[size=30]KTFA Members "News and Views" Saturday PM 9-12-2020[/size]
KTFA:Samson: Shankali: Iraq will witness an economic collapse .. The distribution of salaries is not an achievement
12th September, 2020
The leader of the Kurdistan Democratic Party, Majid Shankali, confirmed, on Saturday, that Iraq will witness an economic and financial collapse within a short period.
Shankali said in a tweet on Twitter: "The 2020 budget deficit is close to 81 trillion dinars. If the situation continues in this way, Iraq will witness an economic and financial collapse within a short period."
He added, "The sale of oil and borrowing to pay salaries and expenses cannot be called government achievement. Reform requires the radical eradication of corruption and not a conservative treatment of its complications." LINK
Ryan1216: Iraq has to very quickly raise the value of the IQD….imo
Osmosis: It's like they don't have a clue what the solution is.......IMO
Samson: An Iraqi delegation will visit Kuwait tomorrow to discuss these files
10:09 - 12/09/2020
The Kuwaiti newspaper Al-Qabas reported, on Saturday, that an Iraqi delegation will visit Kuwait tomorrow, Sunday, to discuss several files related to the two sides.
The newspaper stated, in a news briefed by the information, that “The Senior Undersecretary of the Iraqi Ministry of Foreign Affairs, Ambassador Abdul Karim Hashem, arrives in the country tomorrow heading the Iraqi delegation, which will attend the meeting of the follow-up committee concerned with examining what has been achieved of what was agreed upon in the Kuwaiti-Iraqi Joint Higher Committee, which was postponed at the end of Father".
She added, "The meeting will be held the day after tomorrow, Sunday, and the Kuwaiti side will be chaired by Deputy Foreign Minister Khaled Al-Jarallah," noting that "the most important files that will be discussed are the demarcation of maritime borders, the opening of land ports, commercial and economic exchange, terrorism and compensation, in addition to the security challenges in the region."
MilitiaMan: Timing is very well in sync.. imo ~ MM
*********
Samson: Parliamentary Finance: The current budget is operating par excellence, and the government cannot borrow externally
17:36 - 10/09/2020
The Parliamentary Finance Committee indicated, on Thursday, that the federal budget bill for the year 2020 is an operational budget only.
Committee reporter Ahmed Al-Saffar said to / the information /, that “the federal budget bill for the year 2020 is an operating budget par excellence, in addition to that it does not have sufficient cover for ten months,” pointing out that “external borrowing can only be done for an investment project, as borrowing is considered Government failure and tampering with public money”.
He added that "the volume of debts owed by the government has reached 25 billion dollars abroad, 85 trillion internal dinars," noting that "the government borrows from countries that do not have resources, and this is unfortunate."
The Ministry of Planning referred the budget for the year 2020 to the Council of Ministers for approval, and then referred it to the House of Representatives for approval so that the borrowing law could be approved in order to release the entitlements of employees and citizens for the remaining months of the current year, confirming work with the relevant authorities to prepare the 2021 budget.
LINK
MilitiaMan: "The big difference between government debt and sovereign debt is that government debt is issued in the domestic currency, while sovereign debt is issued in a foreign currency. The loan is guaranteed by the country of issue."
So in the article above they speak of Debt. They speak of they cannot borrow externally for the budget to pay salaries, it is for investment projects. They say the have 25 billion in debt. That is Sovereign Debt, the other 85 Trillion is their currency issued. imo CBI site shows less imo.. But none the less, they are telling us how much they have real close in both categories.
Then they talk about the 2020 budget where they COM was given it for approval and the next leg is for the HoR approval to release the entitlements of employees and citizens for the remaining months for this year. But, take note the Budget is not for 3 months, but, the whole year.
That is very telling. It means imo that the whole year will not be at 1/12th each month for the whole year. Thus, we could may see the 2019 FMLA associated with the 2020 to then prepare the 2021.. imo ~ Again, we shall watch the next few days... imo ~ MM
7-FA: The White House
Foreign Policy
September 11, 2020
“Now that the ice has been broken, I expect more Arab and Muslim countries will follow the United Arab Emirates’ lead.”
President Donald J. Trump
SECURING ANOTHER HISTORIC AGREEMENT: President Donald J. Trump has brokered a deal to establish full diplomatic relations between Bahrain and Israel – the second such agreement between Israel and an Arab nation in less than one month.
Israel and Bahrain have committed to begin the exchange of embassies and ambassadors, start direct flights between their countries, and launch cooperation initiatives across a broad range of sectors.
