More News, Rumors and Opinions Tuesday Afternoon 1-2-2024
Five More Countries Formally Join BRICS
January 1, 2024
Five countries formally join BRICS
The BRICS memberships of Saudi Arabia, Egypt, the United Arab Emirates, Iran and Ethiopia officially took effect on Monday.
The countries were invited to join the group in August 2023 after the 15th BRICS Summit in Johannesburg, South Africa.
Originally comprising Brazil, Russia, India, China, and South Africa, BRICS, an important platform for cooperation among emerging markets and developing countries, has received numerous membership requests in recent years.
Source: The Standard
https://dinarchronicles.com/2024/01/01/five-more-countries-formally-join-brics/
KTFA:
Clare: Parliamentary Finance: The current year’s budget will change significantly
1/2/2024 Baghdad: Shaima Rashid
The Parliamentary Finance Committee announced that the 2024 budget will witness changes in its operational and investment parts.
Committee member Jamal Cougar said in an interview with Al-Sabah: “The 2024 budget will make many changes and it will be something different in terms of resources and estimates of oil prices and expenditures, as is the case with its plans as it is a new year that will carry new projects.” Stating that "amounts have been determined for some projects, and either they have been spent or will be spent in the near future, and these projects will be produced. There are also new appointments that occurred in the previous budget, and these are all variables that were not present in the 2023 budget."
Koger added, “Every year, the operating budget increases, while changes occur in the investment budget,” stressing that “when the government presented a budget for three consecutive years, the first goal was to continue spending beyond the first of January and ensure that we are not exposed to problems stopping the fiscal year and work in accordance with The principle of spending is one out of 12 until a new budget is approved.”
The representative continued, “Parliament granted the government the authority to continue spending the 2023 budget until it is completed and begin the 2024 budget without interruption,” expecting that “the government will not change anything in the 2024 budget, and since it did not spend the previous budget in the required manner, it will not need loans in the new budget.” ". LINK
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Clare: The Sudanese advisor clarifies a basic condition for amending the tripartite general budget
1/2/2024
The economic and financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Tuesday, that the federal government has the right to amend some variables in the tripartite general budget if necessary.
Saleh told {Al-Furat News} that: “If the executive authority finds a basic need to amend some variables in the current tripartite general budget, the House of Representatives can be approached for the purpose of obtaining a legislative decision regarding the amendment requested by the executive authority.”
Saleh added, "An amendment can then be made to some paragraphs of the legally approved budget if so desired."
It is noteworthy that Prime Minister Muhammad Shiaa Al-Sudani announced that the government would continue efforts to amend the budget law. In order to separate the salaries file from any complications surrounding the financial files between the federal government and the Kurdistan Regional Government of Iraq.
From: Raghad Dahham LINK
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The monetary reform is successful. All they need to do now is give them the new exchange rate and the new currency that they've been talking to them about. It's successful. That's why everybody's signing contracts left and right and pouring into Iraq...You honestly think the contracts are being signed at a program rate? Of course not...
Yada The removal of the dollar will increase the value of the dinar from the reissued rate and none of the international contracts would be worth anything if the rate was not adjusted. We are in the midst of seeing that now... Understanding where Iraq came from, what they had to do go get back to international standard, and watching it come to pass as needed is key to confidence we are about see it transpire.
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BRICS MASSIVE EXPANSION: Russia Is Chair In 2024, New Strategic Members, Focus Areas For New Year
Lena Petrova: 1-2-2024