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Found 9 results

  1. Luigi1


  2. A new tax in the budget.. 25 thousand dinars for every Iraqi traveler PolicyBreakingPublic BudgetIraqi ParliamentTravel Tax 2023-05-21 // 07:33 Shafaq News / A member of the Iraqi Parliament revealed, on Sunday, that there is a new tax in the general budget for the year 2023, which is expected to be approved by the parliament, pointing out that the tax is called "airport tax". Independent MP, Amir Al-Mamouri told Shafaq News agency, that there is a "reservation and objection by a number of parliamentarians to the paragraphs related to imposing taxes on citizens in the budget law, especially the airport tax." Al-Mamouri, a member of the Parliamentary Labor and Social Affairs Committee, said, "The draft budget law stipulates imposing a withholding tax of 25,000 dinars from every Iraqi citizen who intends to travel outside the country." "We do not know how the mechanism will be for deducting the amount from citizens who intend to travel, whether it is through an airline ticket or through fees from inside the airport and land ports," he added. Earlier, a member of the Parliamentary Transportation and Communications Committee, Karwan Ali Yarouis, revealed that there was a paragraph included in the budget requiring the return of taxes on mobile phone recharge cards, while the Minister of Communications, Hayam Al-Yasiri, denied re-imposing a tax on mobile phone and Internet recharge cards.سیاسة/ضريبة-جديدة-في-الموازنة-25-لف-دينار-على-كل-مسافر-عراقي
  3. Parliament awaits the budget from the government before December 9 Al-Forat News - 11/13/2022 14:54:59 The representative of the Kurdistan Democratic Party, Shirwan Al-Dobardani, called for the government to send the draft financial budget law for 2023 before the ninth of next December, that is, before the start of the legislative holiday after extending the work of Parliament for a whole month. Al-Dobardani said in a press statement, “The federal government is scheduled to send the draft budget law to the House of Representatives soon,” noting that “Prime Minister Muhammad Shia’ al-Sudani formed a committee to prepare the budget as soon as possible and send it to the House of Representatives.” He explained, “It is possible that the budget will be sent in the month of December next,” noting that “the ninth day of next December will witness the start of the second legislative recess, except in the event of an extraordinary session, so the budget should be sent before the holiday.” He pointed out that “the Finance Committee begins with the first reading, and in the second the amendments, and then vote on the paragraphs of the budget.” It is noteworthy that the fiscal year covered by the general budget law ends on December 31 of the same year, and the financial management law, which requires the disbursement of a part of twelve parts of the actual spending in the previous year, is being implemented until the issuance of the new general budget law. The size of the federal budget for the year 2021 was more than 101 trillion dinars, and the price of oil was estimated at $45 per barrel, but the price of oil has risen to nearly double that price. It is noteworthy that the program of the new government headed by Muhammad Shia’ al-Sudani made it a top priority to push the draft budget law for the year 2023 to parliament. In this regard, Finance Minister Taif Sami said in a statement, “The approval of the budget bill for next year will take place before the end of this year.” LINK
  4. I know, it's not Wednesday... Hey everyone! I mentioned recently that the "Weekly Updates" may be switching days - I expected the news to start getting busy, and that is now official! I haven’t picked a specific day yet, and I may not need to. The weekly updates won't be necessary once we have an RV, and the stars are lining up very nicely right now. Fingers crossed on that one. I’ll explain why below, and you might want to strap in for this one! First, the budget was submitted, signed, and looks like it will be passed, with a HUGE keynote - a significantly acceptable portion of the budget going to the Kurds. This has been a major point of contention between the parties over the years, in fact it’s possibly the biggest point of disagreement and reason for delays in the budget approval process in recent history. You can read the budget as it is written and posted here, but it needs to be published in the Gazette to be official. This may be happening yet this week, and if it does... that will be insanely quick. It's barely the first week of February!!! Last year the Budget was boycotted by the Kurds in March, and they threatened to secede over the disputes. THAT is how far we've come in a year!!! If you’re not already squirming, let me tell you - this is awesome news. A happy GOI is a GOI that we can get behind, because it’s one that is more likely to RV. And this is possibly the happiest we’ve ever seen them! That by itself may have been enough reason for