Millionday news 1/22/14 Post From Dinar Updates By Rudie Part 1 Of 2
[millionday] here we go smile lots of news tonight
[millionday] Tuesday will see a meeting of the Presidium of the Council of Representatives and the heads and representatives of parliamentary blocs to discuss the general budget bill before the start legitimizes. comes at a time in which he called deputies to the need to leave the differences and initiate passage of the budget for its importance and its relation to the situation of living and the services provided to citizens,
as requested Governor Basra cabinet modified paragraph oil revenues public budget for the provinces of oil from one dollar and make $ 5 for every barrel of a product or manufacturer.
[millionday] note -- great news for them -- they are moving to the 5$ it looks like
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[millionday] Said a parliamentary source for the "morning": that he was "ahead of a parliamentary session next Tuesday will hold the Presidency of the Parliament meeting with Heads and representatives of blocs to discuss the draft general budget bill for the year 2014.
the source added that "the meeting will decide to start legislation of the law after considering the points of contention regarding the obligations of the Kurdistan region to export oil and allocations of petrodollars, and other other things."
However, the decision of the House of Representatives Muhammad Al-Khalidi guessed yesterday Wednesday, return the budget to the cabinet because of the large number of problems on them. Khalidi said in a press statement:
[millionday] "We rule out the adoption of the federal budget for the year 2014 at this time, because of the many problems that exist where", calling for "the need to agree on the aim of approval".
"He "The solution to the problems between the province and the government will make it easier to pass the budget," noting that "there is another problem facing the budget, an issue that the share of oil-producing provinces five dollars while the government has allocated one dollar for these provinces."
and budget amounts to the year 2014, according to a copy of the draft budget obtained by "Morning," more than 163 trillion dinars, of which more than 62 trillion dinars for the expenses of projects and
[millionday] wow i would say that would be a problem
[millionday] more than 98 trillion dinars for current expenditure, was also monitoring the amount of $ trillion and 700 billion dinars for capital expenditures, and was allocated 150 billion dinars as a reserve of emergency, as calculated revenue from export of crude oil on the basis of the average price of $ 90 per barrel at the rate of export of three million and 400 000 barrels per day, including the amounts of crude oil produced in Kurdistan.
[millionday] now this makes sense
[millionday] "It is hoped to be approved two important laws during the next term, namely the budget and the Unified Retirement Law, and either other laws, it is not expected to endorse because of differences political and what is going through the country and the approach of the elections. "
and said in a statement the" morning ", said the budget bill will face difficulties in the approval because of differences over the demands of the Kurds who want to obtain, which is" increasing the budget of the province and get the allocations and revenues of oil companies and increasing allocations Peshmerga .
[millionday] note -- now remember there are differences of opinion on the budget -- and with its meaning to our investment
[millionday] i dont see why not having it in place would be the hold up for the economic reform or for the removal of the three zeros and banking reform --- many countries sit without one in place including us so -- that is my feelings of it brb with more
[millionday] These differences or without that there will be a preference for any party at the expense of the other, especially as there are a lot of provinces and consider affected because they did not get their rights logical than its share of the oil. "
[millionday] a few key notes on this
[millionday] >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> MP Abdul Khader Mehdi Taher said that "the budget arrived at the House of Representatives late. said Taher said in a statement the "morning", that "this delay put the House of Representatives in front of disarray too, and if passed it without scrutiny will have passed incomplete."
and explained that "the most prominent problem in the budget lies between the province and the center It's oil exports because the consequences of Finance is very large. "
[millionday] In turn, confirmed that a member of the Commission on oil and energy parliamentary Susan Saad need to take practical steps to put pressure on the House of Representatives to amend the General Budget Law for the year 2014.
said Saad in a press statement: "Upon the resumption of meetings of the Council of Representatives will be coordination between the members of the council of the oil-producing provinces to include the rights of these provinces in the general budget,
"pointing out that the Council of Ministers voted on the budget and ignore the application of Article / 44 / in law / 21 / amended, which provides for the granting oil-producing provinces / 5 / dollars per barrels of oil product and / 5 / dollars per barrel of oil refined, and / 5 / dollars per / 150 / m 3 of gas.
