IMF calls for Iraq not to enact laws that shackle the economy

[Carrello]

IMF calls for Iraq not to enact laws that shackle the economy

Monday, 16 January 2012

Twilight News / revealed the parliamentary finance committee on Monday that the International Monetary Fund called for in his recent visit to Iraq, the House of Representatives not to enact laws that contribute to undermine the growth of the Iraqi economy, indicating that the legislation of laws increase the operational budget at the expense of investment irritated the International Monetary Fund.

A member of the parliamentary Finance Committee Najiba Najib's "Twilight News" that "representatives of the International Monetary Fund in their recent visit to Iraq, met with the Chairman of the House of Representatives (Osama Najafi) and members of the Finance Committee and asked Council not to enact laws that hinder the growth of Iraqi economy."

The Finance Committee of the House of Representatives unveiled in early December of last year, from the threat of the International Monetary Fund raised its support for Iraq in the next year in the event of non-compliance with its terms and the last observation, particularly the reduction of the operating budget.

". Najib explained that "the IMF said that the increase in the investment budget will lead to many job opportunities, leading to reduce the size of unemployment in Iraq." 2012". It showed that "What irritated the International Monetary Fund is the continuing increase in the operating budget at the expense of investment and this is what was noted also in the budget in 2012."

The Iraqi government has approved the federal budget for 2012, worth U.S. $ 100 billion, an increase of 22 percent from the previous year.

The government has allocated the largest proportion of its budget for the energy sector, accounting for 17.48 percent of the budget group, followed by security and defense by 14.6 percent, and social services 13.28 percent.

http://www.shafaaq.com/sh2/news/economy-news/36571-2012-01-16-12-00-07.html

[SocalDinar]

Sounds like the budget is approved!

Great.

Now RV

GO SHABS

[k98nights]

Nice find!

[Carrello]

bump

[Abarvets]

Great find! I should have read this before Luigi's thread! Hey, I do not recall does the budget have to be published in the gazette before it is official?

[Patriotic_mess]

Great article, thanks for posting!

[fastarnie]

The Iraqi government has approved the federal budget for 2012, worth U.S. $ 100 billion, an increase of 22 percent from the previous year.

Read more:

I don't believe it. Not when they've delayed the second reading again. Would be nice, and I could be wrong.

[Papster]

Great find........things are moving now........GO DINAR

The Iraqi government has approved the federal budget for 2012, worth U.S. $ 100 billion, an increase of 22 percent from the previous year.

Read more:

I don't believe it. Not when they've delayed the second reading again. Would be nice, and I could be wrong.

who knows with all the reports of a second reading.............and now they are suppose to read it a second time again tomorrow.......so who knows.........GO DINAR

[Carrello]

Luigi brought this article over, I just helped to get it posted.

[Abarvets]

This was the article that Luigi was referring to? Ok, but my question remains as I did not see it in the gazette does the budget need to be published there to be official or does it just go into effect? Thank you in advance.

[E. 1999]

Great find! I should have read this before Luigi's thread! Hey, I do not recall does the budget have to be published in the gazette before it is official?

yes

[Butifldrm]

Thanks Carrello! Great Find!

[socaljeepnut]

Thanks for the post. Great Find. GoGoGoGoGo RV already!!!!!!

[easyrider]

Great find. Indeed, the IMF seems like they are telling Iraq to stop messing around and go ahead and implement the budget already

[Abarvets]

yes

Thak you E 1999! Appreciate you letting me know.

[thatoneguy]

YES! G'on now. Press conference already!

[E. 1999]

Thak you E 1999! Appreciate you letting me know.

Sorry for not throwing out some kinda link or something supporting that "yes" was in the middle of something els il look around and find you something that explains it if you want but from what i remember Indiana Jones i mean Adam Montana said a few times over that all that is needed is 1 reading and then it can be placed in the gazette but that doesnt mean they wont read it a second and third time...

[Carrello]

Let's bump this for the evening crowd.

[zigmeister]

boomp