Millionday News 7/25/15 Part 2 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: NOTE -- THIS IS RELEASED TO THE CITIZENS TOMORROW
Millionday: The general budget organized on the basis of government accounting, and this is the basis of a minor for providing accurate and useful reading in directing the budget towards the ends and in the provision of management rules and planning and control and optimal use of resources,
at a time when the general budget passed in world developments successive which turned the budget from being an annual plan of expenditure and income within tabs accounting rigid, turned into plans and programs that respond to the objectives of the strategic medium and long term,
and has seen those developments move the budget to a data help rule Leaders on the optimal utilization of available resources (dubbed administration budget
~~~
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: NOTE -- THIS IS RELEASED TO THE CITIZENS TOMORROW
Millionday: The general budget organized on the basis of government accounting, and this is the basis of a minor for providing accurate and useful reading in directing the budget towards the ends and in the provision of management rules and planning and control and optimal use of resources,
at a time when the general budget passed in world developments successive which turned the budget from being an annual plan of expenditure and income within tabs accounting rigid, turned into plans and programs that respond to the objectives of the strategic medium and long term,
and has seen those developments move the budget to a data help rule Leaders on the optimal utilization of available resources (dubbed administration budget
~~~
Millionday: NOTE -- THEIR BUDGET IS NO LONGER JUST WORDS AND IS HEADED TO WORLD POWER THAT BE FOR ACTIVATION AND PLANNING
Millionday: and then evolved to balance programs and then to planning and programming system that provides the necessary planning, management and control of data, which helps in the optimal use of resources and provide clear rules and specific goals, measuring and evaluating performance at all levels.
Millionday: READ EVERY WORD
Millionday: We have launched a project to reform the public budget system by more than two years (when I was Secretary General of the Council of Ministers), and we formed a joint team to select the appropriate system to view the balance between Options world followed,
cutting the team way whatever in this regard after reviewing the budgets of other countries, and we hope that this project ends real reform alters the shape of the budget and content to respond to the requirements and necessities which we have referred, and to then (the application of a new system),
Millionday: we feel it is necessary to address the current situation by remodeling budget (without prejudice to the government accounting system which is which) by enhancing the display budget General analytical disclosures, can decision-making positions in the executive and legislative branches to understand and
stand up to the facts and phenomena and information designated by taking guidance and appropriate decisions,
also provide those disclosures rules of important information for all specialists and concerned as well as the media and civil society organizations, professional organizations and the business environment as well as the public at large in.
Millionday: We offer the below number of important data that must be provided in order to achieve the necessary understanding of the budget, knowing that they are available and can be obtained, attached as annexes with it:
1. public administrations expenses:
detection shows the expenses of administration centers (centrally funded) in the three presidencies and centers ministries bodies and provincial and local administrations.
It includes: salaries, allowances of all kinds, operating expenses, protection expenses (including protections Almnsph from other parties).
Millionday: NOTE -- OBVIOUS ECONOMIC CHANGES BEING MADE -- THIS IS HUGE
Millionday: 2. profits and losses of public companies:
detection shows the revenues and production costs, salaries and wages and other operating expenses and net profit or loss is expected, The cumulative gain or loss and total debt and grants accumulated (currently appears number one is the net profit or loss for each public sector companies).
3. grants and aid:
Detection shows all grants allocated aid to self-financing and other local authorities bodies, and third parties, and the total grants and aid to previous years each hand, and the ratio of total grants and aid to the total current expenditures.
4. energy sector:
Millionday: (a) oil and its derivatives:
The detection shows:
(a) the total expected revenue from the export of oil.
(b) the total expected gas and oil derivatives export revenue (if any).
(c) the expected net revenues of belonging to the state refineries.
(d) the annual cost oil producer and exporter of all costs. The ratio of production costs to oil revenues.
e sums import of oil derivatives.
(f) of petroleum products processed for the electricity sector and processed:
- Production of the Ministry of Oil.
- imports.
Millionday: NOTE -- NOTICE ALL CHANGES TO OCCUR
Millionday:
(g) the total amount of support of oil derivatives sold to citizens (at the level of each derivative).
(h) Production and exports are expected oil and gas and oil derivatives for the next five years.
(b) electricity:
The detection shows:
(a) the volume of production expected for the budget year, and planned for the next five years.
