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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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Economist reveals the size of the deficit in the budget of 2018

rocky
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Economist reveals the size of the deficit in the budget of 2018 Empty Economist reveals the size of the deficit in the budget of 2018

Post by rocky Tue 24 Oct 2017, 8:34 am

Economist reveals the size of the deficit in the budget of 2018

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BAGHDAD / The economic expert on behalf of Jamil Antoine, said Tuesday that the expected deficit in the budget of 2018 will be about 30 trillion Iraqi dinars, while he explained that the oil province of Kirkuk will contribute to reducing the deficit because it is issued for the federal government.

"The expected deficit in the budget of 2018 will be about 28 to 30 trillion Iraqi dinars," Antoine told "Iraq News", noting that "the level of the deficit is subject to change because of its association mainly with the price of oil, which accounts for the largest proportion of the budget."

He explained the economic expert, "Kirkuk oil will contribute to reduce the deficit as it is issued for the benefit of the federal government is estimated at 550 thousand barrels per day," pointing out that "the world oil prices began to rise slightly and this factor also contributes to reduce the proportion of budget deficit General of the country ".

The member of the Finance Committee parliamentary, Magda Tamimi has confirmed, on Sunday (22 October 2017), that the federal budget did not reach the parliament until today, although according to the draft budget law was supposed to reach parliament in mid-month, pointing out that at the time We can not determine the shortcomings and the increase in the budget because we did not know it at all and any talk about it is currently inaccurate.

It is noteworthy that Prime Minister Haider al-Abadi has chaired, on Monday (October 9, 2017), a meeting to review the draft general budget for the year 2018, while stressing the importance of reducing operating expenses to ensure the provision of adequate resources to cover the salaries of employees in the state and secure pensions and social protection benefits to maintain Living standards for citizens, and moving the wheel of the economy in the private sector. Finished 2




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