Numbers .. economy parliamentary reveal the total granted to Iraq, foreign loans and the proportion of the province, including

[yota691]

Parliamentary Finance announces the height of Iraq's debt to $ 119 billion

History of edits:: 3.8.2017 13:41 • 30 visits readable

[Where-Baghdad] 
Finance Committee in parliament , announced on Wednesday, the country 's high external and internal Diwan to $ 119 billion.

She said a member of the Finance Committee Magda Tamimi in a press statement, said that " the total domestic and foreign debt owed by Iraq , which is $ 119 billion, including $ 80 billion in total external debt." 
Tamimi said, " The total debt was $ 107 billion , but that after the estimated $ 12 billion loan became a British total debt of $ 119 billion." 
She Tamimi for "fearing to go past loans borrowed Iraq this year for the reconstruction of infrastructure in the liberated areas, to the pockets of the corrupt." 
Iraq has suffered from a severe crisis as a result of lower oil prices and the global markets, as well as military operations carried out by the military and security forces to the terrorist gangs Daesh , which took over a number of provinces in Iraq in 2014. Expenses 
increased Iraq 's debt after 2003 , whether states or Iraqi contractors or peasants or from the sale of domestic bonds.

[yota691]

Parliamentary Finance: $ 119 billion size of the debt arising from the Iraq due loans

economy

 Since 08/03/2017 13:48 pm (Baghdad time)

Baghdad balances News

Parliamentary Finance Committee announced that, on Wednesday, from the increase in the Court of Iraq to $ 119 billion.

She said a member of the Finance Committee Magda Tamimi in a post on the social networking site "Facebook" account and followed up / scales News /, that "the total domestic and foreign debt owed by Iraq, which is $ 119 billion, including $ 80 billion in total external debt."

Tamimi said, "The total debt was $ 107 billion, but that after the estimated $ 12 billion loan became a British total debt of $ 119 billion."

And he showed a committee member, "we are afraid to go past loans borrowed Iraq this year for the reconstruction of infrastructure in the liberated areas, pockets of corrupt" .anthy 29 / A 43

[yota691]

Parliamentary Finance: $ 122 billion Iraq owes foreign and domestic!

Last updated: March 8, 2017 - 13:13

 BAGHDAD / News Network Iraq warned the parliamentary finance committee member, "Haitham al-Jubouri," Wednesday, the arrival of Iraq's external and internal debt rate is "very dangerous" by $ 122 billion, pointing out that tourism, agriculture, customs and became a place for "corruption", in what was considered to the government program for the Prime Minister, "Haider al-Abadi" included all the solutions, but they are merely "ink on paper." he said, "al-Jubouri in a press statement today:" the internal and external debt of Iraq is currently 126 trillion dinars, or the equivalent of $ 107 billion, " noting that "in the event of adding what will be borrowed from the international Monetary Fund amounting to five billion and 300 million dollars, in addition to the ten billion pounds from Britain will be the total of Iraq's debt of 122 billion dollars." he added, "al-Jubouri," "this is very serious figure and weigh shoulders the state treasury and cause a huge burden on the budgets of Iraq coming, "explaining that" the government and in spite of all these risks is still continuing to borrow at a time when we wish them interest revenue non-oil and retrenchment and work to find other ways to cover the costs of borrowing, which is usually weak governments that policy instead can not think or produce to bring in money. "He pointed out that" there are important sectors in Iraq, all of which are disabled, such as tourism and the economy, agriculture, customs and became a place of corruption and the collection of eclectic and very few services, "stressing that" the government is directly responsible to provide a decent life for the people. "He explained" Jubouri, the "political document and government program presented by Prime Minister Haider al-Abadi included all the solutions, but has not been activated and are just ink on paper, watch the customs are losing annually ten billion dollars and collection incorrect and tourism, which represents an important and improbable in the city of Dubai existence 8 million tourists annually found negligent in Iraq despite the presence of tourism the biggest and strongest of the Dubai many times, especially religious tourism ".

[Tonygrasso]

Hmmm, let me think about that. Tourism agriculture customs he forgot manufacturing. These are all things that do well in a war torn region, NOT! First things first Jabouri! Let's stop the war, then do what Abadi has been trying to do for the last two years, then see how the economy is doing, okay? Just a thought ya booger eatin moron. 

