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Friday, February 8, 2013

THE BUDGET IS DONE, 9 FEB


From: Ocrush  Date: February 8, 2013, 2:30:37 PM CST

Subject: Update   Hello my friends,

I am so sorry for the delay. I feel bad for my cousin but he truly is a trooper. The bloc leaders are working very hard to get the budget in place for a vote. They had closed door meetings today with absolutely no media.

Technically, the budget is done but we think it's a timing issue for the vote to take place. We all agree the budget will pass. Even UN's JAPU put out their primer budget statement on January 24, 2013 with a footnote that the budget will pass sometime in the beginning of February.
  We do not recall the exact wording but that was one timeline we are following and gave us a heads up that they will complete it in the beginning of February.

If someone could post it that would be great. I believe after the second page there is a footnote. We are close but there is really no way to get an accurate description as to what is the hold up.

The media could speculate and author their opinions but at this point we do not trust them.

We are in the window of opportunity and I am sure Steve and Ray are on top of this. They truly are the best and we want our members to have accurate information. All I could say is CHEERS and the beginning of February is here!!

The report that Ocrush is referencing is a pdf file with the following link....

http://www.iraq-busi...Budget-2013.pdf

http://www.iraq-businessnews.com/wp-content/uploads/2013/01/UNAMI-primer-on-Iraq-Budget-2013.pdf

Below are the footnotes that you can find on page 2.      Cheers!  D B)

1 Budget was approved by the Council of Ministers on Oct. 23, 2013 and submitted to the Council of Representatives for endorsement expected early February 2013. From previous years minor changes take place at this stage, and hence the analysis will not change significantly.

2 Calculated by staff using budget law assumption for 2013 GDP of IQD 192 Trillion.

 3 This includes 250,000 bpd from KRG.

4 Data obtained from the Council of Representatives Finance Committee.

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