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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 features of the 2022 budget are unfolding... Rich indicators and a different financial era... Bu

rocky
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The features of the 2022 budget are unfolding... Rich indicators and a different financial era... Bu Empty The features of the 2022 budget are unfolding... Rich indicators and a different financial era... Bu

Post by rocky Fri 04 Jun 2021, 7:37 am


[size=30]The features of the 2022 budget are unfolding... Rich indicators and a different financial era... But: one obstacle stands in the way of optimism


2021-06-04
[/size]
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Yes Iraq: Baghdad

Preliminary features of the next year’s budget 2022 have been revealed, around which there is great optimism about the positive clauses it may contain from the current year’s budget. However, despite these rich financial indicators, there remains a technical and legal obstacle that may impede the legislation of this budget by holding elections and forming the next parliament and whether it will be done. It goes smoothly.
 
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, talked about two paragraphs that will be contained in the budget for the fiscal year 2022, different from the current year's budget.
 
Greater financial revenue
Saleh believes that the draft budget 2022 differs with its spending ceilings a little. The first relates to the nature of oil revenues, as the price of a barrel of oil and the exported quantities must be adjusted in light of the positive indicators in the energy market and the entry of the global economy into a stage (post-Corona pandemic), especially the high degrees of international economic openness. The prosperity of trade and investment exchange between the countries of the world and the high overall growth rates in the global economy.
He points out that there is a strong link between the escalation of economic growth in the world and the escalating demand for crude oil and the boom in energy markets and the rise in oil prices.
 
Over the past two days, oil prices have reached unprecedented levels in more than a year, as the price of a barrel of oil touched $72 a barrel.
Despite the escalation of the trend towards clean and alternative energy, oil is still dominant in the energy market, as its contribution amounted to 31.6% of the energy supply in 2020, followed by coal with 27%, although it is one of the most polluting energy sources. Natural gas comes in third place, 22.1%, and the remaining percentages are distributed Between renewable energy 14.5% and nuclear energy 4.8%.
On the basis of this, oil expert Nabil Al-Marsoumi says that “oil will remain at the forefront of the energy scene at least until 2050 despite the global interest in clean energy, as fossil fuels, i.e. oil, coal and gas, still represent 80.7% of the global energy supply.”
Reducing borrowing and expanding investment
Returning to the 2022 budget, Saleh talks about a second paragraph that will distinguish this budget from the current year’s budget, and it relates to the fact that the borrowing space will be reduced at the lowest point, while the area of ​​investment projects and their allocations will expand significantly and according to development priorities, which will lead to moving growth and overall operation in The national economy and better, especially the high market contribution to the movement of the economy because of the high certainty that will be available to market makers.
Saleh explained that this comes due to the market's dependence on indicators of recovery in the government economy.
 
Elections.. pessimism in front of optimists
Despite the foregoing, Saleh believes that the issue of submitting the federal general budget draft to take its legislative path will remain the main concern and according to its constitutional timings, dependent on the speedy formation of parliament after the tenth month’s elections. In the new elected parliament.
He pointed out that “otherwise, entering the year 2022, without legislating the general budget law, will make the public finance resort to the application of the effective financial management law, through disbursement of 12/1 of the actual ongoing expenditures in the 2021 budget without new investment projects.”
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The features of the 2022 budget are unfolding... Rich indicators and a different financial era... Bu Empty Re: The features of the 2022 budget are unfolding... Rich indicators and a different financial era... Bu

Post by Proven Fri 04 Jun 2021, 9:49 am

Thanks Rocky.


There is hope:


Returning to the 2022 budget, Saleh talks about a second paragraph that will distinguish this budget from the current year’s budget, and it relates to the fact that the borrowing space will be reduced at the lowest point, while the area of ​​investment projects and their allocations will expand significantly and according to development priorities, which will lead to moving growth and overall operation in The national economy and better, especially the high market contribution to the movement of the economy because of the high certainty that will be available to market makers.

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Post by weslin3 Fri 04 Jun 2021, 12:33 pm

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Post by Proven Tue 08 Jun 2021, 9:32 am

Proven wrote:Thanks Rocky.


There is hope:


Returning to the 2022 budget, Saleh talks about a second paragraph that will distinguish this budget from the current year’s budget, and it relates to the fact that the borrowing space will be reduced at the lowest point, while the area of ​​investment projects and their allocations will expand significantly and according to development priorities, which will lead to moving growth and overall operation in The national economy and better, especially the high market contribution to the movement of the economy because of the high certainty that will be available to market makers.

Another quote: 

next year will be the year of renaissance and employment for agriculture and industry within programs that integrate the structure with it


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Post by Proven Mon 14 Jun 2021, 8:58 am

More to indicate that economic development will start with the next year:



He called for "the years 2022-2032 to be the first development decade for Iraq after four decades



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Post by weslin3 Mon 14 Jun 2021, 9:06 am

Almost a half of a year to go and then they will say 2023??? Who knows???

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Post by Diamond Mon 14 Jun 2021, 2:31 pm

Sleep

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