Millionday News 11/17/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
Millionday: FIRST LETS START WITH ECONOMIC NEWS AND THEN WE WILL LOOK AT THE LAWS THEY WERE TO HAVE DONE AND SEE WHERE THEY ARE AT
Millionday: NOTE -- THEY ARE DIRECTING THE PLANS WITH PRIVATE SECTORS AND MARKET ETC
Millionday: below specifications and that this had an impact on the infrastructure, technical and structural economy is reflected in many cases, the services, food, medicine and consumer materials and semi-essential,
and dominated the market materials and items from the origins of low and occupies the lowest grades at the level of the industrialized countries, and even the origin Chinese van,
which is currently imported it be without quality specifications, and less technical quality compared ladder industries in Chin.ofatt that many countries have gone through the same experience and exceeded the transitional phase in the economy quietly and smoothly
and the mechanics of implementation are supported and the involvement of the public and private sectors and experts within the central goal
Millionday: NOTE -- THE ECONOMIC PATH IS ALSO TO UPGRADE THE PRODUCTS AND ALSO THE MARKET OF IRAQ -- PROJECTS AS WELL --
Millionday: NOTE -- THIS IS OBVIOUSLY THE TRANSITION PHASE THEY ARE TALKING ABOUT FOR IRAQ AND A MARKET ECONOMY
Millionday: The move to a stable and free economy and the adoption of mechanisms and ways and procedures are clear for all to give a special and leading role of the private sector in the economic wheel administration.
house Iraqi experience and pointed to the possibility of achieving this in overcoming imbalances structures central radical and instructions economic policies, inadequate,
and I think that it can be reached proposal founding body (House of Iraqi experience) independent of the Department of Economic Affairs,
which consists of 50 percent of government experts and 50 percent of the private sector and be this body with an advisory capacity and planning independent linked practically the Council of Ministers and will be headed by a deputy prime minister.
Millionday: NOTE -- THE PLANNING COMMITTEE AND SUPPORT HAS BEEN DESIGNED TO BE MADE UP OF MINISTERS --EXPERTS AND OF COURSE ABADI AND ALL COMMERCE ETC
Millionday: The Alnasiri stressed the importance of the given recommendations the approval of the Council of Ministers to be bound implementation of all state ministries and institutions that are representatives of government experts Specification (craft and Specialization and experience accumulated in all the economy rings both "and competence (agriculture, industry, energy, water resources, trade, financial and monetary),
pointing out that the private sector represented by the relevant experts and researchers and businessmen in various disciplines. stable economy and suggested to be one of the most important functions of body (house experience) the proposed development of mechanisms and contexts, instructions
and reconsider legislation to move the economy from its current state hybrid to a stable economy works the mechanics of the market economy and to achieve national development of Iraq until 2017 and
Millionday: NOTE -- THEY ARE TALKING ABOUT THE MANY WORKING WHEELS OF THE MOVE TO A MARKET ECONOMY AND HOW THEY HAVE IT PLANNED OUT FOR IRAQ –
THE SPECIALISTS ARE MANY AND THEY SEEM TO FEEL RELIANT AND CONFIDENT TO HOW IT ARRANGED WITH ALL THE GOVERNMENT DEPARTMENTS ON BOARD AS WELL
Millionday: including is consistent with the strategies the five-year plan for the years (2013.2017) and is consistent with paragraphs (a, b, c, d of the Third "to encourage a shift towards the private sector) from the government program for the new government
and between Alnasiri importance of industry restructuring state-owned and the shift towards the private sector and the provision of infrastructure infrastructure necessary and the advancement of the agricultural production and livestock,
as well as the development of banking and commerce areas, pointing to the possibility of considering the next four years the stage installation of the foundations of the proper construction of all the economy rings as well as the development of plans and foundations and mechanisms and requirements of the executive and special programs to support and encourage the private sector.
Millionday: NOTE -- THE PLAN IS DESIGNED FOR THE FIRST 4 YEARS TO BE THE MOVE TO A MARKET ECONOMY AND THOSE STEPS DURING THAT TIME TO CREATE THE PRIVATE SECTOR AND PUSH IT THROUGH FOR SUCCESS IN ALL AREAS –
WE READ YESTERDAY THEY HAVE HUGE PLANS IN USING THE TARIFF AND CUSTOMS TO FUND THE GOVERNMENT AND THEY WILL HAVE THE FUNDS FROM THE UNFROZEN DFI AND ALSO HAVE ASKED FOR A LOAN FROM THE WORLD BANK THAT THEY HAVE APPROVED WE WILL READ ABOUT TONIGHT AS WELL
Millionday: HUGE PROGRESS HEADED FOR PROGRESS
Millionday: NOTE -- THESE NEXT TWO SECTIONS REQUIRE YOU TO READ EACH WORD -- WHOOOPOW
Millionday: He stressed that the adoption of the policy monetary and fiscal new lead to comprehensive reform, and restructuring the financial and banking sector of Iraq with emphasis on the restructuring of the government banking sector,
according to what was stated the memorandum signed with the World Bank, and the support of the private banking sector and strengthening of the existing potential, because without sound banking sector can not build a sound national economy.
