[size=52]The low contribution of oil to the federal budget, and an expert describes it as a lie[/size]
[size=45]The Iraqi state accounts for the month of October for the fiscal year 2021 showed an increase in the contribution of the non-oil sectors by 10%, while an economist described these revenues as a lie.[/size]
[size=45]Shafak Agency followed the data and tables issued by the Ministry of Finance in December for the accounts of last October, which indicated that oil is still the main resource for Iraq's general budget, despite its decline by 2.17% from last July, bringing the contribution of oil to the general budget 90% after that It was 92% last July, which indicates that Iraq is still a rentier country in light of the current Iraqi government's attempt to reform the Iraqi economy.[/size]
[size=45]Through the financial tables, it shows that the total oil revenues from the beginning of January to October amounted to 73 trillion and 197 billion and 221 million and 726 thousand and 776 dinars, which represents 90% of the total revenues, while the total non-oil revenues amounted to 8 trillion and 452 billion and 696 One million and 977 thousand and 257 dinars, which constitutes 10% of the total revenues, while the total oil and non-oil revenues amounted to 81 trillion and 649 billion and 918 million and 704 thousand and 33 dinars, which is 80% higher than the same period last year 2020 as a result of high oil prices.[/size]
[size=45]According to the Finance report, the non-oil revenues for the month of last October came from the current revenues represented by taxes on income and wealth at 1 trillion and 369 billion and 888 million and 636 thousand and 366 dinars, and they also came from commodity taxes and production fees at 869 billion and 626 million and 874 thousand and 105 dinars. Of the fees, which amounted to 877 billion and 993 million and 532 thousand and 545 dinars, and from the share of public sector profits at a rate of 194 billion and 496 million and 344 thousand and 656 dinars, and from the transfer revenues that amounted to 4 trillion and 382 billion and 617 million and 927 thousand and 866 dinars and from other revenues and 384 million and 38820 dinars One thousand and 658 dinars.[/size]
[size=45]It also came from capital revenues, which amounted to 39 billion and 406 million and 277 thousand and 763 dinars.[/size]
[size=45]For his part, the economic expert, Dergham Muhammad Ali, considered in an interview that “the non-oil revenue is a lie, as it is a recycling of oil revenues,” noting that “Iraq’s exports, which bring national revenue resulting from oil only, and the rest are from oil revenues that come through taxes, customs and fees. “.[/size]
[size=45]He added, "The government has begun imposing fees without returns, which is an immoral behavior that harms the economic reality of the lower-income groups and is not considered oil development."[/size]
[size=45]The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, had confirmed in March 2021 in an interview that the reasons for the economy’s survival as rentier are due to wars and the imposition of sieges during the past era and the political conflicts we are witnessing today, which led to the dispersal of economic resources.[/size]
[size=45]Saleh pointed out that "development, stability, diversification of the economy, and the transition from a rentier economy require political stability and stable institutions, which the state has missed over the years."[/size]
[size=45]The continuation of the Iraqi state to rely on oil as the only source of the general budget makes Iraq at risk from the global crises that occur from time to time due to the impact of oil on it, which makes Iraq tend every time to cover the deficit through borrowing from abroad or inside, which thus indicates the inability to manage Effectively state funds, and the inability to find alternative financing solutions.[/size]
[size=45][You must be registered and logged in to see this link.]
