Home
[size=30]Economist: The budget surplus of 2018 almost covered the size of the planned fiscal deficit
By [You must be registered and logged in to see this link.] September 29, 2018 [/size][You must be registered and logged in to see this link.]
BAGHDAD - Ali Karim is amazing
"The budget surplus (2018) in Iraq has almost covered the size of the planned fiscal deficit," economic expert Ahmed Hazal said on Saturday.
He said in an exclusive interview with Al-Hadath, that the budget surplus (2018) in Iraq covered almost the size of the planned deficit, because the increases resulting from the rise in oil prices prevented internal and external borrowing. According to the Ministry of Finance, spending during the first half of this year (30) trillion, while revenues amounted to about (45) trillion dinars, while the surplus of this year is almost equal to (15) trillion, and the Ministry stressed that the budget deficit amounted to real (19) trillion dinars, not (12) trillion dinars, as planned So, what if oil prices do not increase?
He added: We will definitely go to the public debt channel because we have no other, even if the interest-free borrowing will often be negative for future generations because the imbalance in the budget prevents any growth in sectors with reliance on the oil well on the one hand and abuse and censorship on the other hand! "He said.
"Whether it is time to look at events logically and pragmatically, is it not worth working on the logic of the economy and the dictates of cost-return? Why do we insist on continuing the same mistake!"
The economic expert pointed out that "Iraqi oil is sold less than (7) dollars from the basket of oil, because it contains a large proportion of water and impurities, in one period Iraq has exported a quantity of oil to one of the European countries, and the agreement that the Iraqi oil falls in it Water percentage and other impurities. When the shipment arrived in the European country, it was found to contain a large amount of water. The western side demanded a fine and paid for the liquidation of the oil, as well as reducing the quantity sold after liquidation. "
"When oil is extracted, it is usual to have a technical defect that needs to be repaired, whether it is in the pipes or the oil wells, and this takes a long time, leading to a reduction in quantities sold," he said.
At the end of his speech, Hazal called for the need to develop at least one sector, to lead Iraq to an economy man who is aware of what he is doing and to make the decision according to the economic logic that is approaching reality. Not all of the country's revenues from crude oil, Public debt does not leave this country, and will eliminate what can be saved for future generations if this arbitrary pattern continues. "
[You must be registered and logged in to see this link.]
» Will foreign investment restore reconstruction in Iraq and reflect on economic development?
» The International Monetary Fund urges African countries to use cryptocurrencies
» The date for completion of the preliminary designs of the second section of the Development Road Pro
» Guidance (correspondent banking, sanctions)
» The President of the Republic announces the completion of the preparation of draft 3 draft laws. Get
» The Federal Court rules to end the work of Kurdistan’s provincial councils
» Al-Sudani to the delegation of Arab lawyers: The government interacts with unions and professional f
» The President of the Republic: Completing the preparation of draft laws for the Supreme Water Counci
» Al-Sudani: Trade unions and professional federations support state institutions and are keen to inte
» The dollar declines against the Iraqi dinar in Baghdad markets
» The Minister of Labor and the Iranian Ambassador discuss preparing a memorandum of understanding for
» Experts: The lack of dams to contain the amounts of rain will lead to it being wasted again
» Economic: $70 million is smuggled daily through the northern ports towards Türkiye
» Badr Parliament mortgages the transformation of Tal Afar into a governorate in exchange for a vote o
» Rights: Kuwait's attempt to blockade Iraq at sea will lead to "battles"
» Al-Maliki: The Central Bank administration failed to contain the dollar crisis
» Iraq recorded a slight increase in the inflation rate during the month of August
» Al-Sudani: The political and constitutional system in Iraq granted the judiciary its complete indepe
» Al-Moussawi: Al-Sudani’s visit to New York opened the door to foreign investment in Iraq
» Economic calls to follow new measures to restore the dollar exchange rate
» The hammer of justice tears up the Khor Abdullah agreement amid calls to return Iraq's maritime lung
» Deputy: The Sudanese government succeeded in reviving half of the stalled projects within 5 months
» By up to 100%...a significant increase in the Central Bank’s external transfers of dollars
» Issuing “treasury bonds” in dollars to finance development
» Iran and Iraq are discussing the implementation of agreements signed in the field of communications
» More than 22 Jordanian companies participate in the Baghdad International Fair
» Cryptocurrency Industry Basics: What is Halving? How does this affect cryptocurrency prices?
