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Neno's Place Established in 2006 as a Community of Reality


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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 a "financial impasse" awaiting Iraq: its features will begin next year

    Rocky
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    • Post n°1

    An economic warning of a "financial impasse" awaiting Iraq: its features will begin next year Empty An economic warning of a "financial impasse" awaiting Iraq: its features will begin next year

    Post by Rocky Sat 13 May 2023, 3:54 am

    [size=35][size=35]An economic warning of a "financial impasse" awaiting Iraq: its features will begin next year[/size]
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    Economy

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    2023-05-13 | 03:12
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    Alsumaria News - Economy

    The economist, Nabil Al-Marsoumi, saw today, Saturday, that there are general burdens that are difficult to reduce, and the burden of them will be borne by the 2023 budget and the upcoming annual budgets, while he indicated that this will expose Iraq to a major financial and economic impasse, the features of which will begin next year.


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    Al-Marsoumi stated, in a post followed by Al-Sumaria News, that “fixed expenses in the 2023 budget:

    - Employee salaries on fixed staff = 59.814 trillion dinars

    - Self-financing salaries = 2.102

    - Social welfare = 27.941 trillion dinars



    - Internal and external debt servicing installments = 18.962 trillion dinars

    - Expenses of oil licensing contracts with expenses for transporting [You must be registered and logged in to see this link.] oil = 15 trillion dinars

    - Importing gas and electricity = 4.841 trillion dinars


    - Electricity wages for the local investor = 2 trillion dinars

    - Total fixed burdens in the budget = 130.660 trillion He


    added, "These expenditures are public burdens that are very difficult to reduce, and their burden will be borne by the 2023 budget and the upcoming annual budgets, which in total are greater than the expected oil revenues, which amount to 117 trillion dinars in 2023, which will expose [You must be registered and logged in to see this link.] to a major financial and economic impasse, the features of which will begin next year." Especially if there is no significant increase in Iraqi oil exports and international oil prices."
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