The progress of the development policies of the Institute evaluates seminar entitled (the budget and entitlements Territory)

[yota691]

The progress of the development policies of the Institute evaluates seminar entitled (the budget and entitlements Territory)

 

 

Economy News special ..         In a workshop hosted by the Institute for the progress of the development policies of the day entitled (budget and benefits the region) in the presence of the MP Magda Tamimi expert Hamza Jeweler.  And it initiated a seminar by Dr. Mehdi al-Hafez letter from the Iraqi private banks association directed through this seminar about the deposits of Iraqi private banks to the Kurdistan region.  Said Dr. Hafiz Ali necessity of this message, referring to the Institute will hold a workshop in collaboration with the Iraqi private banks association will be announced shortly to find out the latest developments and take the necessary measures, he added in a statement to the economy News "is a legitimate demand and This proposal should be discussed, sponsored by the Association of Banks Iraqi special and we will establish cooperation with the Association workshop in this regard. " She spoke Magda Tamimi, an MP in the Iraqi parliament from the current previous agreements and between the province and the center a detailed explanation, and in terms of the federal budget for 2017, citing the need to provide the province with all revenues from the export of oil to the center, it confirmed al-Tamimi said the federal government and so far has benefits the territory has the equivalent of more than $ 28 billion the value of oil exports Aalh revenue by region, according to Altaqrarar provided by the competent committees. It added .. that there is a special public budget law amendments but not the level of ambition despite the presence of bright aspects of it, and pointed out that the final data for 2016 were pictures general has a 6 trillion dinars deficit of more than 34 trillion dinars, up to November 2016 a month .. For his part, oil expert Hamza Jeweler talked about the relationship between the province and the center about oil exports from the region and the general budget as that of the province of private pursued in the export of oil and the maneuver is always to get the benefits policy, said the jeweler, "said an update during the recent period of decline in prices oil and its impact on the region's economy a negative impact as more than 16 companies from the oil companies pulled out of the region, accompanied by non-payment of salaries of employees in the region and the numerous protests over the piece by the people of the region, and the oil reserves in the region is not a real stock also spoke with officials there, and that the withdrawal of the oil companies have negatively impacted on contracts with other companies and even discovered oil fields there, adding that the provincial government did not comply with laws and agreements with the federal government, and the obvious rise in oil prices will make the region clings more previous gains. .  Deputy for the Kurdistan Alliance now occurring problem of the region with the center lack of proper management in the country and there is no law for oil and gas in addition to the problem of too much not to apply decisions between the government and the region it is necessary to enactment of the oil and gas law. Dr. appearance of Mohammed Saleh economic adviser in the Prime Minister stressed the necessity of activating the private sector and loans projects that contribute to the budget support through projects and increase revenue ..  Mr. Ali Husseini, a representative of the Iraqi private banks association, referring to the withheld by the province of Kurdistan and the Iraqi private banks deposits, which are more than 6 trillion dinars and in spite of all attempts to launch a feasibility Condon.  On this subject replied Dr. Hafiz met with the Minister of Finance in the Kurdistan Region and Abgth not and should reserve these funds and the need to find appropriate solutions in order to bring it back to the banks.  At the end of the symposium, Dr. Mehdi al-Hafez, we have reservations on the provincial practices and the need to apply all laws related to and relevant financial aspects and other aspects.
Views 21   Date Added 07/01/2017 - 15:20   Last updated 07/01/2017 - 15:51   No. Content 6369

[olivesman]

 

[tigergorzow]

Yota Thanks,  DV,  Based on the article is seems KRG is in agreement on the "HCL".   Next week will be telling once Parliament meets.

Keeping the faith!!

GO RV!!

[nannab]

Thank you so much Yota and good morning all.

["Fred"]

1 hour ago, tigergorzow said:

Yota Thanks,  DV,  Based on the article is seems KRG is in agreement on the "HCL".   Next week will be telling once Parliament meets.

Keeping the faith!!

GO RV!!

Let's hope they can nurse this thing through before there next vacation....

[ChuckFinley]

It does seem like there is some sort of benefit for both parties, which scares me. Anytime it is a benefit to a party, other than their they gets pi$$ed off, thus no agreement.  If we step back and see what has transpired over the last year we can really see them getting back into the global market. Now, whether it is Jan or June they will enter the market. Hopefully they can agree here to demonstrate that they do have the capability of working together as a country.  

[sandfly]

Thanks soon