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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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Necessities to reduce budget deficit of non-oil resources

rocky
rocky
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Join date : 2012-12-21

Necessities to reduce budget deficit of non-oil resources Empty Necessities to reduce budget deficit of non-oil resources

Post by rocky Mon 29 May 2017, 2:41 am

Necessities to reduce budget deficit of non-oil resources

 

5/29/2017 1:39

Saad al - Tai
know the budget as document accounting, legal and financial reflect the idea of the forecast expenditure and public revenue for the period to come and be expressed in the form of figures on the administrative, economic and social state activity, and have three possibilities: first, exceed expenditures of public revenues (which it is happening in Iraq), consequent inability to obtain and subsequent economic risks, the second: revenue exceeded expenditure leads to obtain financial surplus, the third: it is the fiscal balance.  The suffering of the general budget in Iraq from chronic problems for years the existence of a deficit caused by the decline in world oil prices, which arranges the economic decision - maker action to repair this deficit and to avoid the negative effects of the Iraqi economy.
The most important solutions to work to diversify the sources of the general budget revenues and reduce dependence on oil as a commodity alone in the revenue of the general budget where they can work to increase revenue by creating multiple sources of income, available and affordable religious and entertainment such as tourism, which can work to reduce the contribution of oil in the general budget.
Also , the present situation makes it imperative to reduce unnecessary spending , which could lead to cases of wasteful unjustified strain the budget in matters useless and do not achieve the common good, can also work to reduce imports from other countries and rely on the national product by supporting and encouraging investment in order to bring production foreign domestic product instead, we must also work to increase the commodity, industrial, service and domestic exports to other countries of the world in order to maximize the revenue of the general budget.
The work to reduce the deficit of public budget is one of the things are very important for the national economy in general and leave economic and social impacts affecting all citizens in the country for a period may last for many years.
The move to rationalize public spending by studying the economic and service projects feasible and should be implemented and the economy expenses and not to allow wasting public money or exaggerate the price of implementation of these projects at a time can be for some companies that are accomplishing lower prices and the quality of the implementation of the same, what constitutes a burdensome general budget resulting in adding additional financial items constitute unjustified increases public spending.
It is very important to diversify the general budget revenues , it is illogical that the sales constitute a single commodity (crude oil) all the general budget as this matter revenue from serious risk to the national economy due to the fluctuation of prices in the global markets , according to the cases of supply and demand and contrary to international interests that may be paid speculating about this item to international markets leads to the erosion of prices and thus lead to damage to the resources of the general budget.
Of the duty to diversify the necessary revenue of the general budget that can come from interest in the agricultural, industrial and service sector , and what could result from these strategic sectors of significant financial returns that can contribute to supplement the budget significant revenue reduces the contribution of oil in the general budget ratios.
Also , attention to foreign trade through the preparation of a good marketing strategy in order to promote national goods , whether agricultural, industrial or service is something very important in order to work on the export of local products abroad and to obtain financial returns that can contribute to the revitalization of the national economy and the form in which hurt in the general budget resources. It plays investment interest by providing appropriate support and provide the necessary environment to revitalize a major role in contributing to the development of industrial, agricultural and service sectors and can play them and makes them able to compete with the foreign product.
The work to reduce the deficit the general budget must be within the strategy and the national court take into account the economic accounts in terms of available resources and the need to examine the potential future effects that could result from the implementation of this strategy and to achieve the desired interest of the country.

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