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[size=36]An expert counts budget expenditures and warns of a (big dilemma)[/size]
Economy| 02:58 - 05/13/2023
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Baghdad - Mawazine News
, economist Nabil Al-Marsoumi warned, on Saturday, of Iraq's exposure to a "major financial and economic impasse" whose features will begin in the next year, especially if there is no significant increase in Iraqi oil exports and in global oil prices.
Al-Marsoumi wrote on his Facebook page, “Fixed expenses in the 2023 budget.
Salaries of employees on fixed staff = 59.814 trillion dinars.
Self-financing salaries = 2.102
social welfare = 27.941 trillion dinars.
Internal and external debt service installments = 18.962 trillion dinars.
Expenses of oil licensing contracts with expenses.” Transporting Kurdistan 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 dinars.
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 Iraq to a major financial and economic impasse, the features of which will begin in the next year, especially If there is no significant increase in Iraqi oil exports and in world oil prices. Ended 29/N33
, economist Nabil Al-Marsoumi warned, on Saturday, of Iraq's exposure to a "major financial and economic impasse" whose features will begin in the next year, especially if there is no significant increase in Iraqi oil exports and in global oil prices.
Al-Marsoumi wrote on his Facebook page, “Fixed expenses in the 2023 budget.
Salaries of employees on fixed staff = 59.814 trillion dinars.
Self-financing salaries = 2.102
social welfare = 27.941 trillion dinars.
Internal and external debt service installments = 18.962 trillion dinars.
Expenses of oil licensing contracts with expenses.” Transporting Kurdistan 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 dinars.
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 Iraq to a major financial and economic impasse, the features of which will begin in the next year, especially If there is no significant increase in Iraqi oil exports and in world oil prices. Ended 29/N33
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