"Sunday News" from Samson at KTFA 9-8-19

KTFA:

Samson:  Today, Iraq chairs the 152nd session of the Arab League Council

8th September, 2019
Iraq will preside on Sunday the 152nd regular session of the Arab League Council at the level of permanent delegates in preparation for the meeting of Arab foreign ministers scheduled for Tuesday also chaired by Iraq. 

The meeting will discuss a number of important items concerning Iraq, namely taking a unified Arab position on the violation of Iraqi sovereignty by Turkish forces and an item on supporting internally displaced persons in Arab countries and Iraqi refugees in particular. Arab Anti - Terrorism System.

In addition to other items, especially the Palestinian issue and the Arab-Israeli conflict, this item includes following up the political developments of the Palestinian cause and the Arab-Israeli conflict, activating the Arab peace initiative, Israeli developments and violations in the occupied city of Jerusalem, as well as following the developments (settlement, wall, intifada, prisoners, refugees, UNRWA, Development) and supporting the budget of the State of Palestine and the steadfastness of the Palestinian people. LINK

*********************

Samson:  Today .. Meeting of the Government of Kurdistan on the 2020 budget

8th September, 2019
The Kurdistan Regional Government will hold a meeting on Sunday to discuss Iraq's budget for 2020 and the share of the region.

A Kurdish government source told Mawazine News that the Kurdistan Regional Government is holding a meeting today with Kurdish deputies in the parliamentary finance committee.

The source added, "The meeting comes to discuss the subject of the 2020 budget and the share of the region." He continued, "The discussions also include the issue of the oil file and the agreement with Baghdad on the share of 2020 before the agreement on the delivery of oil and imports of border ports."

LINK

Samson:  Kurdistan disruption of official working tomorrow

8th September, 2019
The Kurdistan Regional Government announced on Sunday, the suspension of official working hours in all institutions of the region on Monday.

The government said in a statement received (Mawazine News) a copy, that "it was decided to suspend official working hours on Monday, 9-9-2019 in all institutions of the region."

She explained, "This comes on the occasion of the revival of the tenth day of the month of Muharram."

LINK

**********************

Samson:  Parliamentary finance reveals a frightening figure for the 2020 budget deficit for the first time in the country's history

2019/9/8 8:24

The parliamentary finance committee revealed that the federal budget deficit for 2020 reached - according to the prototype - to 72 trillion dinars.

Committee member Jamal Kuger said in a press statement that "the next budget is different from the previous budgets in two things. First, the model will change any shift to the new method from (items) to (programs and performance) and will apply this method to only two ministries during the The second is negative, as it contains a lot of deficits and the deficit in the prototype budget reached 72 trillion dinars, which is a very high figure for the first time up to the deficit. Ara To this figure."

He added, “The Ministries of Planning and Finance are interested in studying the most important mechanisms and vocabulary that contribute to reducing this deficit because the more the deficit stops the movement of investment in the country and the more the operational budget increases, the less the investment budget”. He called the ministries concerned to cooperate with the Parliamentary Finance Committee to work to reduce and reduce the deficit rate.

As for the most prominent solutions that can address the deficit, Kojer explained: “There are a lot of (imaginary - space) who receive fictitious salaries and this situation can be addressed, and the second is to control the revenues of the border outlets that the Inspector General stated that there are 6 ports The government does not have any control over it after the official working hours; that is, the resources that come through it do not go to the state but to other parties, and the remaining outlets have great corruption.”

He continued: "The third solution is to shift the point of government from the government sector to the private, that is (why the government bears all salaries without charge ?!), For example, the electricity sector can be put to privatization on the condition that the investor should bear the burdens and salaries of the existing and existing staff The fourth solution is to fight corruption in a real way by seizing the funds of personalities who have reaped great wealth through the exploitation of positions as well as other mechanisms.”

