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[size=40]economist: depending on oil to finance the budget is more like a time bomb[You must be registered and logged in to see this link.] On 4/15/2020 - 9:45 AM 3[/size]
Al-Ahed News - Baghdad
, the economic expert, Wissam Al-Tamimi, today, Wednesday, warned against continuing to rely on oil to finance the budget, stressing the need to resort to the private sector to invest in government projects according to agreed time periods.
Al-Tamimi said, "The government can agree with the private sector to grant investment projects in accordance with agreed time periods, with the state obtaining specific percentages of the amounts that the private sector gets from these projects."
He added, "Reliance on oil to finance the budget is more like a time bomb, as the oil market is unstable and is subject to international paradoxes and global agreements, and therefore is governed by state policy and cannot be predicted for its future."
And, “Many of the developed countries were not oil and depend in financing their budgets on investment, the housing sector, tourism, border ports and taxes,” stressing the need to “reduce the salaries of employees whose salaries exceed 2 million dinars and in certain proportions to ensure funding of new job levels launched by the government and You find sources to finance them after the drop in oil prices. Finished 2
[You must be registered and logged in to see this link.]
, the economic expert, Wissam Al-Tamimi, today, Wednesday, warned against continuing to rely on oil to finance the budget, stressing the need to resort to the private sector to invest in government projects according to agreed time periods.
Al-Tamimi said, "The government can agree with the private sector to grant investment projects in accordance with agreed time periods, with the state obtaining specific percentages of the amounts that the private sector gets from these projects."
He added, "Reliance on oil to finance the budget is more like a time bomb, as the oil market is unstable and is subject to international paradoxes and global agreements, and therefore is governed by state policy and cannot be predicted for its future."
And, “Many of the developed countries were not oil and depend in financing their budgets on investment, the housing sector, tourism, border ports and taxes,” stressing the need to “reduce the salaries of employees whose salaries exceed 2 million dinars and in certain proportions to ensure funding of new job levels launched by the government and You find sources to finance them after the drop in oil prices. Finished 2
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