DONE: Three Year Budget Approved.

[Luigi1]

Here's some articles of Dinarian ninterests...

-Baghdad.. Notice of military measures in the Green Zone.

-The Central Bank of Iraq denies the intention to close cash delivery outlets.

-The three-year budget and its final year.

Treat as rumors.  Not verified.  Your opine.

 

 

TNT via Tishwash:   Baghdad.. Notice of military measures in the Green ZoneARTICLE:  The Iraqi military authorities announced today, Saturday, that the shooting range located within the approaches to the US embassy complex in the Green Zone, in the center of the capital, Baghdad, will be active during the hours scheduled for today.

 

The Security Media Cell stated in a statement received by Shafak News Agency, "The shooting range will operate from 07:00 am until 21:00 pm, today, Saturday, January 18, 2025."

 

The concerned authorities called on citizens to take note of this, stressing that the measure comes within the framework of the usual military activities in the region. 

 

-Tishwash:  The CBI Denies The Intention To Close Cash Delivery Outlets.

The CBI called for caution in transmitting & circulating news about the closure of exchange outlets & confirms that no decision, directive or statement has been issued regarding the closure of outlets or their conversion into exchange companies.

 

The CBI said in a press statement that its recently issued statement stipulates expanding the spread of cash delivery outlets through all available channels, including ATMs, POC cash payment devices, as well as authorized exchange companies, electronic payment company outlets & POS electronic payment devices spread throughout Iraq.

 

 The bank stressed the need to transmit news from its official sources, which are published on its official website & its verified social media pages.

 

He stressed that the CBI's circulars issued to all parties in the Iraqi financial & banking sector included directing banks & non-banking financial institutions to expand their financial services in areas that lack the aforementioned services 

 

-Tishwash:  The Three-Year Budget & Its Final Year.  Written by Dr. Bilal Al Khalifa.

For the 1st time, Iraq has enacted a Federal General Budget for three years instead of one year, although most of the articles of the constitution & Financial Management Law No. 6 of 2019 referred to the Budget as annual, but the government made an exception & made it a three-year Budget Law.

 

Most economists, including me, warned against legislating this Budget, as well as changing the Budget method from a materials Budget to a programs Budget, etc., but to no avail.

 

Knowing that the legislation of the Federal General Budget Law was on June 26, i.e. late, and that the instructions to facilitate the implementation of the Budget were issued on August 7, 2023, i.e. at the end of the 3rd quarter of the year, knowing that most of the components of Parliament are participating in the government, i.e. almost this session, Parliament is mostly with the government & therefore there is no opposition to the government or Parliament, which means that it is easy to pass any decision or legislation & among those legislations is the Federal General Budget Law.

 

The aim of approving a three-year Federal General Budget was to accomplish the government’s program by not delaying the approval of the Federal General Budget in other years, i.e. 2024 and 2025, but Federal General Budget Law No. (13 of 2023) stipulates that budget tables must be prepared & submitted to the House of Representatives.

 

In 2024, Iraq did not have a General Budget because it did not approve the Budget Tables until after a great deal of debate.  In the middle of the year, on 7/3/2024, when it was sent to the federal government, everyone was shocked by the government’s letter to parliament inquiring about the difference in the three tables, that is, the one that was sent, the one that was voted on & the one that reached the government.  This means that there is great manipulation & the matter should have been investigated because the difference is tens of billions of Dollars.

 

The result is that the year 2024 has ended and Iraq does not have General Budget Schedules & therefore the ministries do not have investment budgets & do not know their financial ceilings.

 

The 2025 Schedules were supposed to be approved at the end of 2024, i.e. before the start of the new year & thus the government’s economic program would be implemented from day one.

 

The Ministry of Finance indicated that the most prominent challenges facing the ministry in implementing the 2024 Budget & the deficit in it came as a result of the federal government paying more than 11 trillion in salaries to employees of the Kurdistan Region, as the region's non-oil revenues amounted to more than 4 trillion Dinars, Erbil only sent 320 billion Dinars to Baghdad, while the authorities in Kurdistan did not hand over the region's oil & non-oil revenues to the center, which negatively affected the financing of other governorates.

