Frank26: 12-16-19…. IRAN IS SMALL: 

THIS WHOLE CC IS IN FRANK’S OPINION ONLY!

F26:  GREETINGS FAMILY…..TONIGHT IS OUR ADVERTISERS & IQD UPDATE CC.

THE CALL WILL BEGIN PROMPTLY AT 7PM EST.

THE FORMAT FOR OUR CALLS WILL NOW BE:

7PM OPENING PRAYER AND SHOFAR

IQD UPDATES

605.313.5164    PIN: 156996#

Can’t join us live?      PLAYBACK : 605.313.5163    PIN: 156996#

Samson:  Kurdistan Finance issued a table to pay the salaries of employees

15th December, 2019

The Ministry of Finance and Economy of the Kurdistan Regional Government announced today, Sunday, a schedule of salaries for employees of all the remaining ministries.

The salaries of last September will be disbursed to the employees as follows:

Monday 16/12  The Ministry of Labour and Social Affairs, Supreme Judicial Council, People with special needs

Tuesday 12/17  Natural Resources, Endowments and religious affairs, Higher education and scientific research

Wednesday 12/18  The interior, Asayish Council and Foundation, Zirvani’s forces, Emergency and defense, General Directorate of Nationality, Police facilities protection oil

Thursday 12/19  Municipalities and tourism, Transportation, Electricity, Planning, Agriculture, Human Rights Commission, Integrity Commission, Investment Authority, Environment Agency, Mine Corporation, Kurdistan regions outside the administration of the region, Office of Financial Supervision, Electoral Commission

Sunday 22/12  Ages, Culture and youth, Trade and Industry, Territory Presidency, Presidency of the Council of Ministers, Parliament Presidency, Military retirees

Monday 12/23  Civil retirees    LINK

2Cents:  This says it all as to the potential over the next week, IMO……..My bet is that the ISX will trade through the 23rd and resume on the 2nd……..Our window looks to be narrowed…….IMO

***********************

Samson:  Economist: Iraq achieved about 90 trillion dinars in oil export revenues for 2019

18:55 – 15/12/2019

Economic expert Majid Al-Suri announced, on Sunday, that Iraq achieved revenues from oil exports for 2019 of about 90 trillion dinars, stressing that those revenues did not cover the deficit in the budget for the current year.

Al-Suri told Al-Maaluma that “the estimated deficit in the 2019 budget is my guess, and it is hoped that part of it will be blocked in case oil exports or the price of a barrel rise.”

He added that “the price of the barrel remained volatile and the oil quantities approved in the budget did not exceed the ceiling and most months did not reach what was set,” noting that “the slight rise in oil prices from what was specified in the budget did not fill the deficit.”

He explained that “the total oil revenue achieved by Iraq during the current year ranges between 80 to 86 billion dollars, or approximately 90 trillion dinars.”   LINK

**********************

Samson:  Parliamentary Finance: The 2020 budget deficit exceeds 48 trillion dinars

16th December, 2019

The Parliamentary Finance Committee revealed, on Monday, that the budget deficit of 2020 exceeds 48 trillion dinars, indicating that operating expenses are beginning to expand at the expense of investment

The official newspaper, Al-Sabah, quoted the committee’s decision, Ahmed Al-Saffar, that “the Financial Management Law obliges the government to send the draft budget law to Parliament on October 10 of each year, but the budget for the coming year is late due to the demonstrations and accelerated events in the country. This led to the resignation of the government and the transformation of the government into the conduct of business,” noting that “the government is proceeding with the implementation of the draft budget at a rate of 12/1 for the first three months of next year

He added that “the size of the budget for the next year 2020 is estimated at about 162 trillion dinars in general expenses, and revenues amounting to 114 trillion dinars,” noting that “there will be a large deficit of up to 48 trillion dinars

He explained that “operating expenses have begun to expand at the expense of investment due to increased expenditures, especially on job grades and the launch of financial grants for the unemployed

LINK

**********************

Samson:  The US Secretary of Defense expresses his concern that some facilities have been bombed in Iraq

16th December, 2019

US Defense Secretary Mark Esper has expressed his concern that some facilities have been bombed in Iraq.

A statement on the office of the resigned Prime Minister, Adel Abdel Mahdi, received by Al-Akhbariya, a copy of which was received, that the latter “received a phone call from the US Secretary of Defense Mark Esper, dealing with the continued cooperation between the two countries against terrorism and supporting the efforts of the joint forces to pursue ISIS remnants and maintain security and stability throughout Iraq”.

He added that “the American minister expressed his concern that some installations were subjected to bombing and the need to take measures to stop this. The Prime Minister also expressed his concern for these developments and demanded that serious efforts be made with everyone to prevent escalation that would threaten all parties, and that any weakening of the government and the state Iraqi will be conducive to escalation and chaos.”

The statement quoted Abdul-Mahdi as saying, “Taking unilateral decisions will have negative reactions that are difficult to control and threaten the security, sovereignty and independence of Iraq.”