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The value of the currency on the expert table

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My opinion, one way around Iraq getting loans is to have foreign investment in Iraq to address reconstruction, construction, and economic development. There will be issues directed toward infrastructure and various reconstruction considerations that will need to be directly addressed by Iraq and possibly through loans. There may also be bond sales that Iraq could make to generate funds to avoid borrowing as well. Whether foreign investment, bonds, or loans, the future of Iraq depends on the basis of Safety, Security, and Sovereignty. Substantial headway has been made where a few items may need to be brought to an acceptable threshold. These items could include removing corruption (Nouri al-Maliki et. al.), seating the Parliament, electing the Speaker, electing the Prime Minister, electing the President, passing remaining items (i.e. Article 140, HCL, etc.), and booting the Insanians from Iraq.

 

There has never been a better time than now and things are looking even better in the very near future in Iraq. The next few days to couple weeks could be chockablock full of good news.

 

Stay Tuned!!!

 

Just my conjecture, thoughts, opinion, and :twocents: for whatever THAT is worth!!! CAVEAT EMPTOR, Reader!!! :o

 

In The Mean Time.........................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:  :pirateship:

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Finance: the amount of budget deficit 19 trillion dinars and the increase in oil prices contributed not to borrow

  10280.jpg

 money and business

Economy News _ Baghdad

The Ministry of Finance confirmed on Thursday that the real budget deficit for the current year 2018 amounted to more than 19 trillion dinars, not 12 trillion, while noting that the high oil prices helped the government not to go to borrow. 
The Ministry of Finance Undersecretary Dr. Maher Hammad Johan said in a statement received by "Economy News" that "the deficit referred to is the result of increasing the volume of expenditures and reduce tax revenues by about 300 billion dinars, as well as spend trillions dinars to secure the suspension of the deduction rate of 3.8% The state that was in place during the past years, "pointing out that" the security expenditure of 1.4 trillion dinars has not been reduced, as well as increased quotas of provinces from the border crossings to more than trillion dinars. "
"There are amounts that did not appear in the budget, which are more than 500 billion dinars, and these guarantees should be paid to their owners," Johann said, adding that "emergency allocations of 3 trillion dinars had to be launched on October 1, Requirements of services in the provinces ". 
He pointed out that "the Ministry of Finance is repaying the debts and the benefits borrowed by the government during the financial crisis to provide salaries of state employees and the amount paid during this year 12 trillion dinars as a result of increased debt payments and dues." 
He pointed out that "
He pointed out that "the dues of oil companies are paid in kind of oil and not through the proportion of deficit planned in the budget," noting that "the increase in oil prices at the rate of $ 64 a barrel helped the government not to go to borrow." 
The Undersecretary of the Ministry of Finance, said that "his ministry is providing an amount of at least 6 trillion dinars in anticipation of the worst circumstances and this amount would secure the salaries of state employees and other important expenses for three months in the event of emergency," calling on the parliamentary committees competent or control or audit to audit all The figures are highly transparent. 
"The state is now moving toward restoring support to the private sector and moving the economic cycle in order to change the course of imports, which are draining a lot of money," he said.

 

Views 1274   Date Added 27/09/2018

http://economy-news.net/content.php?id=13799

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10280.jpg
 
  

 money and business


Economy News _ Baghdad

The Ministry of Finance confirmed on Thursday that the real budget deficit for the current year 2018 amounted to more than 19 trillion dinars, not 12 trillion, while noting that the high oil prices helped the government not to go to borrow. 
The Ministry of Finance Undersecretary Dr. Maher Hammad Johan said in a statement received by "Economy News" that "the deficit referred to is the result of increasing the volume of expenditures and reduce tax revenues by about 300 billion dinars, as well as spend trillions dinars to secure the suspension of the deduction rate of 3.8% The state that was in place during the past years, "pointing out that" the security expenditure of 1.4 trillion dinars has not been reduced, as well as increased quotas of provinces from the border crossings to more than trillion dinars. "
"There are amounts that did not appear in the budget, which are more than 500 billion dinars, and these guarantees should be paid to their owners," Johann said, adding that "emergency allocations of 3 trillion dinars had to be launched on October 1, Requirements of services in the provinces ". 
He pointed out that "the Ministry of Finance is repaying the debts and the benefits borrowed by the government during the financial crisis to provide salaries of state employees and the amount paid during this year 12 trillion dinars as a result of increased debt payments and dues." 
He pointed out that "
He pointed out that "the dues of oil companies are paid in kind of oil and not through the proportion of deficit planned in the budget," noting that "the increase in oil prices at the rate of $ 64 a barrel helped the government not to go to borrow." 
The Undersecretary of the Ministry of Finance, said that "his ministry is providing an amount of at least 6 trillion dinars in anticipation of the worst circumstances and this amount would secure the salaries of state employees and other important expenses for three months in the event of emergency," calling on the parliamentary committees competent or control or audit to audit all The figures are highly transparent. 
"The state is now moving toward restoring support to the private sector and moving the economic cycle in order to change the course of imports, which are draining a lot of money," he said.


