“Tidbits From TNT” Sunday Morning 6-30-2024

TNT:

Tishwash:  In the presence of Al-Sudani...the launch of the central celebration of the National Day of the Iraqi Press

The activities of the central ceremony held by the Iraqi Journalists Syndicate on the occasion of the National Day of the Iraqi Press were launched at the Al-Rashid Hotel in Baghdad this morning, under the slogan (Iraqi journalists give freedom and inspiration to build)

In the presence of Prime Minister Muhammad Shiaa Al-Sudani, Acting Speaker of the House of Representatives Mohsen Al-Mandalawi, and the Head of the Journalists Syndicate.Iraqis, President of the Union of Arab Journalists, Muayyad Al-Lami, and a number of ministers, leaders, officials, ambassadors, and Arab and foreign delegations.  ink

Tishwash:  Next month...the salaries of retired workers will increase

The Ministry of Labor and Social Affairs will begin increasing the salaries of retired workers next July.

The Ministry's official spokesman, Najm Al-Uqabi, said in a statement received by Al-Maalouma, “The Ministry will begin implementing the increase in the salaries of retired workers starting in July, indicating that it will be in the amount of 150 thousand dinars distributed according to a retirement formula."

He pointed out that “the maximum limit for the worker’s pension will be 700 thousand dinars according to a retirement formula.” The one who receives the minimum amount of 350 thousand will have a salary of 500 thousand after adding the increase, and so on.”  link

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Tishwash:  Will the state adopt the provision of sovereign guarantees to finance private industrial projects?

The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, explained today, Friday, that the state has adopted a policy of providing sovereign guarantees for loans obtained by the private sector to finance an important package of private industrial projects.

Saleh told Al Furat News Agency: “There is a fundamental link in financing and implementation adopted by the government program and general policy in development, and its basics are summarized in the high implementation of the listed and ongoing government investment projects that faced procrastination and halting for many years.” 

He added, "The current investment program is based on completing the implementation of investment projects without interruption and in accordance with the financial resources allocated to them included in the Federal General Budget Law, while ensuring the sustainability of the funding sources necessary for the continuation of implementation, especially in the field of high-service infrastructure such as projects to develop electricity, drinking water, roads, sewers, etc., with priority that touches the lives of citizens."

 He pointed out: "Based on the above, the increase in revenues is one of the important financing levers in overcoming the problems that were facing government projects, which are called (slowed), and which have now entered into implementation and completion, in accordance with the approved policy (No more slowed projects)." 

 He expressed: "Therefore, there is a clear correlation between the capacity to implement urban projects in the country and the growth of public revenue sources (whether oil or non-oil) and harnessing their high financial flows to serve the requirements of economic development in our country in a way that maximizes the gross domestic product and provides high and sustainable employment sources at the same time.

The private sector assumes an important responsibility in implementation as it is the effective strategic partner in developing the Iraqi economy and advancing its infrastructure and various production activities."

 Saleh noted that "the state has adopted a policy of providing sovereign guarantees for loans obtained by the private sector to finance an important package of civil industrial projects, most notably projects to produce industrial and construction outputs related to the advancement of reconstruction, housing and infrastructure, with sovereign guarantees for the private sector amounting to 85% of the value of private activity, specifically industrial activity."    link

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Tishwash:  Economist reveals the main factors that influenced the implementation of the Maronites

 Former Director of the Financial Supervision Bureau, Salah Nouri, revealed today, Friday, the basic factors that influenced the implementation of the budget approval.

Nouri told Al Furat News Agency: “The main factors affecting the proper implementation of the Maronites are: 

_Approval of the budget early, at least in the third month of the fiscal year 

_Accuracy of financial allocations according to the priorities of the government program 

-The speed of cash financing for public spending units. This concerns the duties of the Ministries of Finance and Planning, the Council of Ministers, and the Representatives

As for the executive departments, Salah added, “Transparency, integrity and quality in the use and spending of funds according to the approved financial allocations.” 

He stated, “The efficiency of the executive human resources in the public spending units, based on the basics of implementing the aforementioned general budget, will greatly affect the achievement this year in terms of delays in approving the budget and delays in financing, in addition to the weakness of efficiency, transparency, integrity, and quality, especially in investment projects.”  link

Mot: ... the Wisdom of ole ""Earl""

Mot:  Perfect It Was !!!