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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


    Finance: No supplementary budget this year .. and reveal the remaining deficit of 2019

    Rocky
    Rocky
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    Finance: No supplementary budget this year .. and reveal the remaining deficit of 2019 Empty Finance: No supplementary budget this year .. and reveal the remaining deficit of 2019

    Post by Rocky Tue 07 May 2019, 1:43 am

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    Finance: No supplementary budget this year .. and reveal the remaining deficit of 2019

    [/rtl]
    [rtl]Editorial date: 2019/5/7 8:51 • 252 times read[/rtl]
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    {Baghdad: Al-Furat News} ruled out the Ministry of Finance prepared a supplementary budget for the current year 2019.
    Undersecretary of the Ministry Maher Hammad Johan said in a press statement: "There is no intention of the government and the Ministry to prepare a supplementary budget for the current year, because the federal budget mainly suffer from a deficit of up to 30 trillion dinars, and therefore the preparation of the supplementary budget can not be achieved only with the availability of financial and the absence of deficit in the federal budget "He said. 
    He added that "despite the rise in world oil prices, but that did not contribute only to fill the third of the budget deficit, or nearly ten trillion dinars, as Iraq sold its oil to global markets at the price of {65 - 66} dollars per barrel against the budget price of $ 56, Therefore, the size of the remaining deficit of the budget, amounting to 20 trillion dinars and the ministry is working on several taboos. "
    "The revenues of the federal budget amounted to 105 trillion and 569 billion and 686 million and 870 thousand dinars, through the calculation of revenues from the export of crude oil on the basis of the rate of $ 56 per barrel, and the rate of export of three million and 880 thousand barrels per day, including 250 thousand Barrels per day on the quantities of crude oil produced in the Kurdistan region on the basis of the exchange rate of 1182 dinars per dollar, and the restriction of all revenue, a final revenue for the Treasury actually achieved the general state 
    The Abizaid, "The total deficit planned for the federal budget for the fiscal year amounted to 27 trl Yuna and 537 billion and 929 million and 542 thousand dinars, and this deficit is covered by the abundance of the increase in selling prices of crude oil source, or increase crude oil exports, or internal and external borrowing, except for loans financed by foreign projects.
    "The budget law to fill the deficit, authorized the Federal Minister of Finance or his authorized to fill the actual deficit by issuing treasury transfers, or national bonds to the public, or bonds and remittances of government banks with the Iraqi Central Bank, or recourse to loans from commercial banks "He said. 
    "The deficit is also made by borrowing from the pension fund, or by using the extra revolving balance instead of new external borrowing to finance the deficit. All loans, foreign bonds and funded projects are exempt from taxes and customs duties in accordance with the provisions of the loan agreements. Who is entitled to continue to borrow from abroad to finance development projects after the approval of the Council of Ministers approved loans in previous years. "


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    Rocky
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    Finance: No supplementary budget this year .. and reveal the remaining deficit of 2019 Empty Ministry of Finance: high oil prices contributed to fill one-third of the federal budget deficit

    Post by Rocky Tue 07 May 2019, 1:54 am

    Ministry of Finance: high oil prices contributed to fill one-third of the federal budget deficit

