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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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    Arab Monetary Fund stresses the importance of reducing dependence on oil revenues

    Rocky
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    • Post n°1

    Arab Monetary Fund stresses the importance of reducing dependence on oil revenues Empty Arab Monetary Fund stresses the importance of reducing dependence on oil revenues

    Post by Rocky Mon 04 Mar 2019, 3:55 am


    Arab Monetary Fund stresses the importance of reducing dependence on oil revenues

    10:31 - 04/03/2019



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    Oil

    Information / Baghdad ..
    The Director General of the Arab Monetary Fund Abdul Rahman Abdullah Al-Humaidi stressed the importance of the role played by government finance and fiscal policy in economic activity in general and in the Arab economies in particular.
    "This importance underscores the importance of the public sector in our Arab economies and to the importance of the public sector," Al-Humaidi said in a speech at the opening of a session on "Analysis of Public Finance Policy" to be held in Abu Dhabi and organized by the Institute for Economic Policies of the Arab Monetary Fund in cooperation with the IMF's Center for Economics and Finance in the Middle East. The nature of non-tax revenues, especially oil revenues, which flow into the state treasury and constitute an important part of its budget. "
    "In order to avoid the adverse effects of fluctuations in oil prices, there is an urgent need to adopt prudent policies to deal with developments, thus reducing reliance on oil revenues and finding sources of revenue such as developing and activating tax systems and diversifying sources of income through the development of other productive sectors, Arab oil exporting countries. " He continued: "We must work to rationalize public spending and focus on investment spending and capital, which will contribute to the development of the real economy of countries and reduce inflationary pressures."
    He stressed that "the role of government financial in the macro-economic beyond the fiscal policy to include matters related to public debt and reform of taxes and spending and public sector companies," pointing out that "high spending rates compared to limited income and volatility may lead to high levels of public debt."
    He stressed the need to "adopt a sound public debt management policy with a view to reducing its burdens and keeping it within reasonable limits, reforming the tax system to increase its revenues and adopting a policy of reforming growing expenses such as the state pension and health care system."Ending / 25

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