Saturday, July 6, 2024
A Government Policy To Control The State's Public Finances
Iraq 07/03/2024 Baghdad: Huda Al-Azzawi Iraq has suffered throughout the previous years from the inability of successive governments to control spending, both operational and investment, and to control expenditures in all sections of activities approved by the state’s general budget,
until the current government - according to what specialists see - was able, through its policies, to control the state’s public finances through... Implementing automation and electronic governance programs, as well as moving towards balancing programs and performance and not just balancing items.
The Prime Minister’s Advisor for Financial and Economic Affairs, Dr. Mazhar Muhammad Saleh, said in an interview with “Al-Sabah”:
“Within the scope of implementing its financial policy, the federal government has diagnosed that building the federal general budget on the principle of the so-called budget items alone does not provide an adequate basis for controlling financial transactions.” And reassurance of expenses, both operational and investment, in terms of performance and correct targeting of the activity spent on efficient".
He stated, “In this regard, the scope of financial responsibility required moving in two parallel directions to raise the efficiency of public finance and financial discipline. The
first is:
automating public finance work in revenues and expenditures,
introducing digital systems, and
relying on electronic governance through the contents that the government program came up with, and the
second:
focusing on directing... Public spending, especially investment spending in implementing public projects,
aims to balance programs and performance in a gradual and systematic manner, to
ensure efficient implementation and
evaluate the performance of expenditures without disruption, delay, or waste of public money.” He pointed out,
“This is what the current financial policy has taken by adopting disbursement programs that provide oversight and evaluation of multi-faceted activities that concern broad sectors and activities and are currently called (special programs), without implicitly abandoning the budget items that will be an integral part of the budget.” Special programs or programs as a first stage.” Saleh stressed,
“Based on the above, the country’s financial system is currently being modernized in a successive manner with two pillars (financial automation and modernization of government accounting) and in accordance with the principles of digital control and the adoption of program principles in implementing and managing public budgets in a gradual and systematic manner within the framework of the economic reform policy.” And the country's finances.
For his part, the academic researcher in financial affairs and development, Aqeel Jabr Ali Al-Muhammadawi, said in an interview with “Al-Sabah”:
“It is not possible to implement the management and control of public financial flows with high efficiency without evaluating and analyzing the financial situation, and the sustainability of public finances on solid financial foundations and methodology and a financial mentality.”
“A new specialist with more accurate and sober financial models that transcends areas of functional and institutional dysfunction in public financial decisions and procedures, which will provide legal entities and public government institutions with additional objective information that can positively impact the quality of administrative decision-making and decision-making taken by government bodies, councils and departments.”
He added, "This indicates the necessary need to prepare a comprehensive financial methodology from experts in the accounting and financial specialization, more than economists, in order to develop
statistics,
financial indicators,
national accounts,
financial practices,
banking supervision,
financial and real estate credit,
financial insurance, and others
according to concepts, and to provide specialized and advanced financial analysis."
And more accurate and sober, taking into account differences in the areas of building, formulating and setting standards and metrics according to standard models, as well as financial practices and applications and statistical resources from various governmental and non-governmental institutions.” https://alsabaah.iq/98944-.html
"QFS CONVERSATION" BY GOLDILOCKS, 6 JULY
GOLDILOCKS
"Today, July 2, the U.S. Mint notified customers via email that it will increase prices on all its silver collector products, with the exception of the 2024 commemorative coins. The rise in the spot price of silver and other associated costs was cited as the reason for the price hikes, which will take effect on July 9."
Several things could be going on...
* Supply and demand
* Geopolitical events
* Currency values
* Silver production
Each of these issues are currently going on at this time, but I am aware that the demand for local currencies are on the rise. These new demands for local currencies will begin influencing the metal markets.
Hopefully the demand for the new currencies going on around the world is creating the bulk of this change, but all of them would be correct at this time.
Futures contract prices are often based on the spot price of a commodity as a starting point. Because of the four issues named above, price determinations are often based inside a future contract to meet the needs of increasing prices to meet those demands. The end result is an increase in the value of a commodity you hold.
© Goldilocks
https://www.coinnews.net/2024/07/02/u-s-mint-announces-silver-product-price-hikes-morgan-and-peace-dollars-included/
Weekend News with MarkZ. 07/06/2024
"NOTES OF THE LEA'S NEWS NUGGETS TODAY" FROM RVHIGHLIGHT TELEGRAM ROOM, 6 JULY
I listened to Lea’s News Nuggets today .
Some of my notes may be duplicate of others notes.
1. Iraq gives disclosure tonight or tomorrow on paper. info on Iraq rate & budget was released last Sat digitally.
2. Iraq is moving and cannot stop movement now.
3. Tues a week ago bond $ started, Mon this week bonds were funded.
4. they want RV money to be pd in new money not fiat.
5. 7/4 soft disclosure of USTN and Nasara. (May be called something else)
6. if disclosure happens we could have notifications by Mon & appts soon after
7. soon as Nasara announced, Joe is gone.
8. after this holiday weekend we s/b able to see the light of our new world
9. banks closed 3 days Thurs, Sat & Sun
10. RV banks have been on 1 hr call for 2 weeks now.
11. 7/1 our R&R was loaded on our QFS to pay out w/ we RV.
12. If not doing RV, the public w/b instructed during the EBS how to get R&R. Basically w/ QFS set up they will have access to money.
13. watch for a heart attack as a marker. If Pope goes down it’s a marker the banking system goes down because he represented Vatican Bank
14. highly recommend to stay away from large crowds due to FF.
https://operationdisclosureof...
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