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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    parliamentary Committee warns of salary cuts and pull back the Central BankBaghdad/Firas Majid

    Rocky
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    parliamentary Committee warns of salary cuts and pull back the Central BankBaghdad/Firas Majid Empty parliamentary Committee warns of salary cuts and pull back the Central BankBaghdad/Firas Majid

    Post by Rocky Wed 26 Feb 2014, 3:45 pm

    [size=12.66]A parliamentary Committee warns of salary cuts and pull back the Central BankBaghdad/Firas Majid

    02/26/2014




    Baghdad/Firas Majid

    The parliamentary Economic Committee, confirmed that the Federal Government would use measures to bridge the fiscal deficit in the State budget, most notably the withdrawal of Central Bank reserves and bank capital Rafidain and Rasheed and put stocks and Government bonds for sale.
    Warned Committee member Deputy Nora albegari of the Iraqi Government headed by Nouri al-Maliki has taken a number of measures to plug in the General State budget for 2014, the first payroll financial "zero, one of the 10%, and this percentage is very low disability don't render the big thing, with the reduction in the rate of implementation of investment projects proposed by the ministries and departments to the Ministry for approval to implement them and retaining only the ongoing investment projects from previous years.

    Albegari warned of the risk that the Federal Government withdraw the reserve balance at the Central Bank of Iraq and this is dangerous for the future of Iraq and the country's financial balance as there $ 70 billion asset backed up and about 13 tons of gold reserves after the Central Bank retains a balance for years, so the Government would step in withdrawing cover Iraqi currency which is unprecedented in the history of Iraq, as well as the financing of part of the investment projects through a Bank and Rafidain State without giving encouragement to the private sector And private banks, noting that those banks with large capital is estimated at 26 trillion dinars to finance the housing projects of electoral propaganda.

    Adding placeholders to actions to be taken by the Government to plug, put Government bonds for sale in the auction of foreign currency by the Central Bank here is the largest in the financial budget deficit through the sale of bonds and borrowing from the World Bank financing for Iraq, in addition to the PM discusses government budgets through the ministries and State services and control the financial ratios of the non-implementation of the budgets of ministries and the provincial investment projects to run out of time to approve the budget after expectations in April next and running out of time Project implementation in the remaining months of the financial year.

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