KTFA:

Clare:  Deficit” is the password.. Parliamentary Finance decodes the budget delay

5/7/2024  Baghdad

A member of the Parliamentary Finance Committee, Muhammad Nouri, revealed on Saturday that there was a large deficit within the 2024 budget, which obstructed sending its schedules to the House of Representatives for approval.

Nouri said in an interview followed by Mawazine News, “The delay in sending the budget schedules from the Council of Ministers to the House of Representatives for approval and then starting work on them is evidence of the existence of a large deficit within this budget, which has exceeded more than 80 trillion.”

He explained, “There is large government spending that accompanied the 2023 budget and continues until now, including paying the Kurdistan region’s dues and exceeding the original dues, and also the sanctions imposed by the US Treasury may have caused a weakness in revenues, which reflects negatively on the strength of the budget and the government’s ability to address this deficit.” “.

KTFA:

Clare:  The Specifications Department of the Central Organization for Standardization and Quality Control obtains a quality certificate in accordance with the international standard

5/7/2024

The Ministry of Planning announced today, Tuesday, that the Central Organization for Standardization and Quality Control has obtained a quality certificate in accordance with the International Organization for Standardization ISO 9001:2015 specification.

The Ministry stated in a statement: “The Specifications Department of the Standardization Department in the agency obtained this certificate, which is the first administrative formation in the Ministry to obtain a quality certificate from an entity that has been accredited by the Iraqi Accreditation Authority and the British Accreditation Authority (UKAS), which has received international recognition from the Forum.”

International Accreditation Agency (IAF), indicating that this certificate is internationally recognized and added: “The Standardization Department seeks to provide the best services to citizens by increasing the effectiveness and efficiency of its internal operations in issuing and approving Iraqi standard specifications and guidelines.

She pointed out: “Iraq has joined the World Trade Organization

KTFA:

Clare:  The Executive Director of the International Monetary Fund warns: Is there a possibility of the collapse of the global monetary system?

5/3/2024

The Executive Director of the International Monetary Fund, Alexei Mugin, said on Friday that he does not rule out the possibility of the collapse of the current global monetary system.

In an interview with the "Novosti" agency, Mogin asked: "Is there a possibility of the collapse of the global monetary system? It seems to me that such a possibility actually exists."

The expert pointed out that the current system relies on confidence that dollar assets are safe, but central banks, institutions, and even families have already begun to sell dollar assets and buy gold, due to growing lack of confidence in their safety.

Mougins warned of chaos in the global economy, noting that "once this confidence is lost, a period of chaos will occur in the global economy."