Sorry DV I haven't had my coffee yet

[yota691]

Numbers .. economy parliamentary reveal the total granted to Iraq, foreign loans and the proportion of the province, including

By sd sd -

March 10, 2017
 

 

Treasures Media :: Baghdad

A commission of economy and investment representative, Thursday, the total foreign financial loans granted to Iraq during the current year, and as pointed to the adoption of a proposed distribution of those loans to the provinces according to population ratios, confirmed that the Kurdistan region's share of loans 17%.

He said committee member Najiba Najib said in a statement that "the Iraqi government violated the constitution when international loans mentioned agreements passed in the General Budget for the year 2017 Act," noting that "the legal articles provide for the study of such agreements with foreign countries individually and accurately in the House of Representatives."

She added that "Iraq obtained a 10 billion pounds, which equals $ 12 billion, as well as an IMF loan of five billion dollars, as well as China and the US for two loans amounting each to $ two billion," indicating that "the loan mentioned will be allocated for investment projects and rehabilitation of infrastructure, relatively low interest rate. "

She drew Najib, a deputy from the Kurdistan Democratic Party that "the House of Representatives form over the past few days on the follow-up of Provincial Affairs Commission," attributed the reason for "make up that body of constitutional Article 106 which provides for the distribution of foreign loans and grants to the provinces in accordance with the ratio of the population."

Najib stressed that the "financial ratio for the Kurdistan region of the total of such loans is about 17%."

The Iraqi government signed, on the fifth of this March, a memorandum of understanding from the British counterpart provides for the granting of Baghdad, a financial loan of 10 billion pounds, provided that the benefits of soft

[yota691]

 

[yota691]

 

[yota691]

Virtue objected to the continuing external borrowing to bridge the budget deficit and calls for a review of policy

10/03/2017 03:29 | Number of Views: 57

Direction Press / Baghdad 

Virtue expressed parliamentary bloc, on Friday, objecting to continue external borrowing, and as a major source to cover the deficit in the current year's budget, as it called for a review of the policy of borrowing and the lack of urgency to borrow for future plans.

 

The bloc chairman Ammar Tohme said in a statement "the trend Press" obtained a copy of it, "We reiterate our opposition to continued external borrowing as the main source to cover the deficit in the 2017 budget, especially as oil prices rose markedly from what it was the time of the preparation of the general budget."

 

He added that "the objection increase when borrowing amounts are very large, as is the case in the British loan that exceeds $ 12 billion, and actual need to borrow most of the fact that the amount of non-existent premium mentioned to finance projects in this year does not exceed $ 500 million."

 

He continued, "The rest of the loan scheme to benefit from it in the long future years, an issue linked to and influenced by oil prices and the ability to develop other non-oil budget resources and pressure and rationalization of expenditures on the basis of priority and essential need and taking into account the sum of these factors may no longer needed, or much less to borrow external, "pointing out that" this calls for a review of external borrowing policy and not rush to borrow for future plans, not actual needs of real-time lobbyist. "

 

Iraq has signed, in (March 6, 2017), with Britain a memorandum of understanding on the loan by 10 billion pounds sterling for the development of infrastructure, while the Finance Minister pointed Agency Essa Abdul Razak that the duration of the loan amounting to ten years.

[yota691]

03/10/2017 (21:01 pm)   -   the number of readings: 1011   -  Issue (3873)

 

 

British loan raises concerns about the reconstruction of Iraq into a quagmire of foreign debt

