Council completed during the first reading session for the draft law of the letters a
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Council completed during the first reading session for the draft law of the letters and exchange of notes and minutes of discussions on the Japanese loan signed on to the Republic of Iraq.
BAGHDAD / Obelisk: raised the presidency of the House of Representatives, Monday, the 27th session until Tuesday of next week, while the parliamentary source that the meeting witnessed the completion of reading the three bills and postponing another vote on the ratification of the final accounts for 2005 and 2006 decision.
The source said in a statement, "The Presidency of the Council of Representatives decided, today, to adjourn the meeting 27 of the Council of the first legislative term of the second legislative year to Tuesday of next week," noting that "the meeting saw the vote on the ratification of the final accounts for 2005 and 2006 decision after the presentation by the Parliamentary Finance Committee. "
The source added, "The Council completed during the first reading session for the draft law of the letters and exchange of notes and minutes of discussions on the Japanese loan signed on 05.25.2015 to the Republic of Iraq."
He pointed out that "the meeting also saw the second reading of the first draft amendment to the Law ownership of the documents bearing the aliases of Displacement and Migration Law No. (79) for the year 2012, the second reading of the first draft amendment to the law to compensate those affected by the military operations and military mistakes and terrorist operations No. (20) for the year 2009, "noting that" the meeting also saw the postponement of the first reading of the draft law law ".
The parliamentary finance committee looking to identify ways and priorities for access to real deficit reduction, which will affect the size of the general budget mechanisms.
BAGHDAD / Obelisk: The Iraqi government plans to reduce the overall ceiling on the size of budget allocations next year to less than 113 trillion dinars.
The parliamentary finance committee and revealed at a news Monday statement, the Parliamentary Committee met with Hoshyar Zebari, Iraqi Minister of Finance to discuss next year's budget and related large deficit and how to deal with external borrowing and diagnosis of nations willing to lend to Iraq and to address the roof top of the allocations of the federal budget .ooodan Committee, that We discussed the priorities and identify ways to gain access to real deficit reduction, which will affect the doors of the federal budget the size of the Iraqi state mechanisms.
She added, that the grades in the general budget in 2016 dedicated to the sectors of education, education, health and security ministries. In addition, all procedures are discussed with the Finance Minister and his aides and the Inspector General, the Parliamentary Committee submitted the list of recommendations to the Ministry to expand the adoption of seriousness in the Internal Revenue budget and support the private sector and openness to investment.
On the other hand, it felt that the general budget law must be comprehensive and years, and the contribution of the government budget in support of the Iraqi national economy will amount to about 50-60 per cent, with reliance on diversifying the economy through the contribution of investors and reducing the size of the deficit of the private sector.
World Bank: Undo "poverty rate The publication of this report in preparation for the meeting of the General Assembly of the International Monetary Fund and the World Bank next week in Lima, Peru.
BAGHDAD / Obelisk: A report of the World Bank publishing, Sunday, that the proportion of people living below the poverty threshold in the world will fall this year for the first time below the 10% of the world's population, but this figure remains "very worrying" in Africa and the Sahara.
And it came in this report that about 702 million people will be living this year below the poverty line on less than $ 1.09 a day, after this threshold was $ 1.25 per day, and why the high inflation rate.
The publication of this report in preparation for the meeting of the General Assembly of the International Monetary Fund and the World Bank next week in Lima in Peru, according to the agency "AFP."
In 2012, when the latest figures issued in this regard, the number of people living below the poverty threshold of 902 million, or about 13% of the world's population, and this percentage reached 29% in 1999.
The head of the World Bank, Jim Yong Kim, hello new figures that "these expectations reveal that we could be the first generation in history that eliminates extreme poverty."
He said that these new numbers should give "new impetus" after the establishment of the United Nations last week by identifying new targets on sustainable development, including the eradication of extreme poverty.
