Post From Bondlay's Corner By Tlm724
Minning Industries entered into a contract with a local company for the project to develop the mining of thermal plant
[tlm724] see they are starting to mine their resources
[rsp1] yeppers - that's a good sign
[tlm724] I have been waiting to see them do this, it means they are diversifying and generating revenue
Najafi: Al-Qaeda in Iraq did not enter significantly and can defeat collaboration between the community and the military
Read More Link On Right
[tlm724] The House of Representatives began 215 legally gaining great importance in addressing the problems of the state, declaring that the Parliament is about to approve the Unified Retirement Law this week, as well as questioning the electricity minister next week,
in addition to other laws will be approved soon, including the law of federal service in addition to the budget bill, which is suffering a lot of problems with regard to the petro-dollar and the investment budget and the budget of the House of Representatives
[tlm724] which had cut them 47% illegally, as well as other problems related to the budget of the Supreme Judicial Council, but in the case of a consensus on the budget bill in the House of Representatives must be traced to the government to settle.
called on political parties to agree on a budget bill for approval being one of the most important laws currently on the table, expressing his willingness to manage the dialogue sessions, especially among blocs to agree on a budget bill where they can agree on this law within a month.
but in the case of a consensus on the budget bill in the House of Representatives must be traced to the government to settle. called on political parties to agree on a budget bill for approval
[tlm724] and on the creation of new provinces Najafi said, that this is a subject bound to spark debate and political differences large, where calls for a federal system to collect the provinces in the region,
nor calls for creation of new provinces, noting that the law of the development of the provinces, which was in effect at the time of the former regime is not effective now
[tlm724] yeah they will have to work on the provinces
[tlm724] but the budget well lets get her rolled out
[tlm724] iron out the wrinkles and get this show on the road
Budget, the first step on the road to economic reform
[tlm724] budget and basic first step on the road to economic reform, desired for its development of the accounting system and a radical change to the pattern of financial management.
[tlm724] ok we are going look at this whole art, its important
[tlm724] adding that it the product of the first attempts to develop a budget, traditional, and working to reduce corruption During imposed to control the 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,
noting that the budget of 2014 is the budget items based class basis to monitor allocations and distribution of oil rents on the doors of spending different without taking into account the feasibility of this spending and the extent of the balance of the revenues it compared Pkfatth
[tlm724] this part here : Board of Supreme Audit evaluates the efficiency
[tlm724] so the BSA is going to oversee this years budget, thats huge because this will force transparency
[tlm724] efficient performance and repeat the Salem say that balancing programs interested in efficient performance in the field of planning, especially in the long term as well as it is flexible as it allows,
depending on the ways and alternative solutions for the implementation of programs and goals if the delay or failure of the spending units in their implementation in accordance with the mechanisms designed to implement them originally, pointing out it's a basic approach to pattern more advanced as well as being 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 the energies of the physical, human and development as much as possible of the resources to achieve the progress of society
[tlm724] alternative solutions for the implementation of programs
[tlm724] pointing out it's a basic approach to pattern more advanced
[tlm724] that the budget is a plan future use as a planning tool and control
[tlm724] as well as being a means of evaluation of performance by comparing planned and executed. noted that the issue of the federal budget is the first of the Iraqi economy because the clauses governing all walks and joints of the economy and more than two-thirds of GDP the total is the 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 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:
"Increasing 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 welfare of the citizens.
[tlm724] the federal budget is the first of the Iraqi economy because the clauses governing all walks and joints of the economy
[tlm724] improve sustainability should be noted that improving the financial sustainability
[tlm724] this budget, if done right with the BSA oversight could allow Iraq to be the powerhouse they should be ! No more BS, just getting the job done, it's called Economic Reform ! "a radical change to the pattern of financial management," love it !!
Development of new outlets to increase growth in the Iraqi economy
[tlm724] with the expectation of the government that the rate of oil production in the year 2014 to four million barrels per day
[tlm724] which contributes significantly to supplement the state treasury amounts of additional financial, escalated calls for the distribution of allocations to outlets New to increase growth in the Iraqi economy based on creating a balance between economic sectors.
[tlm724] spread the wealth to ALL sectors
[tlm724] "We want to increase the contribution of other sectors and the elimination of unemployment and reduce the burden on the government in Employment, especially given that the career sector continues to inflation at the expense of the growth of other economic sectors,
which indicate a decrease in production with having to import essential commodities and consumer goods, food and out a lot of foreign currency abroad, thus causing an imbalance in the balance of payments, and when it can not reduce the differences in the balance commercial.
