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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Expert: China agreement will cut operating budget

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 266471
    Join date : 2012-12-21

    Expert: China agreement will cut operating budget Empty Expert: China agreement will cut operating budget

    Post by Rocky Fri 24 Jan 2020, 1:51 am


    Expert: China agreement will cut operating budget

    10:15 - 01/24/2020



    [You must be registered and logged in to see this link.]
    Information / private ..
    Economist Saleh Al-Hammash said on Friday that the Chinese agreement will reduce the operating budget more than investment, noting that the percentage of the budget deficit will also decrease due to two factors.
    "The Chinese agreement did not fall within the investment budget, as it deals with source oil, especially since China imports 850,000 barrels and cuts 100,000 from them to finance the agreement projects concluded between the two countries," Al-Hamash said in a statement to "The Information."
    He added that "some ministries have projects, and an investment budget has been allocated to them to complete these projects. Therefore, this budget can be reduced in the solution of implementing projects according to the Chinese agreement."
    And that "most of the investment budget goes to oil companies," pointing out that "the Chinese agreement will serve and reduce the operational budget more than investment."
    He explained that "the operating budget constitutes 75% of the budget, and if projects are completed according to the Chinese agreement, then there will be revenues that will enter ministries and reduce their operating budget."
    He pointed out that "the budget deficit will decrease after the implementation of the Chinese agreement as a result of the decrease in the operating budget, in addition to that the oil prices are higher than what is decided in the budget and the price difference will fill a large percentage of the deficit to reach at the end of the year to 10 trillion instead of 48." 25 n ended


    [You must be registered and logged in to see this link.]

      Current date/time is Mon 18 Mar 2024, 9:37 pm