Economist: There is no authority for the US President over Iraq money

[Laid Back]

“Certainly, the financial situation in Iraq is reassuring and the deficits that are talked about are hypothetical, and that financial sustainability is not threatened with the presence of reserves at the Central Bank of Iraq and the government estimated at $ 87 billion, as well as a surplus ranging between $ 12 /13 billion and we in the last quarter From this year.”

 

Words from Shabibi’s right hand man.

 

Go iraq

Go reserves

Go financial sustainability 

Go RV

Go $1:1+

[yota691]

Saleh: Iraq's reserves of foreign currency is estimated at 87 billion dollars and virtual deficits

Economy | 10:47 - 16/09/2019

 

 

 

 

BAGHDAD - Mawazine News
Adviser to the Prime Minister for Financial Appearance Mohammed Saleh, Monday, that the reserve at the Central Bank of Iraq and the government is estimated at 87 billion dollars, noting that the deficits that are talked about hypothetical
Saleh said in a statement followed by / Mawazine News /, The reserve at the Central Bank of Iraq and the government is estimated at $ 87 billion, as well as a surplus between $ 13-12 billion and we are in the fourth quarter of this year, "noting that" the financial situation in Iraq is reassuring and deficits that are talked about hypothetical. "
Saleh added that "the public finances act according to priorities, and that the Ministry of Finance governs control of expenses, and recognizes the important thing to be spent," stressing that in the "2018 budget there was a surplus of 20 trillion dinars, and thus a large opening balance."
He pointed out that "the fiscal deficit, which is being talked about hypothetical and not realistic, as ministries provide many requirements are taking into account the important and required and determines the importance of disbursement according to the financial situation," pointing to the "rationalization of spending and this comes from the imperative need to control liquidity."
The Central Bank of Iraq announced in April 2019 the rise of foreign exchange reserves to 62 billion dollars, stressing at the same time its success in controlling the level of inflation.

[6ly410]

The new financial social contract for Iraq

https://annabaa.org/arabic/economicarticles/21687

 

Dr.. The appearance of Muhammad Salih

 

30 December 2019

1. Introduction: Features of the Federal Budget 2019

The 2019 budget was based on very realistic oil revenues, that is, $ 56 a barrel, a price that carries a positive rent margin for the benefit of the general budget, fluctuating to rise or increase from the beginning of the fiscal year until today between 8-5 dollars higher than the budget price, which helped cover an important proportion of Planned disability.

In spite of this, we find that there are two gaps: First, the operational budget of a governmental consumption nature has mostly absorbed all oil revenues even with the positive rent margin mentioned above. The government investment budget, which is the basis of direct growth, has also been living on non-oil revenues. As the investment budget constitutes about 30 percent of the total annual total spending, while the corresponding non-oil revenues do not constitute only 10 percent at best. This means that construction projects (especially non-oil) will be implemented through external borrowing available in the budget, which are important service projects that constitute 45 percent of the total government investment projects and that external financing or available external loans only meet 12-10 percent of the funding available for government investment .

Therefore, the summary of the annual deficit will be absorbed by the state's unimplemented projects. Here, the budget deficit shifts or leaves from a financial deficit to a real deficit whose burden will fall on the budget for the year 2020. Indeed, it is an intractable problem in the rentier behavior that prevails in our countries today and is based on the abstractions of the so-called negative understanding of the disposition of public oil revenues and its promise is initially a booty and not a productive investment to build man and capabilities Other material required for sustaining life. One of the most dangerous principles prevalent in our societies today is calling for the expansion of the free financial container or the so-called free lunch base in all joints of daily life and this explains the insistence of the increase in exchange at the expense of the loss of the important voluntary vessels (or what I call it fleeing vessels).

The free expansion of consumer behavior in public revenues has started to rise with the increase in oil revenues, accompanied by a spectrum of development and unfair distribution of wealth programs, and the emergence of sustainable unemployment of not less than two decimal places, despite the real growth in real gross domestic product by about 8.4%. Due to the activities of agriculture and electric power compared to the previous year. It is a difficult equation if it continues in this wrong way because it will disrupt the present of human development and inevitably confiscate its future.

