The 2023 budget loses its "explosive" character: the year will end with only 58% of it being spent

[DWS112]

The 2023 budget loses its "explosive" character: the year will end with only 58% of it being spent

December 4, 2023

 

The 2023 budget approved by the Iraqi parliament last June was described as an "explosive budget" and the highest in the history of Iraq's budgets, as it amounted to 199 trillion Iraqi dinars, but as the end of the current year approaches, it is expected that only 58% of the budget will be spent.

Member of the Parliamentary Finance Committee, Moeen Al-Kazemi, said, "The committee had a meeting with the Budget Department in the Ministry of Finance, and what has happened so far is the release of allocations to the governorates and ministries, but not in the required manner," noting that "what was spent during the first six months amounted to 47 trillion dinars." ", according to the official Al-Sabah newspaper.

Al-Kadhimi added, "In the second six months, the spending rate will reach more than 70 trillion, and thus we will not have a budget deficit, but rather there will be a surplus," stressing that "next year will be without a deficit."

Al-Kadhimi pointed out that after the elections are completed, more allocations will be made to governorates and ministries to implement projects, which will lead to the advancement of the government program presented by the Prime Minister.

Accordingly, the total amount that will be spent will amount to only 117 trillion dinars during the current year, an amount equivalent to only 58% of the total budget amounting to 199 trillion dinars, which was described as the highest in the history of Iraq.

[haymon]

Surplus is good, right? Means they can do and have some l we left. What til they start giving it away to other countries, then they can be like the USA.

[BETTYBOOP]

@nannab do you remember me saying if theu hold back they would have a surplus for next year?!

[horsesoldier]

Now where do you suppose that " surplus" will wind up ??? Hmmm 😎 

I spy with my little eye someone beginning with the letter " M "

[Half Crazy Runner]

42 minutes ago, horsesoldier said:

Now where do you suppose that " surplus" will wind up ??? Hmmm 😎 

I spy with my little eye someone beginning with the letter " M "

🥔 …? 😉

[horsesoldier]

37 minutes ago, Half Crazy Runner said:

🥔 …? 😉

[3n1]

2 hours ago, horsesoldier said:

Now where do you suppose that " surplus" will wind up ??? Hmmm 😎 

I spy with my little eye someone beginning with the letter " M "

 

Im thinkin better not rule out 10% for the big guy 🤣

[screwball]

Back in 2103 when they were going to delete the zeros they had a budget surplus for over 5 years,it’s not uncommon for them to be underspent…all part of the plan really…

[CSM (R) Thack]

7 hours ago, 3n1 said:

 

Im thinkin better not rule out 10% for the big guy 🤣

 

[horsesoldier]

7 hours ago, screwball said:

Back in 2103 when they were going to delete the zeros they had a budget surplus for over 5 years,it’s not uncommon for them to be underspent…all part of the plan really…

I had to look at the date-2103 ? I've been asleep Alot longer than I thought 😄 

I remember 2013 and what you're referencing. Bunch of stuff was happening. I really thought it was going down. I was a sucker.

[horsesoldier]

1 hour ago, CSM (R) Thack said:

 

...and everyone thinks Iraq is corrupt 

[screwball]

2 hours ago, horsesoldier said:

I had to look at the date-2103 ? I've been asleep Alot longer than I thought 😄 

I remember 2013 and what you're referencing. Bunch of stuff was happening. I really thought it was going down. I was a sucker.

not really what happened????? Obama? ISIS? Mosul???little did we know!

 

We also didn't know that a certain General was in iraq running hit squads killing and threatening Iraqi Politicians! you can thank one man for that!

[screwball]

2 hours ago, horsesoldier said:

I remember 2013 and what you're referencing. Bunch of stuff was happening

yep and its all happeneing again but this time they can no longer use usd as from jan 1 2024....we also have them connecting to correspondent banks in singapore, uae, SA etc

[new york kevin]

On 12/4/2023 at 8:18 AM, horsesoldier said:

Now where do you suppose that " surplus" will wind up ??? Hmmm 😎 

I spy with my little eye someone beginning with the letter " M "

Possibly, exactly!

[new york kevin]

On 12/4/2023 at 10:28 PM, screwball said:

yep and its all happeneing again but this time they can no longer use usd as from jan 1 2024....we also have them connecting to correspondent banks in singapore, uae, SA etc

You can also include that Iraq will remain part of the swift system. They may have been invited to join the BRICS financial system, as has a bunch of other countries, but did they join yet - which can be asked of the other countries that have been invited to join BRICS ? Why can’t a country’s government/cbi join both SWIFT and BRICS ? Is this possible?

[edbeach]

On 12/4/2023 at 3:22 PM, screwball said:

Back in 2103 when they were going to delete the zeros they had a budget surplus for over 5 years,it’s not uncommon for them to be underspent…all part of the plan really…

Screwball  I guarantee I will not make it to 2103 unless I can borrow your time machine 😂😄