March 11th, 2014, 10:37 am
Tuesday Morning Early Edition News Summaries
International Banks not ready to give loan to Iraq's Kurdistan government
The Kurds are caught in a "no man's land" it seems, they face economic perils ahead if budget issues are not resolved....they cannot get loans from international banks, nor from any other country....part of the Kurds problem is that 70% of their budget goes towards salaries...the Kurds do not understand how to get loads from companies that perform work within their region....they must learn to be more transparent in their dealings and not hide salaries.....they must come to an agreement with Baghdad over the 2014 budget, then work towards a long term fix with them that is agreeable by all.
United States calls on the Iraqi government to improve its relations with neighboring countries
The US continues to push Iraq to improve relations with neighboring countries....Maliki meanwhile accused Saudi Arabia and Qatar over the weekend with waging war against Iraq in the way of providing terrorist fighters thru Syria.....they have since retaliated in the media saying that Maliki is overreacting and just trying to cover up his own failures.
Massive demonstrations in Baghdad and five southern provinces against al-Maliki
The provinces of Baghdad, Wasit, Babil, Najaf, Dhi Qar, and Maysan were witness to massive demonstrations in the streets against Maliki.....many were Sadrists from the National Alliance that helped to get Maliki nominated for a second term in 2010....these protests could have been fueled by a recent TV appearance by Maliki where he accused al-Sadr of not understanding the origins of the political process.....Maliki seems to be making enemies no matter what direction he turns....all in the face of elections that are a month and half away.
Baghdad disposal of 548 billion dinars to pay the salaries of the staff of the Kurdistan region
The Finance Ministry has given the go-ahead to submit February salaries to the Kurds.....an action that should be completed in two days totaling over 548 billion dinars.....meanwhile there are still points of contention concerning the budget and who is going to be responsible for what.
Parliamentary Finance: Iraq's economy loses six billion dollars a month, and the year the investment was lost for the delayed budget
The Iraqi economy has been the big loser in the budget battle of 2014...to the tune of $6 billion dollars a month....this setting everything back, including investments and projects, not just for the time being but will leave scars for years to come, including a freeze on recruitment.
Parliament discusses the budget bill next week in the first and second readings
I have looked at the official agenda for the Parliament on Sunday and the first item of business after reading from the Koran is the first reading of the 2014 budget.....what we will wait to see is just who shows up for this session....hopefully a quorum.
Salhi: budget differences between Baghdad and Erbil caused more than 14 billion dollars
Now we are starting to hear from the chipmunks talking about the economic losses from their own view point...this being a Turkman....he complains that the budget was passed from the COM to the Parliament without key differences ironed out between Baghdad and Erbil....my question to this is why wasn't Erbil and Baghdad in serious discussion well before the new year....why let these known issues fester for so long....shaking my head.....as a result.....there have been no quorums for however many straight sessions of Parliament...it doesn't matter who is at fault with that....it is time to move forward....instead of sitting on your butt and watching your nation crumble all around you.
Parliamentary Finance: We need 30 days of the adoption of the budget provided to hold hearings on a regular basis
Thirty days!!!!!!!!! give me a break, if you can get thru this first reading...then the second.....strike while the momentum is strong and get this done....don't sit back and wait.
Kuwait expresses its desire to import gas from Iraq
The Deputy Prime Minister of Energy is working to improve relations with Kuwait and the Kuwaiti's are responsive saying they wish to enter into a joint agreement with Iraq for the purchase of gas from the Iraqis.
Will stop here for just a bit....more to come Randy