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

I would like all Members and Guest to view CryptoTravel.biz as this is my company I promote.




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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2019


A deputy criticizes the weakness of financial management and warns of excessive government addiction

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 164210
Thanked : 10690
Join date : 2012-12-21

warns - A deputy criticizes the weakness of financial management and warns of excessive government addiction Empty A deputy criticizes the weakness of financial management and warns of excessive government addiction

Post by rocky on Sun 12 May 2019, 7:02 am

A deputy criticizes the weakness of financial management and warns of excessive government addiction to foreign loans

[You must be registered and logged in to see this image.]

A member of the Committee for Evaluation of the Government Program and Strategic Planning on the mass of parliamentary deputies Anam [You must be registered and logged in to see this link.] weak financial management, warning at the same time of excessive government addiction to foreign loans. 

   Khuzai said in a statement: The weakness of financial management in the allocation of public expenditure towards investment projects is growing concern, indicating: The investment expenditure did not exceed (5%) of the total public spending, and confirms that the budget is 2019 consumption is as distinct as the budget of 2018 that ended With surpluses in its investment while the current budget was spent in full. 

   She explained: All this raises the question of the usefulness of external borrowing, which increased dependence after 2014, when oil prices collapsed and oil revenues and other resources in financing the budget, noting that the volume of borrowing by the failure of previous governments (because of corruption and inefficient management of resources ) To invest foreign loans to improve infrastructure and services or establish successful investment projects. 

   She pointed out that the premiums and benefits of public debt constitute 10% of the volume of current expenditure for 2019, thus crowding out activities and allocations of very important, as evidenced by excessive addiction to foreign loans. 

   "Therefore, according to the above, the accumulation of [You must be registered and logged in to see this link.] in[You must be registered and logged in to see this link.]Raises concern about the future of future generations, especially as the government continues to inflate the public debt, renewing its call to the Iraqi government to establish funds "sovereign fund for debt repayment" and another for stability and another for generations.




[You must be registered and logged in to see this link.]

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 164210
Thanked : 10690
Join date : 2012-12-21

warns - A deputy criticizes the weakness of financial management and warns of excessive government addiction Empty A parliamentary committee warns against doubling the value of foreign debts because of the benefits

Post by rocky on Sun 12 May 2019, 7:10 am

A parliamentary committee warns against doubling the value of foreign debts because of the benefits

[You must be registered and logged in to see this image.]

A member of the Committee on Economy and Investment [You must be registered and logged in to see this link.] Nada Shaker Jodat warned of doubling foreign debts because there are no plans to pay them, pointing out that the debts have high financial conditions and benefits. [You must be registered and logged in to see this link.]

said  that so far there is no plan or mechanism to pay off external debt, pointing out that the creditors put tough conditions on Iraq and very high financial benefits. "If the situation remains the same, the value of the interest will be higher than the original loan amount and thus the debt will double, calling for a mechanism to accelerate the repayment of those debts."[You must be registered and logged in to see this link.]



The Iraqi government should develop a plan to revitalize the Iraqi economy by activating industries, agriculture, trade, investment and non-dependence on oil, because oil revenues are affected by external changes, especially as the region is currently experiencing a state of tension America and its allies on the one hand and Iran and its allies on the other. Economically, it is necessary to find alternatives to oil and not rely on external debt. 




[You must be registered and logged in to see this link.]


    Current date/time is Sun 21 Jul 2019, 2:15 pm