11/07/2012

NEXT POST
Abu Dhabi Menajahtwa SWF’s Annual Losses, Cheap Extravagance budget & Apocryphal Stagflation Grafts. UAE CRADLE-to-GRAVE Fiscal is $12B off $183B State income. UAE 2013 Federal Budget is as little as 6.5% of Oil Revenue. UAE 2013 Federal Budget is equal to Abu Dhabi Menajahtwa SWF’s Annual Losses, Cheap Extravagance budget & Apocryphal Stagflation Grafts. And yet 50% of that UAE Fiscal Paradoxically called back by Art-of-Spending Guided-Bureaucracy to Abu Dhabi Treasury as Surplus and Saving to Waste elsewhere. My Condolences go to Debt-Laden Unprivileged Emarati Arabspringers. Now Shut-up, Sit-down & Listen to official statement released to sponsored press.. Your discretion is advised UAE Cabinet on Tuesday approved the federal budget for 2013 with a zero deficit, as income and expenditures are projected at Dh44.6 billion, higher than 2012 fiscal year estimates. The meeting was chaired by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. Lt. General Shaikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Interior Minister, and Shaikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister for Presidential Affairs, and other ministers were present at the cabinet meeting. “[I] chaired a cabinet meeting where we approved the federal budget for 2013 with total spending: Dh44.6 billion and no deficit,” Shaikh Mohammed wrote on his official Twitter account after the announcement of the budget. Shaikh Mohammed noted that the budget is part of the three-year budget plan for 2011-13 with a total expenditure of Dh133 billion, according to Wam news agency. Total spending for the next fiscal year is projected to increase by 6.7 per cent to Dh44.6 billion, compared to the 2012 expenditure. Revenue is also estimated to jump by 7.7 per cent to Dh44.6 billion for the 2013 budget, compared to Dh41.4 billion in the current year. Shaikh Mohammed said that social spending will have the largest share of the budget with 51 per cent, while education will account for 22 per cent, and water and electricity 12 per cent. “Priorities for the 2013 budget will be: health, education and social benefits for citizens, as well as the improvement of government services,” he also said on Twitter. Earlier this month, a top official of the Ministry of Finance said that the federal budget gap is expected to be around Dh2 billion this year. The UAE booked a consolidated budget surplus of Dh36.2 billion last year, the ministry said this month. The amount earmarked for the social development sector and social welfare represented 51 per cent of the union budget for 2013, with a total allocation of Dh22.7 billion. Public education, higher education, health, labour, social affairs, Islamic affairs, culture, youth and community development, the Shaikh Zayed Housing Programme and other social welfare programmes fall under this category. Education took the largest single share of the budget at Dh9.9 billion, representing 22 per cent of the total allocations. In the effort to complete the implementation of the country’s Education Development Strategy, the education budget has been increased to Dh6 billion to support development initiatives in government schools and to provide the required financial support for promotion of the teaching staff. The governmental affairs category — including defence, interior, justice, foreign affairs and other federal departments — accounted for 41 per cent of the federal budget with total allocations standing at Dh18.3 billion. The budget allocated to the Ministry of Social Affairs for 2013 is Dh3 billion to ensure the provision of decent living for the beneficiaries of social aid and to ease the burden on Emirati citizens. Meanwhile, the budget allocated to the Ministry of Health is Dh3.4 billion, which will be used for the provision of comprehensive health services to all citizens. It will also enable the ministry develop and set up medical centres and premises nationwide. The budget will also be used for furthering the Emiratisation of jobs in the medical field. Infrastructure has the lion’s share in the federal budget for 2013. The Federal Electricity and Water Authority’s budget is Dh5.2 billion to keep pace with rising demands for water and electricity services in Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. The budget will also fund development projects in this sector, especially in new residential areas. The cabinet also approved the composite union budget for 2013, which includes the draft general budget as well as the budgets of independent federal authorities with total revenues estimated at Dh55 billion and a surplus of Dh5 million. During the session, the cabinet endorsed the final accounts of the ended fiscal year of a number of federal institutions such as the General Secretariat of the Council of Ministers, the National Council for Tourism and Antiquities, Emirates Post Holding Group and Emirates General Transport and Services