This peace deal is a significant step forward for both Israel and Bahrain.
It further enhances their security while creating opportunities for them to deepen their economic ties.
This deal comes on the heels of the historic normalization agreement between Israel and the United Arab Emirates.
The United Arab Emirates and Bahrain are the first Arab nations to normalize relations with Israel in more than 25 years.
The United States will continue to support the people of Bahrain as they work to counter terrorism and extremism, develop economically, and build new peaceful partnerships across the region.
CREATING THE CONDITIONS FOR PEACE: President Trump’s wise foreign policy strategy has created the conditions for peace between Israel and its neighbors.
When President Trump took office, the Middle East was in a state of extreme turmoil.
President Trump has worked to rebuild trust with our regional partners and identify their shared interests, moving them away from the conflicts of the past.
Thanks to the President’s bold foreign policy vision and his acumen as a dealmaker, nations across the region are realizing the benefits of his thoughtful approach.
As the President’s work continues, more Arab and Muslim countries will likely seek to normalize relations with Israel.
Each country that normalizes relations will build upon the other, bringing peace and prosperity to the region and the people who live there.
AN UNPRECEDENTED REGIONAL TRANSFORMATION: After decades of instability and crisis, nations across the Middle East and Africa are increasingly working together to build a more peaceful and prosperous future.
Thanks to President Trump’s leadership, the Arab world is experiencing the most rapid geopolitical transformation in more than a generation.
As more countries normalize relations with Israel, the region is becoming more stable, secure, and prosperous.
Expanded business and financial ties between economies will accelerate growth and economic opportunity across the region.
Agreements with Bahrain and the United Arab Emirates also help to advance President Trump’s vision for finding a fair and lasting peace between Israel and the Palestinians.
The United States will continue to stand with the people of the region as they work to build a brighter, more hopeful future.
View Original Content: https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-brokered-historic-deal-israel-kingdom-bahrain/
Today at 7:23 am by Rocky
» Governor of Baghdad: 20 projects will be included during the current year in the city of Nahrawan
Today at 7:20 am by Rocky
» More than $242 million in central bank sales today
Today at 7:17 am by Rocky
» Advisor: Sudanese is determined to close the displacement file
Today at 7:14 am by Rocky
» Al-Sudani: The implementation of the 2023 budget witnessed a success that must be invested in
Today at 7:13 am by Rocky
» The Baghdad Council will decide on the nomination of the committees in the coming days
Today at 7:10 am by Rocky
» Al-Samarrai: The Sunni community is not in favor of removing American forces
Today at 7:08 am by Rocky
» A warning from Al-Rasheed to those wishing to apply for advances and loans
Today at 7:06 am by Rocky
» Azerbaijan expresses its desire to participate in the implementation of joint projects in the oil an
Today at 7:05 am by Rocky
» Fuel cards arouse citizens' discontent
Today at 7:03 am by Rocky
» utube 3/18/24 MM&C Iraqi Dinar-- IQD-- Dinar Update -100% Electronic - Real Effective Exchange Rat
Today at 5:21 am by Rocky
» utube MM&C 3/16/24 0:05 / 18:16 Iraq Federal Court Brings - Strength to Financial - Politic
Today at 5:18 am by Rocky
» MM&C 3/18/24 Sudanese Advisor: Iraq will leave government monetary dealing in mid-2024
Today at 5:17 am by Rocky
» A delegation from the Kurdistan government visits Baghdad to discuss the issue of localization of sa
Today at 5:11 am by Rocky
» Director of the Central Oil Company: We are keen to provide the appropriate investment environment
Today at 5:10 am by Rocky
» The Energy Parliament calls for reporting generators violating government pricing
Today at 5:08 am by Rocky
» A representative reveals the fate of the laws of “previous sessions”
Today at 5:07 am by Rocky
» Politician: Coordination holds the keys to resolving the “Parliament Presidency” conflict
Today at 5:05 am by Rocky
» Al-Sudani: Iraq wants to carry out its peaceful activity in the field of atomic energy
