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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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    Economic Adviser: 2017 austerity budget will stimulate the development of non-oil resources

    Rocky
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    Economic Adviser: 2017 austerity budget will stimulate the development of non-oil resources Empty Economic Adviser: 2017 austerity budget will stimulate the development of non-oil resources

    Post by Rocky Sat 20 Aug 2016, 2:56 am

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    Economic Adviser: 2017 austerity budget will stimulate the development of non-oil resources


     Baghdad / Ibrahim Ibrahim 

    Financial advisor to the Prime Minister Haider al - Abadi revealed, Friday, for the end of the Ministry of Finance to prepare 2017 budget, stressing that its value would be about $ 82 billion at a price calculated $ 40 for a barrel ofoil and a deficit of up to $ 18 billion, while economists warned of the loan disbursement Foreign consumer spending, leading to the bankruptcy of thegovernment treasury and the accumulation of debt. 


    he said the appearance of Mohammed Saleh, in an interview for the "long", "the Ministry of Finance has completed the preparation of the 2017 budget will be presented for discussion in the Council of Ministers during the month of September." 
    Saleh pointed out that "budget amounted to nearly $ 82 billion at a price of $ to 40 oil calculation," adding that " the cabinet would send the bill to the House of Representatives beginning in October of this year , a month."
    The economic adviser that " the 2017 budget will be the austerity beyond borders and motivational for thedevelopment of non - oil resources such as taxes and customs and others. " 
    and Saleh that" the draft law took into account the private sector , largely supporting and configured to manage some arthritis investment mission in the country. " 
    He predicted the financial advisor to the Prime Minister that" up the budget deficit in 2017, to about 18 billion dollar, "stressing that" the budget was drawn according to what has been agreed upon with the international Monetary Fund. " in 
    turn , said economist Maitham defect in an interview for the " long "," the first estimates indicate that budget in 2017 will be built on the basis of a price of $ 40 a barrel, and that the budget expenditures initially estimated up to $ 82 billion. " 
    He added that" next year 's budget will be committed to the IMF conditions , which necessitated the reduction of the actual spending of the state by 13 trillion dinars , roughly, compared Fund loan to cover the deficit. " 
    and the defect that" the employees ' salaries and the crowd and retirees will be secured by these preliminary budget 2017 estimates are in addition to the cancellation of some paragraphs is necessary to support themilitary side in the ministries of defense and Interior. " 
    the economist" the 2017 budget will be austere distinction and devoid of investment allocations which will bebuilt on the basis of maximizing the non - oil revenues so that less ceilings oil revenues 90% ", describing thebudget as" the agency accountable for the distribution expenses as a result of oil revenues. " 
    He warned defect of" foreign loan disbursements in consumer spending, which includes salaries and other without the development of economic activities projects important strategy. " 
    for his part , member of the Finance Committee in the House of Representatives Haitham al - Jubouri, during the parliamentary meeting host, that " the revenues from non - oil include the departments of customs and Real State communications and media Commission that it is necessary to rise and imports , " noting that " theFinance Committee meeting discussed the issue of balancing the House of Representatives and the Supreme Commission for human rights and the Supreme Judicial Council." 
    in the same context economist said Abbas al - Bahadli in an interview for the "long", that "Iraq lacks statistical plans are built on the basis of which the annual budget in accordance with specific figures to prove thequantities of oil exported and the amounts derived from the sale to be on the basis of which the development of an annual budget." 
    he added that "successive governments since nearly ten years have failed to apply the annual budgets that devoid of the final accounts. " 
    He explained Bahadli said" Almtsidin authority parties policies have ignored the economic side of the country ,causing multiple financial crises may lead Iraq into bankruptcy without a doubt. " 
    He said the " planning to pass next year 's budget without reducing 50% of the three presidencies salaries inaddition to special grades and that the number of its members by the thousands, and convert part of thebudget allocations to major projects development considered an act is the glory. " 
    The Council of Ministers, discussed on Tuesday (August 16, 2016) of the country 's budget 2017 after thesubmission by the Ministry of Finance, and among the government is moving to its project of reform in all sectors, he stressed the government 's success in retrenchment and the face of the financial crisis experienced by the country. 
    the Iraqi Council of Representatives, approved by an absolute majority, through its 45 of the first legislative term legislative year , the second, which was held in the (16 December 2015) , headed by Salim al - Jubouri ,and the presence of 242 deputies, the budget in the next 2016 by 105 trillion and 800 billion dinars, and the share of the Kurdistan region , of which 17 percent, despite the claim of a coalition of law reduced to 13 percent.
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