Welcome to dinarupdates.com for Millionday News Time! Post By Rudie Part 1
[millionday] i am going to load some here about the parliament
[millionday] MP, of the Turkmen Front, Hassan Auzman said House Speaker, Osama al-Nujaifi decided to hold a parliament session on next Sunday. He said in a press conference today: "The head of the House of Representatives decided to hold a session for the Parliament next Sunday and the budget law will be added to its agenda.
Nujaifi called on all MPs to attend the session because there is no any excuse, and the budget bill will be added to the agenda and the name of absentees will be announced in the media
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[millionday] sounds like they are talking majority vote -- so we shall see brb with more
[millionday] this was emailed to me >>>> A British newspaper, revealed an increase in the number of investors in Iraq despite security incidents because future rates of growth of GDP, with eye to double Iraq's oil production over the past 30 years,
the Iraq stock exchange market witnessed record growth compared with the region's markets, expected to arrive in 2050 to 2 trillion dollars.
[millionday] British Financial Times newspaper published a report prepared by the FMG Research Foundation on managing money and trading markets in the world and seen it (term),
"despite security incidents affecting Iraq, venture capitalists and bankers who invest their money in the adventures the country attracted by oil wealth and potential for future growth to the country's national GDP."
[millionday] note -- this is saying that they are investing in Iraq and also seem to be very interested in the stock market as well -- smile
[millionday] She added that "there are many aspects remained elusive in this country and Iraq has succeeded over the past three decades to double oil production tripled in arriving at an annual growth rate of its GDP by 10% with increased capital market securities tripled in three years.
The newspaper said in its report quoted American Foundation "in the Iraq market for securities of large investment because the security situation has no effect on the process of buying and selling stocks, saw record growth quickly not seen in competitive markets in the region dominated by mobile phone companies and banks banking shares.
[millionday] note -- that is very true -- they can enter their stock market and there is no risk -- the security of your home is what that would be -- very interesting point and we like it '
[millionday] The report said that "among the 82 company registered in Iraq market for securities, 21 of which are private banks where money in business ventures in the country."
Quoting Al-serafi Merle laing from Bank of America as saying that "the Iraqi economy could increase three times its size by the year 2024, with Citibank Bank predicted that the country's budget" about 2 trillion dollars by 2050 it will become one of the largest oil exporters in the world.
[millionday] nice to see American banks talking of the investment opportunity
[millionday] The IMF predicted a "likely take Iraq to five trillion dollars as revenues from oil exports for the period from now until the year 2035. The Central Bank of Iraq estimates confirm that the expected annual growth rate of the country's GDP grew by 5.8% until 2016.
Reuters Iraq promised to restore classified as "faster" oil exporter in the world, with its Libyan oil customers after its equipment ", while the rehabilitation and development will allow Iraq to export 3.4 million barrels by 2014, with an average production of four million barrels, are expected to raise OPEC's rivals.
[millionday] huge huge projections for the economy -- very nice
[amose02] Have ? About budget article --There are several articles out today w confusing dates as to when there mtg. Do you have any clarification
[millionday] with the time difference i am under the impression that they were discussing today -- i cant imagine with the constant work that they ar waiting a week -- but will look further and report for us
[carpet] Do you think M and b are getting any closer to a agreement?
[millionday] yes i do think they are getting closer to an agreement -- they are working it out it appears
[millionday] thank goodness brb with more
[dovi] I think we'll see it work out as elections draw nearer
[millionday] here we go >> ] Denied the Kurdistan Regional Government reports that agreement the province with Baghdad over oil exports through the Iraqi National Oil Company "Sumo" Despite the announcement of the Deputy Prime Minister for Energy Hussain al-Shahristani for agreement on the matter.
said government spokesman Svien Dzia in a statement received by the Agency news news (et) a copy of it there was "no agreement between Baghdad and Erbil to export oil from the region by oil marketing company of the Iraqi National so far."
[millionday] He explained that "the Kurdish party introduced three weeks ago, a set of proposals to the federal government," adding that "the provincial government awaiting the answer Baghdad since then."
However, the statement that "Baghdad has not responded to the proposals so far," denying "any visiting delegation from the province to Baghdad."
[millionday] He added that "no official meeting has been held between the representatives of the province and the Federal Ministry of Finance yesterday," noting that "Baghdad had demanded that Kurdistan with some information on the budget and the deficit in it."
The statement continued that "the Arbil by the Coordinator of the provincial government in Baghdad and the Ministry of Finance to provide the federal government with the information required."
