Post From BondLadys Corner
BLC Admin Tlm724 News & Comments 1--5-16 Part 1 of 2
Government is moving toward raising the value of the dollar to the 200 to cover the salaries of its employees
01/05/2016 10:18 Tomorrow Press / Baghdad: heading the Iraqi government, during the current year to raise the value of the dollar against the Iraqi dinar to the 200 thousand dinars for every 100 dollars, instead of 120 thousand dinars, including an attempt to cover employees' salaries.
A source in the Finance Committee of the House of Representatives, who declined to reveal his name, in an interview for "tomorrow Press", that "the central government received proposals by some parliamentary bodies and a number of ministers, requires raising the value of the dollar to the 200 thousand dinars per hundred dollars, in order to Dam and cover staff salaries, which have become the government unable to pay in light of the continuing decline of oil prices.
"The source added that" only the victim of this procedure is the employee, where the prices of goods will rise in full, as the Iraq imports simplest things from abroad because of the lack of industries Local and push the prices of those goods.
[tlm724] heading the Iraqi government, during the current year to raise the value of the dollar against the Iraqi dinar to the 200 thousand dinars for every 100 dollars
[tlm724] now who is saying this ??
[tlm724] A source in the Finance Committee of the House of Representatives, who declined to reveal his name,
[tlm724] so maybe that talk is on the table but we and no one else knows that. There have adjustments made to the dinar as we witnessed and we KNOW the IMF is there so lets not get all stupid over all this
[tlm724] there is talk on another forum about a rate change and they have been watching and waiting trying to back up all they said about the 1st of the year so I beg you all to use discretion in who you listen too
[tlm724] don't fall for the guru spew, we will know when things move via announcements from the CBI themselves not from someone guessing ok ?
[tlm724] we will stay calm and study what happens daily, not call the RV and try to back peddle for days trying to keep our members calm ok ?
[cstacy] tlm724 yes thanks
[tlm724] we don't roll that way, just sayin...
The Minister of Finance is likely inability to pay salaries in April if oil prices continued to decline
04/01/2016 06:24 | Direction Press / Agencies
He favored Finance Minister Hoshyar Zebari, on Monday, the inability to staff the distribution of salaries in the month of April, in the event of continued low oil prices, while noting that there are other options to avoid that.
Zebari said in a press statement that "in the past year, we have succeeded in the distribution of salaries, but this year, according to estimates available to me, we have exposed to the problematic in the month of April may not be able to distribute the employees' salaries for that month," pointing out that "this is a reality and must be people know. "
Zebari said, "There are seven million people are paid salaries of Iraq's total population of 36 million," noting that "the total amount to be distributed from the monthly salaries of four billion dollars."
And on the procedures to be followed if oil prices continued to decline, Zebari said, "There are several alternatives, including borrowing from international institutions a few of the benefits," adding that "Iraq has received a few days ago billion and $ 200 million from the World Bank."
He said Zebari, that "The other option is how to raise the Iraqi dinar exchange rate, and although it choose the risk and could have repercussions, but we thought of not granting full salaries, and to keep some of our loans, and give a document that we will give money when what provides we've got".
Zebari said that "from the sale of oil and receipt of the money options in place in advance, in addition to raising the price of water, electricity and fuel service option but it is not easy, any government applied be subject to the reactions of the citizens," stressing that "economic decisions painful, but it is said that any economic decision if not, it is not a painful decision. " http://aletejahtv.org/index.php/permalink/93753.html
[tlm724] "Iraq has received a few days ago billion and $ 200 million from the World Bank." He said Zebari, that "The other option is how to raise the Iraqi dinar exchange rate, and although it choose the risk and could have repercussions
[cat] uh huh
[tlm724] Zebari said that "from the sale of oil and receipt of the money options in place in advance, in addition to raising the price of water, electricity and fuel service option but it is not easy, any government applied be subject to the reactions of the citizens," stressing that "economic decisions painful, but it is said that any economic decision if not, it is not a painful decision
[tlm724] any government applied be subject to the reactions of the citizens,"
[tlm724] sooooooo there are several options on the table for getting out of the crisis
[tlm724] I don't think he is saying to "raise" the value the way we want them too lol make adjustments is more like it
see here : Government is moving toward raising the value of the dollar to the 200 to cover the salaries of its employees
Najib: Preparation of the budget of the government's work and should be informed of the amendment made it all[
05/01/2016 10:36 | Direction Press Special /
Kurdistan Alliance MP Najiba Najib confirmed that there are ways drawn in the Constitution and the laws that begin in the House of Representatives and to become a window must pass a number of the relay.
Najib said in an interview with "direction Press" that the stages that must pass by enacting laws, including the federal budget law is the House of Representatives authentication and authentication Presidency of the Republic, and then published in the Gazette of Iraq.
She added that the federal budget law and after that published in the Gazette of Iraq Stsdrlh instructed by the Council of Ministers and the Finance Ministry to implement provisions of the law in the budget materials.
With regard to the question of appeals said Najib that this matter is not new because many paragraphs introduced by the Finance Committee and voted on by the Parliament, as well as requests by both blocs or committees, after collecting 50 signatures are voted on within the Council without taking the opinion of the government, and this means that the government challenged.
She noted that the Federal Court directed in any material developed by the Finance Committee or the parliament without taking the opinion of the government would be contrary to the Constitution, because the preparation of the draft budget is the work of the government and we must look at all the changes that may occur later by the legislature.
It is noteworthy that, the Council of Ministers, announced during its meeting on 29 December last, challenge the materials 2016 budget law.
He revealed Minister of Construction and Housing Tariq Kikhany for material that will challenge the government in the fiscal budget for 2016 Act.
He said it was the most important items that will be challenged budget is the financial transfers where it formed a committee of the ministries of finance, planning and reconstruction to review these items and the most prominent of transfers between chapters of the budget, noting that some transfers were from the ministries of defense, interior and this may adversely affect the conditions of the security forces and military operations in Currently in Anbar province and other provinces.
He pointed Kikhany to the cancellation of the parliament's foreign grants, as well as the payment of the foreign debt owed by Iraq and the negative impact on the work of the Ministry of Finance and this formed a committee to read the items that can be challenged, indicating that these substances are about 10 of additives and some amendments made by Parliament on the material not are in favor of the budget.
President of the Republic to ratify the budget law
JANUARY 3RD, 201
The official spokesman for the Presidency of the Republic, Mr. Khalid Shwani announced the rule of President Fuad Masum authentication on Sunday 3/1/2016 on the Federal Budget Law No. (1) for the current year.
He explained Huani confirm Mr. President, on this occasion, the importance of adhering adjusts unnecessary expenses and taking into account service Low-income and provide basic services have social strata in this emergency situation through which the country.
He said the official spokesman for the President to renew his thanks and appreciation for all the efforts that have contributed to the preparation of the budget, study, review and discussion and legislation, whether in the government or in the House of Representatives or in the media that the draft a vital role in all these stages. LINK
[tlm724] signed then appeals then gazette Wink will probably be another month
[tlm724] keep in mind that the 2015 budget was published in the gazette on 02/22/2015
[tlm724] He said it was the most important items that will be challenged budget is the financial transfers where it formed a committee of the ministries of finance, planning and reconstruction to review these items and the most prominent of transfers between chapters of the budget
[tlm724] see they gotta fight it out
[bigdinaros] this years budget is interesting since it contains tariffs
[tlm724] bigdinaros true true but probably be another month then they have to implement it
[tlm724] could be sooner though, depends on how serious they are
[tlm724] they can fast track it but remember this is Iraq, molasses in winter lol
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