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Iraq Publishes 2018 Budget in the Gazette 4/3/18

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Iraq Publishes 2018 Budget in the Gazette 4/3/18

Post by Ssmith on Wed Apr 04, 2018 9:52 am

Iraq publishes 2018 budget in its official gazette

by Mohamed Mostafa
Apr 3, 2018, 3:25 pm

The Iraqi flag.

Baghdad (IraqiNews.com) Iraq on Tuesday gave its final confirmation of its divisive 2018 budget by publishing it in the official gazette, as announced by the country’s justice ministry.

The ministry said the newest issue of the official gazette includes the federal budget for 2018.

Iraq’s President Fuad Masum ordered last Thursday to officially publish the budget, ending weeks of political grappling over the document.

Last month, Masum has rejected the budget bill, and ordered it back to the parliament, citing several constitutional and legal violations in the document.

The Iraqi parliament voted in favor of the USD88 billion draft on March 3rd amid a boycott from Kurdistan Region representatives who objected to reducing the region’s share of allocations from 17% to slightly above 12%.

Relations between Kurdistan and the Iraqi government deteriorated after a referendum Kurdistan held in September, in which a majority voted for secession from Iraq.

Source: Iraqi News

Last edited by Ssmith on Wed Apr 04, 2018 11:51 am; edited 1 time in total

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Re: Iraq Publishes 2018 Budget in the Gazette 4/3/18

Post by ReapAndSow73 on Wed Apr 04, 2018 10:05 am

awesome - no value change, once again - because they cannot change value in a budget, politicians do not determine currency value in Iraq - there can be no reinstatement of value, and there has never been a value spike via RV in the history of fiat currency (no, Kuwait nor China have ever RV'd their currency, ever).  Never.  Ever.  No RV's ever.  Once again - there has never been an RV that spiked value of a currency thousands of percent by flipping a switch.  Redenominations?  Oh, we've had dozens since the 1960s.

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