Views 1306   Date Added 09/27/2018

 
 
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Logo of the Iraqi Ministry of Finance
Logo of the Iraqi Ministry of Finance

Roudao - Erbil 

confirmed the Ministry of Finance, Thursday September 27, 2018, the budget deficit in 2019 amounted to 19 trillion dinars, indicating that the oil companies pay dues in kind of oil directly, and that the increase in oil prices contributed to the lack of borrowing. 

"The deficit is more than 19 trillion dinars, not 12 trillion," said Undersecretary Maher Hammad Johan in a statement read by the Rwandan media network. "The increase in expenditure and the reduction of tax revenues by 300 billion dinars, Stop the rate of deduction of 3.8% of the salaries of state employees, which was in place during the past years, "pointing out that" the security expenditure of 1.4 trillion dinars has not been reduced, as well as increased quotas of provinces from the border crossings to more than trillion dinars. "

He added that there are "amounts did not appear in the budget, which are more than 500 billion dinars and these guarantees must be paid to the owners," noting that "there are emergency allocations amounted to 3 trillion dinars had to be launched on the first of October, but launched before its history to secure Requirements of services in the provinces ". 

Noting that "the Ministry of Finance is paying the dues and benefits borrowed by the government during the financial crisis to provide salaries of state employees and amounted to the amount paid during this year 12 trillion dinars as a result of increased debt payments and dues." 

"The volume of oil exports is 100 million barrels per month with a daily production rate of 3 million barrels," Johann said.

Pointing out that "the increase in oil prices helped the government not to go to borrow," pointing out that "the dues of oil companies are paid in kind of oil and not through the proportion of deficit planned in the budget." 

The Undersecretary of the Ministry of Finance said that "his ministry is securing an amount of not less than 6 trillion dinars in anticipation of the worst circumstances and this amount would secure the salaries of state employees and other important expenses for three months in case of emergency," calling on the parliamentary committees competent or control or audit to " The figures are announced by the ministry with high transparency, and the state is now moving towards restoring support to the private sector and moving the economic cycle in order to change the course of imports, which drain a lot of money.

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the Iraqi government to determine the proportion of budget deficit and staff salary cuts

The Iraqi government determines the percentage of budget deficit and deductions of salaries of employees

 Twilight News    

 5 hours ago

The Ministry of Finance said on Thursday that the real budget deficit planned for the current year 2018 amounted to more than 19 trillion dinars, not 12 trillion.

The Ministry of Finance Undersecretary, Maher Hammad Johan, said in a statement today that the deficit was due to the increase in the volume of expenses and the reduction of tax revenues by about 300 billion dinars, as well as spend two trillion dinars to secure the suspension of the deduction rate of 3.8% of the salaries of state employees that were in force During the past years, pointing out that the security expenditure of 1.4 trillion dinars has not been reduced, as well as increased quotas of the provinces of border crossings to more than trillion dinars.

He added that there are amounts that did not appear in the budget, which are more than 500 billion dinars, and these guarantees should be paid to their owners, pointing out that there are allocations of emergency amounted to 3 trillion dinars had to be launched on October 1, but launched before its history to secure the requirements of services in the provinces, Indicating that the Ministry of Finance is paying the dues of the debts and the benefits borrowed by the government during the financial crisis to provide salaries of state employees and amounted to the amount paid during this year 12 trillion dinars as a result of increased debt payments and dues

He pointed out that the volume of oil exports of 100 million barrels per month and a daily production rate of 3.2 million barrels per day and the price of $ 64 a barrel and these prices are $ 7 less than the prices of Brent crude standard and determined by monthly contracts that are affected by global prices, and we did not receive Something from the Kurdistan region oil.

