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Neno's Place Established in 2006 as a Community of Reality


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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


    International Monetary Fund: Saudi budget recorded a deficit of 7%

    Rocky
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    • Post n°1

    International Monetary Fund: Saudi budget recorded a deficit of 7% Empty International Monetary Fund: Saudi budget recorded a deficit of 7%

    Post by Rocky Thu 16 May 2019, 6:06 am


    International Monetary Fund: Saudi budget recorded a deficit of 7%

    13:56 - 16/05/2019



    International Monetary Fund: Saudi budget recorded a deficit of 7% %D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-696x435
    Information / Baghdad ..
    The International Monetary Fund said on Thursday that rising public spending would push the Saudi budget deficit to 7 percent of GDP this year, well above government estimates.
    The IMF said in a statement after a visit by its team of experts to Saudi Arabia that its estimates are based on the assumption that the average oil production of Saudi Arabia 10.2 million barrels per day and the average price of oil $ 65.5 per barrel in 2019, indicating that the budget deficit of 5.9 percent in 2018.
    The Saudi government expects a budget deficit of 4.2 percent of GDP this year.
    The VAT has been applied "very successfully," the IMF said, but the Saudi government should consider raising the tax rate of 5 percent, which is low compared to international standards, in consultation with other Gulf governments.
    Reducing the government wage bill and focusing on systematically increasing capital expenditure and channeling social benefits more accurately to eligible groups would all result in savings in public finances. Ending / 25


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