Raised the presidency of the House of Representatives, on Monday, the 27th of the legislative term of the first second legislative year, the meeting on Tuesday, (October 13, 2015), while the meeting witnessed the completion of reading the three bills and vote on the ratification of the final accounts for 2005 and 2006 decision
The source said in an interview to the (long-Presse), "The House Speaker Salim al adjourn the meeting 27 of the legislative term of the first second legislative year to next Tuesday (October 13, 2015)," noting that "the meeting saw the vote on the ratification of the decision the final accounts for 2005 and 2006 after its introduction before the Parliamentary Finance Committee. "
The source, who asked not to be named, said: "The session saw an end to the first reading of the draft letters Act and the exchange of notes and minutes of discussions on the Japanese loan to the position of the Republic of Iraq dated 05/25/2015, and the end of the second reading of the draft amendment law of the first to the law of the ownership documents bearing the names nicknames for the displaced and the number of migrants (79) for the year 2012 ".
The source continued that "the meeting saw the end to the second reading of the first draft amendment to the law to compensate those affected by the military operations and military mistakes and terrorist operations No. (20) for the year 2009," pointing out that "the meeting included the postponement of the first reading of the draft law law".
Iraqi Council of Representatives held on Monday, the 27th of its first legislative term of the second legislative year, headed by Salim al-Jubouri and the presence of 245 deputies, while the agenda of the meeting included the vote on the draft law and the first and second readings of the other four.
Central Bank announces its sales drop to $ 235 million auction today
BAGHDAD / Baghdadi News / .. the central bank announced on Monday, lower sales of foreign currency auction sale the sale of $ 235 million, after selling $ 253 million yesterday.
The bank said in a press statement received / Baghdadi News / copy of it, that "the size of the amount sold today at a price of auction of dollar stood at 235 million and 790 thousand and $ 719, priced at 1166 dinars exchange rate to the dollar, and with the participation of 25 banks and eight companies of the financial convert".
"The amount of remittances and credits amounted to 207 000 865 thousand, and $ 719, while the quantity sold was 27 million in cash and $ 925 thousand."
The statement said that "the central bank continues to buy and sell dollars at 1166 dinars," adding that "the sale price of remittances in 1187 dinar / dollar, including the commission of the Central Bank of $ 21 dinars per dollar, with total cash sales price of the dollar in 1190 dinar / dollar, including the commission of the Central Bank and of 24 dinars per dollar. " It ended 21 / g http://www.kululiraq.com/?p=349090
Economists brought to Ebadi and Barzani economic plan
Twilight News / Posted 16 personal economic and sectoral expert, a memorandum to the Prime Minister Haider al-Abadi where the plan for economic development and the reforms proposed in the light of the financial difficulties.
According to the senders of the note, they are prepared in consultation with a number of senior economist Iraq and aimed at lifting the national economy of the rentier trap heavy reliance on the oil sector in the financing of the state budget and overall economic activity, which calls for the creation of new mechanisms and policies reduce the relative role of oil in supplying the balance of payments in foreign currencies by stimulating alternative export growth on the one hand and the reduction of import and compensate the other side proposed a significant number of these mechanisms and policies desired.
Sent copies of the memorandum to both the President of the Republic Fuad Masum, and Parliament Speaker Salim al-Jubouri, the head of the Kurdistan Region, Massoud Barzani, and the prime minister in the Kurdistan Region Nechirvan Barzani, economic adviser to the prime minister appearance of Mohammed Saleh, the Director of the Office of the Prime Minister Mahdi Mohsen Keywords.
And distributed note on the three-door demanding reform of the economic situation in the light of the large developmental frustrations that hit Iraq, which is expected to worsen as the current government has not essential treatments for difficult situations in light of the deterioration of oil prices and revenues and in light of the worsening crises in the financial budget, unemployment and poverty, rapid population growth and displacement scarcity fresh water and aggravate the difficulties of housing and urban and environmental crises of education, health and agricultural and industrial production to transformative.
The most important proposals and demands of the memorandum is to redirect state activity and the private sector to affirm to stimulate the housing sector and urban growth, education, health, and urgently and development while also emphasizing the reconstruction and rehabilitation of the liberated areas of Daash in order to resettle the displaced there.