2. The Macroeconomics of Iraq: The Promising Force

There is optimism that the real economic growth rate in the gross domestic product will increase in the year 2020, which is estimated by the economic community, especially the World Bank, that it will reach approximately 5.1%, starting from the recovery of the Iraqi economy in the current year 2019, in which growth was estimated at about 4.8%, in addition to the growing activity The government has not retreated, as this will be accompanied by an increase in the ratio of government revenues to gross domestic product as well, to be in the year 2020 by approximately 3.7% over the year 2019, which is estimated at 36%. In general, the average share of the Iraqi citizen in the gross domestic product will improve to reach in 2020 about 6,200 dollars annually compared to 2019 by about 5,700 dollars annually.

Noting that the gross domestic product, which is estimated at about $ 235 billion in the year 2019, will also rise to $ 254 billion in the year 2020. In addition to the foregoing, there are two important economic auxiliary factors that will raise economic growth and constitute an optimistic vision of growth in the real economy. First, the recovery of the agricultural sector and the rise of its contribution to the gross domestic product from 4% to nearly 7.5% this year due to the availability of water are supported by agricultural and commercial policies in support of agricultural activity, as is happening today in the development in the production and marketing of grains and various field crops. Second, the qualitative improvement in the electric power production sector and the increase in processing hours, with availability of 19 thousand megawatts out of 23 megawatts, need to improve technical losses, which were supported by civil economic activity, and the impact of this on the development of market activity and activating the implementation of investment behavior in a more positive way. In addition to the price stability in which the country is witnessing a state of inflation, if the general price level does not grow by more than 1% in all cases, it is the lowest in modern economic history in Iraq thanks to the stability of monetary policy tools.

Employment will also help with its contractual or lending programs to reduce unemployment rates and generate sustainability from real economic growth supported by indicators of stability in global energy markets and oil revenues after the emergence of the features of the China-US agreement and according to current international data to confront potential problems with the prospect of a global recession.

In conclusion, the above data will constitute a wave of optimism in front of the Iraqi people for cohesion and march towards building prosperity and development and maintaining a syndrome based on economic and social stability and employment to advance the happiness of the Iraqi person, supported by a new social financial contract that enhances the efficiency of the national economy and provides justice in the distribution of income and wealth.

3. The future of the federal budget 2020

The writings here and there raised with great caution raised the issue of the federal budget for the year 2020 and personally directed me texts warning of a large deficit coming in the country's budget and the text that says:

(The next budget deficit for 2020 will destroy the Iraqi economy if preventive measures are not taken to squeeze expenditures, rationalize unnecessary ones, and maximize revenue by supporting the local product, maintaining the hard currency as much as possible, and collecting taxes and customs and not manipulating them. The budget deficit will reach $ 40 billion, meaning 3, 5 billion a month is almost half of the monthly revenue, how will it be managed ?!)

In the face of this great question, I must foresee the economic and financial future of Iraq, as follows:

The federal budget for 2020 will still need a bold financing operation that is not austerity owed to it but rather the pursuit of financial sustainability with high performance of public finances, i.e. the availability of ways and principles of financial discipline to Iraq without austerity or deprivation.

Whoever thinks about external borrowing to fill the next operational budget deficit and the continuity of running the joints of the state administration with declining productivity is a delusion! The next financial decision should be one of the most difficult and most effective decisions. It desperately needs legal and procedural force of enforcement in terms of decision-making, especially from the elite decision-makers who depend on the people at the level of the executive and legislative branches, especially the elite that do not have that negative historical accumulation of financial wealth. It is the accumulation that was based on the advantages of concessional anesthesia (over the past decade and a half), whose financial leverage remained uncontrolled in the interest of concessional concessions without bidding.

