KTFA (Frank26, Delta & Samson)

DELTA: Deputy Prime Minister for Economic Affairs and Minister of Finance presides over the third meeting to prepare the general budget strategy for the year 2020-2022

FROM……..Sunday 19 May

The Deputy Prime Minister for Economic Affairs and Finance Minister Fouad Hussein chaired an expanded meeting of the Special Committee to prepare the State Budget Strategy 2020-2022

During the meeting, which was attended by a number of members of parliament in the Finance Committee and members of the advisers and agents of the Ministry of Finance and Planning discussed several key pillars in the preparation of the general budget, including determining the cost of extracting oil per barrel and expanding export capacities and taking into account the activation of the local market and the movement of local capital.

On the other hand, the exchange rate policy and the monetary policy strategy of the Central Bank were discussed 

The meeting included the study of the strategic plan of the General Authority for Taxation and the forecasting of tax revenues expected to be collected for the strategic years for the medium term

The meeting also included the provision of non-oil revenues from customs and customs duties and the pursuit of the implementation of the modernization project (customs) based on the requirements of the work of customs and as an urgent need to reach the stage of maximizing revenues

The meeting was attended by a number of general managers in the Ministry of Finance and other ministries and the Central Bank of Iraq and the provinces.


SunnySandy:  This is huge, thank you. Discussed on 19th prior to FML. Delta spoke about it on Monday CC. Recalculations and rate done! Announcement at any moment! IMO



Wednesday Night “Dessert” CC

Playback Number    (605) 313-5153     Pin:  319183

DELTA:   Deputy Prime Minister for Economic Affairs and Minister of Finance is conducting a television interview with a program under two lines with media Karim Hammadi

Wednesday 29 May

Deputy Prime Minister for Economic Affairs and Minister of Finance Mr. Fuad Hussein held a television interview with the media Karim Hammadi in a program under two lines, which is shown on the screen of the Iraqi satellite channel

The meeting dealt with the most important developments in the Iraqi economy, supporting the private sector and the  plans of the Ministry of Finance for future budgets, free zones, customs, taxes, salary adjustments and reforms in the Iraqi financial system and economic relations with the countries of the world.


Program under two lines


Deputy Prime Minister for Economic Affairs and Minister of Finance chairs the first meeting of the preparation of the State Budget Strategy 2020-2022

FROM…….Thursday, May 9,

Chaired by Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein , an expanded meeting of the Committee for the preparation of the state budget for the year strategy 2020-2022 which was attended by Chairman of the Parliamentary Finance Committee MP Haitham al – Jubouri and a number of members of the Finance Committee and the advisers of the advisers and Deputy Minister of Finance and was at the meeting Discussing the oil revenues, the price of a barrel of crude oil, the quantity of planned production and the revenues of the oil and non-oil region from the revenues of customs tariff, direct and indirect taxes, as well as the presentation of the development plan and the initial framework of the government program

The attendees also put forward a number of viewpoints in order to present a budget for future vision in the coming years to prepare a precise budget and identify the documents that can be applied. Emphasis was placed on the adoption of some things that fall within the budget, including how to reform the economy and financial and monetary management in the state administration and encourage the private sector ,

And on the other was discussed encouraging the investment law and national investment projects in the field of oil, agriculture, industry, tourism and transport in addition to foreign investment and included in future budgets and the proposal to allocate funds to create investment opportunities Provinces

The meeting was also attended by a number of Directors General of the Ministry of Finance and other ministries and representatives of the Kurdistan region


Samson:  Find out about gold reserves in the world and the most Arab countries possessing it

13th June, 2019

The World Gold Council announced that the amount of gold reserves in the world amounted to more than 34 thousand tons, while pointing out that there are 13 Arab countries among the 100 countries to the possession of these reserves

The gold reserves of the European countries (including the European Central Bank), including the European Central Bank, reached 10.778 tons,” the council said in a new statistical report in June

The Council added that “13 Arab countries out of the 100 countries listed in the international financial statistics of the global gold reserves,” noting that “Saudi Arabia comes in the forefront of the Arab countries and ranked 17th in the world and a reserve of 323 tons, followed by Lebanon, which ranks 20th in the world and a reserve of 286 Ton, followed by Algeria, which ranks 25th in the world and a reserve of 173 tons

He added that “Libya ranked 33rd in the world with reserves of 116 tons, followed by Iraq ranked 38th in the world with a reserve of 96.3 tons, followed by Kuwait ranked 39th globally in 79 tons, followed by Egypt, which ranked 40th and 78.6 tons.” With 43.5 tons in reserve and Qatar with 53.5 tons, followed by Syria at 57 and a reserve of 35.8 tons

He pointed out that “Tunisia ranked 81 in the world with a reserve amount of 6.8 tons, followed by Bahrain ranked 86 and a reserve of 4.7 tons, followed by Yemen at 98 and a reserve of 1.6 tons

The World Gold Council, based in the United Kingdom, has extensive experience and deep knowledge of the drivers of market change and its members are among the world’s largest and most advanced gold mining companies   LINK


Samson:  Falling oil prices

2019/6/12 10:37

{International: Al Furat News} Oil prices fell nearly 2% on Wednesday, weighed down by weak demand forecasts and an increase in US crude stockpiles despite growing expectations of an extension of current OPEC-led production cuts.

Brent crude futures were $ 1.16 a barrel, or 1.86 percent, at $ 61.13 a barrel by 0616 GMT.

WTI futures fell $ 1.04, or 1.95 percent, to $ 52.23 a barrel.    LINK

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