Post From Dinar Updates
Chat Room Excerpts & Highlights
Bgg & MadDScout News Time 9-25-16 Part 2 of 3
BGG says():Here's a couple of great articles RCookie posted last nite that got overlooked... this stuff is HUGE!!
david334 says to hutch():It is so true
MrsBGG says():Okay, it's News Time now! Please use a ? for a question or comment, thank you
BGG says():Call to activate direct investment in all sectors
stressed competent in economic affairs Ahmed expensive on the need to adopt swift measures do direct investment for its role in achieving the development of all economic sectors...
mjm says():Any new information on taxes that may need to be paid?
BGG says to mjm():We'll open it up for questions once this article has been posted and discussed.
BGG says to mjm():Now I'll start over...
BGG says to mjm():Great article posted by RCookie...
Call to activate direct investment in all sectors
stressed competent in economic affairs Ahmed expensive on the need to adopt swift measures do direct investment for its role in achieving the development of all economic sectors.
And direct investment means the movement warheads global funds for the development of economic sectors achieve economic feasibility for all involved in the implementation of projects parties economic.
He is charged in an interview with «morning»: that this type of investment requires starting from attracting direct investment climate that can have direct access to Iraq to provide.
BGG says():He pointed out that Iraq is in dire need of the global effort sophisticated and specialist and world capital that must work to attract them to the country and invested in various sectors , production and service.
inexpensive stressed the need for the formation of committees or hiring private sector to work to provide a suitable environment conducive to attracting so dedicated effort has an international reputation and wide have the ability to implement quality projects in all sectors contribute to achieving real sustainable development.
it encourages the investment Law No. 13 of 2006 on the activation of investments in all sectors without exception.
BGG says():He charged that the job opportunities in the big Iraq and across all sectors , without exception , and need the efforts of local and international companies , without exception, which requires us to work towards building bridges of cooperation with these companies and the introduction of local companies as a partner in implementation to gain experience and mastery of the technology developed.
Read More: http://www.dinarupdates.com/showthread.php?41508-Call-to-activate-direct-investment-in-all-sectors-9-24
BGG says():Are you all seeing this...Pat - what say you>>
MadDScout says():"it encourages the investment Law No. 13 of 2006 on the activation of investments in all sectors without exception."
BGG says():BOOM - swift measures, activate investment...
Investment law (which is what they need - freedom of movement of capital in and out of Iraq)...
Direct invesment, world capital, direct access (any ideas as to what that means??)
MadDScout says():To me it is plain to see.
BGG says():DIRECT ACCESS!!
BGG says to MadDScout():you're on it man!!
MadDScout says():Anyone who says "hold up" has not read the news
1bobby says():The Investment Law that MadScout speaks of is a pretty direct law, any idea what "tweaks" need to be done
BGG says to MadDScout():EXACTLY
MadDScout says to 1bobby():If by tweak we mean activation...
1bobby says():so just a reading/vote type situation
MadDScout says to 1bobby():I do not have the words to the law in front of me
1bobby says():That's cool. Just excited for that to be put forth and activated. Thank you
MadDScout says to 1bobby():I know we have seen voting on it in recent months
jeffjane says():I thought they had the first reading. When is the second reading of the Investment Law? or am I mixing up my laws. I might be thinking of the Accountability Law
MadDScout says to jeffjane():No I believe you are right
They are coming up on a parliament session where another reading will happen because of it's importance
larrykn says():I thought I read that the investment laws were to be voted on this coming week
MadDScout says to larrykn():I know they are working on them actively we see it often enough in the reports
Elane says():Is parliment meeting on monday? Also R cookie outlined all the upcoming voting for us this week we are facing...
Elane says():Alot of laws
larrykn says():yes there were some laws rcookie mentioned that were to be voted on an I thought that was one of them
Elane says():Me too Larry
MadDScout says to Elane():I am not sure the next session at the moment but there is nothing holding up it's next session(to my knowledge)
Elane says():Good enough for me... MadDscout its on fire
larrykn says():bunch of slackers lol
MadDScout says to Elane():What I mean is at present I am not 100% on parliaments next session
BGG says to 1bobby():Back to your ?? - I am not exactly positive about what they are doing with it - but it appears they will make adjustments to an existing law to satisfy international pressures... and by all indications - it will happen soon. Probably one of the final pieces to the puzzle.
MadDScout says to Elane():But no "snags"
BGG says to MadDScout():I thought I read somewhere - Monday??
Elane says():Right.. I understood MadDscout.. as always... thanks...
