Finance will propose a budget of $ 100 billion, based on $ 70 oil

[yota691]

Finance will propose a budget of $ 100 billion, based on $ 70 oil

WEDNESDAY, NOVEMBER 2 / NOVEMBER 26, 2014 18:41 XYZ   

Twilight News Finance Minister Hoshiyar Zebari / said Wednesday that the government will soon proposed budget for 2015 of $ 100 billion, based on a price of $ 70 per barrel of oil.

Reuters quoted a statement seen by "Twilight News" Zebari as saying, "We propose budget of $ 100 billion. This is to be expected."

"We have built our expectations based on the price of about $ 70 a barrel. This has changed. There are no assurances or guarantees."

Oil prices have recently tumbled below $ 80 per barrel, down from about $ 120 a barrel a few months ago.

Iraq relies on oil imports to finance 95 percent of its budget. The country exports about 2.5 million barrels per day.

Hoshyar Zebari: 2015 budget we will propose $ 100 billion

7:22: 11/26/2014

 

Khandan - Minister of Finance announced in the federal government, Hoshyar Zebari, it will be submitted to the government soon, the budget proposed for 2015 worth $ 100 billion based on a price of $ 70 per barrel of oil. Zebari said in remarks told Reuters: "We propose budget of $ 100 billion. This is to be expected. " The Minister of Finance, "We built our expectations based on the price of about $ 70 a barrel has changed. There are no assurances or guarantees." The Iraqi Oil Minister Adel Abdel Mahdi told Parliament earlier, he expected based on budget 2015 $ 80 price for a barrel of crude.

[Texstorm]

Okay so obviously we are watching their every move and I am very pleased with their progress. Where is the last piece of the puzzle ? Thanks/ Yota !

[yota691]

Jubouri likely received the 2015 budget next Saturday, the parliament will vote on the report read Spyker

 BAGHDAD - Iraq Press - November 27: After the statement   , Finance Minister, Hoshyar Zebari, said he "will be presented to the government soon budget that proposed for 2015 worth $ 100 billion based on a price of $ 70 per barrel of oil, most likely  head of the House of Representatives, Saleem al-Jubouri, Thursday, Parliament received the draft financial budget law for 2015 from the government on Saturday.

 

 

 

 He said a source familiar with that, "the speaker of parliament, told the House of Representatives at the beginning of the parliamentary session, today, that there is a high probability that in the budget of up to parliament next Saturday coincides with the cancellation of legislative recess until the completion of the budget and approval."

 

 

 

 It is said that Parliament voted at its regular meeting held on Thursday, led by Salim al-Jubouri, and the presence of 205 deputies of the total 328 deputies to read the first report of a crime Spyker first reading, with includes its first reading schedule for the project Cancel dissolved Revolutionary Command Council Resolution Act 959 for the year 1978, and the first reading of the draft law to encourage anesthetist, and the first reading of the draft law regulating the work of consultants, as well as listed on the vote count Daash crimes of genocide on the agenda decision. Admiral ended 

[yota691]

Turaihi: Karbala budget will be reduced to 40% for the current year Details Group: economy Published on Thursday, 27 October 2 / November 2014 15:24 Posted By: Jawad dreams Visits: 2

Karbala / Center Brief for the Iraqi Media Network ( IMN ) - Governor of Karbala Aqeel Turaihi, said the province's budget will be reduced to 40% from this year's budget, pointing out that the delay in adoption of the current year's budget, a negative impact on the province and will increase this effect more fully in the next year.

 

He said Finance Minister Hoshyar Zebari, said that the budget bill for next year - which amounts to nearly $ 100 billion - will be discussed soon in the Council of Ministers, after the adoption of the current year's budget.

 

He explained Turaihi's ( IMN ), that "the province need to be at least 800 billion dinars, within our ability to schematic implementation, and this is what we had planned it this year, but it dropped to 320 billion dinars, and did not acknowledge and cut in the next year." .

 

It is noteworthy that many of the projects in Karbala, experiencing great reluctance; because of the adoption of the general budget of the country.