[size=45]The Iraqi state accounts for the month of October for the fiscal year 2021 showed an increase in the contribution of the non-oil sectors by 10%, while an economist described these revenues as a lie.[/size]
[size=45]Shafak Agency followed the data and tables issued by the Ministry of Finance in December for the accounts of last October, which indicated that oil is still the main resource for Iraq's general budget, despite its decline by 2.17% from last July, bringing the contribution of oil to the general budget 90% after that It was 92% last July, which indicates that Iraq is still a rentier country in light of the current Iraqi government's attempt to reform the Iraqi economy.[/size]
[size=45]Through the financial tables, it shows that the total oil revenues from the beginning of January to October amounted to 73 trillion and 197 billion and 221 million and 726 thousand and 776 dinars, which represents 90% of the total revenues, while the total non-oil revenues amounted to 8 trillion and 452 billion and 696 One million and 977 thousand and 257 dinars, which constitutes 10% of the total revenues, while the total oil and non-oil revenues amounted to 81 trillion and 649 billion and 918 million and 704 thousand and 33 dinars, which is 80% higher than the same period last year 2020 as a result of high oil prices.[/size]
[size=45]According to the Finance report, the non-oil revenues for the month of last October came from the current revenues represented by taxes on income and wealth at 1 trillion and 369 billion and 888 million and 636 thousand and 366 dinars, and they also came from commodity taxes and production fees at 869 billion and 626 million and 874 thousand and 105 dinars. Of the fees, which amounted to 877 billion and 993 million and 532 thousand and 545 dinars, and from the share of public sector profits at a rate of 194 billion and 496 million and 344 thousand and 656 dinars, and from the transfer revenues that amounted to 4 trillion and 382 billion and 617 million and 927 thousand and 866 dinars and from other revenues and 384 million and 38820 dinars One thousand and 658 dinars.[/size]
[size=45]It also came from capital revenues, which amounted to 39 billion and 406 million and 277 thousand and 763 dinars.[/size]
[size=45]For his part, the economic expert, Dergham Muhammad Ali, considered in an interview that “the non-oil revenue is a lie, as it is a recycling of oil revenues,” noting that “Iraq’s exports, which bring national revenue resulting from oil only, and the rest are from oil revenues that come through taxes, customs and fees. “.[/size]
[size=45]He added, "The government has begun imposing fees without returns, which is an immoral behavior that harms the economic reality of the lower-income groups and is not considered oil development."[/size]
[size=45]The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, had confirmed in March 2021 in an interview that the reasons for the economy’s survival as rentier are due to wars and the imposition of sieges during the past era and the political conflicts we are witnessing today, which led to the dispersal of economic resources.[/size]
[size=45]Saleh pointed out that "development, stability, diversification of the economy, and the transition from a rentier economy require political stability and stable institutions, which the state has missed over the years."[/size]
[size=45]The continuation of the Iraqi state to rely on oil as the only source of the general budget makes Iraq at risk from the global crises that occur from time to time due to the impact of oil on it, which makes Iraq tend every time to cover the deficit through borrowing from abroad or inside, which thus indicates the inability to manage Effectively state funds, and the inability to find alternative financing solutions.[/size]
[size=45][You must be registered and logged in to see this link.]
Today at 6:33 am by Rocky
» utube 11/25/24 MM&C MM&C Iraq News-CBI Building Final Touches-Oil Exports-Development Road-Turkey-B
Today at 6:33 am by Rocky
» Parliamentary movement to include the salary scale in the next session
Today at 5:11 am by Rocky
» Parliamentary Finance Committee reveals the budget paragraphs included in the amendment
Today at 5:10 am by Rocky
» Al-Maliki calls on the Bar Association to hold accountable members who violate professional conduct
Today at 5:08 am by Rocky
» Politician: The security agreement with America has many aspects
Today at 5:07 am by Rocky
» Kurdistan Planning: More than 6 million people live in the region, the oldest of them is 126 years o
Today at 5:05 am by Rocky
» Al-Alaq: Arab consensus on the role of central bank programs in addressing challenges
Today at 5:03 am by Rocky
» Economics saves from political drowning
Today at 5:02 am by Rocky
» Agriculture calls for strict ban on import of "industrial fats" and warns of health risks
Today at 5:01 am by Rocky
» Iraq is the fourth largest oil exporter to China
Today at 5:00 am by Rocky
» Railways continue to maintain a number of its lines to ensure the smooth running of trains
