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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    SWFs promote non-oil revenues of the state

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 280381
    Join date : 2012-12-21
    • Post n°1

    SWFs promote non-oil revenues of the state Empty SWFs promote non-oil revenues of the state

    Post by Rocky Mon 09 Dec 2013, 7:18 am

    SWFs promote non-oil revenues of the state

    Defined as expensive wealth management and reserves

    9/12/2013 - BAGHDAD - Mustafa al-Hashemi
    Called academic Economist Dr. Essam Mahouelle to draw a fiscal policy and a clear long-term and precautionary measures reduce the impact of fluctuations in oil prices on the budget, indicating the importance of diversifying the resources of productive sectors other than oil.

     He added Mahouelle (morning) that the importance of the development of safe bumpers protect against the evil of budget fluctuations in oil prices as a provision establishing sovereign funds are funded from part of the oil revenue for the development of other productive sectors such as agriculture and industry the fact that these two sectors Istoaban many of manpower in various disciplines.  He pointed out that Iraq executes bumper draw financial deficit of 20 percent or more in Moisnath public on an annual basis.

     Known as sovereign funds as funds expensive wealth management and financial reserves of governments.
    Arise in countries that have owned savings above investments pour end up in the hands of governments.  The reasons for its creation to the twin reasons of ownership of wealth commodities (especially oil and gas)., And what is considered forced savings because of the economy, which focuses on manufacturing exports, as is the case in China and Singapore.
    He pointed out that the success of Mahouelle fiscal policy is to achieve economic stability and diversification of revenue and to clarify the objectives of the budget to reduce the unemployment rate or increase the standard of living of the citizens through the creation of new jobs and stimulate the labor market after a review of the level of wages between the public and private sectors.
    He said the establishment of this fund will help in the implementation of investment projects in the event of any sharp fluctuations in oil prices affect the investment budget.

     And stressed that it is necessary to be extremely fundamental economics of resource-rich states such as Iraq is to convert a portion of its financial resources if the ratio (10 to 15 percent) and derived from the production and export of natural resource stainless depletion of the assets invested in human capital or financial assets of foreign income-generating future generations coming and support the process of sustainable development in order to not be the biggest boon oil than necessary.

    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Thu 07 Nov 2024, 12:33 am