Millionday news 6/9/13
[millionday] tonight's news is a great big wow -- so stay put im getting it together whoooop whooop [millionday] here we go -- are you ready red ?
[millionday] Refer Economists cause of the low level of the poverty line in the country slightly, to government measures aimed at reducing the numbers of the poor, grants soft loans and the inclusion of some strata of society to social protection, as well as the growing oil imports, which had a significant impact in raising the purchasing power of citizens,
while others stressed The structure of the Iraqi economy suffers from serious problems, mainly disable most productive sectors and not to make way for the private sector to take a leading role in supporting economic activity, as well as the high unemployment rate, which is more Tlasqa poverty, and revealed the Ministry of Planning from the lower poverty index to 18 percent,
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according to preliminary indications . said Deputy Minister of Planning Mahdi Keywords: that "the decline rates of poverty in the country commensurate with the expectations of the strategy of poverty reduction, visible in the light of the joint cooperation between the Ministry of Planning and the World Bank where the aim of the strategy to reduce poverty line to 15 percent through soft loans
and create jobs for the unemployed in addition to other measures, "noting that" the ratio brought about by the 2007 survey estimated the poverty rate to 23 percent. "
he added Keywords for" morning ", measured poverty rates based on surveys carried out by the Central Bureau of Statistics pointing to the completion of the Economic and Social Survey for the year 2012.
[millionday] note -- this is huge to have completed all applicable figures it is the audit that was done the end of the year and that had to be redone due to delays
[Papatom] that's a LOT of work...to help determine the rate....right?
[millionday] He continued that "improved the country's revenues from oil exports reflected directly on the welfare of citizens, but the participation rate of the rest of the sectors of the economy is very weak, agricultural sector did not achieve only rates shy, although the agricultural initiative.
Either Iraqi collapsed, indicating that the activation of these important sectors will reduce the proportion of the poor in the country. pointed out that access to low poverty rates need intensive efforts, particularly in the provinces that suffer from a rise in the number of poor according to what set apart by surveys.
[millionday] right and activate the economic reform and monetary policy successfully
[millionday] they are talking about the health of the economy here -- which is the appropriate amount of poor-middle- high class (working class ect
[millionday] For its part, said economic expert Akram Abdel Aziz: "regarding the strategy launched by the Ministry of Planning early 2010 was based on the measurement of poverty index real then build map to him,
what to make of poverty rates decline in the country, where it is aiming to decline in the proportion of the poor (7 to 5) million people below the poverty line, as well as to lower the illiteracy rate in the country.
"said Ikram:" morning "that" the pursuit of government to provide a housing for the poor and attention to social protection reinforce reduce covered by the ration cards and these factors by itself reduce the rate of poverty in the country.
They noted that the name of poverty is not in isolation from the names of macroeconomic, so in order to reach a low percentage rates of poverty should be strengthened infrastructure sector giving a big role for the private sector by expanding small and medium enterprises that provide jobs for a large number of the unemployed.
[millionday] end of report -- this is just a portion of the plan that was agreed upon by the world bank when they met with the minister of planning --
[Papatom] love the expanding small and medium enterprises.....remember that from other articles.....more than once!
[millionday] this is great and implies the progress they are expecting from the move to expand and also reform [millionday] love it brb with more
Papatom] to see the expansion of small to medium business's is a real sign of a real democracy....productivity...not welfare!!!!
[millionday] this next one is an order to be done and the order came from parliament -- hmmmm
[millionday] this is huge so check this out -- order to pay and to the conversion -- wow
[millionday] Iraq is seeking to emerge from Chapter VII imposed on it since the nineties of the last century, where pay under the sanctions imposed on it 5 percent of the total oil revenues to Kuwait as compensation established by the United Nations under this chapter as Iraq has met its obligations to pay 41 billion dollars to Kuwait in compensation for war Iraq and Kuwait and paid for by the Iraqi people as a result of the reckless policies of the former regime, where this amount is significant, affecting the size of fiscal revenue that comes to Iraq annually. [millionday] note -- paid ? whooop whooop
[Dianne777] what exactly does this mean? smile
[millionday] here comes the rest note -- this means that the last agreement payment will be made by then --- so all have agreed and it is excepted
[millionday] A member of the Finance Committee MP Haitham al-Jubouri "morning" that the last remaining of indebtedness of Kuwait will end in 2014/2015 noting that the money deducted from the investment budget and operational should take advantage of them in the areas of serving the country's economy a proposal to establish a fund called Fund "Development of generations,"
which is a box placed by the amounts that would have been deducted for Kuwait's debts amounting to 5 percent of the total oil revenue after repayment plus additional amounts again turning to the fund intended to benefit future generations in the future
[millionday] He noted Jubouri the importance of protecting future generations from expectations depletion of oil in the long term, noting that this fund will enable them to meet the challenges of the future while not be their imports or stocks can be used and said that this amounts to Atbaky but Ststthmrtan supervision of the Commission, Ministry of Finance and Planning and the Ministry of Labour and Social Affairs in order to development and expansion., and said that this proposal will be concluded to turn it into law and
[wmawhite] millionday .........did they pay the remaining $11 Billion to get out now???