Millionday: NOTE -- PART OF THE SIGNING OF THE WORLD BANK WAS TO MOVE FORWARD WITH THE ECONOMIC AND BANKING REFORM MOVING TO A MARKET ECONOMY -- SMILE
Millionday: >>>READ EVERY WORD >>>Economic Cooperation and that of its duties propose policies in all economic affairs, including aims to increase per capita income and raise the purchasing power and increase the national income, and draw economic cooperation with Arab and foreign policies of states and including staying balanced foreign economic relations,
as well as developmental and developmental policies for agricultural and industrial sectors of the economy and internal and external trade situation and securing water resources and securing the development of oil projects and overcome the power crisis and its implications kits on the economic situation.
Millionday: NOTE -- THE RAISE IN CAPITAL INCOME IS A COST OF LIVING INCREASE AND THE RAISE IN PURCHASING POWER THEY ARE DOING IS THE RAISE IN THE VALUE OF THE DINAR –
THAT IS WHAT IT MEANS ---- THE DEVELOPMENT OF INTERNAL AND EXTERNAL TRADE IS THE MOVE TO A MARKET ECONOMY (SUPPLY AND DEMAND)
AND MEANS THE OPENING OF IRAQ TO INTERNATIONAL TRADE POLICY AND GLOBAL MARKETS
Millionday: He focused on the need to lay the foundations and mechanisms and propose solutions and treatments to overcome the deficit in public budgets until 2017, and activating the role of government-owned banks, specialized banks and private banks
to provide soft loans to the private sector National as well as finding solutions to the problems of accumulated tax benefits resulting from the owners of the stalled projects for production and the development of short and medium-term fiscal policy solutions.
Millionday: NOTE -- THIS IS THE VERY IMPORTANT MOVE TO .>>>Corporate restructuring and privatization of investigating economic advancement
Millionday: THAT IS HOW TO TAKE AND THE POLICIES NEEDED TO MOVE TO THE GLOBE FOR TRADE AND ALSO START UP THE COUNTRY AND THE PRIVATE SECTOR WITH ACTION AND MOVE FORWARD AS THE CONSTITUTION CALLS FOR IN IRAQ
awesomedtl: but of course they dont say when they will activate these projects and reforms ??
Millionday: THEY ARE DONE TESTING >>>Experiments have preceded us to go beyond the transitional phase
anthonlcs: Who wrote the article
Millionday: Hussein al-Tamimi SPOKEN
anthonlcs: Who is he
Millionday: ECONOMIC EXPERT
Millionday: HERE WE GO
Millionday: THIS HAPPENED TODAY
Millionday: Finance Minister Hoshyar Zebari received at the ministry's headquarters and a delegation from the World Bank, headed by Dr. Hassan Mirza Hassan executive director of the group Iraq and member of the Board of Directors of the bank,
and Bhoudormder the Middle East and North Africa in the bank and director of the Middle section East of the International Finance Corporation and the Director of the World Bank Office in Iraq.
Millionday: NOTE -- THIS MEETING WAS EXPECTED AND IS A HUGE ONE THEY HAVE BEEN WAITING ON FOR THE SIGNING OF THE AGREED LOAN FROM THE WORLD BANK
Millionday: During the meeting, they discussed Iraq's relations with the World Bank has been a review of projects funded by the unfinished Bank and Almtlko them.
The minister called for increased funding for a number of investment projects based on the priorities of the government, and will be the Ministry of Finance approached the Ministry of Planning and the relevant ministries in order to provide a list of the most important basic projects .houdr the meeting, a number of ministry officials and advisers.
Millionday: NOTE -- THIS MEETING WAS TO ALSO HAVE THE HEAD OF CBI BUT I DONT SEE HIM ON THE LIST –
HOWEVER THIS IS THE PLAN OF THE FUNDS THE WORLD BANK IS GIVING SO THEY CAN GET STARTED WITH PROJECTS THAT THEY HAVE TO HAVE TO BEGIN WITH INVESTORS -- ROADS -- ELECTRICITY-- ETC
SO THE LIST IS GIVEN OF WHERE THE MONEY WILL APPLY FOR IRAQ TO BEGIN -- VERY GOOD NEWS
awesomedtl: why wouldnt this buy them more time so they dont have ta rv they will have monies to hold them over than??? havent we seen them borrow monies before to buy them time??
Millionday: WHEN A COUNTRY ENTERS ECONOMIC REFORM OR TO A MARKET ECONOMY THEY DONT BEGIN WITH THE FUNDS THEY NEED THEY ACCUMULATE THEM JUST AS AN INDIVIDUAL DOES -- THIS IS GOOD NEWS AND IS FOR THEIR DEVELOPMENT
foxmulder: head of the cbi interesting not being , there are we going to have to wait for them to remove this clown
Millionday: NO THEY WILL HAVE ANOTHER MEETING WITH PLANNING -- OIL -- COMMERCE -- OFFICIALS AND PARLIAMENT AND CBI
IT IS SUPPOSED TO BE WITHIN DAYS MAYBE EVEN TOMORROW IT WAS SAID TO BE WITHIN A FEW SO WE SHOULD SEE ANOTHER REPORT ON IT -- HE IS THE NEW CBI GOV -- HE IS NOT BEING REMOVED -- TURKI IS RETIRED
vicki: Is the 2015 budget going to take months before it is passed and opened ? and will this effect us in anyway of seeing an rv ?
