How are political finances and elections intertwined in the execution of the budget bill?, 26 SEPT

 Shafaq News / Four months have elapsed since the approval of the Federal General Budget Law, yet its implementation remains pending. Experts point to the delay in the legislative process and subsequent delays in issuing implementation instructions as the reasons behind this. Nevertheless, some individuals raise concerns about the allocation of funds for the forthcoming local elections set for December 18.

For the first time in its history, Iraq has adopted a three-year financial budget in a single law, passed by Parliament in June. The government defended this move, stating that it aims to establish essential development plans for the country and prevent the recurring issue of annual budget approval delays.

According to the budget law, the budget for the current year and the following two years amounts to $153 billion, with an expected deficit of up to $48 billion. The budget is based on an oil price of $70 per barrel, considering that Iraqi oil exports constitute over 96% of the country's financial revenues.

Despite several months having passed since its approval, allocations from the triennial budget have not yet materialized on the ground, leading to speculations and questions about the reasons behind the delay in its implementation.

The reasons for the delay

In this context, Nermeen Ma'rouf, a member of the Financial Committee in the Iraqi Parliament, explained, "The budget law was approved in June last year, and it took more than half a year for implementation instructions to be issued. Therefore, the budget's non-implementation can be attributed to delays in legislating the law and subsequently issuing implementation instructions by the Ministries of Finance and Planning."

Ma'rouf further detailed, "The government continued to spend 12.1% of the previous year's budget, which limited spending to current expenditures, particularly salaries."

She pointed out that "the government needs to allocate funds for investment projects in the current year. Ministries and governors need to submit their plans for investment projects. Investment project spending is different from current expenditures and involves multiple stages, including planning, approval, project clearance in the Ministry of Planning, and then public announcement, until the project is approved."

She added, "These projects are funded in installments based on progress percentages, and this process takes several months until funds from the investment budget are disbursed on the ground. This is the primary obstacle to the implementation of the investment budget component in the current budget."

Budget funds

Regarding the fate of budget funds as the year-end approaches, Ma'rouf clarified, "The funds allocated for the investment budget are rolled over to the next year for project allocation. These funds do not expire, and disbursements for these projects continue until the end of the fiscal year."

She continued, "As for unspent funds from the current budget, these become surplus funds at the end of the year compared to the previous year. They are then carried over to the next year and added to the funds that will be allocated from the budget of the following year. This is as per the Budget Law and Financial Management Law."

Ma'rouf pointed out, "it is expected that before the end of the current year, the Ministry of Finance, through the Council of Ministers, will send new tables to estimate the revenues and expenditures for the next year, but based on the current legal provisions themselves."

She emphasized that "the provisions in the law, which consist of 78 legal articles, will not be changed. Only the expenditure and revenue tables estimated for the next year will be adjusted. Therefore, these tables must be submitted to the parliament for approval so that the government can implement the budget for the next year."

Exploitation for electoral purposes:

On the other hand, Iraqi politician Halim Salman mentioned that "the Prime Minister - according to leaks - has put a (freeze) on the flow of funds from the triennial budget for several reasons, including the fear of using budget funds to finance provincial council elections."

Salman added that "this explains the government's lack of trust in political parties and local governments that could potentially exploit budget funds for electoral purposes."

He cautioned, "these reasons have not been officially announced, but it seems that this is the case. Despite the budget's approval and the issuance of its instructions, there is still a delay in the process of releasing funds, which supports the claims made by some politicians."

Financial losses

Economic expert Jalil Al-Lami believes that "Al-Sudani's government is currently working to collect funds from the Emergency Support Law that was approved during the previous government's time to finance some projects that have achieved progress. The remaining time in the year is not sufficient for the government to announce and execute new projects or complete old projects, as they have faced setbacks and changes in estimated cost prices."

Al-Lami emphasized that "the delay in disbursing budget allocations will lead to contract cancellations with international and local companies for the development of new cities and provincial infrastructure. This will result in significant losses for Iraq due to penalty clauses that have been stipulated in contracts with these companies."

