MAJEED
READY????? Almost done with auditing the payroll with the new rate based on article 77/I and 5/I of the three years budget .
IRAQI NEWS : Iraqi Deputy Finance Minister Rebaz Hamlan announced that the federal Ministry of Finance and the KRG Finance Ministry are close to finalizing their work on expenditure reviews and resolving technical issues related to the salaries of civil servants in the Kurdistan Region.
Parliament: The budget tables of 2025 will reach us early next year
Mawazine News – Baghdad
The Parliamentary Finance Committee, on Friday, determined the date of the arrival of the 2025 budget tables to the House of Representatives, pointing out that the budget schedules will arrive early next year.
“The issue of amending the oil item for the Kurdistan Region is hoped that it will be referred to the 2025 budget tables,
as it is hoped that the tables will be sent to the House of Representatives at the beginning of next year, according to the Prime Minister,” the head of the Parliamentary Finance Committee, Atwan Al-Atwani, said in a statement from the official agency.
He stressed that “there is a need to find radical solutions to the outstanding problems between the federal government and the regional government,” noting that “the goal is not only to add new items within the budget, but to provide applicable and enforceable clauses.”
He added that “the amendments were presented to the head of the Financial Supervisory Board, who made some observations on the old controversial points related to the settlement of oil dues,” stressing that “the Finance Committee will follow up this file seriously during the coming period.”
BREAKING: Donald Trump signs a deal to integrate $68 billion worth of $XRP into the Federal Reserve and Treasury!
ARIEL
Al-Sudani Advisor: The government program seeks to raise non-oil revenues to 20%
Baghdad – Mil
The adviser to Prime Minister Mazhar Mohammed Saleh confirmed on Saturday that non-oil revenues have witnessed a significant change in their contribution to budget resources, while the government program seeks to raise them to 20%.
Saleh said: “There are two tracks in the rise in non-oil revenues, which has witnessed a significant shift in its contribution to federal budget resources, and as indicated by Prime Minister Mohammed Shia Al-Sudani,” noting that “the first track is the high growth rate in non-oil GDP to touch 6% annually, and is a leap in the development of productive activities for sectors of economies outside oil, directed by the transport sector, digital communication technology, housing, construction, infrastructure, agriculture and clear industrial transformation.”
He added that “the other track is the development in public budget resources without an oil supplier due to the high discipline in tax and customs collection after the introduction of digital and automation processes and the expansion of the contact with neglected tax vessels,” pointing out that “the progress made is consistent with the government program to seek to raise the share of non-oil revenues over time and within the economic reform packages by making them 20% instead of less than 10%.”
Saleh explained that “this issue is related to the growth in non-oil GDP on the one hand and the financial maximization of budget resources from traditional revenue sources, both direct and indirect taxes and various related government revenues, which generates an integrative relationship between financial sustainability and economic sustainability over time, which is a upper goal of the government program.”
MILITIAMAN CC HIGHLIGHTS
Iraq’s non-oil revenues are surging, signaling economic growth and new investment opportunities, particularly in technology and global partnerships.
Guy Definitely the top 5 or 6 banks are going to be doing this. That's Chase, Citi, Bank of America, Wells Fargo, Goldman Sachs......