He pointed out that the dues of oil companies are paid in kind of oil and not through the proportion of deficit planned in the budget, noting that the increase in oil prices at the rate of $ 64 a barrel helped the government not to go to borrow

The Undersecretary of the Ministry of Finance that his ministry is providing a minimum of 6 trillion dinars in anticipation of the worst circumstances and this amount would secure the salaries of state employees and other important expenses for three months in case of emergency.

He called on the competent parliamentary committees, or regulatory or audit, to check all figures announced by the ministry with high transparency, stressing that the direction of the state now moving towards restoring support to the private sector and move the economic cycle in order to change the course of imports, which drain a lot of money.


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Al-Tamimi: More than 67 trillion dinars Iraq's revenues in 9 months

12:01 - 13/10/2018

 
image
 
 

BAGHDAD - Mawazine News 
MP Majida al-Tamimi, on Saturday, the total revenues and actual expenditures achieved during the year 2018 for the period January to the end of September, pointing out that more than 67 trillion dinars Iraq's revenues during that period. 
"The oil revenues amounted to (60.436) trillion dinars, while the non-oil revenues (7,233) trillion dinars, a total of (67,669) trillion dinars," noting that "the balance of the first period Amounted to (3,129) trillion dinars, which means that the proportion of oil revenues is 89.32% compared to 10.68% of non-oil revenues. 
She pointed out that "the total current and investment balances by (54,332) trillion dinars, that is the current budget ratio is 79.09% compared to 20.91%."
Tamimi pointed out that "the average monthly salaries amounted to (3,899) trillion dinars, for the total workforce of ministries and departments funded centrally for the year 2018 (2,885,736)."

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http://iraqieconomists.net/ar/2018/10/29/د-مظهر-محمد-صالح-نحو-تسوية-المديونية-ا/....................

Dr.. The appearance of Mohammed Saleh: * Towards the settlement of official foreign debt of Iraq **: (Terms of the Paris Club Agreement Paris Club Terms)

- PUBLISHED ON 29/10/2018
The Republic of Iraq signed on 21 November 2004 an agreement with a group of official creditors of the Paris Club countries, which received a reduction of 80% of Iraq's sovereign debt [...]

On November 21, 2004, the Republic of Iraq signed an agreement with a group of official creditors from the Paris Club countries, whereby it obtained a reduction of 80% of Iraq's sovereign debt with that group of 19 countries, December 2004 was about $ 38.9 billion in nominal terms (of the total debt of the country initially estimated at $ 128 billion), which was called pre-1990 debt and was processed according to the following stages:

  1. Treatment of debt Principal Treatment

Three stages were adopted to achieve an 80% reduction in external debt:

 

Phase I: Phase l

Write off 30% of total debt (as it was) on 1 January 2005, under which Iraq received a reduction of $ 11.6 billion.

 

Phase II: Phase ll

A further 30 per cent reduction in total debt once Iraq signs an agreement

To continue reading please download a simple PDF printable file. Click the link below

Light on the terms of the Paris Club Agreement d. Appearance of Mohammed Saleh -

 
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Dr. Mazhar Mohamed Saleh *: Towards the settlement of official indebtedness
Foreign Affairs of Iraq * *: Terms of the Paris Club agreement

Club Terms
With his official creditors group

 

On 21 November 2004, the Republic of Iraq signed an agreement
From Paris Club countries, under which they received a reduction of 80% of Iraq's total debt
Sovereign with that international Group of 19 which has reached its total debt on
Countries

 

Iraq up to the end of January 2004 is about 9, 38 billion Durar in the total value of
The initially estimated debts of the pald at that time by about 128 billion Dualler (which was called
Pre-1990 and processed by stages:
1. Address the origin of religion Treatment Principal
A third phase was adopted to achieve 80% reduction in external debt:
Stage: L Phase
30% of total debt (as it was) was written off on 1/January 2005, as
Iraq to reduce the amount of 6, 11 billion dualler.
Phase 2: LL Phase
Further reduction of 30% of total debt as soon as Iraq signs an agreement 

 

