[size=46]The Sudanese advisor explains in numbers the financial situation data[/size]
Economy
22:18 - 2023-11-11
[You must be registered and logged in to see this image.]22:18 - 2023-11-11
Today, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the financial situation data in numbers, indicating that Iraq did not need to borrow this year, while confirming that the indicators for next year 2024 are positive.
Saleh said in a press interview: “At the level of financial planning for oil resources, the tripartite federal general budget for Iraq adopted the average price of a barrel of oil (as planned oil revenues and throughout each year of the fiscal years 2023, 2024, and 2025). It adopted a price of $70 per barrel exported from Crude oil with export capacities reaching 3 million and 400 thousand barrels per day.”
He added, "The estimated price is a hypothetical precaution to avoid the risks of the cycle of oil assets, and there are financing preparations planned by the budget in the event that oil prices touch an annual average of $70 per barrel or less, providing a hypothetical annual borrowing leverage in the event that prices fall below their estimated limits."
Saleh continued, “The fiscal year 2023 did not indicate an urgent need for borrowing to cover the hypothetical deficit for two main reasons. The first is: “The average price of Iraqi exported oil is still higher than $70 per barrel, with an increase of at least $10 per barrel over what was planned.” Crude oil exported as an annual average, which constituted, in numbers, cash revenue that compensated the country from resorting to internal and external borrowing (with the exception of some prior international financial obligations to finance some investment projects). The other reason is the accumulation of financial balances from the previous fiscal year amounting to approximately 23 trillion dinars, which also helped. The general budget was able to manage its expenditures and obligations and at the same time reduced the gap in the virtual deficit and identified positive indicators for the country’s financial situation.”
The financial advisor to the Prime Minister pointed out that “the data for the next fiscal year 2024 within the tripartite budget and through perceptions of the reality of the oil market and current energy prices provide indicators.” Positive and an increase in global demand for crude oil, which gives reassuring signs about the financial implementation paths for the coming year, and provides relative reassurance in budget resources in the next fiscal year. Fiscal policy may not require borrowing, except within acceptable minimum limits that do not affect the accumulation of debt indicators, and borrowing may be at The necessity to overcome an emergency and temporary deficit requires providing a (bridge loan) for the purposes of implementing development projects similar to what was issued in recent reconstruction bonds in specific amounts.”
Saleh warned that "the state's partnership with the private sector will remain one of the pillars of financial diversification as a strategy for Iraq and is outside the country's rentier flows, that is, by creating joint national financial leverages with the private sector that will constitute the country's financial strategy to provide stronger guarantees in the sustainability of development and the stability of its financing."
[You must be registered and logged in to see this link.]
Yesterday at 7:35 am by Bama Diva
» utube 11/5/24 MM&C MM&C News Report-ICC-Investors-RIYADA BANK-Port of Faw-3 Presidents Seated-Removi
Yesterday at 6:52 am by Rocky
» utube 11/2/24 MM&C Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operati
Yesterday at 6:51 am by Rocky
» With the document.. Cancellation of the suspension of the agricultural plan in the Iraqi "breadbaske
Yesterday at 5:13 am by Rocky
» Economist criticizes government's neglect of tourism, agriculture and dependence on oil
Yesterday at 5:12 am by Rocky
» Al-Sudani: The development path will be an artery linking most countries in the region
Yesterday at 5:11 am by Rocky
» Parliamentary bloc: Popular Mobilization Forces retirement law ready for voting
Yesterday at 5:10 am by Rocky
» Al-Kadhimi: Financial costs and government insistence will force Americans to withdraw militarily
Yesterday at 5:09 am by Rocky
» Parliamentary Committee Rejects Inclusion of Public Money Thieves in Amnesty Decision
Yesterday at 5:08 am by Rocky
» Al-Mashhadani directs to resolve differences over draft laws before submitting them to Parliament
Yesterday at 5:07 am by Rocky
» Emaar: Launching the housing loan application form in early 2025
Yesterday at 5:04 am by Rocky
» Parliamentary Health: The environment needs 2.6 billion dinars to operate air purification stations
Yesterday at 5:03 am by Rocky
» Al-Sudani: We faced major challenges in implementing the “Greater Iraq” project
Yesterday at 5:02 am by Rocky
» Iraqi Ports reveals in numbers the percentage of completion in the Grand Faw Port projects
Yesterday at 5:00 am by Rocky
» More than $300 million.. Central Bank sales increase in today's auction
Yesterday at 4:59 am by Rocky
» Faw Port prepares to receive the first commercial ship
Yesterday at 4:57 am by Rocky
» Service Effort of {Sabah}: Completing all projects with high implementation rates before the end of
Yesterday at 4:57 am by Rocky
» Government agency for digital transformation
Yesterday at 4:55 am by Rocky
» Parliamentary Committee: Final version of the National Day Law
Yesterday at 4:54 am by Rocky
» Al-Imar to {Sabah}: Launching the housing loan application form at the beginning of 2025
Yesterday at 4:53 am by Rocky
» Iraq looks forward to a new phase after Trump's victory
Yesterday at 4:52 am by Rocky
» Training workshops to help the unemployed in Kirkuk
Yesterday at 4:51 am by Rocky
» Nineveh to open oncology hospital in early 2025
Yesterday at 4:50 am by Rocky
» Service Effort: Completion of all projects that exceeded 80% completion rates.
