Economy News» Publishes The Budget Law 2018 !

[Pitcher]

Thanks 10 years, what is their excuse this time?

 

Their track record is horrible.  They need to stop talking and just push the button. 

Seriously, can things get any worst in Iraq by putting some value on their money.

 

[Pitcher]

BTW, love the Bull!!

[Vespa_Romeo]

s.o.o.o.o.o.o.o.o.o.o.o.o.o.o.o.o.o.o.o.n~

[DinarThug]

Wtf - I Wonder If They Plan To Have A Staggering Camel Carpool Lane ? 

     

 

 

 

 

LINK

Abadi directs the opening of the drunk-Arbil road to ease the momentum on the citizens

 

 

2nd April, 2018
Spokesman for the Joint Operations, Brigadier General Yehia Rasool, announced that the commander-in-chief of the armed forces, Haider al-Abadi, opened the Makhmour-Arbil road to ease the momentum on the citizens. 

"The commander-in-chief of the armed forces, Haider al-Abadi, directed today to open the Makhmour-Arbil road to ease the momentum on the citizens and open the way for them to move and simplify the procedures in this regard," Rasul said in a statement.

 

The road linking Makhmour and Arbil was closed after the events of October 16, 2017 after Iraqi forces took control of Kirkuk and Kurdish areas outside the administration of the region.

Edited April 3, 2018 by DinarThug

[DinarThug]

Iraqi Stock Exchange is classified as one of the top 10 global markets

 

By

 rami

 -

April 2, 2018

 

 

The Iraq stock market index has risen about 10 percent since the beginning of 2018, ahead of other similar markets, making it among the top 10 markets in the world, according to the Morgan Stanley Index.

According to the Wall Street Journal, Iraq’s financial market, in the upscale Mansour district of Baghdad, has defied the violent volatility that hit global markets this year.

Shares in listed companies are among the best performing companies in the world in the first quarter of this year, the paper said.
Investors are betting on the country’s economic recovery after defeating ISIS in a three-year war that destroyed large parts of the infrastructure, causing damage to those companies over the past period.

“Iraq is like other early markets, such as post-Soviet Russia and others, which have done well for investors,” said Grant Philgenhauer, director of the Furat Consulting Foundation, which runs the Iraq-Euphrates Fund.

“The fund has invested $ 130 million in the Iraqi securities market and has risen more than 31 percent in the first quarter of 2018,” he said.

The Iraqi stock market has a market value of about $ 10 billion, relatively small compared to other similar markets such as Argentina and Vietnam, and even regional markets in Saudi Arabia and Kuwait.

http://en.economiciraq.com/201.....l-markets/

[DinarThug]

LINK

WORRIED ABOUT A GLOBAL MARKETS MELTDOWN: TRY IRAQI STOCKS

 

Companies listed on the frontier market are up 10% this year as investors bet on post-Islamic State economic recovery

 

2nd April, 2018

Iraq’s stock market, tucked behind blast walls in an upscale part of Baghdad, is defying the violent swings that have struck the global markets this year.

Shares of companies listed on the frontier market are among the world’s top performers in the first quarter as investors bet on the country’s economic recovery following the defeat of Islamic State. The three-year war destroyed parts of the country’s infrastructure, leaving many businesses struggling.

[DWitte]

21 hours ago, DinarThug said:

 

 

 

Ya - But Notice How I Was Running Counterclockwise And Deleting The Zeros !  

 

     

Out of 3 zeros, you only were able to delete two of them.  The third and middle zero is undeletable.  I'm sure you don't really want to get rid of that one, do you?  You don't want an RV while you're all stuffed up.  You counting all your money would be somewhat uncomfortable 

[10 YEARS LATER]

6 hours ago, Pitcher said:

BTW, love the Bull!!

 

I calls 'em as I sees'em -

 

You would think many believe they were unleashing an unholy terror of biblical proportions when it comes to their currency the way some steadfastly refuse to deal with this issue. Of course it's all about the corrupt not wanting to slow the " Gravy Train "  - and I an't talking dog food: although that's what these criminals would be eating if I were in charge of the prison system.

 

 

[DinarThug]

15 hours ago, DinarThug said:

Source reveals for the “Journal News” the date of Abadi’s visit to Tokyo

 

April 2, 2018

 

 

BAGHDAD –
A political source disclosed on Monday the date of Prime Minister Haider Abadi’s visit to the Japanese capital Tokyo.

“Abadi will leave Baghdad tonight for the Japanese capital Tokyo, accompanied by two ministers and economic advisors,” the source told The Daily News.

The source added that “Abadi will discuss in Japan investment files, partnership and economic cooperation and attend a conference to create jobs in Iraq.”