Dr. Mazhar Mohammed Thalh towards settling Iraq's foreign official debt page 2 of 5
Arrangements by – Stand/SBA with the Monetary Fund
Billion doaler (i.e., at the time of the international signing, the reduction at this stage was about 6, 11
The programme with the Fund at the end of 2005. )
The remaining 40 (% of the debt at this stage) was scheduled for a period of 23 years, including
Grace period of six years.
Phase 3: LLL Phase
Another 20% final total reduction achieved by Iraq
On total debt, conditional
Of the SBA programme with the International Monetary Fund referred to in the maintenance and updating
Note the amount of the reduction for these results within the third year from the date of signing the programme. That
The stage was about 8, 7 billion Doaler.
To reduce the total
Thus, the debt treatments were terminated according to the third stages referred to above.
Iraq's foreign indebtedness to the Paris Club countries (19) of the 9, 38 billion Doaler to become
About 8, 7 billion doaler (i.e., 80% reduction) provided that the value is equal
The debt of religion with NPV net present value. For example, the debt of the sector was deducted
In particular, 35 million donaler and less per creditor (by private ratio), small debts
Almost 90% of the debt is out. She paid a benefit
The debtors in question are in cash (without scheduling)
About 10% of the value of the debt, which is equal to the discount rate of 80% if
Scheduled on condition that the value of the debt is equal to the net present value of the NPV. And we are on
For example, Iraq has paid approximately 450 million to thousands of creditors
Leon Dualler Cash
Small businesses for their dues of 4.5 billion dualler and a discount rate of about 10%
Almost. It is noted that the United quality is the first to reduce its indebtedness on the origin of religion
Iraq is 100%, and the Russian economy has reduced its official debt to Iraq by more than 

 

Dr. Mazhar Mohammed Thalh towards settling Iraq's foreign official debt page 3 of 5
On 94%, the two distinguished members of the Paris Club group are added to other countries
It has reduced its sovereign debts to Iraq by 100%, such as Cyprus, Slovenia and Malta.
(all from a group of countries outside the Paris Club.
and Algeria) recently

 

 Interest Treatment Treatment Interest-2
Interest accrued on the remaining 20% of the debt was capitalized on the accrued interest capitalization
On the remainder of the total debt to support (wash years) the six (after the signing of the agreement
Paris Club and according to the details built in the below: 

 

السنة رسملة الفائدة Interest Capitalization

100% 2005

100% 2006

100 % 2007

90 % 2008

73 % 2009

47 % 2010 2011 

Start payment after the expiration of the period

 

Dr. Mazhar Mohammed Thalh towards settling Iraq's foreign official debt page 4 of 5
 It is to be noticed that six years after the easing of the burden of cash flows (i.e., assistance to Iraq
To postpone the payment of the origin of the debt with a high degree of interest capitalization (total debt has become
Gradual payment of 17 years and a total of 34 (equal) semi-annual payments of debt wash a period of
It is 8, 7 billion Doaler. The payment of the debt was made in accordance with the principle of the reckless religion
Amortization) on 1/January/2011 and estimated) Negative 37, 0% and the second installment
On the date 1/January/2012 and estimated (negative 39, 0)% and the last batch will be in 1/
January/2028 and (negative 07, 5)% and it is one of the biggest payments that will be realized in that
The time. The annual benefit of the remainder of the debt that has been scheduled is about
 . 5, 8% Note
The terms of the Paris Club agreement apply to Iraq's debts with all its creditors (sovereign debt of
Outside the 54 countries of the Paris Club and the commercial debt and the many six thousand sides
Commercial creditor (within the principle of treatment equal approach in international law, the fact that the Convention
The Paris Club is a standard agreement that applies to all of Iraq's debts before 1990.
In conclusion, in order to implement the provisions of the Paris Club Convention and ensure its safe application, the appointment
The prestigious French banking financial institution known as LAZARD to perform the functions of financial advisor
and follow-up of the settlement mechanism of Iraq's scheduled debts with the group of Paris Club countries with outstanding.
(*) Iraqi researcher and economic clerk, Deputy governor of the former Central Bank and financial advisor
To former prime Minister Dr. Haidar al-Abadi
(* *) led the negotiating team to reach the Paris Club agreement to reduce the foreign indebtedness of the Republic of
Iraq's Adel Abdul-Mahdi and participated by a technical team composed by Dr. Sinan
Al-Shabibi, governor of the former Central Bank of Iraq, Dr. Aziz Jaafar and Dr.
Appearance of Muhammad Saleh and Dr. Ahmed Brihe Legal consultations were held with the office
International law Firm (Clare Gatlop) and other technical consultations with the International Monetary Fund
Of the decision of the International Council
Implemented in May 2003, No. 1483. After standing on