me to send out a special email on most weeks, but this week - THIS week - we have more. Maybe MUCH more! I’m trying to contain my excitement, and I’ve been doing a pretty good job of staying (mostly) in my seat, but it’s getting more and more difficult. We may have an HCL agreement shortly! I’ve been on the verge of releasing this information for over a week, and I’ve only held off because THIS is the kind of movement we need to see for an RV to happen, and I didn’t want to release the news without a full confirmation. As the news keeps coming out, this is going to start getting press in other places, so you may as well hear it here. If you’ve been following me for any time now, you know I’ve been on an “HCL-requirement” kick for a couple years now. No HCL = no RV. I've harped on that for years... and now, after a long ride, it's not just on the horizon - it's coming at us, lights flashing and horns blaring! If you have NOT been with me for that long, let me introduce myself! Hi, I’m Adam Montana. The possibility of a Dinar RV has been in the works for a while now - over a decade, in fact. I’ve been following it, and helping tens of thousands of people avoid bad info, for the entire time. The summary on Iraqi Dinar is simple - back in 2003, the country of Iraq went through some stuff and their currency plummeted in value. It was once worth over $3 per one Iraqi Dinar, and now it’s worse than 1000 dinars to $1. It was even worse, so much worse that those of us who got in early enough have already doubled our money. But, and this is why most of us are here in the first place, it stands a fighting chance of going back to it’s former value, or “ReValuing”, upwards to the tune of 100x where it is now or even more. When that happens, those of us who have the current Iraqi Dinar (not the “old notes” with Saddam Hussein’s face on them) will be able to exchange at that higher value, winning us an amazing profit. It’s called a “windfall”, and it’s definitely a real thing. Here’s where yours truly comes in. Throughout this whole venture, and before most of us ever heard of the Iraqi Dinar, I’ve been fortunate enough to have contacts in places that matter to get the absolute best return on the exchange. Because of the loyal group of members here at dinarvets who have committed to work alongside my partners and I in this, we have formed the STRONGEST and BEST CONNECTED group of dinar holders in the world… and this gives us EVEN MORE leverage. It's a snowball effect, and it's a good place to be. In short, we’re going to put more money in our pocket than the average Joe or Mary that simply goes to the bank to cash in. Not only that, but the years of networking and planning for this event have allowed my contacts and I to put together the absolute best strategies for reducing tax liabilities, minimize risk, and even invest after the fact to increase our returns. The best part? There will be no “800 numbers” to call. The VIP group will NEVER part with their dinar as part of their exchange. And if you decide to pay the measly amount of money it costs to join the VIP group, you are ABSOLUTELY GUARANTEED to get a return on that expense when we cash in on the RV, or I’ll refund every penny you spent on VIP. Your time may be running out. Join VIP here, before it's too late. Back to the Dinar, for the past couple years I’ve been saying that we need to see progress on the HCL to see the RV. While other websites and “gurus” are talking about people already cashing in (fake news), or having “secret intel” on the timing of this event… I’ve been telling people to remain calm. That’s one of the reasons thousands of VIP members place their trust in my and the programs here, because I don’t fluff this stuff up just to get people excited. I do the opposite - if there’s nothing going on, I tell it like it is, no matter who gets mad at me for it. (It happens! ) Well… the time that we have been waiting on may be over. There is news out right now that is more encouraging regarding the HCL than ANYthing I have ever seen, and that means we’re almost there. It means this may be your last chance to get in VIP. Your chance to get in VIP may be over before I get this email sent out! And if the RV is announced, and you’re not in the VIP group - you’re on your own. No benefits, no tax benefits, and good luck to you. Now is probably the most URGENT time in this venture to get in VIP. Join here: Remember, there’s a money back guarantee. You have nothing to lose and a LOT to gain. See you in there! GOOOOO RRRRVVVVVV!!!!!!! - Adam Montana P.S. In reading the above, I see that I didn't explain why the HCL is important. In a nutshell, it's important to the Kurds so they get a fair share of oil revenue, and ties in very closely to their concerns on the budget. Both of those issues are melting away, right in front of our eyes. With these two things lining up at the same time, we have the most perfect situation to see an RV that I've ever witnessed. RIGHT NOW is an amazing time to be part of this situation!