[millionday] 41 and yes -- smile
[wmawhite] The remaining $11 Billion would add up to the $41 Billion.......correct??
[Papatom] millionday is this saying the 5% goes into a fund for future use? not directly to Kwuait for use now?
[wmawhite] Papatom ...to be monitored by UNAMI....?
millionday] development of generations fund will have the oil proceeds in it for kuwait and they are making the payment that was up in the air ( so to speak ) -- then the 5% will conclude it as we were hoping
[millionday] Papatom no for kuwait
[millionday] it is in its first steps to enter into force reasoned that the money that was deducted as compensation under Chapter VII will go to this fund instead of changing the investment budget and exposure to waste or corruption.
explained Jubouri Negotiations are continuing between the two sides and will give a positive and tangible results in terms of the agreement to repay the debt and the demarcation of the border in accordance with the regulations and international legislation and thus will lead to
[wmawhite] millionday ..then Iraq chose to pay now and get out now!!!
[millionday] definitively remove Iraq from Chapter VII what would have complete freedom to dispose of his money and build its economy. Jubouri limp on the need to build the Iraqi economy by building a useful productive sectors that these sectors are not active in the components of GDP and this unilateral Miakd the economy of Iraq, stressing the need to be an effective contribution.
millionday] note -- this means that the figures are not by actual in the case of iraq -- so are not included in the gdp because this is all not active yet
[cookie2] Not active YET?
[Papatom] it looks like its a 2014/15 issue???
[millionday] all of the funds and figures are not made yet because of the reforms not being activated
[ROBINREDHED] so, we are expecting activation when?
[millionday] i think i am being misunderstood
[ROBINREDHED] ok, we will let u explain lucy
[millionday] let me reread this whole thing i have written -- i dont think i must have typed it right
[millionday] let me repost this
[millionday] read this sentence >>>>> Jubouri limp on the need to build the Iraqi economy by building a useful productive sectors that these sectors are not active in the components of GDP
[millionday] the country is not exporting and up to the amount that they are predicting for each productive sector -- because of chapter 7 -- so the figures are not made yet -- also
[millionday] the normal gdp is figured as an active productive sector which is not the way things are in iraq right now due to sanctions
[millionday] see the amount that will be producing a much higher gdp is in the results of a free market economy -- all the reforms and the private sector and all the gains in the country -- this will be huge and the amounts that calculate that in the gdp are not active yet in many sectors
[millionday] does that make sense ?
[lorijeanmarshall] millionday Makes sense to me
[Auntie] I'm sorry but what is gdp?
[millionday] this is the announcement of how close they are to being released because of the money going to kuwait
[lorijeanmarshall] Auntie Gross Domestic Product
[Auntie] Thank You!!
[wmawhite] millionday .......understood.
[lorijeanmarshall] Auntie What the country produces for revenue
[ROBINREDHED] got it
[Godsalli/Jim] Million I think release is a lock
[millionday] let me bring how it is calculated but there is more the report i was on so that is first
[Godsalli/Jim] whatslock what's gonna activate the new rate? That's the question
[lorijeanmarshall] millionday Go for it!
[millionday] this will help you understand -- this is the rest of the report
[millionday] He Jubouri experiences the world in this area, although it does not have what Iraq has the material and human resources and archaeological sites and tourist competencies in various fields, but you find has achieved great diversity in its economic resources so it should be given to these activities, more attention, he said., And called for the need to
[Papatom] millionday didn't we see that the UN release of the DFI funds were supposed to go towards the developmental budget....and is that the same budget along with the investment that they are talking about up above in this article...ergo....some of those funds Iraq will pay to Kuwait to ease the stress on their productive economy?
[cecilia123] millionday, is the budget open?
[millionday] He Jubouri experiences the world in this area, although it does not have what Iraq has the material and human resources and archaeological sites and tourist competencies in various fields, but you find has achieved great diversity in its economic resources so it should be given to these activities, more attention, he said.,
And called for the need to ] there is harmony between the legislative and executive powers in order to reach building strategy successful with an economic dimension, pointing out that the Ministry of Finance claim to be a contributing factor in the development of the strategy required to balance and this requires a specialized real in the preparation and take the points raised, which was attended by World Bank seriously.
Let millionday bring the rest of the article and explain for everyone before asking more questions! Thanks.
[Domino] millionday So, this is saying Iraq "has paid" Kuwait what they owed and because sanctions are not yet released, the economic benefits they will see once they are released are not yet showing up in GDP because they are not yet released. Is that it?
[millionday] no problem hun -- that was the end of that report
[ROBINREDHED] Let millionday bring the rest of the article and explain for everyone before asking more questions! Thanks.
[ROBINREDHED] tell us ////end
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