Post From Dinar Updates By Rudie -- Part 1 of 2
Comments may be made at the end of Part 2 Thank You
Millionday News 1/25/14
[millionday] first i want to say that very very early i came in the sec the chat opened and had two reports that are in the forums with my notes but - i want to give you some things from it
[millionday] first of all the goal from these reports is many many things and well worth the read but they are placing the trained employees where they are trained for their part in the economic reform and banking reform and advancement and
[millionday] they are placing the trained employees where they are trained for their part in the economic reform and banking reform and advancement and
[millionday] the huge huge goal that really has us all looking hard is that they are planning on the active membership for the wto ----------------the coming month
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[millionday] they reported that they have completed the joining of the public and private sector as far as for the market and the economic reform
[millionday] these announcements that are in these reports conclude that they are prepared for the economic reform – however i would say after the parliament meeting and its agenda is their goal --
[millionday] now know that we watch the ink and this means that they are stating that they are prepared on multiple levels but we will watch the action --- they announced they have begun the development process for the economic reform - smile
[millionday] the first thing on the agenda for parliament is the budget - this news report is about that very same budget -- so here we go
[millionday] Salem , the "morning " that the budget programs and operating performance or impose reconsidering the organizational structure of the administration of government in proportion to the good performance in the implementation of programs and activities contained in such budgets .
He said it was the product of the first attempts to develop a budget, traditional , and working to reduce corruption through the imposition of censorship subsequent exchange and allowing the Board of Supreme Audit evaluates the efficiency of the performance and spending units , indicating that it reverse budget items which are hampering the process of economic reform in whole or in part
[millionday] note -- they are making it clear that they want the budget in place before the money begins to move for projects so that the Supreme Audit can keep track of all funds to ensure its legitimate use
[millionday] , noting the 2014 budget is the budget items are based primarily on the basis of monitoring of allocations and the distribution of oil revenues on the doors of various spending without taking into account the feasibility of this spending and the balance of the revenues compared Pkfatth him
Efficient performance and repeat the Salem say that balancing the programs concerned with the efficient performance in the field of planning, especially in the long term as well as it is flexible as it allows ,
[millionday] note -- He is saying that this budget will be a true test of the ability as they have it set up to fund the country and follow the new procedures as in the reform as written for the planning of the New Iraq
[millionday] , depending on the ways and alternative solutions for the implementation of programs and objectives in the event of delay or failure to spending units in their implementation in accordance with the mechanisms designed to implement them originally ,
He pointed out that it constitutes the basis for entrance pattern as well as the more advanced it is the general budget gender responsive .
Future plan and hinted that the budget is a plan future use as a planning tool and control aimed at optimal use of the potential of physical and human development as much as possible of the resources to achieve the progress of society , as well
[millionday] note -- they are saying that it is not set in stone but that they will be monitoring its success as they go -- it is a tool is the announcement he is making --
[millionday] as being a means of evaluation of performance by comparing planned and executed . He noted that one of the federal budget is the first of the Iraqi economy because the clauses governing all walks of joints economy and more than two-thirds of GDP is public sector and either the remaining third is representing the private sector ,
which depends on the liquidity of the public sector ( as institutions and individuals ) . Improve the sustainability should be noted that improving the financial sustainability and increase production highlighted the priorities of the budget in 2014 ,
where the government has within its policies as part of its strategic six axes: " increase the productive capacity and competitiveness of public and private institutions , and to increase oil and gas production to improve financial sustainability , as well as the upgrading of services and social care citizens .
[millionday] so they are saying that the strategies is with six items -- ability to produce more --- be competitive in the country and also in trade with the globe -- increase oil and gas exports and production
[millionday] and of course the goal is to provide what the citizens need in benefits for the needy etc
[millionday] so as we know -- that is also the goal of the economic reform -- so very interesting to say the least how they reported this portion of the budget planning brb with more
[millionday] this is a huge report but i want to show you some of it here we go >>>> Hussein al-Tamimi Tgb announced the General Authority for buildings implementation of 163 projects in various disciplines and the generality of the provinces within the annual plan for last year ,
where he was employing its capabilities in the implementation of projects, the quality of the adoption of new mechanisms aimed at the development of the construction sector and Reconstruction ( according to a source in the Authority ) .
Director General of the Public Authority for the building of the Ministry of Construction and Housing Engineer Hussein Majid Hussain said in an interview ( morning) that the implementation of the projects
[millionday] the quality of global specifications required precision micro represents one of our goals key , pointing to the possibility of accessing it through the advancement of Bkivaouatna levels work best budget plans .
