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- October 20, 202616°
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- INTEREST37.00%-1.00
- BITCOIN81,746-0.12%
- October 20, 202616°
Iraq’s al-Zaydi reiterates he will not seek a second term
Iraqi Prime Minister Ali Falih al-Zaydi reiterated at the 8th Baghdad Dialogue Conference in Baghdad that he would not seek a second term. He said the government was continuing its efforts to strengthen state institutions, develop the economy and combat corruption.
Iraqi Prime Minister Ali Falih al-Zaydi once again announced during a session held as part of the 8th Baghdad Dialogue Conference in the capital Baghdad that he would not seek a second term.
Al-Zaydi said the government’s priority was to focus on building the state and the economy rather than forming a new government. He said Iraq could overcome the challenges it faces through its existing capabilities, resources and determination.
Describing his decision not to seek a second term as a necessity for him personally, al-Zaydi said future governments would benefit from the results of his government’s reform programs.
Anti-corruption and economic goals
Al-Zaydi’s previously announced vision for the government includes combating corruption, bringing weapons under state control and establishing a sustainable economy that would reduce dependence on oil revenues.
As part of these efforts, the government made it mandatory for ministers to declare their assets. The Integrity Commission was instructed to prioritize recovering the portion of public funds obtained through corruption.
At the government’s 7th meeting, it was decided to suspend investment contracts whose change orders exceeded 25 percent. These orders cover contract amendments prepared to change the quantities of materials or add new work not included in the original plan during project implementation.
Tax on oil companies and private universities
At the government’s 8th meeting, it was decided to impose a fixed income tax of 35 percent on foreign oil companies. Private universities were also required to pay taxes.
The Iraqi government considers these measures part of a process covering the legal, security and judicial spheres to combat corruption.
Al-Zaydi government wins vote of confidence
Al-Zaydi’s government won a vote of confidence in the Iraqi Parliament on May 14, following political negotiations on forming the new cabinet. A total of 270 of the 329 lawmakers took part in the vote.
In addition to al-Zaydi, Parliament approved 14 ministers in the government. The appointment of nine ministers was postponed to allow the political talks to be completed.
Al-Zaydi assumed the premiership as the representative of the Shiite component with the support of the Coordination Framework. Nizar Amidi serves as president as the representative of the Kurdish component, while Haybat al-Halbusi serves as speaker of Parliament as the representative of the Sunni component.
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