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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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    Saleh: The government may not need borrowing for this reason

    Rocky
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    • Post n°1

    Saleh: The government may not need borrowing for this reason Empty Saleh: The government may not need borrowing for this reason

    Post by Rocky Mon 01 Mar 2021, 1:43 pm


    Saleh: The government may not need borrowing for this reason

    10:39 - 01/03/2021


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    The information / Baghdad ..
    The economic advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Monday, that the difference in the price of a barrel of oil in the budget goes to fill the deficit, and the government may not need to borrow, indicating that the development of a supplementary budget remains according to the government's need.
    Saleh said in an interview followed by the information, that "the budget is based on a deficit, meaning that the expenditures are more, and there can be borrowing, but the difference in the price of a barrel of oil today closes the deficit, so there is no need for borrowing, that is, the surplus replaces borrowings."
    He added, "This difference in the price of a barrel of oil closes the deficit in the budget, and the government may not need to borrow," noting that "this does not mean that there is no final borrowing, but the difference is compensated, and there may be a surplus, and this depends on the stability of prices." Oil ».
    And on the existence of a supplementary budget, Saleh indicated that "creating a supplementary budget is not a necessity, but remains according to the government's need and the extent of the revenue strength, and does it have important projects that are deferred that need a supplementary budget." End / 25
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