Today at 4:59 am by Rocky
» Parliament resumes its sessions tomorrow.. and these are the most important amendments in the budget
Today at 4:58 am by Rocky
» Bitcoin Fails to Continue Rising as It Approaches $100,000
Today at 4:57 am by Rocky
» Minister of Planning: There will be accurate figures for the population of each governorate
Today at 4:56 am by Rocky
» Popular Mobilization Law is ready for voting
Today at 4:54 am by Rocky
» Mechanisms for accepting people with disabilities into postgraduate studies
Today at 4:52 am by Rocky
» Government coordination to create five thousand jobs
Today at 4:51 am by Rocky
» Transport: Next month, a meeting with the international organization to resolve the European ban
Today at 4:50 am by Rocky
» Census is a path to digital government
Today at 4:49 am by Rocky
» Calls to facilitate loans and reduce interest rates for the private sector
Today at 4:47 am by Rocky
» The launch of the third and final phase of the "population census"
Today at 4:46 am by Rocky
» Al-Sudani: We have accomplished a step that is the most prominent in the framework of planning, deve
Today at 4:44 am by Rocky
» Justice discusses modern mechanisms to develop investment in real estate and minors’ money
Today at 4:43 am by Rocky
» Dubai to host Arabplast exhibition next month
Today at 4:41 am by Rocky
» Al-Tamimi: Integrity plays a major role in establishing the foundations of laws that will uphold jus
Today at 4:39 am by Rocky
» Reaching the most important people involved in the "theft of the century" in Diyala
Today at 4:38 am by Rocky
» Transportation: Completion of excavation works and connection of the immersed tunnel manufacturing b
Today at 4:36 am by Rocky
» Between internal and regional challenges... Formation of the Kurdistan government on a "slow fire" a
Today at 4:35 am by Rocky
» Kurdistan Region Presidency: We will issue a regional order to determine the first session of parlia
Today at 4:34 am by Rocky
» The Minister of Foreign Affairs announces the convening of the Ambassadors Conference tomorrow, Mond
Today at 4:33 am by Rocky
» Al-Sudani: Iraq must always be at the forefront
Today at 4:32 am by Rocky
» Al-Mashhadani: We support the Foreign Ministry in confronting any external interference that affects
Today at 4:31 am by Rocky
» Al-Sudani chairs meeting with Oliver Wyman delegation
Today at 4:29 am by Rocky
» Half a million beggars in Iraq.. 90% of them receive welfare salaries
Today at 4:27 am by Rocky
» Sudanese announces preliminary results of the general population and housing census in detail
Today at 4:26 am by Rocky
» The centenary of the Iraqi Ministry of Foreign Affairs.. A journey of challenges and achievements
Today at 4:25 am by Rocky
» Prime Minister's Advisor Announces Assignment of Two International Companies to Study Iraqi Banking
Today at 4:23 am by Rocky
» Agriculture: Integrated Support Project Provides 1,333 Job Opportunities
Today at 4:22 am by Rocky
» The Media and Education Commission discuss introducing advanced curricula related to artificial inte
Today at 4:20 am by Rocky
» Al-Mashhadani’s First Test: Discussing Israeli Threats and Avoiding Controversial Laws
Today at 4:20 am by Rocky
» By name.. A parliamentary bloc reveals that five ministers will be questioned at the end of the legi
Today at 4:19 am by Rocky
» The financial budget is subject to political and economic amendments in the next parliamentary sessi
Today at 4:18 am by Rocky
» Will the government's efforts succeed in ending the electricity crisis in Iraq?
Today at 4:17 am by Rocky
» Baghdad Airport Customs Increased to 400% After Implementing Automation
Today at 4:16 am by Rocky
» EU: Integrated Support Project in Iraq Creates Jobs in Agriculture and Youth
Today at 4:15 am by Rocky
» Al-Sudani attends the centenary ceremony of the establishment of the Ministry of Foreign Affairs
Today at 4:13 am by Rocky
» Al-Mashhadani: We seek to keep foreign policy away from alignments that harm Iraq’s unity and sovere
Today at 4:12 am by Rocky
» The Iraqi government is working to develop a competitive banking system and support the private sect
Today at 4:10 am by Rocky
» Al-Alaq: Arab consensus on the role of central bank programs in addressing challenges
Today at 4:09 am by Rocky
» Regional markets rise in first session of the week
Today at 4:08 am by Rocky
» Kurdistan Region Presidency: We will issue an order to set the first session of the regional parliam
Today at 4:06 am by Rocky
» Political differences hinder oil and gas law legislation
Today at 4:05 am by Rocky
» Government coordination to create new job grades for graduates
Today at 4:04 am by Rocky
» The financial budget is subject to amendments in the next parliamentary session
Today at 4:03 am by Rocky
» Alsumaria Newsletter: Iraq reaches the final stages of the census and Parliament resumes its session
Today at 4:01 am by Rocky
» After the elites and workers... Iranian factories "migrate" to Iraq
Today at 3:58 am by Rocky
» Beggars in Iraq "refuse" welfare salaries.. Their profits are 10 times the salary!
