News, Rumors and Opinions Sunday Morning 11-13-2022
KTFA:
Samson: The countdown begins.. Parliament awaits the budget from the government before December 9
11/13/2022 14:54:59
The representative of the Kurdistan Democratic Party, Shirwan Al-Dobardani, called for the government to send the draft financial budget law for 2023 before the ninth of next December, that is, before the start of the legislative holiday after extending the work of Parliament for a whole month.
Al-Dobardani said in a press statement, "The federal government is scheduled to send the draft budget law to the House of Representatives soon," noting that "Prime Minister Muhammad Shia' al-Sudani formed a committee to prepare the budget as soon as possible and send it to the House of Representatives."
He explained, "It is possible that the budget will be sent in the month of December next," noting that "the ninth day of next December will witness the start of the second legislative recess, except in the event of an extraordinary session, so the budget should be sent before the holiday." He pointed out that "the Finance Committee begins with the first reading, and in the second the amendments, and then vote on the paragraphs of the budget."
It is noteworthy that the fiscal year covered by the general budget law ends on December 31 of the same year, and the financial management law, which requires the disbursement of a part of twelve parts of the actual spending in the previous year, is being implemented until the issuance of the new general budget law.
The size of the federal budget for the year 2021 was more than 101 trillion dinars, and the price of oil was estimated at $45 per barrel, but the price of oil has risen to nearly double that price.
It is noteworthy that the program of the new government headed by Muhammad Shia' al-Sudani made it a top priority to push the draft budget law for the year 2023 to parliament. In this regard, Finance Minister Taif Sami said in a statement, "The approval of the budget bill for next year will take place before the end of this year." LINK
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Courtesy of Dinar Guru
Mnt Goat Article: "PARLIAMENTARY FINANCE EXPECTS THE DATE FOR APPROVING THE 2023 BUDGET" ...I have to tell you don’t expect the budget until 2023...Yes, I certainly hope they will send it to parliament this month of Nov and quickly read it and pass it. But come’on folks, this is Iraq.
Nader From The Mid East From the beginning I said the exchange rate it's not under the budget and it's not going to be in a budget. The CBI who make the decision. It's not the government. The government can vote for it and push the CBI but if the CBI says no it's no. There's no choice.
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China’s Visit To Saudi Arabia Will Change The World Order
Sean Foo: 11-13-2022
President Xi is going to visit Saudi Arabia and this meeting could change the balance of power in the world. China is looking to secure their economic future with the help of MBS, while Saudi Arabia is pivoting to the East.
This could be the start of an economic alliance that could drive economic growth in Asia and drain power away from the West. Here's what you must know!
Wall Street panicked! Fed actions cause Japan to clear out US debt!
Deepin Moments: 11-13-2022
Did you know? It costs the Federal Reserve only 20 cents to print one hundred dollar denomination, leaving $99.8. Experts often say that because of the hegemony of the dollar, these become the minting tax of each country.
For every piece of "green paper" printed by the United States, the world has to pay for the U.S. government with ninety-nine.8 dollars of goods. However, such a situation may no longer exist in the future!
What BRICS Expansion Means For The Petrodollar, Inflation & Silver
Smart Silver Stacker: 11-13-2022
BRICS is expanding. According to Russian foreign minister Sergey Lavrov, 12 new countries have plans to join BRICS. Most notable, this list includes the world's largest exporter of crude oil, Saudi Arabia.
The expansion of BRICS threatens US hegemony on many fronts, but none more so than the risk posed to the petrodollar system, a fundamental underpinning of the US Dollar's status as the world's sole reserve currency.
At a time when US-Saudi relations are at an all time low, Saudi Arabia's pivot toward Asia is unmistakable.