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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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    An increase in revenues without a budget law - Nouri Hamdan

    Rocky
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    budget - An increase in revenues without a budget law - Nouri Hamdan Empty An increase in revenues without a budget law - Nouri Hamdan

    Post by Rocky Sat 29 Oct 2022, 6:57 am


    [size=32][rtl]An increase in revenues without a budget law - Nouri Hamdan[/rtl]

    October 28, 2022
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    An increase in revenues without a budget law - Nouri Hamdan

    The rise and fall in oil prices is subject to many variables, including political, economic and climatic ones, and that oil prices, even with their decline, are higher than the number specified in public financial budgets, and this is what keeps the economy away from danger and deterioration. It is expected that oil revenues will reach this year in light of the drop in prices from 90 to 100 billion dollars, thus the possibility of covering the expenses of the past year, eliminating the financial deficit completely, and so that the citizen is not excluded and not a major player in it, it is necessary to employ the funds generated from the revenues Oil in the industrial and agricultural sectors and not relying on the rentier economy.
    In contrast to the despair of having a budget for 2022 and that the next year 2023 may also go without a budget, as a result of the deepening political crisis, and re-reliance on alternative laws such as food security and others to cover the necessary spending doors, and these moves do not compensate for the importance of the budget and the great impact it has On aspects that affect the lives of citizens
    That the budget is an indispensable financial and economic plan, and its absence means a decline in the economic process, which is what is happening now, and that the customary context since 2014 is to compensate for the absence of the budget through disbursement according to the Financial Management Law, to secure the salaries of employees through the equation of disbursement of 1 12 of the value of the last budget approved in the country, and that this does not solve the problem of the economy because the changes in the population increase, the problems of the international economy, the obsolescence of infrastructure and the need for new job grades are factors that greatly affect the country in light of this chaos.
    insured salaries
    The salaries of employees in light of the continuation of this situation will be secured at the minimum level, and not in the normal way. Many institutions will resort to the policy of austerity in some of their important projects, and state services will decline more and more. The absence of the budget will reinforce the problem of lack of liquidity, and directly harm the economic activity, as the commercial sector and merchant sales gradually decline from 70 billion dollars annually to 32 billion, and it may drop next year to under thirty billion, and the sharp weakness in purchasing power and the absence of the budget harms trade and entrepreneurs to expand The chasm includes wholesalers, importers and the private sector, which will not find a market for its activities and the promotion of its products in light of this economic chaos. Therefore, people will resort to hoarding for fear of exacerbating the situation, and this in turn leads to a loss of monetary value, which will be noticeably absent from the market.
    In the event that the 2023 budget is not approved, Parliament can take the same path to approve laws related to certain projects, and that Parliament, in general, is unable to present the budget law because the constitution requires the existence of a government with full authority to submit the draft to Parliament for discussion and vote, thus Al-Kazemi’s government Unable to submit the draft that the Sudanese government that Parliament granted it confidence during the next month, which is the penultimate for the fiscal year, means that it is struggling with time to submit a draft general budget bill to the House of Representatives. Therefore, in the best case scenario, if the government and parliament are able to complete the budget, it will be in June of next year.
    The problem of delaying the legislation of the general budget law does not lie in the salaries of employees, as the absence of the budget affects electricity projects, roads, bridges, hospitals and health centers, as well as liberated areas, and the ruling political forces have no intention of overcoming the crisis, but merely perpetuate the consideration of the financial and economic devastation that surrounds the country.
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