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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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    An economist reveals Iraq's loss of financial revenues during the first half of this year

    Rocky
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    An economist reveals Iraq's loss of financial revenues during the first half of this year Empty An economist reveals Iraq's loss of financial revenues during the first half of this year

    Post by Rocky Sat 01 Jul 2023, 11:51 am

    [rtl]An economist reveals Iraq's loss of financial revenues during the first half of this year[/rtl]

    economy  ,  01/07/2023 20:42  , Number of readings: 141 
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    [rtl]Baghdad - Iraq today:

    Nabil Al-Marsoumi, professor of economics at the University of Basra, spoke on Saturday about Iraqi oil revenues for the first half of 2023. Al-Marsoumi said in a statement

    , "Iraqi oil revenues during the first half of 2023 came as follows: -

    The oil revenues achieved until June 2023 = 44.337 billion dollars -

    Oil revenues achieved until June 2022 = 61.5 billion dollars -

    The decrease in oil revenues during these two periods = 17.163 billion dollars -

    The percentage of decline between these two periods = 39%

    He added, “The oil revenues achieved in the first half of the year 2023 are equivalent to 57.6 trillion dinars, which is one trillion dinars less than the oil revenues estimated in the 2023 budget, and this means an increase in the budget deficit by one.” trillion dinars The significant decline in Iraqi oil revenues in 2023 is related to To a large extent, the decline in world oil prices, and to a lesser extent, the decrease in oil production and exports due to the restrictions of OPEC Plus, which are reduced The production share of Iraqi oil is about 430 thousand barrels per day, in addition to the suspension of exports from the Kurdistan and Kirkuk fields since last March 25, which amounted to 470 thousand barrels per day.

    And he continued, "This decline will negatively affect the total oil revenues achieved in 2023 compared to the revenues achieved in 2022, which amounted to $115 billion, which casts a dark shadow over the 2023 budget, which is burdened with a large deficit, which mainly depends on oil revenues in its public revenues.[/rtl]
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