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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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    Saleh: The government's cash presence is at its best

    Rocky
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    • Post n°1

    cash - Saleh: The government's cash presence is at its best Empty Saleh: The government's cash presence is at its best

    Post by Rocky Tue 18 May 2021, 1:34 pm

    Saleh: The government's cash presence is at its best

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    Economy News - Baghdad
    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, reassured, on Tuesday, that the salaries of employees and retirees and social care are insured during the current and next years, while expressing his fear that the passage of the 2022 budget will stall.
    Saleh said that "the Iraqi government's cash presence at the present time is at its best," pointing out that "the average price of a barrel of oil today is about $ 60, and the obligations payable have been performed on a regular basis, and the cash liquidity is high," according to "Wawa."
    He added that "the budget was hedged with internal borrowing for fear of facing any shortage of liquidity," noting: "If the default price in the budget is 45 dollars and the real price is 60 dollars, there will be a difference to cover the requirements on the basis of financing the deficit by borrowing."
    He added that "there are pessimistic theories that assume that there are other payments and that non-oil revenues are still low. They are taken into consideration that oil revenues are recorded in one form, and the truth is another form." The remaining percent of the revenues are non-oil, but in practice this has not materialized, so there is a gap that is covered by borrowing.
    He stressed that "the economic situation in general is reassuring, and there is no fear for it in light of the current circumstances," pointing out that "the most prominent economic challenges are the coincidence of the election date 10/10 with the date of submitting the draft of the federal budget for 2022 between the Council of Ministers in which the approval of laws becomes disrupted and becomes The government is a business and is between parliament, which is about to be constitutionally expired. "
    He pointed out that "this matter is worrying, and we do not know how the elections will end and how the next government and the House of Representatives will be formed," explaining that "all these matters are against the approval or delay of the budget."
    Saleh stressed that "there is no fear of regular payment of salaries to employees and retirees and social care in light of the regular and high financial flow and budgetary hedging," indicating that "the situation will be comfortable until the end of the year 2022."
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