He Hussein that the authority has implemented projects within its jurisdiction in most provinces numbered (163 ) projects and projects include plans for the budget and investment projects, supervising engineering where the number of the investment plan undertaken by the RTA (87) projects ,
while the number of projects , which oversees the Commission on the implementation ( 76) project and the cost of more than 362 billion dinars
[millionday] they are making it a priority to meet global specifications in their engineering
[millionday] the report goes on to say that their plans are of course much more success this year but also they are sending people out of the country to learn the global specifications ---
[ROBINREDHED] that is great news
[millionday] Iraq is planning to be a huge hub of success in many areas -- however to finally get some expertise in there to construct properly -- is great news i agree brb with more
[ROBINREDHED] they actually plan on being a thriving nation again
[millionday] i think they have huge plans too --- they have moved in so many directions the news is busting at the seams -- smile
[millionday] here is the beginning of one of the reports i commented on early today -- and also many of our mods and leaders have as well --
[millionday] Mostafa Hashemi said the director of the Department of Banking, Ministry of Finance, Dr. Hilal Taan that Iraq's budget for 2014, which is very positive and is allocating 40 percent of them to the side of the investment, something that would improve the economic reality and service and social.
positives budget He added in a statement (morning) that positive things are also in this budget is the pressure of operating expenses to 64 percent and reduce Alaivadat and prevent the purchase of furniture is necessary and cars made this year's budget is going in the right direction.
[millionday] the economic reality is what we are waiting for and they are saying loudly -- it is in the 2014 budget ---
[Itoethatsme] what phrase can i ask says that?
[Danalivin4HIM] Pass the budget Tuesday*
[ROBINREDHED] so this next week they are looking at the budget, correct?
[Itoethatsme] 40% to set aside for the investment is that the line*
[ROBINREDHED] millionday what phrase can i ask says that?
[millionday] economic reality is what they are capable of and what they are truly valued at -- the reality rate that goes along with this will change the international rates to what they should be and place them on the market --
[millionday] they will make the dinar a product with a reality price --- they dont say when except with them planning on having this done by next month to be in the wto -- that is as close as we have gotten to a guess -- but remember this is iraq so hold your seat and your jobs until we see the ink --
[millionday] do not miss any news at all --- smile brb with more news
[love it 2] i apologize .. but did i miss the WTO not happening in Dec. as predicted ?
[Fishheads] love it 2 did ya see it happen?
[love it 2] Fishheads obviously NOT ...* *and they said also it was a 6 month window before happening again correct ?
[radronin] Forgive me MD, but do we know for a fact that the Reality Rate is needed prior to rV? Thank you for all you do!!
[Fishheads] love it 2 they have said lotsa stuff that hasnt happened
[radronin] I meant prior to WTO ascension...
[Richard Incrocci] Fish and they have done lots of stuff they never said they were going to do
[love it 2] Fishheads Amen to that* *
[ROBINREDHED] millionday Forgive me MD, but do we know for a fact that the Reality Rate is needed prior to WTO ascension? Thank you for all you do!!
[millionday] the december meeting with the wto was for their accession -- however -- they had to send final accounts and some other papers they did not fulfill what they were required to do per the application
[love it 2] millionday so i guess we wait the additional 6 months for WTO acceptance ?
[Flower] Interesting...thank you MD!
[millionday] the reality rate is needed before the accession because it is for world trade and the currency is part of that transition -- trade can not be done and gold can not be sold , oil etc -- if it is not at a competitive and reality price that is set for trade throughout the globe
[Flower] MD that is really good!
[radronin] Real good !!! For Feb too!!
[millionday] the wto gives their members the opportunity to bid and take part in trade agreements and production -- exports /imports -- etc so they have to economically be set as macro economics requires at a reality rate ---
[Richard Incrocci] MD....There is a lot of talk about Congress and the US holding several $T in Dinar...any truth to that that you are aware of?
[millionday] Richard Incrocci i dont know hun
[Richard Incrocci] Thanks doll
[millionday] i have seen the reports but not from sources that we use and have verified
[millionday] yw all the time hun
[millionday] that does not mean it isnt true -- just means i dont know -- smile
[Richard Incrocci] MD....I would surmise that if this is a global event that involves several countries that we would be one of them..
[millionday] here we go
[millionday] Richard Incrocci i agree -- i loved when they referred to it as the event --
[ROBINREDHED] let me know when you are ready for the next article and we will shush
[millionday] it will effect the entire globe so that in my opinion is why we are seeing the hustle of so many to get their ink on some paper
[millionday] k -- ready
[Flower] MD does the budget need to go in the Gazette paper?
[millionday] it will be posted but it wont be as a law - so i am not sure if it would be in the gazette -- i will research it hun
[millionday] no sorry necessary hun -- smile
[Flower] thank you...