DINAR REVALUATION

Tuesday, October 22, 2024

Parliamentary Finance: 2025 Budget Expected To Reach Parliament Early Next Year

Economy - 2024-10-21 The head of the Parliamentary Finance Committee, Atwan Al-Atwani, confirmed today, Monday, that the government has begun meetings to restructure the items of the 2025 budget, while he expected it to reach the House of Representatives early next year.

He pointed out that the Finance Committee discussed the public financial management project with a delegation from the Adam Smith International Foundation.

The media office of the head of the committee stated in a statement that "the head of the Finance Committee, Atwan Al-Atwani, received a delegation from the Adam Smith International Foundation at the headquarters of the Finance Committee, to discuss the public financial management project prepared by the international institution to help reform the tax and customs sectors, public debt management and the Development Fund."

He added that "Al-Atwani reviewed before the delegation, in the presence of the economic advisor to the British Embassy, the most important challenges facing the financial system in Iraq, as well as the steps and priorities of the Finance Committee within the framework of finding a correct philosophy and rational management of public money and the economy by diversifying sources of income and not relying excessively on oil to feed the state budget."

Al-Atwani said, according to the statement, that "the parliamentary finance committee, as part of its ongoing efforts and continuous efforts to maximize non-oil revenues, is currently working on amending the law of the General Authority for Monitoring the Allocation of Federal Revenues, so that it can play its role in evaluating, monitoring and collecting these revenues in a sound and regular manner, in addition to including a new task in the law related to evaluating the performance of the budget and expenditures."

He added that "the committee is conducting an in-depth study of the Stock and Commodities Market Law, which it intends to legislate during the coming period, and is holding specialized workshops in order to encourage Islamic banks to enter into banking and financial activity."

He pointed out that "the finance committee is working on a number of proposed laws that aim to regulate financial management, including the proposed law on investment in Islamic bonds, and the proposed law on the Center for Banking Studies."

Regarding the 2025 budget, Al-Atwani estimated that it would reach the House of Representatives early next year, indicating that "the government has begun meetings to restructure the budget items."

He noted that "the oil dispute with the Kurdistan Region is one of the most prominent problems facing the preparation of next year's budget," referring to "the committee's efforts and efforts to resolve the dispute between Baghdad and Erbil, through meetings with representatives of the regional government and the federal government.

The points of contention have been identified and diagnosed by the committee, and the legal and constitutional path to overcome them has been determined; as we hope to reach a final agreement in the next stage, in order to resume the export of the region's oil, in a way that ensures the enhancement of the state's resources." In

turn, the institution's delegation confirmed its interest and keenness to support the financial system in Iraq, through a long-term strategy, specialized training and consultations to develop Iraqi systems and legislation. https://kirkuktv.net/AR/Details/22785

RV UPDATE BY MIKE BARA, 22 OCT

MIKE BARA

UPDATE

1. I know for a fact (not hearsay) of TWO whales who were called to Zurich on Sunday night to cash-in on their bonds. One of them who was to check in has now gone completely silent (NDA).

2. BRICS Summit opens today.

3. The Gazette in Iraq is published every Wednesday and Saturday.

4. 3:15.

DINARLAND UPDATE: " THEY ARE PREPARING FOR BEGIN THE PROCESS OF DELETE ZEROS TO THE IQD" @DINARREVALUATION

Croatian PM: Iraq represents an important opportunity for development and investment in the energy and oil sector, 22 OCT

Croatian PM: Iraq represents an important opportunity for development and investment in the energy and oil sector

Croatian Prime Minister Andrej Plenkovic confirmed today, Monday, that Iraq represents an important opportunity for development and investment in the energy and oil sector, while stressing the need to develop bilateral cooperation in the military, security and economic fields.

A statement by the Ministry of Foreign Affairs - received by the Iraqi News Agency (INA) - stated that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein met with the Prime Minister of the Republic of Croatia Andrej Plenkovic, in the presence of the Croatian Foreign Minister and the Croatian Ambassador to Iraq, where the meeting was devoted to discussing paths of cooperation and partnership between the two countries, in a way that enhances their efforts to achieve sustainable economic development and prosperity."

The statement added that "the two sides discussed ways to enhance cooperation in the economic, investment and energy sectors, with a focus on the oil and gas sector, and stressed the importance of expanding cooperation in vital areas of common interest."

Hussein pointed out - according to the statement - to "the need to enhance cooperation between the two countries in the field of combating terrorism, and reviewed the outcomes of his European tour. The meeting addressed coordination on unifying positions regarding the war in Gaza and Lebanon."
He stressed that "the continuation of the war in Gaza and Lebanon may lead to the outbreak of new conflicts in other regions," stressing that "the only way to prevent this is to increase pressure on the Zionist entity to cease fire."

For his part, the Croatian Prime Minister expressed his "congratulations on the opening of the Iraqi embassy in Croatia," stressing "the importance of its presence in deepening relations between the two countries at various levels." He also stressed "the need to develop bilateral cooperation, especially in the military, security and economic fields," noting that "Iraq represents an important opportunity for development and investment, especially in the energy, oil and gas sector."

The statement concluded with the Foreign Minister expressing his "happiness to visit the friendly Republic of Croatia," stressing "the strength of relations between the two countries and their mutual keenness to strengthen them in a way that serves their development goals and contributes to achieving the interests of their peoples." link

TIDBIT FROM MILITIAMAN, 22 OCT

Militia Man

They're preparing because they're going to have much of [the three zero currency] they weren't able to get off the street back coming into the banks.

But what are they going to need for those folks that held that money...?

The project to delete the zeros is going to bring value. It's going to bring purchasing power...

DINAR REVALUATION

Tuesday, October 22, 2024