 BAGHDAD / Mohammad Sabah 
 

MPs express fears of external borrowing policy adopted by the Iraqi government , which raised the size of the internal and external debt to $ 110 billion, the latest being a British loan estimated at $ 12 billion. 
The origin of fear, he is talking about the House of Representatives, the large size of the debt, which is a large part of which goes to pay staff salaries and expenses of the war on terror. 
It demands of Representatives bring this debt to parliament for ratification, Aazin so that it "sovereign loans" includes conditions on the government in the implementation and payment. But a senior government adviser reduced the size of the fears, stressing that debt long repayment period and the benefits of modest, pointing out that the budget bill passed by Parliament to grant the government the right to search for ways to bridge the Alahz, and a foreign debt of these methods. 
The government is trying to address its financial problems Abadi through recourse to external debt. The government recently signed an agreement with the British government for unconditional implemented by British companies over the ten - year loan will focus on electricity, water and sewer projects. 
The government withdrew during the year 2016 amounts up to 5 billion dollars to bridge the deficit of public budgets, which Othagltha war against Daesh expenses and accounted for 40% of the size of the federal budget. 
The Ministry of Planning has recently revealed that the war on Daesh drains 40 percent of Iraq 's budget, stressing that these loans will contribute to the age of the affected areas that have undergone to control organizations Daesh them. 
MPs on the Finance Committee revealed that 70% of Iraq 's debt Indoor, pointing to the existence of a foreign debt estimated at forty external billion dollars , including 16 billion to Paris Club members, he pointed out that there are long - term loans repayment period of up to forty years the Japanese Kalkarz and the benefits of simple does not exceed one percent. 
And confirms the House of Representatives, who spoke for (range) on condition of anonymity, that "all of Iraq 's external and internal debt to exceed 110 billion dollars , " noting that the members of the Paris Club debt parked at the present time , the government will hold an international mobility to be reduced. 
The head of the economic committee MP Ahmad Kanani, in an interview for the "long", that " the British loan , which is estimated at 12 billion dollars would be simple benefits does not exceed 1.5%," stressing that " the most important in this loan lies in the mechanism to deal with these large and huge money spent on service projects. "  
The Iraqi government has resorted during the past two years to the internal and external borrowing to address its financial crisis and to provide the war on Daesh accessories, as well as trying to pay off the salaries of state employees at the end of each month.  
The volume of World Bank loans to Iraq through 2015 to $ 1.9 billion added to the Japanese loan worth $ 735 million, which was allocated to projects the age of electricity and sanitation projects. 
The former finance minister , Hoshyar Zebari, announced in May 2016, to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, and as pointed out that the loan will allow securing additional financial assistance to reach about $ 15 billion over the next three years. Iraq had announced, in January 2016, the approval of the International Monetary Fund to finance the budget deficit through clouds of hard currency reserves. 
He said the appearance of Mohammed Saleh, Minister for Economic Affairs Adviser, in an earlier statement the "long", that " the IMF loan will be on the 13 batch, devoted first to cover the deficit in the exchange gates of the federal budget , " adding that " the priority in the loan will be for the doors social exchange, or relating to the affairs of displaced persons and social welfare and the ration card, for any shortfalls in it . " 
And show the head of the parliamentary Economic Committee feared the possibility of the amounts of such loan disbursement by the government for the salaries of state employees and not on service projects and ages, calling on the government to "deal with these funds carefully and directed for ages infrastructure." 
Parliamentary Economic Committee and tend to request consultation of the Legal Committee on the need for the loan to the British House of Representatives authentication due to the need for international agreements to be approved by the legislature. 
It is expected MP Ahmad Kanani send this agreement by the Cabinet to the parliament next week for approval, expressing fears of a repeat of what happened to the World Bank loan, $ 800 million, after exaggeration salaries for civil servants exchange. 
Confirms Kanani that "Iraq 's debt , the size of each of these loans worsened and reached nearly $ 23 billion , " pointing to the existence of other debts added to the amounts which the previous regime 's debt, as well as Paris Club debt, estimated at $ 40 billion. 
On the other hand the Parliamentary Finance Committee confirms that "all foreign loans are displayed in the Council because it is a sovereign loans are approved by the House of Representatives and then be executed." 
He says a member of the Parliamentary Finance Committee MP Abdul Qader Mohammed "long" that "all international loans set conditions for the implementation of and to regulate the loan disbursement process and push it, " adding that it "needs to authenticate the House of Representatives , " stressing " the need to allocate such large loans for large projects, according to the need for each province and territory. " 
He said Abdul Qader Mohammed , said , "Most of the amounts of these loans will go to the areas affected by the military operations." 
However , the government adviser appearance of Mohammed Saleh stressed that " the federal budget , which the House of Representatives honest Act authorizes the Minister of Finance and external borrowing to finance projects brown greeting without reference to the House of Representatives." 
Explains Saleh, in an interview for the "long", that " the article a second paragraph (c) of the Federal Budget Law states that authorize the Minister of Finance to negotiate and borrow from the British Export Bank on the financing of infrastructure for water, sewage and water desalination infrastructure projects." 
And the voice of the Iraqi Council of Representatives, in the month of January, the draft budget bill for fiscal year 2017, which amounted to about 100 trillion dinars and a deficit of 21 trillion dinars. 
Economic adviser, says that " a hundred million dollars from the British loan will be allocated in 2017 for desalination projects in Basra , " pointing out that "this loan is required to implement these projects British companies subject to the approval of the Iraqi government." 
The attention to the appearance of the "British loan is one of the long - term loans at an interest rate not to exceed a few one - half percent , " stressing that " the entry into force of the loan mortgaging our sponsorship for projects concerning water, sewage and desalination may also include electric projects." And it asserts that " the government began to withdraw money from these loans in 2016, which amounted to less than $ 5 billion , including the IMF and the Japanese loan, and the benefits of simple." 
In the same vein, he called the parliamentary virtue block, on Friday, to review the external borrowing policy of dependence on oil prices beginning in 2017, expressing its objection to borrowing regarded as a major source to fill the current budget deficit, as the government demanded that the "lack of urgency to borrow for future plans."  
A statement from the Office of the Prime bloc MP Ammar Tohme, received (range) a copy of it, " We reiterate our opposition to continued external borrowing as the main source to cover the deficit in the 2017 budget , especially since oil prices rose markedly from what it was the time of the preparation of the general budget than necessary appearance of this fruit the increase in reducing external debt and increasing internal and central bank reserves , "noting that" the experiences of the past years have proven that the actual expenditures by less significant than expected spending estimates. " 
Tohme said that " the object increases when the amounts of borrowing are very large , as is the case in the British loan that exceeds $ 12 billion, which has been lacking the actual need to borrow most of the amount that the premium mentioned to finance projects in this year does not exceed $ 500 million." 
The Chairman of Virtue bloc that " the rest of the loan scheme to benefit from it in the long future years , an issue linked to and influenced by oil prices and the ability to develop other non - oil and pressure and rationalization of expenditures budget resources on priority bases and the essential need and taking into account the sum of these factors may no longer needed or greatly reduced external borrowing. " 
Ammar Tohme and called for " a review of external borrowing policy and not rush to borrow for future plans, not actual needs of real - time lobbyist."

