Parliamentary Finance: The government is determined to prepare the financial budget schedules.

 Parliamentary Finance: The government is determined to prepare the financial budget schedules.

The Parliamentary Finance Committee confirmed on Thursday that the government is working on preparing budget schedules that are in line with the country's financial reality.

Committee member Atwan Al-Atwani said in a statement followed by Lakma News that "the committee discussed with the Prime Minister the preparation of the budget, and stressed the need for it to arrive before the end of the year to give legal status to government spending, both operational and investment."

He added, "The government is determined to prepare budget schedules in line with the current financial reality, given the increase in operating spending and the need for investment spending to finance projects. We look forward to the budget being presented to the House of Representatives in the coming days."

Al-Atwani pointed out that "the government is keen to secure salaries despite the annual financial deficit," noting that "the government is taking serious steps to provide alternatives to financing the budget other than oil to ensure additional resources."  link

MNT GOAT: They are going to use Iraq as a hinge pin for a resetting of other currencies to a “level playing field”

 Mnt Goat 

The cash in the banks will help create liquidity to finance the economic growth, the growth they need to show a rate of their dinar above a dollar. ...

I keep telling you the value is already in the dinar...If you go back to 1990 it was over $3 and...look at all the progress since.  But the standards for currency valuations have changed. Basel I-IV changed all of it. 

  Why isn’t it at least at $3 now?

 ...this is not how the IMF and the U.S. look at their economy today. Yes, today is not the past! 

 They are going to use Iraq as a hinge pin for a resetting of other currencies to a “level playing field”. ;This is where the new “baskets of currencies” come from. 

Yes, there will be many groupings of currencies to create new pegs. These currencies will support each other. These will be major trading partners

Dinar exchange rates: after the strikes! against Iran!! #iraqidinar #iqd #iraqidinarinvestor

 

MP: SIX MONTHS HAVE PASSED AND THE BUDGET SCHEDULES HAVE NOT YET REACHED PARLIAMENT

MP: SIX MONTHS HAVE PASSED AND THE BUDGET SCHEDULES HAVE NOT YET REACHED PARLIAMENT

Member of Parliament Yasser Hashem expressed his surprise on Wednesday at the government’s delay in submitting detailed schedules for the 2025 general budget law to Parliament, despite six months having passed since the beginning of the year. He stressed that “there is no justification for this delay.”

Hashem told Al-Maalouma News Agency, “The 2025 budget schedules should have reached the House of Representatives earlier this year, especially after the adoption of the three-year budget to overcome annual financial complications.”

He added that “the delay in submitting the schedules reflects a flaw in the government’s performance and directly impacts the work of ministries and institutions that rely on the operating budget,” noting that “many projects and financial commitments are on hold pending the approval of these schedules.”

Hashem continued, saying, “Despite the passage of half a year, the government is still late in submitting detailed schedules without offering convincing explanations,” stressing that “the negligence lies with the executive authorities, not with Parliament, which cannot proceed without receiving the necessary data from the government.”

MAJEED: announced on TV Iraq is free from terrorism

 MAJEED

announced on TV

Iraq is free from terrorism.

Iraqi officials, PMF militia members and militia leaders left Iraq with their families for fear of Israeli strikes on Iraq.

IRAQ & DINAR STATUS EXPLAINED! @DINARREVALUATION #iraqidinar #iqd #iraq #iraqidinarnewstoday2025

 

TO SPUR INVESTMENT, PARLIAMENTARY DEMANDS TO EXPEDITE THE RELEASE OF THE 2025 BUDGET SCHEDULES

TO SPUR INVESTMENT, PARLIAMENTARY DEMANDS TO EXPEDITE THE RELEASE OF THE 2025 BUDGET SCHEDULES.

Member of Parliament Thaer Makhif confirmed that there are demands and intense debate within parliamentary circles regarding the necessity of releasing the 2025 budget schedules as soon as possible due to reasons related to investment projects and their suspension in most governorates.

Makhif told the Iraq Observer, “Although the budget was approved for three years, two years of which were distributed among the ministries, one year, the 2025 budget, has not yet been released, and the disbursement mechanism has not been determined.”

He added, “Finance Minister Taif Sami has begun to hint that there is no money, and this has angered the House of Representatives because many projects are stalled.” He pointed out that “among the stalled projects are two in Najaf Governorate affiliated with the Ministry of Water Resources, which were referred to contractors and have not yet begun work on them.”

He continued, “The representatives are keen to release the 2025 budget schedules and distribute these funds to ensure the sustainability and completion of stalled projects, especially since only a short period remains in the current government’s term.” He stressed the need to invest time optimally in the service of citizens and to keep the wheel of investment in the country turning, primarily.

It’s worth noting that the Ministry of Finance has completed the preparation of the budget tables following the Prime Minister’s approval. It is in the process of submitting them to the Council of Ministers for discussion and any necessary amendments. They will then be returned to the Ministry of Finance for referral to the House of Representatives.

The House of Representatives is expected to discuss the tables after the Eid al-Adha holiday, where a session will be held to ratify them. The Finance Committee will record its observations on the figures included in the tables, which are in line with the Iraqi government’s projected revenues for 2025, which do not exceed 150 trillion dinars, instead of the exaggerated figures of previous years, which ranged between 200 and 211 trillion dinars, of which only 156 trillion dinars were spent last year.