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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

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    The Prime Minister's advisor explains the spending priorities in the budget

    Rocky
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    The Prime Minister's advisor explains the spending priorities in the budget Empty The Prime Minister's advisor explains the spending priorities in the budget

    Post by Rocky Thu Sep 21, 2023 10:10 am

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    [You must be registered and logged in to see this image.] 09-19-2023, 15:10


    Baghdad - INA - Nassar Al-Hajj
    The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Tuesday, that the improvement in oil revenues will reduce estimates of the deficit gap and avoid resorting to borrowing, while clarifying the priorities for spending in the budget.
    Saleh told the Iraqi News Agency (INA), “The accuracy of the timing of disbursement in the general budget as planned reflects the degree of efficiency of the performance of the budget itself in terms of the conformity of the executive path with annual financial planning. ”
    He added, "With the exception of the current expenditures that must be implemented, such as monthly salaries, support, and external obligations related to debts and other payments, the improvement in oil revenues will reduce estimates of the deficit gap and help overcome the resort to borrowing to fill the deficit, especially in implementing special programs in the operating budget, and investment spending on planned projects." According to its strategic priorities, which are directly linked to raising the degree of growth in the gross domestic product and in accordance with the implementation schedules and specific timelines without delay .”
    He continued, "There is a correlation between the reduction in deficit estimates due to the improvement in public revenues from oil revenues and other revenues, and the efficiency of implementing investment programs and projects in the general budget, which confirms the success of the efficiency of implementation by matching spending with the country's annual financial planning without delay. Therefore, the reduction in the planned deficit Due to the development of oil resources, it will accelerate investment spending, which represents the basis of development and material economic progress, and at the same time reflects the efficiency of financial implementation .”
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