Papers in public debt
Dr. Mazhar Mohammed Thalh towards settling Iraq's foreign official debt page 5 of 5
Results of the so-called analysis Sustainability DEBT
, the signing ceremony of to support was held at Paris Club headquarters on 21 November
– November 2004, which led to adherence to write off more than 100 billion dollars of
Iraq's foreign debts.
Copyright is reserved for Iraqi network. Allows re-publication, subject to the source
Iraqi network. 29 October 2

http://iraqieconomists.net/ar/wp-content/uploads/sites/2/2018/10/ضوء-على-شروط-إتفاقية-دول-نادي-باريس-د.-مظهر-محمد-صالح-.pdf

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Date of release: 2018/11/8 11:44 • 380 times read
Iraq's debts in the budget of 2019
{Baghdad: Al Furat News} revealed a legal expert, on the volume of debt owed by Iraq.
"As a numerical table in the proposed budget bill 2019, it is clear to any follower that Iraq is drowning in its debts and the benefits of previous debts, which could reach the extent that it would lose more than 15% of its budget to repay these debts. Without the rise of oil prices, It would have been possible that these debts and their payments take up to 70% of Iraq's annual budget. " 
"If logic and fairness were the factor in Iraq, we would have reached a logical conviction to eradicate and eradicate all minds that have brought the country into this situation." 
Al-Asadi pointed to "a simplified part of the disaster (debt) of the interest of loans and the benefits of collateral for repayment and repayment installments, as the repayment of the benefits of loans and installments of debt and interest of the guarantee on Iraq for the next year 12770 billion dollars, as follows:
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%D9%81%D9%84%D9%88%D8%B3%D9%A2.jpg?resiz

Eighth electronic newspaper

Today revealed the legal expert, on the amount of outstanding debt owed by Iraq.

"There is a digital table in the budget bill for 2019 showing any follower that Iraq is steeped in very large debts that could make it one of the most indebted countries in the world, which may be so much that it will lose more," Gamal al-Asadi said in a statement. A quarter of its budget to pay off these debts, and if not for the rise of oil prices, it would have been possible that these debts and payments take up to 70% of Iraq's annual budget.

Jamal al-Asadi said: "If it was logical and fair is the factor in Iraq, we may reach a logical conviction to eradicate and eradicate all minds that brought the country to this case."

Al-Asadi revealed "a simplified part of the disaster (debt) of the interest of loans and the benefits of collateral for repayment and repayment installments, as the repayment of the benefits of loans and installments and debt and interest of the guarantee on Iraq for the next year 12770 billion dollars, as follows:

1. World Bank 151 billion dinars, or 125 million dollars

2 - The International Monetary Fund 70 billion dinars, or 58 million dollars.

 

3 - GICA 45 billion dinars, or 37 million dollars.

 

4 - Italian 1.9 billion dinars, or one million and 500 thousand dollars.

5 - Islamic Development Bank 3 billion dinars, two million and a half million dollars.

6. Bank of Japan 16 billion dinars, or 13 million dollars.

7 - German bank 15 billion dinars, or 12.5 million dollars.

8 - The American bank 290 billion dinars, or 240 million dollars.

9- The British Bank 37 billion dinars, or 30 million dollars.

 

10. The Swedish bank is 8 billion dinars, or 6.6 million dollars.

11. The Chinese bank is 15 billion dinars, or 12.5 million dollars.

12 - German company Siemens 16 billion dinars, or 13.3 million dollars.

13- Guarantee exports 59.46 billion dinars, or 49.5 million dollars.

14. Sovereign guarantees: 19.266 billion dinars, or 15 million dollars.

15. The French bank 5.5 billion dinars.

16. International Fund for Agricultural Development (IFAD).

17. The Saudi loan interest is 1.8 billion dinars.

18 - The interest of the Kuwaiti loan 5 billion dinars.

19- The Italian loan interest is 28 billion dinars.

20 - Benefits of the Arab Fund for Economic Development, 129.465 billion dinars.