 

http://www.aljournal.com/%D9%85%D8%B5%D8%AF%D8%B1-%D9%8A%D9%83%D8%B4%D9%81-%D9%84%D9%80%D8%A7%D9%84%D8%AC%D9%88%D8%B1%D9%86%D8%A7%D9%84-%D9%86%D9%8A%D9%88%D8%B2-%D9%85%D9%88%D8%B9%D8%AF-%D8%B2%D9%8A%D8%A7%D8%B1%D8%A9/

 

LINK

Abadi will visit Japan on Wednesday

 

 

3rd April, 2018
An official source said Tuesday that Prime Minister Haider Abadi will visit Japan on Wednesday. 

"Prime Minister Haider Abadi will visit Japan on Wednesday for talks with his Japanese counterpart Shinzo Abe," the source said. "Abadi is likely to leave Iraq on Tuesday," the source said, without elaborating. 

It is noteworthy that the Council of Ministers held its regular session, on Monday, instead of Tuesday.

[DinarThug]

The Budget Itself Hasn’t Been Made Available Yet Through Any Links But It’s Been Announced ...

 

 

LINK
Iraqi newspaper publishes the federal budget law for 2018

 

 

3rd April, 2018
The Ministry of Justice, Tuesday, April 3, 2018, that the Iraqi fact sheet in its latest issue published the federal budget law for the year 2018.

In a statement issued today, April 3, 2018, the Ministry of Foreign Affairs announced that the new issue of the Iraqi Gazette No. 4485 has been issued, which includes the general budget law of Iraq in 2018.

The Presidency of the Republic, had warned earlier, the Ministry of Justice of the publication of the Federal Budget Law for the year 2018 in the Official Gazette, but retracted its position a few days ago and directed a letter to the Ministry of Justice for the purpose of publishing the budget law in the Official Gazette.

https://www.moj.gov.iq/view.3758/  

Edited April 3, 2018 by DinarThug

[DinarThug]

Iraq publishes 2018 budget in its official gazette

 

The Iraqi flag.

IN National

Iraq publishes 2018 budget in its official gazette

by Mohamed Mostafa Apr 3, 2018, 3:25 pm

 

Baghdad (IraqiNews.com) Iraq on Tuesday gave its final confirmation of its divisive 2018 budget by publishing it in the official gazette, as announced by the country’s justice ministry.

The ministry said the newest issue of the official gazette includes the federal budget for 2018.

Iraq’s President Fuad Masum ordered last Thursday to officially publish the budget, ending weeks of political grappling over the document.

Last month, Masum has rejected the budget bill, and ordered it back to the parliament, citing several  constitutional and legal violations in the document.

 

The Iraqi parliament voted in favor of the USD88 billion draft on March 3rd amid a boycott from Kurdistan Region representatives who objected to reducing the region’s share of allocations from 17% to slightly above 12%.

Relations between Kurdistan and the Iraqi government deteriorated after a referendum Kurdistan held in September, in which a majority voted for secession from Iraq.

 

https://www.iraqinews.com/features/iraq-publishes-2018-budget-in-its-official-gazette/

[bostonangler]

Show us the money!!!! Where's the new rate the gurus said we would see???? LOL

 

B/A

[DinarThug]

1 minute ago, bostonangler said:

Show us the money!!!! Where's the new rate the gurus said we would see???? LOL

 

Luigi Says That The Goat Will Reveal It In A See Thru Nighty !  

 

     

[bostonangler]

2 minutes ago, DinarThug said:

 

Luigi Says That The Goat Will Reveal It In A See Thru Nighty !  

 

     

 

Okay I just threw up a little.... I shouldn't had that crumpet before reading this Thuggie post!!! LOL

 

B/A

[Pitcher]

Funny Thug, but I was ready for you this time. I put all food and coffee far away from spillage. 

[NEPatriotsFan1]

2 hours ago, DinarThug said:

 

Luigi Says That The Goat Will Reveal It In A See Thru Nighty !  

 

     

Hopefully it doesn’t look like Caitlyn Jenner.........

[DinarThug]

LINK

The specter of appeals follows the budget despite its publication in the official gazette

16:30 - 05/04/2018  

 

The legal expert Tariq Harb, on Thursday, that the law of the budget of 2018 goes on to apply even if some of its paragraphs were challenged by the presidency of the Republic or ministers, noting that the paragraphs that accept the appeal fall from implementation.

"After the publication of the budget law in the Official Gazette, it entered into force and its application does not impede any new order," Harb told Xinhua.

He added that "the appeals made on some paragraphs in the budget by the President of the Republic or in the intention to appeal by the Prime Minister does not disrupt the budget," noting that "in the case of acceptance of the Federal Court, such appeals are void of the budget and will not work with the survival The budget is in force and the implementation space ".

