Samson: Officially ... Finance publishes instructions for implementing the 2021 budget
30th April, 2021
On Friday, the Ministry of Finance officially published instructions for implementing the 2021 budget.
According to the ministry, the instructions for implementing the budget were officially published at the following link:
[url=http://www.mof.gov.iq/SiteAssets/pages/ar/FederalBalanceForFiscalYear/%D8%AA%D8%B9%D9%84%D9%8A%D9%85%D8%A7%D8%AA %D8%AA%D9%86%D9%81%D9%8A%D8%B0 %D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9 %D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9 %D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF%D9%8A%D8%A9 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D9%84%D8%B9%D8%A7%D9%85 2021.pdf]To view, click here[/url]
On Sunday, the Ministry of Finance called on all ministries' spending units to review them to receive instructions for implementing the budget / 2021.
The ministry said in a statement that "People" received, a copy of it, (April 25, 2021), that "the instructions for implementing the Federal Budget Law for 2021, approved by the Presidency of the Republic, have been completed."
She added, "Given the legislation and the publication of Law No. 23 of 2021, the federal state budget for the Republic of Iraq for the fiscal year 2021 in the official Iraqi newspaper, issue No. 4625 on April 12, 2021," calling for "all spending units of ministries, governorates, bodies and entities not associated with the Ministry of Attendance to the Ministry of Finance / The Budget Department, on Monday, 4/26/2021, for the purpose of receiving instructions for implementing the general budget for the fiscal year 2021 and instructions for implementing the planning budget for the public sector and self-financed bodies and companies.
The Finance confirmed "the completion of the federal budget instructions for the year 2021 after a final audit by the Ministries of Finance and Planning," stressing that "appeals to the budget will not delay its implementation." LINK
PompeyPete: FANTASTIC FIND THANK YOU SAMSON, YOU ARE BRILLIANT…. SO LETS BE CLEAR...TODAY A RAMADAN HOLY DAY THE BUDGET INSTRUCTIONS ARE PUBLISHED....WHAT IS NEEDED THEREFORE TO IMPLEMENT THESE INSTRUCTIONS? .....YES....THE CASH/MONEY.....WHAT ARE WE WANTING THEREFORE TO SEE
MilitiaMan: Very good point PP. There are things that will need to be implemented in short order.
The MR process has not come this far to not see what we want.
For the Dinar and Dollar to be interconnected electronically this weekend per an article is a big deal, imo.
The USA has told the Iraq Trade Bank that we will support you during and after the process of electronic paring of the USD and IQD.
The USA did the same for the CBI, for supporting them along the way as well.
The country of Iraq has Financial Inclusion (E-Gov, E-Commerce, E-Banking, E-Currency, salaries, payments, settlements, etc.) and that also goes for the region that represents the AMF.
We know the Taxes, Fees, Customs, etc., are ready electronically now at the borders, too. They said that accomplishment was a first time ever!!..
JPM has gamed a deal with the UST to clear the USD electronically on the BUNA platform owned by the AMF.
That platform is an electronic clearing system. All these things took years to accomplish! It is quite clear they are gearing to show their hand..
I like it Big Time! Thank you PP, Samson and Don! This place rocks!! ~ MM