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pass a budget for the disposal of foreign currency from oil supplier???????

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Panhead

Panhead
Admin

to pass a budget for the disposal of foreign currency from oil supplier




أح

: Foreign currency resources and dispose of them:
لا
. Do not disclose the financial budget of the State, in its current form, on how to dispose of the oil supplier. بل هو
. But a number, the billions of dollars, beating the exchange rate to reach Akharpetrlionat number of dinars in addition to, the Inland Revenue and other taxes and allocates the total by the various sections of the tunnels.




ج . Even the government to bargain imports and payments of foreign obligations as part of the total foreign currency to the oil resource, but are among the trillions of dinars calculations as translated again to the dollar and into the currency of the contract and paid by the government's accounts abroad.
وق
. Some may feel that this type of public financial management it meets the purpose in the past, and despite the reservation to this thesis, has been cut off last year.
. It is useful Altzkieran the Iraqi economy has changed radically, as well as its own, than they were in the phase that created the tradition of public financial management, which has become the reference for the technical work to this day. And can be seen on the results of the nationalization of oil prices and correcting the early seventies, founded initially as an objective to seek change. and accumulated economies of war and siege a lot of facts that require abandoning the old system of financial management. وم
. Among those changes, well known for its large population size exceeds thirty million after one-third of this size almost nationalization days, in addition to the high rate of urbanization as the proportion of urban dwellers surpassed seventy percent of the total population, is no secret that one Maittalbh of buildings and Inchaat and operating costs of the activities of the security services and education and health and water and sewer and maintain a clean environment. and after 2003, Iraq has become suddenly in front of a different economic system and new realities in production and investment, consumption, trade and international financial relations. فلقد
. It has stopped production of the public sector from work pending the liquidation, or privatization, and increased government spending with the continuation of the current Daalp funding from tax sources, and emerged a new role for the private sector in foreign trade and investment across the border in harmony with the full financial openness. و
. While recognizing the critical importance of the oil resource has colluded to devote all methods in public finance, the other in order to conceal, dispose of, let alone care functions of economic development, particularly private ones. و
. Otherwise, what the public interest, or even Altbreralssayas, not to permit the public budget if an explanatory memorandum for the portion of foreign currency which will be sold to the private sector.
. The Government has, on behalf of the people oil supplier, and sold half of the private sector, but this matter deserves formal meetings convened by the Council of Ministers, as in the House of Representatives to discuss the potential effects Alaguetsadbp disbursed in that foreign currency. وه
. This requirement is unlikely to be achieved without creating an appropriate framework for this kind of performance to the highest authorities, and that the preparation of legislation and the general budget, to act in foreign currency Aldharorer provide context as well as helping to establish an appropriate environment to address the other issues are very important as the development of the oil sector and non-oil exports and foreign investment. والقص
. The purpose of the preparation of a budget for foreign currency, and issued in the legislation, is to be borne by the Government and the Parliament, the responsibility of disposal of those resources to serve the national economy. منذ
DFI
. Since the introduction of the Iraqi fund for the development of DFI and to the end of this year can be estimated income of foreign currency of crude oil at about $ 200 billion. لقد
. We have limited the government's use of the foreign currency on imports and foreign Tadiat about $ 50 billion, and official reserves, invest abroad, a similar amount too, "$ 50 billion, and use the private sector some 100 billion dollars to cover imports and investments abroad.
علاقة
Relationship balance of foreign currency
بالان
: Spending outside and inside:
إ
. The budget legislation of foreign currency will develop, and for the first time, an elected body and the government arising from it in front of their responsibilities to ensure the proper disposition of the resource of oil. إذ
. It shows how this budget is allocated from the resource for government imports and external payments and what imports for production, investment and consumption, why pay the debt, the previous and new, and how much is spent for its staff in foreign currency Aivadat various tasks. ب
ية . But that it was showing in the allocation of the resource for the official reserves of foreign currency. الي
ال
. It is not necessary to estimate the expected financial authority added to official reserves, which invests abroad in nature, but the government wants to know what is the minimum amount of reserves that can not get off without him and the House of Representatives as well, and what is the maximum which does not need to overcome more by appropriation oil resources and add to it. will show the proposed budget amount that is sold to the private sector, hence the importance of analyzing the private sector demand for foreign currency, linking demand and investment activities undertaken by the production and content of foreign goods and services in addition to consumer demand. should be guided by Baltsanev relevant international accounting manual for the preparation of this budget, including: the International Standard Classification for Foreign Trade and Balance of Payments Manual, and the international investment position, noting the directory of government finance statistics. و
. It is worth mentioning that government expenditure in foreign currency managed by the budget and accounting entries are in, and allocate money in the currency of contract and estimated Akiemha dollars for the purpose of aggregation, with the addition of ad hoc changes in exchange rates between the dollar and Bakipalamlat. And the decision to borrow from abroad must be incorporated in the mechanism of the preparation balance of foreign currency and the proposed implementation and not, as happened with the electricity and the problem of financing the ongoing conversation about borrowing from abroad, with total neglect of the actual situation of the balance of payments which is not usually happens in other countries. و
. These provide the budget to deal with masterly foreign investment and its effects on the exchange market and exchange rate and inflation. Under the proposed new system will be spending dinar axis current budget.
. The important statement of how to finance spending in dinars, where he was going and what to do and its relevance to development and stability, that is something that helps to remove ambiguity and confusion.
. The current financial system in Iraq can not take care of from within the sources of financing mechanisms for the maintenance of the Iraqi dinar and functions of macro-economic and its effects, and are there any display of goods and services to absorb, and how to cope, and the extent to offset this expenditure of real resources from productive investment and production must therefore be reconsidered. And therefore it is necessary to take care of the budget spending in Iraqi dinars detailed sources of funding in local currency, on different bases in parallel with the development of the information base for direct taxes and fees of all kinds.
. And show explicitly and not, as is happening now, the value of sales of foreign currency to the private sector as well as sales of foreign currency to the central bank to strengthen the international reserves.

. Because the sales revenue of foreign currency to the private sector is carved out of real cash in his possession and thus the course of income, and also will be used for the most part in Imports supply the display while the foreign currency sold to strengthen the international reserves of the Central Bank financed issuance of currency exchange to invest abroad, and therefore are of an inflationary effect. and so complete the tasks of institutional control over the disposition of the oil supplier and improve access to it. have shown in a previous study that the proposed system is best suited to all countries that Tatmdaly oil or similar sources, the same degree of adoption of Iraq. and I hope that this proposal carefully the concerns of those who are really suffering, public affairs and who yearn for a better role of the state in the lives of Iraqis.

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windreader1



Hmmmm-interesting article. Did you see any date as to when it was published?

Panhead

Panhead
Admin

windreader1 wrote:Hmmmm-interesting article. Did you see any date as to when it was published?

it was at Al Saba.....last updated Dec 10th, but not sure about the date of the article.

http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=94

Guest


Guest

DFI
. Since the introduction of the Iraqi fund for the development
of DFI and to the end of this year can be estimated income of foreign
currency of crude oil at about $ 200 billion. لقد
. We have limited
the government's use of the foreign currency on imports and foreign
Tadiat about $ 50 billion, and official reserves, invest abroad, a
similar amount too, "$ 50 billion, and use the private sector some 100
billion dollars to cover imports and investments abroad.

WOW went did the DFI get to around 200 BILLION!!!!

Guest


Guest

Bob wrote:
windreader1 wrote:Hmmmm-interesting article. Did you see any date as to when it was published?

it was at Al Saba.....last updated Dec 10th, but not sure about the date of the article.

http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=94

date of the article is dec. 10th...found it on iraq directory also

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