He explained that "the government can prepare a draft law on the paragraphs that have been challenged in the form of a new law and vote again within the parliament," noting that "the matter is very complex in practice on the ground near the end of the legislative life of the House of Representatives and four months of the year Present".

The Presidency of the Republic announced last month, stabbed by 13 paragraphs of the provisions of the Budget Law 2018.

It is noteworthy that a member of the parliamentary legal committee high Nassif suggested on Thursday that the Prime Minister to challenge a number of articles of the General Budget Law for 2018 because of "inconsistent" with the conditions of the World Bank.

 

Edited April 5, 2018 by DinarThug

[DinarThug]

{Euphrates News} publishes instructions to implement the budget 2018

 2018/4/6 

http://alforatnews.com/modules.....yid=162637

 

Edited April 6, 2018 by DinarThug

[DinarThug]

LINK

Does Iraq's 2018 budget achieve fiscal sustainability goals ?

 

 

7th April, 2018 by Ahmed Hazal
Financial sustainability analyzes have become an integral part of fiscal policy planning. This is due to the continued rise in public debt due to the decrease in financial resources from other sources and the need for public spending. Many countries are interested in developing fiscal policy objectives to ensure financial sustainability, Clearly articulated an assessment approach to public finances to maintain current long-term expenditure and revenue policies without re-structuring them, reducing their solvency or exposure to bankruptcy risks.

Financial policy is always preferred to carry out financial reform without declaring debt restructuring because it will lose part of its financial market as well as expose its bonds to the monetary premium by raising interest rates.

Financial sustainability analyzes emphasize the principle of balancing the budget, which means that the budget is balanced both in terms of spending and leadership, which requires the fiscal policy in Iraq to plan and set its objectives on this basis.

Given the budget of 2018, we note that it has not been able to get rid of the imbalance and insists that the balance of items remain and not based on the principle of economic financial analysis as well as the principle of public finances.

The parameters of the current year's budget are clear from the data obtained from the House of Representatives, as the public revenues amounted to (91) trillion dinars, and the revenues of oil about (72) trillion dinars, as the ratio of dependence on the resource is still large, The risk of non-sustainability due to fluctuations in prices in the international market, which makes the objectives of public finances away from the achievement of the principle of sustainability, because of the decline of resources from non-rent sources, which often constitute (10% ؜) of total revenue.

Either the balance of the second budget represented by the size of public expenditure amounted to about (104) trillion dinars, and the current expenditure amounted to (79) trillion dinars for current expenditures, while the volume of investment spending about (24) trillion, which is good compared to previous years, The growth of oil prices and the tendency to increase the share of the investment budget, but in view of the requirements of financial sustainability is weak and not achieve its objectives, because the long-term sustainability reflects the financial balance achieved by the growth of the productivity of demand, which is increased by the increase in spending is often a catalyst for the overall supply .

It is possible to say that public finance in Iraq seeks financial sustainability, because it is a step forward in thinking about the principle of sustainability. However, frustration remains present as long as the ratio of public debt to GDP is high, which is more than 60% ) For GDP, which cuts off part of the general expenditure directed towards debt amortization, which amounted to (2018) about (8) trillion dinars, which is a large amount and reflects the lack of sustainability, because this part will be the amount deducted from the output Gross Domestic Product.

At the same time, public finance should plan and set targets in line with financial sustainability requirements and develop mixed projects. The private sector will have a real role in decision-making and sustaining the productive process because it will provide a large number of jobs that will solve part of the unemployment problem Disguised and natural, and will provide goods and services imported by the government.

In light of this, the pressure on the budget will decrease, as well as the high oil prices play an important role in providing the atmosphere to create a sovereign fund that funds the budget automatically and serves as a financial buffer to face the danger of falling oil prices. The rise in the price of a barrel, which is about $ 65, $), Is an important turning point if this fund is created and which will fund its budget deficit teams if any, a process aimed at achieving a sustainable fiscal policy.

[siberian_shaddow]

Much Appreciated Thugs, Opportunities are knocking at there door, come Iraq let's add some purchasing power to your sand dinars. I would rather have sand dollars. 

Edited April 7, 2018 by siberian_shaddow

[DinarThug]

LINK

Economist : Abadi better will lead Iraq to stability

 

 

7th April, 2018
The situation in Iraq is different today under Prime Minister Haider al-Abadi four years ago, when an organization was standing at the gates of Baghdad and raising its black flag over many Iraqi cities. Today, Dahesh and the number of civilians killed every month in armed confrontations have lost a small percentage of the number in 2014, oil production is abundant and the state's treasury is full of its revenues.

