Tuesday, March 26, 2024
Rashid to the US ambassador: Baghdad and the region want to resolve the issue of budget and pay the dues of the region’s employees, 26 MARCH
President Abdul Latif Jamal Rashid received, on Sunday, at the Peace Palace in Baghdad, the Ambassador of the United States of America to Iraq, Elena Romansky, stressing “the keenness to continue building close relations that serve mutual interests, respect national sovereignty, and enhance joint cooperation in various fields.”
During the meeting, Rashid referred to a presidential statement, a copy of which was received by {Euphrates News}, “Iraq’s determination to continue the approach of reform, eliminate cases of corruption, and build distinguished partnerships that contribute to achieving comprehensive development and economic growth,” stressing “the importance of benefiting from experiences and experiences and employing them to gain skills and improve the reality of the economic, commercial, agricultural, environmental and energy sectors.”
He also pointed out that “the Presidency of the Republic adopted the release of detainees whose sentences have expired and the formation of a committee that, in addition to the Presidency of the Republic, included the Supreme Judicial Council, the Ministries of Justice and Interior and the National Security Advisers to follow up the files of the convicts and the expiration dates of their sentences, to ensure their release on time.”
Rashid stressed “the importance of finding solutions to the outstanding issues between the federal government and the Kurdistan region in accordance with the Constitution, law and political understandings, indicating the desire of the two sides to continue the dialogue to resolve the issue of the budget and pay the dues of the employees of the Kurdistan region like their peers of employees.”
For her part, the US ambassador affirmed her country’s desire to develop relations between the two countries and strengthen cooperation to serve the two friendly peoples.
The situation at the regional and international levels was also reviewed, and the support for the opportunities for peace, security and stability in the region was emphasized.
"IRAQ BOOTS ON THE GROUND RREPORT" BY FIREFLY, 26 MARCH
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: TV is say when Sudani goes to Washington. OMG that's a long time off. Means nothing changing until after that probably, if it does this year.
FRANK: I don't care if it happens on the 15th of April. I don't care if it happens tomorrow. I just know it's happening with all that we're seeing. The proof is there. There's no doubt about it.
FIREFLY: Tv talked about parliament finance has been meeting...with the CBI officials talking about mechanisms to pay the salaries and all the project we have. This is a good sign. They are meeting right before the budget goes to parliament next week.
FRANK: Firefly knows if it does go to parliament and they vote, it will expose an exchange rate. Certainly not a program rate.
FIREFLY: Talked to bank friend. He told me it seems to be the quiet time but soon news on the amending budget will appear...Nothing will get done, so it's going to be soon. The dropping of the zeros is off the exchange rate...We were told on TV that during next week the 2024 amended budget will arrive at parliament for their vote.
FRANK: Stay very close to your friend because at any moment IMO I believe he'll be able to give you what you're looking for, what they promised you.
Adviser to the Prime Minister: Approving the 2024 budget schedules in the House of Representatives does not hinder their implementation, 26 MARCH
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the House of Representatives’ approval of the financial budget schedules for the year 2024 does not hinder their implementation.
Saleh told {Al-Furat News} agency, “The federal tripartite general budget issued pursuant to Law No. 13 of 2023 differs from the annual budgets that are subject to Financial Management Law No. 6 of 2019, amended when the approval of its legislation was delayed, as the Federal Financial Management Law stipulates in one of its paragraphs, that In the event of a delay in approving the general budget law for the new fiscal year, disbursement will be made at a rate of 1/12 of the actual ongoing or current expenditures for the previous year.”
He stated, “The federal tripartite general budget issued pursuant to Law No. 13 of 2023 differs from the annual budgets that are subject to Financial Management Law No. 6 of 2019 amended when the approval of its legislation is delayed, as the Federal Financial Management Law stipulates in one of its paragraphs that in the event of a delay in approving the budget law General expenditure for the new fiscal year shall be made at a rate of 1/12 of the actual ongoing or ongoing expenses for the previous year.
Saleh explained, “Approving the general budget law for three years does not provide legal conditioning for the implementation of the effective administration law as long as the general budget has been enacted according to the law for three years.
Therefore, I do not see that the financial tables prepared for approval by the House of Representatives constitute an obstacle to the progress of implementing the plan.” Finance for the year 2024, in its operational and investment parts, and stopping the wheel of public finance, especially its investment part linked to development and economic prosperity, awaiting the approval of the amended budget schedules approved by the executive authority until it is approved by the House of Representatives, as if the matter requires new legislation that delays the purpose of adopting the three-year budget and the investment in time it entails. “.
At the same time, he noted that “the tripartite budget experiment is a financial experiment taking place for the first time in our country. If its goal was and still is to stabilize the adoption and implementation of national development projects without delay related to the annual budget and its annual legislation, then the disruption of its implementation means a return to the annual budget square.” Here, the fundamental difference must be made clear between implementing the budget that is enacted on an annual basis and the budget that is enacted on the basis of an average time frame, such as the tripartite general budget issued by Law 13 of 2023.”
Raghad Dahham
"RV UPDATE" BY MARKZ, 26 MARCH
Mon. 25 March MarkZ: There is some fun stuff coming from sources over the weekend. Bond contacts really lit up overnight/and over the weekend. One of my contacts that “lit up” after going quiet said they very much expect things by mid-week this week.
We in Tier 4b are supposed to go immediately following bonds. We have always been told that Historic Bonds go first with 1%, then Sovereigns, Indian Nations, large church groups and then Bond Folks get their remaining 9% fiat, then BAM we all start making our appointments. At the same time SKR folks have gotten their payouts. I understand that the whole process should only be a week long and that the very first things we should see is Bond Folks getting dollars.
TIDBIT FROM FRANK26, 24 NOV
Frank26 Question: " Will the rate change prior to [December] 31st IYO? " It is my hope, it is my desire but if you sh...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...