Cabinet holds the 39th session, decisions included

politics
  • 1-10-2024, 21:54
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    INA - BAGHDAD


    The Cabinet held on Tuesday the 39th session chaired by PM Muhammed S. Al-Sudani and issued several new decisions including allocating an amount of 40 billion dinars, from the emergency reserve and from the financial budget allocations to the Ministry of Health, Trade, and the Iraqi Red Crescent Society, to provide relief supplies to the people of Gaza and Lebanon.


    During the sessions, the general conditions throughout the country were discussed including several vital files, in addition to the topics included on the agenda and taking the necessary decisions regarding them, according to a statement by the Prime Minister's media office - received by the Iraqi News Agency - INA.


    "Iraq will continue to provide humanitarian needs to our brothers in Lebanon and Palestine, praising the donation campaign organized by the holy religious shrines, ministries and personalities, in addition to the great response of our people," PM Al-Sudani said, stressing "the continuation of relief efforts for our brothers in Lebanon, in light of the wave of displacement and oppression practiced by the occupation. The government has sent aid to Lebanon since the beginning of the crisis, including food supplies, medicines and ambulances." 


    The statement confirmed that "the Prime Minister directed that October 3rd be an official holiday on the occasion of the National Day of the Republic of Iraq, with the suspension of any celebration on this occasion, in solidarity with our brothers in Lebanon and Palestine, who are exposed to attacks and compelling circumstances." 


    The statement pointed out that, in response to the directives of the supreme authority in Najaf, and in implementation of the desire of our people to participate in the relief of the Lebanese and Palestinian peoples, who are exposed to difficult circumstances due to the sinful Zionist aggression, in continuation of the government's approach in supporting the brothers in Lebanon and Gaza, and to organize humanitarian relief campaigns, the Cabinet approved the following:


    1- Two bank accounts available to all citizens and institutions to receive financial donations and officially record them to spend them in humanitarian relief work for the people of Gaza and Lebanon. This will be under the supervision of the Prime Minister.


    2- All departments that received the donations will deposit them in the new bank accounts, and the Federal Financial Supervision Bureau will supervise and audit the accounts.


    3- The Cabinet also approved the allocation of 40 billion dinars, from the emergency reserve and the financial budget allocations to each of the Ministry of Health, the Ministry of Trade, and the Iraqi Red Crescent Society, to provide relief supplies to the people of Gaza and Lebanon, determined by the Supreme Committee formed in the PM's Office, and purchased by the above-mentioned parts, as an exception to the instructions for implementing government contracts, and the instructions for facilitating the implementation of the budget.

     

    Within the file of financial reforms, the Cabinet approved the allocation of an amount of 4 billion dinars to the Securities Commission to finance the project to update and maintain electronic systems for implementing trading in stocks and bonds, as well as exempting the project from the contracting methods stipulated in the instructions for implementing government contracts.


    The Cabinet approved increasing the capital of the Trade Bank of Iraq by 500 billion dinars from the profits achieved, and amending Cabinet Resolution - 24011 of 2024 - to include merging the Agricultural Bank and the Real Estate Bank only and also approved the Ministry of Finance taking appropriate measures to transform the Industrial Bank into a joint-stock company by using Ernst & Young to evaluate assets and amending the contract between the Ministry of Finance and Mustafa Ernst Young to include the aforementioned amendments.

    The statement concluded that "the Cabinet discussed other topics on the agenda and took the following decisions:

    First/
    1- Authorizing the Director General of the General Tax Authority to negotiate and initial the draft agreement to avoid double taxation and prevent tax evasion on income and capital between Iraq and Bulgaria, and authorizing the Minister of Finance to negotiate and sign the draft agreement mentioned between Iraq and Bulgaria, based on the provisions of the Constitution, and the Ministry of Foreign Affairs to prepare the necessary authorization document for the Minister of Finance and the Director General of Taxes, and submit it to the Cabinet General Secretariat to obtain the PM signature.

    2- Cancelling Cabinet Decisions - 103 of 2023 - and - 23396 of 2023 - regarding the draft agreement to avoid double taxation and prevent tax evasion imposed on income and capital between Iraq and Croatia.

    Second/ Approval of the Ministry of Health joining the Alliance for Transformative Action on Climate and Health, provided that the Ministry does not incur any financial or legal obligations.

    Third/ Increase the quantities of fuel supplied to the Popular Mobilization Forces’ vehicles, at 25 million liters free of charge, instead of the official price, to maintain logistical matters.