IQD CALLS Chat Wednesday Night 5-13-20
IQD CALLS Chat Wednesday Night 5-13-20
kevin311312 Parliamentary committee determines options to address financial distress
[Baghdad-Ain] The Parliamentary Finance Committee, today, Tuesday, outlined several options to face the financial hardship due to the drop in oil prices due to the Corona crisis.
Member of the Committee, Deputy Muhammad Sahib Al-Darraji said in a press statement that "there are measures that must be taken to face financial distress other than internal borrowing or prejudice the reserves of the Central Bank," noting that "among these options is changing the exchange rate and stopping imports in addition to stopping the currency auction and economic measures Other. "
Al-Daraji pointed out that "if oil prices continue to decline, there must be special budgets, including a crisis budget that is based on a price lower than the price of oil to walk salaries and health matters as well as other important matters," noting that "this challenge must be exploited and transformed into an opportunity of Through opening the door for investment and allowing the private sector to operate. "
He called on the government to speed up the transmission of the budget in a way that reduces the deficit by reducing costs or by changing the exchange rate.
The Parliamentary Finance Committee had confirmed earlier the importance of harnessing all efforts to maximize non-oil resources, while it made a number of proposals to the Tax and Customs Authorities that contribute to increasing revenues for the purpose of reducing the budget deficit and advancing the Iraqi economic reality.
Dave exchange rate change......hmmmmm
kevin311312 http://www.alliraqnews.com/modules/news/article.php?storyid=91912
Dave private banking laws fer foreign investment would help.....
Dave close......horseshoes and handgrenades
Doug_W Stock down 500 now
Wilder He called on the government to speed up the transmission of the budget in a way that reduces the deficit by reducing costs or by changing the exchange rate. I see no float.
kevin311312 Wilder ya
Wilder kevin311312 tell us. WHEN?
kevin311312 soon
Wilder kevin311312 Soon. used to indicate one's preference in a particular matter. My preference is now.
kevin311312 He called on the government to speed up the transmission of the budget
kevin311312 that translates to SOON
kevin311312 The Parliamentary Finance Committee confirmed, on Wednesday, that it is awaiting the sending of the draft budget law to the House of Representatives by the new government headed by Mustafa Al-Kazemi, while noting that there are two proposals on it.
kevin311312 Parliamentary Finance Committee confirmed, on Wednesday, that the federal budget for the current year 2020 will be discussed and approved in Parliament after Eid Al-Fitr
Wilder And as Paul Harvey would say.. And now you know — the rest of the story your still in the soon mode.
Dave 2 proposals......wonder if Alaq got the memo?
Baxter When they say SOON.... thats Arabic meaning FIVE YEARS AT LEAST
Wilder Baxter it's speed up now according to kevin311312 21/2 yrs..
Dave doubt CBI would allow that that corrupt Govt control exchange rate
Dave hear this BS every yr when preparing the budget
Baxter yep
Baxter here it is.. May..and still no budget that ought to tell ya something
Doug_W so r we talking USA Soon OR Iraq soon?
Wilder Shafaq News / The Parliamentary Finance Committee confirmed on Wednesday, that the federal budget for the current year 2020 will be discussed and approved in Parliament after Eid Al-Fitr(Festival of Breaking the Fast", is a religious holiday celebrated by Muslims worldwide that marks the end of Ramadan.)
, denying that there is a trend to approve "monthly or bi-annual" budgets.
"The Parliament is awaiting the budget to be sent by the Council of Ministers for consideration, discussion and approval, according to the financial situation and the requirements of the current circumstance," noting that " it will focus on salaries , basic expenses and will be free of investment projects due to the financial deficit,” Member of the Committee, MP Ahmad Mathar al-Jubouri, told Shafaq News Agency .
Al-Jubouri denied, "The existence of any directions or proposals to approve monthly or bi-annual budget, as was recently rumored," stressing that "there is no legal or constitutional basis for adopting monthly or bi-annual budgets."
The transmission of the federal budget by the government to the Iraqi parliament was delayed due to the continuous protests since last October, which led to the resignation of the previous government headed by Adel Abdel-Mahdi and its transformation into a caretaker government that is not within its powers to send the draft budget to the parliament.
The current year’s budget (according to the government’s proposed project) is 162 trillion dinars (135 billion dollars), with a planned financial deficit of 48 trillion dinars (40 billion dollars), including three trillion dinars (2.5 billion dollars) to implement the projects agreed with China. https://www.shafaaq.com/en/iraq-news/iraqi-budget-to-be-approved-after-eid-al-fitr/
Wilder What Kevin shared.
Dave ..supplemental budget......?
Wilder there is no legal or constitutional basis for adopting monthly or bi-annual budgets. .Meaning?
Dave Wilder HCL 140 etc etc........welcome to the constitution
Wilder So they don't hafta anything?
Daves quat.....no important laws we need ,traffic laws though
Dave Still UN Chapter 7........when i checked last
Dave?
Wilder I can't copy pdf link. After 23 years of punitive measures put in place under Chapter VII of the United Nations Charter, the country has now cleared the way to end its pa- riah status in the international system
Dave federal court laws ratified.......?.....need that to lift immunity from corrupt MPs.....