A receptive concept has developed, which sees the enjoyment of public spending of state resources as an opportunity to compensate and defraud after spreading the idea of the spoil-state and its philosophy of giving without giving. Solidarity convictions between the state and the people can never accept acceptance in launching corrective financial surgery unless the people have a (moral personality) that demonstrates its sincere and reformative strength and self-denial in the interest of ensuring the restoration of features of a promising economic future that enhances growth and maximizes prosperity and prosperity for the country within a new social financial contract capable He should invest the underlying optimistic macroeconomic strength that the national economy has demonstrated throughout 2019 and what we expect in 2020.

An Iraqi academic researcher and writer, former deputy governor of the Central Bank

[Laid Back]

(The next budget deficit for 2020 will destroy the Iraqi economy if preventive measures are not taken to squeeze expenditures, rationalize unnecessary ones, and maximize revenue by supporting the local product, maintaining the hard currency as much as possible, and collecting taxes and customs and not manipulating them. The budget deficit will reach $ 40 billion, meaning 3, 5 billion a month is almost half of the monthly revenue, how will it be managed ?!)
 

- supporting the local product

- maintaining the hard currency as much as possible

- collecting taxes and customs and not manipulating them

 

How will it be managed?

 

Let me give you an idea.
Move to an open market economy and Give real market value to the IQD 

 

Go RV

Go asap

Go 1:1.19

 

[yota691]

The appearance of Muhammad Salih comments on the publications of “The Return of the Siege”

 

Financial advisor to the Prime Minister Dr. Mazhar Muhammad Salih «Al-Iqtisad News»

money and business Financial Adviser to Prime Minister Mazhar Muhammad Salih revealed two scenarios regarding the threat of US President Donald Trump to impose sanctions on Iraq in the event of the removal of American forces. Mazhar said in an article seen by Al-Iqtisad News, that "Iraq is between two scenes: a view on political economy." Below is the article of the financial advisor to the Prime Minister Mazhar Muhammad Salih 1- The realistic scenario is what is published extensively on the state of the economy from the scenario of imposing possible American economic sanctions on our country that comes in its essence to cause something of panic and a wave of psychological warfare within the contradiction of the outputs of the international conflict parties and their outputs on the Iraqi scene Today’s economic rumor is nothing but a reminder of the harsh realities that occurred during Iraq’s invasion of Kuwait and the imposition of comprehensive sanctions by the international organization on Iraq between 1990 and 2003 and its catastrophic waste that tore the fabric of society, its economic and living structure and the American role J those harsh sanctions. In my opinion, America has no real desire for comprehensive revenge against Iraq, except a wave of the machine of media threats in the context of political pressure until the moment. On the ground, nothing harmful to the national economy has occurred except for individual behavior, which is summed up by anxiety and reckoning and has not been reflected in the aggravation of the total demand for goods. And services or effecting the general level of prices or inflation as it is called, except for partial fluctuations that occurred and for hours in the dinar exchange rate against the dollar in secondary markets during the past few days about the strength of the Central Bank of Iraq in controlling the market and liquidity levels in it by having the means to interfere in Price speculation harmful waves get in the exchange market by virtue of high reserves and good coordination and management of the bank with the US Federal Reserve itself, and in spite of this scenario of an economic blockade Vhsol or sanctions or US economic boycott against the drastic negative impact of 40 million Iraqis: From my personal point of view, it will mean that the United States has ventured with its project in Iraq, which was established for it in the occupation of 2003 and lost its geopolitical interests in West Asia, which is almost a cruel defeat and striking its interests in the region !! So a country like the United States will never do that at all costs and will not lose the friendship of Iraq in light of the present political system as a democratic system based on the ruins of a fierce dictatorship !! Therefore, the analysis of the content of this psychological campaign and its results from the point of view of behavioral economics is the result of conflict and escalation between the two parties despite what leaves accounts for managing economic risks here and there sometimes, and it is part of the psychological war of intimidation and the spread of panic among people usually launched by speculators and seized opportunities to profit Emergency in a bad atmosphere is not pure. 2- The imaginary scenario If Iraq was subjected to such a siege or truly destructive American sanctions, as is rumored, it will initially be non-international sanctions like what happened in the 1990 war in Kuwait, as the United States will push, and according to this scenario, Iraq to find other international allies to live and exit From the devastating economic deadlock and losing hope for the future. In other words, there is room for Iraq to enter a geopolitical scene that can be called a fantasy of the new square of power: I mean the formation of a bloc within the current global trend that may include: Iraq, Iran, China and Russia. This is what the United States fears in losing Iraq as a friendly, freedom-loving and peaceful country and a country totally out of axis politics. This is what will push the country to deal with the keys of a new economic and geopolitical bloc that protects the interests of the people from the ferocity of sanctions and the passage of devastating experiences of humanity and sterilizing development and economic prosperity. Number of views 103   Date added 07/01/2020

