UPDATE ABOUT THE BOND SIDE, CURRENCY AUCTION STOP BY MIKE BARA, MARKZ & ...

Parliamentary Finance: 2025 budget tables must be realistic, 15 OCT

 Moeen Al-Kadhimi, a member of the Parliamentary Finance Committee, emphasized today, Monday, the significance of reducing the financial deficit by diversifying revenues from sources other than oil.

“The volume of expenditures in the 2024 budget amounted to only 120 trillion dinars out of 211 trillion dinars, so the 2025 budget tables submitted by the government to Parliament must be realistic tables before the end of this year,” Al-Kadhimi stated in a statement to

He emphasized “the importance of diversifying non-oil revenues as a means of reducing the financial deficit, in addition to the revenues generated from self-financing institutions” and “the need to formulate the 2025 budget schedules realistically, with what is needed in the operational and investment aspects, away from the increase that occurred this year.”

He said, “Relying on oil sales as a major source for the Iraqi treasury still represents a major challenge, but in return there are efforts to increase non-oil revenues during the next phase.” He was referring to the situation in Iraq.

Mazhar Muhammad Salih, the Prime Minister’s financial advisor, previously stated that the Ministry of Finance is working on the general budget tables for the year 2025 and highlighted the most significant pillars that will be included in the budget for the following year.

EXCERPTS FROM MARKZ: "THEY HAVE BEEN TESTING FOR AWHILE NOW" , 15 OCT

 EXCERPTS FROM MARKZ

Member: Wolverine said Whales are testing the QFS payment system ...

MZ: they have been testing for awhile now…..I absolutely agree with that. 

Member: I think the BRICS Summit is going to be huge…just 2 weeks away 

MZ: I am looking forward to the BRICS meetings this month. 

Member; What is your gut feeling Mark?

MZ: My gut feeling is screaming I’m going to finally get to call it quits before Halloween. I am so darn hopeful we are on the short and skinny side of this thing. 

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Al-Sudani: All I aspire to is to serve the Iraqis, 15 OCT

 Al-Sudani: All I aspire to is to serve the Iraqis

10/13/2024  Baghdad

Prime Minister Mohammed Shia al-Sudani said today, Sunday, October 13, 2024, that all he aspires to is to serve the Iraqis and put Iraq first in our government policy.

Al-Sudani said in an interview with CNN that: "The Iraqi government committed before the House of Representatives to rearrange the relationship with the international coalition to fight the terrorist ISIS."

He explained that "the international coalition was formed based on the invitation of the Iraqi government in 2014 and achieved, with the help of Iraq and friends, a historic achievement for the region and the world by defeating ISIS," stressing that "ISIS gangs do not represent a threat to the state."

The Prime Minister explained that "Iran is a neighboring country that is linked to Iraq in many areas and supports the political process," noting that "Iraq is the only country in the region that has balanced relations between countries that may have problems or disagreements, and it is a country that is completely different from the past stage."

Al-Sudani continued, "Iraq is witnessing unprecedented economic development and a stable political system. It is building balanced relations, confronting all corruption problems, and working on commercial and administrative reforms."

"We are turning into a promising country that represents a cornerstone in the stability of the Middle East," he said, adding, "Iraq and the United States are bound by the Strategic Framework Agreement in 2008, and we are working to activate it."

He stressed that "the Iraqi people are currently living in a state of hope and optimism."   LINK

EXCERPTS FROM MARKZ: "THE BOND SIDE" , 15 OCT

 EXCERPTS FROM MARKZ

THE BOND SIDE

MZ: On the bond side there is a lot of expectations for this week.

 There are a number of meetings occurring today that should give us a better idea on timing, rumors and progress. I should hear about these sometime this afternoon.  

MZ: the last update was they are ready and waiting for permission …they have completed all the steps and just waiting for the green light.