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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Al-Kazemi's economic advisor reveals the reasons for the decline in customs revenues

    Rocky
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    • Post n°1

    Al-Kazemi's economic advisor reveals the reasons for the decline in customs revenues Empty Al-Kazemi's economic advisor reveals the reasons for the decline in customs revenues

    Post by Rocky Sat 13 Nov 2021, 5:52 am

    [size=36]Al-Kazemi's economic advisor reveals the reasons for the decline in customs revenues[/size]

    Economie| 07:19 - 12/11/2021

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    Special - Mawazine News
    , Economic Adviser to the Prime Minister Mazhar Muhammad Salih confirmed, on Friday, that "many customs violations have led to a reduction in customs revenues.
    Salih stated to (Mawazine News) that" customs exemptions are a big issue for embassies and non-profit professional organizations, and that the minimum for them is It is 3 billion dollars annually.
    He pointed out that "the question about the extent of discipline in the list of exemptions, in light of the fact that the customs proceeds are still low, and that expectations are at a minimum not less than 12 trillion dinars."
    And Saleh continued, "In a practical way, it comes less than the imposed percentage, due to the presence of many violations that cause a great loss to the state and entail retroactive compensation according to the legal context." Ended 29/R77
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    Rocky
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    • Post n°2

    Al-Kazemi's economic advisor reveals the reasons for the decline in customs revenues Empty Al-Kazemi’s advisor for financial affairs: The decrease in the external public debt, and the next ye

    Post by Rocky Sat 13 Nov 2021, 6:09 am

    Al-Kazemi’s advisor for financial affairs: The decrease in the external public debt, and the next year will be free of hardships and financing restrictions

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    [rtl]Baghdad / NINA / - Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, announced today, Saturday, that the country's external public debt has decreased to $20 billion, while stressing that the year 2022 will be free of financial hardships and financing restrictions.

    Saleh said, to the official agency: "Iraq's external public debt is in decline, and it is within the limits of 20 billion dollars, and the public budget bears the debt-amortization services and according to the timings set," noting that "the internal debt is still the largest at the present time, and the external debt exceeds three times, but it remains confined to the framework of the government financial system exclusively, and has no connection with the public.”

    He added that "Iraq is in recovery and will inevitably live in the next 2022 without financial hardships or financing restrictions, caused by a lack of revenues, due to the recovery of the energy market and the boom in demand for oil, as well as the increase in the proceeds of Iraq's oil production by 400 thousand barrels per day," noting that "" This addition to the current total oil production and alone will generate an annual added revenue estimated at about 17 trillion Iraqi dinars if the average price of a barrel of oil reaches $75.

    He pointed out that "the issue depends on the total expenditure ceilings in the budget, and if it is assumed that the expenditure ceiling in the 2022 budget is the same in 2021, and that the average price of a barrel of oil achieved throughout the year is not less than $75, then the oil revenues will alone cover the total expenditures." in the budget and achieve some surplus from the availability of other non-oil revenues.”

    He added, "This means that, for the first time, there will be a budget that achieves a financial surplus without the need to borrow, and if borrowing is achieved, it does not exceed 3% of the gross domestic product, which is stipulated in the financial management law in force due to ongoing construction projects linked to financing with international loans," noting. It does not exceed $3 billion per year, in addition to the construction loan whose bonds are offered for circulation to the public at a trillion dinars.”/ Ended 9[/rtl]
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