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URGENT: 2021 Budget To be Expedited ASAP


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Luigi found this news article of Dinarian interests...

Treat as factual. Varafialble. Your opine.

 

 

Iraqi News Tuesday AM 11-19-20

TLM724 Administrator BondLady’s Corner

The Chairman Of The Finance Committee Calls On The Government To Send The 2021 Budget As Soon As Possible

11/19/2020 Dr. Haitham Al-Jubouri, Chairman of the Finance Committee, called on the government on Wednesday 11/18/2020 to send the draft federal budget law for 2021 as soon as possible for the purpose of expediting its legislation. Dr. said. Al-Jubouri said that the amended Financial Administration Law No. (6) of 2019 refers to Article (11) thereof, which stipulates that the Council of Ministers shall discuss the draft Federal Budget Law, approve it, and present it to the House of Representatives before the middle of October of each year, and this has passed more than A month on the due date.

Al-Jubouri stressed that the budget law is of great importance in the lives of citizens by providing job opportunities for unemployed youth and developing effective solutions to the economic problems that the country is going through, as the Finance Committee seeks to enable the budget law to maximize the state's non-oil revenues and conduct actual economic and financial reforms. Media Department Parliament 19-November-2020

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here's another article related to the above...it appears the new rate is not in the 2021 budget...GOI is set to raid CBI reserves again.

 

 

The Third Borrowing Is Preparing To Officially Enter The 2021 Budget.

 

Reports  Economy News _ Baghdad   The fact that Iraq is ready to borrow a third, which will be included in the 2021 budget to be sent to the House of Representatives at the end of this month, has begun to unfold, and while parliamentary sources have been revealing a "prior rejection" of any new borrowing, it seems that the matter is heading to be a fait accompli.

New borrowing coming

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said in press statements, that "the Ministry of Finance is about to finalize the presentation of the draft Federal Budget Law for 2021 to the Council of Ministers for approval," indicating that "it will be shortened after pressuring and reducing its expenditures, and maximizing its imports." .

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15 minutes ago, Luigi1 said:

here's another article related to the above...it appears the new rate is not in the 2021 budget...GOI is set to raid CBI reserves again.

 

 

The Third Borrowing Is Preparing To Officially Enter The 2021 Budget.

 

Reports  Economy News _ Baghdad   The fact that Iraq is ready to borrow a third, which will be included in the 2021 budget to be sent to the House of Representatives at the end of this month, has begun to unfold, and while parliamentary sources have been revealing a "prior rejection" of any new borrowing, it seems that the matter is heading to be a fait accompli.

New borrowing coming

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said in press statements, that "the Ministry of Finance is about to finalize the presentation of the draft Federal Budget Law for 2021 to the Council of Ministers for approval," indicating that "it will be shortened after pressuring and reducing its expenditures, and maximizing its imports." .

why do you think they are gong to put the rate in it????? idiots

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13 hours ago, screwball said:

why do you think they are gong to put the rate in it????? idiots

 

 

Iraq is broke & so will be the CBI if it gets raided again. They better do something now & do it quickly & not pussyfoot around. They can't operate forever with no cash reserves while being broke.

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15 hours ago, Luigi1 said:

The Third Borrowing Is Preparing To Officially Enter The 2021 Budget.

 

Wow this is the third time. This is unbelievable. My question is did goi already pay back all their first and second borrowing? How did goi pay back all their first and second borrowing if iraq cash reserves itself doesn't have enough monies? If a bribe and corruption are one of the reasons why goi keeps borrowing monies, then goi must do something soon to eliminate the corruption and bribe immeditely in order to get trust back from iraq citizens. If iraq citizens can get trust back from the goi, then iraq citizens doesn't mind putting their monies in the bank instead of hiding their monies under the mattress.

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44 minutes ago, rvmydinar said:

Wow this is the third time. This is unbelievable. My question is did goi already pay back all their first and second borrowing? How did goi pay back all their first and second borrowing if iraq cash reserves itself doesn't have enough monies? If a bribe and corruption are one of the reasons why goi keeps borrowing monies, then goi must do something soon to eliminate the corruption and bribe immeditely in order to get trust back from iraq citizens. If iraq citizens can get trust back from the goi, then iraq citizens doesn't mind putting their monies in the bank instead of hiding their monies under the mattress.

 

GOI raided the CBI in October then again tpay wages & avoid a revolt by the people. The 3dr raid will be to pay wages under the 2021 Budget. CBI had $63 Billion in reserves up to October. CBI is down to less than $30 Billion & that's before they raid it to pay 2021 wages. Iraq will be in no position to finance any kind of a  RV without any reserves. They may have no coice but to do a LOP. You can't squese blood from a turnup.

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17 hours ago, Luigi1 said:

here's another article related to the above...it appears the new rate is not in the 2021 budget...GOI is set to raid CBI reserves again.

 

 

The Third Borrowing Is Preparing To Officially Enter The 2021 Budget.

 

Reports  Economy News _ Baghdad   The fact that Iraq is ready to borrow a third, which will be included in the 2021 budget to be sent to the House of Representatives at the end of this month, has begun to unfold, and while parliamentary sources have been revealing a "prior rejection" of any new borrowing, it seems that the matter is heading to be a fait accompli.

New borrowing coming

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said in press statements, that "the Ministry of Finance is about to finalize the presentation of the draft Federal Budget Law for 2021 to the Council of Ministers for approval," indicating that "it will be shortened after pressuring and reducing its expenditures, and maximizing its imports." .

I see another article that says they are going to borrow again, however the plan is this time to borrow from the citizens and not the CBI.. in other words IMO, borrow from the citizens (RV) to get them to turn in their dinars from their houses in exchange for a higher rate somehow.. we will see.

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17 hours ago, Luigi1 said:

They may have no coice but to do a LOP.

If iraq wants to LOP, iraq could have done it a long time ago. Why has iraq had to wait for almost 17 years just to LOP? I don't think so. I believe iraq will not LOP.

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On 11/21/2020 at 6:48 AM, GregHi said:

I see another article that says they are going to borrow again, however the plan is this time to borrow from the citizens and not the CBI.. in other words IMO, borrow from the citizens (RV) to get them to turn in their dinars from their houses in exchange for a higher rate somehow.. we will see.

Exactly higher rate and higher interest rate atleast 8% line it was back around   2006-2009

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On 11/21/2020 at 7:16 AM, rvmydinar said:

If iraq wants to LOP, iraq could have done it a long time ago. Why has iraq had to wait for almost 17 years just to LOP? I don't think so. I believe iraq will not LOP.

Exactly! Also, the governor of the CBI said years ago that they had no intention to lop, and the only reason to lop would be if they had out of control  inflation (like Venezuela) which they don’t. 

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4 minutes ago, Half Crazy Runner said:

Exactly! Also, the governor of the CBI said years ago that they had no intention to lop, and the only reason to lop would be if they had out of control  inflation (like Venezuela) which they don’t. 

some people dont listen to this....

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On 11/21/2020 at 5:33 AM, Luigi1 said:

 

GOI raided the CBI in October then again tpay wages & avoid a revolt by the people. The 3dr raid will be to pay wages under the 2021 Budget. CBI had $63 Billion in reserves up to October. CBI is down to less than $30 Billion & that's before they raid it to pay 2021 wages. Iraq will be in no position to finance any kind of a  RV without any reserves. They may have no coice but to do a LOP. You can't squese blood from a turnup.

no LOP....money held by central Banks around world, i think this was hundreds of billions not to mention assets in the ground....wake up muppets

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