Today at 3:57 am by Rocky
» Amending the Election Law... A Means to Restore the Dilapidated Legitimacy
Today at 3:56 am by Rocky
» Prime Minister announces population census results, Iraq reaches 45 million mark
Today at 3:54 am by Rocky
» Find out the dollar exchange rates in the Iraqi markets
Today at 3:53 am by Rocky
» Kurdistan Interior Ministry: General amnesty does not include those accused of killing women
Today at 3:52 am by Rocky
» utube 11/21/24 MM&C MM&C News Reporting-Global Trade-Best Route in World-Purchase Power-Justice-Cen
Yesterday at 6:58 am by Rocky
» Al-Sudani discusses with the Secretary-General of the Digital Cooperation Organization enhancing dig
Yesterday at 6:56 am by Rocky
» President of the Republic: Partnership with the United States is essential to achieve regional stabi
Yesterday at 6:54 am by Rocky
» Mazhar Saleh reveals details of the 2023 budget and the 2024 budget horizon
Yesterday at 5:18 am by Rocky
» Absent control and rising corruption.. Sudan faces a harsh political winter
Yesterday at 5:16 am by Rocky
» A representative shows the laws prepared for voting during the upcoming sessions.
Yesterday at 5:14 am by Rocky
» Corrupt people in it.. Independent MP criticizes the performance of Al-Sudani's government
Yesterday at 5:13 am by Rocky
» Parliamentary Oil Committee reveals government move to end electricity crisis
Yesterday at 5:11 am by Rocky
» The Administrative Court postpones consideration of the lawsuit on the legitimacy of the Kirkuk gove
Yesterday at 5:10 am by Rocky
» MP: The ministerial reshuffle depends on consensus within the state administration
Yesterday at 5:09 am by Rocky
» Politicians put question marks on Al-Sudani: corruption, espionage and serving foreign interests
Yesterday at 5:08 am by Rocky
» The International Union of Arab Bankers honors the Chairman of the Private Banks Association: A prom
Yesterday at 5:03 am by Rocky
» Industry: Contracts to supply state ministries with food products
Yesterday at 5:02 am by Rocky
» After Shell Withdrawal, American Company Heads to Implement Al-Nibras Project in Iraq
Yesterday at 5:01 am by Rocky
» Revealing the fate of the Chinese deal in Iraq.. It was disrupted by this party
Yesterday at 5:00 am by Rocky
» The Central Bank of Iraq 77 years of challenges and reforms
Yesterday at 4:57 am by Rocky
» "Unprecedented numbers"... American "CNN" talks about tourism in Iraq
Yesterday at 4:56 am by Rocky
» After implementing automation, Baghdad Airport Customs jumps 400 percent
Yesterday at 4:55 am by Rocky
» Iraq participates in sustainable development activities
Yesterday at 4:53 am by Rocky
» Al-Sudani opens 790 model schools
Yesterday at 4:52 am by Rocky
» Parliamentary Culture: The Right to Information Law will satisfy all parties
Yesterday at 4:51 am by Rocky
» Al-Mashhadani to {Sabah}: Tomorrow we will discuss the Zionist threats
Yesterday at 4:50 am by Rocky
» Industry to {Sabah}: Contracts to supply state ministries with food products
Yesterday at 4:49 am by Rocky
» Trade cooperation between Najaf and Isfahan
Yesterday at 4:48 am by Rocky
» {New building} and {electronic systems} to develop forensic medicine
Yesterday at 4:47 am by Rocky
» A specialized center for monitoring the environmental situation in the capital
Yesterday at 4:46 am by Rocky
» International and parliamentary praise for the success of the "population census" process
Yesterday at 4:45 am by Rocky
» The European Union organizes a workshop in Basra on central administration and the wealth distributi
Yesterday at 4:42 am by Rocky
» The Media Authority and the Ministry of Education discuss the importance of enhancing and introducin
Yesterday at 4:41 am by Rocky
» Iraq's oil exports to America rose last week
Yesterday at 4:40 am by Rocky
» Electricity announces loss of 5,500 megawatts due to complete halt of Iranian gas supplies
Yesterday at 4:39 am by Rocky
» Tomorrow.. The Arab League is looking to unify its position against Israeli intentions to strike Ira
Yesterday at 4:37 am by Rocky
» The Central Bank moves its secret vaults to its new building.. Clarification of the truth of the cla
Yesterday at 4:35 am by Rocky
» Network reveals the fate of the Chinese deal.. It was disrupted by "Iraqi officials"
Yesterday at 4:34 am by Rocky
» From the White House to the "Leaders of Iraq"... A Message Regarding the Targeting of Baghdad
Yesterday at 4:33 am by Rocky
» Parliament session agenda next Tuesday
Yesterday at 4:32 am by Rocky
» "Unforeseen Danger"... Turkish Barracks in Kurdistan Region Between "Hammer and Anvil" - Urgent
Yesterday at 4:30 am by Rocky