He concluded by saying that "the budget is the natural financial regulator for the functioning of institutions and administrations at all levels, civilian and military. To avoid the country's expenditure randomness at a rate of 12/1, there is no justification for the delay in implementing budget items."

https://shafaq.com/en/Report/How-are-political-finances-and-elections-intertwined-in-the-execution-of-the-budget-bill

Iraqi PM, Global Coalition Commander hold security talks attended by Romanowski: official, 26 SEPT

 Iraqi PM, Global Coalition Commander hold security talks attended by Romanowski: official, 26 SEPT

Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani, met with General Joel Vowell, the commander of the Global Coalition forces in Iraq and Syria, for security talks on Monday, an official press release by his bureau revealed. 

The meeting, according to the press release, was also attended by the US ambassador to Iraq, Alina Romanowski. 

Al-Sudani and his guests discussed ways to enhance the security cooperation between Iraq and the Coalition forces, laying emphasis on the latter's role in providing advice, intelligence, training, and weaponry to the Iraqi forces.

The Commander-in-Chief of the Iraqi Armed Forces and the Commander of the Global Coalition endorsed the ongoing work of the joint committee they agreed to form following the visit of the Iraqi Minister of Defense to the United States last August.

During the two-day visit, the US Defense Secretary Lloyd Austin and Iraqi Defense Minister Thabit Muhammad al-Abassi refined the terms of the security agreement between their respective countries. 

"The joint security cooperation dialogue reflects our maturing strategic partnership building on the US-Iraq Strategic Dialogue in July 2021 when the US forces with a combat role, ended their mission," said Austin.

Ties will continue to grow after the Daesh/ISIS terrorist group is defeated, he added.

For its part, the official Iraqi News Agency said on Wednesday that "Iraq is committed to protecting American personnel and advisors, the international coalition, convoys, and diplomatic facilities."

The statement added that the delegations participating in the dialogue expressed their intention to "hold subsequent joint security cooperation dialogues and related meetings to discuss the evolving threat from Daesh/ISIS."

Both delegations also concurred on the need to "develop Iraq's security and defense capabilities" in a manner that ensures the advancement of the common interests of our two countries in the security and sovereignty of Iraq, as well as the stability of the region.

On July 26, 2021, Baghdad and Washington reached an agreement on the withdrawal of US combat forces from Iraq by the end of the same year. A small number remained to provide advice and training for Iraqi forces.

Evening News with MarkZ 09/25/2023

Monday Evening News with MarkZ

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: GE folks, how is everyone doing this evening?

Member: Praying for good news tonight

Member:  IMO- Every night this week holds the hope and joy of Christmas Eve!!!

MZ: Let’s start with news tonight …”The dollar drops against the dong”  and “ High tech supply chains and the US-Vietnam upgrade”  They went from friendly trading partners to “strategic” trading partners. The US has agreed to share lots of technology with them so they can expand their supply chain of tech. So all our tech isn’t coming from China. We need Vietnam to be stable and have a more powerful currency.

MZ: “Largest ever military deal !! US eyes historic defense pact with Vietnam to curb China’s growing influence”   We need their rare earth minerals.

Member:  if i had to guess, the dong is going to be the superstar in the RV

MZ: “Iraqi Central Bank to restrict internal trades to Dinar”  From Bloomberg ….They are de-dollarizing. Payments in dinar only …they cannot do that and handle trades without the dinar having a more meaningful value and is international…also they are expected to formally announce this on October 4th. .

Member: I read October 4th, Iraq enters WTO. Pretty Important Deal.

Member:  WTO has rules…that means RV by OCT 4th-imo

Member: M Man said Iraq was to join the WTO on Oct 4. As WTO own rules Iraq must have a international traceable exchange rate

MZ: There is a lot happening on Oct 4th. To me this means they need a new value by October 4th.

Member:  Nader did anew video this afternoon

Member:  Nader was talking about parliament wants to replace CBI Governor

Member:  He said Governor of CBI could be losing job due to lack of rate change. Actually saw an article a few days ago about it.

Member: Nader The HCL they start payment tomorrow and it goes all the way to 28th to 8th of October for 10 days. They’re gonna pay people.

MZ: This is a big one…..They have been stalling and I think looking for a new rate.

