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Parliamentary source reveals the date of receipt of the budget 2020

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1 hour ago, screwball said:

Boom! Roll on September!

 

Agreed.

October-1 and Done.  

:cigar:

 

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Parliamentary source reveals the date of receipt of the budget 2020

Political | 09:41 - 18/07/2019

 
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BAGHDAD - Mawazin News 
revealed a source in the Finance Committee parliamentary, on the date of receipt of the draft budget for the year 2020, while noting that the budget will bring a boom in the Iraqi economy. 
The source said that "the Finance Committee agreed with the Ministry of Finance to receive the draft budget 2020 in September," noting that "there will be a qualitative boom in the Iraqi economy through drastic changes in public expenditure and investment funds and services." 
He added that "the 2020 budget will be reinforced by the final accounts and will include tables on internal and external indebtedness, taxes, customs and border crossings and returns of state property." 
He pointed out that "the draft budget 2020 is now working on a specialized team, under the supervision of Prime Minister Adel Abdul Mahdi, will include two prices of oil fixed and moving."

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133106.jpg?width=750&&height=375

 
2019/07/18 12:31
  • Number of readings 36
  • Section: Iraq
  •  

MPs welcome the proposal to involve local governments in the preparation of the 2020 budget

 

 

BAGHDAD (AP) - A member of the Finance Committee of the House of Representatives Haneen Qaddou said on Thursday, July 18, 2019, that "there is no objection to the participation of local governments from governors or officials in the preparation of the next budget to know their needs in relation to investment projects at the highest estimate so that there is an agreement with The Ministry of Planning to put funds for them in the next budget. "

He added: "When the budget is prepared, the Finance Committee needs to seek the views of many experts and academics and there is a role for governors in the councils to identify the most prominent projects and therefore linked to the financial allocations for each province." 

The first deputy speaker of the House of Representatives, Hassan Karim al-Kaabi, the involvement of local governments in the preparation of the federal budget for next year, noting that the Parliament is keen to increase financial allocations in future budgets. 

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1 hour ago, gregp said:

 

Agreed.

October-1 and Done.  

:cigar:

 

NO NO NO!!! NOW!!! 😭

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7 hours ago, yota691 said:
September next," noting that "there will be a qualitative boom in the Iraqi economy through drastic changes in public expenditure and investment funds and services."
The source, who preferred not to be named, said that "the 2020 budget will be strengthened by the final accounts and will include tables on internal and external indebtedness, taxes, customs, border crossings and returns of state property."

I recall:

"the change will raise the exchange rate of the Iraqi dinar " and

"The Commission is determined to make these changes during the next phase" LINK

We should be in the "next phase" now!

JMO

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In MY (NOTE: MY) opinion, ELI The ICE Man HAS to appear SHORTLY, er, scratch the reference to "electrical" "shorting" WITH EMINENTLY to induce ALL THIS PRIOR TO OCCURRING!!!

 

Otherwise, a "program" "rate" Bicraqi Iraqi Dinar WILL CAUSE PROBLEMS!!!

 

WITH the Old, er, NEW Silk Road being kicked in, a "program" "rate" Bicraqi Iraqi Dinar WILL BE A HUGE HEADACHE!!!

 

PAY the "transit" "duties" IN "program" "rate" Bicraqi Iraqi Dinar OR USD FOR Bicraqi Iraqi GOODS LEAVING Iraq???!!!

 

THAT will LOAD UP the corrupt weekday Bicraqi Iraqi CBI DAILY currency auctions!!!

 

THEE "East" TO "West" AND "West" TO "East" "transit" "duties" THROUGH Iraq.

 

2018 : U.S. trade in goods with China

NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Table reflects only those months for which there was trade.

