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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


    Sudanese advisor: The rise in oil achieves two budget goals

    Rocky
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    • Post n°1

    Sudanese advisor: The rise in oil achieves two budget goals Empty Sudanese advisor: The rise in oil achieves two budget goals

    Post by Rocky Wed 13 Sep 2023, 6:46 am

    Sudanese advisor: The rise in oil achieves two budget goals
    • Time: 09/13/2023 14:39:48
       
    • Read: 104 times

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    {Economic: Al-Furat News} Mazhar Muhammad Saleh, the economic advisor to the Prime Minister, Muhammad Shiaa Al-Sudani, said that two financial budget goals were likely to be achieved due to the continued rise in oil prices.
    Saleh told Al-Furat News Agency, "It is possible to benefit from the expected rise in oil prices in reducing the budget deficit through relaxed spending in its law without a shortage in funding."
    He pointed out that "fiscal policy resorts to converting part of the hypothetical deficit into an actual deficit, which leads to the hypothetical in all cases, which means dispensing with borrowing when urgent financial necessity occurs."
    In another statement, Saleh said, “The general budget for three years was built on a hypothetical deficit of 64 trillion dinars per year,” pointing out that “the government will not face the problem of the deficit this year (2023) in light of the rise in oil prices and their reaching a high level, and that There is an abundance achieved this year of about 23 trillion dinars, in addition to the delay in the budget and some expenses that were not achieved.”
    Saleh pointed out, “If the price of oil per barrel reaches $70, then in the next two years a deficit of less than 130 trillion dinars will be achieved for the years 2024 and 2025. This is a large number, and it is what the Prime Minister indicated regarding the issue of managing the deficit.”
    Raghad Dahham
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