» The foreign ministers of Iraq, Jordan and Egypt discuss enhancing tripartite cooperation and common
» News website: The continued closure of the oil export pipeline is harming the economy of the Kurdist
» Observatory: The Central Bank of Iraq undermined the project to use solar panels in homes
» The sewing company decides to distribute cash dividends of 49%
» A decline in Iraq's oil exports to America over the past week
» The central bank sells more than $194 million in currency auction
» Minister of Health: Lagging hospital projects are witnessing an increase in the pace of work and com
» Adviser to the Prime Minister: He directed to refer tourist facilities for investment
» Parliamentary Finance reveals 3 reasons behind the dollar not falling
» The Russian Foreign Minister confirms that his country's companies will remain in Iraq
» Central admission occupies parliament and calls for new controls in education
» Iran praises the Iraqi government's efforts to control the borders
» Introduction to Iraq
» The stagnation of the real estate market in Erbil
» Issuing {treasury bonds} in dollars to finance the {development road}
» The Iraqi Central Bank deposited 250 billion dinars in the region’s bank account
» The Kurdistan Region: Crises afflicting the Kurdish citizen at the expense of the well-being of the
» Al-Rafidain denies stopping granting dollars to travelers in its branches
» Does America have a role in efforts to resume Iraqi oil exports through Türkiye?
» Baghdad deposits 250 billion dinars in the account of the Ministry of Finance of the Kurdistan Regio
» The Khor Abdullah crisis...the repercussions of the Gulf position and Kuwait’s efforts to internatio
» The head of the Kurdistan Regional Government’s representative office in Baghdad receives Ghulam Muh
» Burning gas in Iraq...environmental problems and billions in waste
» News website: The continued closure of the oil export pipeline is harming the economy of the Kurdist
» The dollar crisis may break the framework's back, and the coalition has stopped criticizing Washingt
» The foreign ministers of Iraq, Jordan and Egypt discuss ways of cooperation in several fields
» Parliamentary Finance Committee: The dollar crisis is on its way to a final solution
» Parliamentary Finance: A government movement to solve the dollar crisis
» An Iraqi message to Saudi Arabia...this is its content
» Al-Rafidain issues a notice regarding granting dollars to travelers
» Decrease in dollar exchange rates in Iraq.. Here is the list
» Launching an electronic form for land plot substitution requests for 3 segments. This is the value o
» The winter agricultural plan in Iraq: approximately 7 million dunums, and it will increase in this c
» Defense issues administrative orders to reassign those whose contracts were terminated from this cat
» Members of Parliamentary Finance: The dollar will fall if tax regulation procedures are implemented
» Al-Lami: The general amnesty law will not be passed in the House of Representatives
» Details of an expanded meeting between the Ministry of Oil and Total and Qatar Energy companies
» "International specifications"... Oil announces the imminent operation of the fat refinery in Baiji
» From 12 important days to 100... “temperamental” holidays, Iraq suffers losses, and politicians “fea
» What type of American intervention to resolve the Kurdistan salaries crisis?
» The Minister of Justice participates in the Bar Association’s celebration of the 90th anniversary of
» Adviser to the Prime Minister: The path to development sparked strategic economic programs in Iraq
» Electronic blackmail is worsening in Iraq.. When will the “helplessness” phase end?
» Paris.. Integrity discusses mechanisms for implementing the memorandum of understanding in the fight
» The suffering of long days... “employee mistakes” kill customers and empty their pockets
» “Ready funds and completed plans”... Delayed projects “stay in place” without implementation in Baby
» Kakai: Relations between Erbil and Baghdad are good on the outside but bad on the inside
» Attempts by a number of parliamentarians against sending money to Kurdistan failed
» The United Nations and the International Navy have to invalidate the “Khor Abdullah” agreement.. 174
» Al-Sudani: The government adopted a comprehensive and ambitious reform program
» Happy Birthday Jerry23
» Will foreign investment restore reconstruction in Iraq and reflect on economic development? Al-Mousa
» Observers: Failure to achieve the expected revenues confirms the existence of a serious deficiency i
» There are laws that have been suspended and transferred to subsequent parliamentary sessions for mor
» A deputy identifies the "hot phones" connection in Iraqi state institutions
» Parliamentary Finance: The region received 60% of its budget
» Deputy: Iraq's openness will prompt an influx of Arab and international investments
» A parliamentary move to prosecute those collaborating with Kuwait regarding Khor Abdullah
» Parliamentary calls to change the governor of the Central Bank and hold him responsible for the dete
» Al-Sudani puts dots on America's backbone: Withdraw and do not interfere in Iraqi affairs
» Documents: Iraqi parliamentarians demand the internationalization of the Federal Court’s decision re
» Parliament expected a conditional fall for the dollar to 1,450 dinars in Iraqi markets
» Within a week...more than one billion dollars in sales from the Central Bank of Iraq
» The price of the dollar fell against the dinar in the markets of Baghdad and Erbil
» Al-Sudani: We plan to be a gas exporting country, and it is time for American companies to enter the
» Director of the Prime Minister's Media Office: The Prime Minister presented Iraq's official speech a
» Stop illegal imports and media mouthpieces... belonging to speculators and corrupt people
» "Oil Price" salutes Iraq's global ambitions in the petrochemical sector
» The Minister of Water Resources directs the development of the Ashar and Khandaq rivers in Basra
» The conflict between Iraq and Kuwait fails a ministerial meeting in New York
» The Secretary-General of the United Nations describes Iraq as the bridge between the countries of th