Thursday, June 6, 2024
IMPORTANT IRAQ NEWS: AFTER APPROVING THE BUDGET, AL-SUDANI CALLS ON PARLIAMENT TO MONITOR THE WORK OF THE GOVERNMENT: NO COURTESY AT THE EXPENSE OF THE PEOPLE BY MNT GOAT, 6 JUNE
AFTER APPROVING THE BUDGET, AL-SUDANI CALLS ON PARLIAMENT TO MONITOR THE WORK OF THE GOVERNMENT: NO COURTESY AT THE EXPENSE OF THE PEOPLE
On Monday, Prime Minister Muhammad Shiaa Al-Sudani called on the Iraqi Parliament to strengthen the government’s work by following up on the legislative and oversight efforts, following the vote on the 2024 budget, stressing that there is no courtesy at the expense of the people.
Al-Sudani said, in a statement received by Shafaq News Agency, “With greater appreciation and pride, we congratulate the responsible step of the esteemed House of Representatives, represented in approving the 2024 budget schedules, related to Law (13 of 2023), the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023). , 2024, 2025).
Al-Sudani expressed his “thanks and appreciation for the efforts of the Presidency of the House of Representatives, the political forces, the parliamentary committees, and the Finance Committee, which completed the government effort, and what was previously approved in the Council of Ministers, represented by the budget schedules (A, B, C, D, E, and F).”
Al-Sudani stressed, “to continue implementing the government program, which received the vote of the House of Representatives and the support of the political forces, in order to complete the goals and implement the priorities that represent, above all, the aspirations and demands of our Iraqi people that they wish the government to fulfill. ”
He continued: “On this occasion, we call on the House of Representatives and the governorate councils to support the government’s work by following up on the legislative and oversight efforts, which our government institutions, with all their arms and bodies, view as support for their work, a course correction, and a guarantee against corruption, deviation, and failure, just as we promised our people that there is no room for delaying. There should be no courtesy at the expense of people’s interests, preserving public money, and implementing services in all their names.”
Earlier today, Monday, the Iraqi Council of Representatives voted on the budget schedules for the current year, 2024.
The hours before the vote witnessed controversy within the Parliamentary Finance Committee, as votes were taken twice on the budget tables due to disagreements.
And earlier; Member of the Parliamentary Finance Committee, Saad Al-Tobi, confirmed that the committee voted on the federal budget schedules for the year 2024 without making changes to them, indicating that two trillion dinars had been allocated for transfer between the exchange doors.
"1 IQD TO $3.78 USD" , FROM GINGER LIBERTY LOUNGE TELEGRAM ROOM, 6 JUNE
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🙏Wow 25,000 Iraqi Dinar Is Equal To $25,000 USD 5/13/2024
Today's 6/6/2024 ( Eastern Time ) IQD Rate On Live Forex, Back Screen Rate And https://it.tradingview.com/chart/?symbol=USD%2FIQD All Are Showing $3.78 USD
IMPORTANT IRAQ NEWS: THE CENTRAL BANK EXPLAINS THE “FISCAL CONTROL” MECHANISM CONTAINED IN THE BUDGET, BY MNT GOAT, 6 JUNE
THE CENTRAL BANK EXPLAINS THE “FISCAL CONTROL” MECHANISM CONTAINED IN THE BUDGET
On Tuesday, member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, clarified the term financial control contained in the federal budget, as many officials misquoted it during their press statements, which may lead to unintended errors.
Berihi told Al-Maalouma, “The general concept of the term financial control mentioned in the federal budget among public finance specialists is the attempt of the government and the executive authorities to adhere to balance in order to exceed the deficit rate in future budgets and not reduce it to the deficit in the current budget.”
He stated, “Many officials misuse the term in their press statements, which may lead to unintended errors.”
He pointed out, “The government must benefit from the increase in annual revenues, whether oil or other, as well as develop productive projects to enhance the treasury’s financial resources to achieve the term.”
He continued, “Achieving financial control requires serious monitoring of costs on a permanent basis and follow-up by the regulatory authorities represented by the Financial Control and Integrity Department and the House of Representatives regarding determining project costs.”
"RV UPDATE" BY TEXAS SNAKE, 6 JUNE
TEXAS SNAKE
Texas Snake, [06/03/2024, 10:32:59 p. m.]:
Well it's about 0530 AM in country and the info I am receiving is that the new rates will appear either when the banks open today or they will wait for the FOREX opening on Wednesday to be able to publish the new rate in the Gazette Paper. Wish I had better intel but most of the UK is asleep now.
Not much reason to open as this is all I have at this time...
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Well folks the information I have rec'ed today indicates a number of the large bondholder paymasters have been invited to Reno to begin exchanging their bond portfolios over the next 24 to 48 hour window.
We are then scheduled to begin receiving notification to begin scheduling appointments.
I have this info from 3 sources and am waiting confirmation from the banker, hopefully tonight or early AM. Will open for a short time so any members who have any news can share.
Thanks for all the members joining us and GOD Bless.
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