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Neno's Place Established in 2006 as a Community of Reality


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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


    Economists confirm: the absence of a vision in the 2023 budget..and describe it as “the highest in t

    Rocky
    Rocky
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    Economists confirm: the absence of a vision in the 2023 budget..and describe it as “the highest in t Empty Economists confirm: the absence of a vision in the 2023 budget..and describe it as “the highest in t

    Post by Rocky Fri 20 Jan 2023, 4:25 am

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    [size=52]Economists confirm: the absence of a vision in the 2023 budget..and describe it as “the highest in the history of Iraq.”[/size]

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    [size=45]Specialists in economic affairs believe that the government has not clarified the economic vision regarding the issue of the price of a barrel of oil, and it will be facing great embarrassment in light of the lack of financial alternatives, especially with the increase in the salaries of state employees within the upcoming draft budget from 42 trillion dinars to 60 trillion, which exhausts To a large extent, the general budget, and constitutes a huge burden on the volume of financial revenues.
    The economic researcher, Nabil Jabbar Al-Tamimi, explained that the volume of the budget circulating through some leaks confirms the existence of a huge budget that may be the highest in the history of Iraq, and may exceed the barrier of 200 trillion dinars.[/size]
    [size=45]Al-Tamimi added that the operational side of the budget will exceed 80 trillion dinars, reaching more than 100 trillion dinars, which is a very large amount. Usually, these operational budgets govern government spending, and that the price of oil is $57 per barrel as a minimum to enable the government. to provide these budgets.[/size]
    [size=45]The economic researcher explained that the decision-maker in Iraq does not realize the magnitude of the economic effects of the huge budgets that may contribute to increasing inflation in prices in one way or another.[/size]
    [size=45]Al-Tamimi expected that the implementation of the budget would be disrupted during the coming period if the crisis continued for several months to come, and that the treatments would require additional time, which would prompt the central bank to print more local currency during the coming period, to strengthen the government’s accounts, which is a risky measure.[/size]
    [size=45]He pointed out that the government will rely in the budget on a fixed exchange rate of 1,460 dinars per dollar, and the government may assume an oil price between 60-70 dollars per barrel, which is a speculative price based on the lower limits of oil price expectations.[/size]
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