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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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    The dependence of Iraq's revenues during 7 months on oil by 92%

    Rocky
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    The dependence of Iraq's revenues during 7 months on oil by 92% Empty The dependence of Iraq's revenues during 7 months on oil by 92%

    Post by Rocky Tue 14 Sep 2021, 8:00 am


    [size=30]The dependence of Iraq's revenues during 7 months on oil by 92%


    2021-09-14
    [/size]
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    Yes Iraq: Baghdad

    The Iraqi state account figures for the month of July for the fiscal year 2021 showed dependence on oil as a main and almost the only source of income, which poses a great danger to the future of Iraq.
    The data and tables issued by the Ministry of Finance in September for the accounts for the month of July showed that oil is still the main resource for Iraq's general budget, despite its decline by 1% from last year, but it remains above 90% of Iraq's budget. Which poses a danger to the future of Iraq in light of the current Iraqi government's attempt to reform the Iraqi economy within the white paper submitted by the Council of Ministers to the Council of Representatives.
    Through the financial tables, it appears that the total oil revenues amounted to 43 trillion and 282 billion and 383 million and 790 thousand and 920 dinars, which represents 92% of the total revenues, while the total non-oil revenues amounted to 3 trillion and 982 billion and 211 million and 238 thousand and 585 dinars, which constitutes 8% of the total revenues, while the total oil and non-oil revenues amounted to 47 trillion and 264 billion and 595 million and 29 thousand and 504 dinars, which is higher by 16 trillion and 72 billion and 191 million and 353 thousand and 634 dinars from the same period last year 2020 as a result of high oil prices .
    According to the financial report; Non-oil revenues came from current revenues represented by taxes on income and wealth at 981 billion and 501 million and 142 thousand and 565 dinars, and they also came from commodity taxes and production fees at 631 billion and 925 million and 911 thousand and 784 dinars, and they also came from fees that amounted to 556 billion and 72 million dinars. And 835 thousand and 328 dinars, from the share of public sector profits, at a rate of 68 billion and 686 million and 643 thousand and 672 dinars, and from transfer revenues, which amounted to one trillion and 121 billion and 196 million and 283 thousand and 106 dinars, and from other revenues by 589 billion and 828 million and 557 thousand and 848 dinars.
    It also came from capital revenues, which amounted to 23 billion and 999 million and 864 thousand and 382 dinars.
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