https://www.youtube.com/watch?v=xXxhf6EneMw
Yesterday, we heard of the victory of PM Maliki. Glad that's over with. I don't have to spend any more of my time debating over why I knew he would remain in office. A special thanks, to all my subscribers who continued to support me on my views and opinions. Its not always easy to go against the crowd but I vowed to be straightforward, upstanding and true to my subscribers when it comes to providing up to date accurate information.
On to other news!
Well, no surprise, another week has come and gone without the Iraqi Parliament passing the 2014 federal budget. It looks as though the Iraq budget will not be voted on before the newly elected politicians take their seats in a few weeks. There is talk of having the next parliament pass both the 2014 and the 2015 Iraq budgets. The Kurdish Regional Government (KRG) appears to be responsible for this delay. They are refusing to have the same auditing agency used by Baghdad and Erbil. The auditing agency would be used to identify and calculate Kurdish oil revenues on a monthly basis and transport the oil back to Baghdad. At the present time, the KRG government is unable to pay its employees. However, Prime Minister Maliki has ordered the Central Bank of Iraq (CBI) to allocate the funds to pay the KRG employee salaries. Just so you all know, this is the responsibility of the KRG and NOT the central Baghdad government.
The International Monetary Fund (IMF) has stated that the current budget does nothing for the total dependence on oil revenues. This becomes a risk when the price of oil drops below $106. The Iraq government is currently in a deficit scenario for the first time. In previous years, the government was always in a surplus. The government may consider using the cash reserves
https://www.youtube.com/watch?v=xXxhf6EneMw
