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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


    Parliamentary Oil: The rise in crude prices will reduce the budget deficit to 50%

    Rocky
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    Parliamentary Oil: The rise in crude prices will reduce the budget deficit to 50% Empty Parliamentary Oil: The rise in crude prices will reduce the budget deficit to 50%

    Post by Rocky Tue 12 Sep 2023, 5:27 am

    Parliamentary Oil: The rise in crude prices will reduce the budget deficit to 50%
    • Time: 09/12/2023 08:38:43
       
    • Read: 1,261 times

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    {Economic: Al-Furat News} The Parliamentary Oil and Gas Committee suggested that global crude oil prices would continue to rise and have a positive impact on Iraq’s budget.
    Committee member Zainab Al-Moussawi said in a press statement, “Iraq is one of the rentier countries that depends more than 95% on the financial revenues generated from the sale of crude oil in global markets.”
    She expected "large financial surpluses to be achieved as a result of these increases, which will lead to reducing the estimated budget deficit by up to 50%," stressing the need to "exploit these increases to support strategic, urban, and service projects."
    Al-Moussawi expected that “oil prices will continue to rise until the end of the
    current world,” attributing the reason to the decline in oil supplies as a result of the positions of Saudi Arabia and Russia, which decided to reduce their oil production.”
    Brent crude futures hovered just above $90 a barrel on Tuesday, as investors awaited a series of macroeconomic data scheduled for later this week, which could indicate whether Europe and the United States will continue to raise interest rates.

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