 

She also said that it is necessary to approve the Federal General Budget Schedules for the year 2025 because there are a number of challenges in the context of not approving the Budget, including stopping annual allowances for employees, stopping transfers between ministries & companies & the necessity of not entering into new contracts & other matters.

 

But there are several notes in particular:

1- Last year there were no approved schedules & the matters mentioned have passed.

2 - The three General Budget tables for last year were not referred to & the negligent party was not held accountable.

3 - The Ministry was late in submitting the tables to Parliament, and thus it violated the Financial Management Law No. 6 of 2019, Article (11), which states (The Council of Ministers shall discuss the draft Federal General Budget Law, approve it & submit it to the House of Representatives before mid-October of each year).

4 - At the same time, we notice that there are appointments, and this contradicts the above, because how can a new financial allocation be made and at the same time there is no financial allocation for an old employee?

5 - The statement also reveals the failure of the main goal of approving a three-year Budget.

6 - The major challenge in providing cash liquidity & not financial allocation for employees & retirees has not been clarified.

7 - The amount of currency sales has not been clarified after the Dollar selling window was closed & a large amount of Dollars continued to be sold.

8 - The Budget represents the government’s economic plan & any failure in it will be reflected in the government’s performance & policy.

9 - The official sponsor of the government is the State Administration Coalition, which includes almost everyone & it is also concerned with the failure to legislate or approve the Budget Schedules.

 

The statement of the Ministry of Finance is very correct from a technical and administrative standpoint, and pressure must be put on politicians to approve the budget, and this statement is one of the methods of pressure.

 

 

[kelsguy1113]

So, I have a question... How does this information say that the three-year budget was approved? I am confused.

[Luigi1]

10 minutes ago, kelsguy1113 said:

So, I have a question... How does this information say that the three-year budget was approved? I am confused.

 

The 1st sentence states Parliament made an exception & made it a 3 year Budget instead of a 1 year Budget.  According to the article, all 3 Budgets are done.

[kelsguy1113]

3 minutes ago, Luigi1 said:

 

The 1st sentence states Parliament made an exception & made it a 3 year Budget instead of a 1 year Budget.  According to the article, all 3 Budgets are done.

I guess i read that as the Iraqi government for the first time tried to use a three year budget rather than a one year budget, But the rest of the article seems to say that they made moves without approval of the budget at all. How am I reading that wrong? I really want to understand.

[BETTYBOOP]

I got that they approved a 3 yr budget,  but the schedules for last year were not approved so that would mean they did not have a budget and they have violated the laws on various levels. What a froggin disaster. 

[Luigi1]

11 minutes ago, BETTYBOOP said:

I got that they approved a 3 yr budget,  but the schedules for last year were not approved so that would mean they did not have a budget and they have violated the laws on various levels. What a froggin disaster. 

 

Iraq is very efficient at creating new laws & sometimes even passing Bills but they are not very good at implementing such laws into action.

 

They have a law but they lack the will to follow it through...Go RV.

[edbeach]

They have not passed their budget for years now only partially passing it and I believe each year are passing an emergency budget as they intend to do now. They hiding their real exchange rate for some reason so people will not know what the real income & expenses are. I guess this is another way of stealing the peoples money.

[Luigi1]

Here's another article related to the above...IQD Trading On FOREX At $4.19...

 

Bruce The Goose:   IQD Is Trading At $4.19 On FOREX.

ARTICLE:  I caught it a little later in the morning, but it said that the Dinar, the Iraqi Dinar, which is the linchpin of all of the currencies that are going up in value, these exotic currencies that are going up into Normal trading ranges, was on the Forex today & it was on this morning at $4.19 & since that time, it increased up on the forex to 4.52 this afternoon & it's probably still going up.

[cranman]

1 hour ago, Luigi1 said:

Here's another article related to the above...IQD Trading On FOREX At $4.19...

 

Bruce The Goose:   IQD Is Trading At $4.19 On FOREX.

ARTICLE:  I caught it a little later in the morning, but it said that the Dinar, the Iraqi Dinar, which is the linchpin of all of the currencies that are going up in value, these exotic currencies that are going up into Normal trading ranges, was on the Forex today & it was on this morning at $4.19 & since that time, it increased up on the forex to 4.52 this afternoon & it's probably still going up.

What? And no screenshot? I find that inconceivable!