 

It is scheduled to hold a cabinet, on Thursday, a special meeting to resolve the current year's budget.

From: Ibrahim Saleh, the Open: Mohammed Tayeb

 

 

[yota691]

Iraqi Oil Minister: production will reach 3.8 million barrels per day in 2015

1:28: 11/27/2014

 

Khandan - Expect Iraqi Oil Minister Adel Abdul-Mahdi, increase Iraq's oil production to 3.8 million barrels per day in 2015.quoted "Reuters" for Abdul-Mahdi, said he expected to increase Iraq's oil production to 3.8 million barrels per day in 2015, including production of the Kurdistan region. He said Iraq's oil minister, said that exports would reach an average of 3.2 million barrels a day. He was finance minister in the federal government, Hoshyar Zebari, announced yesterday that it will be submitted to the government soon, the budget proposed for 2015 worth $ 100 billion based on the price of 70 dollars per barrel of oil.

Read more: http://dinarvets.com/forums/index.php?/topic/191487-iraqs-oil-exports-rise/#ixzz3KGVAAI4p

[yota691]

Aajl..zibari announce the allocation of a quarter of the budget in 2015 for the security file by about $ 23 billion

Thursday, 27 October 2 / November 2014 17:14

 

[Follow-where]

 

Finance Minister Hoshyar Zebari said on Thursday that "23% of the budget for fiscal 2015 totaling $ 100 billion [108 trillion Iraqi dinars] allocated to defense and security."

 

And arithmetic, the size of this percentage of the budget according to what he said Zebari will be $ 23 billion [24.8 trillion Iraqi dinars] follows ..

[drj]

Okay so obviously we are watching their every move and I am very pleased with their progress. Where is the last piece of the puzzle ? Thanks/ Yota !

 

The last piece of the puzzle...RV!  

[brbrlocke]

Thank You Yoda

[ronscarpa]

Thanks for the numerous good articles Yota691...(+1)   

[Nadita]

Yota

 

You rock..  $70/barrel is a good price as OPEC will bring the price down for not cutting the output.  Hopefully they vote yes to the budget on Saturday

 

Thanks for all you do, Yota!

[new york kevin]

Thank you Jesus!!! A good conservative ppb, $70. A cancelation of the December vacation break. A guesstimation of voting on it this coming Saturday, or next Saturday   ; gooderer and ok. A hope held out that they may actually vote and pass this budget before going on vacation priceless.  

Oh yeah and thanks Yota.

[deniscanada]

One thing I find strange is that ISIS controls a large chunk of the oil fields in the north and Iraq is expecting to produce more oil "3.8 million barrels per day in 2015" than before they lost the oil fields in 2013-2014 

[Jrose]

I took a little break from the dinar world and I could not be happier with what I have been reading in last week!! Very uplifting...

[ChuckFinley]

Thanks Yota. Happy Thanksgiving to all my Dinar Investors.

[Boozer]

I thought the Budget was to pass today Thursday, Now its Saturday , Hope They don't go back to the Maliki Days and postpone ever time something come's up. I take it There going to work thru the Holidays of December . Thanks Yota, and A Happy Thanksgiving to you ALL ! 

[NoviceInvestor]

Thank you Jesus!!! A good conservative ppb, $70. A cancelation of the December vacation break. A guesstimation of voting on it this coming Saturday, or next Saturday ; gooderer and ok. A hope held out that they may actually vote and pass this budget before going on vacation priceless.

Oh yeah and thanks Yota.

Agreed and Amen to that

[captl1]

Outstanding! Thanks Yota for your hard work. Happy Thanksgiving to you and yours and to all of DV. And God Bless Us All!!!#

[RodandStaff]

Sandfly Yota as always...and such a busy guy...but of late the news has been especially outstanding!!!;o)

Happy Thanksgiving Y'all!!!

Edited November 27, 2014 by RodandStaff

[Candy01]

new york kevin,

 

I could NOT agree MORE with your post!!  And I am PRAYING very HARD you are RIGHT!!