[bostonangler]

3 minutes ago, yota691 said:

The imaginary scenario If Iraq was subjected to such a siege or truly destructive American sanctions, as is rumored, it will initially be non-international sanctions like what happened in the 1990 war in Kuwait, as the United States will push, and according to this scenario, Iraq to find other international allies to live and exit From the devastating economic deadlock and losing hope for the future. In other words, there is room for Iraq to enter a geopolitical scene that can be called a fantasy of the new square of power: I mean the formation of a bloc within the current global trend that may include: Iraq, Iran, China and Russia. This is what the United States fears in losing Iraq as a friendly, freedom-loving and peaceful country and a country totally out of axis politics. This is what will push the country to deal with the keys of a new economic and geopolitical bloc that protects the interests of the people from the ferocity of sanctions and the passage of devastating experiences of humanity and sterilizing development and economic prosperity.

 

 

So basically, he is calling Trump's bluff, and like the rest of the world, they would move along and leave America on an island of isolation.

 

B/A

[yota691]

Economist: There is no authority for the US President over Iraq money

•  Time: 7/2/2020 2:24 PM
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•  Reading: 1,833 times
•  

  

{Baghdad: Al Furat News} The economic expert and financial advisor, Mazhar Muhammad Salih, confirmed that “there is no protection {immunity} for US President {Donald Trump} currently on Iraqi funds in the jurisdiction of the US jurisdiction as some believe.”

Saleh said in a statement that this protection "which was adopted by the first presidential order No. 13303 since May 2003 at the expense of the DFI Development Fund at that time and is opened on behalf of the Central Bank of Iraq for the benefit of the government of the Republic of Iraq, i.e. the account opened with the American Federal Reserve Bank in New York and remained a subject Protection is currently being explained. "

He added, "I repeat that there is currently no official protection under a presidential executive order that has been renewed annually by the executive order since the last renewal was in 2012-2013 the day Iraq paid compensation to the Americans for the tourt claims by about $ 400 million called (harm compensation)."

And Saleh added that "the last extension took place during the reign of former President Barack Obama, who stipulated that Iraq commit to restructuring government banks within the terms of the International Monetary Fund mentioned in the SBA credit preparedness agreement and the protection was for only one year in addition to the end of the protection of the United Nations on Iraqi funds and on The manner provided by Resolution 1483 for the year 2003, which also ended since the issuance of the United Nations Resolution 1956 at the end of the year 2010, which gave a period of 6 months at the time for the end of the international protection of Iraqi funds, especially in the DFI oil receipts account at the time. 2011-2013 years. "

The financial expert noted that "the question is how did Iraq money continue to protect to this day without prosecutions from potential commercial creditors?" Noting, "I believe that the existence of the Kuwait war deductions on the mechanism of oil revenues continued to provide automatic {international} protection for the account of oil revenues open with FRBNY.”