21. The benefits of housing loans for employees in liberated areas 20 billion dinars.

22. Benefits of external debt restructuring Paris Club 207.559 billion dinars.

23. The benefits of debt restructuring outside the Paris Club are 225.600 billion dinars.

24 - Benefits of the Arab Monetary Fund's receivables 838 million dinars.

25 - The interest of bonds to extinguish the debts of the private sector abroad 191.484 billion dinars.

26 - The interest of foreign debt bonds 117 billion dinars.

27 - The benefits of treasury transfers 65 billion dinars.

28 - The benefits of old treasury transfers 70 billion dinars.

29- The benefits of treasury transfers under the legal reserve are 38 billion dinars.

30 - The benefits of treasury transfers according to the transfer of the Iraqi Bank for Trade 40 billion dinars.

31 - The benefits of treasury transfers under the transfer of financing of oil companies 80 billion dinars. 32 - The benefits of treasury transfers discounted by the Central Bank 850 billion dinars. 33. The benefits of treasury transfers through the pension fund are 13 billion dinars.

34- The interest of the loans of resolution 314 for 2014 {1.4} billion dinars.

35 - The benefits of loans granted by the Iraqi Bank for Trade 48 billion dinars.

36 - The benefits of national bonds 200 billion dinars.

37- The benefits of treasury remittances by resolution 50 for 2014 is 120 billion dinars.

38. The benefits of treasury transfers No. 74 and 70 for 2015 are 140 billion dinars.

39- Payment of the issuance of old treasury remittances 200 billion dinars.

40 - Payment of local bond premiums of 2100 billion dinars.

41- Paying the installments of the treasury transfers auctions 1100 billion dinars.

42 - compensation of the war in Kuwait 1553 billion dinars.

43- Treasury transfers by the Iraqi Trade Bank 200 billion dinars.

44- Remittances of Treasury Transfers Transfer of financing of foreign oil companies 610 billion dinars.

45 - Premiums of treasury transfers deducted by the Central Bank of Iraq 1000 billion dinars.

46 - Payments of treasury transfers granted by the Pension Fund 150 billion dinars.

47- Payments of treasury remittances under the resolutions of {97 and 100} for the year 2013 {150} billion dinars.

48- Payments of remittances by virtue of the decision of {50} for the year 2014 {300} billion dinars.

49- Payments of remittances by virtue of resolutions {74 and 70} for the year 2015 {300} billion dinars.

50- Loans installments under Decree 314 of 2014 {50} billion dinars.

51 - Loans granted by the Iraqi Bank for Trade 150 billion dinars.

52 - installments of loans to public companies for the salaries of employees of 1200 billion dinars.

53- Payments of treasury transfers under the legal reserve of 500 billion dinars.

54- Installments of external debt restructuring Paris Club 697 billion dinars.

55- Payment of restructuring fees outside Paris Club 200 billion dinars.

56 - Settlement of external debt 118 billion dinars.

57- The Arab Fund for Economic Development (AFDD) installments of JD 371 million.

 

58- Technical settlement of small debts in the private sector 17.7 billion dinars.

59- Installments of the Arab Fund for the debt restructuring agreement 46 billion dinars.

60 - World Bank loan installments 96 billion dinars.

61- International Monetary Fund loan repayments 905 billion dinars.

62-installments {JICA} loans 174.5 billion dinars.

63 - Italian loan installments of one billion dinars.

64- Islamic Development Bank loan installments KD 1 billion.

65- JBIC loan installments in Japan are JD 2 billion.

66 - German loan installments of one billion dinars.

67 - US loan installments 372 billion dinars.

68- British loan installments 56 billion dinars.

69 - Swedish loan installments 12 billion dinars.

70 - Chinese loan installments of two billion dinars.

71 - installments of the German loan Siemens billion dinars.

72 - French loan installments of 5.5 billion dinars.

73. The loan installments of the International Fund for Agricultural Development (IFAD) are one billion dinars.

74 - Saudi loan installments 1.8 billion dinars.

75 - Kuwaiti loan installments 5 billion dinars.

76- Italian loan installments (ACI) 36 billion dinars.

77 - Russian loan installments 236 billion dinars.

78- Loan installments JBIC to two billion dinars.

The total amount of these benefits and repayments to Iraq about 15,324 billion Iraqi dinars, which means 12770 billion US dollars.

