Welcome to dinarupdates.com for news time with Millionday! Part 1
[millionday] HERE WE GO
[millionday] LETS START WITH WHAT IS GOING ON WITH THE BUDGET
[millionday] Called on the Finance Committee in the House of Representatives, on Sunday, sending the government to expedite the budget bill to parliament, and while the government has confirmed that it gave "a week" to be sent to Parliament, ruled out merging the budgets in 2014 and 2015.
A member of the Finance Committee Mazen Mezni said in an interview, (long-Presse), "We had a meeting last Wednesday within the Commission to study the budget, and there was a desire for the approval of the budget in the coming days,
noting that" the Commission has sent four books of the ministries of finance, planning and oil and central bank demanding complete formulation of the general budget. "
[millionday] NOTE -- THEY HAVE DIVIDED IT UP THIS TIME TO THE CORRECT DEPARTMENTS WHICH IT SHOULD BE
[millionday] He added Mezni that "the Finance Committee gave the government a week to return the budget to parliament and to respond to the letters in order to read a first reading and a second and then approval," following up "no legal basis for the integration of Almoisntin budget in 2014, 2015 and must approve each budget separately."
He said a member of the Finance Committee that "the Commission is now awaiting official reports to the Ministry of Finance to see the size of the budget.
[millionday] For her part, member of the Parliamentary Finance Committee Najiba Najib said in an interview to the (long-Presse) that "the Committee awaiting a response from the government on the budget, adding that" the government is still in the process of formulations final draft of the budget for fiscal 2014, and we expect the government sent to parliament ".
Najib and showed that "the government calculates the income and expenditure for the calculation of the amount of the budget, expressing the hope that is allocated sufficient degrees to graduates.
[millionday] NOTE -- PARLIAMENT MEETS TOMORROW AND TUESDAY
[millionday] The Iraqi Council of Representatives earlier, ended in (12 March 2014), the first reading of the budget bill's fiscal 2014 current, without being able to complete the second reading of the draft because of not being able to hold a full quorum as a result of political pressure.
The previous cabinet, a voice in (the 15th of January 2014), to approve a bill the federal budget for the Republic of Iraq for the fiscal year of 2014, and forwarded to the House of Representatives based on the provisions of Articles (61 / I and item 80 / item II) of the Constitution, too late for schedule more than one hundred days.
[millionday] NOTE -- AS WE SEE THEY WERE RESOLVING ONE ISSUE AGAINST THE CONSTITUTION AT THAT TIME
[millionday] He also states that the current parliament in the form, (the 23 of July 2014), a temporary committee to study the financial budget for 2014, the current importance in the walk matters of state and provide services to citizens.
The federal budget for 2014, the current, "most of mine," left by the previous government of Prime Minister Nuri al-Maliki, under the chairmanship of the new, Haider al-Abadi, and as one of the obstacles "chronic" the relationship between the federal government and the Kurdistan region
[millionday] SO AS WE SEE THE ISSUES AT THE END OF WHERE THE BUDGET WAS LEFT FROM PREVIOUS GOVERNMENT WAS THE ISSUE WITH THE KURDS AND FEDERAL –
SO NOW ABADI HAS MET WITH BARZANI AND THEY HAVE RESOLVED SO WE ARE IN A VERY GOOD PLACE WITH THE BUDGET AND IT IS EXPECTED TO PASS
[slh5282] so does this appear to have the budget in process to be complete and open by 10/1
[millionday] ACCORDING TO WHAT THEY ARE SAYING IS THIS WEEK WILL SEE A VOTE FOR THE 2014 BUDGET ---
SO THAT WOULD ALLOW THE TIMELINE TO BE REACHABLE AS THEY HAD ANNOUNCED AS THEIR GOAL
[millionday] I DID SEE A REPORT ALL ABOUT THE BUDGET AND IT IS IN THE BILLIONS
[millionday] SMILE -- DOES THAT HELP OK BRB WITH MORE
[millionday] HERE WE GO -- I DONT KNOW IF I WAS ABLE UNDER THE UPDATES TO SHOW YOU THE NEW GOALS OF TRADE BANK OF IRAQ -- I MEANT TO SHOW YOU YESTERDAY
[millionday] Our mission and our vision of the future Vision TBI governmental financial institution pioneering work globally to develop and support the regeneration of the Iraqi economy.
Facilitate trade and increase funding for the Iraqi private sector through increased international awareness about the potential of Iraq and through the development and development of the Bank's operations and partnerships outside of Iraq.