Concerning external borrowing, Kojer pointed out that “the Finance Committee decided to stop external borrowing, because one of the most important The deficit is the repayment of interest on loans, where $ 19 million in interest will be repaid on loans that the country has not benefited from.”   LINK

***********************

Samson:  Five measures to solve the budget deficit 2020 .. Aliens and ports in the forefront

8th September, 2019
Revealed the Finance Committee in the House of Representatives, on Sunday, five measures to resolve the budget deficit 2020, in the forefront of getting rid of aliens and control of the outlets.

The committee member, Jamal Kuger, said that "there are a lot of astronauts who receive fictitious salaries and this situation can be addressed. The resources that come through it do not go to the state, but to other parties, and the remaining outlets have a great corruption. " He continued, "The third solution is to shift the point of government from the government sector to the private, that is (why the government bears all salaries without charge ?!) ".

Abizaid and Kojer: "The fourth solution is to combat corruption in a real way through the seizure of funds of personalities who have reaped huge wealth through the use of positions as well as other mechanisms."

On external borrowing, Kojer noted that "the Finance Committee decided to stop external borrowing, because one of the main causes of the deficit is the repayment of interest on loans.   LINK

Samson:  Inspectorate of the Interior reveal the disbursement of 165 million dinars with false retirement IDs in Diwaniyah

2019/9/8 12:03

The Interior Inspectorate announced on Sunday, the disbursement of 165 million dinars with false retirement IDs in Diwaniyah.

"The Office of the Inspector General of the Ministry of Interior revealed the existence of falsification of official documents and embezzlement of pensions using pension IDs and forged identification documents in Diwaniya governorate, which resulted in the seizure of pension salaries amounting to 165 million dinars," the inspectorate said in a statement received.

The Inspector General pointed out that "the Office of the Inspector General of the Ministry of Interior opened the Integrity Commission in order to refer the negligent employees of the National Retirement Authority to the judiciary and open an investigation in the case with those involved on how to pay pensions with false documents and without the presence of pension and recommend that they include the amounts lost and delivered in violation of the law.''

"The Office of the Inspector General is still investigating the issue of forged identities, which was adopted in the issuance of pension IDs to reach the perpetrators in order to bring them to justice." LINK

********************

Samson:  3 eggs with 100 billion .. Prices in countries with high inflation rates "astronomical"

8th September, 2019
In some countries, the economic situation is so late that citizens suffer from inflation, to the point where there are countries where billions of dollars are needed to buy a chicken.

In the following lines, we review the most prominent countries that suffer from huge inflation in their currency, which makes the process of buying and selling in their local currency requires huge amounts of currency: 

Zimbabwe

The Zimbabwean dollar is the worst in value against the US dollar. The US dollar is worth about $35 million (quadrillion) dollars. The value of interest to counter inflation has been rising in Zimbabwe, in previous years, with the printing of huge amounts of money to cover interest with the terrible inflation resulting from the increase in the salaries of state officials, up to 5000%, according to "Reuters." To illustrate the scale of the disaster in Zimbabwe, there are no more than three eggs worth $100 billion, and $100 trillion is not buying a parsley package.

Venezuela

Inflation in Venezuela reached abnormal levels, with the collapse of the currency, last year, under the administration of President Maduro. Inflation is that to buy a 2.4 kilogram chicken in Venezuela, you have to pay 14,600,000 bolivars ($2.20), toilet paper costs 2,600,000 bolivars ($ 0.40), and one kilogram of carrots cost 3,000,000 bolivars (0.46). Dollars), according to the network "Sky News". In addition, since last year, the minimum wage for employees, which is not enough to buy one kilo of meat, has collapsed due to runaway inflation, which could reach 1 million percent this year, according to IMF forecasts.

Iran

In the wake of the deterioration of the economy and the collapse of the currency rate in Iran, the Iranian government, subject to severe sanctions, approved a plan to remove the zeros from its currency, and replace the rial currency with the "toman" during the year. The Iranian government spokesman, Ali Rubaie, at a news conference in Tehran, "The government approved a bill to delete four zeros from the currency, and the Altoman will be our national currency," according to the site "Sputnik" Russian. One dollar is worth 154 thousand riyals in individual transactions.   LINK

KTFADinar Recaps 20