More News, Rumors and Opinions Tuesday Afternoon 4-23-2024
KTFA:
Clare: Deputy: The budget schedules will arrive next week
4/23/2024 Information / Baghdad...
Member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, confirmed on Tuesday that the 2024 deadlines will arrive next week.
Al-Karawi said in an interview with Al-Maalouma, “The 2024 budget schedules will reach Parliament next week according to our expectations,” pointing out that “the Finance Committee will discuss all its items during its sessions.”
He added, “There is a vision regarding resolving many files, including Baghdad’s lecturers and administrators and allocations.” “We seek to guarantee the rights of all segments in the budget schedules, in addition to creating high flexibility in their implementation through coordination with all relevant parties.”
It is noteworthy that Parliament is awaiting the 2024 schedules from The government is in order to study it before voting on it so that it can take its course in actual implementation.” LINK
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: [Alaq] is live and he is telling us be patient, we're working on raising the value of the dinar. He talked about how the IMF is helping and he talked about cleaning up the books...He wants us all to be patient. FRANK: You have been reassured by the right people that you're supposed to trust...You're about to get a new exchange rate with new denominations of lower notes because there going to lift the three zeros...I'm excited for you...Let's see what Sudani does next.
Militia Man Article quote: "...we present to them [IMF] a letter signed by the governor of the central bank and their desire begins..." Here it's starting to tell you the governor of the Central Bank has sent a letter, and the Ministry of Finance is involved, to the fund...without them saying it looks like they will accept article VIII compliance for their currency.
************
TNT:
Tishwash: Saleh: Submitting budget schedules to Parliament is a constitutional and regulatory context
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that submitting the budget schedules to the House of Representatives is a “constitutional and supervisory context.”
Saleh told {Al-Furat News} agency, “From both a constitutional and legal standpoint, the provisions that have been approved in the Federal General Budget Law No. 13 of 2023 (the tripartite budget) have become binding for implementation and in accordance with the instructions for implementing the general budget, both its operational and emergency parts, and because the application of the annual budget process The three medium-term financial plans have been approved in our country for the first time and in accordance with one of the texts included in the amended Federal Financial Management Law No. 6 of 2019.”
He stated, “The text stated in the Tripartite Budget Law that the executive authority submits tables related to expenditures, revenues, and the estimated deficit for the current fiscal year 2024 is a constitutional and supervisory context and falls within the duties of the legislative authority.”
Member of the Parliamentary Finance Committee, Haitham Al-Zahwan, announced on the 21st of this month, “There is a possibility to send the 2024 budget and approve it before the legislative recess of the House of Representatives begins next May 9.”
Al-Zahwan attributed the reasons for the delay in the arrival of the 2024 budget schedules to “the continuation of work on them,” expecting that “they will be sent within the coming days.”
The head of the Parliamentary Finance Committee, Atwan Al-Atwani, said in a statement that the committee is awaiting the arrival of the 2024 budget schedules during this month, while he stressed the effort to correct the path of the budget by maximizing non-oil revenues, encouraging the private sector, and reducing operational spending. link
Washington Receives a WARNING from the IMF to STOP SPENDING
Lena Petrova: 4-23-2024