Our goals Develop our services and building effective communication channels in line with the latest in the world, our processing staff to provide these services effectively and highly professional, and fostering a climate of administrative minuteness the full implementation of the principles of corporate governance and organizational excellence.
[millionday] SMILE -- THE GOAL IS TO BRING THE COUNTRY AND ITS ECONOMIC CHANGES TO THE GLOBE -- SOUNDS GOOD TO ME
[lstar877] Its really a comment. ..Woopow thats amazing news millionday!!! Billions not trillions! Wow October is our month!
[millionday] HUGE DIFFERENCE -- SMILE
[hstrymknwmn] regeneration of the Iraqi economy.......I like that a LOT!!!!
millionday] hstrymknwmn I AGREE --- READY TO GO IS HOW IT SOUNDS FOR BANKING -- LOVE IT AND THEY HAVE ALL SWIFT CODES READY -- BRB WITH MORE
[millionday] Council demanded the province of Basra's oil minister, Adel Abdul-Mahdi, known Bmih pattern of decentralized management, the involvement of local government in the negotiation processes on contracts concluded by Iraq with global companies, in the oil and gas sectors,
calling for a review of "all transactions" that have passed without taking her mind since 2009, and the involvement of Government Basra in detail, saying it is the minimum of the concept of joint management as provided for in Article 112 of the Constitution, while officials said they want to view there as well as in the operations of oil pricing, and partnership in the Board of Directors of Sumo.
[millionday] NOTE -- THEY ARE SETTING THE OIL PRICING FOR THE CONTRACTS THEY HAVE IN PLACE -- SHOWS THE ACTION COMING TO THE CONTRACTS -- GLOBAL AND NOTICE THEY ARE THROUGH SUMO
[millionday] For his part, the oil minister, who is visiting the province since Saturday, it was necessary to develop all sectors in Basra, is the most important oil wealth and the ports sector and trade lines navigational and international routes by land, and petrochemicals, and the development of the social situation and the population and make Basra, the capital of Iraq's economic development.
[millionday] NOTE -- BASRA HAS OFFICIALLY BECOME IRAQ`S ECONOMIC CAPITAL
[millionday] NOTE -- BASRA IS LOADED WITH OIL ---
[millionday] And operates all oil companies a giant in the fields of Basra since 2009, and has achieved a breakthrough productivity and clear, also contributed to encourage the rest of the capital to flow into the city significantly,
in the transport sector, tourism and housing, despite the fact that it is still in its infancy, but the province is struggling to get political influence ensures its new powers required for any expansion of development,
which complain always of their inability to spend its budget, Finance relatively large (about three billion dollars last year can be multiplied by the new laws), due to bureaucratic constraints deficit of 5 conservatives successive administration of Basra, about overcome
[millionday] NOTE -- THEY ARE PUSHING AND MEETING FOR THE CURRENT BUDGET -- THEY OBVIOUSLY NEED IT OPENED AND DISTRIBUTION DONE
[millionday] NOTE -- THEY ARE WORKING TOWARD HAVING THE OIL PORTION OF GDP TO THE 70% RANGE
[millionday] The Chairman of the Energy Committee in the Basra Governorate Council Ali Shaddad, in a statement to "long," and that the oil minister, Adel Abdul-Mahdi, who is visiting Basra, conducted several meetings and meetings with the directors of the oil sector.
He said Shaddad that the minister's visit, which has weighty political and belongs to block the citizen which belongs to the conservative Majed Nasraoui and adopt a modern concept in the administration, unlike the previous government,
is the first step "for dialogue and convergence of views between the Governments of Basra and federal, on the topics of oil," pointing out that visit schedule included meetings of local government in Basra with the federal Oil Minister, to discuss the issues of oil.
[millionday] NOTE -- FINALLY THEY ARE WORKING TOGETHER -- THIS IS A HUGE SHOW OF PROGRESS
[millionday] He added that "the most important points that are being discussed with Abdul-Mahdi, the rights of the province of Basra oil stolen ten years ago, including the text of the Constitution in Article (112) in the management of oil fields, joint management between the center and the producing provinces."
The article mentioned that "The federal government will administer oil and gas extracted from current fields with the governments of producing regions and provinces ..
The federal government and the governments of producing regions and provinces together will draw up the necessary strategic policies to develop oil and gas wealth.
[millionday] NOTE -- REMEMBER ALL OF THIS IS NECESSARY FOR THE OIL PROCEEDS DISTRIBUTION ---
IT IS FOR THE PROVINCES THAT ARE PRODUCING AND DISTURBED IN ANY WAY BY PRODUCTION THROUGH FARMING OR ANY LAND PRODUCTION NORMALLY DEPENDED ON
[millionday] The member of the provincial council, to the "paper of our work include activating the role of local government in licensing rounds concluded by the Ministry of Oil in our province," calling to Basra with the involvement of the federal government to conclude oil contracts.
