Financial Advisor: The good performance of the fiscal space reflects the government’s ability to increase spending without problems, 18 NOV

Financial Advisor: The good performance of the fiscal space reflects the government’s ability to increase spending without problems

Mawazine News – Baghdad

The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh, confirmed on Saturday that the good performance of the fiscal space is a sign of the government’s ability to increase spending without facing financial problems, pointing out that the temporary shortage in the flow of public revenues in some months did not disrupt the government’s work.


Saleh said that “the government’s fiscal policy worked towards the principle of fiscal space in the economy, which means that the pace of public spending, especially on investment projects, was not significantly affected by the temporary shortage in the flow of public revenues in some months.”


Saleh added: “The good performance of the fiscal space indicates the government’s ability to increase spending or provide social support in a way that contributes to supporting the economy without causing serious financial problems such as inflation or large deficits.”


He continued: “This fiscal space is still available when the country’s financial conditions are good, allowing the government to adopt fiscal policies that stimulate economic growth, such as increasing spending on infrastructure or improving social services.”

https://www.mawazin.net/Details.aspx?jimare=256624

ABOUT THE NEW PEG FOR THE DINAR BY MNT GOAT, 18 NOV

 Mnt Goat  

  I had an interesting conversation with my CBI contact...Wednesday.   We talked about the new peg for the dinar. 

The new peg is established and will finally take the place for IQD peg instead the sole de facto peg to the US dollar.

 I was told we will shortly see news articles on this subject matter as they educate the citizens...

WOLVERINE: " it is definitely happening" @DINARREVALUATION

 

Sudanese agrees to start implementing 35 new service projects within 10 days, 18 NOV

 Sudanese agrees to start implementing 35 new service projects within 10 days

Baghdad – Mil

A meeting chaired by Prime Minister Mohammed Shia Al-Sudani, on Saturday, witnessed the approval of 35 new service projects attached to the 2024 projects, provided that they will be implemented immediately within 10 days in Baghdad and a number of governorates.

Al-Sudani’s office said in a statement in response to “Mil” that “Prime Minister Mohammed Shia Al-Sudani chaired today, Saturday, the periodic meeting of the Service and Engineering Effort team,” noting that “the meeting witnessed a review of the progress of the implementation of the projects on which the effort team is working on, and the completion rates achieved in them, and 35 new service projects were approved that are attached to the 2024 projects, which are immediately implemented within 10 days in Baghdad and a number of governorates.”

Al-Sudani stressed, according to the statement, “the need to complete the projects of the year 2024 before their end,” pointing out that “these projects must be implemented according to high standard technical specifications, in order to provide the service to citizens in a qualitative and distinctive way.”

https://miliq.news/political/38694–35-10-.html

" NOVEMBER & DECEMBER ARE TO PREPARE FOR THE LAUNCHING OF THE NEW EXCHANGE RATE AND LOWER NOTES FROM FIREFLY, 18 NOV

 Frank26 

 [Iraq boots-on-the-ground report] 

 FIREFLY: Mr. Sammy reminds you he said next year.  Hopes for this year. 

 FRANK:  ...My reason for saying this year is because everything that is needed in order to bring forth a new exchange rate and the lower notes is being shown and introduced this year...Very soon you're going to see bulletin boards in these new exchange centers with the pictures of the lower notes and the descriptions.  

All of this is important in November and December to prepare you for the launching of the new exchange rate and the new lower notes.  If it happens to be next year, so be it.

DINAR REVALUATION REPORT: "GREEN LIGHT FOR IRAQ" @DINARREVALUATION

 

The President of the Republic confirms to the Governor of the Central Bank of the need to develop a future strategy for fiscal policy, 18 NOV

The President of the Republic confirms to the Governor of the Central Bank of the need to develop a future strategy for fiscal policy

Baghdad – Mil

President of the Republic Abdul Latif Jamal Rashid stressed on Sunday the need to develop a future strategy for fiscal policy.

The Media Office of the President of the Republic said in a statement that “President of the Republic, Abdul Latif Jamal Rashid, received, in Baghdad Palace, the Governor of the Central Bank, Ali Mohsen Al-Alak.”

He explained that “during the meeting, plans to reform and develop the government and private banking sector were reviewed, and the work of the central bank was supported to promote financial stability and achieve economic development.”

According to the statement, the President stressed the need for “a future strategy for fiscal policy according to clear transparent standards that contribute to the development of services provided to the citizen and build a sober banking sector.”

In turn, Al-Alak reviewed “the Central Bank’s plans and procedures aimed at developing the banking sector to play its role in facing economic challenges.”

https://miliq.news/political/38728–.html