Post From Wealthwatch.world 10-10-15
OKAY SO WE HAVE TWO ISSUES HERE... IF WE ASSUME THIS RELEASE IS A "VALID" ONE...
1) WE ARE NOW SEEING EXACTLY WHAT WE DISCUSSED SEVERAL DAYS AGO, WHEN THE RELEASES CAME OUT THAT THE WORLD BANK INITIAL DOLLARS FOR THE LOAN THEY APPROVED OVER THE SUMMER, WOULD BE FUNDED HOPEFULLY THIS MONTH...
MY COMMENT THEN WAS, WHY THROW GOOD MONEY AFTER BAD, UNTIL THE "REFORMS" WERE IMPLEMENTED, SPECIFICALLY REFERRING TO THE JUDICIARY REFORM, SO THE CORRUPT COULD BE PROSECUTED, AND ELIMINATED...
2) NOW THE BUDGET WILL BE IN PARLIAMENT BY OCTOBER 15... ON TIME THEY STATE, WITH FULL TRANSPARENCY... FOR THE LAST MONTH THEY HAVE BEEN STATING BY OCTOBER 10TH, TOMORROW...ONTIME WITH FULL TRANSPARENCY...
SO WHICH IS IT..WELL HOR OFF TILL THE 13TH SUPPOSEDLY, SO I GUESS THE 15TH MAY BE MORE REALISTIC.
WHAT DOES ALL THIS MEAN? WELL, I AM SURE THERE WILL BE SOME STATING..." OH, THE CHANGE IN VALUE MUST BE HAPPENONG, BECAUSE NOW THEY DONT EVEN HAVE THE BAND AID MONEY TO BUY THEM TIME...
MY CONCERNS/COMMENTS ARE THAT UNTIL THEY CAN SAFELY PROSECUTE THE CORRUPT, IT WOULD SEEM SENSELESS TO OPEN THE DOORS TO MORE FINANCIAL CORRUPTION...
WAY TOO TEMPTING FOR A CRIMINAL TO STOP THEIR ILLEGAL ACTIVITIES WHEN CANDY IS SITTING IN FRONT OF THEIR FACES....
AND AS A SECONDARY THOUGHT, RE: COMMENTS I MADE THE OTHER DAY...THE EVENT/TRIGGER...HOW OR WHY WOULD ANY TRANSPARENT/UP FRONT AND HONEST/ NON CORRUPT GOVERNEMENT WANT FOREIGN INVESTOR DOLLARS COMING IN,
WHICH ARE TO HELP BUILD/SUPPORT THE ECONOMY, WHEN THE EXISITNG CORRUPT ARE STILL RUNING RAMPANT?
AGAIN, IF YOU THINK ABOUT ALL ABADI AND HIS REFORMS ARE SUPPOSEDLY GEARED TO DO, FOR THE PEOPLE OF IRAQ, IF THE "NEW" MONEY COMING IN ENDS UP IN THE "OLD" HANDS, HOW WILL THE CITIZEN BENEFIT?
Finance Committee: The World Bank refuses to give Iraq a loan of six billion dollars
Date: 10/10/2015 19:09
[Finance Committee: The World Bank refuses to give Iraq a loan of six billion dollars]
Parliamentary Finance Committee confirmed on Saturday that the World Bank lending to Iraq's refusal to six billion dollars to cover the budget deficit, as pointed out that the general budget will come to the House of Representatives in the fifteenth of the month.
He said committee member Majda al-Tamimi told / information / "The Finance Minister Hoshyar Zebari made a number of tours to foreign countries for the purpose of financial borrowing the aim of winning the fiscal deficit coverage in the financial Mizantah,"
indicating that "the World Bank has provided financial loan to Iraq billion dollars and an interest rate of Eleven and a half percent, and this is a big financial burden on the budget, "pointing out that" Iraq needs a loan of six billion dollars to cover his inability ".
Tamimi (and added a deputy from the bloc of the Sadrist movement Liberal) that "the financial budget for next year will come to the House of Representatives on the fifteenth of this month, found and discussed and then be voted upon for the purpose."
The parliamentary finance committee confirmed earlier that the general federal budget deficit for 2016 has reached 29 trillion Iraqi dinars what caused the budget to reduce the amount of the budget of 113 trillion to 100 trillion dinars.
The country has the financial and economic crisis because of a sharp drop in oil prices and rising costs of the war on terror Daash gangs, prompting the government to follow the austerity system and reduce government spending and taxing Kartat shipping to operators of mobile .