Tuesday, June 11, 2024
After Returning It For The Purpose Of Auditing...The Iraqi Facts Address Parliament To Send The Budget Schedules, 11 JUNE
After Returning It For The Purpose Of Auditing...The Iraqi Facts Address Parliament To Send The Budget Schedules
Shafaq News/ Ministry of Justice spokesman, Ahmed Laibi, said on Tuesday that the Iraqi Facts Department addressed the House of Representatives with an official letter in order to send the schedules of the Federal Financial Budget Law for the year 2024 in order to publish them in the Official Gazette.
Laibi explained in a statement to Shafaq News Agency, that there are communications between the Facts Department and the House of Representatives to complete the procedures and publish the budget tables in the Iraqi Facts newspaper.
For his part, a parliamentary source told the agency that this measure comes after the Real Estate Department returned the budget law schedules to the House of Representatives for the purpose of scrutinizing some articles and paragraphs of the law, but the House was late in sending them again.
The source added that the Council must return the budget law schedules before the end of this week and the Eid al-Adha holiday to avoid further delays.
At the beginning of last May, the Iraqi Council of Representatives voted on the budget schedules for the current year, 2024.
The budget included securing scholarships for university and school students, and increasing employee allocations by 4 trillion to secure the salaries of employees, new appointees, and retirees, and implementing the terms of contracts, appointments, and those whose contracts were terminated.
It also included allocating an amount of one trillion and 250 billion dinars to secure the increase in retirees' salaries, and allocations for disbursing end-of-service rewards to civilian and military retirees.
As well as increasing social welfare allocations to include more than 650,000 new families, increasing the capital of the Real Estate Bank by 500 billion dinars to cover citizens’ lending requests for housing, and allocating an amount of 5 trillion dinars to secure farmers’ entitlements to purchase wheat and barley crops.
At the beginning of this June, a member of the Parliamentary Finance Committee, Jamal Cougar, revealed an important step towards approving Iraq’s budget for the current year.
Koçer told Shafaq News Agency at the time that the House of Representatives voted on the budget law schedules and sent them in an official letter to the Ministry of Justice for the purpose of publishing them in the Iraqi newspaper Al-Waqe’i.
He stated that the budget schedules do not need to be approved by the Presidency of the Republic, given that Parliament voted last year on the three-year budget law.
He added that after publishing the budget tables in the Official Gazette, the Ministry of Finance and the Ministry of Planning will disburse operational and investment expenses, allocations and financial dues to ministries, institutions, bodies and government agencies, in addition to disbursing the governorates’ dues as specified in the budget tables. LINK
"RV UPDATE" BY ARIEL, 11 JUNE
💢 Ariel on X ✅⬇️
🇮🇶 Al-Sudani stated officially that "this year" Iraq will witness a tangible significant change for the Iraqi citizens.
Guess what?
This cannot be accomplished without releasing the new exchange rate.
This cannot be achieved without financing reconstruction projects.
This can not be attained without purchasing power for the national currency.
Iraq was just removed from the list of high-risk countries by the FATF.
Which means they have reached Security & Stability.
Period.
1:01 PM · Jun 10, 2024
https://x.com/Prolotario1/status/1800211742531764459?t=9XiwZXDxGYbk4UwkfcAHKw&s=19
Parliamentarian: The Basra-Aqaba Oil Pipeline Does Not Achieve Economic Feasibility For Iraq , 11 June
Parliamentarian: The Basra-Aqaba Oil Pipeline Does Not Achieve Economic Feasibility For Iraq
Economy Information/Baghdad.. On Tuesday, the representative of Basra Governorate, Rafiq Al-Salhi, considered the agreement to extend the oil pipeline from Basra to the Jordanian port of Aqaba as a failed project that does not achieve any economic benefit for Iraq, and the only beneficiary from it is the Jordanian side.
Al-Salhi said in a statement to the Al-Ma’louma Agency, “The project to extend an oil pipeline from Basra to Aqaba is a failed project and will cost the country large sums of money because it has no economic benefit for Iraq and the only beneficiary is the Jordanian side.”
He added, "The shipping and pumping costs operations will drain large amounts of money and costs compared to exporting it from the ports of Basra, as the cost of exporting one barrel from the ports of Basra is estimated at 6 cents, while the cost of a barrel from the port of Aqaba exceeds four dollars. This is a waste of money, in addition to its security risks related to protecting... Pipeline from terrorism or international targeting.”
Al-Salhi pointed out that "the project faces widespread criticism from oil specialists, so we categorically refuse to initiate the project now or in the future."
It is noteworthy that the Basra-Aqaba oil pipeline project is a proposed project to transport crude oil from the Rumaila field, in southern Iraq, to Aqaba, in southern Jordan. Its length is 1,700 km. LINK
Coffee with MarkZ. 06/11/2024
"ABOUT THE BRICS" BY GOLDILOCKS, 11 JUNE
GOLDILOCKS
BRICS calls for enhanced use of local currencies in trade between member countries
More signals…
Russia says BRICS is prioritizing a platform for member states to transact in national currencies.
It is only a matter of time.
Read: https://x.com/goldtelegraph_/status/1800362482869125210?s=46\ ---
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The BRICS ministers of Foreign Affairs met in Russia’s Nizhny Novgorod on June 10 and held a plethora of discussions, including an important one on the enhanced use of local currencies in trade and financial transactions between the BRICS countries.
https://www.thehindu.com/news/national/brics-calls-for-enhanced-use-of-local-currencies-in-trade-between-member-countries/article68275867.ece
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