[Luigi1]

The week-end with MZ...anticipation is huge for this week-end...

 

MarkZ  Update- Some highlights by PDK-Not verbatim.

THREAD:    Anticipation Is Huge.

Member: Welcome to the weekend….anticipation is huge!!!!

Member: I hope everybody is ready for whatever this big week has in store for us!!

Member: Morning mark.. tell us something good.

MZ:  Not a huge amount of news this morning…but I did hear from 2 sources with similar information that made me feel good.

MZ: I had both an Omega (Prosperity Package) contact and a CMKX contact that were both told yesterday by those involved in the process -that is was 72 hours until dollars. They were told this late yesterday afternoon.

MZ: This is pretty exciting because the PP source has not heard anything from the group in over a year. I really like that it came from two different contacts on two different platforms.

Member: Great News Mark!! Final Countdown to freedom for us all –we hope.

Member: That matches what other intel folks are saying….wooohoo.

MZ: I also have some stories to share this morning on the dinar.

MZ: “The Tripartite budget and its final year” they did the budget this way because it includes a mechanism for a “value change”

MZ: I believe we are in the final days before we get the final flip or switch or change of the purchasing power of the dinar

Member: I am truly excited for the next two days!

MZ: “Parliamentary finance reveals the objectives of revealing the federal budget”  This happened today. I am told they expect the vote or third reading on this tomorrow. I am very optimistic on what is happening in Iraq this weekend and would not surprise me if they raise that value soon.

MZ: “Federal Reserve withdraws from global regulatory climate change group” …..They are throwing in the towel now that Trump is coming…….A number of people are writing their farewells ect….From Federal Reserve , To Janet Yellen, To IRS folks…….many are leaving before the Trump inauguration.

MZ: In my opinion the Federal Reserve will be absorbed into the US Treasury …..

MZ: “Yellen: Debt limit will be hit the day after Trumps inauguration” Reading this today I had an “AHA” moment. Congress had extended the debt limit until Trump got into office. It was supposed to keep things funded until March giving the new administration time to deal with it.

MZ: The Biden admin has spent 30% of the entire budget for 2025 in the last few weeks. They were spending at a record rate. Now the new congress and president Trump on Day 1 (because of overspending) will hit the debt limit. This means they will have to go to emergency dollars and extraordinary measure to keep the lights on. This was sabotage of the US government and the American people. IMO……

MZ: Of course it they enact Nesara – we are in golden shape….

Member: What a great time to suddenly switch to a gold backed dollar, new financial system and a reset of currencies!!!!.

Mark…did you get my email about Banknote World closing there store front. 100 trillion is still open. Have you heard anything??

MZ: that is interesting…..It suddenly shut down but its sister site is still up and running. One of them ut up a 50K dinar note for $9,999.00 for sale. But my guess is they can’t get inventory right now. 

Member: I went to get dinar from exchange today….. none available this weekend.

MZ: A number of sites are having trouble getting inventory right now. 

Member: Goldilocks posted no RV without XRP.

Member: I think we have all been so stressed out over the years! It will be great to celebrate again!

Member: According to Dr. Kia, all the planets line up and will be visable on Tuesday, the 21st.

Member: 6 Planets Lining up on Monday.

Member: Hope everybody has a great weekend!! Stay safe and warm.

Member: See you all Monday morning and have a very blessed weekend. I appreciate you all very much.

[jabez777]

Thank you, Luigi 1

[jabez777]

We hear nothing about Ronald Reagan's ambassador, Leo Wanta, the 27 trillion man. I wonder if this money, called Eagle One, is going to be released.  

[md11fr8dawg]

5 hours ago, Luigi1 said:

Here's another article related to the above...IQD Trading On FOREX At $4.19...

 

Bruce The Goose:   IQD Is Trading At $4.19 On FOREX.

ARTICLE:  I caught it a little later in the morning, but it said that the Dinar, the Iraqi Dinar, which is the linchpin of all of the currencies that are going up in value, these exotic currencies that are going up into Normal trading ranges, was on the Forex today & it was on this morning at $4.19 & since that time, it increased up on the forex to 4.52 this afternoon & it's probably still going up.

I'd like to be the first to call 

[BETTYBOOP]

Anticipation of  is high every weekend in Mark z's little world