And stresses the memorandum on the development of agriculture, depending on the drip irrigation techniques to conserve water resources that is geared to the growing health also calls for the activation of the Iraqi diplomatic role in maintaining the water rights of Iraq.
Memo predicted that such strategic directions Shall followed by Aovernmh- will achieve significant increases operating sized to absorb a significant proportion of rampant unemployment, on the other hand, adding he did not expect that result in the largest economic activity in these hubs proposed orientation towards to the great demand on the country's resources from the dollar, which Christsn balance of payments to a certain degree.
The memo pointed to many multi-listed demands also in the note specifically directed to the ministries and the various bodies in the country focus on the need to modify the path and on a new fiscal and monetary policies also calls for transparency in the raised electricity, education, health, industry problems, also called on the details of quite a few to how to strengthen budgetary resources on the one hand and the reduction of expenses is pressing the other side also suggests ways to ease the disguised unemployment in the state apparatus.
The memorandum called for the government to focus on some spatial development efforts for the purpose of creating a successful example of a development model for the rest of the governorates of Iraq and the likely focus initially on the development of the provinces of Basra, Maysan and Dhi Qar, due to the relatively safe for the conditions on the one hand and geographical convergence of the other side.
The note stressed on the reform of government departments, development and the fight against corruption as necessary conditions for economic advancement and for the future success of the proposals and policies and strategies included in our note to you.
(Part I): activation of the non-oil sector can stimulate the production and generating productive jobs in promising sectors of reduced need for foreign exchange and import
Iraq suffers from a few is the most important economic decline in oil prices and revenues from the state, which threatens serious problems of the balance of payments and the exchange rate of the dinar problems, too, if serious economic measures are not taken urgently within the agreed timeframe. This note will not enter the details of some of the figures are alarming deterioration of the financial situation she is known, without a doubt, the pillars of the government as some international organizations.
We have resulted in dwindling revenues few public budget deficit in 2015 as indicators that the 2016 budget to some extent the publication of which refers to the worsening of the large gap between revenue and public expenditure and to the possibility of entering the country Bmdioniat great prices and very high interest Stkpl the future of the national economy. The recovery in oil prices is a clear evidence does not justify any slack endeavors to diversify the economy and repair the damaged of the mechanisms that these directories as his must pay towards the rationalization of public spending programs if they want to play for our country again.
Sag has led to a state with corruption to weaken the effectiveness of the economic and service performance at a time when Aldoaash lawful wide provinces of Nineveh, Anbar, some of Salahuddin and took control of the most important Anciabat the Euphrates River to threaten the sustainability of agricultural activities in the Middle Euphrates and the south. Military and Saralanvaq and things to displaced people and martyrs, widows, orphans and disabled war is draining financial resources and youth task at a time when spending money on salaries and pension and privileges of politicians and senior staff productivity and low resources.
Larry they are basically starting from scratch... would not be easy with fully function Judiciary...now factor in weeding out the corrupt judges first...adopting all new laws for enforcing AML & corruption
The economic path for the country Mozuma will race a long time ago and the government has been affected consumer spending, and in Tbaziri, through more than three decades led to the reversal development performance. Infrastructure has deteriorated and destroyed Ohunt and technical capacity to manage the economy and the state and its facilities as a result of extensive migration of professionals from doctors, engineers and scientists.
On the other hand, it is pumping very tempos rise to the growth of the population large numbers of job seekers state will not be able to provide enough of them in the future in light of the financial Haunted
It has been exacerbated as a result of population growth Aktdad cities and housing problems and that was one of the important implications up urban land prices and housing rents and property values. And to the extent that quite a few, this is due to the increasing index residential unit per population.
This in crisis situations, with youth unemployment rampant, justifying the importance of focusing on alternative policies to create enough jobs in production and service fields Syndrome (and fast) outside employment, which exacerbated the disguised unemployment in the state scale.