Month Exports Imports Balance
January 2018 9,902.6 45,765.6 -35,863.1
February 2018 9,759.9 39,020.6 -29,260.7
March 2018 12,652.1 38,327.6 -25,675.5
April 2018 10,503.8 38,303.9 -27,800.1
May 2018 10,428.2 43,965.7 -33,537.5
June 2018 10,860.1 44,612.1 -33,752.0
July 2018 10,134.6 47,120.6 -36,986.0
August 2018 9,285.9 47,869.2 -38,583.3
September 2018 9,730.0 50,015.0 -40,285.0
October 2018 9,139.9 52,202.3 -43,062.5
November 2018 8,606.2 46,500.8 -37,894.6
December 2018 9,144.9 45,972.1 -36,827.2
TOTAL 2018 120,148.1 539,675.6 -419,527.4

 

https://www.census.gov/foreign-trade/balance/c5700.html

 

The above table reflects the 2018 trade imbalance between The United States Of America AND China (419 BILLION USD per year IN FAVOR OF CHINA).

 

THAT IS A HUGE DRAIN ON The United States Of America financial AND economic system.

 

Say, for round numbers, 500 BILLION USD per YEAR passes EACH WAY FROM China TO Europe AND Back WITH a "nominal" 1% transit fee:

 

500 BILLION USD per year x 2 x 0.01 = 50 BILLION USD PER YEAR FOR THE Bicraqi Iraqi!!!

 

WOWZERS!!!

 

AND THIS ONLY ACCOUNTS FOR China AND European Trade BUT ALL THE OTHER COUNTRIES ALONG THE WAY MUST BE CONSIDERED AS WELL FOR THE COMPLETE ECONOMIC BENEFIT FOR THEE Bicraqi Iraqi!!!

 

The 2019 Bicraqi Iraqi Budget is nominally 120 TRILLION Bicraqi Iraqi Dinar OR, nominally, 100 BILLION USD!!!

 

So, the "transit" "duties" WILL FORCE AN "open" "economy" INTERNATIONAL REAL TIME Bicraqi Iraqi Dinar NOT TO MENTION THE Bicraqi Iraqi Dinar PAYMENTS TO THE INSANIANS!!! Are the Bicraqi Iraqi GOING TO INTERNATIONALLY PAY FOR Insanian Goods INTERNATIONALLY WITH a "program" "rate" Bicraqi Iraqi Dinar???!!!

 

IF The Bicraqi Iraqi Banks ARE converting "program" "rate" Bicraqi Iraqi Dinar TO USD for Insanian "humanitarian" "goods" WOULDN'T THE Bicraqi Iraqi Banks BE LAUNDERING MONEY FOR THE Insanians???!!!

 

Would The United States Treasury ALLOW THIS OUTSIDE OF THE CURRENT SWIFT PROTOCOLS FOR "humanitarian" Insanians Goods???!!!

 

IF SO, WHY, pray tell, WOULD ANOTHER SYSTEM BE NEEDED AND USED???!!!

 

THIS process WILL BE LIKE "grinding" "some" "gears" RATHER THAN "shifting" ALL "gears" "smoothly" SO IMF SBA, WB, AND OTHER THINGS ARE LIKELY MINIMAL IN THE GRAND SCHEME OF THINGS AND WILL BE RECTIFIED ONCE NECESSARY ITEMS UNKNOWN TO THE PUBLIC ARE FIRMLY IN PLACE.

 

The United States Of America AND China Trade Deal IS ESSENTIAL TO HAVE AGREED, IMPLEMENTED, AND MONITORED FOR COMPLIANCE WITH NECESSARY REMEDIES TO PREVENT GLOBAL MONETARY IMBALANCES AND CATASTROPHIC ECONOMIC HARDSHIPS IN THE NEAR FUTURE!!!

 

For ALL THIS to assemble RELATIVELY SMOOTHLY, THE "open" "economy" INTERNATIONAL Bicraqi Iraqi Dinar EXCHANGE RATE MUST APPEAR AND THEN FLOAT RELATIVE TO THE OTHER WORLD CURRENCIES FOR TRADE TO BE ESTABLISHED ON A STABLE BASIS.

