Millionday Roundtable 12/12/14 Part 1
Welcome to dinarupdates.com for roundtable with Millionday!
Millionday: WELCOME TO ROUNDTABLE IT IS A GOOD ONE
Millionday: TRUST IN THAT
Millionday: I AM EXCITED TO BRING THE NEWS TODAY
Millionday: WE HAVE SOMETHING WE HAVE NOT SEEN TO DATE SO YOU WILL HAVE A GREAT TIME TODAY SMILE
Millionday: WE ARE GOING TO HAVE A GREAT NEWSTIME I CANT WAIT TO SHOW YOU WHAT I HAVE
Millionday: OK HERE WE GO NOW THIS IS SOMETHING WE HAVE NOT SEEN SO READ EVERY WORD
Millionday: Said in a parliamentary finance committee member, said that "the rest of the oil-producing provinces dues amounts of petro-dollar exchange rate will be after the approval of the federal budget for 2015".
Millionday: NOTE -- THE AMOUNT OF THE EXCHANGE RATE WILL BE AFTER THE BUDGET SO OBVIOUSLY IT HAS TO DO WITH BUDGET FOR THIS YEAR
Millionday: The Council of Ministers approved in its meeting on the first Tuesday, "the Ministry of Finance release of the remaining half of the petro-dollar allocations approved by the Council of Ministers in the previous session in Basra province.
He said Jabbar al-Abadi MP for the province of Basra told all of Iraq [where] that "part of the service and investment projects awaiting government Basra fulfill its financial obligations, and the disbursement of these receivables from petrodollars will move the wheel of development in the province."
Millionday: NOTE -- THE COUNTRY`S DEVELOPMENT IS THE DIRECTION WE ARE WATCHING AND THEY ARE GOING FOR THE NEW YEAR
Millionday: MY FAVORITE PART >>>>>>>>
He pointed out that "the amount of petro-dollar exchange rate will be after approving the budget."
Millionday: VERY TELLING
Millionday: The previous government of Prime Minister Nuri al-Maliki has been awarded last year, the amount of petrodollars and of five dollars for each barrel extracted from the oil-producing provinces after being withheld, including four dollars one dollar awarded,
sparking anger and protest of local governments in those provinces, which called on the government to refrain from The decision to include the financial budget for 2014, the full amount of $ 5 petro project, but the decision did not apply to a failure to approve this Almoisna.
Millionday: NOTE -- THEY ARE TALKING ABOUT THIS COMING YEAR WHICH AT THIS POINT IS NOT LONG OBVIOUSLY DUE TO THE CALENDER SO VERY GOOD NEWS AND THE FIRST IN INK CONCERNING ANY TYPE OF TIMELINE --
Millionday: BRB WITH MORE -- SMILE
brett: do we know when the budget is supposed to be done?
Millionday: I HAVE SOME NEWS ON IT WE WILL SEE BEFORE WE REMOVE OURSELVES FROM THESE BURNABLE CHAIRS
Millionday: SMILE LOL
_firefly_: We know that one of the conditions for Kurdistan to join the Federal Government was the deletion of the zeros by the end of the year. Everything seems to be falling in place !
Millionday: THINGS SEEM TO BE HEADED RIGHT TOWARD REFORM BY WHAT WE HAVE BEEN SEEING - VERY ENCOURAGING
MArco: But can the coming year also include many months
MArco: of 2015
Millionday: THE 2015 BUDGET GOAL AS THEY HAVE STATED IS TO BE DONE BY THE END OF THIS YEAR AND PARLIAMENT WILL BE IN EMERGENCY SESSION FOR IT AT ANY GIVEN TIME ACCORDING TO REPORTS
faith1: Millionday I don't understand ,, are they saying they will combine the 2014 and 2015 budgets in 2015?
Millionday: NOTE -- THEY ARE TALKING ABOUT THIS COMING YEAR WHICH AT THIS POINT IS NOT LONG OBVIOUSLY DUE TO THE CALENDER SO VERY GOOD NEWS AND THE FIRST IN INK CONCERNING ANY TYPE OF TIMELINE -- ??
faith1: sorry same ? ,, guess i can't type and read at the same time !! TY MD !
