the delay in sending the 2025 budget tables by the government to the House of Representatives, noting that the parliament is still not aware of the details of these tables until now.
Al-Sharmani explained in a statement to / Al-Maalouma / agency, that “according to the Financial Management Law, the budget tables must be sent to the House of Representatives at the end of October of each year, and that delaying this is a legal violation, especially since this delay has been repeated annually for years,” explaining that “the current delay is another legal violation, as there is no specific date for sending the budget tables.”
He points out that "there is a possibility that the government is linking the sending of these tables to amending the law proposed in Parliament, which will lead to an additional long delay in light of the ongoing disagreements over the proposal."
He explained that “the House of Representatives is still not aware of the 2025 budget schedules yet, and there is no specific date for sending these schedules.”
In contrast, the Prime Minister's financial advisor, Mazhar Muhammad Salih, confirms that the growth rates of the non-oil GDP will rise to an unprecedented level during 2024, while pointing out that the government program has succeeded in controlling financial diversification in the general budget and the national economy in general. link
PM Sudani and the PM of Iran to meet tomorrow. Curious to see what comes of that.
Meanwhile, President Trump issues an edict that if he doesn't get our hostages back in twelve days, all hell will break loose in the middle east. Could that be Trump forcing the hand of Iran off of Iraq?
Which will allow Iraq to reset? Then Vietnam and so forth. Pray for the fires here in Southern California. The smoke makes the air quality terrible
Parliamentary Finance Committee stresses government control of the Development Road Project's infrastructure. In talks with the World Bank, led by Jean-Christophe Carré, they discussed railway upgrades, investment, and job prospects. The World Bank will lend for this initiative, aiming to make Iraq an economic link between Asia and Europe, with a feasibility study due in February
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ina.iq/eng/37569-parl