And between "As for the account of the Central Bank of Iraq, which includes the reserves of the central bank in dollars, they are protected by federal reserve laws that say that the funds of the independent central banks at the Federal Reserve {as a central bank] provide themselves legal protection from any attachments or attachment to commercial creditors because that money is To maintain monetary and financial stability, there is a precedent for Argentina in this regard, according to a decision of the New York Court on the day that it rejected an invitation to prosecution raised by commercial creditors a decade ago. "

[yota691]

Iraq begins work on two projects within the Chinese agreement

 

Financial advisor to the Prime Minister Dr. Mazhar Muhammad Salih «Al-Iqtisad News»

money and business Economy News - Baghdad The financial advisor to Prime Minister Mazhar Muhammad Salih said that Iraq started working on two vital projects in the oil and energy sectors within the agreement signed with the Chinese side. Saleh said in a dialogue held in cooperation with the Iraqi Economic and Political Center, that "the agreement entered into force as of October 1 and since the beginning of this year, nearly half a billion dollars has been entered into the balance of the sovereign account of Iraq with China." He pointed out that this return is the result of "exporting 100 thousand barrels per day" and it will be spent to finance infrastructure projects in Iraq. The financial advisor emphasized that "Iraq started work on two projects within the Chinese agreement, namely: building a project for a thermal power station in northern Baghdad with a capacity of 1400 megawatts and a project for strategic oil storage in southern Iraq." He pointed out that the agreement with China extends for 20 years to rebuild dilapidated infrastructure in Iraq. Saleh added that Iraq is likely to raise its oil exports to China to 300 thousand barrels per day instead of 100 thousand b / d if he sees his interest as necessary. Number of views 84   Date added 08/01/2020

[yota691]

Abdul Mahdi’s advisor explains: This is what will happen if Washington imposes an embargo on Iraq

January 07, 2020

 

 

Abdul-Mahdi’s advisor stressed that imposing US sanctions on Iraq means “loss” to Washington (Getty)

Ultra Iraq - Editorial Team

The scenes of the siege returned to the minds of the Iraqis after the threat of US President Trump to impose economic sanctions on the country, while the features of concern began to appear in the markets by the instability of the exchange rates of the dollar.

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Saleh said that what is published about the collapse of the Iraqi economy as a result of possible sanctions aims to "create a state of panic" within the context of psychological warfare

In this regard, the financial advisor to the Prime Minister and the economic expert identified the appearance of Mohammed Saleh , two scenarios regarding American threats against Iraq, from his point of view in the political economy, one is realistic and the other is imaginary, as he put it.

 

Saleh said in his article, "What is published extensively on the state of the economy from the scenario of imposing possible US economic sanctions on our country, comes in its essence to cause a bit of panic and a wave of psychological warfare within the contradiction of the outputs of the international parties to the conflict and their outputs on the Iraqi arena."

Saleh said, "Today's economic rumor is nothing but a reminder of the harsh realities that occurred during Iraqs invasion of Kuwait from the imposition of comprehensive sanctions by the international organization on Iraq between 1990 and 2003, and its disastrous remnants that tore the fabric of society and its economic and living structure, and the American role in those harsh penalties."

The financial advisor to the Prime Minister believes that Washington "does not want comprehensive retaliation against Iraq, what is going on is not a wave of the machine of media threats in the context of political pressure until the moment", while stressing that "anything harmful did not affect the Iraqi economy on the ground, except Individual behavior summarized by anxiety and reckoning. "

It also indicates, that this behavior "was not reflected in the aggravation of the aggregate demand for goods and services or an impact on the general level of prices or inflation as it is called, with the exception of partial fluctuations that occurred and hours in the exchange rate of the dinar against the dollar in the secondary markets during the past few days, about the strength The Central Bank of Iraq in controlling the market and its liquidity levels, as it has the means to interfere in any harmful price speculative waves that occur in the exchange market, due to its high reserves and good coordination and management with the American Federal Reserve Bank itself.

share

He stressed that the sanctions that may be imposed on Iraq will not be international, which means the emergence of a new bloc that includes Iraq, Iran, Russia and China

In spite of this, the economist touched on the possibility of Washington launching an economic blockade on the country, or sanctions or a radical American economic boycott with a negative impact on 40 million Iraqis, explaining that this would mean that "the United States has ventured into its project in Iraq, which it established in occupation 2003, and lost its geopolitical interests in West Asia, which is almost a cruel defeat and striking its interests in the region. "

