Home
Warnings of Iraq exposed to economic shocks due to oil prices
01/14/2014
BAGHDAD / JD / .. Warned a member of the Iraqi parliament MP for the coalition of Kurdish blocs Sheriff Soliman, the probability of the occurrence of significant economic shocks in the country in the event of the continuation of the state based on the total oil revenues that fluctuate their prices.
He said Suleiman told / JD /: to stop the productive sectors of the country Kalzeraih and industry have made the Iraqi economy is weak and vulnerable to shocks of the global economic, being dependent and by (95%) on oil sales, which means that he is affected by fluctuations in oil prices in global markets, which gives a negative indicator of the development process Despite the huge financial budget of the country.
He added that the Iraqi government should have to adopt an economic plan strategy monitors have enough money check which sustainable development in various productive sectors, to diversify state revenues and reduce the drain on providing jobs for the unemployed, and the reduction of poverty rates in the country.
According to the estimate of imports in the budget in 2013, the form of oil of which 93%, while the estimated income tax foreign oil companies 0.25.
According to the budget in 2013, obtained by the agency / JD / that 93 percent of Iraq's revenues come from oil, while the remaining ones, it depends from taxes.
The following Iraq's imports figures.
Max tax 0.29
Taxes and other charges 2.19
Fees for services 0.14
Movable bodies and public companies state-owned 2.36
Interest Income 0.04
Income Tax Employees 0.27
Income tax foreign oil companies 0.25
Corporate income tax 0.31
Income tax of individuals 0.15
Tax contained Alkmarki 0.89
Oil revenues 93.11. / End / 8 /
[You must be registered and logged in to see this link.]
01/14/2014
BAGHDAD / JD / .. Warned a member of the Iraqi parliament MP for the coalition of Kurdish blocs Sheriff Soliman, the probability of the occurrence of significant economic shocks in the country in the event of the continuation of the state based on the total oil revenues that fluctuate their prices.
He said Suleiman told / JD /: to stop the productive sectors of the country Kalzeraih and industry have made the Iraqi economy is weak and vulnerable to shocks of the global economic, being dependent and by (95%) on oil sales, which means that he is affected by fluctuations in oil prices in global markets, which gives a negative indicator of the development process Despite the huge financial budget of the country.
He added that the Iraqi government should have to adopt an economic plan strategy monitors have enough money check which sustainable development in various productive sectors, to diversify state revenues and reduce the drain on providing jobs for the unemployed, and the reduction of poverty rates in the country.
According to the estimate of imports in the budget in 2013, the form of oil of which 93%, while the estimated income tax foreign oil companies 0.25.
According to the budget in 2013, obtained by the agency / JD / that 93 percent of Iraq's revenues come from oil, while the remaining ones, it depends from taxes.
The following Iraq's imports figures.
Max tax 0.29
Taxes and other charges 2.19
Fees for services 0.14
Movable bodies and public companies state-owned 2.36
Interest Income 0.04
Income Tax Employees 0.27
Income tax foreign oil companies 0.25
Corporate income tax 0.31
Income tax of individuals 0.15
Tax contained Alkmarki 0.89
Oil revenues 93.11. / End / 8 /
[You must be registered and logged in to see this link.]
» Urgent | Including increasing the number of branches.. Al-Sudani issues 6 directives to develop the
» Al-Alaq describes the parallel dollar as “abnormal”: There is great stability in prices
» utube 11/8/24 MM&C MM&C -Iraq Dinar-International Stability-Financial System-IMF-Art
» utube 11/5/24 MM&C MM&C News Report-ICC-Investors-RIYADA BANK-Port of Faw-3 Presidents Seated-Removi
» Foreign Ministry: Iraqi-Saudi Coordination Council to convene in Baghdad next month
» Travelers demand cancellation of electronic reservations by government banks in selling them dollars
» Al-Sudani directs to increase bank branches to expand financial services and modernize buildings in
» Census Without Nationalities: An Attempt to Write a New Narrative of Iraq’s Unity
» Diplomatic Embrace or the Specter of Sanctions: Iraq Sways in Positions towards Trump
» The National: The British Army Returns to Iraq Under New Pretext
» Zidane and Al-Mandlawi discuss the issue of approving laws related to the work of the judiciary
» MP: The ministerial change is not linked to a specific component or party
» For these reasons, Al-Mashhadani came to power as Speaker of Parliament.
