Parliamentary Finance: No new appointments in the 2025 budget, 11 FEB

 Parliamentary Finance: No new appointments in the 2025 budget

The Parliamentary Finance Committee confirmed, on Sunday, February 9, 2025, that there are no appointments in the federal budget for the current year. 

Committee member Mustafa Al-Karawi said in a statement followed by Al-Jabal, "According to the latest amendments, there is no fundamental change in the budget law, and no new appointments have been included, but it is possible for the government to move within the budget schedules to reactivate some of the previous specializations and texts."

He stated that "the amendments sent by the Prime Minister and the Council of Ministers were limited to Article (12) related to the cost of extracting oil in the Kurdistan Region," indicating that "the amended article is supposed to enter into force soon, which will allow the start of exporting oil from the region's wells through the SOMO company."

The Ministerial Council for the Economy recommended a few days ago to stop listing new investment projects except for necessary ones.

The Council sent its recommendation to the Council of Ministers regarding new investment projects to stop listing these projects except for the necessary ones, with the approval of the Council of Ministers and the endorsement of the Ministry of Planning and Finance to provide financial allocation before entering into any financial obligations  link

TIDBIT FROM CLARE, 11 FEB

 Clare  

Article: "US threat to punish Rafidain may destroy dollar, salaries, and push Iraq into isolation" 

 Quote:  "Professor of International Economics, Nawar Al-Saadi, says, If sanctions are imposed on the Iraqi banking system, the effects will be broad and profound, as this will lead to major disruption in the Iraqi economy, especially since Iraq relies almost entirely on the American financial system in its international dealings, 

whether through transfers or reserves in the US Federal Reserve, and any restrictions on these dealings will lead to a severe shortage of dollar liquidity, which will increase the demand for the dollar on the black market, and thus raise its exchange rate against the Iraqi dinar."

MARKZ: Bankers on Weekend Duty What's Up? @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

Parliamentary finance reveals to “the mountains” information received from the government: budget tables will arrive, 10 FEB

 Parliamentary finance reveals to “the mountains” information received from the government: budget tables will arrive

The Parliamentary Finance Committee confirmed on Monday that the 2025 budget tables are about to reach the Iraqi Council of Representatives, according to information received from the government.

“According to the information we have received from the Iraqi government, it intends to send the budget tables for 2025 within the next few days, and we are waiting for it to arrive to view and study them before voting on them,” committee member Jamal Koger told Al-Jabal.

Koger said that “the delay in approving the budget schedules for 2025 will not affect the issue of disbursing the salaries of employees and retirees, as salaries are secured for months this year, and it is possible to work on spending them without waiting for the approval of the budget, there is no fear of that.”

https://aljeebal.com/posts/3557

TIDBIT FROM MNT GOAT, 10 FEB

 Mnt Goat   

Article:  "ECONOMIST: WASHINGTON’S POLICIES TOWARDS IRAQ PREVENTED THE REVIVAL OF ITS FINANCIAL RESOURCES" 

  Will Trump change this Obama/Biden era foreign policies towards Iraq?

  This is the only way and I mean ONLY way we will see the RV in short order. ...

The fact that Trump is a businessman before being a politician gives him the advantage to see the great potential for American investment in Iraq...

MARKZ: THEY ARE TESTING THE DINAR ON FOREX! @DINARREVALUATION #iraqidinarinvestor

 

Kurdistan Region strengthens global presence at Dubai Summit, 10 FEB

 Kurdistan Region strengthens global presence at Dubai Summit

Shafaq News/ Kurdistan Region Prime Minister Masrour Barzani arrived, on Monday, in the United Arab Emirates, leading a government delegation to the World Government Summit in Dubai.

The summit, from February 11 to 13, gathers global leaders, experts, and policymakers to discuss key issues such as governance, technology, sustainability, and economic development.

During the summit, Barzani is expected to meet with heads of state and senior officials to discuss strengthening ties between the Kurdistan Region and participating countries. “Our discussions will focus on expanding cooperation in critical areas such as the economy, investment, and trade, while also addressing the evolving political situation in Iraq and the broader region,” Barzani’s office said in an official statement.

https://shafaq.com/en/Kurdistan/Kurdistan-Region-strengthens-global-presence-at-Dubai-Summit