Parliamentary Services: Iraq has reserves of $ 100 billion

Liar, liar, pants on fire...  Iraq reveals a reserve of OVER $100 billion set aside for Iraq reconstruction.   Can you say DFI?  All part of the original plan.....

Parliamentary Services: Iraq has reserves of $ 100 billion

05/01/2015 12:10
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BAGHDAD / obelisk said a member of the Committee Services ages parliamentary emotions blessing on Monday, that Iraq a large reserve in the reconstruction of Iraq Trust Fund to the United States has up about 100 “billion dollars” and should be withdrawn part to address the financial crisis experienced by the country.
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According grace in her statement that “the tax imposed by the government on telecommunications and others, comes as part of the financial policy of the state, where all the countries of the world have a fiscal policy and mechanisms to improve the level of expenditure to tackle the financial crisis, but Iraq is a large reserve in the reconstruction of Iraq Fund owns it is possible to tackle the crisis to withdraw part it. “
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She explained that “Iraq has reserves in the” American Bank CSI “, and that according to the law there is a reserve amount for Iraq reconstruction fund and ask the government to withdraw part of the reserve, and claim, the fact that the country today is suffering from a financial and economic crisis and austerity, and to address the budget deficit and the lack pressure on other parties “.
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The House of Representatives has read the financial budget of the federal public for the current year for the first reading and assigned to the parliamentary finance committee to prepare a detailed report about the second reading, which will hopefully take place on the seventh of this month, the date on which the decision of the parliament in his last session, which saw the first reading. “
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It is said that the amount of the financial budget for this year amounted to 123 trillion dinars deficit of $ 25 trillion dinars, which prompted the government to take measures aimed at reducing spending and give up luxuries in order to avoid waste of public money and to cope with the economic crisis, which resulted in the deterioration of oil prices in world markets, amid assertions on the importance of finding resources other than oil on the grounds that the country is rich and has a lot of good things, but agriculture, industry, trade and other sectors need to activate to achieve the desired goal.

Financial Parliament: two billion dollars in the Iraq (DFI)

1/7/2015 0:00

Confirmed the possibility of access to them to solve part of the budget deficit

BAGHDAD - Omar Abdel-Latif

Finance Committee in the House of Representatives confirmed the possibility of the use of the amounts in the reconstruction of Iraq to the United States Fund for American (DFI), amounting to about two billion dollars to fill part of the budget deficit in 2015, denying the rumors about the fund in which $ 100 billion.

The Member Services Committee and reconstruction parliamentary emotions grace, called using the reserve fund in Iraq (DFI) which amounts up to about $ 100 billion to address the financial crisis experienced by the country.

Committee member Jabbar al-Abadi, said in a statement the "morning": that government can exploit the amounts in the fund and that a little more than two billion dollars, adding, "It is not going to solve the economic crisis of the country I have said."

For his part, Economic Adviser to the Prime Minister's appearance of Mohammed Saleh said that Article 26 of Law 56 of 2004 of the Central Bank Act prohibits government loan from the currency in which the reserves amounting to 79 billion dollars, unless there is a legislative amendment Bakannouna allows Bzlk.waodh Saleh "morning", said the finance budget 2015 deficit of sources can be through banks or the public as a kind of domestic borrowing, while external borrowing can be through the International Monetary Fund and the World Bank or from loans paid on credit by international companies implementing projects in Iraq, and therefore, the project Borrowing put a lot of sources of funding, but did not mention the funding through the central bank reserves because he knows that it is prohibited by law.

It is said that the amount of the financial budget for this year amounted to 123 trillion dinars deficit of $ 25 trillion dinars, which prompted the government to take measures aimed at reducing spending and give up luxuries in order to avoid waste of public money and to cope with the economic crisis, which resulted in the deterioration of oil prices in world markets, amid assertions on the importance of finding resources other than oil on the grounds that the country is rich and has a lot of good things, but agriculture, industry, trade and other sectors need to be enabled to achieve the desired goal.

Looks like they found the restricted funds held in the DFI for Economic Development:

Financial disclosure surplus budgets Iraq from 2004 to 2012

 01/08/2015

Khandan -ali Naji The chairman of the Virtue Bloc Ammar Tohme, the financial surplus for the financial budgets since 2004 to 2012, which amounted to 185 trillion Iraqi dinars. The MP said Ammar Tohme at a press conference building, the House of Representatives and attended "Khandan" "The budget needs to clarify the fate of surplus past years, revenues and the possibility of its contribution to cover the budget 2015 deficit, "noting that" the past few years have seen a revenue surplus of the schedule set out in the report of the Finance Committee and the total surplus from 2004 to 2012, nearly 185 trillion dinars. "

Tohme said that "this The figures lead us to wonder about the exchange resources or the fate of those surplus funds and with the presence Why resort to fill the budget 2015 internal borrowing and external deficits and more than 20 trillion dinars, "and urged to submit detailed financial data showing revenues and expenses of the 2014 budget to check the safety and efficiency of exchange resources In conjunction with the discussion of the budget in 2015. Below fiscal surplus budgets Iraq since 2004 to 2012:[You must be registered and logged in to see this image.][You must be registered and logged in to see this link.]

mochasmom wrote:So there should be no reason for them not to get this budget read and done...money money everywhere!!