 

AS MUCH OF 2019 AS POSSIBLE IS NECESSARY FOR OTHER KEY FEATURES TO STABILIZE/TO BE PROJECTED WITH AN "open" "economy" INTERNATIONAL Bicraqi Iraqi Dinar NOW RATHER THAN LATER!!!

 

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

 

The "Standard" "Disclaimer" Applies..............................................................

 

AND (of course)...............................................................................................

 

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

:rodeo:   :pirateship:

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16 minutes ago, 3n1 said:

 

im thinking the cafeteria ... 🤣 all the best 10yl

 

....and to U 3n1- all the best. Hopefully the IMF report tomorrow will bring extremely good news🤞

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2 hours ago, Synopsis said:

In MY (NOTE: MY) opinion, ELI The ICE Man HAS to appear SHORTLY, er, scratch the reference to "electrical" "shorting" WITH EMINENTLY to induce ALL THIS PRIOR TO OCCURRING!!!

 

Otherwise, a "program" "rate" Bicraqi Iraqi Dinar WILL CAUSE PROBLEMS!!!

 

WITH the Old, er, NEW Silk Road being kicked in, a "program" "rate" Bicraqi Iraqi Dinar WILL BE A HUGE HEADACHE!!!

 

PAY the "transit" "duties" IN "program" "rate" Bicraqi Iraqi Dinar OR USD FOR Bicraqi Iraqi GOODS LEAVING Iraq???!!!

 

THAT will LOAD UP the corrupt weekday Bicraqi Iraqi CBI DAILY currency auctions!!!

 

THEE "East" TO "West" AND "West" TO "East" "transit" "duties" THROUGH Iraq.

 

2018 : U.S. trade in goods with China

NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Table reflects only those months for which there was trade.

Month Exports Imports Balance
January 2018 9,902.6 45,765.6 -35,863.1
February 2018 9,759.9 39,020.6 -29,260.7
March 2018 12,652.1 38,327.6 -25,675.5
April 2018 10,503.8 38,303.9 -27,800.1
May 2018 10,428.2 43,965.7 -33,537.5
June 2018 10,860.1 44,612.1 -33,752.0
July 2018 10,134.6 47,120.6 -36,986.0
August 2018 9,285.9 47,869.2 -38,583.3
September 2018 9,730.0 50,015.0 -40,285.0
October 2018 9,139.9 52,202.3 -43,062.5
November 2018 8,606.2 46,500.8 -37,894.6
December 2018 9,144.9 45,972.1 -36,827.2
TOTAL 2018 120,148.1 539,675.6 -419,527.4

 

https://www.census.gov/foreign-trade/balance/c5700.html

 

The above table reflects the 2018 trade imbalance between The United States Of America AND China (419 BILLION USD per year IN FAVOR OF CHINA).

 

THAT IS A HUGE DRAIN ON The United States Of America financial AND economic system.

 

Say, for round numbers, 500 BILLION USD per YEAR passes EACH WAY FROM China TO Europe AND Back WITH a "nominal" 1% transit fee:

 

500 BILLION USD per year x 2 x 0.01 = 50 BILLION USD PER YEAR FOR THE Bicraqi Iraqi!!!

 

WOWZERS!!!

 

AND THIS ONLY ACCOUNTS FOR China AND European Trade BUT ALL THE OTHER COUNTRIES ALONG THE WAY MUST BE CONSIDERED AS WELL FOR THE COMPLETE ECONOMIC BENEFIT FOR THEE Bicraqi Iraqi!!!

 

The 2019 Bicraqi Iraqi Budget is nominally 120 TRILLION Bicraqi Iraqi Dinar OR, nominally, 100 BILLION USD!!!

 

So, the "transit" "duties" WILL FORCE AN "open" "economy" INTERNATIONAL REAL TIME Bicraqi Iraqi Dinar NOT TO MENTION THE Bicraqi Iraqi Dinar PAYMENTS TO THE INSANIANS!!! Are the Bicraqi Iraqi GOING TO INTERNATIONALLY PAY FOR Insanian Goods INTERNATIONALLY WITH a "program" "rate" Bicraqi Iraqi Dinar???!!!

