If the following news piece checks out and is confirmed as fact then it bears great significance. Assuming it to be accurate, I expect that many thousands of people will read it today, recognize that it seems to be of some interest, but miss the true value of it's message. This is my attempt to illuminate...
For over 15mo there has been much said about Iraq's 2014 budget. There has been a level of expectation, of anticipation, that this years budget would somehow be different. That it would no longer be 'business as usual' for Iraq. I have shared in this belief HOWEVER....
We can all agree that wishful thinking is not going to get the job done, some evidence needs to be seen, something that we can point to and hang our hat on. THAT is what this news article provides and here's why...
IMO…….. For years the finance committee has been calling over to the accounting dept. at the COM (Council of Ministers) and begging to see the year end financials, the final accounts for the previous year "And while your at it, can we PLEASE have the previous five (5) years numbers as well?".
The great value in this article then is that it tells us conclusively that a shift has taken place. Under the new leadership of Mr. Al-Abadi the COM has, in just two short weeks, seen fit to send over those years and years worth of year end financials to the parliament and this shift is our EVIDENCE that the old order of 'business as usual' can no longer work.
The 2014 budget is not going to be released simply based on the old model of guesses but rather it will be done with accuracy.
This accuracy will involve the settlement of ALL of these years of business and any imbalances found will be settled in IQD thus allowing the 2014 budget to be birthed using real numbers going forward.
Why? Apparently someone over there thinks that now, all of a sudden, it matters. Are we to believe that a janitor over at the COM just found these years worth of financials lying in a corner as we was clearing out Mr. Maliki's office making room for the new boss man?
This shifting is being done with an obvious intent. We need to point to that and not skip over the reality that the timing of this news can not easily be explained by mere chance. EVERYTHING is following a script and they just checked off a big one on their list. Things are about to get real serious over there and serious businessmen do not deal in guesses.
The 2014 budget will be released later than ever before in Iraq's history (a significant point all by itself) and will most CERTAINLY be different from past years.
If we then take this latest news up to the macro level and compare to other evidences such as, Iraq changing leadership with a new PM that was 'chosen', the new CBI governor being appointed this week, etc, it gives added weight to our confidence and our expectation that Iraq is about to do something crazy with their money.
Could I be totally wrong? Good question... please recognize that we are not even speculating here! We are simply taking the evidence of what they are doing and projecting it out to it's logical end.
The 2014 budget will be released later than ever before in Iraq's history (a significant point all by itself) and it will most CERTAINLY be different from past years. THAT is the value in this short press release. Even the opening word "Urgent" reads as a front page headline:
"EXTRA EXTRA, Read All About It!"
Urgent ….. Speaker reveals "Parliament receives final statement for 1st time"
Wednesday, 17 September 2014 13:07 | | |
Baghdad (AIN) –The Speaker of the Iraqi Parliament Salim al-Jubouri revealed that the Iraqi Parliament received for the first time the final [year ending financial] statements for the last seven years."
Jubouri stated to AIN during a press conference "The parliament for the first time received the final statements from 2005-2011 and these statements are observed to be submitted for a vote." /End/