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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


    New figures on the budget.. This is what the government needs to cover its operational and investmen

    Rocky
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    New figures on the budget.. This is what the government needs to cover its operational and investmen Empty New figures on the budget.. This is what the government needs to cover its operational and investmen

    Post by Rocky Tue 23 May 2023, 4:01 am

    [size=35][size=35]New figures on the budget.. This is what the government needs to cover its operational and investment expenses[/size]
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    Economy

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    2023-05-23 | 03:30
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    Alsumaria News - Economy

    The draft federal budget law, which has been prolonged as a result of political differences over some files, is still waiting for popular circles, at a time when economists revealed what the Iraqi government needs to cover its operational and investment expenses if it approved its current situation, amounting to 199 trillion dinars.


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    The economist said[url=https://www.alsumaria.tv/Entity/1180725589/%D9%85%D9%86%D8%A7%D8%B1 %D8%A7%D9%84%D8%B9%D8%A8%D9%8A%D8%AF%D9%8A/ar/]Manar Al-Obaidi[/url]In a post I followed[url=https://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url]If the budget is approved in its current state of 199 trillion dinars, the Iraqi government will need an average of 552 billion dinars per day to cover its operational and investment expenses.



    He added, "The source of the Iraqi dinar for the Iraqi government is the central bank, and in order to provide this amount of dinars, the central bank has two options: *

    Either sell the value of 420 million dollars per day through the window of selling hard currencies to save the dinar, which is complicated during this period, or increase the cash currency." issued by the bank.

    And the expert continued, "If the central provides an Iraqi dinar in exchange for selling 280 million dollars per day, then it will provide a daily dinar for the Iraqi government at a value of 370 billion dinars, so the remaining amount of 180 billion must be provided through an increase in the cash currency issued, which will reach within a year if this option is adopted, up to 60 trillion." An additional dinar of the cash currency, and this means that the cash currency issued within a year from now will reach more than 160 trillion Iraqi dinars, compared to the current situation of 96 trillion dinars of the cash currency issued, and this means the possibility of increasing inflation rates and rising prices during the next stage. .
    Earlier, the Parliamentary Finance Committee announced that it would vote on most of the items and paragraphs of the budget, in preparation for submitting it to[url=https://www.alsumaria.tv/Entity/3228668091/%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8/ar/]Parliament[/url].

    He would have agreed[url=https://www.alsumaria.tv/Entity/3169148732/%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Iraqi Council of Ministers[/url]On March 13, he approved the draft budget law for the years 2023, 2024, and 2025 and referred it to[url=https://www.alsumaria.tv/Entity/3228668091/%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8/ar/]Parliament[/url].

    and finished[url=https://www.alsumaria.tv/Entity/3228668091/%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8/ar/]Parliament[/url], the first and second readings of the draft federal budget law for[url=https://www.alsumaria.tv/Entity/47585/%D8%AC%D9%85%D9%87%D9%88%D8%B1%D9%8A%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]The Republic of Iraq[/url]provided by the government[url=https://www.alsumaria.tv/Entity/2793230493/%D9%85%D8%AD%D9%85%D8%AF %D8%B4%D9%8A%D8%A7%D8%B9 %D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A/ar/]Mohamed Shiaa Al-Sudani[/url]For the fiscal years (2023, 2024, 2025)

    and the 2023 budget is the largest in the history of Iraq after 2003, the Prime Minister said[url=https://www.alsumaria.tv/Entity/2793230493/%D9%85%D8%AD%D9%85%D8%AF %D8%B4%D9%8A%D8%A7%D8%B9 %D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A/ar/]Mohamed Shiaa Al-Sudani[/url]Its total amounts to more than 197 trillion dinars (135 billion dollars), including an operating budget of more than 150 trillion dinars, and an investment budget of about 47 trillion.

    The estimated deficit rate is close to 63 trillion Iraqi dinars, and the total expected revenues are equivalent to more than 134 trillion dinars, while oil revenues are estimated at 117 trillion dinars based on an oil price of $70, while non-oil revenues amount to 17 trillion.

    The last budget approved in Iraq dates back to April 2021, while one was not adopted in 2022 due to the political turmoil that paralyzed the country for a year after the last legislative elections.
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