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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 deficit may disappear and a surplus of 30 trillion dinars will be achieved according to a new st

    Rocky
    Rocky
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    The deficit may disappear and a surplus of 30 trillion dinars will be achieved according to a new st Empty The deficit may disappear and a surplus of 30 trillion dinars will be achieved according to a new st

    Post by Rocky Tue 03 Aug 2021, 7:38 am


    [size=30]The deficit may disappear and a surplus of 30 trillion dinars will be achieved according to a new strategy... Iraq has not spent anything on investment


    2021-08-03
    [/size]
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    Yes Iraq: Baghdad

    Statistics of the Future Iraq Corporation revealed that the total cumulative surplus of oil revenues in 2021 compared to the figures planned in the 2021 budget until July amounted to about 8.9 billion dollars, given that the oil revenues planned in the 2021 budget amounted to 30.7 billion dollars, while the revenues that have been achieved Oil prices until July 2021 amounted to 39.6 billion US dollars.
    The corporation, represented by its director, Manar Al-Obaidi, explained that “it is expected that if the price rate continues at the same current rate of 72 dollars until the end of the year, the expected surplus from oil revenues will reach 19 billion dollars, and this amount depends on fluctuations in oil prices and the amount of daily sales of Iraqi oil.” At the time, the budget deficit is 19.79 billion dollars, which means that the surplus is supposed to fill the deficit almost.
    However, Al-Obeidi added, “The biggest challenge lies in the non-oil revenues, which he planned in the 2021 budget to be in the range of 20 trillion Iraqi dinars. Iraqi only.
    Depending on oil revenues, which are expected to reach up to 103 trillion Iraqi dinars until the year, and based on the fact that non-oil revenues will be around 7 trillion, then the total expected Iraqi state revenues until the end of 2021 will be around 120 trillion dinars.
    According to the 2021 budget, the total expenditures will amount to about 128 billion dollars, and the amount of the deficit “if the entire planned budget is spent” will be around 8 trillion dinars.
    He explained that “the delay in working on the budget and the non-disbursement of amounts for operational and investment expenses, it is expected that Iraq will achieve in 2021 a surplus that may reach the barrier of 30 trillion Iraqi dinars, especially since the current monthly spending rates, according to the Ministry of Finance, amount to 6 trillion dinars, with the possibility of increasing this rate in The coming months, especially with the start of disbursing investment and operational budgets, as planned in the 2021 budget.”
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      Current date/time is Thu 28 Mar 2024, 1:48 pm