Welcome to dinarupdates.com for news time with Millionday!
Papatom: there was a report today that said the 2015 budget took effect yesterday. and talked about the funds for kurdistan….so if its in effect, would it make sense that they have finished it?
Millionday: THE AGREEMENT WITH KURDS AND IRAQ ON OIL EXPORT IS ALL I SAW SO FAR FOR THE ACTIVATION YESTERDAY
Papatom: and what about that trillion plus dinars for Kurdistan?
Millionday: I MAY HAVE IT WE WILL SEE WITH ALL THIS
Millionday: THAT IS THE AMOUNT IN THE PRINTED BUDGET — ALL REPORTS AND FIGURES ARE AT THE SAME POSITION THEY ARE IN RIGHT NOW IF A CHANGE OCCURS IT WILL EFFECT EVERYTHING WITH DATA ENTRY ALL AT THE SAME TIME
Millionday: Contract Finance Minister Hoshyar Zebari yesterday evening at the ministry’s headquarters press conference on the draft budget, financial and economic situation in the country law.
According to the ministry’s website minister stressed that the government and the ministry has fulfilled its obligations and commitments to the Council of Representatives and citizens to submit a draft budget to parliament before the end of 2014, and said that this budget is realistic budget which is closest to the reality of the financial and economic situation in the country.
Millionday: NOTE — UNDERSTAND THIS IS MINISTERS BUT LOOK AT INFO IN NEXT PART
Millionday: The Council of Ministers held the ministerial committee several amendments thereto, as Parliament appealed committees allocative adoption of the budget law after studying at the beginning of next year,
so that the government and the ministry to control the revenues and expenses and to begin work on the provision of the proposed revenues to bridge the fiscal deficit and provide basic services to citizens.
Mr. Minister of Finance and appealed to all ministries and agencies in collaboration with the financial instructions contained in the publication Accounting Department to stop the end of the fiscal year exchange 31/12/2104, according to the law of financial management and public debt.
Millionday: NOTE — THIS IS THE MOST INTERESTING PART OF COURSE — WHOOPOW
Millionday: The Minister explained the challenges faced by the Iraqi economy in 2014, the lack of liquidity as a result of terrorism organization Daash and expenses of defense and fronting the vitality and the drop in oil prices in world markets.
The proposed government measures also explained to finance the deficit and financial gap of national savings and assets retained and SDRs and the issuance of foreign bonds and public debt through the legal reserve banks and treasury transfers from the Trade Bank of Iraq and issuing money orders treasury government banks.
Millionday: NOTE — SDR _= SPECIAL DRAWING RIGHTS — BASKET OF CURRENCY CALCULATION AND OF COURSE THE ISSUING OF BONDS IS VERY EXCITING FOR THE ECONOMIC REFORM OF THE COUNTRY
Millionday: He said the Minister that the Government will provide a budget for 2014, and will serve as a financial statement on the actual income and expenses and aspects of exchange in the first half of next year, and the student concerned ministries of electricity, municipalities, and the secretariat of Baghdad, the importance of revenue collection and organization.
Papatom: wouldn’t they need to know the value of their currency to know the value of their SDRs?
Millionday: THE VALUE CURRENT IS LISTED ON THE CBI SITE
Millionday: He said the Kurdistan Alliance MP Jamal Panthers, Friday, that the solution to the economic crisis, however, is not Iraq alone, but must be an international solution,
stressing the need to fight against administrative corruption to reform the country’s economy.
The Panthers told all of Iraq [where], that “the Iraqi economy needs to privatization and limbering, and the fight against administrative corruption, these are the qualities essential to reform the country’s economy.”
Millionday: NOTE — THE KURDS STATING THAT THE FIGURES NEED TO BE ACCURATE
Millionday: “The solution to the economic crisis, however, is not Iraq alone, because there is an international crisis caused by the military circumstances in the region and lower oil prices,
and therefore, the Iraqi partial solutions will be commensurate with the situation in Iraq in the current world.”
He pointed out that the Panthers “a radical solution to the economic crisis must be an international solution.”
Millionday: NOTE – PARTIAL SOLUTION WOULD BE IN THE CURRENT WORLD — NICE
Millionday: It is said that the Iraqi economy is suffering a crisis as a result of a failure to approve last year’s budget in 2014, and the security conditions taking place in some Iraqi cities, in addition to the drop in oil prices.
The religious authority said on the tongue of its representative Mr. Ahmed net during Friday prayers today that “the fight against financial and administrative corruption will help to overcome the financial crisis resulting from the drop in oil prices.”
Millionday: SO AS WE SEE – THEY EXPECT TO BE ABLE TO OVERCOME THE LOW OIL PRICES — THEY HAVE MANY PLANS AS A COUNTRY VERY EXCITING
Millionday: THE REVENUES WILL BE ADDED FROM 2014 TO THIS BUDGET FROM FINAL ACCOUNTS — THAT IS HOW IT IS DONE
Millionday: NEWS IS SO SLOW TONIGHT
Millionday: I AM DIGGING REALLY
Millionday: LET ME MAKE SURE I JAVE NOT MISSED ANYTHING
Millionday: NOTE – THIS SHOWS HIM SIGNING SO IT MUST HAVE BEEN SENT TO PARLIAMENT YESTERDAY
Millionday: The Iraqi Oil Ministry, for the Prime Minister Haider al-Abadi, commissioned by the head of the advisers Thamer Ghadhban, to prepare a draft oil and gas law.
He said ministry spokesman Assem Jihad said ‘According to our information, the prime minister instructed the former oil minister and head of the advisers Thamer Ghadhban headed committee to prepare a draft oil and gas law,
and submitted to the Cabinet for approval ‘, adding that’ after a government review of the draft law and approved, they would be sent to the House of Representatives for their legislation and vote on them. ‘
between a spokesman for the Ministry of Oil to ‘take the views of the Kurdistan Regional Government and the oil-producing provinces, the draft law, is up to the committee for preparation of the law ‘.
Papatom: what’s avenues of Law .?
Millionday: FIRST IT GOES TO MINISTERS AND THEN PARLIAMENT — THIS SHOWS ABADI SIGNING SO IT MAY BE AT PARLIAMENT BY NOW THIS WAS DATED YESTERDAY
CanTWaitwoRV: Amnesty Law…there are rumblings that the Amnesty Law is the big elephant in the room and right now they’re doing a dance til that’s done…
what are your thoughts on the amnesty law and how important it is on a regional global level? Seems like some within the GOI don’t want it done tho it will be…the new amnesty law not the old one?
Millionday: THE KURDS WERE PUSHING FOR IT TO BE DONE AND THEY HAD IN THE NEWS THAT IT IS IN PARLIAMENT WITH THE OTHER LAWS THAT NEED TO BE PUT THROUGH –
IT SHOULD BE WITH GROUP OF LAWS THAT NEED TO ALL GO
MArco: when you say have to go does that mean it is done
Millionday: NO IT MEANS THEY HAVE LAWS DONE THAT THEY NEED TO PUT INTO LAW ALL AT ONCE
DeeSP: What about the National Reconciliation Conference is that Saturday?
Millionday: I DONT KNOW — I FIND NO PRINT ON IT PAST WHEN IT WAS PLANNED SO WE WILL SEE TOMORROW DEE
Millionday: WE MAY HAVE MORE NEWS TOMORROW — SLACK MEANS WE GET A LOT AT ONCE MOST OF THE TIME
Millionday: WE WILL SEE ALL OF YOU AT 730 EST TOMORROW