 

IF The Bicraqi Iraqi Banks ARE converting "program" "rate" Bicraqi Iraqi Dinar TO USD for Insanian "humanitarian" "goods" WOULDN'T THE Bicraqi Iraqi Banks BE LAUNDERING MONEY FOR THE Insanians???!!!

 

Would The United States Treasury ALLOW THIS OUTSIDE OF THE CURRENT SWIFT PROTOCOLS FOR "humanitarian" Insanians Goods???!!!

 

IF SO, WHY, pray tell, WOULD ANOTHER SYSTEM BE NEEDED AND USED???!!!

 

THIS process WILL BE LIKE "grinding" "some" "gears" RATHER THAN "shifting" ALL "gears" "smoothly" SO IMF SBA, WB, AND OTHER THINGS ARE LIKELY MINIMAL IN THE GRAND SCHEME OF THINGS AND WILL BE RECTIFIED ONCE NECESSARY ITEMS UNKNOWN TO THE PUBLIC ARE FIRMLY IN PLACE.

 

The United States Of America AND China Trade Deal IS ESSENTIAL TO HAVE AGREED, IMPLEMENTED, AND MONITORED FOR COMPLIANCE WITH NECESSARY REMEDIES TO PREVENT GLOBAL MONETARY IMBALANCES AND CATASTROPHIC ECONOMIC HARDSHIPS IN THE NEAR FUTURE!!!

 

For ALL THIS to assemble RELATIVELY SMOOTHLY, THE "open" "economy" INTERNATIONAL Bicraqi Iraqi Dinar EXCHANGE RATE MUST APPEAR AND THEN FLOAT RELATIVE TO THE OTHER WORLD CURRENCIES FOR TRADE TO BE ESTABLISHED ON A STABLE BASIS.

 

AS MUCH OF 2019 AS POSSIBLE IS NECESSARY FOR OTHER KEY FEATURES TO STABILIZE/TO BE PROJECTED WITH AN "open" "economy" INTERNATIONAL Bicraqi Iraqi Dinar NOW RATHER THAN LATER!!!

 

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

 

The "Standard" "Disclaimer" Applies..............................................................

 

AND (of course)...............................................................................................

 

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

:rodeo:   :pirateship:

 

Well, this all sounds great, but all I keep thinking of is the problem of changing the currency in the middle of the year and then having to go back and refigure the budget and everything else they would have to "refigure".  Isn't this a problem?  Is there a way to get around this?

 

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2 hours ago, Floridian said:

 

Well, this all sounds great, but all I keep thinking of is the problem of changing the currency in the middle of the year and then having to go back and refigure the budget and everything else they would have to "refigure".  Isn't this a problem?  Is there a way to get around this?

 

 

:twothumbs: Oh, YEAH!!!, Floridian, AND The Very Best Of Your Weekend To You!!! :tiphat:

 

For PREVIOUS budget allocations AND expenditures for the FIRST half of 2019, THEE 2019 budget would cover THOSE UNTIL the specified time of the SUPPLEMENTAL 2019 budget for the SECOND half of 2019. The SUPPLEMENTAL 2019 budget would stipulate the RESOLUTION of ANY outstanding issues so THAT there is an apples to apples transition from the "closed" "economy" Bicraqi Iraqi Dinar TO THEE "open" "economy" INTERNATIONAL Bicraqi Iraqi Dinar.

 

The United States Treasury HAS BEEN AT THEE Bicraqi Iraqi CBI since January 2015 AND I AM SURE IS "advising" THEE Bicraqi Iraqi!!!

 

Pretty SURE the payment for Insanian Imports IN Bicraqi Iraqi Dinar IN Bicraqi Iraqi Banks IS AN EFFECTIVE MEASURE AND TEMPORARY WORK AROUND TO GOING INTERNATIONAL WITH THEE Bicraqi Iraqi Dinar!!!

 

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

 

The "Standard" "Disclaimer" Applies.........................................................................

 

AND (of course)..........................................................................................................

