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Poppy3 THEY HAVE NOT PASSED THE BUDGET BECAUSE UNTIL THEY ANNOUNCE A NEW RATE THEY DON'T HAVE FUNDS TO BACK THE BUDGET.
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Poppy3 THEY HAVE NOT PASSED THE BUDGET BECAUSE UNTIL THEY ANNOUNCE A NEW RATE THEY DON'T HAVE FUNDS TO BACK THE BUDGET.
Poppy3
WHY THE POSSIBLE DELAY THAT IS BEING DEALT WITH EVERY HOUR RIGHT NOW---THEY HAVE NOT PASSED THE BUDGET BECAUSE UNTIL THEY ANNOUNCE A NEW RATE THEY DON'T HAVE FUNDS TO BACK THE BUDGET. THEIR CONSTITUTION WILL NOT ALLOW THEM TO USE THE RESERVES. THEY HAVE TO REACH AN AGREEMENT ON THE RATE AND STEP BY STEP PROCESS TO USE WHEN THE RATE APPEARS TO FUNNEL THE FUNDING TO THE GOI TO FUND THE 2014 BUDGET. AGREEMENTS CAN BE COMPLETED ANYTIME. STAND BY FOR VICTORY. THIS IS WHY NEWS IS SLOW BUT ALSO WHY ITS ALL PROGRESSIVE AND FINANCE DIRECTED.
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Re: Poppy3 THEY HAVE NOT PASSED THE BUDGET BECAUSE UNTIL THEY ANNOUNCE A NEW RATE THEY DON'T HAVE FUNDS TO BACK THE BUDGET.
Horse poopy ... the budget is not dependent upon any revalued IQD rate. They published a draft budget months ago and it was obviously written for the dinar at the current rate. The issue is not the value of the IQD, it is the loss of revenue due to the drop in crude oil prices. I will go out on a small limb here and predict that we will not see a 2014 budget passed. They will bypass it and move right on to 2015.
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