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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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    Al-Jubouri: The size of the GDP for the current year will not exceed 300 billion dollars

    Rocky
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    Al-Jubouri: The size of the GDP for the current year will not exceed 300 billion dollars Empty Al-Jubouri: The size of the GDP for the current year will not exceed 300 billion dollars

    Post by Rocky Fri 16 Sep 2022, 5:08 am

    Al-Jubouri: The size of the GDP for the current year will not exceed 300 billion dollars

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    Economy News - Baghdad
    [size=21]Haitham al-Jubouri, technical advisor to Prime Minister Mustafa al-Kazemi, set, on Thursday, the value of government and private domestic product for the current year, and while he expected the volume of total spending for this year, he revealed projects to increase non-oil revenues.
    Al-Jubouri said, "The volume of domestic product for the public and private sectors for the year 2022, according to current oil prices, will not exceed $300 billion," noting that "the government is currently spending according to the exchange rule 12/1 of last year's budget, in addition to what was allocated in the Food Security Law." .
    He added, "What was allocated from food security amounted to 25 trillion dinars, in addition to 103 trillion dinars spent last year 2021, as it is a base we rely on, so that the total amount disbursed by the end of this year is 128 trillion dinars, which is equivalent to 88 or 89 billion dollars," noting. He pointed out that "the government output alone will range approximately, according to the current oil prices, from 145 to 155 billion dollars at the end of the year."
    On the government’s steps to provide additional non-oil resources, he explained that “there are efforts to activate the transit of goods through Iraq and the port of Faw, as well as the completion of plans and designs for new railways linking northern and southern Iraq by an Italian company, and these will increase revenues, and other steps to complete the automation of border crossings. And the relationship between the currency sale window, customs and tax, which is supposed to be reflected in the increase in revenues in addition to political and security stability," he said, explaining that "the investment situation in Iraq is improving dramatically."
    Al-Jubouri stressed, "the need to conduct a population census to make the numbers of segments of society clear accurately, especially since the Financial Management Law stressed the need for the budget to be based on gender," noting that "determining the percentage of women, the elderly, children and youth is very important according to the expected census," according to the news agency. official.
    With regard to the government's efforts to reduce the effects of population growth on the country's economy, al-Jubouri stated that "the growth is continuing, and we should be guided by accurate numbers that we are waiting for from the housing census so that we can rely on them in decision-making."
    And he added, "Iraq is one of the very advanced countries in the process of population growth, which reaches an annual rate of 3%, while globally it reaches under half a percent," noting that "this needs an increase in spending and the provision of services and many plans to be parallel to this increase."[/size]

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    Update 09/16/2022 - 12:34 PM


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