MZ: All the real solid intel has been squashed right now. We are talking from bonds and groups. The crack down at all levels has been extreme. So that is why I am focusing on the real world articles and news for right now.

MZ: I know a lot of folks are upset that there is no news….or it’s controlled. But, this is a good thing. Be warned that much of the news from telegram ect…may be disinformation that they are throwing  at us .

MZ: That being said….I am hearing they really do expect that dinar rate change by Oct. 4th.

Member: I was really believing it would happen in Sept before the fiscal year starts on Oct. 1st…… All we can do is wait.

Member:  Evergrande collapsed and a big nothing in the markets. Sigh!

Member: Historically- Most market crashes have been in September…we still have a few days.

Member:  Newbies if you want some exchange apt tips….there is a Cheat Sheet for the Exchange Appointments on Dinar Recaps Sept 17 AM update.

Member: Have a nice evening to all…..sweet dreams

SATURDAYS  GO TO: Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

JUDY NOTES, 26 SEPT

 Judy Note: We were fast heading into a Red October and Black Swan Global Financial Collapse Event, along with it’s accompanying Global Currency Reset.

• In March 2020 the US Treasury absorbed the Federal Reserve.
• Brazil has activated GESARA.
• The Federal Reserve Note was no longer on the Debt Clock – the Federal Reserve Note has been replaced by the US Treasury Note.
• On Sun. 1 Oct. the US government will shut down if Congress fails to provide funding for the fiscal year.
• Mon. 25 Sept. URGENT! Black Swan Financial Event: The Dismantling of CCP’s Bitcoin Servers and the Unraveling Black Swan! – American Media Group (amg-news.com)
• Mon. 25 Sept. The NESARA/QFS Plan: Discover the Unprecedented Wealth Distribution Under the NESARA/QFS Plan and Delve Into its Multifaceted Aspects – American Media Group (amg-news.com)

Global Currency Reset:

• Mon. 25 Sept. Charlie Ward: All of the people at the top are under strict NDAs. The people leaking information should not be leaking it because they are not from the higher sources. For those people that are waiting for their money to come this next week, it is not going to come. All these dates and times that are out there are all rubbish. The first thing that has to happen is that Biden has to be removed and the old financial system has to collapse.
• Nadar on the IQD: Tree good new for the iqd and Iraqi people – YouTube
• On Fri. 15 Sept. Iraq officially RVd their Dinar.
• On Mon. 18 Sept. Iraq presented their Dinar RV and Sovereignty to the UN.
• On Wed. 20 Sept. the new Dinar Rate was published in the Iraqi Gazette.
• On Fri. 22 Sept. Iraq announced the new Iraqi Dinar International Rate as $11.90. On that same Fri. 22 Sept. the Quantum Financial System took over the Global Financial System, while Exchange Centers staff were placed on High Alert.
• On Sun. evening 24 Sept. the QFS was activated and all funds were gold backed according to rumor.
• Sun. 24 Sept. Wolverine: The funds have been released and placed on the Quantum Financial System.
• Mon. 25 Sept. TNT Tony: “I’m not looking for this today, but real soon. Everyone is saying it will be done by the end of this coming weekend.”
• Fri. 29 Sept. Tier 4b (us, the Internet Group) notifications to set exchange/ redemption appointments…Fallawsophy on Telegram
• By Sun. 1 Oct. all banks were required to be on the gold/asset-backed Quantum Financial System rather than the old SWIFT System that was based on the fiat US Dollar. Sun. 1 Oct. was also the deadline for US Inc. government to shut down.
• By Tues. 10 Oct. the bulk of redemption appointments and exchanges were expected to be done.
• By Wed. 11 Oct. Biden would be removed.
• It was the goal to have Currency Exchanges and Zim Bond Redemptions completed by Wed. 1 Nov, at which time the US Federal Dollar would be considered worthless.

Timeline: Fallawsophy on Telegram

Judy Note: Read with caution. I do not know anything about Fallawsophy. Last week they appeared out of nowhere and began posting what appeared to be valid information on Telegram.

I was told 4 days until notifications – that takes us to Fri. 29 Sept.

I was told last week that it will be a 12 day window for the RV. That gives us 9/30-10/11.