  5. International Monetary: Iraq are optimistic to exceed the financial crisis 4/27/2017 0:00 Amid large government reforms hailed Baghdad / Alaa al - Tai expressed the International Monetary Fund ( IMF ) is optimistic to go beyond Iraq 's financial crisis, at a time when the new World Bank support for the country , revealing the allocation of $ 9 million for gas investment in it. The Iraqi delegation concluded talks with the IMF and the World Bank within what is known as »Spring Meetings» which lasted for days in the US capital Washington. A statement by the Ministry of Finance, followed the «morning», that « the delegation agreed with the representative of the International Monetary Fund for the Middle East and East Asia Christian nut, at the end of the talks , chaired by the Iraqi side, Minister of Finance Agency Abdul Razzaq al- Issa and in the presence of Prime Minister for Financial Affairs Advisor to the appearance of Mohammed Saleh and a number of financial and electricity, with the participation of the Iraqi ambassador in Washington , Farid Mustafa and officials of the ministries, the completion of meetings and joint coordination to contain the difficulties of the financial crisis. » He nut, according to the statement «optimism about the level of understanding achieved and progress with the Iraqi government», stressing that « the joint coordination and consultations will be completed in the near term will contribute to addressing the financial problems posed by the circumstances of war and its attendant economic implications that steps». President of the International Monetary Fund Christine Lagarde also stressed the importance of government reforms, expressing optimism the exit of Iraq from the financial crisis during the next term. In turn, Saleh said in an exclusive interview with »Sabah», that «at the level of readiness credit program with the IMF , there are two issues, the first: the ability to continue and develop the energy sector in a complex market conditions and suffered severe crises, while the other is prudent financial management that enabled the country overcome the financial plight over the oil revenues degradation, as well as large expenditures in the budget, which contributed to crush terrorism and liberation of man and the earth .. and finally the success of the price system and the stability of the general price level and the ability to balance by maintaining the level of security of the international reserves of Iraq. » This comes at a time when the new World Bank 's support for Iraq 's economic reforms and development through an integrated financial management system, praising the Iraqi government steps in the field of resource management. The statement said that « the World Bank representatives assured the Iraqi delegation that« economic reforms represent the need for prime access to an integrated system for the management of the financial operation of the state at the federal and local level », pointing out that« the meeting made it clear that a significant percentage achieved by the Iraqi institutions in this field .. What gives an area appropriate to the World Bank to support the budget and reconstruction projects within the time limits required to achieve its objectives. » According to the statement , the World Bank has been welcomed by »steps the Iraqi government in the field of resource management and the development of visions of reform in coordination with international organizations and financial institutions.» Alissa was announced earlier that the World Bank expressed its readiness to allocate nine million dollars to support the associated gas investment in Iraq. He said in a statement issued on the sidelines of the meetings that « the Iraqi government will intensify the work of the joint committee between the ministries of finance, electricity and oil to activate the associated gas investment and benefit from it in the operation of electric power projects.» Iraq resolves in the eleventh place among the nations of the world 's rich natural gas reserves of proven about 112 trillion cubic feet. In turn, the price of the Iraqi delegation Bank and the position of the Fund for international support of the country, and stressed orientation of the Iraqi government and its willingness to deal with remnants of war and the development of scientific programs for the next stage start of reconstruction does not end with education systems and job creation and the development of technical skills}. The World Bank promised to continue to support funding for programs to promote the various infrastructure and reconstruction.
