yota691 Posted February 18, 2018 Report Share Posted February 18, 2018 Parliamentary finance reveals a request by the International Monetary Fund to Iraq related to oil Since 2018-02-18 at 13:18 (Baghdad time) Special - Mawazine News A member of the Finance Committee MP Masoud Haider, on Sunday, the need to regulate taxes within a special law away from the general budget, noting that the International Monetary Fund demanded Iraq to increase non-oil revenue and turn its economy to non-oil, even partially by 20-25%. "The government was clear to impose taxes on some private sectors and according to the law," he said in an interview with Mawazin News. "The International Monetary Fund has demanded that Iraq increase its non-oil revenues and turn its economy into non-oil, % To be like other countries. " He added that "the Parliamentary Finance Committee considers it necessary to regulate taxes through a special law, but the Iraqi government put it within the budget for the year 2018," saying that "if tax was imposed on citizens in the way that exhausts, the House of Representatives has the right to reject it or Vote on them through the discussion of the General Budget Law, which is difficult to pass because of the opposition of Kurdish MPs and Sunni blocs and some of the provinces of oil-producing provinces. " The MP for the State of Law Mansour al-Baiji pointed out in a statement that there is a tendency to impose new taxes on citizens by the budget of 2018 under pressure from the World Bank to grant loans to the country. 1 3 Quote Link to comment Share on other sites More sharing options...
TOMINVEGAS Posted February 18, 2018 Report Share Posted February 18, 2018 "The International Monetary Fund has demanded that Iraq increase its non-oil revenues and turn its economy into non-oil, % To be like other countries. " They have been telling them them to do this for as long as I can remember— seven eight years or so.... 2 Quote Link to comment Share on other sites More sharing options...
currenzcraze Posted February 18, 2018 Report Share Posted February 18, 2018 They need to call in the notes for ailure to comply with the terms of the loans to break them financially then maybe just maybe they will adjust the currency. Quote Link to comment Share on other sites More sharing options...
jeepguy Posted February 18, 2018 Report Share Posted February 18, 2018 (edited) 1 hour ago, yota691 said: to increase non-oil revenue and turn its economy to non-oil, even partially by 20-25%. see if I remember what they have over their , mmm, clothing , ( import ) automobile industry (import) footwear (1/2 import ---other half, sandals ,made at home from oil products like auto tire treads ) home appliance (import) medical (1/2 import , other half voodoo ) <---- that might not be true then there is the made at home stuff I suppose , housing ( non imported / domestic ) livestock farming ( domestic ) farming food supply ( domestic ) laborer domestic worker ( 1/2 import alien 1/2 Iraqi ) I can`t think of many more that would not be oil related ! ------------ > foot note : the automobile industry , cars coming into be sold , and repair parts Edited February 18, 2018 by jeepguy 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 18, 2018 Author Report Share Posted February 18, 2018 Just now, jeepguy said: can`t think of many more that would not be oil related Here a couple more....Gold, Gems, precious metals Fruits, nuts, Raw Plastics, Electronic equipment, Wood pulp, Machines, engines pumps, Gums, resins, Medical technical equipment, Electronic equipment, Vehicles, Iron or steel, Pharmaceuticals, Furniture, lighting, signs, clothing, Cereals, Dairy, eggs, honey, cement 2 2 Quote Link to comment Share on other sites More sharing options...
Flamtap Posted February 18, 2018 Report Share Posted February 18, 2018 I didn't see a Request by the IMF...... I read a Demand! Iraq is on a short stick......and all parties know it......this thing is about to explode One Way or the Other...... 3 1 Quote Link to comment Share on other sites More sharing options...
King Bean Posted February 18, 2018 Report Share Posted February 18, 2018 31 minutes ago, yota691 said: Here a couple more....fruits, nuts Cha-ching. Bumper crop. Just look at the GOI. Quote Link to comment Share on other sites More sharing options...
jeepguy Posted February 18, 2018 Report Share Posted February 18, 2018 Ohhh , I forgotten those 😁 Quote Link to comment Share on other sites More sharing options...
Bama Girl Posted February 18, 2018 Report Share Posted February 18, 2018 8 hours ago, yota691 said: noting that the International Monetary Fund demanded Iraq to increase non-oil revenue and turn its economy to non-oil, even partially by 20-25%. This was Shabibi’s definition of “economic security” when he was the CBI Governor. His mantra, if I recall correctly, was that Iraq needed political and economic security for the RV to happen. 1 3 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted February 18, 2018 Report Share Posted February 18, 2018 8 hours ago, TOMINVEGAS said: "The International Monetary Fund has demanded that Iraq increase its non-oil revenues and turn its economy into non-oil, % To be like other countries. " They have been telling them them to do this for as long as I can remember— seven eight years or so.... Too right ! They're just not very quick to catch on - that, and their stubborn unwillingness to face facts head on, coupled with the uncanny and unwavering ability to continually shoot themselves in the foot has brought them here to this most pivotal point in their History. You go Iraq ! 1 Quote Link to comment Share on other sites More sharing options...
3n1 Posted February 18, 2018 Report Share Posted February 18, 2018 9 hours ago, TOMINVEGAS said: "The International Monetary Fund has demanded that Iraq increase its non-oil revenues and turn its economy into non-oil, % To be like other countries. " They have been telling them them to do this for as long as I can remember— seven eight years or so.... exactly ,, maliki was to concerned about robbing the country blind , his time wrecked iraq for sure, corruption was in every level of the goi all the while being told to diversify to a free market economy again and again , maliki wanted to run everything thru baghdad like a dictator to plunder it all .. man im hoping they can turn the corner now 1 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted February 18, 2018 Report Share Posted February 18, 2018 11 minutes ago, 3n1 said: exactly ,, maliki was to concerned about robbing the country blind , his time wrecked iraq for sure, corruption was in every level of the goi all the while being told to diversify to a free market economy again and again , maliki wanted to run everything thru baghdad like a dictator to plunder it all .. man im hoping they can turn the corner now 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted February 18, 2018 Report Share Posted February 18, 2018 2 hours ago, Bama Girl said: This was Shabibi’s definition of “economic security” when he was the CBI Governor. His mantra, if I recall correctly, was that Iraq needed political and economic security for the RV to happen. Great memory there Bama Girl. 4 Quote Link to comment Share on other sites More sharing options...
Bama Girl Posted February 19, 2018 Report Share Posted February 19, 2018 2 hours ago, ChuckFinley said: Great memory there Bama Girl. Thank you Chuck, I had a lot of respect for Shabibi and surely wish he was the CBI Governor now. BUT we have the IMF and the World Bank looking out for the finances so not bad. 😊 3 Quote Link to comment Share on other sites More sharing options...
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