Millionday: I DONT KNOW WHEN THE REVALUE WILL BE AS WE DONT HAVE A DATE BUT THE 2014 BUDGET IS WHAT THEY WORKING ON TO MOVE FORWARD WITH THEIR REFORMS
Millionday: I AM BRINGING NEWS ABOUT THE 2014 BUDGET NEXT
coco1: Once the loan is approved and signed, do you have any idea how long it would take before they have the funds?
Millionday: I KNOW THEY ARE SET UP ELECTRONICALLY SO HOWEVER LONG IT IS FOR THE DATE THEY HAVE AGREED ON -- WORLD BANK HAS A LOCATION IN IRAQ
Millionday: THIS MEETING WE HAVE JUST READ ABOUT IS DONE AND WAS TODAY
Pablo: Weren't they kinda throwing in the towel as far as the 2014 budget is concerned?
Millionday: NO -- THEY TOOK OUT SOME PROJECTS AS FAR AS EXPENSES PER REPORTS TO AFFORD MILITARY AND ADDED THEM TO 2015 -- THEY JUST DID SOME ADJUSTMENTS
Millionday: HERE WE GO WITH MORE
Millionday: NOTE -- THIS IS ABOUT THE 2014 BUDGET
Millionday: He is an economist necessity that characterized the preparation of the budget realistic in the light of the new changes to be responsive and to incorporate them any "variables" and to the possibilities of the country Almtaddh.oukal
Dr. Qusay al-Jabri Dean of the Faculty of Management and Economics at Mustansiriya University and a professor of economic theory: that the style of the preparation of the current and approved by the Ministry of Budget Finance is not in line with the global changes that have occurred in the preparation of budgets,
where they follow the style old was followed in the twenties of the last century, stressing that the preparation of this pattern is not consistent with the economic crisis and the possibility of addressing the developmental gaps experienced by the country.
Millionday: NOTE -- THE WAY THE BUDGET IS PREPARED IS NOT AS IT SHOULD BE FOR THE CHANGES TO A MARKET GLOBAL ECONOMY --
Millionday: called Jabri to the importance of openness and the Ministry of Finance on higher education institutions and call specialists in this area and prepared not be limited to representatives of the Ministry of Finance accompanied by Dharoroh make goals and programs of the budget, not the budget items based class basis on oil revenues, which inherited outdated, he said.
Millionday: NOTE -- IT DOES NOT HAVE BASIC GOALS LISTED TO ACHIEVE AS A GLOBAL BUDGET WOULD -- IT IS MORE JUST THE REVENUES AND EXPENDITURES
Millionday: and repeat Jabri say necessity ITSAM budget realism, pointing out that preparation falls according to scientific topic, whether at the level of the national development plan, or at the level of preparation of the general budget of the state,
explaining that its dependence on oil revenues in the doors of spending, which is unstable variable without taking into account changes in oil prices, with evidence that the price of oil change of $ 95 per barrel to $ 70 per barrel and perhaps will drop more than that, a price which is not subject to the wishes but realism.
Millionday: NOTE -- THEY HAVE TO HAVE A GLOBAL MARKET SCALE PER MARKET DRIVEN OIL PRICES THAT ARE BY THE GLOBAL MARKET AS THEY ENTER THE GLOBAL MARKET
Millionday: and pointed out that the spending process is the other must be realistic pointing to the importance that the ministry take them out in the face of spending in this fierce war with enemy abnormal and unnatural
and therefore requires that the shift of resources from the peaceful and developmental uses to military uses of this Agreed to spend either to spend large sums of money without the point right this is what is called Blawaqaah in spending and possible influence in the state budget a significant impact and lead to the consequences of dire consequences.
Millionday: NOTE -- IT HAS TO ALSO BE REALISTIC AS IN CERTAIN AMOUNTS ALLOTTED TO EACH DEPARTMENT FOR THE ACTION TAKEN AGAINST TERRORISM AND THEN ADJUSTMENTS MADE AS WITH ALL COUNTRIES
Millionday: and noted that the operational and investment budget should be is the other on realism as it does not exceed the best of its 30 percent investment budget include and if we take the subject of realism into account, they exaggerate the customization does not fit in with its revenues,
stressing the need to refrain from pushing big expenses in the budget are not able to dispensing or obtaining revenue negatively affect them.
Millionday: NOTE -- THE INVESTMENT SECTION IS NOT REALISTIC EITHER -- SO THEY NEED TO MAKE SOME ADJUSTMENTS TO THE AMOUNTS AND PLACE % IN THEIR BUDGET
Millionday: NOTE -- REMEMBER AS THEY MOVE TO THEIR REFORMS -- CHANGES WILL OCCUR
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