Yesterday at 4:49 am by Rocky
» Parliamentary Health: The environment needs 2.6 billion dinars to operate air purification stations
Yesterday at 4:48 am by Rocky
» Transportation: 20 public transport lines to be launched this month
Yesterday at 4:47 am by Rocky
» Al-Emaar to {Al-Sabah}: Launching the housing loan application form in early 2025
Yesterday at 4:46 am by Rocky
» The most prominent achievements of Al-Sudani's government in the youth care and sports sector files
Yesterday at 4:45 am by Rocky
» Planning: The percentage of women in the workforce does not exceed 13 percent
Yesterday at 4:43 am by Rocky
» Baghdad is the capital of Arab tourism
Yesterday at 4:42 am by Rocky
» Al-Sudani: The Grand Faw Port is Iraq's largest project
Yesterday at 4:39 am by Rocky
» Parliamentary Foreign Affairs Committee to NINA: This is what is delaying the selection of the list
Yesterday at 4:38 am by Rocky
» Parliamentary lawsuit to challenge the contract with the International Finance Corporation
Yesterday at 4:37 am by Rocky
» Minister of Justice issues directive regarding foreign lawsuits file
Yesterday at 4:35 am by Rocky
» How will Trump's victory affect Iraq?
Yesterday at 4:33 am by Rocky
» State Administration Coalition holds meeting with Al-Sudani and Al-Mashhadani in attendance
Yesterday at 4:31 am by Rocky
» Formation of the regional government.. How much influence does the new US administration have on the
Yesterday at 4:30 am by Rocky
» Al-Sudani announces the receipt of the five berths that represent the backbone of Al-Faw Port
Yesterday at 4:29 am by Rocky
» Despite its global rise... Iraqi oil returns to the red zone
Yesterday at 4:27 am by Rocky
» Iraq Counts on the Grand Faw Port, and an Expert Says: It Will Change the Economy - Urgent
Yesterday at 4:25 am by Rocky
» Rafidain Bank expands comprehensive banking system to include 48 branches
Yesterday at 4:23 am by Rocky
» "The reference" indicates the seriousness of the situation... and the political forces "shuffle the
Yesterday at 4:22 am by Rocky
» Criminal wanted by Iraqi judiciary.. Rashid and Al-Sudani’s congratulations to Trump spark widesprea
Yesterday at 4:21 am by Rocky
» State Administration Coalition holds meeting with Al-Sudani and Al-Mashhadani in attendance
Yesterday at 4:19 am by Rocky
» Parliamentary Security and Defense: There are “fake” security companies run by “suspicious” figures
Yesterday at 4:18 am by Rocky
» Fares Issa meets the Czech Ambassador to Iraq
Yesterday at 4:17 am by Rocky
» Al-Sudani issues several directives to lift the ban on Iraqi Airways
Yesterday at 4:16 am by Rocky
» Makkia: Iraq is heading towards a major investment marathon
Yesterday at 4:14 am by Rocky
» Al-Fatlawi: The population census enumeration and numbering process exceeded 98% throughout Iraq
Yesterday at 4:13 am by Rocky
» Ministerial Council: Talk of using Iraqi territory as a launching pad for false pretext attacks
Yesterday at 4:12 am by Rocky
» Türkiye: Our relationship with Iraq is witnessing positive development and we are keen to strengthen
Yesterday at 4:10 am by Rocky
» Basra Gas Company announces the return of production and export operations to normal
Yesterday at 4:08 am by Rocky
» Former Minister Reveals “Exciting” Details Concerning Leaks... What’s the Story of the Electronic Fl
Yesterday at 4:05 am by Rocky
» Al-Sudani receives the five berths of Al-Faw Port from the Korean company
Yesterday at 4:02 am by Rocky
» Implementation of judicial memoranda of understanding on the table of the meeting between Faeq Zidan
Yesterday at 4:01 am by Rocky
» List of dollar prices in Iraqi markets today, Thursday
Yesterday at 3:59 am by Rocky
» It will include smaller areas and eliminate the sponsor.. Insistence on legislating the “Housing Fun
Yesterday at 3:58 am by Rocky
» Prime Minister: We are facing a new Iraq and the path of development will be an artery linking most
Yesterday at 3:56 am by Rocky
» Completion rates have increased fivefold in two years.. “Amazing” information and scenes from Al-Faw
Yesterday at 3:54 am by Rocky
» Central Bank: Importance of cooperation and money transfer to facilitate trade with Azerbaijan
Wed 06 Nov 2024, 7:19 am by Rocky
» Iraqi Businesswomen Council: A safe environment to support women’s entrepreneurship and develop skil
Wed 06 Nov 2024, 7:15 am by Rocky
» Economist: The value of the dinar will decrease and the financial deficit will increase
Wed 06 Nov 2024, 7:12 am by Rocky
» American website: Iraq's budget suffers from a deficit of $49.3 billion
Wed 06 Nov 2024, 7:11 am by Rocky
» Good news for journalists and writers.. The "financial grant" will be launched on this date
Wed 06 Nov 2024, 7:09 am by Rocky
» Iraq is the third Arab country in gold reserves
Wed 06 Nov 2024, 7:06 am by Rocky
» Wanted by Iraqi judiciary.. An "Iraqi-American" diplomatic crisis with Trump's victory in the US pre
Wed 06 Nov 2024, 7:04 am by Rocky
» Central Bank of Iraq sells more than $280 million in auction today
Wed 06 Nov 2024, 6:59 am by Rocky
» Trump's victory... will it be a lifeline from the "judicial guillotine"?
