Millionday News 5/13/14 Part 2
Welcome To Tuesday News Time With Millionday!
[mudder] Tomorrow it will be off the table lol lol lol
[Craveman] So a 2014/2015 merged Budget can't be done now? It's just a projection right?
[ROBINREDHED] Craveman seems improbable to me
[coolspot] I dont think a New Government would be happy with that. I would not!
[ROBINREDHED] coolspot me either
[coolspot] Robinredhed Amen
[millionday] here we go - i agree
[millionday] Baghdad morning requires a transfer of financial resources of the state to investments in human capital and financial assets for sustainable development to generate future income for future generations to ensure the success of the investment program linked to the achievement of increased production and oil revenues for its importance in the development of the productive sectors of the non-oil.
According to the adviser of the Iraqi Institute for Economic Reform, Dr. Ahmed al-Husseini, the strategy of the federal budget 2014 - 2016 expects to increase the rate of production and export of Iraqi crude oil to 4.65 million barrels per day in 2016.
[millionday] note -- this is also referring to the planning --(non-oil)
[millionday] noting in a statement to the (morning) that these projections were based on the implementation of the investment program associated with the successful oil licensing rounds and contracts agreements with companies operating in Iraq.
between Husseini that according to these expectations, the expected rise in crude oil revenue source to more than 178 billion dinars in 2016 under the price of a precautionary barrel of $ 90 per barrel source.
[millionday] note -- this is also about and from the press statements made this morning in Iraq
[millionday] calling to convert a portion of the proceeds from the financial resources if the ratio (10 to 15 percent) and derived from the production and export of natural resource stainless run out to the assets invested in human capital or financial assets of foreign income-generating future for generations to come and support the sustainability of development.
his part, said the academic economic Dr Essam Mahouelle he can not activate the productive sectors of the non-oil without The presence of a solid infrastructure is electrically powered.
[millionday] note -- they will also use this cost analysis for the industrial side of % of their economy
[millionday] note -- sorry -- referring to electricity
[millionday] added in a statement (morning) that the industrial sector can not stand up without electricity as fuel prices used by the owners of factories in the run generators adds cost the extra price Maintjonh of materials, what caused serious damage to the economy has to be borne by the country and offset the import of cheap and poor quality of goods that can be produced locally.
[millionday] note -- when you have shareholders -- in any business there is -- your job as a manager or power position of any kind is to make every decision and every investment etc to benefit the shareholders -- always
[millionday] pointed to the need for a base of legislation assigned the private sector to support the policies included in the Constitution of the need to move to a market economy and to take the private sector role and the chance to contribute effectively to the economic development.
stressed the importance of expediting the the development of the energy sector because it is not reasonable nor acceptable to continue deteriorating reality of power in Iraq to more years, noting that planning for the future should start from now to enjoy the future generations a sense of well-being
and enjoy the presence of continuous income after her direct the process of sustainable development, which can be defined as the process of land development and urban and business, provided that meets the needs of the present without compromising the ability of future generations to meet their needs.
[millionday] the constitution not only lists the freedoms and barriers of government for citizens in all countries but it also creates an obligation in some of the written and completed constitution –
their constitution applies an obligation to move to a market economy for the advancement of the ability for the citizens in their opportunity to provide for their families and also thrive ---
so they have to move forward and just not moving forward is against not only their constitution but also the international compliance of its respect --- not moving forward in this case and many is -- UNCONSTITUTIONAL
[Pablo] I missed most of newstime, so you'll have to excuse me if this is redundant, but where are the election results standing?
[millionday] the last i saw was that the international counting is done but have some more news to bring and i believe there is something in there on the in-country counting
[coolspot] There is an urgency for them to develop their manufacturing sector. Failing which the income from the tariff laws will be curtailed and have a negative effect on their Balance of Payments
[millionday] very good point coolspot -- exactly -- even though the international contracts will bring jobs and the move of reforms -- they will lack in so many revenues without their domestic production and balance of payments –
they have to move forward with their own for their economy to remain in the condition it is in -- meaning statistically -- great point my friend
[slh5282] what about the budget?
[millionday] they are still working on it the budget
[millionday] here we go -- Called for a by, Adel al-Lami, legal expert to the need to find ways to take out the Iraqi economy from the problems experienced by identifying shortcomings in the legislation relating to the economic aspect in order to create a favorable economic environment.
Adel al-Lami, an expert pointed to lagging in the implementation of projects and the low level of performance.
He pointed to the importance of reconsidering the corrective actions in accordance with national needs and resources of the country's financial and economic plans deliberate and systematic strategy to protect the state's resources and the implementation of projects and plans properly.
[millionday] wow -- he really said a mouth full --- no doubt must have been what everyone replied to that statement -- he is calling for the legislation that is for the economic reform activation --- hmmm -- so is everyone but they have to have it all moving and activated --- so they might be further along than they are reporting -- but that would just be shocking for this ink girl -- smile
[Pablo] Do you think that Poppy's report that the CBI is waiting till the election results are finalized has merit?
[millionday] i think that Poppy does extensive research and i would not have an opinion on that without having read it my self -- but it could very well be imo --- they have made it clear that they would like political and economical stability and many have so -- we shall see -- smile
[jtank] the 2 articles you just brought are the speakers making statements to the press or is it a conference?
[millionday] it is press statements
[millionday] here we go -- Foreign Minister Hoshyar Zebari, discussed with the regional director for the UN on Development Program in Iraq / UNDP / Adam Abdel Mawla, programs and projects of the international organization in Iraq, according to a statement issued by the Foreign Ministry today.
For his part, UN representative, confirmed that all development programs must be conducted since the beginning of the next month inside Iraq, not outside Iraq.
[millionday] so as we see -- we have a new time frame to look at -- if all projects are to begin by the beginning of the month than we should see some hustling -- very nice to find -- smile
[millionday] love it WHOOOPOW lol