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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


    international agency adjusted the outlook for Iraq into a stable and classified -B

    Rocky
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    international agency adjusted the outlook for Iraq into a stable and classified -B Empty international agency adjusted the outlook for Iraq into a stable and classified -B

    Post by Rocky Mon 13 Mar 2017, 3:07 pm

    international agency adjusted the outlook for Iraq into a stable and classified -B

    13/3/2017

    Twilight News / awarded agency Fitch Ratings, Iraq's B rating, with stable outlook.

    Fitch predicted in its report issued on Monday, shrinking the fiscal deficit to 5.1% of GDP during the current year, the deficit narrowed to 8.1% of GDP last year.

    The agency noted in its report that this classification, refers to the good financial performance of the state, which has evolved in the first half of 2016, from the level in 2015, exceeding expectations despite the decline in oil prices from the level of government spending.

    Fitch predicted, government spending growth of 12.1% during the next three years, which in turn will reduce the reliance on indirect monetary financing by the Central Bank of Iraq.

    The report pointed out that Iraq still needs to identify funding sources to meet the financing Fjoth, adding that oil accounts for 50% of the gross domestic product of Iraq and 90% of fiscal revenues.


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