(b) the current production costs per 1,000 MW.
(c) the expected revenue size for wages electricity for the budget year and for the next five years.
Millionday:
5. Non-oil revenues:
detection shows all types of other income (non-oil), and Taatdhan estimated for each type amount with the vessel or the target volume of activity and the proportion of the amount to that size or activity, including:
- the income tax on individuals.
- corporate income tax.
- customs duties.
- capital revenue.
- financing revenue.
- returns Real State.
- other fees.
- excise duties.
- Share Budget of public companies' profits with revenue-mentioned ratio to the total operating expenses.
6. revealed trade balance revealed the balance of payments.
Millionday: SO AS EXPECTED THIS MASSIVE REPORT HAS BEEN EXPECTED AND HERE IT IS -- WHOOPOW
maine: when is this to be implemented?
Millionday: THIS IS BEING DONE NOW
Doodle Brain: So they are announcing to their Citizens that they are headed to being a "world power", ...won't that lead to frustration if the citizen' buying power doesn't improve?
Millionday: I WOULD THINK CONFIDENCE WOULD BE AN ISSUE
dale: Any thoughts on the potential length of the implementation process?
Millionday: NO I HAVE NO GUESS AT THIS POINT
Tex1: will You give us the details of chapter at 7:20
rudie: Millionday says(7:20 PM):
We have launched a project to reform the public budget system by more than two years (when I was Secretary General of the Council of Ministers), and we formed a joint team to select the appropriate system to view the balance between Options world followed,
cutting the team way whatever in this regard after reviewing the budgets of other countries, and we hope that this project ends real reform alters the shape of the budget and content to respond to the requirements and necessities which we have referred, and to then (the application of a new system),
Millionday: I CAN SAY THIS IS THE ECONOMIC OVERHAUL OF THE BUDGET DATA
Millionday: THEY HAVE COMMITTEES THAT ARE APPLYING THE ECONOMIC FIGURES THAT COMPLY TO THE GLOBAL MARKET
Millionday: Baghdad held the House of Representatives, Saturday, its fifth meeting under the chairmanship of Salim al-Jubouri, and the presence of 175 deputies, with parliamentary source that the meeting will host the Electricity Minister Qassim Fahdawi .
The source said in an interview with Alsumaria News , that "hold its fifth meeting under the chairmanship of Saleem al-Jubouri and attend Parliament 175 deputies, "noting that" the meeting will host the Electricity Minister Qassim Fahdawi. "
The source, who asked not to be named, said "Parliament will read, during the meeting, the first reading of the draft general body to monitor the allocation of federal revenue law".
Millionday: NOTE -- THE MEETING TOOK PLACE TODAY TO ADDRESS THE FEDERAL REVENUE LAW ALLOCATION IN PARLIAMENT
Millionday: The President of the House of Representatives Saleem al-Jubouri identified, earlier, on Saturday the date for the next session of parliament, calling on the House of Representatives to attend the session on time.
As decided the presidency of parliament, earlier on Saturday, the postponement of the parliamentary session was held for an hour because of meetings parliamentary committees.
Millionday: SO THE MEETING WAS LATE BUT OCCURRED --- NICE
Millionday: OPEC delegates said two of them Khalijian that is likely to be a decline in oil prices this month, short-term and will not distract the organization from its policy of keeping production high to protect its market share.
And brightest Chinese stocks fell and the Greek debt crisis worries about demand, while the Iranian nuclear deal to Tehran's oil exports could lead. And Brent crude oil was trading below $ 57 a barrel Wednesday, crude fell more than ten percent in July.
In a major change to its policy of OPEC decided in November not to cut its production target at 30 million barrels per day to boost prices, and sought instead to defend its share in the face of US shale oil and other sources of competition.
Millionday: And OPEC stuck to its strategy at a meeting in June. He quoted Kuwaiti Oil Minister Ali Saleh Al Omair first Tuesday his confidence in the prospects for demand, saying that producing countries expect global economic growth to enhance the strength of prices.
This month ruled three delegates from the Member States of OPEC to continue falling prices or OPEC to adjust its strategy and talked about the expectations of higher demand.
