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Post Info TOPIC: Weekend UPDATE for June 6 - 7, 2020


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Weekend UPDATE for June 6 - 7, 2020
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Parliament passes vacant candidates and succeeds in completing the Al-Kadhimi government.
Shafak News / On Saturday, the House of Representatives voted on the seven vacant portfolios in the government of Prime Minister Mustafa Al-Kadhimi.


 
Prime Minister Mustafa Al-Kadhimi said that completing the cabinet is an additional motive for implementing the ministerial platform. He added in a tweet on Twitter, that "completing the ministerial cabinet with the House of Representatives voting on the names we presented, is an additional motive to implement the ministerial curriculum, and to fulfill the obligations of the stage and abide by our promises before our people who are waiting for actions, not words."
 
The Kurds are sending a delegation to Baghdad  next week to finalize the deal. That's the oil and gas Article 140. That should be the final missing part since the full cabinet is now seated.
 
The House of Representatives also voted to authorize the Prime Minister to create a state ministry to be its minister for the Turkmen component in order to encourage components and participate in state building. #wearethepeople




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The Parliamentary Legal Committee confirmed, on Sunday, that the upcoming parliament sessions will be devoted to passing the Federal Budget Bill for the year 2020 and the Federal Court Law



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Late Sunday....



JUST IN FROM IRAQ...... A One Week curfew has been extended starting Sunday. Also, the Iraqi Stock Exchange will be closed for one more week.

Finance minister on TV saying we will introduce economic and financial reforms in 3 months to the people of Iraq.

A special report is on live news conference is saying it will take 45 to 60 days to do 3 readings and approve the budget thereby explaining the 3 months on reform. They say it will take that long to approve budget is being broadcast on Iraqi TV. It has to be read 3 times in Parliament and the process will take 45 to 60 days.

On an Iraq TV live news conference today, a spokesman said citizens will receive economic and financial reforms within 3 months. It is believed that he stated 3 months due to the budget taking 45 to 60 days to be studied and passed and read 3 times in Parliament but we think this budget "should" be done in 2 weeks due to the impact it will have on the country so the rush is apparent on the budget, but the rate can come out prior to the budget so it's possible that we could see that happen by the end of June.

Just a reminder: Iraq has announced tariffs will begin at all ports on July 1, 2020. In order to do that, we must have a international rate because countries from all over the world will be paying these rates on goods and services entering Iraqi ports. This cannot work on a program rate. Just some food for thought. smile



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