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Learning how to manage money 💰 has always been more difficult for folks who find it so much easier to just steal it.....then beg for more money 💰 because of the present “ crisis “

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Iraqi party: the debts of the country 124 billion dollars and we will reveal scandals of the Ministry of Oil

Iraqi party: the debts of the country 124 billion dollars and we will reveal scandals of the Ministry of Oil



 Twilight News    
 one hour ago

The head of the party "competencies" Haitham al-Jubouri on Friday for his diligent to uncover files of corruption in the ministries of the Iraqi state, including the Ministry of Oil, which described its corruption with the scandal.

Jubouri pointed out that Iraq's foreign and internal debts amounted to 124 billion dollars, noting that 40 billion dollars of those debts belong to the Gulf countries to support the regime of Saddam Hussein in the war on Iran, and those countries did not talk with Baghdad about those funds, and there is 33 billion dollars To foreign countries and international financial institutions, and 51 billion of them as domestic debt.

Al-Jubouri spoke at the symposium of the political decision-making center for studies on the reality of oil export and production. He explained that Kirkuk oil is used to meet the local need only for the difficulty of transporting it from the Kirkuk fields. The local need is 600 thousand barrels per day, To the extent of scandals to be disclosed and make efforts with other ministries suffering from the same problem where some foreign workers earn 70 thousand dollars and our youth is unemployed. "

As for the collection of money and taxes, Jubouri said: Most countries in the world rely on their sources of income on taxes and charging fees in return for providing services to citizens, but in Iraq we are suffering from the problem of the inability to provide services suited to the state tax and taxes, and this makes the citizen is not convinced.

Jubouri spoke to the decision center about the Finance Committee in Parliament, proposing to divide it into two financial committees, and another call it the Budget Committee and the final accounts, and said that there is a problem of inability to audit the final accounts provided by the Office of Financial Supervision because of time and problems.

He also stressed the existence of a great disappointment because of the pressure exercised by corrupters who hinder the efforts of detection of the money and tools and armies ready for electronic dotting.

Jubouri expressed his satisfaction with the efforts made to allocate 30% of the collection funds in the provinces to meet their needs of service, while 70% goes to the state treasury.

Keywords: 


 

 
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This is a few days old

 

Iraq's National Debts on the Rise: MP

 

 

 BasNews

 18/12/2018 - 02:02

 
 
Iraq's National Debts on the Rise: MP
 

ERBIL - Iraq's national debts have reached $ 140 billion, a member of the parliamentary economic committee revealed on Monday, predicting the country to finish the repayment by 2056.

"The Parliamentary Finance Committee is aware of Iraq's national debts and the amount of the budget which has been allocated to the ministries," Adnan Zwrfi, a member of the committee, said in a statement.

The official also noted that they are trying to make an economic plan to reduce the expenses, urging the federal government to prepare an accurate data on the expenditures.

In a separate statement made previously, Haisam al-Jabouri, a member of the same committee, said that Iraq's debts were $ 124 billion, explaining that $ 40 billion of them are to Arab Gulf states.

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111075.jpg?width=750&&height=375

 
2018/12/29 14:04
  • Number of readings 70
  • Section: Iraq
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Deputy: Iraq will remain in debt until 2070

BAGHDAD / The obituary: The MP of the coalition of the morning of the morning of October 29, 2018, that the current budget is not in the interest of the Iraqi people because it will keep Iraq loaded with debt until 2070 after the period of indebtedness ends in 2054 as a result of loans incurred in previous budgets, Noting that the parliament gave the government committee 47 points and a note on the budget, but the Committee approved only 19 amendments.

Al-Uqaili said in an interview with Al-Masala that "the House of Representatives, and not for fear of considering the House of Representatives impeding the budget and does not want to approve it and the result of popular pressure on the street and demands to provide services we would have another option to the budget and our work to bring them back to the government to change radically."

He added that "the House of Representatives submitted to the State Committee 47 points and a note called for reform of the budget, but what happened that the Committee approved only 19 amendments," stressing that "the budget in its current form is not in the interest of the Iraqi people and will carry us debt for twenty years to come."