He said a Gulf OPEC delegate "I do not think that a change in policy. Did not it time for a change for OPEC." "The demand will increase from what it was in the first half of the year, although there is some uncertainty surrounding the economy. Prices will remain near $ 60
Millionday: and then evolved to balance programs and then to planning and programming system that provides the necessary planning, management and control of data, which helps in the optimal use of resources and provide clear rules and specific goals, measuring and evaluating performance at all levels.
Millionday: READ EVERY WORD
Millionday: We have launched a project to reform the public budget system by more than two years (when I was Secretary General of the Council of Ministers), and we formed a joint team to select the appropriate system to view the balance between Options world followed,
cutting the team way whatever in this regard after reviewing the budgets of other countries, and we hope that this project ends real reform alters the shape of the budget and content to respond to the requirements and necessities which we have referred, and to then (the application of a new system),
Millionday: we feel it is necessary to address the current situation by remodeling budget (without prejudice to the government accounting system which is which) by enhancing the display budget General analytical disclosures, can decision-making positions in the executive and legislative branches to understand and
stand up to the facts and phenomena and information designated by taking guidance and appropriate decisions,
also provide those disclosures rules of important information for all specialists and concerned as well as the media and civil society organizations, professional organizations and the business environment as well as the public at large in.
Millionday: We offer the below number of important data that must be provided in order to achieve the necessary understanding of the budget, knowing that they are available and can be obtained, attached as annexes with it:
1. public administrations expenses:
detection shows the expenses of administration centers (centrally funded) in the three presidencies and centers ministries bodies and provincial and local administrations.
It includes: salaries, allowances of all kinds, operating expenses, protection expenses (including protections Almnsph from other parties).
Millionday: NOTE -- OBVIOUS ECONOMIC CHANGES BEING MADE -- THIS IS HUGE
Millionday: 2. profits and losses of public companies:
detection shows the revenues and production costs, salaries and wages and other operating expenses and net profit or loss is expected, The cumulative gain or loss and total debt and grants accumulated (currently appears number one is the net profit or loss for each public sector companies).
3. grants and aid:
Detection shows all grants allocated aid to self-financing and other local authorities bodies, and third parties, and the total grants and aid to previous years each hand, and the ratio of total grants and aid to the total current expenditures.
4. energy sector:
Millionday: (a) oil and its derivatives:
The detection shows:
(a) the total expected revenue from the export of oil.
(b) the total expected gas and oil derivatives export revenue (if any).
(c) the expected net revenues of belonging to the state refineries.
(d) the annual cost oil producer and exporter of all costs. The ratio of production costs to oil revenues.
e sums import of oil derivatives.
(f) of petroleum products processed for the electricity sector and processed:
- Production of the Ministry of Oil.
- imports.
Millionday: NOTE -- NOTICE ALL CHANGES TO OCCUR
Millionday:
(g) the total amount of support of oil derivatives sold to citizens (at the level of each derivative).
(h) Production and exports are expected oil and gas and oil derivatives for the next five years.
(b) electricity:
The detection shows:
(a) the volume of production expected for the budget year, and planned for the next five years.
(b) the current production costs per 1,000 MW.
(c) the expected revenue size for wages electricity for the budget year and for the next five years.
Millionday:
5. Non-oil revenues:
detection shows all types of other income (non-oil), and Taatdhan estimated for each type amount with the vessel or the target volume of activity and the proportion of the amount to that size or activity, including:
- the income tax on individuals.
- corporate income tax.
- customs duties.
- capital revenue.
- financing revenue.
- returns Real State.
- other fees.
- excise duties.
- Share Budget of public companies' profits with revenue-mentioned ratio to the total operating expenses.
6. revealed trade balance revealed the balance of payments.
Millionday: SO AS EXPECTED THIS MASSIVE REPORT HAS BEEN EXPECTED AND HERE IT IS -- WHOOPOW
maine: when is this to be implemented?
Millionday: THIS IS BEING DONE NOW
Doodle Brain: So they are announcing to their Citizens that they are headed to being a "world power", ...won't that lead to frustration if the citizen' buying power doesn't improve?
Millionday: I WOULD THINK CONFIDENCE WOULD BE AN ISSUE
dale: Any thoughts on the potential length of the implementation process?
