Wednesday, January 10, 2024

Details of a ministerial meeting regarding the 2024 budget schedules, 11 JAN

Details of a ministerial meeting regarding the 2024 budget schedules

Information / Baghdad..
Today, Wednesday, the Ministry of Planning announced the holding of a ministerial meeting to prepare the budget schedules for the current year.

The ministry stated in a statement received by the Al-Ma’louma Agency, “Today, the Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, chaired an expanded meeting, held at the Ministry of Oil, in the presence of the Deputy Prime Minister for Energy Affairs, the Minister of Oil, Hayan Abdul-Ghani, and the Minister of Finance.” Taif Sami, the Minister of Oil and Natural Resources in the Kurdistan Regional Government, Kamal Muhammad, and his accompanying delegation, as well as undersecretaries of the Ministries of Planning and Oil, a number of general directors in the two ministries, and the Ministry of Finance.

She added, “During the meeting, mechanisms for preparing the general budget schedules for this year 2024 were discussed, in its operational and investment aspects, in light of oil prices and the revenues expected to be achieved during this year.”

The Minister of Planning stressed during the meeting, “The government is keen to complete these schedules within this year’s budget as soon as possible and send them to the House of Representatives for approval,” pointing out, “We took into account the quantities of oil exported, including the Kurdistan region’s share, and Iraq’s obligations to the production quotas specified by the Organization.” OPEC Plus.

For his part, the Minister of Oil stressed “the importance of the budget, which requires completing the spending and financial revenue schedules,” noting that “the Ministry of Oil is making great efforts to provide the best conditions to secure the production and export of oil, and to achieve appropriate revenues to secure financing of the budget.”

Minister of Finance, Taif Sami, also indicated, “The Ministry is keen to achieve balance in the budget and secure the necessary funding for the ruling and basic spending sections, whether on the operational or investment side.”

Meanwhile, the Minister of Oil in the Kurdistan Region, Kamal Muhammad, expressed “the region’s readiness to cooperate in the field of oil export in accordance with what was approved by the budget law.”

almaalomah.me

JUDY NOTES, 11 JAN

 Judy Note: The Wed. 10 Jan. 2024 connection of all banks around the World to the new gold/asset-backed Quantum Financial System on the new Star Link Satellites will eliminate the Deep State Cabal’s US Taxpayer income they have been enjoying since 1913.

This KMafia doesn’t appear to be too happy about that as their Central Banks will go kaput in a Worldwide Financial Armageddon. They had hoped to solve the problem with their Great Reset of fiat digital currency – which major countries of the World, including the US Congress, have already rejected.

Don’t panic. The White Hats are in charge. We must prepare, pray hard and Trust the Plan.

We win because we never give up. We succeed because we run with patience, the race that is set before us. Remember that patience is a Virtue. Having Virtue is a sign of a good moral being. Good moral beings have the power to overcome evil and change the world.

And, we will!!! . . . Judy

Iraqi Dinar Update CBI's Official Announcement on January 15th Going Int...

Today.. the launch of the Baghdad Exhibition activities, with wide local and international participation, 10 JAN

   Today.. the launch of the Baghdad Exhibition activities, with wide local and international participation

The Minister of Commerce, Atheer Daoud Al-Ghurairi, announced the completion of all preparations for holding the 47th session of the Baghdad International Fair, which opens today, Wednesday, with wide local and international participation.

Al-Ghurairi confirmed, according to a trade statement after his tour of the exhibition’s pavilions and citizens’ resting places, that the exhibition in this session differs from previous ones in terms of organization, the number of participating countries and companies, and the infrastructure that we have worked on over the previous months, to be at the level of ambition, as the exhibition represents Iraq’s window to the world and contributes to achieving real partnerships. For the Iraqi private sector with its counterparts in other countries of the world.”

He added, “The staff of the General Company for Iraqi Exhibitions, along with the supporting bodies in the ministry’s departments and companies, have completed all final preparations for holding the new session of the Baghdad Fair, and we can say that this session will have a good level of organization, as well as aspects Others related to rehabilitating green spaces, planting them, and creating electronic gates for the first time. We were able to take many measures in the exhibition’s pavilions and halls, which continued over the past months, contributing to fundamental changes that showed the exhibition with artistic beauty and good taste.”

Al-Ghurairi noted the participation of more than 21 countries and more than 850 companies in the session’s activities. Some of the new ones are participating for the first time, and there are many requests to participate in the exhibition that were submitted to the General Company for Iraqi Exhibitions, while the Iraqi Federation of Industries participates with a large pavilion that represents Iraqi industries of locally manufactured materials, and some of them are exported to other countries of the world. It is a step that works to find all means of support for them to enable and support them. Export.   link

"RV UPDATE" BY PIMPY, 10 JAN

 Pimpy 

  I've heard so many [gurus] talk about - according to the IMF Iraq needs to be within 2% between the parallel rate and their official exchange rate.  No that's not right...To maintain stability Iraq needs to maintain a narrow spread, that's the gap between the official exchange rate and the black market.   Generally a spread of less than 5% is considered acceptable.   Not 2%, 5%.  A spread more than 10% is considered a significant risk to the economy.  Iraq is going to have to shoot for between 5 and 10%.  They want to be less than 10.  It'd be idealistic if they can get around 5...

 The best suggestion I would make when it comes to this is get a tax expert that can help you with this.  Let them tell you what you can do to help reduce the amount of money you owe based on the amount you get when you swap your currencies.  

When you swap your Iraqi Dinar for US dollar if the exchange rate gets up there to a level you like you're going to have to pay capital gains taxes on it... [Note:  Some gurus feel it will be/could be taxed as ordinary income.  Consult your tax expert to determine what's right for you.]

Iraqi Dinar🔥CBI Said Iraqi Dinar Would Go International Today 2024🔥iraqi...

Al-Sudani: No force will be able to stop the wheel of reconstruction that has begun, 10 JAN

 Al-Sudani: No force will be able to stop the wheel of reconstruction that has begun

Prime Minister Muhammad Shiaa Al-Sudani said on Wednesday that the government he heads is continuing with the wheel of reconstruction and construction in the country despite the many challenges it faces.

This came in a speech during the launch of work on a multi-lane bridge project on the Tigris River in Al-Jadriya in the center of the capital, Baghdad.

Al-Sudani said in a speech followed by “Earth News” that, “The Iraqi government faces many challenges, and there are those who try to occupy us with this or that file, but they face a solid will and determination to continue with this methodology of work regarding the implementation of projects.”

He added, "We pledge to our people that we will not back down from work, and no force will be able to stop the wheel of reconstruction that has begun."  link