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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

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    A government advisor sets a condition for achieving a “balanced” budget.. Will high oil prices “bene

    Rocky
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    A government advisor sets a condition for achieving a “balanced” budget.. Will high oil prices “bene Empty A government advisor sets a condition for achieving a “balanced” budget.. Will high oil prices “bene

    Post by Rocky Thu 24 Jun 2021, 7:30 am


    [size=30]A government advisor sets a condition for achieving a “balanced” budget.. Will high oil prices “benefit spending”?

    2021-06-24
    [/size]
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    Yes Iraq: Baghdad

    Adviser to the Prime Minister for Financial and Economic Affairs Mazhar Muhammad Salih confirmed on Thursday that the high oil price does not make the budget balanced, except on conditions, indicating that the budget surplus prompted the government not to finance the deficit by borrowing.
     
    Saleh said, “The rise in the oil price does not make the budget balanced except on conditions, as the average oil price should be $75 over the course of the fiscal year and not fluctuate, as if it drops to $50 and rises again,” noting that “the budget in which the price of a barrel is set by 45 dollars, it has a hypothetical deficit, it has spending commitments, and it has oil and non-oil revenues.”
     
    Saleh added, "If the price of a barrel of oil continues at $75 throughout the fiscal year, there will be a balanced budget, provided that there is efficiency in spending and efficiency in non-oil revenues as planned."
     
    Saleh pointed out that “during the first 6 months of this year, the barrel price achieved more than 45 dollars, and at least 62 to 65 dollars the average selling price, and thus achieved a surplus that made the government not finance the deficit by borrowing,” noting that “the budget turns from Budgeting a deficit into a balanced budget when the desired expenditures are equal to the desired revenues with the surplus resulting from the rise in oil prices.
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