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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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The appearance of Muhammad Salih: The financial situation of Iraq is currently under warning

rocky
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The appearance of Muhammad Salih: The financial situation of Iraq is currently under warning Empty The appearance of Muhammad Salih: The financial situation of Iraq is currently under warning

Post by rocky Fri 20 Mar 2020, 2:32 am

[size=36]The appearance of Muhammad Salih: The financial situation of Iraq is currently under warning[/size]

Economy | 10:38 - 19/03/2020

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Baghdad - Mawazine News 
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Thursday, that the financial situation of Iraq is currently under warning.
Saleh said in a statement to the Iraqi News Agency (conscious) and his follower / Mawazine News /, "The government is closely monitoring the situation in two directions: The first is by setting core priorities for government expenditures, especially the groups that receive monthly government income and number approximately 8 million people, such as employees, retirees and those covered by care. Social and financial grants provided to some of the suspended government companies.
He added that "trying to avoid expenditures is not important at the present time and stop them immediately until the oil markets return to their normal conditions, while working to maximize non-oil resources and with broader interest, such as customs revenues."
is over
M hn


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The appearance of Muhammad Salih: The financial situation of Iraq is currently under warning Empty Abdul Mahdi's advisor explains about the financial situation of Iraq NRT Arabia

Post by rocky Fri 20 Mar 2020, 3:31 am

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The appearance of Muhammad Salih: The financial situation of Iraq is currently under warning Empty Economist: Iraq is on the verge of catastrophe and must announce "financial emergency"

Post by rocky Fri 20 Mar 2020, 8:37 am

Economist: Iraq is on the verge of catastrophe and must announce "financial emergency"

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Economist [url=https://www.thebaghdadpost.com/ar/Story/t/100474/%D8%B5%D9%81%D9%88%D8%A7%D9%86 %D9%82%D8%B5%D9%8A]Safwan Qusai[/url] stressed the importance of pressuring Iraqi oil policy towards an urgent meeting of OPEC in order to restore the price balance of world oil, warning of [You must be registered and logged in to see this link.] economic [You must be registered and logged in to see this link.] that might [You must be registered and logged in to see this link.] country due to the decline in oil prices.

He said in a press statement: "The price of Brent oil now is 26.9 dollars, meaning that [You must be registered and logged in to see this link.] currently selling its oil for about 20 dollars, so Iraqi oil policy must press towards an urgent meeting to restore the price balance of global oil." 

Qusai added: "We must think about stopping the sale, because the price is low and it is a waste of public money and the right of future generations." He called on the Ministry of Finance and its supporters to declare a [url=https://www.thebaghdadpost.com/ar/Story/t/145383/%D8%A7%D9%84%D8%B7%D9%88%D8%A7%D8%B1%D8%A6 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9]financial emergency to[/url] face this situation in all its details and find possible solutions as soon as possible.




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The appearance of Muhammad Salih: The financial situation of Iraq is currently under warning Empty Governmental advisor: The financial situation of Iraq is currently under warning

Post by rocky Fri 20 Mar 2020, 8:54 am

Governmental advisor: The financial situation of Iraq is currently under warning
by [You must be registered and logged in to see this link.][You must be registered and logged in to see this link.]1 Hour ago
[You must be registered and logged in to see this image.]Mazhar Muhammad Salih, the financial advisor to the Prime Minister, said that the financial situation of Iraq is currently under warning.
Saleh stated in a statement that the government is closely monitoring the situation, by setting core priorities for government expenditures, especially groups that receive a monthly government income of approximately eight million people, such as employees, retirees, those covered by social welfare, and financial grants provided to some of the suspended government companies.
He added, that the government is trying to avoid expenditures that are not important at the present time and to stop them immediately until the oil markets return to normal conditions, while working to maximize non-oil resources and with broader interest, such as customs revenues.