[yota691]

Parliamentary Finance announces the arrival of the size of the debt to $ 124 billion

By sd sd -

March 12, 2017
 

 

Parliamentary Finance announces the arrival of the size of the debt to $ 124 billion

Continued .

[jeepguy]

1 hour ago, yota691 said:

Parliamentary Finance announces the arrival of the size of the debt to $ 124 billion

By sd sd -

March 12, 2017
 

 

Parliamentary Finance announces the arrival of the size of the debt to $ 124 billion

Continued .

dang  it  there is half  of the budget  right there on the  table !    if  you enlarge  the photo ,  you see  the garbage can  where the dinar is stored ! 

[Wiljor]

Good morning Yota,  a super Sunday up to you   

By now you should be seeing more USD stacked up there then Dinar, the plan to dollarize has been fulfilled, now it's time to de dollarize 

[ChuckFinley]

Thanks again Yota. Man, I will second that Wiljor. Wiljor, is it me, or are does it seem that there is an awful lot of Banking and Financial news today?

[Wiljor]

5 hours ago, ChuckFinley said:

Thanks again Yota. Man, I will second that Wiljor. Wiljor, is it me, or are does it seem that there is an awful lot of Banking and Financial news today?

Sorry Chuck, I'm at work today and not much time to go through the forums but I will check and let you know later my friend 

[ChuckFinley]

3 hours ago, Wiljor said:

Sorry Chuck, I'm at work today and not much time to go through the forums but I will check and let you know later my friend 

No worries, enjoy the day.