Wed 06 Nov 2024, 6:57 am by Rocky
» After winning the presidential race, Trump talks about a “strong mandate”
Wed 06 Nov 2024, 6:57 am by Rocky
» Al-Sudani chairs meeting with IATA delegation
Wed 06 Nov 2024, 6:54 am by Rocky
» Central Bank Governor stresses need for cooperation to facilitate trade with Azerbaijan
Wed 06 Nov 2024, 6:53 am by Rocky
» utube 11/6/24 Donald Trump's full victory speech
Wed 06 Nov 2024, 6:50 am by Rocky
» Deep State Confronted by Trump.. Will Elon Musk Lead America, the World and “Mars”?
Wed 06 Nov 2024, 6:43 am by Rocky
» Alsumaria Noon Bulletin Files: Trump's Victory and Objections to the General Amnesty Law
Wed 06 Nov 2024, 6:40 am by Rocky
» Parliamentary bloc explains reasons for demanding extension of legislative term
Wed 06 Nov 2024, 5:11 am by Rocky
» Al-Sudani discusses with an international delegation lifting the ban on Iraqi Airways
Wed 06 Nov 2024, 5:09 am by Rocky
» Axios: Washington warned Baghdad that Israel may attack Iraq if it does not prevent the Iranian atta
Wed 06 Nov 2024, 5:08 am by Rocky
» Trump declares victory in US elections: I will not start wars, but I will end them
Wed 06 Nov 2024, 5:06 am by Rocky
» Parliamentary Foreign Affairs: Trump is wanted by the Iraqi judiciary, but the country's interest co
Wed 06 Nov 2024, 5:03 am by Rocky
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
Wed 06 Nov 2024, 5:01 am by Rocky
» Bitcoin Hits All-Time High in Early Trading
Wed 06 Nov 2024, 4:58 am by Rocky
» Iraq tops the list of countries importing Arab products related to construction activity
Wed 06 Nov 2024, 4:56 am by Rocky
» 2025 Strong national economy and sound banks
Wed 06 Nov 2024, 4:53 am by Rocky
» Government stresses the need to secure petroleum derivatives for energy production
Wed 06 Nov 2024, 4:52 am by Rocky
» Anbar: The second phase of the electricity connection with Jordan has reached its end
Wed 06 Nov 2024, 4:51 am by Rocky
» Iraq's gold holdings rise to more than 152.5 tons
Wed 06 Nov 2024, 4:50 am by Rocky
» Al-Alaq stresses to Azerbaijani ambassador the importance of cooperation in transferring money to fa
Wed 06 Nov 2024, 4:49 am by Rocky
» 7 decisions on the general population census
Wed 06 Nov 2024, 4:47 am by Rocky
» The world awaits the new US president
Wed 06 Nov 2024, 4:45 am by Rocky
» Sudanese demands stopping the Zionist aggression
Wed 06 Nov 2024, 4:44 am by Rocky
» Wasit: Distribution of seeds among farmers with a support rate of 70 percent
Wed 06 Nov 2024, 4:43 am by Rocky
» Trade: Central markets {hypermarkets} to officially open in 2025
Wed 06 Nov 2024, 4:42 am by Rocky
» Civil Service Council: Controls for appointing land donors
Wed 06 Nov 2024, 4:41 am by Rocky
» Baghdad Municipality: Measures to avoid damage from oil spills in the Tigris
Wed 06 Nov 2024, 4:39 am by Rocky
» The Board of Trustees discusses a number of topics related to developing the work of the media netwo
Wed 06 Nov 2024, 4:38 am by Rocky
» Sovereign guarantees boost labor market
Wed 06 Nov 2024, 4:36 am by Rocky
» Mazhar Saleh: No impact of oil price drop on operating budget
Wed 06 Nov 2024, 4:35 am by Rocky
» Iraq's share in the IMF
Wed 06 Nov 2024, 4:35 am by Rocky
» Trump's "Historic" Victory: World Leaders Congratulate Him
Wed 06 Nov 2024, 4:33 am by Rocky