They are wrong

According to Economist, the influence of foreign powers, especially Iran and the United States, has declined, "after Iraqi politicians learned how to play against each other." Within weeks, parliamentary elections will be held.

This improvement in the situation in Iraq tempts some to say that the US invasion 15 years ago was justified, but they are wrong. Many of the blood was shed during those years, in Iraq and elsewhere after the occupation unleashed a wave of violence, and then Iraqi politicians contributed their share in further violence by fueling sectarian divisions.

"They have to learn from these mistakes, otherwise they will waste the moment that is very optimistic," says Economist.

Iraq looks like it was in 2010, but now it is better that year, which was also a parliamentary election, shortly after the defeat of al Qaeda with the decisive contribution of Sunni Awakening fighters. But after Barack Obama's withdrawal in 2011, Economist says that then Prime Minister Nuri al-Maliki "ruled the Sunnis out of the security services and cut money on the Kurds and jailed Iraqis who were complaining" of his policies.

The report describes current Prime Minister Haider al-Abadi as "better," indicating that he is popular among the Sunnis, although he is Shiite, and that he now has a chance to unify the country. The report suggests that Abadi should integrate the popular crowd, which fought with the regular forces, and pay the salaries of its fighters directly and not from the path of their leaders to be loyal to the state.

Adults can be referred to retirement, enrolling young people in universities and those who have had jobs returning to their jobs.

The report stresses that Abbadi worked on the need to "exclude sectarianism from politics," criticizing the system of quotas and corrupts, "which led to corruption and stagnation rather than unity, where appointments on the basis of sectarian and ethnic affiliation rather than merit.

[ScaryMary]

9 minutes ago, siberian_shaddow said:

 I would rather have sand dollars. 

Along with sandy beaches, warm ocean and breezes, umbrella drinks, bare feet and bathing suits or maybe Birthday suits.  

[ChuckFinley]

3 hours ago, DinarThug said:

LINK

Economist : Abadi better will lead Iraq to stability

 

 

7th April, 2018
The situation in Iraq is different today under Prime Minister Haider al-Abadi four years ago, when an organization was standing at the gates of Baghdad and raising its black flag over many Iraqi cities. Today, Dahesh and the number of civilians killed every month in armed confrontations have lost a small percentage of the number in 2014, oil production is abundant and the state's treasury is full of its revenues.

They are wrong

According to Economist, the influence of foreign powers, especially Iran and the United States, has declined, "after Iraqi politicians learned how to play against each other." Within weeks, parliamentary elections will be held.

This improvement in the situation in Iraq tempts some to say that the US invasion 15 years ago was justified, but they are wrong. Many of the blood was shed during those years, in Iraq and elsewhere after the occupation unleashed a wave of violence, and then Iraqi politicians contributed their share in further violence by fueling sectarian divisions.

"They have to learn from these mistakes, otherwise they will waste the moment that is very optimistic," says Economist.

Iraq looks like it was in 2010, but now it is better that year, which was also a parliamentary election, shortly after the defeat of al Qaeda with the decisive contribution of Sunni Awakening fighters. But after Barack Obama's withdrawal in 2011, Economist says that then Prime Minister Nuri al-Maliki "ruled the Sunnis out of the security services and cut money on the Kurds and jailed Iraqis who were complaining" of his policies.

The report describes current Prime Minister Haider al-Abadi as "better," indicating that he is popular among the Sunnis, although he is Shiite, and that he now has a chance to unify the country. The report suggests that Abadi should integrate the popular crowd, which fought with the regular forces, and pay the salaries of its fighters directly and not from the path of their leaders to be loyal to the state.

Adults can be referred to retirement, enrolling young people in universities and those who have had jobs returning to their jobs.

The report stresses that Abbadi worked on the need to "exclude sectarianism from politics," criticizing the system of quotas and corrupts, "which led to corruption and stagnation rather than unity, where appointments on the basis of sectarian and ethnic affiliation rather than merit.

Nothing like being a  model world leader.  

[capote]

This site has posted a translation of the 2018 and 2017 total budget expenditures for Iraq's ministries.  The source is included below the chart.

 

Interesting to see such a huge increase in spending for Electricity and other core infrastructure, as the war against ISIS winds down.  However, this seems to be mostly paid for by the massive cuts to Kurdistan's funding. 

 

Cuts to the interior and defence may be premature, as well as to the PMF.  I could see this backfiring, especially if the PMF have the option of just looting instead.

 

LINK

[DinarThug]

11 minutes ago, capote said:

I could see this backfiring, especially if the PMF have the option of just looting instead.

 

True Man - Capote !  

 

     

 

 

Nice Find !