And, "A country like the United States will never do this at all costs and will not lose the friendship of Iraq in light of the present political system as a democratic system based on the ruins of a fierce dictatorship," while describing the American threats as a "psychological campaign interpreted from the point of view of behavioral economics" , As an outcome of the conflict and escalation between the two parties, despite the accounts it leaves to manage the economic risks here and sometimes, and it is part of the psychological war to intimidate and spread terror among the people, which are usually launched by speculators and seize the opportunities to achieve emergency profits in a bad, impure atmosphere.

The economist also pointed to another scenario, which he described as "imaginary," reviewing the results in the event that the United States of America decides to besiege Iraq or impose severe economic sanctions against it.

 

Saleh said, "Sanctions will not be illiterate in the beginning, as happened in the 1990 war in Kuwait, as the United States will push, according to this scenario, Iraq to find other international allies to live and get out of the devastating economic deadlock and lose hope for the future, meaning that there is room to enter Iraq." To a geopolitical scene that can be called a fantasy of the new power square. "

The advisor to the Prime Minister added that this means "the emergence of a bloc within the current global trend that might include: Iraq, Iran, China and Russia, and this is what America fears as a loss to Iraq as a friendly country that loves freedom and peace and a country far away from the politics of axes completely."

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The Adviser to the Prime Minister completely ruled out Washington's resort to imposing an economic embargo on Iraq because of the adventure this means for its project in the country

And that such an American measure "will push the country to deal with the keys of a new economic and geopolitical bloc that protects the interests of the people from the ferocity of sanctions and the passage of devastating experiences of humanity and sterilizing development and economic prosperity."

He concluded the appearance of Muhammad Saleh, by reducing the possibility of the United States of America resorting to comprehensive sanctions against Iraq, because Washington would lose in return friendship with "a balanced country in its foreign policy based on rejecting axes and seeking positive international and regional cooperation," as he put it.

[yota691]

 Articles  11-01-2020  18:52  0  222

 

Protecting Iraqi money in the US jurisdiction ... a view

 

 

 

Written by: Dr. The appearance of Muhammad Salih

There is no immunity protection for the President of the United States at present on the funds of the Republic of Iraq in the jurisdiction of the United States, as some believe, and which were approved by the first presidential order No. 13303 since
May 2003 at the expense of the DFI Fund at the time, which is opened on behalf of the Central Bank of Iraq for the benefit of the government of the Republic of Iraq. The account opened with the US Federal Reserve in New York and the subject matter of protection is currently being interpreted as follows:

I repeat that there is currently no official protection under a Presidential executive order that has been renewed annually. This is an order since the last renewal was in 2012-2013 the days Iraq paid compensation to the Americans for the tourt claims of about $ 400 million called (harm compensation).

And the last extension was during the era of Obama, who stipulated that Iraq commit to restructuring government banks within the conditions of the International Monetary Fund mentioned in the SBA credit preparedness agreement and the protection was for only one year.

In addition to the termination of the protection of the United Nations of the funds of Iraq, as provided by Resolution 1483 of 2003, which also ended since the issuance of the United Nations Resolution 1956 at the end of the year 2010, which gave a period of 6 months in time for the end of international protection of Iraqi funds, especially in the account of oil receipts DFI in Back then.

The two protections ended consecutively between 2011-2013.

The question is how has Iraq’s money been protected to this day without the prosecution of potential commercial creditors?

I believe that the existence of the Kuwait war deductions on the mechanism of oil revenues continued to provide automatic (international) protection to calculate the oil revenues open with FRBNY.

As for the account of the Central Bank of Iraq, which includes the reserves of the central bank in dollars, they are protected by the Federal Reserve Laws that say that the funds of the independent central banks with the Federal Reserve Bank (as an independent central bank) provide by themselves legal protection from any attachments or seizure of commercial creditors because that money is to maintain On monetary and financial stability, there is a precedent for Argentina in this regard, according to a decision of the New York Court on the day that it rejected an invitation to prosecution raised by commercial creditors a decade ago.