 

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

:rodeo:   :pirateship:

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30 minutes ago, Synopsis said:

 

:twothumbs: Oh, YEAH!!!, Floridian, AND The Very Best Of Your Weekend To You!!! :tiphat:

 

For PREVIOUS budget allocations AND expenditures for the FIRST half of 2019, THEE 2019 budget would cover THOSE UNTIL the specified time of the SUPPLEMENTAL 2019 budget for the SECOND half of 2019. The SUPPLEMENTAL 2019 budget would stipulate the RESOLUTION of ANY outstanding issues so THAT there is an apples to apples transition from the "closed" "economy" Bicraqi Iraqi Dinar TO THEE "open" "economy" INTERNATIONAL Bicraqi Iraqi Dinar.

 

The United States Treasury HAS BEEN AT THEE Bicraqi Iraqi CBI since January 2015 AND I AM SURE IS "advising" THEE Bicraqi Iraqi!!!

 

Pretty SURE the payment for Insanian Imports IN Bicraqi Iraqi Dinar IN Bicraqi Iraqi Banks IS AN EFFECTIVE MEASURE AND TEMPORARY WORK AROUND TO GOING INTERNATIONAL WITH THEE Bicraqi Iraqi Dinar!!!

 

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

 

The "Standard" "Disclaimer" Applies.........................................................................

 

AND (of course)..........................................................................................................

 

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

:rodeo:   :pirateship:

 

Thanks, Synopsis.   I knew you would have a good explanation. I feel a lot better now. 

😀

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@Synopsis

 

I have another question.  If the Supplemental Budget is coming out in September, can they RV now?

Or do they have to wait for the Supplemental Budget to come out?

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9 hours ago, Floridian said:

@Synopsis

 

I have another question.  If the Supplemental Budget is coming out in September, can they RV now?

Or do they have to wait for the Supplemental Budget to come out?

Depends on when budget takes effect

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I thought the supplemental budget for 2019 and the 2020 budget were 2 different budgets.

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38 minutes ago, msdee said:

I thought the supplemental budget for 2019 and the 2020 budget were 2 different budgets.

They are...the supplemental budget for 2019 is money exceeding the project price per barrel an money collect threw tariffs. The 2020 budget has final accounts of almost decade of past budgets. If that make any sense..IMO an GM DV

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Thank You Yota .GM DV 's ......I dont understand....."He pointed out that "the draft budget 2020 is now working on a specialized team, under the supervision of Prime Minister Adel Abdul Mahdi, will include two prices of oil fixed and moving."...has oil ever had 2 prices and why ? 

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Depends on the price of oil set for the Budget, if they set it at $56 per barrel which is fix, an the price of barrel exceed $56 which is over an moving you have the equations with that statement...IMO

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I should have said over an under with the above, also tariffs revenues which Iraq is not really accustomed to adds to the budget which went into effect this year, is all new to them..I could be wrong but that the way I read it...

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11 hours ago, Floridian said:

@Synopsis

 

I have another question.  If the Supplemental Budget is coming out in September, can they RV now?

Or do they have to wait for the Supplemental Budget to come out?

 

:twothumbs: Good Question, Floridian, AND ALL The Best!!! :tiphat:

 

I have NOT seen the Bicraqi Iraqi GOI voted on AND approved Supplemental 2019 Budget.

 

SO................................................................

 

Pretty suspicious the Bicraqi Iraqi GOI voted on AND approved Supplemental 2019 Budget HAS NOT BEEN MADE PUBLIC YET!!!

 

WHY, pray tell, NOT YET PUBLISHED FOR PUBLIC VIEWING???!!!

 

I am trying to remember if Salem (Bicraqi Iraqi Prez'dent) HAS to sign the Bicraqi Iraqi Supplemental 2019 Budget OR if it JUST needs to be published in the Bicraqi Iraqi Gazette TO BECOME EFFECTIVE.

 

Past years' Bicraqi Iraqi Budgets WERE published in the news media BEFORE the Gazette so WHO, pray tell, KNOWS what is going on with ALL the "secrecy"???!!!

