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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

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    The Sudanese financial advisor: The budget is conservative and risks from low oil

    Rocky
    Rocky
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    The Sudanese financial advisor: The budget is conservative and risks from low oil Empty The Sudanese financial advisor: The budget is conservative and risks from low oil

    Post by Rocky Sat 06 May 2023, 7:21 am

    The Sudanese financial advisor: The budget is conservative and risks from low oil
    • Time: 05/06/2023 14:58:24
       
    • Read: 325 times

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    {Economic: Al Furat News} The appearance of Muhammad Salih, the financial advisor to the Prime Minister, Muhammad Shia'a Al-Sudani, confirmed that the draft financial budget law is "conservative".
    Saleh told {Euphrates News} agency: "The budget is conservative at an oil price of $70 a barrel, and the important point is that it will spend more than half of the year for the financial life of Iraq, and it sells for more than $70."
    However, he added, "However, there are risks from a drop in prices to below $70, so the budget must tighten its discipline more and the most important is presented with regard to expenditures," noting that "price fluctuations remain possibilities."
    Saleh pointed out that "the risks will continue to decrease oil prices for months to more than 70 dollars a barrel."
    A member of the Parliamentary Finance Committee, Jamal Cougar, said that the decline in oil prices in global markets contradicted the government's expectations in preparing the draft financial budget law.
    Cougar told {Euphrates News} agency, "The government has calculated that oil prices will range between 80 and 85 dollars, and that if they fall below those rates, they will have to postpone some paragraphs or projects of the budget and transfer them to other budgets."
    From.. Raghad Dahham
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