Hope you guys are excited as I am. We are definitely close. I received incredible info from various platforms saying they are just waiting to get the Green Light to receive funds. We will be celebrating any time! If we should go today, we will not get funds released tillnext week.D1 is done. D2 hoping to get done today.
Nesara should be happening aroundSun. 21 Jan, and hopefully we will get announcement at that time of the Medbeds! Mauricio is under NDA. Lawyer said the funds are to be released in Reno. I want you to remain in faith. This is going to happen! A lot of Whales are now under NDA.
Certain platforms are now getting ready. The Pentecostal group is now getting ready to release the funds. The owner has apologized profusely and wanted to tell everyone that this was never scam and to thank everyone for believing in her. It been 24 years since she started this and finally this is ready. Everything is ready to go and just waiting for the Green Light. The RV is definitely coming. God bless you all.
$21 Billion Is The Size Of Iraq’s External Debt Until 2028
Posted On01-19-2024 By Sotaliraq Baghdad: Haider Falih Al-Rubaie 01/18/2024 The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, suggested that Iraq’s external debt until the year 2028 would not exceed the $21 billion barrier, stressing that the country’s creditworthiness is at a high degree of sobriety and reliability, according to which Iraq’s position is based. It is classified as stable, while he pointed out that the accumulation of debt was the result of the national economy being exposed to two shocks.
Despite the accumulation of internal and external debt, the Parliamentary Finance Committee reassured that there would be no financial deficit in the country’s budget for the current year 2024, while specialists in economic affairs expressed their fear of the continued fluctuation of oil prices, hinting at the possibility that public revenues would be affected in the event of a decline. Global black gold prices.
Saleh said: “The external debt that must be repaid until the year 2028, in my estimation, does not exceed the barrier of 21 billion dollars,” indicating that “the repayment mechanism is subject to the actual current or ongoing allocations allocated in the federal general budget on an annual basis to pay the debt dues.”
The government advisor stressed that “Iraq’s credit record, or creditworthiness, stands at a high degree of sobriety and reliability, which is why international credit rating companies have placed Iraq at rank B of the stable category throughout the last ten years, due to its high financial worthiness and commitment to paying service dues.” his debts on an ongoing basis.”
During a previous press statement, Saleh calculated the size of the country’s internal debt, while confirming that the Iraqi economy was exposed to “two shocks.”
Saleh said: “The internal public debt in Iraq is estimated at approximately 55 billion dollars,” indicating that “the accumulation of this debt came as a result of two shocks to which the country’s economy was exposed between the years 2014 - 2021.”
He added, “The first shock was financial and security, as the country was exposed to the threat of ISIS terrorist gangs, in addition to the war in which Iraq won against ISIS terrorism, which then required financing the budget deficit, due to the growing military expenditures and the sharp decline in oil prices.”
Saleh pointed out that “the second shock, which was financial-health, resulted from the Corona pandemic crisis and the decline in oil price revenues at the same time due to the sharp cycle of oil assets and the loss of a barrel of oil in both shocks of approximately 40% of its estimated revenues as revenues for the general budget,” noting that this This prompted the financial authority in Iraq to borrow from the government banking market, mostly by issuing treasury bonds or annual treasury transfers that carry an average interest of about 3%.
The advisor noted that “domestic public debt has been traded exclusively within the government financial apparatus, without intervention in the banking market except in a very limited manner. That is, domestic debt, with its tools represented by bonds and treasury transfers, is traded at a rate of 95% exclusively within the government financial apparatus.”
In the midst of this, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, expected that there would be no financial deficit in the budget for the current year 2024, indicating during a press interview followed by “Al-Sabah” that “the government will submit amendments to the table of amounts, and these amendments are in the process of being completed and sent to the Finance Committee and will be studied there and approved.” It is decided by Parliament and is on its way to implementation.”
Al-Kadhimi pointed out that “last year’s budget, 2023, did not suffer from a deficit, but the current year’s budget, 2024, will not have a financial deficit, especially since oil prices are constantly increasing.”
Contrary to the previous opinion, economic affairs specialist, Ali Al-Defafi, believes that the worsening situation in the region may lead to a delay in the arrival of oil supplies to consuming countries, and thus a decline in the financial revenues of some producing countries, expecting average oil prices to be stable between -75%. $80 for the current year.
Al-Diffai stressed the need to exploit the financial abundance achieved as a result of the increase in oil prices over the past two years, in establishing strategic projects and working to support the productive aspects that can contribute to supplementing the country’s financial budgets, especially the agricultural and industrial sectors, praising, at the same time, the government’s economic moves in Supporting the private sector, which will contribute during the coming period to reviving many local industries that could block the way for imported products. LINK
IMO they'll go up in increments. One of the things Iraq needs to really start working on is non oil revenue...A lot of [construction] projects started in 2023, a huge chunk of them start in 2024.
The deadlines are between the end of this year stretching out all the way to 2028 with the bulk of them having a deadline of 2025. This is a lot of job opportunities. This is a lot of infrastructure being done. This is a huge change in Iraq. All of this strengthens their economy and...strengthen the use of the Iraq dinar...
This is not small by any stretch of the imagination...When Sudani said 2024 was going to be the time Iraq was going to change, this is what he's talking about. This is huge...This is what I'm focused on. There are hundreds and hundreds and hundreds of projects starting in Iraq..