 

SO................................................................

 

WE ALL wait AND see.

 

Maybe BABY the PROTESTORS TODAY WILL demand the Bicraqi Iraqi Supplemental 2019 Budget BE PUBLISHED IN THE Bicraqi Iraqi Gazette!!!

 

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

 

The "Standard" "Disclaimer" Applies.......................................

 

AND (of course)........................................................................

 

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

:rodeo:   :pirateship:

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9 hours ago, blueskyline said:

Thank You Yota .GM DV 's ......I dont understand....."He pointed out that "the draft budget 2020 is now working on a specialized team, under the supervision of Prime Minister Adel Abdul Mahdi, will include two prices of oil fixed and moving."...has oil ever had 2 prices and why ? 

Working on or based on? Post rv?

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Budget 2020 .. Ministries reveal their needs and calls for the adoption of the principle of Mahromih

Political | 08:24 - 20/07/2019

 
image
 
 


Special - Mawazin News The 
 government began preparing a draft federal budget bill for next year, amid calls for the adoption of new principles to ensure that the provinces and ministries have quotas commensurate with their needs. 
Informed sources said in an interview with "Mawazin News" that "the ministries began to disclose their needs and send them to the Ministry of Planning, to be included in the budget next year." 
She added that "there are fixed expenses will be in the budget allocations of the Ministries of Commerce, Defense and Interior," noting that "the budget will be sent to the Council of Ministers during the next month." 
For his part, demanded the MP for Muthanna province Faleh Ziadi, to "adopt new principles in the preparation of the budget next year," noting that "must be considered allocations of the provinces according to the Mahroumit lived by and not just for its population census."
He added that "Muthanna from the deprived provinces and there is no infrastructure, but allocations in the budget over the past years were less than the requirements," noting that "there are some governorates suffer from the disadvantaged and the other infrastructure, and the subject here should be measured by the extent of the disadvantaged and not the census "Ending 29 / h

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133106.jpg?width=750&&height=375

 
2019/07/21 14:39
  • Number of readings 23
  • Section: Iraq
  •  
  •  

Parliamentary Finance: Budget 2020 will arrive on its legal date

BAGHDAD / The obelisk: The Finance Committee of the parliamentary, on Sunday, an agreement with the Ministry of Finance to send the financial budget for 2020 on schedule, indicating that it continues to hold meetings with the government to include all items of the budget by consensus.

"The Ministry of Finance assured us during several meetings to send the 2020 budget in October, the legal date specified," committee member Haneen al-Qaddu told local media.

He added that "meetings between the Finance Committee and the representative of the government departments are continuing to identify the needs and include them within the federal budget."

He explained that "the budget will be different orientations within the next year to represent the economic openness of the government to invest and increase financial resources alternative to oil."

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http://almasalah.com/ar/news/175240/المالية-النيابية-موازنة-2020-ستصل-في-موعدها-القانوني

 

 
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Finance Committee: We seek to maximize resources by 2020 budget

Economy 08:42 - 21/07/2019

image

 

Private - Mawazine News
The Finance Committee of the parliamentary, on Sunday, to maximize economic resources in the budget of 2020 through the introduction of agriculture and industry resources.
The committee member Dulaimi said in a statement to "Mawazin News" that "the Finance Committee put the 2020 budget strategy on the Ministry of Finance," indicating that "the budget will be different directions next year to represent the government's economic openness to investment and increase financial resources alternative to oil."
"There is no agreement so far about changing the price of a barrel of oil in the 2020 budget, and not in the provinces," Dulaimi said.
The Finance Committee revealed earlier, its agreement with the Ministry of Finance to receive the draft budget 2020 in September next, indicating that the budget will create a qualitative boom in the Iraqi economy through drastic changes in public expenditure and investment funds and services, noting that the budget 2020 will be strengthened control accounts The closing will include tables on internal and external indebtedness, taxes, customs, border crossings and returns of state property

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