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Under the margin of the 2019 budget

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rocky
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Under the margin of the 2019 budget

Post by rocky on Wed 07 Nov 2018, 3:39 am

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Abbas al-Sabbagh
He adds that the budget for the next year (2019) will be slightly different from the previous federal budget in two respects, because it has seen a relatively high rates of oil prices in the global market, it is imperative that the authors of the new budget law to modify the value of the price of a barrel on which to build the light The law of this budget and to a reasonable default price after the Ministry of Finance revealed that the federal budget for the next year adopted the amount of (65) dollars per barrel and an export rate of up to four million b / d including the source of the Kurdistan region, which are reasonable prices help to bring about financial changes The second aspect is that this budget has witnessed, almost thankfully, a near total collapse of Al-Da'ashi's terrorism after the homeland has been cleansed of its uncleanness. As a result of these workers, a financial abundance will be achieved which would not have benefited the previous budget that it suffered. Much of the resource is scarce Which on the one hand and the deterioration of oil prices starting in 2014, which coincided with the invasion of the yellow Daashi of Iraqi territory, which requires expensive funds for the process of liberalization, but after days began oil prices are slowly improving, and the Ministry of Finance talks about an abundance of financial encouraging to fill the fiscal deficit in the budget, Are not "explosive" at best, but they can meet minimum levels of exchange, and this financial abundance, although not in large numbers, but will help the government effort in addition to the international financial effort in the reconstruction of the affected areas or the scene of military operations or aggression Shi neutralized, and that it was too early for any sign in oil prices and the impact on the budget but there are optimistic the arrival of oil prices to around $ 80 expectations for the foreseeable future.
 However, despite the relative difference in the budget of 2019 on the budgets of the former federal, but it does not differ from the slightest difference from those budgets, has remained a budget balanced barrel of oil is a fixed standard in financing despite the instability of the price levels in the global market, and here lies the fatal imbalance and the addition of the rest of the remaining resources The budget of the next 2019 is a balanced budget and will see the decline of the rest of the resources except oil, which remained 98% of the expenditures covering the federal budgets each year, while the rest of the resources are very small The deficit is also associated with it, albeit at a lower rate than last year. The total planned deficit is more than 22 trillion and will be covered by the abundance of increased crude oil prices.
The first is to secure an appropriate and safe export climate for crude oil through its regional rivals, and secondly to secure the salaries of state employees, who number more than eight million. This is a very large figure compared to the total population of Iraq. By a lot of oil countries, a fund similar to the savings funds, which obtains the amounts of accumulated oil wealth and provide it for subsequent generations to avoid the state of depletion of oil, which enters the basic rents of the economies of those countries, and this did not find an impact in Iraq, even at the level of the idea, Iraq is completely out of the global record of these countries, and makes matters worse that the Iraqi economy is not only a profitable economy, but an economy that marginalizes the rest of the economic resources to a frightening or fading, such as agriculture, industry, tourism and manufacturing and this is revealed by all federal budgets, .    


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