[millionday] so this is a great idea -- she is saying that if there is an issue -- everyone needs to be in the same place at the same time but that the ministers have already accepted it
[millionday] what the first speaker said was that they hurried through and didnt read it --- silly and of course just trying to make a strange point ---
[millionday] The governor of Basra Majed Nasraoui Council of Ministers to the need to amend paragraph oil revenues public budget for the provinces of oil from one dollar and make $ 5 for every barrel of a product or factory.
[millionday] so as we see -- they are working on the original agreement that was made --- not a good start to say the least
[millionday] obviously the call for amendment will be met -- so brb with more news -- and remember this is Tuesday coming
[millionday] i know many of you have seen this but i want to make sure that everyone has seen this
[millionday] it is going on right now
[millionday] Profound political, economic, social and, above all, technological forces are transforming our lives, communities and institutions.
Rapidly crossing geographic, gender and generational boundaries, they are shifting power from traditional hierarchies to networked heterarchies.
Yet the international community remains focused on crisis rather than strategically driven in the face of the trends, drivers and opportunities pushing global, regional and industry transformation. “
The Reshaping of the World: Consequences for Society, Politics and Business” is therefore the thematic focus of the World Economic Forum Annual Meeting 2014. Our aim is to develop the insights, initiatives and actions necessary to respond to current and emerging challenges.
[carpet] have a question when you have time
[Richard Incrocci] MD...received info about budget if you would like me to post when you're ready...
[millionday] i will let you know when i get to the end of what i have and then we will look at it hun -- remind me if i forget please here we go
[millionday] Demanded the parliamentary Finance Committee, the Council of Ministers to speed up the ratification of the new banking law to turn it into the House of Representatives for the purpose of discussion and voting on it.
Said committee member: The Banking Act new completed long ago by the Central Bank of Iraq and was sent to the State Council for the purpose of discussion, but so far have not been converted to the parliament to read it and vote on it.
[millionday] He added: Banking Act current number (94) in 2004, was tainted by a lot of mistakes and works according to banking systems old classic, pointing out that the new law carries great advantages which he can develop the Iraqi banking sector,
because I model in accordance with the developments in global banks. He called capable of: the presidency of the Council of Ministers to speed up the ratification of the Law of banks to turn to parliament to allow him to discussion and approval.
[millionday] now this is exactly what we are looking for -- the reason i say that is this -- yesterday we read all about how they are going through the reform laws to look for any loop holes ---so what we see here is very very exciting because
[millionday] we see they are saying they are in a hurry and need it right away and it is for the the new laws they have ready are for global banking success
[millionday] and this means whooop whoooop and a huge yay
[tbob] whooooop whoooopp yay!!
[Danalivin4HIM] will this be on tuesday as well?
[Richard Incrocci] Whoooop whooooop
[millionday] so it was finished a long time ago and we were not wrong in saying that -- they finished it and then they threw it on someone's desk and there it remained
[millionday] so it is also true -- we should have gone over there and looked through things to make sure they had it all in front of them -- smile
[Domino] millionday What was finished?
[j10000] maybe the rv is under some papers on that desk!
[millionday] Danalivin4HIM with parliament demanding it is sent to them -- i would expect it to be if not sooner (sorry for the cuss word)
[love it 2] millionday i went over there..and never SAW a thing ...* *
[tbob] soon -- in the coming period -- next* *
[j10000] love it 2 glasses
[millionday] Domino the new banking law for global banking -- the old one doesnt support the new banking or the global banking -- (reform)
[Danalivin4HIM] millionday Thank you* *
[Domino] millionday TY
[millionday] j10000 i think we should just go --- i have no trust left after this*
[Richard Incrocci] All in time for the banking summit
[j10000] lets bus it!
[millionday] Richard Incrocci very very interesting dont you think ? hmmmmm
[millionday] yw all the time
[millionday] brb with more