Today at 5:04 am by Rocky
» Including a minister and a parliamentarian... 38 arrest and recruitment orders were issued against t
Today at 5:02 am by Rocky
» Integrity: Citizens’ cooperation resulted in detecting inflation and returning state funds
Today at 5:01 am by Rocky
» Agriculture presents 97 projects to the Ministerial Council for the Economy
Today at 4:59 am by Rocky
» Al-Sudani: We succeeded in implementing the 2023 budget, and we must continue to complete economic p
Today at 4:58 am by Rocky
» Labor adopts new mechanisms to reduce the phenomenon of begging
Today at 4:57 am by Rocky
» Electronically.. directing the collection of fees tomorrow in an Iraqi governorate
Today at 4:56 am by Rocky
» Held in Brussels.. Iraq receives an official invitation to attend the Nuclear Energy Summit
Today at 4:55 am by Rocky
» Kurdistan has been paralyzed. There has been no liquidity in hand for 50 days, and the truth has bee
Today at 4:53 am by Rocky
» The dollar continues to decline against the Iraqi dinar on the stock exchange and exchange offices
Today at 4:52 am by Rocky
» The Minister of Oil reveals the reasons for Shell’s withdrawal from Nebras: It will be divided into
Today at 4:51 am by Rocky
» The Housing Fund advises loan applicants and launches a link for inquiries
Today at 4:50 am by Rocky
» He stressed that the government’s vision is to make one class not exceed 25 students...Government me
Today at 4:48 am by Rocky
» Al-Hakim and Al-Halbousi stress the importance of choosing a speaker for Parliament in accordance wi
Today at 4:47 am by Rocky
» Iron and Steel Company: Iraq is on the verge of a major industrial revolution
Today at 4:46 am by Rocky
» Economists: Citizens still prefer cash transactions over electronic transactions
Today at 4:45 am by Rocky
» The compass of Iraq's foreign policy in a world of turbulent polarization
Today at 4:43 am by Rocky
» Parliamentary Finance: The federal budget is in the corridors of the Council of Ministers, and there
Today at 4:42 am by Rocky
» Integrity calls on citizens to report the inflation of funds in the sector of the Ministry of Labor
Today at 4:40 am by Rocky
» Al-Sudani directs the launch of initiatives for young businessmen and investors
Today at 4:38 am by Rocky
» Representative agriculture emphasizes taking supportive measures for the local product
Today at 4:37 am by Rocky
» An economist calls on the government to support and stimulate the private sector
Today at 4:36 am by Rocky
» Al-Ittihad: Employees and retirees in Kurdistan paid the price of political differences with Baghdad
Today at 4:34 am by Rocky
» Al-Samarrai and Al-Hakim discuss the importance of achieving political and constitutional entitlemen
Today at 4:32 am by Rocky
» Only 23 million dunums. Iraq exploits approximately 50% of its arable land
Today at 4:30 am by Rocky
» Türkiye considers it a political issue.. Where have the negotiations reached regarding Iraq’s water
Today at 4:29 am by Rocky
» Sudanese receives an invitation to attend the Nuclear Energy Summit in Brussels - Urgent
Today at 4:27 am by Rocky
» Central Bank sales exceed $240 million today
Yesterday at 6:52 am by Rocky
» Parliamentary Finance calls on the government to expedite sending the 2024 budget to Parliament
Yesterday at 6:47 am by Rocky
» ‘We’re So Sick of It’: Northern Border Crisis Gets Worse
Yesterday at 6:35 am by Bama Diva
» A representative holds Kurdistan responsible for the faltering legislation of the oil and gas law
Yesterday at 5:27 am by Rocky
» Warnings of the danger of the increase in foreign labor in Iraq
Yesterday at 5:26 am by Rocky
» Iraq's oil exports to America decreased within a week
Yesterday at 5:25 am by Rocky
» Al-Sudani chairs an “important” meeting to form the Kirkuk government
Yesterday at 5:23 am by Rocky
» Investment confirms the adoption of a new method in new residential cities and explains its details
Yesterday at 5:21 am by Rocky
» For the first time in 2024.. exchange rates fall to the threshold of 149 thousand in Baghdad
Yesterday at 5:19 am by Rocky
» Including gold.. An increase in exports of 3 Turkish products to Iraq during 2024
Yesterday at 5:18 am by Rocky
» A detailed integrity report regarding the Housing Fund... called for this matter
Yesterday at 5:17 am by Rocky
» Resources count the number of trespassers in Baghdad.. What about restaurants?
