Clare: The Iraqi Parliament Presidency calls for extraordinary sessions during the legislative recess.
5/26/2025
The Parliament’s Presidency held its regular meeting on Monday to discuss a number of issues on its agenda. It also decided to call on MPs to hold extraordinary sessions during the legislative recess.
The presidency stated in a statement received by Shafaq News Agency, “The meeting focused on the entitlements related to the upcoming elections, as the presidency discussed ways to create the appropriate legislative and political environment to ensure fair and transparent elections that enhance citizens’ confidence in the democratic process and meet their aspirations at this critical stage.”
The statement added, “The Presidency has called on members of the House of Representatives to prepare to hold extraordinary sessions during the second month of the current legislative recess, with the aim of completing important legislation and fulfilling constitutional and legislative requirements relevant to the current phase.” LINK
Clare: The Sudanese Ministry of Finance directs the Ministry of Finance to prepare the budget tables for approval, amounting to 140 trillion dinars.
5/26/2025
The Finance Committee of the Iraqi Parliament revealed on Monday that Prime Minister Mohammed Shia al-Sudani directed the Ministry of Finance to prepare budget tables in preparation for its approval.
Committee member Moeen Al-Kadhimi told Shafaq News Agency, “Last week, Al-Sudani directed the Ministry of Finance to prepare the 2025 budget schedules in preparation for its approval by the Council and sending it to Parliament.”
Al-Kadhimi added, “The Ministry of Finance prepared the investment side of the budget months ago, amounting to 25 trillion dinars. The Ministry of Finance is currently expected to complete the operational side of the budget, estimated at approximately 115 trillion dinars.”
He explained that “the budget tables amount to 140 trillion dinars, which will be sufficient to run the state during the remaining months of the year, including salaries for employees and retirees, social welfare, other aspects, oil extraction costs, and ongoing investment projects.”
The Finance Committee member continued: “It has become imperative for the Ministry of Finance to prepare the budget tables, approve them in the Council of Ministers, and submit them to the House of Representatives next June.” LINK
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Clare: The government and the Parliamentary Finance Committee discuss preparations for the 2025 budget schedules.
5/26/2025
Prime Minister Mohammed Shia Al-Sudani received today, Monday, the head of the Parliamentary Finance Committee, Atwan Sayed Hassan Al-Atwani.
A statement from the Prime Minister’s Office, a copy of which was received by {Euphrates News}, stated that “during the meeting, the latest preparations for the 2025 budget schedules were reviewed, as well as the mechanisms and plans to ensure the financing of salaries and expenditures, according to sectors and activities during the current year.
” Al-Sudani stressed “the government’s keenness to ensure that the budget includes its priorities in implementing its schedules; in order to complete the sections of the government program, especially those related to providing services and completing projects, to achieve the aspirations of citizens in all Iraqi governorates.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Sandy Ingram Development Road Project…$17 billion project is an ongoing infrastructure development connecting Asia with Europe by establishing a network of railways, roads, ports and cities. Iraq will be changed by the DRP in 3 major ways: 1. Diversification of Revenue beyond oil… 2. Job creation…this employment surge will increase household incomes and stimulate domestic consumption, all of which point to a higher IQD value. 3. Transportation infrastructure enhancement will reduce shipping times between Asia and Europe making Iraq a competitive alternative to traditional routes like the Suez Canal. [Post 1 of 2….stay tuned]
Sandy Ingram Here’s the 3 ways the Development Road Project will increase the IQD’s value. 1. Higher fees from transit fees and trade will help to increase Iraq’s foreign currency reserves. This will provide a substantial foundation for the IQD. 2. Economic diversification and infrastructure improvements can attract foreign investments increasing demand for the IQD and potentially leading to currency appreciation. 3. A more balanced economy with multiple revenue streams can stabilize prices, contributing to a stronger and more stable currency. It will also satisfy the IMF’s recommendations for diversified revenue for a stronger Iraqi economy. [Post 2 of 2]
IT’S TOO LATE: A Financial CRISIS is Spreading RAPIDLY! – Andy Schectman
Financial Wisdom: 5-26-2025
0:00 – Global bond market distress and 20-year U.S. Treasury auction failure
1:06 – U.S. fiscal irresponsibility and stealth QE by the Fed
2:00 – Japan’s yield issues and gold’s reaction to monetary policy
2:39 – Gold rising despite higher interest rates
3:30 – Declining international demand for U.S. treasuries
4:07 – Commodities favored over sovereign debt amid global uncertainty
5:02 – Shift toward Bretton Woods III and asset-backed systems
5:34 – Record gold deliveries on COMEX and rising demand for physical metals
6:24 – U.S. debt sustainability concerns and GDP projections
7:43 – Fed’s quiet QE and collapsing confidence in treasuries
8:42 – Gold defying expectations amid rising rates
9:56 – Strong demand in Asia and China’s growing influence on gold
10:27 – China’s long-term silver accumulation strategy
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