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    The Ministry of Finance Undersecretary, Maher Hammad Johan, on Tuesday, the ministry prepared a supplementary budget for the current year, noting that the rise in world oil prices has contributed only to fill one-third of the deficit in the federal budget.
    "There is no intention of the government and the ministry to prepare a supplementary budget for the current year, because the federal budget mainly suffers from a deficit of up to 30 trillion dinars, and therefore the preparation of the supplementary budget can not be achieved," said Johan in an interview with the official newspaper "Sabah". With financial abundance and the absence of deficits in the federal budget. "
    "Despite the rise in world oil prices, this has only contributed to blocking one-third of the deficit in the budget, or nearly ten trillion dinars, as Iraq sold its oil to world markets at a price (65 - 66) dollars per barrel against the budget price of 56 Dollar, and therefore the size of the remaining deficit of the budget, amounting to 20 trillion dinars and the ministry is working on several taboos. "
    "The revenues of the federal budget amounted to 105 trillion and 569 billion and 686 million and 870 thousand dinars, through the calculation of revenues from the export of crude oil on the basis of the rate of $ 56 per barrel, and the rate of export of three million and 880 thousand barrels per day, including 250 thousand Barrels per day on the quantities of crude oil produced in the Kurdistan region on the basis of the exchange rate of 1182 dinars per dollar, and the restriction of all revenue, a final revenue for the Treasury actually realized the general state.
    He explained that "the total deficit planned for the federal budget for the fiscal year amounted to 27 trillion and 537 billion and 929 million and 542 thousand dinars, and this deficit is covered by the abundance of the increase in selling prices of crude oil source, or increase exports of crude oil, or domestic and external borrowing, Funded by foreign sources for projects, "noting that" the budget law and to fill the deficit, has authorized the Federal Minister of Finance or authorized to fill the actual deficit by issuing treasury transfers, or national bonds to the public, or bonds and remittances of government banks are deducted with the Central Bank Iraqi, or recourse to loans from commercial banks. "
    "The deficit is also done by borrowing from the pension fund, or by using the extra revolving credit instead of new external borrowing to finance the deficit," Johann said. "All loans, foreign bonds and funded projects are exempt from taxes and customs duties in accordance with the provisions of the loan agreements, Or authorized to continue to borrow from abroad to finance development projects after the approval of the Council of Ministers approved loans in previous years.

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    Rocky
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    Finance: No supplementary budget this year .. and reveal the remaining deficit of 2019 Empty Finance: No supplementary budget this year .. and reveal the remaining deficit of 2019

    Post by Rocky Tue 07 May 2019, 2:09 am

    Finance: No supplementary budget this year .. and reveal the remaining deficit of 2019

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    Undersecretary of the Ministry of [You must be registered and logged in to see this link.] Maher Hammad Johan, said on Tuesday that there is no intention of the government and the Ministry to prepare a supplementary budget for the current year, because the federal budget mainly suffer from a deficit of up to 30 trillion dinars, and therefore the preparation of the supplementary budget can not be achieved only in the presence of financial abundance and lack of deficit In the federal budget. 
    He added that despite the rise in world [You must be registered and logged in to see this link.] prices , but this has only contributed to the closure of one third of the budget deficit, or nearly ten trillion dinars, as [You must be registered and logged in to see this link.] sold [You must be registered and logged in to see this link.] oil markets to the world price (65 - 66) dollars a barrel against the budget price of $ 56 , And therefore the size of the remaining deficit of the budget, amounting to 20 trillion dinars and the ministry is working on several taboos. "
    "The revenues of the federal budget amounted to 105 trillion and 569 billion and 686 million and 870 thousand dinars, through the calculation of revenues from the export [You must be registered and logged in to see this link.] crude [You must be registered and logged in to see this link.] on the basis of the rate of $ 56 per barrel, and the rate of export of three million and 880 thousand barrels per day, including 250 thousand Barrels per day on the quantities [You must be registered and logged in to see this link.] crude [You must be registered and logged in to see this link.] produced in the Kurdistan region on the basis of the exchange rate of 1182 dinars per dollar, and the restriction of all revenue, a final revenue for the Treasury actually realized the general state. 
    He explained that "the total deficit planned for the federal budget for the [You must be registered and logged in to see this link.] year amounted to 27 trillion and 537 billion and 929 million and 542 thousand dinars, and this deficit is covered by the abundance of the increase in selling prices of crude [You must be registered and logged in to see this link.] source, or increase [You must be registered and logged in to see this link.] exports[You must be registered and logged in to see this link.]"The budget law and the deficit, authorized the Federal Minister of [You must be registered and logged in to see this link.] or his authorized to fill the actual deficit by issuing treasury transfers or national bonds to the public, or bonds and remittances, For government banks to be deducted from the Central Bank of Iraq, or recourse to loans from commercial banks. 
    He said Johan, that the "plug is also borrow from the pension fund, or the use of Medawar extra balance instead of the new external borrowing to finance the deficit, and all foreign loans and bonds and funded projects are exempt from taxes and customs duties in accordance with the provisions contained in the loan agreements, and authorize the Minister of [You must be registered and logged in to see this link.]Federal or authorized to continue to borrow from abroad to finance development projects after the approval of the Council of Ministers approved loans in previous years. 




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