  6. While everone was busy fearing death from ebola, squabbling over Ferguson, ISIS, or any number of media distractions, Americans were yet again sold down the river.... Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For 12/12/2014 07:52 -0500 inShare82 Courtesy of the Cronybus(sic) last minute passage, government was provided a quid-pro-quo $1.1 trillion spending allowance with Wall Street's blessing in exchange for assuring banks that taxpayers would be on the hook for yet another bailout, as a result of the swaps push-out provision, after incorporating explicit Citigroup language that allows financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp, explicitly putting taxpayers on the hook for losses caused by these contracts. Recall: Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when Mother Jones reported on it. Fortunately, they included the following image in their article: Unsurprisingly, the main backer of the bill is notorious Wall Street lackey Jim Himes (D-Conn.), a former Goldman Sachs employee who has discovered lobbyist payoffs can be just as lucrative as a career in financial services. We say explicitly, of course, because taxpayers have always been on the hook implicitly for the next Wall Street meltdown. Why? Exhibit A: US banks are the proud owners of $303 trillion in derivatives (and spare us the whole "but.. but... net exposure" cluelessness - read here why that is absolutely irrelevant when even one counterpaty fails): Exhibit B: Here are the four banks that are in complete control of the US "republic." At least we now know with certainty that to a clear majority in Congress - one consisting of republicans and democrats - the future viability of Wall Street is far more important than the well-being of their constituents. Which also, implicitly, was made clear when Hank Paulson was waving a three-page "blank check" term sheet, and when Congress voted through the biggest bailout of banks in US history back in 2008. The only question is when the next multi-trillion (or perhaps quadrillion now that all global central banks are all in?) bailout takes place. Source: OCC MORE: Wall Street Moves to Put Taxpayers on the Hook for Derivatives Trades Michael Krieger | Posted Friday Dec 5, 2014 at 3:43 pm Wall Street has for some time attempted to put taxpayers on the hook for its derivatives trades. I highlighted this a year ago in the post: Citigroup Written Legislation Moves Through the House of Representatives. Here’s an excerpt: Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when Mother Jones reported on it. Fortunately, they included the following image in their article: Unsurprisingly, the main backer of the bill is notorious Wall Street lackey Jim Himes (D-Conn.), a former Goldman Sachs employee who has discovered lobbyist payoffs can be just as lucrative as a career in financial services. The last time Mr. Himes made an appearance on these pages was in March 2013 in my piece: Congress Moves to DEREGULATE Wall Street. Fortunately, that bill never made it to a vote on the Senate floor, but now Wall Street is trying to sneak it into a bill needed to keep the government running. You can’t make this stuff up. From the Huffington Post: WASHINGTON — Wall Street lobbyists are trying to secure taxpayer backing for many derivatives trades as part of budget talks to avert a government shutdown. According to multiple Democratic sources, banks are pushing hard to include the controversial provision in funding legislation that would keep the government operating after Dec. 11. Top negotiators in the House are taking the derivatives provision seriously, and may include it in the final bill, the sources said. The bank perks are not a traditional budget item. They would allow financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp. — potentially putting taxpayers on the hook for losses caused by the risky contracts. Big Wall Street banks had typically traded derivatives from these FDIC-backed units, but the 2010 Dodd-Frank financial reform law required them to move many of the transactions to other subsidiaries that are not insured by taxpayers. Last year, Rep. Jim Himes (D-Conn.) introduced the same provision under debate in the current budget talks. The legislative text was written by a Citigroup lobbyist, according to The New York Times. The bill passed the House by a vote of 292 to 122 in October 2013, 122 Democrats opposed, and 70 in favor. All but three House Republicans supported the bill. It wasn’t clear whether the derivatives perk will survive negotiations in the House, or if the Senate will include it in its version of the bill. With Democrats voting nearly 2-to-1 against the bill in the House, Senate Majority Leader Harry Reid (D-Nev.) never brought the bill up for a vote in the Senate. Remember what Wall Street wants, Wall Street gets. Have a great weekend chumps.
