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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: Rising oil prices may ease the deficit and contribute to the payment of part of the debt

    Rocky
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    Economist: Rising oil prices may ease the deficit and contribute to the payment of part of the debt Empty Economist: Rising oil prices may ease the deficit and contribute to the payment of part of the debt

    Post by Rocky Sun 19 Nov 2017, 4:21 am

    Economist: Rising oil prices may ease the deficit and contribute to the payment of part of the debt
    November 19 2017 10:56 p
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    [rtl][rtl][You must be registered and logged in to see this link.] on behalf of Antoine[/rtl]
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    Baghdad Post
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    The economic expert, on behalf of Antoine, expressed his hope that the high oil prices provide an opportunity to pay part of Iraq's debt of about $ 133 billion. 

    Antoine said in a press statement: "The high oil prices will save about 12 billion dollars contribute to reduce the deficit and grant space to pay part of the debt." 

    He pointed out that "the total debt of Iraq amounted to about 133 billion dollars, which is fragmented internally and externally," noting that "40 billion dollars are foreign debts due to the Gulf War II, Saudi Arabia, the UAE and Kuwait." 

    He added that "these countries promised Iraq to give up debt, which will help to reduce to about 70 billion dollars." 

    The economic expert stressed that "the payment of debt is not easy, because it has benefits and taxes," noting that "the International Monetary Fund seeks to reduce the proportion of the budget deficit to not exceed 15 billion dollars."

    Antoine called on the government to program the work according to productive loans that could create other sources of income for the country, represented in the industrial, agricultural, trade and tourism sectors, in order to ease the sale of the currency through the central bank and support the local production in the country. 
     

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