Thread: Iraq/Dinar News. 09/05 to 01/14/07

BAGHDAD: Iraq's government is considering an expansive budget for next year to stimulate its ravaged economy in a finance bill that should go to parliament by the end of next month, a senior government official said. Deputy Prime Minister Barham Salih, who oversees economic affairs, said he and others were pushing for a less cautious view of revenues than those projected by the Finance Ministry and said capacity for spending was improving after a hiatus during the lengthy formation of the government this year.

He said a final budget would probably take longer than a couple of weeks but that the government was conscious of its constitutional obligation to present a bill to parliament by the end of September.




Seems like alot of stuff has to be accomplished by end of Sept.

I believe Sept is gonna be a big month for the Iraqi people and dinar holders and especially for all the Birthday gals, Tiff.

Originally Posted by Webster

This was dated:
Posted 8/3/2004 12:30 AM Updated 8/3/2004 9:34 AM

Thanks for this Webster!

If this has already been posted, forgive me.






Iraq turning focus to economic rebuilding

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BAGHDAD, 27 August 2006 (Reuters)
Iraq’s government hopes its plans to attract investment and create jobs can stem a descent into civil war and says foreign leaders should back a U.N. economic package or face a disaster for the entire Middle East.

In an interview with Reuters, Deputy Prime Minister Barham Salih, the government’s top economic official, said the need to clamp down on sectarian and ethnic violence would not distract him from working to develop Iraq’s vast potential oil wealth. Restoring prosperity could help rein in the killing, he argued.

“Undeniably security has to rank at the top,” Salih, the most senior ethnic Kurd in the Cabinet, said of its priorities.

“But does that mean at the expense of the economy and services? You cannot. All these things are inter-related. You need to regenerate the economy, create meaningful opportunities for employment, in order to help the security environment.”

As a result, while bombs and death squads kill dozens of Iraqis every day and U.S. and Iraqi forces sweep Baghdad this month to try to staunch the bloodshed, Salih and other ministers are engaged in intensive meetings in their Green Zone official redoubt, wrangling over the budget and oil industry regulations.

While the lack of a government for six months following the election last December means that ministries are well behind in implementing plans for spending this year, Salih is pushing the Finance Ministry to pump more money into the economy next year.

“The Finance Ministry is erring on the side of caution in terms of budget revenue projections,” he said late Saturday. “Iraq needs a budget that should be more ambitious and we need to stimulate the economy by providing the funds necessary for investment ... This budget will be crucial to Iraq.”

A 2007 budget plan should reach Parliament before the end of next month, in line with a constitutional deadline, he said.

The budget and legislation to attract investment in the oil industry, which produces almost all of Iraq’s income, are being showcased to international institutions being shepherded by the United Nations into the “Compact for Iraq,” what Salih calls a “vision” for support to the country over the next five years.

U.N. Secretary General Kofi Annan will host a meeting Sept. 18 in New York before the General Assembly. Foreign governments also will be solicited during the annual meetings of the World Bank and International Monetary Fund the week before.

“We need sustainable, meaningful engagement of ... all the international community, not just the United States and certain other powers,” said Salih, an urbane, British-educated engineer whose warm personal relations with U.S. and British officials are a feature of Iraqi efforts to win foreign support.

“Success in Iraq will have good consequences for the region and the rest of the world,” he said during talks at his marbled official residence, once home to an aide to Saddam Hussein.

“God forbid, failure in Iraq will be disastrous for everybody, not just for the people of Iraq," he added. “It is time ... that the international community moves beyond the differences of the past and unites around the central task of helping Iraq achieve economic and political stability.”

Racing inflation of 70 percent, along with unemployment at 50 percent by Central Bank estimates, is causing grave hardship, with fuel prices especially being driven up as subsidies are phased out under a deal with the International Monetary Fund.

Mindful of popular anger, Salih said the government was also looking at ways to target help to the neediest.

The factions in Prime Minister Nuri al-Maliki’s national unity coalition are thrashing out a crucial law to regulate the oil and gas sector, without which, even without saboteurs attacking installations, foreign companies are not going to start putting money into renovating Iraq’s aged infrastructure.

Internal meetings last week secured a basic agreement that control of resources must be shared between central and regional governments, in line with the new constitution, said Salih, whose fellow Kurds are eyeing profits from oil in their region.

But a bill will take at least a couple of months to finish, he added. Divisions reflect in part concerns among the once dominant Sunni Arab minority that new constitution’s autonomy for federal regions could give southern Shi’ites and northern Kurds a lion’s share of the world’s third biggest oil reserves.

Insisting the bill was crucial but should not be rushed, Salih said: “This will decide the political economy of Iraq.

“This will decide the future of politics of this country.”

Originally Posted by readytogo

BAGHDAD: Iraq's government is considering an expansive budget for next year to stimulate its ravaged economy in a finance bill that should go to parliament by the end of next month, a senior government official said. Deputy Prime Minister Barham Salih, who oversees economic affairs, said he and others were pushing for a less cautious view of revenues than those projected by the Finance Ministry and said capacity for spending was improving after a hiatus during the lengthy formation of the government this year.

He said a final budget would probably take longer than a couple of weeks but that the government was conscious of its constitutional obligation to present a bill to parliament by the end of September.




Seems like alot of stuff has to be accomplished by end of Sept.

I believe Sept is gonna be a big month for the Iraqi people and dinar holders and especially for all the Birthday gals, Tiff.

End of September~~End of September....which is TECHNICALLY by September 23rd because Ramadan starts on the 24th. NOW. My question is, Doesn't pretty much EVERYTHING shut down for Ramadan? And if so, wouldn't it be logical to get these ducks in line to see how they are going to 'behave' as quickly as possible? ...it would also give the people something more to be thankful for and pray for...