I was told that the removal of you know who would be on the 11th. (Wed. 11 Oct.)

That would kick off a four month military action.

Possible EBS at that time and everything rolls out.

As of this moment in time and if no one stops it, this is the timeline that I see.

Rubix Q: My guestimate is that the RV will kick this off. Why? The Iraqi can no longer wait. They are 3 months behind. They know the truth and they will demand and not hesitate to tear down the country. I’m holding on to this. They’ve suffered way too long to wait on anymore political ping-pong. You can only tease so much…you can only dangle the carrot for so long… Everything else after the RV is the EBS/QFS shotgun. Just analyzing out loud.

Mon. 25 Sept. Charlie Ward was on the PPN show today.

• Charlie got a call from a lawyer this morning because no one else could call him because of NDA’S
• All of the people at the top are under strict military NDAs and are not leaking out stories at all to anyone! The stories that are leaking out are being done by people that shouldn’t be saying anything and are not by people that are the highest source.  The lawyer told him to stop talking about the RV and stop talking about the oneness fund. Charlie said that he was told by the lawyer that a lot of misinformation is out there being done by naughty people.
• Charlie said for those people that are waiting for their money to come next week that it is not going to come next week. He says that the first thing that has to happen is the Biden has to be removed because you can’t put new wine in the old skins. Charlie also said that the old system has to collapse first and it has not collapsed yet even though it is teetering on the brink of collapse.
• He said we all know that everything is ready to go. So we just need to sit back and wait for the collapse.
• Charlie says that all these dates and times that are out there are all rubbish. He says we’re not there yet, but we are nearly there and we have to wait till for the old system to collapse.

BY JUDY

The ceo of the CBI risk to get fired BY NADER FROM MID EAST

Shiite Coordination Framework discusses PM's New York visit and Khor Abdullah issue, 25 SEPT

Shiite Coordination Framework discusses PM's New York visit and Khor Abdullah issue, 25 SEPT

 Shafaq News/ On Monday, the Shiite Coordination Framework (CF) held its regular meeting with Prime Minister Mohammad Shia Al-Sudani today. The framework convened to discuss key issues, including the Prime Minister's recent visit to New York to participate in the 78th United Nations General Assembly session and the ongoing Khor Abdullah crisis with Kuwait.

The Khor Abdullah crisis has been a significant point of contention in recent weeks.

On September 4, the Federal Supreme Court of Iraq, Iraq's highest judicial authority, declared the law ratifying the Khor Abdullah maritime navigation agreement with Kuwait unconstitutional. This decision sparked a diplomatic row between the two countries.

The Kuwaiti Ministry of Foreign Affairs officially protested against the Federal Court's ruling, delivering a note of protest to the Iraqi Ambassador to Kuwait. The protest highlights Kuwait's dissatisfaction with the court's decision to rescind the agreement regulating maritime navigation in Khor Abdullah.

The Khor Abdullah Agreement, signed in 2012 and ratified by Iraq in 2013, is crucial in regulating maritime navigation in the narrow strait that connects the Persian Gulf to the Gulf of Basra. It serves as Iraq's primary access point to the Gulf and facilitates the flow of its oil exports.

"RV UPDATE" BY SANDY INGRAM & SUZIE, 25 SEPT

 Sandy Ingram

  Article:  "Summary of Iraqi Prime Minister's Schedule at the UN General Assembly September 2023".  The Prime Minister of Iraq addressed the UN General Assembly this past week in New York City...He had a one-on-one meeting with US Secretary of State...He also met with US companies  on Thursday...

In his speech to the general assembly..he said the country has become a safe environment for investors focusing on eradicating corruption and is committed to international law...The PM told the general assembly everything they wanted to hear.  He called Iraq a key player in the global marketplace  and said other countries cannot use Iraq as a central point to hurt either Iran or Turkey.

Suzie 

 I would like to think this "Jolly Farm's" ride is about to come to an end soon.  With all the meetings with the UST, WTO, AMF, travels back and forth between countries, contracts being signed, countries pouring in to do business, Iraq to be the leader in the middle east and so on and so forth, this cannot drag out...I'm personally looking for this soon, not months down the road, as international business, if all true, won't stand for it.