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Dinar Updates Monday Early AM Chat 11-28-16 Part 2 of 2
rcookie says():3. In a large neglected in macroeconomic statistics, which suffer neglect and poor experience; therefore, most of the accounts that are prepared lacked quality, as a result of the comprehensive source of data on the activities shortage, the categories of spending in the gross domestic product, and according Fund forecasts will reach Iraq's oil revenues to 5 trillion dinars in the current year,
and 12 trillion dinars in 2017, while public debt, it will rise to 66% of gross domestic product this year actually retarded the Iraqi economy and lack of confidence of international institutions and government departments that came to Iraq after 2003,
not to mention the 's future is encouraging for the economy for these reasons, the Iraqi imposed several conditions on the fund to give Iraq any loans, and agreed with the Iraqi government on a number of measures, and most important:
1-application of the "one treasury account", to prepare a list of accounts of all banks that are under the control of the Ministry of Finance, identifying all sub-expenditures in the federal government.
2. disclose the size of dues to local contractors, and provide detailed accounts of social welfare, and the ration card.
3. stop any new appointments, with the exception of health, education and security sectors.
4. tighten controls on money laundering, calling the Integrity Commission to investigate the financial assets of senior officials; to improve anti-corruption efforts, and promotion.
5. World Bank assistance to the Ministry of Planning to carry out the reform of the "General Investment Management"; therefore face Fund experts to establish a central unit for the management of public investment to examine the projects based on the female students of the feasibility of the establishment of the so-called "integrated projects bank" management of the Ministry of Planning, in order to increase investment spending, growth and achieve outside the oil sector.
rcookie says():6. supervision of Iraq's debt and censored in addition to audit employees' salaries to prevent manipulation, frequent payment or payment for so-called "aliens".
7. In a time when Iraq is suffering a severe shortage of services, especially electricity and water will increase the price of electricity for those who consume more than 600 kilowatts per month, and the Ministry of Finance has proposed taxing the salaries of employees of the second-class upwards, (Middle East Online).
So it was better for the Iraqi government, rather than borrowing a process that will inevitably have negative effects on Iraq's economic future and the dependence of the Fund, to be treated wounds itself by relying on their own resources, to stop the bleeding of corruption and procrastination law enforcement on the one hand, and reduce expenditures on the other hand,
because the a serious attempt to address the main causes of the problem, instead of seeking treatment results, states and governments when has a real resolve crises and problems will be available,
heading straight towards the real reasons for it, without any wrapping, sometimes no matter what, and at other times trying to process the results without the introduction of the reasons, and in application for saying:
"diagnosis of half medicine", the government should be more transparent in the diagnosis of the situation, and more procedural in traffic on the right track in processors, bearing interest of Iraq's sovereign, and the national mind.
Unit Economic Studies
subgirl says to rcookie():WOW! rcookie! you are bringing it in too!!! Great stuff in there!! (F)(y)
rcookie says():ANYBODY READING........
rcookie says to subgirl():(y)
subgirl says to rcookie():you better know it!! WOW!
rcookie says to subgirl():WHERE HAVE WE SEEN THIS BEFORE VERBATIM............
subgirl says to rcookie():I am trying to think what it is called!! UGH lol
loop says to rcookie():Wow! Great find!
rcookie says():EVERY SINGLE THING...BULLET POINT BY BULLET POINT....
rcookie says to loop():(y)
rcookie says():THAT IS 100% FROM THE IMF LOI/MEFP/TMU..........TO THE LETTER...
subgirl says to rcookie():it is thru the IMF...
subgirl says to rcookie():lol I knew that lol just couldnt think of the LOI...
subgirl says to rcookie():WOW that is awesome! :)
rcookie says():REMEMBER WHEN CERTAIN GURUS WER QUESTIONING HOW MUCH INFLUNCE THE IMF HAD ......LOL
subgirl says to rcookie():yep lol well, here it is... WOW!
rcookie says():YOU KNOW AS IF CO-AUTHORING THE LAST 3 BUDGETS AND INFLUENCING EVERY ASPECT OF ECONOMIC & FINANCIAL POLICY......
subgirl says to rcookie():yes they are...
subgirl says to rcookie():I like these 2 paragraphs too that you brot in up there^^^^
subgirl says to rcookie():Can not be separated World Bank action which works on the development of developing countries, the fight against poverty and the development of financial systems of the Member States for the work of the International Monetary Fund, they are working in parallel and cooperation,
and are linked organically, and to any State that becomes a member of the World Bank requires her to be a member of the Fund international Monetary first.
