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Economic forecasts for the planned revenues in the 2023 budget
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[rtl]Baghdad / NINA / The economic expert, Manar Al-Obeidi, expected the planned revenues in the 2023 budget.
Al-Obeidi said in a statement: “Total revenues of 136 trillion dinars resulted from 101 trillion at a rate similar to the rates of previous years from oil sales.”
He pointed out, "13 trillion dinars for Kurdistan's oil may not be received, and 7 trillion dinars for oil sales added above the normal rate may not be achieved."
He pointed to expected non-oil revenues of "17 trillion, of which only 7 trillion dinars may be achieved, which is the annual rate for previous years."
Al-Obaidi pointed out:
And he indicated: "The planned deficit is 60 trillion dinars, and the deficit may reach 90 trillion if the revenues are not achieved."
He explained, "The deficit-to-GDP ratio in the Financial Management Law should not exceed 3%, i.e. it should not exceed 11 trillion dinars, and the current planned deficit-to-GDP ratio is 16%, and the deficit-to -GDP ratio may reach 24%.
Al-Obaidi pointed out: “Every drop in the price of oil by one dollar costs revenues of 1.5 trillion dinars, and that the drop in the oil price to the rate of $60 means a loss of revenues by 15 trillion dinars, which will increase the deficit gap.”/ End 7 To receive more news, subscribe to our channel[/rtl]
Al-Obeidi said in a statement: “Total revenues of 136 trillion dinars resulted from 101 trillion at a rate similar to the rates of previous years from oil sales.”
He pointed out, "13 trillion dinars for Kurdistan's oil may not be received, and 7 trillion dinars for oil sales added above the normal rate may not be achieved."
He pointed to expected non-oil revenues of "17 trillion, of which only 7 trillion dinars may be achieved, which is the annual rate for previous years."
Al-Obaidi pointed out:
And he indicated: "The planned deficit is 60 trillion dinars, and the deficit may reach 90 trillion if the revenues are not achieved."
He explained, "The deficit-to-GDP ratio in the Financial Management Law should not exceed 3%, i.e. it should not exceed 11 trillion dinars, and the current planned deficit-to-GDP ratio is 16%, and the deficit-to -GDP ratio may reach 24%.
Al-Obaidi pointed out: “Every drop in the price of oil by one dollar costs revenues of 1.5 trillion dinars, and that the drop in the oil price to the rate of $60 means a loss of revenues by 15 trillion dinars, which will increase the deficit gap.”/ End 7 To receive more news, subscribe to our channel[/rtl]
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