Yesterday at 5:16 am by Rocky
» At a cost of approximately two billion dinars... determining the completion rates achieved in the Ma
Yesterday at 5:15 am by Rocky
» Parliament awaits the “Cabinet of Ministers” law
Yesterday at 5:14 am by Rocky
» Provincial councils return after an absence with a heavy legacy
Yesterday at 5:13 am by Rocky
» Iraq is the axis and meeting point of East and West
Yesterday at 5:11 am by Rocky
» One million beneficiaries of health insurance early next May
Yesterday at 5:10 am by Rocky
» Parliamentary Finance: Delaying the budget had a negative impact on the performance of the ministrie
Yesterday at 5:09 am by Rocky
» The chaos of urban expansion threatens the agricultural character of Diwaniyah
Yesterday at 5:08 am by Rocky
» A project to plant Japanese trees in Erbil
Yesterday at 5:07 am by Rocky
» A team to prepare the national strategy for national security in Kirkuk
Yesterday at 5:06 am by Rocky
» Next Tuesday...concluding a contract to expand the basic design of the city of Mosul
Yesterday at 5:04 am by Rocky
» A festival to reduce food prices in Mosul
Yesterday at 5:03 am by Rocky
» Technical committees between Baghdad and Erbil to resume oil exports through Türkiye
Yesterday at 5:02 am by Rocky
» A model of economic diversification
Yesterday at 5:01 am by Rocky
» Variation in the extent to which Iraq was affected by the decision to reduce the credit rating of {T
Yesterday at 5:00 am by Rocky
» Al-Sudani: Iraq has made a commitment to receive the entire security file from the Ministry of Inter
Yesterday at 4:58 am by Rocky
» The President of the Republic stresses the important role of Mr. Abdul Aziz Al-Hakim in the first st
Yesterday at 4:56 am by Rocky
» The Iraqi Center for Combating Rumors warns against social media celebrities misleading their follow
Yesterday at 4:54 am by Rocky
» Integrity investigates the work of the Housing Fund and indicates debts worth 56 billion dinars
Yesterday at 4:53 am by Rocky
» Agricultural associations in Karbala welcome the provincial council’s decision to prevent the fragme
Yesterday at 4:52 am by Rocky
» Free education lecturers demand that they be given job opportunities and contracts in Kirkuk
Yesterday at 4:51 am by Rocky
» The Digital Media Center calls for not browsing links published on a government page
Yesterday at 4:50 am by Rocky
» The President of the Republic confirms the strength of relations between Iraq and Italy
Yesterday at 4:48 am by Rocky
» A decline in Iraq's oil exports to America during the past week
Yesterday at 4:47 am by Rocky
» Economic researcher for / NINA /: Iraqi youth are qualified for the labor market and relying on them
Yesterday at 4:46 am by Rocky
» The Minister of Planning is following up on the Statistics Authority’s preparations to conduct the g
Yesterday at 4:45 am by Rocky
» 5 days after sending the money and the Kurdistan government has not paid the salaries...a political
Yesterday at 4:44 am by Rocky
» A political reading about Sudanese political concern.. Amending the election law is one of the attem
Yesterday at 4:42 am by Rocky
» Al-Sudani to the Baghdad government: Pay attention to the outskirts of the capital, and drainage mus
Yesterday at 4:41 am by Rocky
» The Iraqi dinar recovers against the dollar in local markets
Yesterday at 4:39 am by Rocky
» Investment provides a summary of Bismaya units... and the new cities have “fixed prices” for the fir
Yesterday at 4:38 am by Rocky
» “Hidden commissions” on electronic fuel cards, contrary to what is advertised.. To whom does 100 mil
Yesterday at 4:37 am by Rocky
» Al-Hasnawi: The government is continuing to accelerate the completion and opening of lagging health
Yesterday at 4:36 am by Rocky
» Oil: The gasoline import file will be closed early next year
Yesterday at 4:35 am by Rocky
» “My account or your account”... a new problem behind the delay in the salaries of the region’s emplo
Yesterday at 4:34 am by Rocky
» Al-Sudani: Iraq is about to host important events and conferences
Yesterday at 4:33 am by Rocky
» In Erdogan's visit to Iraq...the path of development in exchange for water
Yesterday at 4:33 am by Rocky
» An American report on Washington’s seriousness in withdrawing from Iraq: Biden does not want to lose
Yesterday at 4:30 am by Rocky
» The organization is banned in Iraq.. Baghdad decides the fate of the Workers’ Party after 40 years o
Yesterday at 4:29 am by Rocky
» The rain exposes the poor quality of service projects and calls for the dismissal of officials and h
Yesterday at 4:28 am by Rocky
» Politician: Ankara needs Baghdad economically, and the path of development is Iraq’s trump card
Yesterday at 4:26 am by Rocky
» Economic calls to adopt a new philosophy for implementing strategic projects
Yesterday at 4:24 am by Rocky
» Al-Maliki: My alliance with Al-Sadr is possible, and the movement’s distance from it is an unhealthy
Yesterday at 4:23 am by Rocky