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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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    Economist: Kuwaiti Compensation Will Provide Iraq With Buffers To Face Future Economic Crises

    Rocky
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    Economist: Kuwaiti Compensation Will Provide Iraq With Buffers To Face Future Economic Crises Empty Economist: Kuwaiti Compensation Will Provide Iraq With Buffers To Face Future Economic Crises

    Post by Rocky Wed 23 Feb 2022, 3:04 pm

    Economist: Kuwaiti Compensation Will Provide Iraq With Buffers To Face Future Economic Crises
    02/23/2022
    11


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    Earth News/ Economic expert Abdul Rahman al-Mashhadani confirmed today, Wednesday, that the end of Kuwaiti compensation will provide Iraq with a buffer to face future economic crises.
    Al-Mashhadani told "Earth News" that "ending the file of compensation, which drained approximately 3% of oil revenues, which is about 3 billion dollars, is supposed to reflect positively on the revenues of the general budget, because these allocations have been deducted since 1991.
    He added, "These three billion are supposed from today for the government to take a decision in regards to it, either to allocate to the investment side with regard to financing infrastructure projects, or to establish a sovereign fund that could be one of the buffers to confront the economic crises that arise in the future because the global economy is always going through successive economic crises." .
    He continued, "In 2008 we witnessed an economic crisis, and in 2014-2015 an economic crisis, as well as in 2020, so these crises have an average duration and may pass every 5 or 4 years.
    And he indicated that "the world is witnessing a major economic crisis that leads to the collapse of oil prices, and therefore the Iraqi government during all the past years has no buffers that it can rely on to finance its ongoing expenses, so it is forced to borrow from the central bank, commercial banks, or international borrowing, and this increases the burdens on the economy." The Iraqi and the citizen as well.
    He pointed out that "the establishment of these sovereign funds could be one of the buffers in which we face such crises, or that it may be directed to financing investment projects instead of relying on allocations.
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