Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    A government advisor sets a condition that would eliminate Iraq's borrowing

    Rocky
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    • Post n°1

    A government advisor sets a condition that would eliminate Iraq's borrowing Empty A government advisor sets a condition that would eliminate Iraq's borrowing

    Post by Rocky Sun 28 Mar 2021, 7:58 am


    [size=30]A government advisor sets a condition that would eliminate Iraq's borrowing

    2021-03-28
    [/size]
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    Yes Iraq: Baghdad

    On Sunday, Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, ruled out Iraq's resorting to borrowing if the price of a barrel of oil reaches $ 70.
     
    Saleh said in a statement to the official agency that "the budget stabilization fund must be available as a sovereign precautionary fund against the risk of fluctuation or decline in the sustainability of revenues, given that oil revenues constitute more than 92% of total public revenues in the budget."
    He added, "The price of a barrel of oil should not be less than $ 70 to reach a balanced budget without resorting to borrowing to finance the annual deficit in the general budget."
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    Rocky
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    • Post n°2

    A government advisor sets a condition that would eliminate Iraq's borrowing Empty Al-Kazemi advisor excludes Iraq's resort to borrowing in this case

    Post by Rocky Sun 28 Mar 2021, 8:04 am

    [size=36]Al-Kazemi advisor excludes Iraq's resort to borrowing in this case[/size]



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    Baghdad/
    The Prime Minister’s Adviser for Financial Affairs, Mazhar Muhammad Salih, ruled out today, Sunday, that Iraq will borrow if the price of a barrel of oil reaches $ 70.
    Saleh said in a press statement, "The budget stabilization fund must be available as a sovereign hedge fund against the risk of financial sustainability fluctuation or a decline in the sustainability of revenues, given that oil revenues constitute more than 92% of total public revenues in the budget."
    He added, "The price of a barrel of oil should not be less than $ 70 to reach a balanced budget without resorting to borrowing to finance the annual deficit in the general budget."
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