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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 to / Mawazin News / the importance of rising oil price to fill the budget deficit

    Rocky
    Rocky
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    • Post n°1

    Economist reveals to / Mawazin News / the importance of rising oil price to fill the budget deficit Empty Economist reveals to / Mawazin News / the importance of rising oil price to fill the budget deficit

    Post by Rocky Thu 12 Apr 2018, 11:29 am

    [ltr]Economist reveals to / Mawazin News / the importance of rising oil price to fill the budget deficit[/ltr]
    [ltr]Economie[/ltr]
     From 2018-04-12 at 19:25 (Baghdad time)
    [ltr][You must be registered and logged in to see this image.][/ltr]
    [ltr]Special - Mawazine News[/ltr]
    [ltr]The economic expert, Salam Samisem, on Thursday, that the high price of oil has a positive impact in creating a difference in the currency helps to strengthen the financial resources of the state, calling on the government to take advantage of the difference in bridging the budget deficit and reduce taxes on citizens.[/ltr]
    [ltr]"The rise in oil prices globally has a difference in the currency and this difference has a positive role, because the government recorded $ 45 in the budget of 2018 and therefore the difference will enable the government to benefit from it to fill the budget deficit," said Smaisem, for / Mawazin News, Differences in the promotion and utilization of the State's financial resources ".[/ltr]
    [ltr]"The government predicted that the budget deficit will be $ 10 million, and therefore relied on a package of taxes to be imposed on citizens," she said, stressing "the importance of taking advantage of these price additions to oil and reduce the tax pressure on the citizen."[/ltr]
    [ltr]"Taxes on which the government depends will be divided directly and indirectly. The direct income will be between 2 and 7 percent, including all employees and employees," she said. "Indirect taxes will be imposed on sales such as cigarettes, drinks,[/ltr]
    [ltr]"All these taxes will lead to higher prices and the citizen will be burdened financially," she said. "Therefore, we hope that this increase in the price of oil will reduce the tax pressure on the citizen and the amount of taxes that will lead to higher prices."[/ltr]
    [ltr]International oil prices rose on Wednesday, boosting the gains made in the previous session as markets watched the escalation of tension in the Middle East after warned the European Organization for Air Safety (Eurocontrol) of possible air strikes in Syria.[/ltr]
    [ltr]Brent crude rose $ 71.09 a barrel, up 7 percent from its last close.[/ltr]
    [ltr]Brent climbed more than 3 percent on Tuesday to its highest level since late 2014, when it hit $ 71.34.[/ltr]
    [ltr]US benchmark WTI hit $ 65.63 a barrel, up 12 percent, ending June 29[/ltr]




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