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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2019


Economist: The budget deficit will be very large and can only be overcome by three things

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 188836
Thanked : 12015
Join date : 2012-12-21

Economist: The budget deficit will be very large and can only be overcome by three things Empty Economist: The budget deficit will be very large and can only be overcome by three things

Post by rocky on Mon 24 Feb 2020, 7:59 am

Economist: The budget deficit will be very large and can only be overcome by three things

[You must be registered and logged in to see this image.]
  
{Baghdad: Al Furat News} Economic expert Majid Al-Suri said today, Monday, that the deficit in the 2020 budget will be very large, according to indicators, indicating that the deficit can only be overcome by three things.
"The budget will be agreed upon if the new government is passed and if it is not passed and the delay in it, its fate will be the same as the fate of the 2014 budget," Al-Suri told Al-Furat News.
He added: "Until now, the budget has not been published, but the statements made by various authorities indicate that the deficit will exceed 48 to 50 trillion dinars, and this figure is in violation of the Financial Management Law, which says that the deficit should not exceed 3 percent of the gross domestic product, and if we calculate the outcome The total is based on fixed prices, the deficit will be in the range of 6 trillion dinars, and if we calculate it at the expense of current prices, it will be 7 and a half trillion dollars. "
He continued, "The deficit is very large and can be overcome only through three axes. Either reduce operating expenses to a very large degree, especially the item of allocations and benefits, or resort to taxes. This is also a very big burden on the Iraqi people, or external borrowing, and this also bears the weight of future generations. ". is over
Mohammed Al-Marsoumi


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

Posts : 1722
Thanked : 1397
Join date : 2012-12-21

Economist: The budget deficit will be very large and can only be overcome by three things Empty Re: Economist: The budget deficit will be very large and can only be overcome by three things

Post by Proven on Mon 24 Feb 2020, 8:59 am

Thanks Rocky.

This economist does not understand that the deficit has been addressed through past unspent funds and off budget trust financing:


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

Posts : 3417
Thanked : 954
Join date : 2012-12-19

Economist: The budget deficit will be very large and can only be overcome by three things Empty Re: Economist: The budget deficit will be very large and can only be overcome by three things

Post by Screwball on Tue 25 Feb 2020, 2:06 am

The only way to address is to revalue and adjust the books

Sponsored content

Economist: The budget deficit will be very large and can only be overcome by three things Empty Re: Economist: The budget deficit will be very large and can only be overcome by three things

Post by Sponsored content


    Current date/time is Wed 03 Jun 2020, 5:10 am