​The House of Representatives votes on the Financial Management Act

[jg1]

1 hour ago, DinarThug said:

 

 

See Above From Monday In The Bro’s Thread !  

 

     

Thanks Thugs, I owe you a greenie. 

[Synopsis]

33 minutes ago, Half Crazy Runner said:

Thanks @Synopsis for the Secondhand Lions clips! Such a great movie! 👍🏻👍🏻

 

      

 

 Oh, YEAH!!!, Half Crazy Runner, AND The Very Best Of Your Up Coming Week To You!!! 

 

For NOT being connected with NO telephone OR TV, THEY have EXCELLENT "public" "relations" "training" "practices"!!!

 

 

Well, OK, SOMETIMES THESE Gentlemen HAD to ReEstablish Peace AND Respectability!!!

 

 

Such a TRAGIC END for THESE Fine TEXAS Gentlemen.

 

 

 

Go Moola Nova!

[screwball]

1 hour ago, zul said:

 

CPA Order No. 95: Financial Management Law and Public Debt Law ~ which they were using as a framework for their budget preparation and fiscal policy is now repealed and will be superseded by the NEW Financial Management Law.

 

What that means is......they have no choice but to adopt the new FML for their 2020 budget preparation....which they are in the midst of doing it right now

 

******************

 

MOF: A meeting to prepare for the Budget of 2020-2022

Sunday 19th May 2019 - 15:49

INA - BAGHDAD

Deputy PM of Economic Affairs and the Minister of Finance Fouad Hussein headed a meeting on Sunday regarding the preparations for the strategy of 2021 – 2022 budget.

The meeting included the attendance of MPs of the Finance Committee, members of Advisory Committee in addition to Under-Secretaries of Ministries of Finance and Planning.

They have discussed the strategy of the budget along with making a fixed price for the Oil barrels and exporting ranges taking in consideration activating the local market and the reactivating the domestic capitals.

They also made dialogues regarding the Central Bank of Iraq and the price of money exchange 😱 in addition to offering a study regarding the General Committee of Taxes

http://www.ina.iq/eng/4683/mof-a-meeting-to-prepare-for-the-budget-of-2020-2022

We shall see........

And you would think this would mean getting rid of the two sets of books and cleaning up all those zeros from government accounts

[screwball]

So it’s looks like we should be good to go starting 2020...in my opinion 

[screwball]

Could be before....I expect we could see something before feb 2020...but hey what would I know LOL...how’s that for a window? 

[cranman]

6 minutes ago, screwball said:

So it’s looks like we should be good to go starting 2020...in my opinion 

Wow! Only 6  months into 2019 and we are looking at 2020.  Your opinion is as good as anyones.  So hard to get a feel for what their intentions are and when they are going to do it.  They say what and when and then kick the can some more. Ahhh Iraq. Lol

[screwball]

18 minutes ago, cranman said:

Wow! Only 6  months into 2019 and we are looking at 2020.  Your opinion is as good as anyones.  So hard to get a feel for what their intentions are and when they are going to do it.  They say what and when and then kick the can some more. Ahhh Iraq. Lol

I am juts thinking from a new FML perspective all these loans, all this talk about rate change, purchasing power, that it would be nice to kick off the new accounting and reporting suet with a new rate in 2020,so we could see action anytime...

[10 YEARS LATER]

3 hours ago, cranman said:

Wow! Only 6  months into 2019 and we are looking at 2020.  Your opinion is as good as anyones.  So hard to get a feel for what their intentions are and when they are going to do it.  They say what and when and then kick the can some more. Ahhh Iraq. Lol

 

Too right Cranman . . . opinions are just like Azzholes . . . everyone has one - - each opinion as as good as everyone else's. 

[new york kevin]

... has one and it usually stinks ! With a hint of chocolate frosting.

[zul]

5 hours ago, screwball said:

And you would think this would mean getting rid of the two sets of books and cleaning up all those zeros from government accounts

 

That's what exactly I'm thinking. They have to adopt the new FML now (or anytime soon) before they actually prepare their 2020 budget.

After all, the FML is their new financial constitution....

AND.......

to hilite what they said about the new FML...(again) 😊

 

He  added  that "the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state," pointing out that "the change will raise the exchange rate of the Iraqi dinar against foreign currencies"

Edited June 3, 2019 by zul
.

[lmb4321]

I'm going to respond by saying........ Adam believes we are very close, as I do...

I'm not going to overreact on any statement that means it will be later...JMHO....

 

[screwball]

1 hour ago, zul said:

 

That's what exactly I'm thinking. They have to adopt the new FML now (or anytime soon) before they actually prepare their 2020 budget.

After all, the FML is their new financial constitution....

AND.......

to hilite what they said about the new FML...(again) 😊

 

He  added  that "the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state," pointing out that "the change will raise the exchange rate of the Iraqi dinar against foreign currencies"

Yep and before they launch new rate and you would think before all those loans would kick in? But hey could be wrong I have been before!

[screwball]

4 hours ago, zul said:

 

That's what exactly I'm thinking. They have to adopt the new FML now (or anytime soon) before they actually prepare their 2020 budget.

After all, the FML is their new financial constitution....

AND.......

to hilite what they said about the new FML...(again) 😊

 

He  added  that "the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state," pointing out that "the change will raise the exchange rate of the Iraqi dinar against foreign currencies"

Exactly