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Minister Of Interior Calculates The Amount Of Revenues During The Year 2023, 15 OCT

Minister Of Interior Calculates The Amount Of Revenues During The Year 2023

Minister of Interior Abdul Amir Al-Shammari  Money and business  Economy News - Baghdad

The Parliamentary Finance Committee stressed, on Monday, the importance of forming a committee to study non-oil revenues and monitor their distribution, while Interior Minister Abdul Amir Al-Shammari indicated that the total revenues for 2023 amounted to 757 billion dinars, which were returned to the state treasury.

The committee said in a statement, seen by "Al-Eqtisad News", that it "hosted, headed by Atwan Al-Atwani, and in the presence of its members and a number of members of other parliamentary committees, the Minister of Interior, Abdul Amir Al-Shammari, and his accompanying delegation, at the committee's headquarters to discuss issues related to maximizing revenues and mechanisms for improving the provision of services to citizens."

Al-Atwani welcomed the Minister of Interior, noting that "the Finance Committee works according to the principle of joint integration to support the government."

He stressed the "need for solidarity in studying the financial and economic situation and pointed out that reliance on oil as a primary resource does not achieve the financial stability required to achieve sustainable development."

The committee stressed the "importance of forming a committee to study non-oil revenues and monitor their distribution, in addition to analyzing the state's assets and studying their financial statements. The issue of those whose contracts were terminated and the transfer of beneficiaries of the social protection salary to the ministry to benefit from their services was also addressed."

For his part, the Minister of Interior appreciated the efforts of the Finance Committee and the parliamentary committees in supporting the ministry and the government, explaining that "the ministry has received the security file for a number of governorates and is continuing to work on receiving the rest of the governorates, according to the government program."

He provided an explanation of the ministry's plan to maximize non-oil revenues, noting that "total revenues for 2023 amounted to 757 billion dinars, which were returned to the state treasury."

Discussions between the committee members and the Minister touched on many of the Ministry’s issues, including the services of issuing electronic passports and unified cards, the revenues of the Ministry’s fund and other departments, the importance of electronic automation and functional intersection, in addition to discussing the issue of residential complexes.

The committee also inquired about the criteria for distributing job grades according to governorates, stressing the "need for coordination and work to complete the 2025 budget schedules on time."

79 views  Added 10/14/2024 - https://economy-news.net/content.php?id=48701

RV UPDATE BY WOLVERINE, 15 OCT

 Wolverine

“Some holders are already testing with the QFS payment system. 

They are working the system to see how they can start paying their members. 

This is now definitely coming. 

Just brace yourself as this is going to get emotional once it hits us.

 I might turn green when it happens.

 God bless,” 

Wolverine

MELANIA HINDS: Investing in Iraqi Dinar: Hope for Wealth Transfer!#iraqidinar #dinar #c...

Government Advisor: Tensions And War In The Region May Lead To A Jump In Oil Prices, 15 OCT

 Government Advisor: Tensions And War In The Region May Lead To A Jump In Oil Prices

Energy  Economy News – Baghdad   The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, identified on Monday the indicators of the rise in oil prices in global markets, and while he attributed them to two basic variables, he indicated that if tensions and war continue in the region, a jump in prices is expected.

Saleh said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the oil asset cycle is subject to accelerated upward volatility through current energy market indicators and two basic variables that affect oil supply and demand in the world: the first is OPEC+ decisions to reduce oil production on the production of OPEC countries themselves and their allies, as OPEC+ has currently implemented significant oil production cuts amounting to 5.86 million barrels per day."

He added, "These cuts consist of two parts: the first is a reduction of 3.66 million barrels per day extended until the end of 2025, and the other is an additional voluntary reduction of 2.2 million barrels per day that remains in effect until September 2024."

He pointed out that "the cuts come to remove the current oil glut, which is affected by the decline in growth in the world's most important energy-consuming economies, China," noting that "the second variable is the geopolitical situation and the war taking place in the two energy basin regions of the world, namely the Russian-Ukrainian war and the other is the ongoing war in the Middle East, especially the Gaza and Lebanon war with the Zionist entity and its effects on the oil-producing Gulf region, which dominates more than 50% of global oil exports."

He continued, "If military operations or geopolitical tensions continue in the two regions, oil prices are expected to jump."  128 views  Added 10/14/2024 - https://economy-news.net/content.php?id=48705

INTEL UPDATE BY MIKE BARA, 15 OCT

MIKE BARA

Guys, apparently I misinterpreted Sunday's  information.

 The Bondholder's team was only told they would be "contacted" about the funds process in the "midnight-to-midnight" window. Turns out they were. 

They have now been told that funds are good to release starting tomorrow. I know the time but can't say it. 

So we wait another day. Might be an interesting show with Jen tomorrow. 

My apologies for not getting what I was told quite right.

UPDATE ABOUT THE BOND SIDE, CURRENCY AUCTION STOP BY MIKE BARA, MARKZ & ...