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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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Advisor to the Prime Minister: spending increased by 40 trillion dinars, and external borrowing is r

rocky
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Prime - Advisor to the Prime Minister: spending increased by 40 trillion dinars, and external borrowing is r Empty Advisor to the Prime Minister: spending increased by 40 trillion dinars, and external borrowing is r

Post by rocky Sun 08 Mar 2020, 9:22 am

[size=35][size=35]Advisor to the Prime Minister: spending increased by 40 trillion dinars, and external borrowing is rejected[/size]
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Economie

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08-08-2020 05:36
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[size=18]On Sunday, the financial advisor to the Prime Minister, Mazhar Mohamed Salih, confirmed that spending increased 40 trillion dinars compared to last year, while he indicated that external borrowing to bridge the deficit gap is rejected.


Saleh said in an interview with Alsumaria News, "The crisis that [You must be registered and logged in to see this link.]  is currently going through is severe and not easy, as the price of oil in the draft budget for 2020 put 56 dollars by exporting 3 million and 880 thousand barrels and a deficit of approximately 50 trillion dinars." "Lower oil to less than $ 45 will increase the deficit even more."







Saleh added, "The deficit basically came from the operational budget, as spending increased from 123 trillion dinars to 164 trillion during the budget in 2020 compared to the 2019 budget and by the amount of a difference of more than 40 trillion dinars, which came from many new appointments, as well as those who were returned to service, so these are all expenses. Payable operational ".

Saleh pointed out that "the [url=https://www.alsumaria.tv/Entity/3238106360/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/ar/]Ministry of Finance is[/url] working hard to set the priorities that are salaries, payments and retirement, which are a matter of life and are red lines that cannot be touched since the failures that have become and the financial crisis and the entry of [You must be registered and logged in to see this link.]  during the past years, the salaries remained intact and untouched."
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Saleh pointed out that "the continuation of the decline in oil prices in this way until the end of the year, there will be recession and contraction, and ongoing projects may falter, but there will be priorities, which is financing the salaries of employees, retirees and social welfare in full." Direct or indirect. "

Saleh stressed that "borrowing to fill the gap in the deficit and salaries is unacceptable, neither nationally nor nationally, and will enter [You must be registered and logged in to see this link.]  with a new debt cycle. Therefore, issues should be restructured, stop the exchange of some, and prioritize some things."

It is noteworthy that the outbreak of Corona virus in [You must be registered and logged in to see this link.]  which is the second largest economy in the world after [You must be registered and logged in to see this link.]  and its spread in most of the countries of the world, led to a significant drop in oil prices, which created a deficit in the [You must be registered and logged in to see this link.]  budget[You must be registered and logged in to see this link.]  The public, which depends 90% on revenues from oil exports


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