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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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Parliamentary Finance: The budget deficit will end completely if oil remains at this price

rocky
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Finance - Parliamentary Finance: The budget deficit will end completely if oil remains at this price Empty Parliamentary Finance: The budget deficit will end completely if oil remains at this price

Post by rocky Thu 03 Jun 2021, 7:16 am

Parliamentary Finance: The budget deficit will end completely if oil remains at this price

  •  Time: 02/06/2021 20:59:59
     
  •  Reading: 6,071 times

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{Economic: Al Furat News} The Parliamentary Finance Committee announced that the 2021 budget deficit will end with the continued rise in crude oil prices, which constitutes 90% of the state’s imports.
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Committee member, Muhammad Al-Shabki, said in a press statement: "The rise in oil will cover the entire deficit if prices continue at $63 per barrel."
And the parliament sessions, he stressed that "the quorum of the upcoming sessions will be achieved as long as there is no questioning."
Al-Shabki expected "a quorum for tomorrow's session, and we have not yet been informed of the agenda."
He explained, "The amendment of the provincial council law and the holding of elections is the way out after the decision of the Federal Supreme Court regarding it." 
The Iraq Future Foundation for Economic Studies (a non-governmental organization) announced today that Iraq achieved a monthly surplus in March of 2.1 trillion dinars, the first time since February 2020 that this surplus was achieved.
She indicated that "the Iraqi state's revenues for the month of March, according to the data of the Ministry of Finance, amounted to 7.2 trillion dinars, of which oil revenues amounted to 6.
She explained that "the amount of what the Iraqi state achieved in the first quarter of the year was 17.3 trillion dinars, of which oil revenues amounted to 15.2 trillion dinars, while total expenditures amounted to 17.4 trillion dinars, and thus the total deficit for the first quarter of the year amounted to 131 billion dinars."

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