Advertisement

“As Good as it Gets” – Mon. AM TNT Thoughts/News 11-28-22

0
370
Advertisement

TNT

Tishwash:
Parliamentary Finance hints at a “special” session to approve the 2023 budget

Today, Sunday, a member of the Parliamentary Finance Committee, Jamal Cougar, hinted that a “special” session would be held to approve the federal budget for the year 2023.

“There is no specific time for sending the budget to the House of Representatives,” Cougar said in a press interview seen by “Takadam.”

He added, “The budget is supposed to arrive in the first week of next month, so that parliament can read it first and second before it enters its legislative recess.”

And Cougar explained, “The delay in the budget beyond this date will not affect, and the House of Representatives will enter its legislative recess, and a special session will be held if the law arrives in accordance with the constitution.”

And the Parliamentary Finance Committee clarified the priorities of the 2023 budget, and while it expected it to reach parliament at the beginning of next year, it was likely that its value would reach 150 trillion dinars, while it proposed fixing the price of $ 75 per barrel.  link

CBI Tweeted the US Treasury Meeting

Advertisement

Tweet:  The Governor of the Central Bank of Iraq receives the Assistant Deputy Minister of the US Treasury for Terrorism and Financial Crimes  receivers Assistant #Central _ Bank _ of _ Iraq Governor Deputy Minister

#US Treasury for Terrorism and Financial Crimes By signing

CBI OF IRAQ CENTRAL BANK

Relev

The Governor of the Central Bank of Iraq receives the Assistant Deputy Secretary of the US Treasury for Terrorism and Financial Crimes

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Makhaif, received today, Sunday, Mr. Jesse Baker, Assistant Deputy Secretary of the US Treasury for Terrorism and Financial Crimes, and his accompanying delegation. 

During the meeting, they discussed bilateral cooperation between the two institutions and discussed the application of international standards in combating money laundering and terrorist financing and the Central Bank’s commitment to them, in addition to the application of due diligence from other government institutions in this file.  In addition to efforts to enhance financial inclusion and keep pace with the banking sector for global developments. 

Advertisement

His Excellency confirmed that the Central Bank of Iraq, in accordance with all international laws and instructions, is stupid in contrast to combating money laundering and terrorist financing, and was able to transfer the cashier from the enhanced follow-up mode to the regular follow-up in the current work institution “Fayef”, in addition to expelling him.

from the European Union’s list of high-risk countries.  On the other hand, the US Treasury delegation praised the measures implemented by the Central Bank in combating money laundering and terrorist financing, through the use of the latest systems in this alliance.

CharlieOK:
We have seen this particular script of Days in the Lives of Iraq for the last 2-3 years. No govt.; now a govt.; No budget; now a budget; but wait – it wasn’t implemented; but wait, the budget is in the EFSL. I hope the big boys are serious this time,

RVAlready:
You who are discouraged by the progress of the budget need to remember this government just came into being, and they are developing a budget unlike anything done in recent history. I think they are making very swift progress on the draft budget.

KaseyKo1:
Agreed. Also, I don’t think the UN will allow them to procrastinate on this issue. Iraq was to have their budget by the end of the year – per UN orders.

RVAlready:
Yes, I suspect the UN will come in and trash the place if the RV does not happen by Jan 1.

CharlieOK:
What is rarely discussed is getting Baghdad and Kurdistan on the same page re the oil and gas law. I am one who believes this has to happen before any budget or anything is meaningful.  I read an article a few days ago that said Kurdistan is waiting to go forward until they see the oil and gas law IMPLEMENTED in the 2023 budget. There is no agreement that means squat in Iraq.

RVAlready:
Agreements are in place to cover oil and gas. That is as good as it will get.

CharlieOK:
All that being said, I keep hoping that the school principal with the long ruler from the UN is over there busting heads. I find it hard to believe that at this late date, something has not been done to solve all of this.

RVAlready:
The UN will push for the RV, and maybe the budget. I think that is all they expect.

Advertisement

KaseyKo1:
I think this article tish posted speaks volumes. “Parliamentary Finance hints at a “special” session to approve the 2023 budget.”

Tishwash:
Specialist: Iraq’s economy has been affected by the disputes between Baghdad and Erbil… and one law will resolve it

Today, Sunday, the economic expert, Khaled Haider, stressed the need to legislate an oil and gas law to manage the file of natural resources, stressing the need for a national will for the correct management of the economy in the Kurdistan region and Iraq. 

Haider said in an interview with (Baghdad Today) that “the political differences that exist between the federal government and the regional government are after the adoption of the constitution in 2005 and until now, negatively affecting the work of the Iraqi and Kurdistan economies,” noting that “the lack of understanding between politicians in the region and Baghdad affected Also negatively, most of the federal governments that were formed after 2004 were not in full agreement with the regional government, and the oil file is the most prominent of the differences. 

He added, “After 2014, when the differences between the two sides became larger and greatly affected the economic performance of the Kurdistan Regional Government, especially after the federal government began cutting allocations for the region, in addition to the emergence of ISIS,” stressing that this is more negatively affecting the Kurdistan region and its economy.  link

Parliament calls on the government to urgently send the oil and gas law (11/28)

The Parliamentary Oil and Energy Committee called on the government to expedite the dispatch of the oil and gas law because of its importance in resolving problems with the Kurdistan region, noting that the implementation of the law comes within the program of the new government.

A member of the Oil Committee, Faleh Al-Khazali, told “Al-Sabah”: “The oil and gas law is one of the most important and prominent laws over which many disputes occurred, especially between the Kurdistan region and the federal government.” Noting that “it has become imperative for the government to complete it, after the Federal Court rejected the law adopted by the Kurdistan Regional Parliament in 2007 to regulate the oil and gas sector.”

Al-Khazali expressed “his hope that the government would send it as soon as possible, according to the government program presented by Prime Minister Muhammad Shia’a al-Sudani,” pointing out that “the members of his committee are keen to proceed with this project because of its importance and connection to the lives of citizens and a solution to outstanding problems related to sovereignty in the file.” Oil and Gas and Control of Federal Revenue”.

Al-Khazali indicated that “the law did not originally come from the government to return to it, but rather it was previously present and was withdrawn in the second round, and the matter remained pending.”

Advertisement

Last February, the Federal Supreme Court issued a ruling ruling that the oil and gas law of the Kurdistan Regional Government, issued in 2007, was unconstitutional, and canceled for violating the provisions of constitutional articles, as well as obligating the region to hand over oil production to the federal government   link

Source: Dinar Recaps

______________________________________________________

If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2022 Dinar Chronicles

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here