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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


    "Pressure expenditures or accept the high deficit." Deputy: The government has two options regarding

    Rocky
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    • Post n°1

    "Pressure expenditures or accept the high deficit." Deputy: The government has two options regarding Empty "Pressure expenditures or accept the high deficit." Deputy: The government has two options regarding

    Post by Rocky Sat 11 Feb 2023, 11:25 am

    "Pressure expenditures or accept the high deficit." Deputy: The government has two options regarding the budget 

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    Economy News - Baghdad
    The Parliamentary Finance Committee indicated, on Saturday, that changing the exchange rate may increase the budget deficit by no less than 10 to 15 trillion dinars, with the price of a barrel of oil remaining at around $70.
    Committee member Jamal Cougar said, “The financial management law does not allow the government to exceed the budget deficit of 3%, which in all cases does not exceed 15 trillion dinars, but the truth is that the deficit reached more than 60 trillion dinars before changing the exchange rate.” We expect that at least 10 to 15 trillion dinars will be added to this deficit.
    He explained that the government, “has two options that do not have a third, either pressure expenditures and go towards deleting some paragraphs in the executive budget or the operational and investment budget, or accept the increase in the deficit from 60 trillion to 75 trillion,” and he believed that “the government should not borrow from local banks.” Basically, the city.
    Regarding the government's internal debts, he said: "These banks are supposed to play the role that is synonymous with the role of the government because the latter can create job opportunities through projects through the investment budget, while banks can create job opportunities for the private sector by granting soft loans."
    And Cougar continued, in an interview with the official newspaper, that "if the government tends to withdraw liquidity from these banks, it will burden it with increasing debts and loans and handcuffing the banks by creating job opportunities, and thus the pressure will transfer to the government, which tended towards appointment."

    Regarding the price of a barrel of oil, Cougar explained that "it will be in the budget estimates about $70, even with its low prices, and the government will have to withdraw from bank reserves as happened in previous budgets," pointing out that "the operational budget will be fixed, while the investment budget will change if it chooses." The government is compressing expenditures, and some projects may be transferred to a supplementary budget or subsequent budgets in the hope of higher oil prices.

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    Added 02/11/2023 - 6:05 PM
    Updated 2023/02/11 - 8:24 PM
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