Thursday, August 1, 2024
"BUT IT DOES EFFECT THE MONETARY REFORM... AND THAT'S WHY SUDANI DEALT WITH IT" BY FRANK26, 1 AUGUST
KTFA
FRANK26:"BUT IT DOES EFFECT THE MONETARY REFORM... AND THAT'S WHY SUDANI DEALT WITH IT".....F26
Government Advisor: Adopting budget schedules has become a reality and does not affect financial obligations
7/30/2024
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 a matter 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 applied 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."
"WE ARE CLOSER EACH DAY" BY TEXAS SNAKE, 1 AUGUST
TEXAS SNAKE
Texas Snake, [07/31/2024, 8:12:51 p. m.]:
While I was advised about this time yesterday that an announcement at midnight EDT we would be advised the RV would begin, this info could not be confirmed so I didn't share. As usual no such announcement was forthcoming.
All I can say folks all provisions for RV exchanges are completed relative to those trained to complete the exchanges and we continue to move forward.
We are closer each day so stay strong and continue to pray this event in. GOD Bless.......
Mel ❤️, [07/31/2024, 8:30:24 p. m.]:
Thank you snake!
"FRANK26 SAYS... LOL LOL LOL LOL LOL LOL LOL !!!" BY FRANK26, 1 AUGUST
KTFA
FRANK26: "FRANK26 SAYS... LOL LOL LOL LOL LOL LOL LOL !!!"..........F26
In the document: a parliamentary question to the Governor of the Central Bank about the price of the dollar
7/30/2024
Baghdad
The General Secretariat of the House of Representatives sent a notification to the Governor of the Central Bank of Iraq, Ali Al-Alaq, to answer a parliamentary question about the dollar exchange rate in the parallel market in a session whose date will be determined at a later time.
According to a letter from the House of Representatives Secretariat, received by “Baghdad Today”, he addressed the Governor of the Central Bank, “We refer to you the parliamentary question directed by Representative (Hadi Hassan Al-Salami) to be answered orally in the presence of the Governor of the Central Bank at the session of the House of Representatives.”
He pointed out that "the date of the session will be determined later according to the legally specified period."
LATEST FROM JON DOWLING, 1 AUGUST
JON DOWLING
Short and sweet today folks. In addition to Iraq voting the gas law into parliament, they are picking a new speaker of the house at the sane time, which is a necessary step for the RI.
What a coincidence: Israel got a date of September for the troops to start leaving and then they take out Hana’s and Hezbollah leaders. And talks of judge Torres soon to render her decision on XRP. It’s all coded and it’s all coming together right in front of us.
@JonDowling
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Breaking News: as it should come as no surprise to the group, the Fed pauses interest rates until September, when they plan to make their first of many rate cures around the second to third week of September. ;
@JonDowling
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