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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


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    British report: Iraq is unable to finance its projects for the next three years

    Rocky
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    • Post n°1

    British report: Iraq is unable to finance its projects for the next three years Empty British report: Iraq is unable to finance its projects for the next three years

    Post by Rocky Thu 30 Jan 2014, 6:15 am

    British report: Iraq is unable to finance its projects for the next three years



    Editor Safaa Abdel Hamid - Thursday January 30, 2014




    Alsumaria News / Baghdad
    confirmed the British report, on Thursday, the inability of Iraq to finance its projects during the next three years, noting that it would be pressed in the future to the formation of new regions announced a split from the center. , said the report released by the International Center for Development Studies, based in the British capital London "The Iraqi government will be unable to finance their projects or to fulfill its obligations within the next three years, as a result of the inability of Iraq to provide sources of income other than oil to finance its budget public, as well as increased government spending by up to 60%", pointing out that "deficit ratio would be great to the extent that it threatens to halt a number of projects in different parts of the country." the report added that "the general budget for the current year, amounting to 150.1 billion dollars is no different from its predecessors, only that it was characterized by an increase of the deficit by 18 billion dollars, compared with 16.7 in 2013 at a rate of 12% of the overall budget, "noting that" the budget year 2104 depends on oil revenues by more than 95% and the form in which they affect the price and volatility of the global market to finance the expenses of that budget. " and stressed that, "in spite of Iraq sought to increase its production oil for more than 4.7 million barrels per day until 2015, but the oversupply in the global markets with a strong return for Iranian oil and increase the production of oil shale in the United States and slow growth of the Chinese economy are all factors began to push the price of Brent crude, which could fall over the next year in 2015 to about $ 100 a barrel. " the report pointed out that "the outstanding issues between Baghdad and the province regarding the dues of companies and balancing the guards of the region is an obstacle to capitalize on the budget from oil exports to the region, amounting to 400 000 barrels per day," pointing out that "the Iraqi government demanded by obtaining revenue for the full quantity exported while insisting Erbil that exports did not exceed 255 thousand barrels per day. " and the report noted that "the general budget in Iraq is suffering from a significant rise in public spending, especially since the large increases occurred due to pay retirement and increasing the minimum wage and install contract employees and pay compensation rain and floods and student grants and other expenses which carried this year's budget burden is too large, "stressing that" Iraq needs to support dramatically improve the reality of the infrastructure for oil and gas sector at a time by which the Iraqi government's intention to increase its oil exports, but exports The actual last year 2013 amounted to 872.3 million barrels, an average of 2.39 million barrels per day, compared with the average daily production of 2.42 million barrels per day during the year "2012. report pointed out that "Iraq needs to spend nearly a trillion dollars over the next ten years to develop its sector oil and a number of strategic projects, most notably the housing industry, but that this figure seems far-fetched, especially in light of the difficult conditions to attract foreign investment and lack of flexibility of the economic system and the failure of the banking environment in Iraq, "stressing that" Iraq in the absence of its success in reducing the expenses of government and reform his regime Economic and institutions that suffer from red tape and bureaucracy, and financial and administrative corruption as well as to diversify sources of income and find quick solutions to provide security and stability, it could pressure future for the formation of new regions announced a split from the center raises questions about the future of Iraq as an oil and a strong economy. " The Iraqi Oil Ministry has revealed, last Sunday, that next year's budget in 2014 requiring the export of three million and 400 000 barrels per day, and at the time, who confirmed that the province has pledged to provide 400 thousand barrels per day, pointed out that the oil companies operating in the oil fields within the licensing rounds has programs to increases in production. revealed the Ministry of Planning in September 28 last that the budget if it did not change in the corridors of the Iraqi Council of Representatives, it will include the presence of 132 000 degrees and careers, including 72 000 degrees for the owners of the contracts and 60 000 new degree. ratified the Council of Ministers, in (23 October 2012), on the budget in 2013 worth 138 trillion Iraqi dinars on the basis of calculating the price of a barrel of oil at $ 90 per barrel and the amount of 2.0009 million barrels a day.


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    mbryan
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    • Post n°2

    British report: Iraq is unable to finance its projects for the next three years Empty Re: British report: Iraq is unable to finance its projects for the next three years

    Post by mbryan Sat 01 Feb 2014, 8:35 am

    The Iraqi government will be unable to finance their projects or to fulfill its obligations within the next three years, as a result of the inability of Iraq to provide sources of income other than oil to finance its budget public, as well as increased government spending by up to 60%", pointing out that "deficit ratio would be great to the extent that it threatens to halt a number of projects in different parts of the country." the report added that "the general budget for the current year, amounting to 150.1 billion dollars is no different from its predecessors, only that it was characterized by an increase of the deficit by 18 billion dollars, compared with 16.7 in 2013 at a rate of 12% of the overall budget, "noting that" the budget year 2104 depends on oil revenues by more than 95% and the form in which they affect the price and volatility of the global market to finance the expenses of that budget. " and stressed that, "in spite of Iraq sought to increase its production oil for more than 4.7 million barrels per day until 2015, but the oversupply in the global markets with a strong return for Iranian oil and increase the production of oil shale in the United States and slow growth of the Chinese economy are all factors began to push the price of Brent crude, which could fall over the next year in 2015 to about $ 100 a barrel. Sounds like o policies are there also lol 
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