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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


    An economic warning of the budget deficit that will enter Iraq into an uncalculated equation

    Rocky
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    • Post n°1

    An economic warning of the budget deficit that will enter Iraq into an uncalculated equation Empty An economic warning of the budget deficit that will enter Iraq into an uncalculated equation

    Post by Rocky Thu 11 May 2023, 4:10 am

    [size=35][size=35]An economic warning of the budget deficit that will enter Iraq into an uncalculated equation[/size]
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    2023-05-11 | 04:00


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    Fears of a large public budget deficit are increasing, as specialists in economic affairs have warned of the country entering an uncalculated equation in the event of a continuing fiscal deficit and a drop in oil prices, in addition to the repercussions of stopping the region's exports.


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    The persistence of the deficit in the budget law will enter the country into a dangerous and uncalculated equation, especially with the continued gradual decline in oil prices globally. The deficit rate, which amounts to more than twenty percent, with a number considered the largest over the previous years, will be paid coinciding with any recession or collapse in the markets to disastrous ends. Not commendable.


    The allocation of explosive funds in the operating budget, according to specialists, requires careful review by the Parliamentary Finance Committee, and work to reduce expenditures and make transfers without prejudice to the allocations listed for service, health and other projects.
    According to members of the Finance Committee, the suspension of the region’s exports increased the budget deficit, because among the state’s imports are [You must be registered and logged in to see this link.] thousand barrels of oil that are exported from the region and were included in the budget, and that if the region does not export oil, it will not take any sums from [You must be registered and logged in to see this link.], and here will be a new problem regarding employee salaries, Indicating that within the budget deficit is the value of exporting oil from the region, and if it is not exported, the deficit will be greater, because the state’s resources amount to three million five hundred thousand barrels per day, including [You must be registered and logged in to see this link.] thousand from the region, meaning that [You must be registered and logged in to see this link.] will sell three million and one hundred thousand barrels only in this the condition.
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