Tuesday, February 27, 2024
Finance announces the imminent sending of the 2024 budget schedules to Parliament and pledges the release of Kurdistan salaries on one condition, 27 FEB
Finance announces the imminent sending of the 2024 budget schedules to Parliament and pledges the release of Kurdistan salaries on one condition
02-27-2024 By Sotaliraq Finance Minister Taif Sami announced on Monday that the 2024 budget schedules will soon be sent to Parliament. This came while hosting Sami in the Finance Committee.
The minister stated that “employees’ salaries for the year 2024 are fully insured,” noting that “the release of employees’ salaries in the Kurdistan Region during the current month is subject to submitting lists of names, and we have stipulated nationalization to disburse them during the coming months.”
She continued, “We have begun launching financing for the operational budget,” adding, “Soon we will send the 2024 budget schedules to the Council of Ministers for approval and sending them to Parliament.”
For his part, Member of the Parliamentary Finance Committee, Mustafa Sanad, said, “The Parliamentary Finance Committee hosted Finance Minister Taif Sami to discuss a number of topics, including financing the operational budget for the year 2024.”
Sanad explained, “The Minister informed the members of the committee that there is no interruption in funding the budget regarding operations and salaries of employees.”
Sanad continued, “With regard to the salaries of employees in the Kurdistan Region, and after the Federal Court’s decision, this month’s salaries will be financed in the usual manner in place through direct transfers. As for March salaries, the salaries of the region’s employees will be financed through the localization of salaries.”
He concluded by saying, “Funding the salaries of employees in the region will be through the governorates, meaning that the governorate that submits its data directly before the other will localize the salaries of its employees faster.”
Yesterday, Sunday, the Finance Committee in the Iraqi Parliament revealed that it will host the Minister of Finance tomorrow, Monday, to discuss the localization of the salaries of Kurdistan Region employees and the delay in distributing salaries throughout the country.
This comes after the Iraqi Ministry of Finance confirmed that it has taken measures and procedures to secure salary funding on an ongoing basis according to the 2024-2025 budget, denying at the same time political statements that indicated the lack of “financial liquidity.”
It is noteworthy that the Federal Supreme Court (the highest judicial authority in Iraq) decided, on February 21, to oblige the Federal Prime Minister and the Prime Minister of the Kurdistan Regional Government to settle the salaries of employees and workers in the public sector in the region with federal banks.
The court also decided to oblige the submission of the monthly budget for the region’s employees to the Federal Ministry of Finance, while requiring the region’s Council of Ministers to hand over all oil and non-oil revenues to the federal government.
The ruling stressed that the decision to localize the salaries of the region’s employees is final and binding.
"MEDIA OF BAGHDAD COMMUNICATION IS REPORTING THE POSSIBLE RV OF IQD" BY HERNAN R BRAVO, 27 FEB
Hernán Robert Hbravo
“There is radio and TV communication, the latter being more limited about the possible revaluation of our DINAR currency between Thursday, February 29 and Friday March 1, 2024. It is speculative but the media Baghdad Communication is reporting it.”
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Sunday February 25, 2024
Frank26: He says
The Minister of Commerce of the GOI (Government of Iraq) and the CBI (Central Bank of Iraq) have formed a committee to review the prices of
Estate. Eliminate black markets.
Walking Stick has said that when you see the price change, it's time to get excited!
That's upon us now. This is the precursor of the new exchange rate!
Frank26 continues... 3 year budget recalculation/cancellation along with this due to new tariff coming
Today the HCL (Hydrocarbon Laws) are being finalized in Parliament
* Sudan at the grand opening of a refinery.
* CBI on government television saying there are no liquidity problems.
* 92% of all higher denomination dinars have been deposited/traded in preparation for using debit cards and new lower denominations.
* New travel mechanism coming soon ONLY to obtain US Dollars. There are restrictions on US dollars for citizens to use only dinars.
*IQD (Iraqi Dinar) has no restrictions.
* Iraq invests in the petrochemical industry as a leader.
* Al Sudani gave an encouraging speech in which he put economic and banking reforms as one of his top priorities.
* Big dispute in the plenary session of Parliament over the HCL law. You are well prepared to receive the new exchange rate
Frank says don't worry about it.
* All government services will be paid electronically in 2024. It is impossible to have a liquidity problem
* CBI goes from company to company... door to door collecting US dollars to get them off the streets.
* Monetary reform is done first to ensure that economic reforms work.
* The KTFA family comes to Chase and opens their accounts
* Red tape and corruption are being eliminated. Inflation will stop
* A monthly bulletin will be published with prices adjusted to address the floating due to currency changes and factors that affect prices in local markets and the mechanism that will be adopted in calculating prices. That is to say. variable due to the upcoming exchange rate and will be floating as soon as the dollar falls and the three zeros come out.
* Conclusion... Frank26 is excited... You should be too...
Greetings
Hernán Robert Hbravo
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TRANSLATION SPANISH:
Domingo 25 Febrero 2024
Finance Launches Financing The Operating Budget, 27 FEB
Finance Launches Financing The Operating Budget
The first 02/27/2024 Baghdad: Al-Sabah Finance Minister Taif Sami said that the salaries of employees for the year 2024 are fully insured, and that the ministry has launched the operational budget, and has also conditional the release of the salaries of the region’s employees for the current month on submitting lists of their names. Sami stated, during her meeting with the Finance Committee of the House of Representatives, yesterday, Monday, that “the employees’ salaries for the year 2024 are fully insured,” stressing that “the release of the salaries of the region’s employees for the current month is subject to the submission of lists of names, and we have stipulated nationalization in order to disburse them during the coming months.”
She added, "The Ministry has begun launching funding for the operational budget," noting that "the 2024 budget schedules will soon be sent to the Council of Ministers for approval and sending them to Parliament."
For his part, Chairman of the Finance Committee, Atwan Al-Atwani, said: “It was agreed with the Minister of Finance to keep the paragraphs of the 2023 budget related to appointments and contracts active and implement them during 2024.”
The Parliamentary Finance Committee announced, earlier yesterday, Monday, the hosting of Finance Minister Taif Sami to discuss the financing file and other important files.
Meanwhile, the spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said: “Work is continuing to complete the 2024 budget schedules in coordination with the Ministries of Finance and Oil and the relevant authorities, so that they will be discussed soon by the government and then sent to the House of Representatives.”
He explained, "The budget tables include the volume of revenues for the year 2024 and the volume of expenditures in their operational and investment aspects." https://alsabaah.iq/92515-.html
Evening News with MarkZ. 02/26/2024
Coffee with MarkZ. 02/27/2024
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