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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Far From The Government's Hand, An Expert Calls For The Establishment Of A Sovereign Fund To Control

    Rocky
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    • Post n°1

    Far From The Government's Hand, An Expert Calls For The Establishment Of A Sovereign Fund To Control Empty Far From The Government's Hand, An Expert Calls For The Establishment Of A Sovereign Fund To Control

    Post by Rocky Mon 02 May 2022, 3:03 pm

    [size=38]Far From The Government's Hand, An Expert Calls For The Establishment Of A Sovereign Fund To Control Oil Revenues
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    LAST UPDATE 05/01/2022 | 5:32 PM
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    information/special
    Today, Sunday, the economist Nabil Al-Ali called for the establishment of a sovereign fund to deposit the money and revenues of oil revenues away from the hands and disposal of the central government, while stressing that the government deals with revenues in a contradictory manner.
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    Al-Ali said in an interview with "Information", "The current government's policies in dealing with oil revenues are contradictory. Whenever the revenues diminished, it looked for austerity policies, increasing taxes or changing the exchange rate, and whenever those revenues increased, the government contradicts itself by setting high spending policies without A sense of responsibility about the future of the upcoming budgets and the protection of Iraq from the reversal of the economic cycle.
    He added, "Increasing spending at a higher level than the periodic public budgets may lead to an increase in domestic inflation faced by the consumer."
    The economist explained that "it is supposed to invest large oil revenues to establish a development fund, away from the government's hand and disposal, that contributes to the financing of strategic projects inside Iraq in partnership with large investment companies and to obtain and develop revenues, such as metro projects, railway projects, and refinery projects."
    And he indicated that "global economies are working to protect consumers from inflation, as in the United States," noting that "it is working to increase the interest rate and reduce public budgets to reduce its historical inflation rate."
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