[Butifldrm]

 

01/19/2020 19:35

• Views 2891
• Section: Iraq
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The appearance of Muhammad Salih: The China agreement has not mortgaged oil for many years and can be canceled at any time

 

Baghdad / Obelisk: Advisor to the Iraqi government for financial and economic affairs, and one of the negotiators in the Iraqi-Chinese agreements, the appearance of Muhammad Saleh, Wednesday, January 15, 2020, that the China agreement does not mortgage Iraqi oil for many years as rumored, while the possibility of canceling it at any time Iraq wants it.

Saleh told Al-Masala that the agreement between China and Iraq is technical, and we are surprised by the chaos of the current analyzes of economists and politicians alike. We know that an agreement with a country like China is a strong competitor to the United States in Iraq is also raising controversy, but this does not mean that it is politicized.

Saleh added that the agreement includes allocating export revenues of 100 thousand barrels of Iraq's total daily exports to China, which amount to about 850 thousand barrels, for reconstruction projects, which is the beginning of the entry of Chinese companies in the reconstruction of dilapidated infrastructure.

He continued: All oil revenues go to the operational budget, while this is an opportunity to allocate a portion of the revenues well to reconstruction and construction, stressing that the issue of mortgaging Iraqi oil for many years as some warn of it and we have heard in the past two days is incorrect, as there is a clause in the agreement that can be canceled with any Whenever you want it, it is an aid agreement from China as a friendly country to Iraq.

And he saw that there are no fears of any American or other economic sanctions, in light of the application of this agreement, because the American side has nothing to do with this file. Chinese projects, that we allocate 300 thousand barrels of oil per day for reconstruction projects, instead of 100 thousand barrels currently.

Obelisk

http://almasalah.com/ar/news/186159/مظهر-محمد-صالح-اتفاقية-الصين-لا-ترهن-النفط-لسنوات-طويلة-ويمكن-الغائها-في-أي-وقت

[ChuckFinley]

On 1/7/2020 at 8:33 AM, bostonangler said:

 

So basically, he is calling Trump's bluff, and like the rest of the world, they would move along and leave America on an island of isolation.

 

B/A

I am thinking that calling DJT's bluff is probably not a smart idea. I would take a serious look around if I was Iraq about that. Sooner or later the rest of the world will release that DJT was probably right. Nuke deal was a joke and should have never been done. He has done some great things. I wish that he would be a little more presidential and that the Dems would get a handle of the far left. I think we can all live happily in the middle. 

[screwball]

On 9/16/2019 at 7:35 AM, DWS112 said:

Appearance of Mohammed Saleh: Iraq's financial situation is reassuring

Sunday 15 September 2019

 

Baghdad / morning
 
Certainly, the financial situation in Iraq is reassuring and the deficits that are talked about are hypothetical, and that financial sustainability is not threatened with the presence of reserves at the Central Bank of Iraq and the government estimated at $ 87 billion, as well as a surplus ranging between $ 13-12 billion and we in the last quarter From this year.
Financial Advisor to the Prime Minister d. The appearance of Mohammed Saleh said: "The deficits in the budget hypothetical, and that the financial situation of Iraq is reassuring and does not threaten financial sustainability and under control," pointing out that "Iraq in the fourth quarter of the year and there is a surplus liquidity between 13-12 billion dollars."
 
Opening balance
He added that "the public finances act according to priorities, and that the Ministry of Finance governs control of expenses, and recognizes the important thing that must be spent," stressing that in the "2018 budget there was a surplus of 20 trillion dinars, and thus a large opening balance"

He pointed out that "the fiscal deficit that is being talked about is hypothetical and not realistic, as ministries provide many requirements are taken important and required and determines the importance of disbursement according to the financial situation," pointing to the "rationalization of spending and this comes from the imperative to control liquidity."
 