Elane says():So did I
MadDScout says to Elane():YW
Elane says():Thats why i wanted confirmation
1bobby says to BGG():Thanks
MadDScout says to BGG():You are probably correct on monday
jimplants says():IMO THEY HAVE IT DONE JUST WAITING ON TIMING
MadDScout says to BGG():without it in front of me I hate committing to it LOL
BGG says to MadDScout():D
MadDScout says to BGG():D
BGG says():Next article...
( I guess those that can't stand an even political playing field or a barnyard story are gonna' miss out. )
MadDScout says to BGG():(lol)
BGG says():Economists Atdarson expand financial resources
considered the elite of financiers, economists and specialists of financial and oil affairs challenges and problems facing the 2017 budget year in light of a sharp drop in oil prices , arguing that the budget is the main criterion for measuring economic performance , stressing at the same time , the need to develop a vision based on the financial realities and oil for the country.
initiated a symposium organized by the progress of policy development institute under the title «economic analysis to balance the 2017 challenges and solutions» and attended by «morning» the word of the President of the Institute , Dr. Mehdi al - Hafez, which explained through which the country is going through very harsh conditions, which impacted on the preparation of the budget and the value of Finance.
and pointed out that since 2003, and still balance the focus of controversy and discussion is useless because of the sense that the waste could leak into the budget and its implementation.
he said Hafiz said the deal is going on in economic circles on the text submitted an analysis of the budget in 2017 to be taken into account fundamental issues in dispute , particularly the exchange rate of the Iraqi dinar, then placed «final accounts« which constitute an essential element in the state accounts, which is still pending material without serious her application, and control over the exchange rate the 17 percent.
asked for financial accounts with the Kurdistan region and whether that 17 percent represents sound formula or should be counted the money received by the region , whether in the form of oil sales, taxes or fees or other forms, then what about the official existing units now in the economic structure of the state and do we need to rethink the safety of these units and economic need for them.
He concluded Hafiz Talking about the service contracts in the field of oil and calls for a review and put it in the context of reduced public spending of the state as well as the question of the project on a number of institutions and the reason to keep it.
in turn assured the governor of the central bank and the agency , Dr. Ali Keywords in a brief statement that the work is underway to set up a budget programs and re - structure accounting system and the reduction of import phenomenon and work tariffs.
For his part , stop counselor for economic Affairs in the Council of Ministers , Dr. Abdul Hussein Al - Anbuge, when international loans and carry it from the negative effects on the national economy , where Iraq will face difficulty in repayment and benefits years later, also addressed the value of the dollar and linked to addressing the deficit in the federal budget, as well as reducing the number of parliamentarians to 100 members and determine the ten members of the provincial council and its role in reducing expenses.
and added that to maximize revenue and as stated in the budget of 2017 is continuing to impose sales tax on Kartat mobile phone and internet networks about 20 percent , accompanied by the imposition of airport tax as a lump sum (25 thousand dinars) per ticket in all airports, as well as the continuation of the ministries and provinces to impose fees or wages of new services and modification fees and current wages with the exception of the sovereign. '
and stressed the importance of activating the collection of electricity, telephone, water and sewer fees, The deduction is worth 4.8 percent of the total salaries and allowances for all state employees and retirees all meet the needs of the popular crowd and relief to the displaced as well as increase the property tax rate of 10-15 percent, selling and investment Output Cree rivers and 50 percent of them to cover the Ministry of water resources expenses and 50 percent final revenue budget
rationalization of spending
either in regard to measures to rationalize spending, Anbuge it clear that reducing the number of cars to the heads of the three presidencies as stated in the budget of 2017 by 5 cars of the heads of the three presidencies and four cars to their deputies and three cars for ministers and rank shall be fixed and two cars to agents and rank shall be fixed for the general managers.
among Anbuge, bears employee car State uses a completely fuel and maintenance expenses with the exception of operational cars and farm productivity and ambulances and the transfer of staff,
referring to reduce the number of delegates 50 percent and reducing the external deployment and reduce expenses. the organization of conferences and stressed the need not to organize conferences outside Iraq and reducing diplomatic missions by 25 percent and the closure of Attaches and transferred to the embassy , and reduce the number of its employees by 25 percent ,
also stressed the importance of reduce the number of state employees and to stop the appointments in companies and institutions of self - financing and trimming scores that are vacated due to transportation or retirement or death.
point Anbuge a number of observations about the budget bill consisted article 10 / III need to rewriting floating for being, as the Article 21 dispute the scientific bases for the preparation of the budget came while Article 27 remained floating well as the issuance of money orders and bonds worth $ 12 billion to cover the entitlements of the oil companies did not appear in the budget table.
Read More: http://www.dinarupdates.com/showthread.php?41509-Economists-Atdarson-expand-financial-resources-9-24