 

[yota691]

Jabouri: Notes Zebari deferred discussion on the budget to the Saturday session

Date: 11/27/2014 20:20

 

Information / special / .. 
A spokesman for Prime Minister Haider al-Abadi's office, on Thursday, that the observations and Finance Minister Hoshyar Zebari deferred discussion on the budget for next Saturday's meeting, saying there is a large weightings approval of the budget next Saturday and then send it to parliament before the legislative recess. 
He spokesman Abadi Office tributary Jabouri told / information / "The Council of Ministers held an extraordinary its next session on Thursday to discuss the budget in 2015," noting that it "has to discuss the general principles of the budget of the study and points of detail." 
He added that "Finance Minister Hoshyar Zebari made ​​some observations During the session, was assigned financial reconsider about the notes, "noting that" the Council postponed its meeting to next Saturday. " 
Jabouri said that "the postponement came not to vote the cabinet in its meeting today on the budget," adding "there is a large weightings adoption of the budget on Saturday next and then sent to parliament before the legislative recess ".anthy / 25 h

[captl1]

Thanks Yota and good morning.

[yota691]

Zebari: financial agreement between the province and the center was very important and the government continues to address all the problems

 

      Friday   28   November   2014 | 20:59

 

 

 

 

 

 

 

Finance Minister Hoshyar Zebari said that the financial agreement between the province and the center was very important and helped to calm things down and there delegation will follow up the outstanding problems.

 

He Zebari said in an interview with Channel "event", that $ 134 billion has been allocated to the budget that the 2015 deficit is estimated forty billion dollars, stressing that he will be questions in Parliament during the discussion, but there is a need because everyone is aware of the need to cooperate with the government for approval, He explained that it would be for the security and the army major share of them.

 

He Zebari that the government continues to address all outstanding issues, including the arming of tribes and PDF crowd who will attach them to the National Guard, pointing out that Daash defeated in Saadia and Zammar and drunken Mosul Dam and Swanha therefore project arming tribal strategic for the government.

[sandfly]

THANKS

[yota691]

Weightings of the Finance Committee Income: budget in 2015 could reach 150 trillion

11/29/2014

 

 

BAGHDAD / JD / .. tipped the parliamentary finance committee, and the arrival of the general budget for 2015 to the House of Representatives on Sunday to discuss and vote on them, as pointed out that the budget could reach 150 trillion Iraqi dinars based on the sale price of a barrel of oil at $ 70.

A member of the committee MP Abdul Qader Mohammed told / BD /: "The problem concerning the budget of the Ministerial Committee last meeting will be held on Saturday at four o'clock in the afternoon, and the budget will be sent to the House of Representatives on Sunday morning."

He added: "The leaked information indicates that the budget is estimated at 150 trillion Iraqi dinars placed on the basis of the sale price of a barrel of oil at $ 70 and the rate of export of more than 3 million barrels of oil."

The Finance Minister Hoshyar Zebari has confirmed that the proposed budget for 2015 totaling $ 100 billion, while noting that Iraq will spend about a quarter of its budget on security and defense next year

Zebari said in an interview with Reuters news agency: In the 2015 budget, which we are going to be submitted to the Cabinet very soon, will be allocated approximately 23% of the defense, and this is a huge amount .. The government will act according to its commitment to all military contracts with the United States and other countries "./anthy/8/

 

[yota691]

The government did not vote on the project Almoisna..khvd price of a barrel of oil to $ 64

 

 

BAGHDAD - Iraq Press - November 29: early detection, Saturday source, that the Council of Ministers did not vote at today's meeting on the draft federal budget for 2015 Act.

 

The source told / Iraq Press / "The Council of Ministers decided in its meeting today re-pricing of oil in the draft budget for fiscal 2015 Act from $ 70 to $ 64 or less to reduce the fiscal deficit in the existing size."

 

The source also confirmed that "the Board decided at today's meeting to form a committee to review the state spending and will review the expenses of ministries to reduce the budget deficit ratio." Q ended. P.