News, Rumors and Opinions Monday Afternoon 11-30-2020
TNT:
Monday morning UPDATE for November 30, 2020
PM Kadhimi gave the order today to send the 2021 budget to the Council of Ministers for their immediate review.
The Kurds are bringing a delegation to Baghdad tomorrow to resolve issues relating to the 2021 budget, based on it being presented to the Council of Ministers this week.
CharlieOK: Great news re Kurds and Baghdad going to meet. I believe "that" domino is a big one.
Oldmanonthe river: If banks are waiting for us to come in, I would be happy to do so.
Tishwash: Economist: Non-oil revenues are sufficient to overcome the fiscal deficit of Iraq
Between the oil expert, Wissam Al-Tamimi, said that the non-oil revenues of Iraq are sufficient to exceed the likely fiscal deficit in the next year’s budget, pointing out that corruption is the only obstacle to the state’s access to its non-oil revenues.
Al-Tamimi told "the information", "There are expectations that there will be a deficit in the budget next year, reaching 50 trillion dinars, at a time when oil prices are still at the level of forty dollars a barrel, and in the event of an increase, the deficit will decrease more than the expected figure."
He added that "non-oil revenues are sufficient to overcome the fiscal deficit in the budget, but corruption is the only obstacle standing in front of the state getting its revenues in real numbers."
And that "a lot of resources are not utilized properly, especially with regard to gas, agricultural areas and abandoned residential lands, as well as the communications file that supplies the state with revenues that may constitute 10 percent of the budget or more." link
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Tishwash: Kurdistan government gives good news about paying salaries “soon”
The Kurdistan Regional Government announced on Monday that the salaries of employees will be distributed soon, noting that political auctions are behind the delay in sending Baghdad of 320 billion dinars to the region.
Regional government spokesman Jutiar Adel said in a televised statement followed by Shafaq News, that Baghdad had to send an amount of 320 billion dinars to the region to distribute salaries according to the agreement concluded between the federal government and the Kurdistan Region.
He added, “Because of the political auctions, the money has not been sent yet.”
Adel pointed out that “Erbil is waiting to send the amount from Baghdad,” adding that “if it is not sent, Erbil will soon start distributing the salaries of employees and retirees according to another mechanism and through internal imports.”
He pointed out that according to the agreement between the Kurdistan Region and Baghdad, the latter was scheduled to send a monthly amount of 320 billion dinars for the last three months of the current year 2020 until the beginning of next year 2021, but the amount has not been sent yet. link
Courtesy of Dinar Guru
Breitling ...People keep forgetting - the currency [Iraqi dinar] is undervalued. They devalued the currency. That's not a market rate. They kept printing the currency. They even said that they were going to do that. And they did that. So when they say they want to add value to the currency, I believe them because they followed through on everything... they are going to add value to their currency.
Austin Powers-For-PM Article: "The Iraqi government announces a positive development regarding the 2021 budget" Quote: “The seriousness of the Iraqi government in sending the draft budget bill for 2021 to the Iraqi parliament this week.” It sounds like they are seriously "On the clock".
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Fleming RV update:
Fleming: He said the RV release was pushed forward today Sun 29 Nov at 3:30 pm EST and rates are being locked in overnight tonight (already have been locked-in Mon morning 30 Nov as of 3:30 am EST) for the start of exchanges this week;
He said please pray this in people--there will be a meeting Mon 30 Nov 11am EST of the RV teams in the White House and this NEEDS TO GO WITHOUT INTERFERENCE;
Again he said prayers are needed and appreciated that this gets pushed ALL THE WAY THROUGH with NO MORE SWAMP INTERFERENCE at any level (UST, White House, State Dept, DOJ, FBI, CIA, politician corruptocrats [Pelosi, Schumer, et al.], courts [Justice Roberts has blocked the RV release for the Deep State for 20(!!) years, any wonder he is voting with the 4 minority left leaning SCOTUS justices now?? Roberts is a galactic disgrace], etc, etc--prayers are appreciated he said!
Iraq Finance Demanding Activation of Reform Now
Currency365: Nov 30, 2020
Iraq Preparing To Fully Join WTO Early 2021
Currency365: Nov 30, 2020