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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    11 days separates the Iraqi economy from an influential financial event

    Rocky
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    • Post n°1

    11 days separates the Iraqi economy from an influential financial event Empty 11 days separates the Iraqi economy from an influential financial event

    Post by Rocky Tue 21 Dec 2021, 6:13 am

    11 days separates the Iraqi economy from an influential financial event

    •  Time: 12/20/2021 16:25:12
       
    •  Reading: 4,173 times

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    {Economic: Al Furat News} A member of the former Parliamentary Finance Committee, Jamal Cougar, revealed, on Monday, a financial event affecting the Iraqi economy.
    The useful summary.. In important news, you can find it on Al-Furat News Channel on Telegram.. [You must be registered and logged in to see this link.]
    Cougar told Al Furat News that: "With the beginning of the new year, the financial disbursement is transferred to 12/1 of the General Financial Management Law."
    He added, "Where institutions will adhere to operational budgets only, and there is no investment disposal in accordance with the law."
    Cougar pointed out, "The impact of this matter on the economy is significant, and it delays the wheel of the economic movement because it will govern the government with employment only."
    The economic and financial advisor to the Prime Minister, Mazhar Muhammad Salih, commented via Al-Furat News on the delay in approving the 2022 budget law and its impact on the local market.
    Saleh said, "The delay in approving the budget does not affect the economic situation for the year 2021 until the beginning of 2022, as Iraq is committed to the financial management law by spending 1/12 for each corresponding month in the preceding year unless the 2022 budget is approved.
    And that the exchange is for the actual current expenditures for the previous fiscal year, and there is a management of things, and the law regarding financial revenues is fixed from the country’s oil resources and taxes and its procedures are fixed.
    Saleh pointed out to a lack of law that affects the economic situation, as not entering the country with any new project and its impact is in terms of investment projects, disrupting the economy and preventing the conclusion of any agreement, treaty or legislation of any new financial law
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