Millionday: NO I HAVE NO GUESS AT THIS POINT
Tex1: will You give us the details of chapter at 7:20
rudie: Millionday says(7:20 PM):
We have launched a project to reform the public budget system by more than two years (when I was Secretary General of the Council of Ministers), and we formed a joint team to select the appropriate system to view the balance between Options world followed,
cutting the team way whatever in this regard after reviewing the budgets of other countries, and we hope that this project ends real reform alters the shape of the budget and content to respond to the requirements and necessities which we have referred, and to then (the application of a new system),
Millionday: I CAN SAY THIS IS THE ECONOMIC OVERHAUL OF THE BUDGET DATA
Millionday: THEY HAVE COMMITTEES THAT ARE APPLYING THE ECONOMIC FIGURES THAT COMPLY TO THE GLOBAL MARKET
Millionday: Baghdad held the House of Representatives, Saturday, its fifth meeting under the chairmanship of Salim al-Jubouri, and the presence of 175 deputies, with parliamentary source that the meeting will host the Electricity Minister Qassim Fahdawi .
The source said in an interview with Alsumaria News , that "hold its fifth meeting under the chairmanship of Saleem al-Jubouri and attend Parliament 175 deputies, "noting that" the meeting will host the Electricity Minister Qassim Fahdawi. "
The source, who asked not to be named, said "Parliament will read, during the meeting, the first reading of the draft general body to monitor the allocation of federal revenue law".
Millionday: NOTE -- THE MEETING TOOK PLACE TODAY TO ADDRESS THE FEDERAL REVENUE LAW ALLOCATION IN PARLIAMENT
Millionday: The President of the House of Representatives Saleem al-Jubouri identified, earlier, on Saturday the date for the next session of parliament, calling on the House of Representatives to attend the session on time.
As decided the presidency of parliament, earlier on Saturday, the postponement of the parliamentary session was held for an hour because of meetings parliamentary committees.
Millionday: SO THE MEETING WAS LATE BUT OCCURRED --- NICE
Millionday: OPEC delegates said two of them Khalijian that is likely to be a decline in oil prices this month, short-term and will not distract the organization from its policy of keeping production high to protect its market share.
And brightest Chinese stocks fell and the Greek debt crisis worries about demand, while the Iranian nuclear deal to Tehran's oil exports could lead. And Brent crude oil was trading below $ 57 a barrel Wednesday, crude fell more than ten percent in July.
In a major change to its policy of OPEC decided in November not to cut its production target at 30 million barrels per day to boost prices, and sought instead to defend its share in the face of US shale oil and other sources of competition.
Millionday: And OPEC stuck to its strategy at a meeting in June. He quoted Kuwaiti Oil Minister Ali Saleh Al Omair first Tuesday his confidence in the prospects for demand, saying that producing countries expect global economic growth to enhance the strength of prices.
This month ruled three delegates from the Member States of OPEC to continue falling prices or OPEC to adjust its strategy and talked about the expectations of higher demand.
He said a Gulf OPEC delegate "I do not think that a change in policy. Did not it time for a change for OPEC." "The demand will increase from what it was in the first half of the year, although there is some uncertainty surrounding the economy. Prices will remain near $ 60
Millionday: NOTE -- OIL IS EXECTED TO REMAIN AROUND 60
Millionday: NOTE AT LEAST SOME TYPE OF FIGURE AVAILABLE
Millionday: Another Gulf delegate said that even if prices fell slightly below $ 50 a barrel so long to get off in the short term it is unlikely that OPEC cut its production ceiling.
He said: "prices will not stay low forever." Saudi Arabia led OPEC policy change in support of its allies, the Gulf despite calls to cut supplies from Iran and smaller producers were afraid of the impact of lower prices on oil revenues.
The next meeting of OPEC on the fourth of December In almost certain to renew some OPEC members to call for production cuts in the wake of falling prices.
He said Algerian Energy Minister on July 14 that he can call for an extraordinary meeting of OPEC is pushing Iran to other members of OPEC to cut production to make way for the hoped-for increase in exports.
But even OPEC delegates from countries prefer a higher price of oil did not expect Saudi Arabia to change its position, at least for the time being.
Millionday: NOTE -- PLANS ARE IN THE WORKS TO MINIMIZE THE FLUCTUATION WHICH OF COURSE IS EASIER FOR BUDGETED ETC
Millionday: An official at the non-member Gulf state "It seems that the Saudi method to defeat American shale oil producers is not successful .. but may Iwasalouna".
