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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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    Details of the new taxes in the "trilateral" budget and Kurdistan's share: Enhancing non-oil revenue

    Rocky
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    Details of the new taxes in the "trilateral" budget and Kurdistan's share: Enhancing non-oil revenue Empty Details of the new taxes in the "trilateral" budget and Kurdistan's share: Enhancing non-oil revenue

    Post by Rocky Fri 17 Mar 2023, 4:35 am

    [size=35][size=35]Details of the new taxes in the "trilateral" budget and Kurdistan's share: Enhancing non-oil revenues[/size]
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    Economy

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    2023-03-17 | 02:24
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    Alsumaria News - Economics

    Specialists in economic affairs revealed, today, Friday, new details regarding the "triple" budget, which extends until 2025, while they indicated the new taxes in the budget and the share of the Kurdistan region, after the Council of Ministers' decision to budget for the three years.


    the economist,[url=https://www.alsumaria.tv/Entity/3517594793/%D9%86%D8%A8%D9%8A%D9%84 %D8%A7%D9%84%D9%85%D8%B1%D8%B3%D9%88%D9%85%D9%8A/ar/]Nabil Al-Marsoumi[/url], said in his post, followed by[url=https://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria news[/url], that "the new taxes in the 2023 tripartite budget are as follows:
    * Imposing a 5% tax on the revenues of sales of one liter of gasoline
    * A 10% tax on gas or kerosene oil."








    * A 15% tax on imported fuel
    * A 1% tax on sales of black oil
    * An airport tax in all Iraqi airports with a lump sum of 25 thousand dinars per person for travelers abroad[You must be registered and logged in to see this link.].


    He added, "These taxes will lead to an enhancement of non-oil revenues and limit even a little fuel smuggling abroad, but they will lead to an increase in the cost of transporting people and goods, and then a new rise in the prices of goods and services, which may lead to exceeding the annual inflation rate specified in the budget by 5%." negatively affecting the standard of living of citizens.

    As between "share[You must be registered and logged in to see this link.]In the 2023 budget, it came as follows:
    First: pay[url=https://www.alsumaria.tv/Entity/3238106360/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/ar/]Ministry of Finance[/url]The amount of the loan is 400 billion dinars granted to the region[You must be registered and logged in to see this link.]by decision[url=https://www.alsumaria.tv/Entity/1122135457/%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1/ar/]Council of Ministers[/url]No. 333 for the year 2022 before[url=https://www.alsumaria.tv/Entity/1025639366/%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A %D9%84%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9/ar/]Iraqi Trade Bank[/url]of the region's share for the current year.
    Second: share[You must be registered and logged in to see this link.]Of the actual spending after excluding sovereign expenditures = 12.67%
    Third: The wages of operating costs for the production and transportation of crude oil exported by the region are within the sovereign expenditures.
    Fourth: A regional government is committed[You must be registered and logged in to see this link.]Exporting crude oil from its fields at a rate of not less than 400,000 barrels per day.
    Fifth: The total revenues of oil produced from the fields of the region are deposited in one bank account in which all revenues from exporting or selling crude oil and its derivatives are deposited without any deductions for any purpose whatsoever.
    Sixth: A percentage of the allocations of the federal ground forces of the Iraqi army are allocated to the Peshmerga forces according to the population ratios of the aforementioned forces.
    Seventh: The regional government is committed to[You must be registered and logged in to see this link.]By handing over non-oil revenues to the state treasury.
    Eighth: 50% of the revenues of the border crossings are allocated to the governorates in which these crossings are located, including the region[You must be registered and logged in to see this link.].
    Ninth: abide[url=https://www.alsumaria.tv/Entity/4237093334/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9 %D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF%D9%8A%D8%A9/ar/]Federal Ministry of Finance[/url]By paying the region's dues in accordance with the provisions of this law on a monthly basis.

    * Budget figures
    and chief disclosure[url=https://www.alsumaria.tv/Entity/1122135457/%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1/ar/]Council of Ministers[/url] [url=https://www.alsumaria.tv/Entity/1199849658/%D9%85%D8%AD%D9%85%D8%AF %D8%B4%D9%8A%D8%A7%D8%B9 %D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A/ar/]Mohamed Shiaa Al-Sudani[/url]At the budget conference, that 'territory share[You must be registered and logged in to see this link.]In the budget, it amounts to 12.6, and the total budget amounted to 197 trillion and 828 billion dinars, as follows: the operating budget amounts to more than 150 trillion dinars, the investment budget is more than 47 trillion, and the budget deficit amounts to 63 trillion dinars

    . One trillion dinars,” stressing that “oil revenues amount to more than 117 trillion dinars based on the price of oil at $70, and non-oil revenues amount to more than 17 trillion dinars.” In the field of numbers, Al-Sudani mentioned the following: * The total budget is more

    than
    197 One trillion dinars
    * The operating budget is more than 150 trillion dinars
    * The investment budget is more than 47 trillion
    * The budget deficit is 63 trillion dinars
    * Total revenues are more than 134 trillion dinars
    * Oil revenues amount to more than 117 trillion dinars based on the price of oil at 70 dollars
    * Non-oil revenues amount to more than 17 trillion dinars
    * The share of the region[You must be registered and logged in to see this link.]In the budget, it amounts to 12.6 percent
    * More than 12 trillion dinars of indebtedness will be paid this year
    * Petrodollars will be two trillion dinars distributed among the governorates
    * The development of regions in the budget will be 2.5 trillion dinars
    * 400 billion dinars have been added to small project loans in the Ministry of Labor
    * Increase in capital The Industrial Bank financed 400 billion dinars to support the private sector
    * An increase in some allocations, including medicines, by 300 billion dinars, to become more than a trillion
    * Allocating one trillion dinars for a draft law[url=https://www.alsumaria.tv/Entity/168929522/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Iraq Fund[/url]For Development
     * It is planned

    to export 3.5 million barrels annually
    [You must be registered and logged in to see this link.]During the current year, 3.5 million barrels were exported annually, according to what was approved by the Sudanese government in its budget for the current year.

    [You must be registered and logged in to see this link.]It is the second largest oil producer in OPEC, and the country relies on revenues from selling crude to cover about 95% of its expenses.

    The price of a barrel of oil is about $70 per barrel in the budget approved by the government last Monday, with a total proposed expenditure of 197.8 trillion dinars ($152.2 billion), according to Prime Minister Muhammad al-Sudani, who indicated that this budget will be repeated during the next two years as well.

    The fiscal deficit amounts to 63 trillion dinars ($48.5 billion), according to the official government statement.

    And while counting[You must be registered and logged in to see this link.]An oil exporter, it imports the main oil derivatives, such as gasoline, gas oil and white oil. According to the “SOMO” company, more than 5 million tons of oil derivatives were imported last year, at a value of $5.3 billion, compared to 4.7 million tons, at a value of $3.3 billion, in 2021. Gasoline was the most imported, at a value of $3.8 billion, followed by gas oil with more from $1.2 billion.

    [You must be registered and logged in to see this link.]

      Current date/time is Sat 02 Mar 2024, 5:27 am