» Al-Kroui to Al-Maalouma: 4 oil and gas fields on the table of the upcoming licensing rounds
» Raouf: The region needs more time to form the new government
» Al-Sudani issues 6 directives to increase financial inclusion and raise its indicators in all govern
» Kurdistan Men's Union Diagnoses Danger Threatening Society's "Collapse" and Proposes Polygamy
» Anbar explains details of the Western Desert irrigation project and sets its opening date
» Large ships at the five berths of Al-Faw Port
» Al-Marsoumi: Faw Port and Development Road will generate revenues worth 6 trillion dinars in 2038
» Nearly half of Iraq's factories are "stopped"... moves to rescue them
» Gulf central banks follow the Federal Reserve and cut interest rates
» Iraqis are the most likely to buy real estate in Jordan in 2024
» Iranian-Sudanese agreement to expand economic and trade cooperation
» Completion of 670 schools in all Iraqi governorates
» Al-Sudani's advisor: We have put in place a mechanism to provide loans to these groups
» A set of recommendations from Al-Sudani to reform the financial and banking system in Iraq
» A dialogue seminar in Basra discusses the anti-torture file and fair trial mechanisms
» The conclusion of the Ninth International Scientific Conference of the College of Veterinary Medicin
» Minister of Interior from Amman: The government has launched a major campaign to improve the service
» Al-Bujari: The Grand Faw Port Project is an opportunity to do justice to graduates of maritime speci
» Al-Sudani announces a package of new banking directives to enhance financial inclusion in the govern
» Iraqi oil returns to gains as Iran-Israel tensions escalate
» Next week... Parliament is close to resolving the controversial laws
» Zidane discusses with Mandalawi and Maliki cooperation between the judicial and legislative authorit
» Al-Atwani to Al-Maliki: We have embarked on a new philosophy for managing the financial sector based
» Al-Sudani issues a set of recommendations to reform the financial and banking system in Iraq
» Iraq's Maritime Future.. Everything You Need to Know About Faw Port and Completion Rates (Video)
» Trump poses a threat to Iraq's budget
» A detailed explanation of the implications of Trump’s victory on Iraqi oil policy
» Minister of Interior inaugurates the unified card system at the Iraqi Consulate in Jordan
» Iraqi Parliament extends its legislative term until the ninth of next month
» Parliamentary Services: We will hold accountable those responsible for the failure in the sewage dep
» Urgent demands to withdraw US forces and warning against Washington's procrastination
» Why did Qatar enter the Total project: A report criticizes China’s “colonial entry” into Iraq
» Parliamentary movement to pass 5 “important” laws
» Iraqi congratulations and divided positions.. What after Trump's victory?
» Parliament Presidency decides to extend legislative session for 30 days
» Government Media Announces Completion of 670 Model Schools in All Governorates
» More than 10 billion dinars.. Sulaymaniyah and Halabja imports in a week
» Parliamentarian reveals reasons behind the phenomenon of "loose weapons" and details of the state ad
» "Everything Above Ground"... What does the population census include?
» Increasing complaints and slow processing of transactions.. Demands for the necessity of replacing t
» Can Iraq prosecute Trump using old arrest warrant?
» Calls to revive 35,000 idle factories
» utube 11/2/24 MM&C Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operati
» With the document.. Cancellation of the suspension of the agricultural plan in the Iraqi "breadbaske
» Economist criticizes government's neglect of tourism, agriculture and dependence on oil
» Al-Sudani: The development path will be an artery linking most countries in the region
» Parliamentary bloc: Popular Mobilization Forces retirement law ready for voting
» Al-Kadhimi: Financial costs and government insistence will force Americans to withdraw militarily
» Parliamentary Committee Rejects Inclusion of Public Money Thieves in Amnesty Decision
» Al-Mashhadani directs to resolve differences over draft laws before submitting them to Parliament
» Emaar: Launching the housing loan application form in early 2025
» Parliamentary Health: The environment needs 2.6 billion dinars to operate air purification stations
» Al-Sudani: We faced major challenges in implementing the “Greater Iraq” project
» Iraqi Ports reveals in numbers the percentage of completion in the Grand Faw Port projects
» More than $300 million.. Central Bank sales increase in today's auction
» Faw Port prepares to receive the first commercial ship
» Service Effort of {Sabah}: Completing all projects with high implementation rates before the end of
» Government agency for digital transformation
» Parliamentary Committee: Final version of the National Day Law
» Al-Imar to {Sabah}: Launching the housing loan application form at the beginning of 2025
» Iraq looks forward to a new phase after Trump's victory
» Training workshops to help the unemployed in Kirkuk
» Nineveh to open oncology hospital in early 2025
» Service Effort: Completion of all projects that exceeded 80% completion rates.
» Parliamentary Health: The environment needs 2.6 billion dinars to operate air purification stations
» Transportation: 20 public transport lines to be launched this month
» Al-Emaar to {Al-Sabah}: Launching the housing loan application form in early 2025
» The most prominent achievements of Al-Sudani's government in the youth care and sports sector files
» Planning: The percentage of women in the workforce does not exceed 13 percent
» Baghdad is the capital of Arab tourism
» Al-Sudani: The Grand Faw Port is Iraq's largest project
» Parliamentary Foreign Affairs Committee to NINA: This is what is delaying the selection of the list
» Parliamentary lawsuit to challenge the contract with the International Finance Corporation
» Minister of Justice issues directive regarding foreign lawsuits file
» How will Trump's victory affect Iraq?
» State Administration Coalition holds meeting with Al-Sudani and Al-Mashhadani in attendance
» Formation of the regional government.. How much influence does the new US administration have on the
» Al-Sudani announces the receipt of the five berths that represent the backbone of Al-Faw Port
» Despite its global rise... Iraqi oil returns to the red zone
» Iraq Counts on the Grand Faw Port, and an Expert Says: It Will Change the Economy - Urgent
» Rafidain Bank expands comprehensive banking system to include 48 branches
» "The reference" indicates the seriousness of the situation... and the political forces "shuffle the
» Criminal wanted by Iraqi judiciary.. Rashid and Al-Sudani’s congratulations to Trump spark widesprea
» State Administration Coalition holds meeting with Al-Sudani and Al-Mashhadani in attendance
» Parliamentary Security and Defense: There are “fake” security companies run by “suspicious” figures