Financial sustainability
He explained that "when preparing the budget requests are very large, so the figures appear large, but at the same time not all requests are taken, but are adopted important things that do not strain the country and maintain financial sustainability."

Saleh said: "The abundance of strategic crop production and cover local demand and the federal budget provided the amount of 10 trillion dinars were allocated to import from global markets, and will rotate these funds Within the joints of the national economy to activate the joint. " 

 

He explained that "the reserve of the central bank along with the reserve of the government amounted to 87 billion dollars, and this is very positive gives a great resilience to the state in the most difficult circumstances."
 
Labor market
Saleh pointed to the "need to encourage the private sector to take its right role in the management of the economy, and provide tools to activate it in a way that serves all sectors, and praised the mobility witnessed in the housing sector and its impact on the movement of the local labor market," pointing out that "the provision of funding for the private sector makes it able To activate a lot of sectors. "
 
Economic aspect
In a press statement, MP Eng. Mohamed Sheaa Al-Sudani stressed the need to focus on legislating laws that support system" rel="">support the non-rentier state and increase the activity of the economic side by activating the industrial, agricultural, commercial and tourism sectors. Not to rely on the rentier economy in light of fluctuating oil prices and the possibility of the emergence of alternative sources 
For energy. "

Al-Sudani pointed out to the importance of activating the supervisory role of the audit and internal control departments, the bodies of the Financial Supervision Bureau and the concerned departments in the ministries to prevent the risk of corruption spreading in many parts of the economy. 

The only man worth listening too...

[Butifldrm]

Government: The retirement law will eliminate 40% of unemployment

09:24 - 20/01/2020

0

 

  

Information / Baghdad ..
The financial advisor in the Prime Minister confirmed the appearance of Mohamed Saleh, on Monday, that the new retirement law approved by the House of Representatives will eliminate 40% of unemployment, indicating that there are four million employees between permanent owners and contracts.
Saleh said in a statement reported by the newspaper "Al-Sabah" and seen by him / the information, that "about four million employees between permanent owners and contracts, and about three million retirees receive salaries from the public budget," noting that "the government and the parliament should provide guarantees for workers in the private sector In order to reduce the demand for the government sector. "
He added, "The new law for retirement will contribute to addressing 40 percent of the unemployment rate that prevails over the next four years, but the law overloads job experiences that cannot be compensated."
It is worth mentioning that the House of Representatives voted last November on the First Amendment Law of the Unified Retirement Law No. 9 of 2014, which included in its most prominent paragraphs the reduction of the retirement age to 60 instead of 63 years. Unemployed. Ended / 25

https://www.almaalomah.com/2020/01/20/450692/

[screwball]

7 hours ago, Butifldrm said:

Government: The retirement law will eliminate 40% of unemployment

09:24 - 20/01/2020

0

 

  

Information / Baghdad ..
The financial advisor in the Prime Minister confirmed the appearance of Mohamed Saleh, on Monday, that the new retirement law approved by the House of Representatives will eliminate 40% of unemployment, indicating that there are four million employees between permanent owners and contracts.
Saleh said in a statement reported by the newspaper "Al-Sabah" and seen by him / the information, that "about four million employees between permanent owners and contracts, and about three million retirees receive salaries from the public budget," noting that "the government and the parliament should provide guarantees for workers in the private sector In order to reduce the demand for the government sector. "
He added, "The new law for retirement will contribute to addressing 40 percent of the unemployment rate that prevails over the next four years, but the law overloads job experiences that cannot be compensated."
It is worth mentioning that the House of Representatives voted last November on the First Amendment Law of the Unified Retirement Law No. 9 of 2014, which included in its most prominent paragraphs the reduction of the retirement age to 60 instead of 63 years. Unemployed. Ended / 25

https://www.almaalomah.com/2020/01/20/450692/

So it will eliminate 40% of unemployment but why hasn’t it? What are they waiting on? The budget!!!!

Edited January 20, 2020 by screwball