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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


    Association of Banks: Expenditures in the 2023 budget are no less than 125 billion dollars

    Rocky
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    • Post n°1

    Association of Banks: Expenditures in the 2023 budget are no less than 125 billion dollars Empty Association of Banks: Expenditures in the 2023 budget are no less than 125 billion dollars

    Post by Rocky Fri 04 Nov 2022, 6:45 am

    [size=45][size=41]Association of Banks: Expenditures in the 2023 budget are no less than 125 billion dollars[/size]
     two hours ago
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    The adviser to the Association of Iraqi Private Banks, Samir Al-Nusairi, expected today, Friday, that the expenditures within the federal general budget law for the fiscal year 2023 will not be less than 125 billion dollars, taking advantage of the abundance available in the state treasury. Al-Nusairi called for “preparing the draft budget law and sending it to the Council of Ministers for discussion and approval, and then submitting it to the House of Representatives before the first of December 2022, and bypassing the previously approved methods in balancing items and numbers and moving to budget programs and investment and production plans so that the government can work and start implementing economic reform programs.” contained in the government curriculum.
    Al-Nusairi said, according to the official agency, that “it is necessary to maintain the growth rate in the gross domestic product as expected, which is 9.3%, and for the Central Bank to continue to maintain the stability of the current exchange rate and not change it at all, and to preserve its foreign reserves, which are expected to reach more than 90 billion dollars during The next two months,” stressing “the need not to interfere in the monetary policies adopted by the Central Bank of Iraq to contribute to stimulating and revitalizing the economy and achieving its goals contained in its effective law.”

    Al-Nusairi continued: “I expect that the expenditures of the next year’s budget will not be less than 125 billion dollars, taking advantage of the abundance available in the state treasury, and at an oil price ranging between 70-75 dollars per barrel and with a production and marketing ceiling of no less than what is achieved for 2022, taking advantage of the abundance available in the treasury. Currently,” proposing “the implementation of a new program and approach for financial reform that begins with reducing public government spending and a comprehensive adjustment of the salary scale in order to achieve societal justice, and to overcome the great disparity between grades and job positions according to the principle of redistributing income in a fairness that ensures a societal balance between higher and lower salaries in accordance with assuming responsibility And competence and professional and scientific experience, as well as reducing the salaries and allocations of social benefits for the three presidencies and independent bodies and their special grades and retirement salaries for those who previously worked in these positions since 2003.
    He stressed "the importance of coordination between the fiscal and monetary policies to maintain the stability of the exchange rate, maintain the standard sufficiency of the central bank's foreign monetary reserves, avoid external and internal borrowing, and achieve financial sustainability."
    And he indicated “the need to stimulate and encourage the private sector and involve it in managing the economic process, as well as stopping the import of luxury materials and limiting the import of ration card materials, medicine and medical supplies, while increasing the food basket for the Iraqi family in quantity and quality, and building a strategic store of food for at least three months,” pointing out that “The need to work on establishing the sovereign fund by benefiting from financial savings and managing its assets and honest investments by the Central Bank of Iraq.”
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