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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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    Iraq's financial revenues exceed 106 trillion dinars within 10 months

    Rocky
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    Iraq's financial revenues exceed 106 trillion dinars within 10 months Empty Iraq's financial revenues exceed 106 trillion dinars within 10 months

    Post by Rocky Mon 18 Dec 2023, 4:08 am

    Iraq's financial revenues exceed 106 trillion dinars within 10 months

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    Economy News - Baghdad
    The Ministry of Finance revealed, on Monday, that the volume of Iraqi revenues in the federal budget during ten months exceeded 106 trillion dinars, confirming that the oil contribution to the budget had risen to 95%, while an economic expert warned that the country would continue to rely on oil in its general budget.
     
    This December, the Ministry of Finance issued data and tables, which NRT Arabic viewed, for ten months’ accounts for the current fiscal year, which showed that oil is still the main resource for Iraq’s general budget, reaching 95%, which indicates that the rentier economy is the basis of the country’s budget. the public.
     
    The financial tables indicated that the total revenues until last October amounted to 106 trillion and 843 billion and 96 million and 310 thousand and 311 dinars, after excluding transfer revenues, which amounted to one trillion and 676 billion and 486 million and 640 thousand dinars, indicating that the total expenditures with advances amounted to 84 trillion. And 454 billion, 214 million and 761 thousand dinars.
     
    According to the financial tables, oil revenues amounted to 101 trillion and 940 billion and 1 million and 380 thousand dinars, which constitute 95% of the general budget, while non-oil revenues amounted to 5 trillion and 477 billion and 559 million and 979 thousand dinars.
     
    The Iraqi state’s continued reliance on oil as the sole source of the general budget puts Iraq at risk from the global crises that occur from time to time because oil is affected by them, which makes the country tend every time to cover the deficit through borrowing from abroad or within, and thus indicates the inability to Managing state funds effectively, and the inability to find alternative financing solutions.



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