He said, "What we want involve us in reviewing service contracts, production and investment for oil and gas as stipulated in the constitutional article (112) First, as well as to involve us in the preparation and organization of the issue of pricing oil source."
[millionday] NOTE -- THIS IS COMPARABLE TO JUST HAVING A FEDERAL BUILDING IN THE PROVINCE AND CONTRACTS AND REGULATIONS AVAILABLE ECT
[millionday] PRICING MEANS THIS IS OBVIOUSLY FOR GLOBAL EXPORT IN THE MARKET -- SMILE
[millionday] Prior to the Bozrah that supported the initiative launched by the Kurdistan region earlier this year, included the expansion of the Board of Directors SOMO to export oil, to represent it every oil-producing provinces, saying it was ready to export oil Kurdistan across the company if the check this constitutional requirement,
where protesting producing provinces on what it calls a monopoly by the Ministry of Oil and the resolutions of export controls and prices.
But the government of Nuri al-Maliki refused to do so in the words of his deputy, Hussein al-Shahristani, known to be opposed to the administration's policy of decentralization of oil, even in the sense of joint coordination demanded by Basra years ago.
[millionday] NOTE -- THE POINT HERE AND VERY IMPORTANT ONE IS -- IT WAS MALIKI THAT WOULD NOT APPROVE THE KURD OIL WITH SUMO -- NOT THE KURDS REFUSING MANAGEMENT THROUGH MARKETING ECT THAT SUMO DOES
[millionday] HUGE CHANGE AND PROGRESS FOR CONTRACTS FROM THE GLOBE >>>>>>
[millionday] The new oil minister, said that "the future of our aspirations to make the capital of Basra, Iraq's economic development and should be in all sectors is the most important sector of oil wealth and ports, roads and petrochemicals, and the development of the social situation and the population."
He criticized the excessive restrictions on projects in the provinces, by the concerned Central, which led to the reluctance of construction and losses of money, said Abdul-Mahdi, that required "to adhere to the concept of speed in the work and the quality of production, and not the absolute quality that may not be reached to accomplish, and often disruption of projects under the pretext of high quality and absolute specifications, "he added," come specifications selectively, inhibiting the hundreds of projects that make Iraq is losing hundreds of millions, and lead to lower levels of production. "
[millionday] THIS IS REALLY A HUGE CHANGE AND INVOLVES ALL OF IRAQ INCLUDING THE KURDS AGREEING ON OIL AND PRODUCTS AND THEIR CONTRACTS
[johnsoos] what does this have to do with rv . we have all this good news for the past 4 weeks but still the goi is still not form -- correct we need them to be form correct md -- or i am missing something
[millionday] THE VALUE OF THE DINAR FOR IRAQ RELIES HUGELY ON THE OIL PRODUCTION THAT THEY HAVE –
THEY HAVE BEEN OPERATING ON MID 90% ON JUST OIL SO TO RESOLVE SUCH AN ISSUE AS THEY EXPAND AND RESOLVE THE LAWS TO DO WITH PRODCUTION AND ALSO THE BUDGET
AND THE DISTRIBUTION THAT WILL GO OUT TO ALL CITIZENS OUTSIDE IRAQ ND INSIDE IS HUGE BECAUSE IT IS DONE ON A VISA AND WILL BE RECEIVED BY THE CITIZENS ELECTRONICALLY -- SO THIS IS HUGE HUGE FOR THE RESOLVE IN ALL REFORMS FOR THE COUNTRY
[millionday] DOES THAT MAKE SENSE ?
[millionday] EVEN THOUGH THEY ARE TRYING TO MOVE THE RELIANCE OF OIL TO THE 70% RANGE THE FACT IS THAT RIGHT NOW IT IS IN THE 90% RANGE SO ITS RESOLVE WITHIN THE COUNTRY IS VERY IMPORTANT TO THEIR ECONOMICS AND CALCULATIONS FOR THE VALUE OF THE DINAR
[millionday] AND ALSO THE BUDGET SO TO KNOW THAT THEY HAVE RESOLVED BASRA AND ALL OF THE CONTRACTS ARE BEING REWRITTEN WITH THE NEW PRICE OF OIL -- HUGE –
IT MEANS THAT THEY ARE ACTIVATING CONTRACTS AND GETTING THEM READY FOR THE GLOBAL COMPANIES THAT HAVE CONTRACTS IN PLACE