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Samson: Finance Committee in the House of Representatives: a surplus of funds due to high oil prices
16th July, 2019
The Finance Committee in the House of Representatives, Tuesday, July 16, 2019, a surplus of funds due to high oil prices, and record low price in the budget of 2019.
"The price of oil in all budgets is set by experts in a speculative manner, even if there is a rise or fall in world oil prices," said committee commissioner Ahmed al-Saffar.
Al-Saffar said that "there is a financial surplus, because the price of a barrel in the budget (56), in fact, is much higher, this money will be within the supplementary budget, which is distributed after half a year, if there is a financial surplus, Surplus".
"The distribution of the supplementary budget funds is the responsibility of the ministries of finance and planning, and the House of Representatives has a role to do so, and be distributed according to regions and provinces that have received a few allocations, or is allocated part of this money for important projects,
Likely that "the next few days, will witness the preparation and distribution of the supplementary budget." LINK
KTFA: Monday Night KTFA CC 7-15-19
PLAYBACK # : 605.313.5163 PIN: 156996# Or (605) 313-5153 PIN: 319183#
Clare: MESSAGE FROM FRANK: FAMILY THE INFORMATION WE RECEIVED AT THE END IS FANTASTIC, I JUST CANNOT SHARE IT. STAY IN CONSTANT PRAYER.
GOD BLESS YOU, ALOHA... FRANK
Clare: IF ONE WERE WATCHING LIVESTREAM, AT THE END FRANK LOOKED AT HIS PHONE AND RECEIVED INFORMATION. HE WAS LETTING US KNOW IT WAS GOOD INFORMATION, HENCE HIS MESSAGE TO EVERYONE.
Clare: AWESOME CC!!! THANK YOU FRANK, WALKINGSTICK, DELTA, AG-1 & TEAMS!
WE "SEE THE INVISIBLE" WITH YOU FRANK...
"PRIVATE BANKS ARE AT THE FRONT DOOR OF AN ANNOUNCEMENT"
"THE ANNOUNCEMENT IS VERY NEAR"
WHAT A POWER PACKED CC... FULL OF GREAT INFORMATION... IMO
ONCE AGAIN, THANK YOU ALL...BRAVO!
PastorDan: My limited understanding of this statement from Frank is that toward the end of the CC last night, he received some 'fantastic' information that he is unable to share with us yet.
His request is that we pray about what is taking place and I might add for wisdom and direction
for all the leadership, teams and support persons as we draw closer to the conclusion of this blessing!
Iggy: tonight is the first full moon of summer..."Thunder Moon" with a partial eclipse...
Iggy: word for the day...INDEFATIGABLE: "If you want to make it in this investment, you have to be indefatigable — never give up."
Samson: Kurdistan agrees to send 250 thousand barrels of oil per day to Baghdad
16th July, 2019
Sources confirmed that the delegation of the region, which is visiting Baghdad agreed to send 250 thousand barrels of oil and placed in the revenues of the national oil company "Sumo".
The source said that the approval was made by the Kurdish delegation headed by Barzani pleased with the payment of Baghdad 880 billion dinars as salaries to the employees of Kurdistan and Peshmerga.
She added that the Prime Minister of Kurdistan pleased Barzani confirmed that Baghdad sent 443 billion dinars only to the region, which forced him to export his oil to distribute the salaries of his employees. LINK
Samson: Al-Attar calls on the government to include the Iraqi economy for the initiative "Belt and Road"
16th July, 2019
A member of the National Business Council Ghadir Al-Attar, on Tuesday, called for the government's pursuit of Iraq's accession to the Convention on the Belt and Road.
Al-Attar said in a press statement received by Al-Ghad Press that "the project of the Belt and Road Initiative aims at reviving the ancient Silk Road, which was spread across Asia and Europe to transport goods from those areas to China and vice versa." "He said.
"Attar pointed out that "Iraq's accession to the Convention and the road belt will benefit the national economy and infrastructure as well as it aims to converge the economic visions among the countries participating in the project."
He added that "the new government's program should emphasize the need to open up to all countries, especially in the field of major economic investments and constructions, which concern transport and trade, which contribute to the strengthening of Iraq's economy."
The Iraqi government signed with the Chinese side at the end of 2015 agreements and memorandums of economic cooperation and to participate in the construction of the economic belt of the Silk Road land and sea, but things are still going very slowly until today. LINK
Samson: Venezuela defies US sanctions and sells gold for $ 40 million
16th July, 2019
Venezuela sold 40 million dollars worth of gold last week and said Venezuela's international reserves had reached their lowest level in nearly three decades, Bloomberg reported.
Bloomberg quoted people familiar with the matter as saying that on July 12 the Venezuelan Central Bank sold almost a ton of gold, reducing Venezuelan reserves to $ 8.1 billion, its lowest level in almost 30 years.
After US sanctions limited Venezuela's access to the global financial system, Carax began selling gold to companies in countries such as the UAE and Turkey, with sales of 24 tonnes of gold since the beginning of April.
The US Treasury Department's Foreign Assets Control Office last April included the Central Bank of Venezuela in the sanctions list to press the government of Venezuelan President Nicolas Maduro. LINK
StephenMac63: A farmer selling the seeds.....not good.
Chappy86: Samson, this a HUGE article pointing us to a substantial change in wealth in Iraq. Combine this with Iraq proposed GDP of 8% in 2020 and we have a new world coming.
Samson: Disclosure of the date of receipt of the 2020 budget and parliamentary finance confirms: There will be a boom in the Iraqi economy
16th July, 2019
A source in the Finance Committee of the parliamentary, on Tuesday, the date of receipt of the draft budget for 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 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."
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." LINK