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The appearance of Muhammad Salih: The financial situation of Iraq is currently under warning Empty Iraq is on the brink of financial disaster ... the loss of "oil" threatens the salaries of employees

Post by rocky Fri 20 Mar 2020, 8:57 am

Iraq is on the brink of financial disaster ... the loss of "oil" threatens the salaries of employees
[You must be registered and logged in to see this image.]Iraq relies on oil to secure employee salaries - expressive - internet





Stand [You must be registered and logged in to see this link.] on the brink of financial disaster may pay to the austerity measures and re - renew [You must be registered and logged in to see this link.] popular anti-government, especially with the continued decline in crude oil prices and political problems on the new government and the spread of "Corona" virus.


Observers of Iraqi affairs see that Iraqi officials are strangely optimistic, which experts describe as a "denial" case, given that the expected collapse of [You must be registered and logged in to see this link.] prices will cost Iraq two-thirds of its net income this year.


In the context, the head of the International Energy Agency, Fatih Birol, said that "Iraq, whose oil revenues constitute more than / 90 / percent of its revenues, will face enormous economic pressures."


Birol pointed out that «in the current crisis, Iraq will suffer to exceed oil revenues of 2.5 billion dollars per month», calling on officials to find «urgent solutions».


Brent crude prices fell this week to / 26 / dollars per barrel, which is the lowest level since 2003, in the aftermath of global oil demand being affected by the outbreak of the " [You must be registered and logged in to see this link.] " virus and the price war between the major producers Saudi Arabia and Russia.


In contrast, Iraq adopted in its draft budget for the year 2020 on an expected price of $ 56 a barrel, and with lower prices, Iraq’s net income will decrease by 65 percent this year, compared to last year.


This will cause a monthly deficit of / 4 / billion dollars allocated only to pay salaries and maintain the continuity of the work of the [You must be registered and logged in to see this link.] .


The French Press Agency quoted Iraqi officials as saying that "the ministries of finance and oil, the Iraqi Central Bank and state-owned banks are looking at ways to reduce costs and find financing."


It is noteworthy that the central bank allocated more than / 75 / percent of it for salaries and other costs, with the remainder being spent on capital investments.


The Iraqi government employs about four million Iraqis, pays three million of them, and social welfare for a million employees.


Although Iraq faced a collapse in oil prices in 2014 and 2016, it did not witness the current significant decline in global demand, especially from China affected by the Corona virus, which is the main importer from Iraq.


And oil prices have been witnessing, for more than ten days, a sharp drop in prices that ranged between / 20 / / 30 / percent, while oil futures fell more than / 20 / percent.


This came after [You must be registered and logged in to see this link.] reduced the official price for selling its crude oil, while experts expected that the recent decline marks the beginning of a "price war" after the failure of "OPEC" talks with [You must be registered and logged in to see this link.] to reach an agreement on reducing production.


Saudi Arabia, the world's largest oil exporter, is seeking to punish [You must be registered and logged in to see this link.] , the world's second largest crude producer, for not supporting the proposed production cuts last week by the Organization of the Petroleum Exporting Countries ( [You must be registered and logged in to see this link.] ), according to Reuters.


This comes after Russia rejected a new proposal by the Organization of Petroleum Exporting Countries (OPEC) to deepen and extend the agreement to cut production until the end of 2020, with a total reduction of 3.2 million barrels per day.


Iraq is the second largest producer in [You must be registered and logged in to see this link.] after [You must be registered and logged in to see this link.] , and it has the fifth largest [You must be registered and logged in to see this link.] crude oil [You must be registered and logged in to see this link.] in the world by 153 billion barrels.

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The appearance of Muhammad Salih: The financial situation of Iraq is currently under warning Empty Re: The appearance of Muhammad Salih: The financial situation of Iraq is currently under warning

Post by lesley.beter Fri 20 Mar 2020, 8:59 am

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The appearance of Muhammad Salih: The financial situation of Iraq is currently under warning Empty Re: The appearance of Muhammad Salih: The financial situation of Iraq is currently under warning

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