BLC Admin tlm724 Chat 10/30/2014 Parliament Session and Budget
[tlm724] I just posted the press release (text) of the parliament session today, they had some very interesting discussions , let me show the highlights
House of Representatives is hosting the finance ministers and the oil and Planning 30 October 0.2014
[tlm724] The Council voted to extend the first legislative chapter for one month starting from 1-11 until 1-12 within the powers granted to the presidency of the parliament.
For his part, Mr. al-Jubouri called for parliamentary committees to speed up the resolution of the presidencies of deputies and parliamentary committees and rapporteurs as soon as possible.
[tlm724] Mr. Saleem al-Jubouri, head of the House of Representatives welcomed Messrs finance ministers, planning and oil to talk about the federal budget for 2014.
stressing that the withdrawal of the observed reserve of Development Fund for Iraq during the 2012 and 2013 affected economically and consequent financial commitments to a number of decisions and laws on compensation and the ration card and electrical projects
[tlm724] noting that the committee recommended funding deficit through the Special Drawing from the International Monetary Fund as well as to issue treasury transfers to the pension fund and the bank Rafidain and Rasheed,
[tlm724] special drawing rights from the IMF are funds available via loan's from the IMF for Iraq to use, we see those listed on the CBI as SDR's
[tlm724] that will help them correct the budget deficit
And between the Minister of Finance and the presence of several proposals, including an agreement with the Central Bank of EXTRA discount reservists law to 7 instead of 15% and a Trade Bank of Iraq to grant the Ministry of Finance loan of $ 3 billion and the issuance of securities,
which means that the fiscal deficit by about 5 trillion dinars, indicating near launch urgent batch of money available to the Kurdistan region and is currently working to prepare the budget for fiscal year 2015.
[tlm724] Central Bank of EXTRA discount reservists law to 7 instead of 15%
[tlm724] CBI will lower the interest rate for the GOI
[tlm724] a Trade Bank of Iraq to grant the Ministry of Finance loan of $ 3 billion and the issuance of securities, which means that the fiscal deficit by about 5 trillion dinars
[tlm724] a loan and the issuance of securities means bonds to generate revenue
[tlm724] then there was further discussions
The MP called on Najib Najib to send financial share of the region of Kurdistan and the indispensability take measures to pay the salaries of the Peshmerga, similar to the popular crowd wondering about the possibility of recycling the money.
[RCS1947] timmy lots of positive news today. thank you and Bondlady
[tlm724] RCS1947 you bet
He MP Adnan al-Janabi said national unity could potentially contribute to change the rentier economy and support agriculture, pointing to the existence of illegal decisions taken by the government to divert money from within the budget, urging the Oil Ministry to facilitate the work of the oil companies.
[tlm724] pointing to the existence of illegal decisions taken by the government to divert money from within the budget
[tlm724] that was Maliki's doing
Inquired MP Haim Jubouri commitment on the issue of a number of ministries over the signing of contracts for projects without the approval of the Ministry of Planning or approving the budget, calling for the export of oil through the province of Kurdistan and to reconsider the price of a barrel of oil within the next budget.
[tlm724] calling for the export of oil through the province of Kurdistan and to reconsider the price of a barrel of oil within the next budget.
[tlm724] the Kurds will increase their production to 400 k bpd by the end of this year
The MP Abbas al-Bayati, the importance of the work in earnest to prevent money laundering and the need to reduce the allocated consumer aspects of the money in the state departments. MP Ahmed electrodes have inquired about the existence of attempts to dispose of the Iraqi Central Bank reserves.
[tlm724] this new GOI has their eye on the prize and will help to protect the reserves
[tlm724] they know those reserves back the currency etc .. we should not see any attempt on them from this new government like we saw from Maliki
In response to interventions and inquiries Finance Minister Mr. Hoshyar Zebari, the difficulty of presenting the 2014 budget, but the ministry will provide financial data on disbursements, indicating the importance of political processors for some aspects related to the budget and the lack of any intention by the government or the Ministry of Finance PMS employees' salaries, pointing to the existence of a crisis in real the presence of about $ 77 billion financial reserve at the central bank have not been touched. financial liquidity but to call an end to bankruptcy in
[tlm724] see, to call an end to bankruptcy in the presence of about $ 77 billion financial reserve at the central bank have not been touched
[tlm724] Zebari, the difficulty of presenting the 2014 budget, but the ministry will provide financial data on disbursements
Mr. Zebari said the intention of the Ministry of Finance to launch allocated to the provinces of Nineveh, Kirkuk, Diyala and Anbar money during the next phase
[tlm724] money going out in the next phase
indicating the absence of any costs or financial burdens for the establishment of the coalition forces raids to combat terrorism, stressing the keenness of everyone to grant the Kurdistan region of all rights and working to launch a financial boost to the province Soon
[tlm724] stressing the keenness of everyone to grant the Kurdistan region of all rights and working to launch a financial boost to the province Soon
[tlm724]that's from the Minister of Finance
As Mr. Salman Jumaili Planning Minister Ban has said the ministry focused during the current phase of the adoption of policies and ideas, legislation and reordering of priorities, noting that rotate the amounts associated with the presence of a substance in the budget bill in this regard noting that tackling corruption is a top priority, stressing that the financial budget spent and it has become a reality if the report will be sent to the House of Representatives in this regard.
[tlm724] focused during the current phase of the adoption of policies and ideas, legislation and reordering of priorities
[tlm724] noting that tackling corruption is a top priority
[tlm724] stressing that the financial budget spent and it has become a reality if the report will be sent to the House of Representatives in this regard
[tlm724] sounds like they are track here, getting their ducks in a row, tackling a very hard job of trying to get this 2014 budget (funds) launched so they can move on and prepare the 2015 budget the right way !
[tlm724] I like it
[RCS1947] me too !
[JohnnyZ] Looks like they are differently getting things lined up for things to start popping!!!! It appears they know once they open the flood gates it will be a rushing river of goodness!!!!
Then decided to adjourn the meeting to next Saturday 01/11/2014.
Circle Media Iraqi Council of Representatives 30/10/2014