[millionday] so this is saying that the federal government has asked for information on the budget for the kurds and also what they have as a deficit etc -- they have not received it yet but with the news of the budget on the agenda we would assume that some advancements have been made with that so we shall see
[jimplants] ? does parliament need a quorum or a majority
[millionday] with what is being said -- they are being told that they need to be there and their names will be listed (kurds) so that implies as before they are going to use majority as they did before –
i would like to get more on it and see what their plans are but it seems that they have done this before and we got majority
[millionday] i hope majority -- i am sick of them not showing up and holding it up for the people -- even though the raise in the rate and the rates being shown by cbi is part of the monetary reform and can be done without a budget in place
[crank7] If the budget was discussed today then we should know something tonight in their news?
[amose02] There's an articles out of agenda on tues saying SECOND reading of budget. Do you think it's true???
[millionday] crank7 i agree -- so it looks as though they may be discussing throughout the week or next sunday but why would they announce that now? -- it is confusing so i will find more on it within the next couple of days
[millionday] amose02 that would imply that they have reached an agreement and they are gong to vote it in with the agreement -- we shall see -- tuesday will show us a lot
[amose02] Let's hope!!!
[OOTW] I believe the second official reading is on the 18th..I sure hope they don't leave the Kurds out this time
[millionday] i agree
[millionday] here are some comments on the subject >> - Warned Ahmed Chalabi of the Iraqi National Congress, on Saturday, to act in public money out of the federal budget from approval in the House of representatives,
saying it threatens the unity of Iraq and the democratic system, as compared with Barack Obama's experience with Congress a few months ago while the u.s. budget was delayed, the Government was forced to borrow and the demobilization of personnel, without the dare over the legislature.
[millionday] Chalabi's comments came days after the Government confirmed it would proceed with the disbursement of funds of the general budget for the year 2014, "even if approved by the House of representatives."
And many political blocs to general budget contains significant gaps, and that the Government deliberately sent in its current form to embarrass Congress and held responsible for blocking the adoption of the budget.
Parliament showed "the range", last week, the arrival of new amendments and additions to the draft budget, which was sent to Parliament recently, including allocations for reconstruction of Anbar.
[millionday] note -- nice so here we see what has changed -- it is a response from the threat of just starting distribution without a budget --
[millionday] In SMC "range", says Congress leader Ahmad Chalabi, the Financial Administration Act and the public debt of Iraq shall be liable to a criminal penalty of disbursement of money from the General Treasury account outside the federal budget ".
Chalabi, "spending outside budget involves illegal and unconstitutional, because the Constitution stipulates that expenditure must be through the adoption of the budget," he said, adding "there is a political problem is that executive power to defy the legislature and seeking exclusivity."
[millionday] true but it did get a rise out of them -- smile
[millionday] And the National Alliance leader stressed that "delays or inaction the legislature to approve the budget do not allow and justify that the Executive power to override the Constitution."
Chalabi said the United States faced a budget crisis months ago between the White House and Congress, when not a last resort on the budget presented by the US administration,
"adding that the US administration remained" borrow and spend that ended their ability to borrow and started laying off staff then came Congress and agreed to increase the lending ceiling for the administration of President Obama of spending ",
noting that" the US Administration has threatened to bypass Congress and divert public funds outside the budget. "
[millionday] And the leader of the Iraqi National Congress to "control public spending is one of the most important responsibilities of the legislature", pointing out that "the Parliament is allowing the Government to spend money, and shall never be alone by the Executive and the legislature.
" Chalabi warned that encroachment on the Constitution, stressing that "the floor will be open to others, and they are many, to override the Constitution, saying it" threatens the democratic process and threaten the unity of Iraq. "
[millionday] this is huge for the citizens to hear when they are new to the democratic process and see that it allies to all that are under the umbrella of Iraq
[millionday] Disagreements between Baghdad and Erbil to Tehran to refrain from providing balance without compromise, responded by cutting the salaries of staff in the Kurdistan region,
to put pressure on the Kurds to export their oil through SOMO controlled by allies of Al-Maliki, while demanding Erbil by involving all the provinces in managing the national oil company.
[millionday] He said Al-Maliki, in his weekly Wednesday, that "the block-House budget and found ourselves before a constitutional responsibility and entitlement gives us the right to act and to move even if the House approves the budget so we decided yesterday in the Council of Ministers unanimously that we are going and we will drain funds for the implementation of many of the requirements and needs of the Iraqi people."
[millionday] note -- as we know that did not go over well at all -- smile
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