Dr. Mark > EXOGEN:
Ok..so take the intel you and Bandito just carried over.
Add the fact the Kurds got what they wanted
Plus the Budget is completed and will be reviewed tomorrow...should pass without issue as all parties are getting their percentages
Lastly, HCL in the basket of laws to be presented and passed!
With all this, well, doesn't take a doctor to figure this one out!
Big day tomorrow! Pray!
EXOGEN > Dr. Mark:
IT IS ALREADY SATURDAY IN IRAQ NOW
Posted by BaNDiTo.RoX on November 28, 2014
Minister of Finance shows the most important policies included in the budget of 2015
The Finance Minister said that the budget will be approved in the next few days.
Finance Minister Hoshiyar Zebari said on Friday that "the budget for fiscal year 2015 deficit of $ 40 billion."
Adding that "the financial budget for 2015 has secured the popular crowd forces' salaries."
Underlined the survival of the Kurdistan region's share in the fiscal budget for 2015 by 17%
The last sentence here is key in that the Kurds still retained their 17% throughout the negotiations of the budgetary reform. Clearly Abadi and team are keeping their word and uniting the oil producing regions in Iraq.
The budget should fly thru since all parties are getting their percentages.
BaNDiTo.RoX > Dr. Mark:
BINGO!!! The Kurds held there guns and got the 17% they started fighting for...
EXOGEN > Dr. Mark:
The HCL has multiple components and 2 which are PRIMARY.
1. Distribution of Oil Revenunes
2. 17% to the KURDS (Covering the Peshmerga)
Note, then you look at Article 140 and you then see how we are now transitioning from IMF Article XIV to Article VIII and the oil has started to move and interestingly the price of crude today dropped at the conclusion of the 166th OPEC conference and Iraq budget oil numbers are right near the 69 number.
THE KURDS CONTROL THE OIL
R.V. / GCR
November 28, 2014 at 6:59pm
The market is now primed as we watch the globe switch from one banking system to the other
We will continue to see that the market is truly primed …the value of the US dollar has gone up without a change in the gross domestic product
The price of oil has lost 40 percent in less than 6 months
The price of precious metals has gone down tremendously
China is now cornering the market of Australia in silver and gold
When all is said and done they will make the switch and no one will be the wiser except currency holders in a very fluid currency speculative market
Someone yell timber!
Extraordinary session of the government today to approve the budget ..
Posted by BaNDiTo.RoX on November 28, 2014 at 6:44pm
11/29/2014 0:00 BAGHDAD - morning
Council of Ministers approved in its meeting held last Thursday exceptional, make the necessary adjustments to the draft of the federal, state budget next year, and will hopefully be submitted to parliament on Saturday evening, after being carried by a second review by the Ministerial Council, which held a session "exceptional" Other hours after .
Cabinet meeting last weekend, which was held under the chairmanship of Dr. Haider al-Abadi, which discussed the general principles underlying the construction of the budget, especially in the context of securing a transparent relationship with the Kurdistan Regional Government and local governments in the provinces.
According to a statement issued by the Information Office of the Prime Minister, the construction budget is also based on "the basis of a realistic grasp of the financial data and the security situation in the country, in addition to seeking to address the problems raised over the past years."
The Council heard a presentation by the Minister of the total financial Hoshyar Zebari, on the assumptions adopted by his ministry to formulate a budget in both sides of the revenues and expenses in both the investment and operational items.
Public data contained in the offer presented by Zebari, also revealed the importance of urging ministries to maximize revenue, so the effects of oil prices are not reflected on the living conditions of citizens, taking care to sustain the momentum of care for the poor and vulnerable groups within the increased protection network efficiency Alajtmaih.oakb discussion and explanation within the Council government,
Abadi stressed the importance of an audit of all the budget details and at the level of ministries and provinces to ensure the safety Alt_khasasat.fa the same subject, a spokesman confirmed the Prime Minister's Office, a tributary Jabouri that the Council of Ministers headed to approve the financial budget of the country for the year 2015, on Saturday, in preparation for sending drafted to Parliament for the purpose of voting Aliha.takid Jabouri, came in on his "Facebook".
It commented, said: "The positive atmosphere prevailed in the Cabinet meeting extraordinary," noting that "there is a strong trend and determination on the adoption of the budget in Saturday's session, which will also be exceptional."
He explained the spokesman, "The decline in oil prices has created a different economic conditions, But Iraq is unable to cope with increasing oil production, and also through structural reform in the state apparatus in the sense increase the ministries of resources and rationalization of expenditure, "he said Abadi," the face of not compromising the balancing of social welfare and health services, but the search for what enhances these services ".
It is scheduled to reach the size of next year's budget about $ 100 billion, based on a price of $ 70 per barrel of oil.