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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


    A government advisor provides a briefing on the economic situation in Iraq amid global developments

    Rocky
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    • Post n°1

    A government advisor provides a briefing on the economic situation in Iraq amid global developments Empty A government advisor provides a briefing on the economic situation in Iraq amid global developments

    Post by Rocky Mon 27 Nov 2023, 4:33 am

    A government advisor provides a briefing on the economic situation in Iraq amid global developments

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    Baghdad today - Baghdad
    Today, Sunday (November 26, 2023), the financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, outlined the economic situation in the country with the rise in oil prices on the global market.
    Saleh told “Baghdad Today” that “any increase in the average price of a barrel of exported crude oil above the price approved in the federal general budget of $70 during the fiscal year on average will help reduce the deficit gap, lead the budget to balance, and give the fiscal policy sufficient flows.” To implement investment programs and projects without expanding financing the deficit from external or internal sources, which is the annual deficit estimated at about 63 trillion dinars, and it is expected that the aforementioned deficit will not be reached in the current fiscal year, except for some very limited borrowings.
    He stated, “In light of the above, the fiscal year 2023 is a year in which the federal general budget approaches balance. Despite this, Iraq’s oil revenues and the price of a barrel of oil have touched $80 per barrel on average for the year 2023, so Iraq still represents an economic power in geopolitical terms.” The world of energy affects the path of global demand for oil and is affected at the same time by the repercussions of international events on energy markets.”
    He added, "Clearly, the Asian market constitutes one of the largest recipients of Iraqi oil. In contrast, our country's import ties are largely based on Asia's commodity production. Despite international wars here and there, Iraq's oil and other foreign trade is in a high degree of stability and its situation is consistent with the development of development policy." National and investment projects approved by the three-year budget.
    The financial and economic advisor to the Prime Minister confirmed that “the impact of oil price fluctuations depends on the average annual revenues from a barrel of oil from the same source, and the outcome of the impact of this on the total annual general budget revenues. Certainly, price fluctuations may occur that fluctuate between rise and fall, but the general trend in 2023 is heading towards the rise.”
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    Rocky
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    • Post n°2

    A government advisor provides a briefing on the economic situation in Iraq amid global developments Empty A government advisor provides a briefing on the economic situation in Iraq amid global developments

    Post by Rocky Mon 27 Nov 2023, 3:58 pm

    [size=45][size=41]A government advisor provides a briefing on the economic situation in Iraq amid global developments[/size]
     1 hour ago
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    [/size]

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    The financial and economic advisor to the Prime Minister, Mazhar Mohamed Saleh, outlined the economic situation in the country with the rise in oil prices on the global market.
    Saleh said, in a press interview seen by “Taqaddam,” “Any increase in the average price of a barrel of exported crude oil above the price approved in the federal general budget of $70 during the fiscal year on average, will help reduce the deficit gap, lead the budget to balance, and give fiscal policy flows.” sufficient to implement investment programs and projects without expanding financing the deficit from external or internal sources, which is the annual deficit estimated at about 63 trillion dinars, and it is expected that the aforementioned deficit will not be reached in the current fiscal year, except for some very limited borrowings.”
    He stated, “In light of the above, the fiscal year 2023 is a year in which the federal general budget approaches balance. Despite this, Iraq’s oil revenues and the price of a barrel of oil have touched $80 per barrel on average for the year 2023, so Iraq still represents an economic power in geopolitical terms.” The world of energy affects the path of global demand for oil and is affected at the same time by the repercussions of international events on energy markets.”
    He added, "Clearly, the Asian market constitutes one of the largest recipients of Iraqi oil. In contrast, our country's import ties are largely based on Asia's commodity production. Despite international wars here and there, Iraq's oil and other foreign trade is in a high degree of stability, and its situation is consistent with the development of development policy." National and investment projects approved by the three-year budget.”
    The financial and economic advisor to the Prime Minister confirmed that “the impact of oil price fluctuations depends on the average annual revenues from a barrel of oil from the same source, and the outcome of the impact of this on the total annual general budget revenues. Certainly, price fluctuations may occur that fluctuate between rise and fall, but the general trend in 2023 is heading towards the rise.”
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