Millionday: THIS IS TALKING ABOUT THE 2015 BUDGET –
THE 2014 BUDGET WAS A MESS WITH ALL OF THE EXPENSES OF THE WAR ON TERRORISM AND WHAT WAS PLANNED GOT RUINED BUT WE HAVE SOME INFO TO LOOK AT –
THE WAY THEY DO THAT IS TRANSFER FINAL ACCOUNTS TO REVENUES AND COMPLETE THE NEXT BUDGET ACCOUNTING –
THIS IS NOT UNHEARD OF AS THE US EVEN HAD MANY YEARS WITHOUT A BUDGET SO NO WORRIES
Millionday: HERE WE GO WITH MORE INFO
Millionday: THERE WAS A PRESS STATEMENT MADE BECAUSE THEY HAVE BEEN DOING SOME RUNNING AROUND AND MEETING AND AGREEMENTS WITH THE INTERNATIONAL COMMUNITY TO PLACE SOME OF THE COSTS ON OTHERS DUE TO THE IMPACT THE WAR ON TERRORISM HAS ON THE GLOBE NOT JUST THEM
Millionday: HERE WE GO
Millionday: NOTE -- THE EXPENSE SHOULD NOT ALL LIE ON IRAQ ESPECIALLY WHEN THEY ARE TRYING TO DEVELOP AND COME OUT AS STRONG AS POSSIBLE FOR THE DINAR VALUE AND THE MARKET ECONOMY
Millionday: He added, "we have concluded contracts worth billions of dollars arming, due to the continuation of the war on Daash, and the damage was greatest juniors share our cities, and our citizens, and we are determined to avoid the damage."
The governor of the Central Bank of Iraq, "We had a meeting in Istanbul with a delegation from the International Monetary Fund, expect the biggest economic decline due to lower oil prices by about 30%, is added to the Daash control of the trade routes with the Kurdistan region."
Millionday: On the decline in global oil prices he said: "We can increase our production, unlike the rest of the members of OPEC [Organization of Petroleum Exporting Countries],
where we have not reached yet the maximum allowed us in this context, because of the problems faced by our country, through dozens of past years."
He pointed out, "is still our production and Sadratna less of our energy, and we have the right to Zaadthma", "adding that" Iraq's oil production will reach 4 million daily barrels by 2016 ".
Millionday: NOTE -- THEY ARE STATING THAT THEY ARE WORKING TO RIGHT BACK ON LINE TO PRODUCE WHAT THEY NEED TO CARRY AND SUPPORT THAT PORTION OF THEIR GDP/JOBS AND REVENUES
Millionday: NOTE -- THE ACTUAL BUDGET WILL BE DONE IN DINARS PER REGULATIONS AND HOW A COUNTRY`S BUDGET IS DONE -- WITH THEIR OWN CURRENCY
Millionday: The working Council of Ministers on the study of the preparation of the draft budget law, which was scheduled to be approved in its meeting on 29 of last month but postponed that the sharp drop in global oil prices, which fell below $ 63 what is causing the rise in disability rates,
with the formation of a ministerial committee shall conduct a comprehensive review of public expenditure of the State; to come up with recommendations to address and reduce the projected deficit in the budget. "
Millionday: NOTE -- SO AS WE SEE -- THE HOLD UP WAS A SCRAMBLE TO MAKE ADJUSTMENTS ON WHAT THEY THOUGHT THE REVENUES WOULD BE DUE TO LOWER OIL PRICING -- MAKES SENSE
Millionday: As finance minister, Hoshyar Zebari, revealed the intention of his ministry reducing the budget in 2015 to 120 trillion dinars, after it was 155 trillion dinars to reduce the deficit through a review of its provisions with the Ministries of State, and the search for domestic sources to reduce the deficit rather than borrowing Alojunba.anthy.
Millionday: SO THEY HAVE SPENT MUCH TIME TO REDUCE THE DEFICIT AND HAVE DONE A GREAT JOB WITH THE HELP OF THE IMF –
NOW ALSO REMEMBER JUST A COUPLE DAYS AGO THE IMF RELEASED A FORMAL STATEMENT THAT THEY HAVE ENDED THEIR WORK WITH IRAQ
SO OBVIOUSLY WITH THIS REPORT THAT IS BETTER NEWS THAN WE UNDERSTOOD EVEN THOUGH IT WAS HUGE THIS SHOWS US HOW MUCH MORE WAS INVOLVED IN THAT GREAT RELEASE
Comments may be made at the end of Part 2 Thank You