Corporation for 2012. The Council of Ministers endorsed a number of agreements in the area of nuclear energy, among others, the cooperation agreement between the UAE and Australia, the UAE and Canada for the civil use of nuclear energy. The two agreements aim to boost the cooperation between the UAE with both countries in the areas of peaceful use of nuclear energy. The agreements emphasis the state’s commitment to the safe use of nuclear energy in an orderly and environmental method. In the field of air transport, the cabinet endorsed the cooperation agreement between the governments of the UAE and the Republic of Panama, which is based on deployment of an unspecified number of national carriers between the two countries, and operation of any number of weekly flights between them without any restrictions. The cabinet also approved the agreement on regulating air transport services between the UAE government and the European Union. The agreement will promote trade and tourism between the UAE and European Union, open new markets, develop commercial and tourist traffic between the two parties. It will contribute to creation of an area of “Euro-Mediterranean Aviation” between the two sides on the basis of common rules beside the liberalisation of air transport markets. In the area of customs, the cabinet ratified the agreement on cooperation and mutual administrative assistance in customs matters between the UAE and the Republic of Korea, as well as the UAE and the Republic of Argentina. The two agreements aim to facilitate customs procedures between the UAE and both Korea and Argentina. They are also aimed at raising efficiency of customs through exchange of information, expertise and visits. The Council of Ministers also endorsed the agreement for establishing the World Institute for Green Growth signed by the UAE in Rio de Janeiro, in addition to other countries in order to support the sustainable development. It also approved the agreement on transfer of the International Institute for green growth to an international organisation. The cabinet endorsed the Statute of the Centre of the Gulf Cooperation Council for the Arab States for the Emergency Management, which aims to strengthen capacity, efforts and coordination of the GCC in the field of emergency management. It also ratified the Convention on the Transfer of Sentenced Persons between the UAE and both the UK and Northern Ireland. The deal comes in line with the judicial and legal cooperation with the two countries. It complements the extradition agreements signed by the parties. Aside from all-that-jazz All that is necessary for triumph of evil is that good men do nothing.. Edmund Burke. First they ignore you, then they laugh at you, then they fight you, then you win. Time is up! Standup like a man or die like a coward 1000 times. Obaid Karki is a Sexagenarian UAE Paleoconservative Provocateur Arabspringer with a Picassoic Attitude, Blackbelt Diehart Paulite Constitutionalist Libertarian, Diogenesist, Spinoziste, Qutbist, Kabbalist, Pantheon, Hexalingual, Automath, Antitribal-Gentiles-Cabal, Unaffiliated to State or any Religiosity Cult and Seigniorage Banksters Sharia Scam. In short. I am the one your mom never warned you about.
PREVIOUS POST
Who, What, Why: Why does the UK give aid to India? Who, What, Why: Why does the UK give aid to India? Now that UK sobered to cutoff donations and fuck India for being deceitfully Non-Reciprocal Bitch. Well! Will it be devastating the Indian Extreme Poverty Line? Hell No and Big Big! No. Poverty in India is a Mega Industry ain’t Pandemic. Simply because poor Indians taxed ain’t Human but Non-Refundable Sperms. The visible symptoms of Indian Poverty are status-quo and landmarks as Regal as TajMahal and as holy as the Himalaya. Delhi Sacrifices $4B outta it’s fiscal every year to encourage devastated Indians take their lives to attract petty, capitalize on insurance fraud, forfeiture of the diseased properties left behind & broker human organ trade. India has 10 million militants to make it happen. It’s a big business. Indian Extreme Poverty Line is higher than whole sub-Saharan Africa. Insultingly America, England & Eurozone Foreign Aides ain’t Money but a Daylight Theft. It’s a Seigniorage Banksters Scam to Print Dollars, Pounds & Euros outta thin-air of no Monetary Liability to their Treasuries and chucks this Fiat lotto in-circulation in 3rd world Emerging Economies to become money and resurface back into America, England & Eurozone Offshore Trusts & Swiss banks in form of Corrupt Lawmakers Bribes, Money Laundry and Underworld Loots at Quadruple of home Market Value. India Economy is Number ELEVEN in the world. India swallows UK $480M AID annually that ain’t needed but instead prints against it $5B equivalent Indian-Rupees outta thin air. Dawood Ibrahim Indian Rupees Printing Press & Reserve Bank of India RBI learned the Seigniorage Banksters Scam. Dawood Ibrahim is