He continued that "Iraq until 2054 will remain loaded with debts as a result of accumulated loans, and what was put in the current budget will strengthen the period to 2070," pointing out that "we have spaces through which we can address the positions, especially that the people sitting without work and most of them unemployed and the state did not open them And at the same time did not give them opportunities to work within their own country. " 

The House of Representatives held its session held on Monday 24 December 2018 report and discuss the federal budget for the fiscal year 2019.

Follow the obelisk

http://almasalah.com/ar/news/159719/نائب-العراق-سيبقى-محملا-بالديون-حتى-عام-2070

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Hhmm . . . You could RI/RV your worthless toilet paper currency . . . or just BORROW an obscene amount of money. Refinance your debt don't ya know.

 

Y'all just keep going on the way ya are . . . no worries.

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Iraq will remain in debt until 2070

Well, join the crowd. That's the name of the game, isn't it? Every country out here is in debt and will remain in debt until hell freezes over or it RVs and they take it all for taxes.  So, I don't know that I am so concerned about Iraq being in debt. It cost to have a government up and running. Take care of your people and get it done boys.

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2 hours ago, 10 YEARS LATER said:

Hhmm . . . You could RI/RV your worthless toilet paper currency . . . or just BORROW an obscene amount of money. Refinance your debt don't ya know.

 

Y'all just keep going on the way ya are . . . no worries.

 I think they did  ( 10 years later )   they mus have just borrowed a bunch from japan , some from china ,  and I bet a few other s have jumped into the loan and oil return  cash business ...   and Iraq must be using that promise of cash too obtain that good credit ratings, something is a miss in the  desert fun box  

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On 11/14/2018 at 7:36 AM, yota691 said:

The total amount of these benefits and repayments to Iraq about 15,324 billion Iraqi dinars, which means 12770 billion US dollars.

Interesting... 12770 x 1.2 = 15,324  Delete the zeros is now showing up?  (1190 is now 1.190 or 1.2)

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The total amount of these benefits and repayments to Iraq about 15,324 billion Iraqi dinars, which means 12770 billion US dollars. yup...it is a 1 dinar to 1.2 dollars

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U can see from the figures that the 2019 has carried a reva

luation of the IQD...see below: 

German bank 15 billion dinars, or 12.5 million dollars.

8 - The American bank 290 billion dinars, or 240 million dollars.

9- The British Bank 37 billion dinars, or 30 million dollars.

 

10. The Swedish bank is 8 billion dinars, or 6.6 million dollars.

11. The Chinese bank is 15 billiondinars, or 12.5 million dollars.

12 - German company Siemens 16billion dinars, or 13.3 million dollars.

13- Guarantee exports 59.46 billiondinars, or 49.5 million dollars.

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      "The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole,” wrote Prof. Quigley, who agreed with the goals but not the secrecy. “This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations."

      But it is not going to happen, Hudes said — at least not if she has something do to with it. While the media are dominated by the “power grabber” network, Hudes has been working with foreign governments, reporters, U.S. officials, state governments, and a broad coalition of fellow whistleblowers to blow the entire scam wide open. There has been quite a bit of interest, too, particularly among foreign governments and state officials in the United States.

      Citing the wisdom of America’s Founding Fathers in creating a federal system of government with multiple layers of checks and balances, Hudes said she was confident that the network would eventually be exposed and subjected to the rule of law, stopping the secret corruption. If and when that happens — even if it may be disorderly — Hudes says precious metals will once again play a role in imposing discipline on the monetary system. The rule of law would also be restored, she said, and the public will demand a proper press to stay informed.

      “We’re going to have a cleaned-up financial system, that’s where it is going, but in the meantime, people who didn’t know how the system was gamed are going to find out,” she said. “We’re going to have a different kind of international financial system.... It’ll be a new kind of world where people know what’s going on — no more backroom deals; that’s not going to keep happening. We’re going to have a different kind of media if people don’t want to be dominated and controlled, which I don’t think they do.”

      While Hudes sounded upbeat, she recognizes that the world is facing serious danger right now — there are even plans in place to impose martial law in the United States, she said. The next steps will be critical for humanity. As such, Hudes argues, it is crucial that the people of the world find out about the lawlessness, corruption, and thievery that are going on at the highest levels — and put a stop to it once and for all. The consequences of inaction would be disastrous. 

      http://www.thenewamerican.com/economy/economics/item/15473-world-bank-insider-blows-whistle-on-corruption-federal-reserve?utm_source=feedly
       
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