Dave Wilder kinda of not quite,,,,
Dave Kuwait awaiting 4.4 billion.....
Dave https://www.international.gc.ca/world-monde/international_relations-relations_internationales/sanctions/iraq.aspx?lang=eng
Dave EU Australia post the same...Asset freeze arms embargo under United Nations Act
Wilder With Chapter 7 Lifted, Iraq Regains Control of Its Own Economy. Dave not true? Old article. https://www.rudaw.net/english/business/07072013
Wilder Dave I'm not doubting you. Seems to be a lot of conflicting articles on this.
Dave Wilder conflict....?
Dave "with "in this sense a verb.......
Dave future tense.....?
Wilder Dave still no dimes tho.
Dave if wouldbe a better word
Dave Eliminate the crooks.....like they have been promising......
Doug_W Silver:$15.78
Dave just need Parker to mine out all the gold.....then maybe silver?
Baxter https://i.ibb.co/3C9gxmn/virus.jpg
Doug_W ANOTHER QUESTION IF masks keep U safe WHY does iranian qomen have SOO many cases their faces are always covered
Doug_W futuremoney @Baxter ATERTOWN, N.Y. (WWNY) - The north country is officially ready to begin phase one of reopening its economy.
Gov. Andrew Cuomo said at his coronavirus briefing in Watertown Wednesday that the north country had met the last of seven criteria it needed to begin phase one on Friday.
Friday is May 15, the date the governor set for lifting his “pause” order.
Baxter That Barber in MIchigan that had been in business 42 years... and defied the Governor and didnt close his shop.... They took his license to cut hair.. away today....
Baxter he was on Fox news the other morning.. before they pulled his license
Doug_W SAD
Baxter People that are self employed... like he was... cant get unemployment compensation because they dont pay into it
Xyz 5-13-2020 Intel Guru Delta Article: "3 options top the measures to confront the economic crisis .. What is the story of private budgets?" Quotes: "There are measures that must be taken to face financial distress other than internal borrowing or prejudice the central bank's reserves,
noting that...among these options is a price change...Exchange and stopping imports, in addition to stopping the currency auction and other economic measures."; "...accelerate the transmission of the budget in a way that reduces the deficit by reducing costs or by changing the exchange rate." ...ANOTHER BOMB ARTICLE...IMO...GET READY...PM SAID 48 HOURS…HALF IS GONE...
Wilder Coronavirus in Ohio: Self-employed, part-time workers can now apply for unemployment. 5hrs ago. COLUMBUS - After weeks of waiting, self-employed workers can apply for unemployment approved by the federal stimulus package.
Young_SC Baghdad / Nina / Two parliamentary committees demanded that the government expedite sending the budget law to pass it in proportion to the current crisis.
Member of the Parliamentary Economic Committee Hamid Al-Mousawi said in a press statement that: the total Iraqi debt exceeded 63 billion dollars, which is a very large number, noting that: 38 billion dollars of this debt is the result of borrowing from the internal authorities.
He pointed out that: Iraq owes it to external parties as well, such as the Paris Club, with 10 billion dollars, 6 billion dollars between the IMF and the World Bank, and 3 billion that should be paid as compensation for the Kuwait war, as are loans to the United States of America.
Moussawi stressed that: economic indicators show that Iraq is unable to meet more loans; Because we rely mainly on oil, whose prices are experiencing significant losses from time to time, asking the government to search for revenues, and there is more than one field that should be activated through the laws in force so that our dependence on oil is not only.
For his part, the rapporteur of the Parliamentary Finance Committee Ahmed Al-Saffar stated that: The government cannot exclusively in external borrowing.
He added that: The House of Representatives voted earlier to prevent borrowing, and that reversing this decision requires another vote.
Al-Saffar pointed out that: the budget is still in the corridors of the Council of Ministers and we are awaiting its arrival in Parliament as soon as possible so that it can be passed with legal articles that enable Iraq to deal with its crisis in the best way. / End 3
Young_SC https://ninanews.com/Website/News/Details?key=831697
Young_SC 3 options top the measures to confront the economic crisis .. What is the story of private budgets?
Young_SC Member of the Parliamentary Finance Committee, Muhammad Sahib al-Darraji, stressed today, Tuesday, the importance of adopting a special budget if oil prices continue to decline.
In a statement to the official agency, followed by Nass, (12 May 2020), Darraji said, "There are measures that must be taken to face financial distress other than internal borrowing or prejudice the central bank's reserves," noting that "among these options is a price change."
Exchange and stopping imports, in addition to stopping the currency auction and other economic measures.
Al-Daraji pointed out that "if oil prices continue to decline, there must be special budgets, including a crisis budget that is based on a price lower than the price of oil to walk salaries and health matters as well as other important matters," noting that "this challenge must be exploited and transformed into an opportunity of Through opening the door for investment and allowing the private sector to operate. "
He called on the government to "accelerate the transmission of the budget in a way that reduces the deficit by reducing costs or by changing the exchange rate
Young_SC https://www.nasnews.com/view.php?cat=30552
https://covid.joinzoe.com/us COVID Symptom Tracker
https://www.worldometers.info/coronavirus/ Covid-19 Coronavirus Pandemic Stats