[tlm724] and out a lot of foreign currency abroad, thus causing an imbalance in the balance of payments, and when it can not reduce the differences in the balance commercial.
[tlm724] what do you make of that ? ^^
[lightingcslt] tlm724 has something to do with trade, decrease in production there
[tlm724] spending money on imports then
[lightingcslt] and have to deal with trade and its currencys
[lightingcslt] he elimination of unemployment and reduce the burden on the government in Employment, especially given that the career sector continues to inflation at the expense of the growth of other economic sector
[rsp1] Since they can't produce here, they have to get it elsewhere...and it throws the money aspect off.
[lightingcslt] they need to produce more to get folks off the unemployment line and get them to stop having the gov't to take care of them
[lightingcslt] so balance sheets not working out right now
[tlm724] makes sense
[lightingcslt] that was a tough one
[tlm724] lightingcslt yes I noticed that
[rsp1] looks like in paying the Iraqis to do the work, but they're not able to financially make a go of it, they're outsourcing it instead.
Central Bank defers issuance of local bonds to the first of next year 27-01-2014 01:57 PM
[tlm724] The 'Iraq postponed to next year's plan for the issuance of the first bond has a local currency in ten years
[tlm724] that' legal difficulties prevented bond issuance this year as planned.
[tlm724] 'unlikely to pose international bonds in 2014
[tlm724] okay unlikely doesn't mean they won't , looks like they need to correct some legalities first
[tlm724] could be they don't want to issue bonds at 1166 and then have them worth say 100's of times more when they make the currency worthy of their economic staus and wealth...just sayin IMO
[tlm724] just makes sound financial sense to me
Treasury bonds and precious metal enhances monetary policy
[tlm724] that the announcement of the Iraqi
Central Bank intention to sell gold coins to the public would pave the way for the re-emergence of banks mortgages in order to serve the Iraqi economy
announced immediate measures contracted to import them and then sell them through the banking system
diversification means savings for citizens and the provision of large quantities of gold from the origins of solid and reliable sold to dealers in gold, investors and segments of society, wishing the Iraqi dinar
[tlm724] He added that the citizen has absolute confidence in dealing with the government, which means that he trusts gold imported by being assured and the origins of global best of the items imported traders at the moment, and thus this procedure will enhance the chances of increasing credit
[tlm724] therefore this measure contributes to the strengthening of the assets of the public by keeping gold within the country
[EdwardK] tlm724 Good Morning ALL*grouphug*
[tlm724] so now they can buy gold instead of dollars , " siege in the nineties of the last century has made citizens focused on buying the dollar"
Salih noted that the treasury transfers and government bonds is another way of means of monetary policy, but Do not circulated by the public for limited circulation currently on banks and private banks on the one hand and the weakness of financial awareness among the citizens on the other hand,
explaining that the treasury transfers short-term expires at the end of the year which comes to finance the deficit of my time while the central bank bonds are long-term and will continue over the years.
Between The Bank Bonds and Treasury Notes sold in a weekly auction held by the Central Bank for this purpose
[tlm724] explaining that the treasury transfers short-term expires at the end of the year which comes to finance the deficit of my time while the central bank bonds are long-term and will continue over the years
[tlm724] so the old bonds will be maturing and as we saw Turki has intentions of issuing new bonds, the question remains will it be this year possibly or next
MPs warn of political history through the adoption of the budget
[tlm724] Yasiri said in a statement the "morning": that "the budget annually in political outbidding with near approval and this is not new, presumably on political dimensions for these differences because it is of interest to citizens and should speed up the completion time soon because survival without completing affect the economic situation of the country. "
[tlm724] remember what we just talked about, this budget is different, it contains new operating procedures, they will fight no doubt but when this thing gets approved there will be no turning back
[tlm724] economic reform is on its way !
Syrian President's advisor Shaaban unveils the names of Iraqi politicians who have called for the introduction of the so-called the "Mujahideen" for Iraq
[BondLady] these are comments posted below this article in this iraqi news article, and I said for over 3 years Allawi's block, the majority, were terrorist and were going to the neighboring countrys to get them to perform terrorist acts in Iraq and to do anything they could to bring down the gov of Maliki....the truth came out many times over in the news .....