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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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    Iraq achieves 17 trillion dinars in financial revenues within one month

    Rocky
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    Iraq achieves 17 trillion dinars in financial revenues within one month Empty Iraq achieves 17 trillion dinars in financial revenues within one month

    Post by Rocky Sun May 07, 2023 5:57 am

    Iraq achieves 17 trillion dinars in financial revenues within one month



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    2023-05-07 01:45
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    Shafaq News/ The Ministry of Finance issued the accounts of the Iraqi state for the month of February for the fiscal year 2023, which indicated that the volume of financial revenues amounted to more than 17 trillion dinars, while it showed that the contribution of oil to the federal budget amounted to 96%.
    Shafaq News Agency followed the data and tables issued by the Ministry of Finance in the current month of May for the accounts of last February of the year 2023, which showed that oil is still the main resource for Iraq's general budget, reaching 96%, which indicates that the rentier economy is the basis for Iraq's general budget. .



    And through the financial tables, it showed that the total revenues until January amounted to 17 trillion, 668 billion, 982 million, 693 thousand, and 586 dinars, after excluding from them the transfer revenues amounting to 2 trillion, 233 billion, 629 million, and 735 thousand dinars, indicating that the total expenditures with Advances amounted to 15 trillion, 923 billion, 515 million, and 419 thousand dinars.
    According to the financial table, oil revenues amounted to 19 trillion, 207 billion, 539 million, 763 thousand, and 376 dinars, which constitute 96% of the general budget, while non-oil revenues amounted to 695 billion and 72 million and 665 thousand dinars.
    The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed last March, in an interview with Shafaq News agency, that "the reasons for the survival of the economy as a rentier go back to wars and the imposition of siege during the past era, and what we are witnessing today of political conflicts, which led to the dispersion of economic resources."
    And the continuation of the Iraqi state’s dependence on oil as the sole source of the general budget puts the country in danger of being exposed to global crises that occur from time to time due to the impact of oil on them, which makes Iraq tend every time to cover the deficit through borrowing from abroad or from the inside, and thus indicates the lack of The ability to effectively manage state funds, and the inability to find alternative financing solutions.
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