Thread: Archive - Latest News Think Tank - 15/01/09 - 04/05/09

The delayed adoption of the budget

Having approved the general budget for the current year in 2009 by the Chamber of Deputies was the reduction of 4,2 billion dollars at 7% of the total amount to settle at U.S. $ 78 billion note that this included a reduction of social benefits for the three presidencies and salaries of parliamentarians and ministers with a proposal Almnaqlpvi funds, particularly in the electricity sector If not implemented with the Ministry of Electricity projects approved within the current budget and light $ 50 per barrel of oil, clearly highlights the important question of who was behind the delay t Read budget? If Maalmna that the financial policy of the jurisdiction of the Ministry of Finance, which usually take it upon themselves to prepare the general budget of the state, both (operational and investment) to submit to the legislature in a timely manner in order to subject them to the presentation and discussion.

Yet those who follow the opinion clear that the repercussions of the political process, has cast a shadow over the process of ratification of the budget by Parliament in the previous novel in the world, so that the general budget of the State means the life of an entire people, as it means at the same time, the process of traffic terminals to the national economy development and recovery and, therefore, the budget approval was delayed as we enter the second quarter of this year 2009 will inevitably affect the process of implementation of investment projects in all sectors, meaning that the urgent need to rid the national economy out of the pulling forces cordoned off and the political interests after more than five years on the process of political change in Iraq and Maravgaha of the process of economic transformation from a centralized state-controlled economy to a full merits of the market, which requires the adoption of mechanisms and is not a clear-cut manner, shock, or the so-called ready-made prescriptions, as happened in Russia, but in a manner which is the gradual shift to openness to other sources to support the economy and relieving them of their one - side and walk around to activate the productive sectors and give a leading role for the private sector and tax system to bring advanced and progressive along the lines of what happened in China, which has exceeded the growth rates of all industrialized nations and the period of record growth rates of more than now 15% barrier and thus are now necessary for the Liberation of the Iraqi economy from its excessive reliance on oil as disclosed budgets the past five years, 95% of the proceeds of oil exports at the time was the preparation and implementation of budgets, the last in the absence of the final accounts disclose the annual expenses, without the actual reasons for the non-disclosure by the Ministry of Finance, which raised several Ostvhamat by the parliamentary and other popular Maalmna if there are many regulatory bodies represented by the inspectors of public services in the ministries and the integrity and the Office of Financial Supervision Commission as well as the integrity of the House of Representatives.

Promises the start of laziness, the ****utive and legislative branches was without doubt the late adoption of the state budget under the economic transformation process is in dire need for a race against time to restore infrastructure and services and the promotion of the establishment of strategic projects in various areas in the pursuit of economic prosperity to the Iraqi individual who had been Yemeni self-consuming optimum utilization of the second largest oil reserves in the world as more than 150 billion barrels

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Iraqi-Jordanian agreement to assign a committee to follow up outstanding financial issues

The Finance Minister Bayan Jabr and his Jordanian counterpart on behalf of al-Salem during a recent meeting in Amman, the importance of the settlement of all outstanding financial issues between the parties.

The minister stressed the importance of finding the necessary solutions to be able to move towards broader horizons of economic and financial cooperation and the promotion of trade and investment relations between the two countries. The two sides agreed during the meeting, as mandated by the Technical Committee on the follow-up to the outstanding financial issues between the two countries and to hold meetings next month in order to resolve them. The minister pointed out the importance of the development of proposals from both sides to promote economic cooperation and the convening of periodic meetings to examine these proposals and move to implement to achieve mutual benefits to both countries.

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Shabibi: the decline in oil prices will affect the budget

According to the Iraqi Central Bank Governor Sinan al-Shabibi said the decline in oil prices will force Iraqi leaders to make decisions on a more realistic budget.

He quoted Alshabibi (Reuters) that there will be a difficult transition period, but will give an idea of how to adopt a proper attitude about the allocations and requests from many sectors. At the same time pointing out that this is what he called the wrong time of the fact that Iraq needs money to actually start to many projects, large and Bmsaah will affect this in that direction «rather».

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Al-Shahristani & China's ambassador to Iraq, visiting the province of Wasit tomorrow

An official in the Office of Information Section of Wasit province, Majid Etabi The Oil Minister Hussain al-Shahristani and China's ambassador to Iraq will visit the province of Wasit to the text of the work we are doing in the Ahdab oil.

The Etabi reporter (news agency, Iraqi Information / INA) "The al-Shahristani will be formally inaugurated together with the Chinese Ambassador Ahdab oil project after the end of the first phase of the implementation process, which included building the security fence surrounding the site, pointing to tomorrow, they will supervise the The start of the first step Of the second phase, which includes the arrival of the mechanisms and machinery of the Chinese company which holds the Oasis Oversee the implementation of all phases of the project. "

He Etabi to "local government's keenness to ensure the success of this project and provide all the facilities and services for which the workers," he said.

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Talabani speak at the 10th Summit of the Organization of Economic Cooperation in Tehran

Gave Iraqi President Jalal Talabani's speech at the opening of the tenth Summit of the States of the Economic Cooperation Organization (ECHO) in the Iranian capital Tehran on Wednesday, 11-3.

He spoke to him through his cooperation and seeks to strengthen relations with Iraq to consolidate the countries of the world, also spoke about the positive security developments in Iraq in recent times.

This opened the Iranian President Mahmoud Ahmadinejad of the Eco Investment Summit this morning, and predicted in his speech opening the fall of the capitalist system.

We bring you the details later.

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Ali Baban: deterioration of economy, caused by the wrong policies of Central Bank of Iraq

Said Planning Minister Ali Baban, the political, which he described Balkhatip's central bank in Iraq to some extent contribute to the deterioration of the Iraqi economy .. Baban said that high interest rate imposed by the bank and Unrivaled in any country in the world equipped for any investment activity in the the country, confirmed that the Ministry of Planning of the measures do not correspond with this policy, which paid the price, therefore the development of the country.

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Thanks for the accurate reporting Seaview.

Oil-confirms that 2nd session of fields is licensed to compete with largest number of companies

The Iraqi Oil Ministry on the structure of the tongue and the aim of the launch of the second session of the licenses to develop oil fields is to allow a larger number of companies to compete for the development of those fields.

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Agreement expected to allow a Norwegian Co to export crude oil from fields of Kurdistan region

De predicted that oil, or Norwegian, the Iraqi government to agree with the Kurdistan Regional Government to hold would allow the company to export crude oil from the fields of the province in the coming months.

The company's chief e.xecutive Helge supported it may be very difficult to take the understanding of the agreement until the second quarter of 2009.

The Norwegian oil company has discovered large quantities of oil in the Kurdistan province, but facing the prospect of not able to market crude, because of the differences existing between the Governments of the region around the center and oil investment contracts signed by the province without permission from the central government.

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Iraq participate in a meeting of the OPEC Countries in Vienna

Of Iraq to take part in the meeting of the Organization of Petroleum Exporting Countries OPEC to be held in Vienna next Sunday.

The organization is meeting to discuss whether to cut production again in an attempt to boost prices, which plunged about 70 percent of the highs near $ 150 a barrel.

Iraq is seeking to increase oil production in accordance with a plan that would include the timing of the three, the first six months of primary production and production capacity of 500 thousand barrels per day and the second for two years and its four million barrels per day and third of the next four years to get production from six to eight million barrels a day.

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