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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


    The 7 most important risks facing Iraq, according to the latest reports of the International Monetar

    Rocky
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    • Post n°1

    The 7 most important risks facing Iraq, according to the latest reports of the International Monetar Empty The 7 most important risks facing Iraq, according to the latest reports of the International Monetar

    Post by Rocky Sat 23 Dec 2023, 4:27 am

    The 7 most important risks facing Iraq, according to the latest reports of the International Monetary Fund
    [You must be registered and logged in to see this link.] |Today,
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    Baghdad today - Baghdad
    Today, Saturday (December 23, 2023), economic expert Nabil Al-Marsoumi summarized 7 risks facing Iraq that were mentioned in the latest report of the International Monetary Fund.
    Al-Marsoumi said in a clarification received by “Baghdad Today” that “despite the positive signals included in the report of the International Monetary Fund experts after their visit to Iraq on December 19, 2023, which included a recovery in economic activity in Iraq and a decline in inflation rates, the report indicated in detail some risks.” Challenging the Iraqi economy.
    He explained that the most important of these risks are:  
    First: The significant expansion of public finances within the framework of the effective three-year budget law imposes significant and important risks on the sustainability of the public finances and the external sector in the medium term.
    Second: Exercising caution in public financial conditions and implementing structural reforms are considered extremely important factors in ensuring the protection of macroeconomic stability and sustainability, and achieving lasting and more comprehensive growth.
    Third: The decline in oil production after the closure of the oil pipeline linking Iraq and Turkey, and the reduction in production at the request of the OPEC+ group, will work together to reduce the growth of the gross domestic product in the years 2023 and 2024. 
    Fourth: The public finance balance is expected to transform from a large surplus achieved in 2022 to a budget deficit in 2023. Experts expect the size of the government’s fiscal deficit to expand further in 2024, reflecting the full annual impact of budget measures. 
    Fifth: The significant expansion of public finances, including a fundamental increase in the numbers of members of the public sector and retirement, creates permanent requirements for public spending that will put pressure on public funds in the medium term.
    Sixth: Mobilizing more non-oil revenues, containing the wage bill for government employees, and reforming the government retirement system. These measures must be supported by a move to a more targeted social safety net that works to provide better protection for vulnerable groups.
    Seventh: The necessity of creating equal opportunities for the private sector by implementing reforms in banking and the electricity sector, reducing distortions in the labor market, and continuing to make efforts aimed at strengthening governance and reducing the spread of corruption.
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    Rocky
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    • Post n°2

    The 7 most important risks facing Iraq, according to the latest reports of the International Monetar Empty The 7 most important risks facing Iraq, according to the latest reports of the International Monetar

    Post by Rocky Sat 23 Dec 2023, 4:31 am

    The 7 most important risks facing Iraq, according to the latest reports of the International Monetary Fund
    [You must be registered and logged in to see this link.] |Today
    [You must be registered and logged in to see this image.]

    +A
    -A


    Baghdad today - Baghdad
    Today, Saturday (December 23, 2023), economic expert Nabil Al-Marsoumi summarized 7 risks facing Iraq that were mentioned in the latest report of the International Monetary Fund.
    Al-Marsoumi said in a clarification received by “Baghdad Today” that “despite the positive signals included in the report of the International Monetary Fund experts after their visit to Iraq on December 19, 2023, which included a recovery in economic activity in Iraq and a decline in inflation rates, the report indicated in detail some risks.” Challenging the Iraqi economy.
    He explained that the most important of these risks are:  
    First: The significant expansion of public finances within the framework of the effective three-year budget law imposes significant and important risks on the sustainability of the public finances and the external sector in the medium term.
    Second: Exercising caution in public financial conditions and implementing structural reforms are considered extremely important factors in ensuring the protection of macroeconomic stability and sustainability, and achieving lasting and more comprehensive growth.
    Third: The decline in oil production after the closure of the oil pipeline linking Iraq and Turkey, and the reduction in production at the request of the OPEC+ group, will work together to reduce the growth of the gross domestic product in the years 2023 and 2024. 
    Fourth: The public finance balance is expected to transform from a large surplus achieved in 2022 to a budget deficit in 2023. Experts expect the size of the government’s fiscal deficit to expand further in 2024, reflecting the full annual impact of budget measures. 
    Fifth: The significant expansion of public finances, including a fundamental increase in the numbers of members of the public sector and retirement, creates permanent requirements for public spending that will put pressure on public funds in the medium term.
    Sixth: Mobilizing more non-oil revenues, containing the wage bill for government employees, and reforming the government retirement system. These measures must be supported by a move to a more targeted social safety net that works to provide better protection for vulnerable groups.
    Seventh: The necessity of creating equal opportunities for the private sector by implementing reforms in banking and the electricity sector, reducing distortions in the labor market, and continuing to make efforts aimed at strengthening governance and reducing the spread of corruption.
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