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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


    Iraq's revenues during 2022 will increase by 73% compared to last year... Absence of government plan

    Rocky
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    Iraq's revenues during 2022 will increase by 73% compared to last year... Absence of government plan Empty Iraq's revenues during 2022 will increase by 73% compared to last year... Absence of government plan

    Post by Rocky Wed 04 May 2022, 6:25 am


    [size=30]Iraq's revenues during 2022 will increase by 73% compared to last year... Absence of government planning and trends for "consumer" spending

    2022-05-04
    [/size]
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    Yes Iraq: Baghdad

    The International Monetary Fund expected that Iraq will achieve a jump in its public revenues during the year 2022 after the increase in oil prices, while the government recognizes that the priority for the disbursement of revenues will be “consumer.”
    According to the fund’s estimates, “it is expected that the Arab oil-exporting countries will witness leaps in their revenues during the current year, in conjunction with the rise in global oil prices,” noting that “Iraq’s revenues during 2022 are expected to reach 149 billion dollars, with an annual change rate of 73 percent.” for the year 2021.
    The report added that “Saudi Arabia’s revenues are expected to rise 327 billion dollars with an annual change of 28 percent, while Libya’s annual revenues for the current year will reach 39 billion dollars with an annual change of 84 percent, while the UAE’s revenues will be 190 billion dollars with an annual change of 46 percent, and Kuwait’s revenues will be 102 billion.” dollars with an annual change rate of 46 percent.
    He added that "Qatar's revenues are expected to reach $84 billion with an annual change of 40 percent, Bahrain's revenues will be 11 billion dollars with an annual change of 39 percent, Oman's revenues will amount to 39 billion dollars with an annual change of 34 percent, while Algeria's revenues will reach 58 billion dollars, with a percentage change of 28 percent." percent".
     
     
    Adviser to the Prime Minister, Mazhar Muhammad Salih, admitted that the priority in spending will be for social spending and poverty, away from development projects.
    Saleh said, "The text of Article 19/Second of the amended Federal Financial Management Law No. 6 of 2019, if the actual revenues exceed the total expenses or expenditures, including financing the planned deficit in the annual budget; The surplus amount is deposited in a (sovereign fund) provided that a budget law is available, and otherwise the said financial surpluses will be deposited in a reserve account and will undoubtedly be an opening balance in financing the federal general budget for the year 2023 in whole or in part and according to the exchange sections and its future priorities.
    He added, "Disbursement on social spending and addressing poverty will be the first priority, in addition to the ease with the investment spending associated with the implementation of strategic projects that operate work and inevitably generate income."
    In parallel with the Law on Emergency Support for Food Security, whose paragraphs include mechanisms that reinforce and perpetuate “rentier spending” and the distribution of surplus money from oil on foods and foods rather than investing in the development of the agricultural sector, which is the first pillar to achieve food security, as well as the industrial sector, infrastructure and control over food security. The rise in real estate, food and transportation, by investing money for development instead of squandering it and distributing it to citizens in the form of “food” and consumer issues.
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