Post From KTFA By aggiedad77 » January 3rd, 2015, 10:24 am • [Post 85]
Saturday News Summaries and Commentaries
Well it appears the GOI are the chatty-cathys today....they continue to talk about borrowing to take care of budget deficits....but they also speak of some other issues that while they don't make headlines....I think may have importance.....if not now...in the near future.
Warning .. Iraq is heading toward borrowing from the International Monetary Fund
So the IMF may be called upon for a loan....but why not try to further reduce government spending....create less interference by the government in the markets....addressing taxation....
all this is old news.....but enter some new things.....talk of the price of oil rising in the short term back above $70.....the coming "new wave"....who is prepared to ride it.....
now they also talk about increases in interest rates....exchange rates...and something called "settlement until devaluation".......wonder what that means....me too.....
rest easy that it is not information coming from the CBI.....but the GOI....and it is from a "single source"....not Speaker Jubouri......not PM Abadi....and certainly not from the CBI.
Parliamentary Finance postpone its meeting on the budget discussion for tomorrow and confirm presented for the second reading session Wednesday
Finance Committee has postponed its planned meeting today until tomorrow....this is in prep of the second reading of the budget for 2015 next Wednesday.
Minister of Labour: the use of electronic Alihukh provided 58 billion dinars from the squatters on social protection
For the prior three years 58 billion dinars have been provided electronically to those people making use of the social protection network....so if you happen to be what they term a "squatter" but have access to an e-card you may receive a payment.
Short on news this morning.....long on snow.....gotta go and do some shoveling.....will be back later to see what has been dredged up at that point.