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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 IMF urges Arab countries to cut spending

    Rocky
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    • Post n°1

    The IMF urges Arab countries to cut spending Empty The IMF urges Arab countries to cut spending

    Post by Rocky Sun 11 Feb 2018, 2:12 am

    The IMF urges Arab countries to cut spending



    The IMF urges Arab countries to cut spending 5775



    Economy News _ Baghdad
    IMF Director-General Christine Lagarde urged Arab countries to cut public sector salaries and government subsidies to control spending, achieve sustainable growth and create jobs.
    Speaking at the Arab Finance Forum in Dubai, Lagarde welcomed the "promising" reforms adopted by some Arab countries, but stressed that more steps must be taken to overcome major economic and social problems.
    Low oil prices directly affect the financial resources of Arab oil exporters, while oil importers face high debt, unemployment, conflict, terrorism and refugee flows, Lagarde said.
    Nearly all Arab countries have budgeted deficits in the last few years, while Arab economies grew by only 1.9 percent last year, half of the world average, according to the Arab Monetary Fund, which organized the event with the International Monetary Fund.
    However, Arab spending is still very high, especially in oil-rich Gulf states, where government spending exceeds 55 percent of GDP, Lagarde said.
    The IMF's director general said many Arab governments had taken steps to contain spending, but that the measures were often temporary and non-permanent.
    She also said that government spending reform should focus on cutting government subsidies and public sector salaries while enhancing the effectiveness of sectors such as health, education and public investment.
    "There is no real justification for continuing to use energy subsidies," Lagarde said. "It is very expensive and represents an average of 4.5 percent of GDP in oil-exporting countries and 3 percent for oil importers."

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    Rocky
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    • Post n°2

    The IMF urges Arab countries to cut spending Empty The International Monetary Fund calls on Arab countries to reduce public sector salaries

    Post by Rocky Sun 11 Feb 2018, 2:13 am

    The International Monetary Fund calls on Arab countries to reduce public sector salaries

    The IMF urges Arab countries to cut spending 5777
    Economy News Baghdad:
    IMF Director-General Christine Lagarde urged Arab countries to cut public sector salaries and government subsidies to control spending, create sustainable growth and create jobs.
    Lagarde, who spoke at the Arab League's "Public Finance Forum in Dubai," welcomed the "promising" reforms adopted by some Arab countries, but stressed that more steps must be taken to overcome major economic and social problems.
    Nearly all Arab countries have budgeted deficits in the past few years, while Arab economies grew by only 1.9 percent last year, half of the world average, according to the Arab Monetary Fund, which organized the event with the International Monetary Fund.
    However, Arab spending is still very high, especially in oil-rich Gulf states, where government spending exceeds 55 percent of GDP, Lagarde said.
    She said many Arab governments had taken steps to contain spending, but those measures were often temporary and non-permanent.
    She said government spending reform should focus on cutting government subsidies and public sector salaries while enhancing the effectiveness of sectors such as health, education and public investment.
    "There is no real justification for continuing to use energy subsidies," Lagarde said. "It is very expensive, representing an average of 4.5 percent of GDP in oil-exporting countries and 3 percent of oil importers."
    Lagarde stressed the importance of implementing tough reforms and higher growth rates to create jobs for Arab youth.
    "Unemployment among young people is the highest in the world at 25 percent and over 30 percent in nine countries," she said, ad



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