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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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Iraq Has The Worst Budget With The Highest Budget .. “Earth News” Monitors The Budgets Of 4 Countrie

rocky
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Post by rocky Sun 29 May 2022, 2:08 pm

Iraq Has The Worst Budget With The Highest Budget .. “Earth News” Monitors The Budgets Of 4 Countries Within 10 Years (Statistic And Infographic)
29/05/2022
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Earth News / Sam Mahmoud
In its first statistical report, Earth News reviews the total budgets of Iraq during the past ten years, compared to three regional countries chosen as models, namely Egypt, Jordan and the UAE, highlighting the differences in budgets and the total, compared to what was achieved in Iraq and those countries in the same period.
According to a census, which started with the 2012 budget in the four countries, it took into account the absence of two budgets in Iraq (2014 and 2020), as well as the approval of the UAE only for the budget for the current year 2022 among all the countries selected in the census, and it was excluded to maintain the ten-year calculation Entirely.
The total figures for the total budgets in these countries were as follows: Iraq $767 billion for 8 budgets, the UAE $140 billion for 10 budgets, Egypt $917.5 billion for 10 budgets and Jordan $119.6 billion for 10 budgets.
Starting with Iraq, it has spent $767 billion since 2012 until now, without the country witnessing any progress in the field of infrastructure, education, energy, roads and bridges, in addition to the absence of important investments related to the life of the citizen.
Iraq’s budgets were as follows: $100 billion/2012, $118 billion/2013, no budget/2014, $103 billion/2015, $91 billion/2016, $66 billion/2017, $88 billion/2018, $112 billion/ 2019, no budget / 2020, $89 billion / 2021.
The UAE budgets were as follows: $11.4 billion in 2012, $12.1 billion in 2013, $12.5 billion in 2014, $13.4 billion in 2015, $13.2 billion in 2016, $13.3 billion in 2017, $15.4 billion in 2018, and 16.3 billion. $19, $16.6 billion/2020, $15.8 billion/2021.
Turning to Egypt, its budgets were as follows: $84.5 billion/2012, $117 billion/2013, $76 billion/2014, $80 billion/2015, $104 billion/2016, $63 billion/2017, $80 billion / 2018, $95 billion / 2019, $136 billion / 2020, $82 billion / 2021.
Jordan's budgets were as follows: $9.6 billion in 2012, $10.5 billion in 2013, $11.2 billion in 2014, $11.1 billion in 2015, $11.8 billion in 2016, $12.6 billion in 2017, $11.9 billion in 2018, and 13.1 billion. $19, $13.8 billion/2020, $14 billion/2021.
The level of Iraqi economic growth fluctuated, due to its connection with international oil prices, where the budget was built on its basis, and oil revenues constituted more than 90 percent of the budgets, which exposed it to major economic shocks, which prompted successive governments to austerity.
A member of the former Parliamentary Economy and Investment Committee, Nada Shaker Jawdat, told "Earth News", "Very large funds are allocated in Iraq's budget with each year that goes between corruption and waste due to poor planning and management, and this is the reason for the loss of budget funds over the past years without any projects." Concretely large on the ground by the citizen.”
She added that "the countries of the region and the world, specifically the Arab countries, depended largely and mainly on investment in the development of infrastructure and reconstruction, and this matter is being lost by Iraq frankly, for several reasons, including security instability, which pushes major companies not to take investment projects in Iraq, in addition to The complex procedures in referring projects to investment and the accompanying corruption and extortion operations.”
And she stressed "the need to build Iraq's budgets, according to strategic plans, not according to traditional plans, which are always a budget of expenditures and not a budget of projects and services, although there are large financial allocations for the establishment of giant projects in various fields."
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Turning to the UAE, the oil country and member of OPEC, the UAE economy has achieved growth rates that are considered among the highest in the world, during the past decade, as the country’s gross domestic product has doubled by more than 5 times in ten years, according to official statistics issued by the Ministry of Economy and the UAE Central Bank. In addition to the UAE achieving qualitative leaps in the sectors of education, health, investment, roads and technology, and its international classification is very advanced in most sectors.
In Egypt, which is also an oil and gas exporter, the annual growth rate of the economy increased and reached its peak during 2018, compared to the last ten years, and investment and net exports were the most important main sources of growth, at a rate of 74 percent, according to the Egyptian Ministry of Planning, and this is up to As well as achieving breakthroughs in the level of infrastructure, construction and tourism.
Turning to Jordan, the non-oil country, the total output rose to about 42 billion dollars, after it was less than 30 billion dollars during the past ten years, in addition to the increase in exports, reaching about 140 countries, and this is in return for Jordan maintaining the exchange rate of the Jordanian dinar against the dollar. Stable and provision of infrastructure, the most important of which is electricity permanently.
In addition, an expert in economic affairs, Salam Sumaisem, told "Earth News", that "the reason for not developing infrastructure and establishing strategic projects in Iraq during the past years, despite explosive financial budgets, is unlike some poor countries, which witnessed remarkable development in the same period due to several The most important reasons are corruption and failure.”
Sumaisem stressed that “corruption is the main reason why the money of these explosive budgets goes to the balances of the corrupt and is not properly spent on developing infrastructure and establishing strategic projects in various sectors, especially since the majority of projects were referred to fake companies and are not experienced, and for this there are hundreds of projects that have been suspended for years. , without holding the negligent parties to account, whether governmental or private.
And she added, "There is a defect in the issue of preparing Iraq's budgets, especially since these budgets depend in financial revenues on more than 90 percent of oil revenues, with the presence of many important doors that can provide money in supporting budgets, especially related to the aspect of tourism, communications, agriculture and many others neglected." due to poor management and planning by the relevant authorities.”
She pointed out that "Iraq's budgets over the past years do not differ from each other only some of the exchange sections, as they are always devoid of plans and projects of a strategic dimension, unlike other countries that always work on a major change between the budgets of the years, and the budget of Iraq is always only Expenditures and expenses related to salaries and other financial issues to run state institutions without important and realistic projects implemented on the ground.”
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