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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


    The Iraqi economy .. A gap between revenues and expenditures and debt consume 65% of GDP

    Rocky
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    • Post n°1

    The Iraqi economy .. A gap between revenues and expenditures and debt consume 65% of GDP Empty The Iraqi economy .. A gap between revenues and expenditures and debt consume 65% of GDP

    Post by Rocky Thu 14 Dec 2017, 3:05 pm

    [rtl]The Iraqi economy .. A gap between revenues and expenditures and debt consume 65% of GDP[/rtl]

    [rtl] December 14, 2017 - 3:35 Number of readings: 220   [/rtl]
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    [rtl]The Iraqi public debt reached its highest level, recording 133 billion dollars, which means that it constitutes 65% of the Iraqi gross domestic product, this is a question by the Vice President of the Republic, "Iyad Allawi," but he did not explain the reasons This increase.[/rtl]
    [rtl]The International Monetary Fund predicted that Iraq's debt will reach $ 123 billion in 2017 and reach $ 132 billion by 2018. According to the fund, Iraq's domestic revenues are $ 174 billion and debt is eroding 61 percent of that revenue.[/rtl]
    [rtl]The government is seeking more loans from the World Bank or the International Monetary Fund to cover the deficit and complete the reconstruction process, forcing it to take several measures that could worsen the situation.[/rtl]
    [rtl]According to statistics last year, the poverty rate in Iraq reached 35%, recording the highest rate in nearly 100 years during the British Mandate early last century.[/rtl]
     
    [rtl]Economy suffers from terrorism and oil prices ..[/rtl]
    [rtl]On the other hand, the World Bank pointed out in its latest report on the Iraqi economy that Iraq is suffering because of the decline in oil prices in global markets since 2014, in addition to the financial allocations to combat terrorism, especially the organization, "urging" jihad.[/rtl]
    [rtl]The government's aid to some 3 million displaced people is an additional burden on the public budget, but improved security as reconstruction begins in areas hit by "daunting" terrorism could become a good indicator of the economy.[/rtl]
    [rtl]It is expected that the cost of reconstruction of the cities, which have been recovered from the grip of "Da'ash" will reach about $ 100 billion.[/rtl]
    [rtl]By 2016, the government deficit was 14% of GDP, due to increased spending on security and humanitarian assistance that the government had to pay for in the past years.[/rtl]
    [rtl]For its part, the Iraqi government refuses to make clear statements on the size of the debt, and rejects data issued by international organizations or members of parliament, and it is based on the heavy legacy inherited from previous governments.[/rtl]
     
    [rtl]A single economy and a gap between revenues and expenditures.[/rtl]
    [rtl]The Iraqi economy is considered a "single economy." The state budget is based mainly on the return on oil exports in the absence of development of other sectors, which experts consider to be suicidal because, as oil prices fluctuate, the reserves may see a frightening decline.[/rtl]
    [rtl]Iraq has a large gap between revenues and expenditures. The total budget for the next year is 108 trillion and 113 million dinars (about 91 billion dollars), while the revenue is 85 trillion dinars (72 billion dollars), so the deficit reaches 22 trillion Dinars, (about 19 billion dollars).[/rtl]
     
    [rtl]Corruption loots Iraqi wealth[/rtl]
    [rtl]Iraq is not only facing terrorism, but there is a bigger internal enemy, corruption. Iraq is one of the most corrupt countries in the world. It is ranked 161th out of 168 countries in the classification of corruption, so it is considered a country rich in oil and wealth. That they are wasted and are not used or invested.[/rtl]
    [rtl]The Prime Minister, "Haider Abadi," that the next war will be on the corrupt, after the near elimination of the "dashing", but the problem is that the government entrusted with the fight against corruption accused of corruption reached the highest levels.[/rtl]


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