Sunday, December 15, 2024
Parliamentary Finance Committee reveals the impact of the delay in 2025 schedules on salaries and projects, 15 DEC
Parliamentary Finance Committee reveals the impact of the delay in 2025 schedules on salaries and projects
The Parliamentary Finance Committee revealed, today, Sunday, the extent of the impact of the delay in the 2025 budget schedules on projects and salaries for the next year.
Committee member Mustafa Al-Karawi said, “The budget is a three-year budget, so its texts are ongoing, except for the tables, which are revised and amended according to the actual spending and expenditure,” noting that “the projects that operate in arms and are ongoing will continue their work.”
He explained that "the current ongoing projects will remain, and salaries will continue for next year, even if the approval of the 2025 schedules is delayed," adding that "the new inclusion of new projects will be suspended until the schedules are approved, because a new project cannot be included, and spending will continue on the 2024 schedules, until the new schedules are approved, and then new projects can be included."
Expectations indicate that the 2025 schedules will be delayed for a long time, because the parliament’s legislative recess will not end until January 9th of next year, 2025.
The schedules will also remain suspended until the completion of amending the budget law, specifically paragraph 12 related to the Kurdistan region, which faces severe disagreements, which will lead to obstructing the amendment of the budget or approving the schedules. link
TIDBIT FROM BRUCE, 15 DEC
Bruce
[via WiserNow] We did hear that the Iraqi Dinar is trading and is in a trading range 4.00 to 4.20 in Iraq as an in country rate now...
Now our rates at the redemption Center are totally different and much higher...our contract rate on the dinar in the redemption center only...
Now, what we have heard most recently...because things have changed...my Intel has changed, but what we're hearing is that we are going to have an amazing weekend...The most recent information is that all the releases would be on Saturday...so I'm looking at our day to get notified...
on Saturday. So the main thing is, half of this battle is getting the numbers, setting our appointments and then It's a done deal – we’re able to move forward with our exchanges as soon as we can...We're hearing we're going to have a super fantastic weekend...
To discuss the budget and salaries of Kurdistan.. A delegation from the regional government arrives in Baghdad, 15 DEC
To discuss the budget and salaries of Kurdistan.. A delegation from the regional government arrives in Baghdad
A high-level delegation from the Kurdistan Regional Government arrived this morning, Sunday.KurdistantoCapital BaghdadTo discuss a number of files, most notably the budget and salaries of the region’s employees.
The spokesman wasMinistry of FinanceThe Minister of Economy in the Kurdistan Regional Government, Honar Jamal, confirmed yesterday, Saturday, that the Minister of Finance and Economy in the Regional Government, Awat Sheikh Janab, will head the government delegation.
He explained that "the delegation will meet with the Federal Minister of Finance, Taif Sami, to discuss the issue of salaries of the region's employees for the months of October, November and December of 2024, in addition to discussing amending the federal budget and the region's share in the 2025 budget." link
DINAR REVALUATION UPDATE: We are witnessing a paradigm shift, 15 DEC
DINAR REVALUATION UPDATE
There is a lot of news on dollar auctions and currency manipulation today as we are nearing the end of them. They are trying to root out the corrupt elements to the maximum possible extent before they look to RV.
Though only 5 banks are having correspondent bank tieup in USA ,lot of other banks have time ups to deal in yuan,rupees,dirham and euro.-
Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...