While Iran hopes to boost exports quickly as soon as the lifting of sanctions by the delegates do not expect OPEC Gulf in large volumes of Iranian oil by 2016 and are betting that a rise in global demand next year will absorb the additional supply.
The delegates agreed that the fourth of the state support has been cut production in the Gulf with the delegates that it does not need to move by OPEC currently. He said of the low price, "I see a short-term recovery and I expect prices."
Millionday: NOTE OBVIOUSLY SHOWS HOPE
Nadita: so they are saying the price below 50 will not stay long even if production stays the same because the demand of oil in 2016 will absorb overflow. Do you think they know oil price could dip below 50 which will be good for us, the end users.
I always thought supply and demand will drive the price up or down. I can see from the gas prices in my neighborhood, it has been slightly higher in the last few weeks.
Nadita: because for them to say that.. my guess is they have already talked about it.. oil is about 51-52 range right now.. I haven't followed it in a while
Millionday: THE THING IS THAT THE PRICE WILL BE MARKET DRIVEN -- THE PRICES ARE SET NOW AND IRAQ HAS STATED THEY HAVE THE LOWEST IN THE WORLD NOW
Millionday: THAT IS ALL WE HAVE RIGHT NOW UNTIL AFTER TOMORROWS PARLIAMENT AND MANY REPORTED ACTIONS
http://ift.tt/1pAr0zM
http://ift.tt/1gVHrsb
http://ift.tt/1OHr9zV
Millionday: NOTE AT LEAST SOME TYPE OF FIGURE AVAILABLE
Millionday: Another Gulf delegate said that even if prices fell slightly below $ 50 a barrel so long to get off in the short term it is unlikely that OPEC cut its production ceiling.
He said: "prices will not stay low forever." Saudi Arabia led OPEC policy change in support of its allies, the Gulf despite calls to cut supplies from Iran and smaller producers were afraid of the impact of lower prices on oil revenues.
The next meeting of OPEC on the fourth of December In almost certain to renew some OPEC members to call for production cuts in the wake of falling prices.
He said Algerian Energy Minister on July 14 that he can call for an extraordinary meeting of OPEC is pushing Iran to other members of OPEC to cut production to make way for the hoped-for increase in exports.
But even OPEC delegates from countries prefer a higher price of oil did not expect Saudi Arabia to change its position, at least for the time being.
Millionday: NOTE -- PLANS ARE IN THE WORKS TO MINIMIZE THE FLUCTUATION WHICH OF COURSE IS EASIER FOR BUDGETED ETC
Millionday: An official at the non-member Gulf state "It seems that the Saudi method to defeat American shale oil producers is not successful .. but may Iwasalouna".
While Iran hopes to boost exports quickly as soon as the lifting of sanctions by the delegates do not expect OPEC Gulf in large volumes of Iranian oil by 2016 and are betting that a rise in global demand next year will absorb the additional supply.
The delegates agreed that the fourth of the state support has been cut production in the Gulf with the delegates that it does not need to move by OPEC currently. He said of the low price, "I see a short-term recovery and I expect prices."
Millionday: NOTE OBVIOUSLY SHOWS HOPE
Nadita: so they are saying the price below 50 will not stay long even if production stays the same because the demand of oil in 2016 will absorb overflow. Do you think they know oil price could dip below 50 which will be good for us, the end users.
I always thought supply and demand will drive the price up or down. I can see from the gas prices in my neighborhood, it has been slightly higher in the last few weeks.
Nadita: because for them to say that.. my guess is they have already talked about it.. oil is about 51-52 range right now.. I haven't followed it in a while
Millionday: THE THING IS THAT THE PRICE WILL BE MARKET DRIVEN -- THE PRICES ARE SET NOW AND IRAQ HAS STATED THEY HAVE THE LOWEST IN THE WORLD NOW
Millionday: THAT IS ALL WE HAVE RIGHT NOW UNTIL AFTER TOMORROWS PARLIAMENT AND MANY REPORTED ACTIONS
http://ift.tt/1pAr0zM
http://ift.tt/1gVHrsb
http://ift.tt/1OHr9zV
via Dinar Recaps - Our Blog http://ift.tt/1OHr7bj
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