Originally Posted by tiffany

End of September~~End of September....which is TECHNICALLY by September 23rd because Ramadan starts on the 24th. NOW. My question is, Doesn't pretty much EVERYTHING shut down for Ramadan? And if so, wouldn't it be logical to get these ducks in line to see how they are going to 'behave' as quickly as possible? ...it would also give the people something more to be thankful for and pray for...

Interesting,

Logics, wouldn't it be nice if Iraq leaders were logical thinkers, but I have to question this over and over as so many in parliament are obvious *****s.
Egads, all in the name of equally spreading out positions to satisfy all the ethnic sects, and what do you get, and bunch of illiterates. The sooner they choose the most inteligent ministers, the better, regardless of their sect. Now that is logics. (g)

Good luck to all, Mike

Originally Posted by Adster

Tony,

They're talking out of their anal passage. We're closer than ever. Don't listen to pyshcopathjerm or ordinary on IIF, they're both stirrers. I don't know why if you were so anti something you'd not offload and move on.

Big things are in the pipeline, September is looking better than ever. The FIL will be passed early/mid September and a r/v will come at the same time IMO.

So I guess that means the 2nd of September is another "not happening" happening? ow.

Originally Posted by ourhouse37

So I guess that means the 2nd of September is another "not happening" happening? ow.

sorry. my contractor released me from his revered service this morning for accidentally overcharging a half an hour, (what a prince, eh?) and my outlook is a little dark. Forgive me. Thanks for everthing you do Adam.

Outlook is a little dark......light is at the end of the tunnel. Question is, how long is the damn tunnel?!

A press statement /Press Release

Monday, 28-8-2006
Cabinet decides to form a ministerial committee to review the salaries of staff members recognized

The Cabinet decided to form a ministerial committee chaired by Deputy Prime Minister Dr. Barham Salih, the membership of Messrs Ministers of Finance, Planning and Development Cooperation, The revised salary scales of staff.

According to the decision taken by the Board at its meeting last Thursday, that the Commission's right to call the expert economists, representatives of trade unions and the various layers, It was also a period of two weeks to identify Tosaitha Committee to the Cabinet.

New Page 1

Minister of Labour and Social Affairs of Iraq : We have plans for extensive use of the new investment law إطبع المقال ارسل عنوان هذه الصفحة لصديق
Source : Middle East
28 / 08 / 06
888 Minister of Labour and Social Affairs Iraqi Mahmoud Sheikh Radi investment law the new Iraqi "is one of the best laws in force globally, the Ministry has prepared a comprehensive study for use in the development of their resources and exploit available to a broad and open to the world".

The minister said in statements to Al-Asharq Al-Awsat that the Ministry of Labour properties, resources and properties of the land and real property and facilities are distributed to all governorates of Iraq can benefit through application of this law and that, according to studies prepared by the appropriate experts on the two-way learnt first by taking advantage of Allotments Libra Yeh state or federal The allocation of part of the allocation of investment projects in Baghdad and the governorates of these projects will generate profits to the budget of the Ministry for use in other projects are in the interest of the tasks undertaken by the Ministry building role for the care of orphans or schools reform and the care of persons with disabilities and others. The other side is taking the range beyond that much of the possible involvement by Arab and foreign investors in investment projects and the exploitation of the resources of the ministry of land characterized by the location of commercial and distinct hotels of the same specifications, tourist and business centres, we have already such projects for the benefit of tourism religious building Venad s in the areas of religion and also to build a high specification commercial centers in some regions distinctive ".

And on the latest activities of the ministry said Radi learnt that the latest draft was inaugurated was the center of Baghdad, data entry for the programme of the network of social protection and is a project vital and important and respect Bmcnanh work in this programme, which is broader and more sophisticated worldwide being includes more than two million families Iraqi shortly and supervised the completion of the Draft representatives of the International Development is a very important in terms of speeding up the completion of the transactions involved a network of care and disposal of cases of fraud and to ensure that the rights of beneficiaries and to control the disbursement of subsidies to eligible applicants and finally unify the database of all involved have been helping to train Iraqi action p her collaboration with the World Bank and the company Bernek Point ".

And the network of social protection, the Minister of Labour that, "was the design of the Programme network in order to reduce poverty and mitigate the impact of social and economic reforms key will occur in Iraq, the aim of the programme is to support families with incomes inadequate and reduce social exclusion and to promote the work and Walt Ziv, by changing the social welfare system, which is applied manually and replaced most of the means of modern computer ". The minister added that till October (October) 2005, "the salaries of social care in Iraq restricted groups covered Act No. 126 of 1980, which produced some characteristics of social support for vulnerable groups only such as orphans, widows and divorcees with children minors and Sheikh great age, Almusa Bonn impede full, and the salary for the amount of time the words not subject to specific test, regardless of family size, The beneficiary does not exceed the number (171) thousand of the total million poor families by statistical capms This is in addition to the routine operation of the principle of separation of care operation.

Following the work done by the ministry in collaboration with the American Agency for International Development improved salaries care dramatically in less than a year and finally reached this system evolving as a set of benefits and services based on testing for low-income families and other vulnerable groups and the development of institutional mechanisms Ltsj Will the unemployed and the creation of employment opportunities. This is in addition to establishing mechanisms for compensation in the event of the cancellation of government support directly and indirectly, such as the cancellation of the card or government support prices and other oil derivatives ". He said that "for the implementation of this project stable funding, the Ministry of Finance to allocate $ 500 billion Iraqi dinars to offset 2006 was recorded 644 thousand families are currently in 18 provinces will be covered 27 thousand families displaced in the programme".

Translated version of http://www.alzawraa.net/home/index.php?option=com_content&task=view&id=3486&Ite mid=73