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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

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    The Washington Post: Iraq reserves may fall to 43 billion dollars. And the fiscal deficit is growing

    Rocky
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    The Washington Post: Iraq reserves may fall to 43 billion dollars. And the fiscal deficit is growing Empty The Washington Post: Iraq reserves may fall to 43 billion dollars. And the fiscal deficit is growing

    Post by Rocky Mon 07 Mar 2016, 6:55 am

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    The Washington Post: Iraq reserves may fall to 43 billion dollars. And the fiscal deficit is growing


     translation: range 

    Each month the Iraqi Government paid nearly four billion dollars in salaries and retirement for military and large numbers of public sector employees. But with the Government's adoption in more than 90% of their revenue on oil, with the collapse of oil prices, these proceeds not render more than half of those salaries.
    The United States is trying to ensure that Iraq's capacity to continue military spending while seeking international loans and austerity plan initiated.However, some officials and analysts say that the Iraqi Government might suffer at the end of this year to pay 7 million public official, what could aggravate unrest.
    And with oil prices ranged from around $ 30 a barrel, the whole region is forced to cut budgets and shrink the aid granted and painful adjustments. But for Iraq collapse comes amid war destabilizing, there are listings for rebuilding cities destroyed, help 3.3 million displaced people inside.
    At a time when the State is facing a scarcity of bankruptcy, Prime Minister Haidar Al-Abbadi tries to confront corruption and increase government revenue methods sometimes appear unfamiliar. Say look in favour of economic adviser to the Prime Minister "to fill the gap but it's tough now, and cash flow is very slow. Cow old monetary implemented milk ".
    In recent weeks, Sadr mobilized tens of thousands of demonstrators in central Baghdad to demand reform over pressures on Al-Abadi. The summer protests echoed out to the streets to protest government corruption and lack of services.
    Today requests the public pay more for these services while reducing the 3 percent of the salaries of State employees. Sadr said in his speech to the crowds Friday "today calls upon the corrupt Government of austerity, people because the fate of the trillions anonymous", adding that the demonstrations seeking to save Iraq from looters.
    Every day, Iraqis face new wages; hospitals — which was free for a long time – demanding a symbolic wages even from visiting the sick, and there is plans to increase wages, merchants in the city of Basra protested against a new kmerkih fees. 
    Besides the rugs, says a researcher at the Iraqi Institute for economic reform of the wage increase, "this does not fit in time of war because it affects morale.
    And in December the World Bank signed an agreement with Iraq to lend 1.2 billion dollars to help offset the decline in oil prices and security costs associated with fighting daash. But Abadi says that the Government collects money from any source possible. 
    He predicted Iraq would be the budget deficit for this year of $ 25 billion at the price of a barrel of oil was $ 45, but the appearance of Saleh says that the deficit could be twice that figure.
    To deal with this situation in the near term, immerses himself in Iraq foreign reserves expected to fall to 43 billion dollars this year after 59 billion dollars last October. While Abadi was confident over the Government's ability to overcome the crisis, some seem to be more pessimistic.
    An official says an unnamed West "they deplete reserves faster than expected, which could lead to a point where it is difficult to continue to import and manage the nation's economy."
    Iraq seeks more financing for the International Monetary Fund after receiving an emergency loan worth 1.24 billion dollars last year. 
    For its part the United States loan of 2.7 billion dollars in military spending, as Germany loaned Iraq more than 500 million euros ($ 559 million) for reconstruction.
    The Iraqi Government is trying to issue bonds and Treasury bonds, but bonds stopped last year because of the high returns demanded by investors. 
    At the same time, Iraqis complain that their leaders steal the country and impunity. Last month caused mp Mishan al-Jabouri, a member of the Parliamentary Committee on integrity monitoring corruption, a sensation when he admitted receiving millions of dollars in kickbacks from an Iraqi channel, saying "each of us has a role in corruption", when asked by axles "can take a bribe?" he replied "I swear on my honour that I took a bribe," he said, adding that at least investigative work continued. 
    Abbadi is trying to act against graft, where four officials referred to the Court last month on charges of corruption, but with the possibility of losing a powerful figures and widespread graft at all levels of Government, the challenge may be great.
    Saleh says the Prime Minister "is not easy to change 12 years of waste and corruption between day and night, but it tries (Abbadi)." 
    Horses believed that the Government might get some scratches in the current year but will face great difficulty if oil prices continued to decline until 2017, and says "If the Government was unable to pay the salaries, there will be strikes and breach of law and order."
    Al-Abbadi says that there are some positive changes will come with crisis – an opportunity for economic reforms and economic diversification as long as was needed. The industry has stumbled because of years of international sanctions against Saddam Hussein, while more were looted factories of the country in the looting that took place during the us-led invasion in 2003.
    With few jobs in the private sector, had used Iraqi Government jobs as workers produced more than 15 minutes per day on average, as "everyone in Iraq seeks to lunch and bed and breakfast.
    In an attempt to diversify in recent months some old Iraqi factories working again for the manufacture of cigarettes and soft drinks, and leather products. But even these new efforts are subject to complicated political wrangling and corruption charges and product quality. He said one of the protesters last week, "this country is rich, but the poor bear the brunt of errors corrupt government".



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