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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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    Al-Kazemi’s advisor sets a condition for depositing the financial surplus in a sovereign fund

    Rocky
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    Al-Kazemi’s advisor sets a condition for depositing the financial surplus in a sovereign fund Empty Al-Kazemi’s advisor sets a condition for depositing the financial surplus in a sovereign fund

    Post by Rocky Sun 01 May 2022, 8:08 am

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    Baghdad - conscious - Nassar al-Hajj
    Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set a condition for depositing the financial surplus in a sovereign fund, while indicating that spending on social spending and addressing poverty will be the first priority.
    Salih told the Iraqi News Agency (INA): "Based on the text of Article 19 / Second of the amended Federal Financial Management Law No. 6 of 2019, if the actual revenues exceed the total expenses or expenditures, including financing the planned deficit in the annual budget, the surplus amount is deposited In a (sovereign fund) provided that a budget law is available, otherwise the said financial surpluses will be deposited in a reserve account and will undoubtedly be an opening balance in financing the federal general budget for the year 2023 in whole or in part and according to the exchange chapters and its future priorities.
    He added, "Spending on social spending and addressing poverty will be the first priority, in addition to making it easier with the investment spending associated with the implementation of strategic projects that operate work and inevitably generate income."
    And the Ministry of Oil announced, earlier, that the revenues last month amounted to more than 10 billion dollars.
    A statement by the ministry, received by the Iraqi News Agency (INA), stated that "the amount of crude oil exports achieved for the month of March, according to the final statistics from the Iraqi Oil Marketing Company (SOMO), amounted to (100) million and (579) thousand and (612) barrels. With revenues amounting to (10) billion and (913) million and (197) thousand dollars.”
    He added that "the total quantities of crude oil exported for the month of March from oil fields in central and southern Iraq amounted to (99) million (130) thousand and (677) barrels, while the quantities exported of Kirkuk oil through the port of Ceyhan were one million and (448) One thousand (935) barrels.
    He continued, "The average price per barrel amounted to (108,503) dollars, pointing out that "additional revenues were achieved from selling quantities of shipments of exported crude oil at a price premium, as the total revenue for them reached (273.804,794) million dollars."
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