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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 financial advisor expects Iraq to achieve 20 billion dollars due to the high oil prices

    Rocky
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    The financial advisor expects Iraq to achieve 20 billion dollars due to the high oil prices Empty The financial advisor expects Iraq to achieve 20 billion dollars due to the high oil prices

    Post by Rocky Fri 11 Mar 2022, 2:08 pm

    [url=https://ultrairaq.ultrasawt.com/sites/default/files/styles/large/public/%D9%85%D8%B8%D9%87%D8%B1 %D9%85%D8%AD%D9%85%D8%AF %D8%B5%D8%A7%D9%84%D8%AD %D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A %D9%84%D8%B1%D8%A6%D9%8A%D8%B3 %D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A %28%D8%A7%D9%84%D9%88%D9%83%D8%A7%D9%84%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9%29][You must be registered and logged in to see this image.][/url]
    The financial advisor expects Iraq to achieve 20 billion dollars due to the high oil prices
    March 10, 2022
    Ultra Iraq - Editorial Team
    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected that Iraq would achieve $20 billion in cash benefits as a result of the rise in oil prices. 
    Saleh said in a statement to the official agency and followed by "Ultra Iraq", that "the federal fiscal policy is implementing the effective Financial Management Law No. 6 of 2019 amended, which requires disbursement at a rate of 1/12 of the total actual continuous expenditures that were made in the 2021 budget." .
    He pointed out that "despite partial borrowing of 15 percent of the total planned deficit in the 2021 budget of 29 trillion dinars, the financial situation and its expected indicators during 2022 indicate a high average oil barrel of at least $100 per barrel compared to the revenues of the year's budget." 2021, whose average annual oil revenues are estimated to be less than $70 per barrel.
    He added, "Accordingly, net expected financial surpluses of not less than 20 billion dollars in the event that the exchange continues at a rate of 1/12 of last year's budget, and therefore the prevailing cash flows will be reassuring and there is no need to borrow in all its forms."
    He stressed that "excess reserve financial resources can be allocated for the purposes of supporting the stability of the budget in the coming years in the face of unknown potential fluctuations in the global oil market."
    But yesterday, global oil prices recorded their largest decline since the early days of the Corona virus pandemic, [You must be registered and logged in to see this link.] upended the market, which witnessed a continuous rise in prices in the past days.
    And Iraq announced, through the National Oil Marketing Company "SOMO", its position on the supply of the oil market in light of the global demand for crude .
    And the company stated in a statement, “Through continuous and careful follow-up of the developments and changes that the global market is going through today, especially with regard to the balance of global supply and demand for crude oil, Iraq believes that the level of oil exports supplied to the global market  (Supply)  is commensurate with the level of consumption and global demand  ( Demand ".
    The statement added, "The programmed increases from OPEC + are sufficient to address any shortages that may occur in supplies."
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