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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq still under the category of bankrupt countries?

    Rocky
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    • Post n°1

    Iraq still under the category of bankrupt countries? Empty Iraq still under the category of bankrupt countries?

    Post by Rocky Sun 05 Nov 2017, 5:20 am

    [ltr]Iraq still under the category of bankrupt countries?[/ltr]

     From 2017-11-05 at 12:33 (Baghdad time)
    [ltr][You must be registered and logged in to see this image.][/ltr]
    [ltr]Special - Mawazine News[/ltr]
    [ltr]The official in charge of economic affairs, Dhargham Muhammad Ali, on Sunday, the budget of 2018 similar to the past years in terms of revenues, which are based mainly on oil revenues and deductions without any impact of development, noting that the size of debt is currently higher than the size of official state revenue which is within Iraq within Item "Bankrupt States".[/ltr]
    [ltr]Ali said in an interview with "Mawazin News" that "the budget next year did not differ from its predecessors and relied almost entirely on Iraqi oil revenues estimated at a price is considered relatively balanced but will be subject to changes in the global oil market," pointing out that " Staff and rely on internal and external borrowing to fill the deficit. "[/ltr]
    [ltr]He added that "the budget reveals beyond doubt the inability of any realistic treatments to find development, even if it is a formality to open future prospects to reduce dependence on oil revenues and stop domestic and external borrowing, which has no horizon to stop it and the payment of accumulated it puts the Iraqi economy in the near future on the verge of bankruptcy.[/ltr]
    [ltr]He pointed out that "the lack of solutions may be due to two reasons: the first corruption and weak planning and the second dependency inherited oil revenues, which is accountable for the need to address the real development through joint solutions with the private sector, in addition to fighting corruption and reduce the privileges of the political class and its expenses, To develop a visionary policy to pay back Iraq's loans, which weighed heavily and brought it back to square one before the Paris Club. "[/ltr]
    [ltr]Ali said that "the size of debt is currently higher than the size of the State's official revenue, which is entering Iraq under the item bankrupt states."[/ltr]
    [ltr]The budget of 2018 included deductions from salaries of employees, which rose to 4.8%, while the rate of deduction in the budget of 2017 was 3.8% as a budget austerity.[/ltr]




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