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“Final Effort” – Thurs. PM KTFA Thoughts, News w/ MilitiaMan 11-24-22

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Samson » November 24th, 2022

Oil: Revenues last month amounted to more than $9 billion

24th November, 2022

The Ministry of Oil announced today, Thursday, that last month’s revenues amounted to more than nine billion dollars

A statement by the ministry, received by the agency, stated that “the amount of exports of crude oil for the month of October amounted to (104) million and (831) thousand and (120) barrels, with revenues amounting to (9) billion and (281) million and (647) thousand dollars

He added that “the total exported quantities of crude oil for the month of October from the oil fields in central and southern Iraq amounted to (102) million and (70) thousand and (427) barrels, while the quantities exported from Kirkuk oil through the port of Ceyhan were (2) million. And (417) thousand and (893) barrels

He continued, “The average price of one barrel amounted to (88,539 dollars,)” noting that “the exported quantities have been loaded by (34) international companies of several nationalities, from the ports of Basra, Khor al-Amaya, the mono-buoys on the Gulf, and the Turkish port of Ceyhan

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It is noteworthy that the Ministry of Oil, through its belief in informing the people of export operations and the revenues generated from it, has taken this monthly procedure  LINK

Integrity establishes a new division and prepares for a “big campaign”

11/24/2022 15:57:15

A member of the Parliamentary Integrity Commission revealed that the Integrity Commission has created a new division in its efforts to fight corruption.

Alia Nassif told {Euphrates News} agency: “We met today with the head of the Integrity Commission, where he expressed his cooperation, and it was agreed that there would be a news division in the commission, and that its law be amended by creating an article related to proactive censorship.”

She added, “During the coming days, there will be a great impact on the number of employees in the authority, and that these changes will be in line with the desire of Prime Minister Muhammad Shia’ al-Sudani to confront corruption and hold negligent people accountable.”

Last Tuesday, the Federal Integrity Commission announced the beginnings of the work of the Supreme Commission for Combating Corruption and its supportive team, stressing that the first case that the Supreme Commission began investigating was the process of transferring balances deposited in Lebanese banks to the Rafidain Bank in Beirut. LINK

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Source: Dinar Recaps


Samson » November 24th, 2022

Al-Sudani assigned two ministries to expedite the preparation of the budget, and it is likely that it will be approved next year

24th November, 2022

A member of the Finance Committee in the House of Representatives, Mueen Al-Kadhimi, stated, on Thursday, that the Prime Minister, Muhammad Shia’ Al-Sudani, assigned the Ministries of Finance and Planning to expedite the preparation of the draft of the country’s general budget for the year 2023.

Al-Kadhimi told Shafaq News agency, that the budget will be identical to the government program, and it will include investment areas in a larger proportion compared to previous budgets to move the Iraqi economy, with funds allocated to the governorates in the development of the regions.

He added that the draft budget law will be ready in the Council of Ministers at the beginning of next month with a total amount estimated at 150 trillion dinars, and then it will be sent to the House of Representatives, expecting that Parliament will vote on the budget law after reading and amending it in January 2023.

And the Prime Minister, Muhammad Shia’a al-Sudani, identified, at the beginning of this month, the priorities to focus on are the federal budget law for next year.

This came during his chairmanship of a meeting that included Minister of Finance Taif Sami, Minister of Oil Hayan Abdel Ghani, Minister of Electricity Ziyad Ali Fadel, and a number of advisors. They discussed the file of the draft federal budget law for the year 2023, and the need to expedite its preparation and send it to the House of Representatives.

Al-Sudani directed the importance of the budget being at the level of ambition, and that it prioritize meeting the needs of citizens in terms of services, as well as taking it upon itself to effectively address the problem of electricity shortages, which greatly affected the life of citizens and the economic sectors in the country.

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Prime Minister Mohamed Shia Al-Sudani had previously directed the need to prepare the federal budget law for the year 2023 as quickly as possible.

The previous government headed by Mustafa Al-Kadhimi faltered in sending the draft budget law for the year 2022 before the Iraqi parliament in its previous session dissolved itself in preparation for the early elections that took place on the tenth of October 2021.

It is noteworthy that the financial budget for the current year 2022 was not approved by the Council of Ministers and the House of Representatives due to the turmoil that Iraq witnessed after the early elections in October 2021, which escalated to dangerous levels that ended with the events of the Green Zone, with armed confrontations between supporters of the Sadrist movement and the security forces, which claimed lives. Dozens and hundreds injured.

After the end of the crisis, with the agreement of the political blocs to elect the President of the Republic and to grant confidence to the government of Prime Minister Muhammad Shia’a al-Sudani, the latter pledged that he would present the draft federal budget law for the year 2023 as soon as possible.

And a number of specialists considered that the delay in approving the budget for the current year would negatively affect investment projects and delay ongoing projects, in addition to stopping the economic activities of the market in the country in general.  LINK

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MilitiaMan » November 24th, 2022

I beg to differ with this one to the extent they mention the 2022 budget was not approved. A portion has clearly been hidden though.

We can thank Al-Sadr for that he waited to dissolve his bloc until the EFSL or EDB was signed into law.

The 1/12th operational side of the 2022 budget has been underway all year. The investment side of the budget has not yet been activated.

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The Kurds know that there is a large sum of money in the investment side with their portion in it. The estimated $115 Billion that is in it has likely grown since they estimated the amount back around 06/23/2022 real close due to claw backs from corruption files.

What we are witnessing now is the final effort to sort the two seats in the PM Cabinet and the 2023 budget draft getting from the Council of Ministers to the Parliament.

The reconciled 2022 numbers will likely need to be held close until the last minute for if not it would likely leak out quickly and that is to be avoided per legal issues.

They said the draft would be in the next session. Will they call for an extraordinary season or not is to be determined.

They said there was an urgency in doing so.. But, note they also show us there is a new Ministry Council for Economy (MCOE), that is to have the budget with abundance in there next session.

The first session was 11/14/2022, second on 11/22/2022 and the next one will be when? They don’t say. But, if the trend is about a week, then that is not far off now.

Looking good imo.. ~ Militia Man

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“There is an intention of the government to present the budget, and if it is not during the current month, the legislative term will be extended until it is approved because it has become an urgent necessity in light of the absence of the budget for the current year 2022 with a large financial abundance,” noting that “The government has started implementing its ministerial platform and government program, and there are serious attempts to finalize the draft budget and submit it to the parliament.”

https://www.mawazin.net/Details.aspx?jimare=212139

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Baghdad – Mawazine News,

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein directed, on Tuesday, the minister to complete the draft of the state’s general budget law in order to discuss it in the next session of the parliament.

The Ministry of Foreign Affairs stated in a statement, which Mawazine News received a copy of, that “Hussein chaired the second meeting of the Ministerial Council for the Economy, in the presence of the Ministers of Planning, Finance, Industry, Trade, Agriculture, the Governor of the Central Bank of Iraq, the Acting Chairman of the National Investment Commission, and the Prime Minister’s Advisor for Affairs. economic and legal.

She added, “The council hosted the Minister of Electricity, to discuss the reality of service in this important sector, as well as to overcome difficulties in order to upgrade it. The council also discussed many economic issues on its agenda.

At the end of the meeting, the Minister of Foreign Affairs directed, “to complete the draft law of the state’s general budget in order to discuss it in the next session of the Council.” 

https://www.mawazin.net/Details.aspx?jimare=212066

Source: Dinar Recaps

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