And that's where the International Monetary Fund works as an umbrella safety and the protection of international financiers, as they can be Akarzoa their money without caution or concern at will when the liquidity they have, the fund repayment to them and ensures that no matter what the conditions are,
and the results, note that this is contrary to the principle of a free market, which states: "bear the lender and the borrower's part of the responsibility taken by the lending decision ";
which means that the financiers are making gains and profits under all circumstances, while the borrower pays high prices in the cases of right and wrong, (vow of globalization / Yahya Abdul Hai Zaloom).
loop says to rcookie():It's almost like there is some sort of plan in place!!(:o)
rcookie says():YEP...COMPLETELY IRRELEVANT....PROVIDING ACCESS TO STOP GAP BUDGET DEFICIT FINANCING TO RESCUE THEM FROM ABYSS AND BANKRUPTCY...
WHILE INSTILLING FISCAL DISCIPLINE TO A COUNTRY WHERE THAT CONCEPT DOES NOT TRANSLATE......
rcookie says to loop()::D
subgirl says to loop():yes I think you can say that again lol
loop says():that's where the International Monetary Fund works as an umbrella safety and the protection of international financiers,
subgirl says to loop():yep that is right!!! :)
loop says():protection of international financiers
rcookie says to subgirl():THAT IS THE WB LOAN WE HAVE BEEN SEEING OVER THE WEEKEND THAT IS PART OF THE FINANCIAL UMBRELLA BEING MADE AVAILABLE FOR IRAQ...
subgirl says to rcookie():WOW that is cool!!! :)
subgirl says to rcookie():isnt that neat to see things fall in place.. and come together... just as IMF said... :) COOL
subgirl says to rcookie():and just think we are following it to the tee!! we are watching history being made! right here in the chatroom lol :)
subgirl says to rcookie():AND so many details are getting done... WOW!
subgirl says to rcookie():I am so very thankful to have dinar and be in this room now!! With all you researchers in here and helping and sharing... thank you so much!! :)
rcookie says():The end of the week ... the adoption of the general budget of the 2017 Act (Details)
26-11-2016 07:32 PM Hits: 2642
Orbit News -Parliamentary Finance Committee confirmed on Saturday that ' the adoption of the General Budget Law for the year 2016 will be the end of this week. "
Said committee member Ahmed Sarhan in a press statement, that ' the adoption of the law will be in place on Wednesday or Thursday of this week. "
He said Ahmed, said that ' the law needs to be reviewed by the parliamentary finance committee and he will be shown the law if the study is complete , the end of the week.'
subgirl says to rcookie():so the end of the week will be both the adoption of the general budget of the 2017 Act AND the adoption of the General Budget Law for the year 2016 will be the end of this week. "
magnetlady says():is that still Thursday subby?
rcookie says():Re Trebil border crossing with Jordan to work
Anmar Journal BAGHDAD - The Journal News
An Iraqi official said, to re-run bus passenger traffic through the Trebil border crossing with Jordan soon, after securing the road by Iraqi forces.
Abdullah said defect Director General of the General Company for travelers and delegations at the Transport Ministry, in a statement, Monday, said that the company is working to adopt a well thought out plans for the advancement of financial reality and provide new revenue contribute to turning the company from losing to winning.
He added that he is currently under coordination with the Jordanian side to the conduct of the company's buses in the way of (Baghdad-Amman) Highway, across Trebil after locked by the security forces.
Stressing that Trebil "is currently experiencing a maintenance work will hopefully be finished soon."
The Iraqi authorities have closed more than once the port over the past two years, after the control of the organization Daesh the Anbar province and the subsequent liberalization preservation battles.
subgirl says to magnetlady():looks like both maybe on thurs...
magnetlady says():some, not all.
subgirl says to magnetlady():todays got postponed for the 2017 til thur...
magnetlady says():I saw that
subgirl says to magnetlady(): yep
Read More :http://www.dinarupdates.com/showthread.php?44280-Monday-November-28-2016