Bloodline of Bollywood & the Underworld Reserve bank of Corrupt India. Nonetheless UAE Central Bank fools public that UAE Dirham lost more than half of its value because it is pigged to US Dollar. That’s an inaccurate statement. The truth is that both Dawood Ibrahim and RBI are engaged in printing kajillions of Indian Rupees outta thin air by dumping GCC Currencies Petrodollar to kill Rupees and unleashing Stagflation in GCC and INDIA. Simply because GCC ain’t using their Petrodollar Surplus to save their monetary but burning it in shady SWFs instead. The published Rhetoric is very Powerful Argument that attracts inflammatory commentaries. Urban Accuracy Requires Profanity to honestly deliver accurate opinion on the Thesaurusly exhausted Fiction Fortified Rhetoric based on Googledjunk & Wikitrash. The First Amendment gives one the birthright to lie. The First Amendment gives one no birthright to sensor Fact. You have the right to edit my narrative to meet your Reader’s Perusal to. I will annal your noted commentary unedited below. Please don’t delete mine based on how I look or prejudice if any. Please let your readers read mine to. I am too old to spam & be deceptive. I mean no offense. And now shut-up, sit-down & listen to the BBC Anglosexual Legends of GoogledJunk, WikiTrash, the Mayhem, and the Misinformation! Your discretion is advised since urine is scat juice. If I were you I ain’t waste a moment of mind reading further. Kudos. UK TO END FINANCIAL AID TO INDIA BY 2015 The UK is to stop giving financial aid to India by 2015, the international development secretary has announced. Support will be gradually cut by about £200m ($319m) between 2013 and 2015 before being wound up completely. Minister Justine Greening said the move reflected India's economic progress and status as a global force. The UK's financial support to India, one of the world's fastest-growing economies, has been controversial for some time - particularly among Tories. Ministers have defended it in the past on the basis of the extreme poverty persisting in rural areas and historic colonial ties between the two countries. Ms Greening has been conducting a review of all financial aid budgets since taking over the role in September and visited India earlier in the week to discuss existing aid arrangements. 'Changing place' She said the visit confirmed the "tremendous progress" that India was making and the basis of the UK's support needed to shift from direct aid to technical assistance in future. The announcement that the UK is scrapping aid to India has been long expected and will not have come as a surprise to the Indian government. UK International Development Secretary Justine Greening was in India early this week to meet senior Indian government officials who were briefed on the move. India has long held the position that while it welcomes financial aid from overseas from those who choose to give it, it will never actively seek it. The move is also recognition of India's economic transformation. It's now the third largest investor in the UK and the largest market for British goods outside the EU. But much of the UK aid money was used to fund projects in some of India's poorest areas and some will worry that those at the receiving end could suffer. "After reviewing the programme and holding discussions with the government of India, we agreed that now is the time to move to a relationship focusing on skill sharing rather than aid," she said. "India is successfully developing and our own bilateral relationship has to keep up with 21st Century India...It is time to recognize India's changing place in the world." Although all existing financial grants awarded will be honored, the UK will not sign off any new programmes from now on. By focusing post-2015 support on trade, skills, health and private sector anti-poverty projects which can generate a return on investment, the UK estimates that its overall contribution will be one-tenth of the current £280m budget. In making the decision, the UK is citing the progress India has made in tackling poverty in recent years. It says 60 million people have been lifted out of poverty as a result of the doubling of spending on health and education since 2006. The UK also says bilateral trade between the two countries is flourishing, growing 20% in 2010. From 2015, development experts will continue to work alongside the Foreign Office and UK Trade and Investment but focused on sharing advice on poverty reduction, facilitating private sector projects and global partnerships in food security, climate change and health prevention. The BBC's political correspondent Carol Walker said this was an important step that was seen by the government as part of efforts to focus its aid budget on countries most in need. The government is increasing the overall overseas development budget to help meet a longstanding international commitment to spend 0.7% of national income on aid.