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Government Advisor: Adopting budget schedules has become a reality and does not affect financial obligations, 30 July

 The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the budget schedules have become a reality, and issuing instructions is a procedural matter that does not affect financial obligations.

Saleh said, in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the legal basis for the current fiscal year 2024 is something that has been legislated and approved primarily, based on the provisions of the federal general budget for the years 2023, 2025, 2024 issued by Law No. 13 of 2023, which was published on June 26, 2023 in the Official Gazette."

He explained that "what is stipulated in Article Two/77 of the law includes the executive authority submitting the financial tables for the two fiscal years 2024, 2025 to enable the House of Representatives to approve them sequentially," noting that "this was achieved in the fiscal year 2024." He
pointed out that "the three-year federal general budget was implemented for the first time in the country, which was based in its approval on one of the articles included in the provisions of the Federal Financial Management Law No. 6 of 2019, as amended, which authorized the work of a financial plan consisting of a general budget for three fiscal years."

He added that "the legal options available to implement the provisions of the federal general budget have become more flexible for the federal financial authority, in addition to the availability of the federal financial management law itself, which allows financial transactions even if any approval of the general budget formalities is delayed in principle, especially allowing continued spending or disbursement on investment projects approved in the three-year general budget as ongoing projects, as well as operational spending, or any financial transactions stipulated in the three-year general budget law."

He added, "Despite this, the adoption of the financial tables for the current fiscal year 2024, which were approved by the House of Representatives earlier this year, has become a reality, and issuing instructions for their implementation is a procedural matter that does not affect the obligations of the fiscal year itself, as these instructions are in all cases consistent with the emerging financial transactions when issued."

He added that "the Ministry of Finance had announced earlier this month the issuance of financial bonds (achievement bond) as a source of financing for the budget by borrowing from the local financial market worth 1.5 trillion dinars," stressing that "spending on operating expenses such as salaries, pensions, social care, debt services, and others is ongoing, in addition to the continued financing of ongoing investment projects and those under implementation."

He pointed out that "all of these activities are financial activities in which spending has not stopped, which is consistent with the legal work rules that came with the three-year federal general budget, with high flexibility, transparency, and governance."

He noted that "the instructions for implementing the general budget schedules for the fiscal year 2024 will touch upon some of the developments and partial financial transactions that have been newly created or adapted, and not the faculties of public finance, and that the financial activity in the country with its three pillars: revenues, expenditures, and deficit management is proceeding in a consistent and harmonious manner and in accordance with the objectives of the three-year general budget law, and that the executive and legislative authorities are in continuous communication and high coordination to ensure the achievement of public interests without interruption   link

GINTEL: RV THERE YET?" : GERMAN BONDS, PART. 3, 30 JULY

 German Bonds

Confirming details to support the Gintel from July 23, 2024. Wow, do y’all remember my hilarious, funny camping story where you had to decode the campers going to the triple cabin extravaganza and the quadruple fun trip where we talked about the wet white-water rafting.

 If you haven’t seen that news from July 23, go back and decode that. It was wonderful, and packed with amazing things, I just didn’t have time to reshare in this. But during that segment, I shared with you that the Germans were yodeling, the German bond holders were yodeling happily. Happy Camper German Bond holders were being processed in Europe, and yodeling away.

You will also recall that I heard from my dear friend Tinka, who is a faithful Liberty Lounger, she’s been with us a long time, and she chimed in and said, “That fits in with what we are experiencing here!

\ A friend of mine who lives in Germany is very close to what's happening in Zurich! She told me two weeks ago that everything was being processed and settled, and I asked her how far along they were, how long it would take, and she sent me pictures of a boat party which took place on a big lake so apparently, she's not allowed to talk about it, but her pictures and photographs, that was answer enough for me”. Tinka shared that on July 24, so that’s really great news with the bond movement. And I’ve taught you all before that we have to see the German bonds paid out, then the Yellow Dragon Bonds, and then they start the groups, the bigger groups and platforms. So we’re pacing it right along. I also had a few things to say about the Yellow Dragon Bonds, swimming like the Loch Ness monster, so have fun with that.

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Article 140 raises controversy again.. Calls to delay its implementation and take into account the “sensitivity of the situation”, 30 July

 MP Mudhar Al-Karwi called, today, Monday (July 29, 2024), to delay the implementation of Article 140 in 38 villages in eastern Iraq, stressing that  the sensitivity of the situation must be taken into account .

Al-Karwi said in an interview with Baghdad Today, "The Committee for the Implementation of Article 140 recently issued a decision regarding agricultural contracts in 38 villages located within the vicinity of Khanaqin District in Diyala Governorate. This is a sensitive issue and requires flexible procedures because hundreds of farmers have official contracts that extend for decades."

Al-Karwi called on the Prime Minister to “issue an order to delay the implementation of the decision of the Committee for the Implementation of Article 140 and to give an opportunity to review the contracts in the villages covered by a higher committee affiliated with the Ministry of Agriculture and the rest of the parties to avoid any injustice or unfairness that affects Arab farmers. The sensitivity of the situation must be taken into account and the matter must be done according to fair and just principles to avoid any confusion.”

He pointed out that "waiting is the most appropriate thing at the moment and agreeing on specific procedures that will lead to achieving justice and fairness for all parties and that no farmer will be wronged, especially since the residents of these villages have been living there for decades."

It is noteworthy that the Article 140 Implementation Committee, headed by Hadi al-Amiri, recently issued a decision regarding agricultural contracts in the villages of Khanaqin and returning them to Kurdish farmers.  link

GINTEL: "RV There Yet? :RG Paymaster detail", PART. 3, 30 JULY

 RG Paymaster detail

 So now some more Gintel. RG is in the house. You guys can go give him some love on the group chat. We’re going to share a tidbit that he shared with us. RG gives us a paymaster detail. He says, “A paymaster once told his group (where I'm in) that we don't need to worry about how much money we are getting when exchanging and redeeming, even if we only have 1 Zim bond note. The QFS knows where and on what you are spending your money.

 When and if most of your funds goes to projects that assist humanity and you are running out, more will be deposited, and you should just carry on and not even think about scarcity as there will be an abundant flow of money to whoever to do good with it.” Isn’t that beautiful?

Sam Adams1776 replied: “That sounds wonderful!”

RG: Yes, and exactly how it should be and what I'm taking as gospel truth.

Said paymaster is highly connected with folks in charge of all of this. But, we'll find out the truth at our appointments.

And I just want to give RG a shout out, because the Celestial Alliance told us the exact same thing. And this has been taught in previous Chronicles. So, for us to have the Celestial validation, and then a real live person validating that as a paymaster in the know, I just could not be more excited.

I also explained to you last week that the Admiral in Reno was heard to have said, “I am QB1” meaning the ball is in his hands to make a score. His work will give liquidity to CMKX, farm claims and other groups/platforms. I heard that two larger church groups have been paid, but this piece here is not vetted by me – so chalk it up to a rumor.

Breaking Hidden Exchange Rates In Iraq Big News For Investors