  7. BAGHDAD (AP) — A senior Iraqi official says daily oil exports have shot up in February to 2.8 million barrels from nearly 2.3 million barrels in the previous month, thanks to a small group of international oil companies developing oil fields and export infrastructure. Iraq's Deputy Prime Minister for energy, Hussain al-Shahristani, also said Saturday in the southern oil-rich city of Basra that average production, including the exports, exceeded 3.5 million barrels per day last month. Al-Shahristani described the figures as "unprecedented." Iraq's daily oil production and exports have climbed steadily since 2011, nearly two years after Iraq awarded rights to develop its major oil fields to international oil companies. It holds the world's fourth largest oil reserves, some 143.1 billion barrels, and oil revenues make up nearly 95 percent of its budget. Source:
  8. Kurdish lawmaker: Delegation Arrives in Baghdad province and the agenda of his talks focused on finding immediate solutions to the problem of the budget Monday, February 17, 2014 13:23 [baghdad - where] Delegation arrived in the Kurdistan Regional Government on Monday to Baghdad to discuss outstanding differences on the federal budget and file oil. The official spokesman for the provincial government Sven Dzi had said on Sunday he was "in the framework of continuing the current talks in order to reach solutions to address the crisis between Erbil and Baghdad about my oil and Budget, will travel on Monday [today] Delegation Kurdistan Regional Government headed by Barzani to Baghdad." . He said the Kurdistan Alliance MP Mehdi Haji told all of Iraq [where] that "the delegation of the province arrived this morning in Baghdad, headed by the Prime Minister of the Kurdistan Regional Government Barzani," adding that "the talks will focus on emphasizing solving the outstanding problems through joint committees between Baghdad and Erbil, including for the management of the security file in the disputed areas, energy and the Peshmerga and the financial budget and Article [140] and the national partnership. " "The talks will focus heavily on the file of the budget and a two-lane, either to resolve recurring problem once and for all and own a share of Kurdistan, or resorting to exit temporarily in order to pass the budget for the benefit of the people," noting that "among these treatments immediate consensus on the budget this year, just like any other years and passed in parliament in the presence of deputies of the Kurds and the rest of the blocks. " It is scheduled to hold a delegation meeting with the provincial government of Prime Minister Nuri al-Maliki and Vice President for Energy Affairs Hussain al-Shahristani, to discuss the resumption of processing oil and my budget. The representatives of the federal government has demanded that the House of Representatives Amhalam this week for a meeting with the Kurdistan Regional Government to resolve the dispute of oil and the share of balancing the province of the budget for fiscal 2014, after holding the heads of blocs and parliamentary committees held a meeting with the government last Thursday to discuss the federal budget and the outstanding issues between the federal government and the province Kurdistan. ended 2.
  9. BAGHDAD / News Network Iraq - meeting saw the presidency of parliament with the leaders of political blocs in the presence of Minister executives at the center and the region atmosphere tense and conflicting opinions and open files precedent. Has revealed parliamentary source said in a statement today, that the Kurdistan region carrying two solutions only two to the cause of the financial budget and differences with the federal government about entitlements oil companies in the region., the source said, "The Minister of Natural Resources in the region carrying two solutions to the issue of the financial budget first is to pay the government for the $ 4.2 trillion dinars to the Kurdistan region and be within an item in the financial budget." and added that "The second solution is In that sells Kurdistan oil this amount directly to companies and receive this amount from these companies directly. "He explained that the solutions did not reach an agreement on them as the oil minister in the central government announced that an amount of pent-region of 10.5 trillion dinars was paid region to the center after selling oil How else are given this amount to companies and the center did not receive the proceeds from the sale of oil. The source indicated that "the oil minister proposed the idea of ​​relating that are transfers $ 750 billion dinars from the Ministry's budget to the Kurdistan region to be the amount in the budget for the Kurdistan region about the dues of oil companies trillion and 500 billion dinars as the atmosphere in the talks between the blocs was marred by tension and difficulty of reaching a solution. "turn pointed Chairman of the Board of Supreme Audit Abdel Basset Turki said the government has no right to allocate any amount of outside tables in the budget. He said the claims of some of the possible use of treasury transfers in bridging dues Kurdistan region is a violation of constitutional and legal government can not do without identified in the financial budget. He said the solution is to re-budget, to the government and increase to be covered dues Kurdistan. Among source said Haider Abadi, head of the Finance Committee between he can not increase the budget without increasing revenues. Herren added that any budget where revenues and expenses and can not increase expenses without increasing revenues and could Region Kurdistan to send his trust funds is ten trillion and a half in order to increase revenue and thus increase the budget ceiling. was chairman of the parliament's meeting with the heads of blocs and the ministers executives in the federal authority and the Kurdistan Regional Government.
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