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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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    Sudanese Advisor: The International Monetary Fund relies on the standard of major non-oil financial

    Rocky
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    Sudanese Advisor: The International Monetary Fund relies on the standard of major non-oil financial Empty Sudanese Advisor: The International Monetary Fund relies on the standard of major non-oil financial

    Post by Rocky Sun 24 Dec 2023, 7:32 am

    [size=33]Sudanese Advisor: The International Monetary Fund relies on the standard of major non-oil financial balances
    Because non-oil revenues are less than total expenditures, the result is negative[/size]
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    Zagros Arabia - Erbil

    The Prime Minister's economic advisor, Mazhar Muhammad Saleh, confirmed that the International Monetary Fund relies on the standard (major non-oil financial balances) to determine the structure of the economy in both financial and real terms outside the oil sector.

    This came as a comment on the warnings of the Central Bank Governor regarding the increase in the non-oil deficit in the state’s resources and the need to address it. Specialists found that there is a need to address this deficit to maintain economic growth in the country.

    The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, said in a media interview reported by the official newspaper, and followed by Zagros Arabia: “The measure adopted by the International Monetary Fund to know the structure of the economy in financial and real terms from outside the oil sector, is called the standard (major non-oil financial balances). ).

    He explained, "This criterion is calculated through an equation in which the numerator is the result of subtracting non-oil revenues from total government spending, and the net subtraction is divided by the non-oil GDP, so that we get a negative number, which is supposed to decrease as the diversification of the economy increases."

    He added, “Because non-oil revenues are less than total expenditures, the result is negative, and the lower the percentage, even if it is negative, this means that (either non-oil revenues have increased, or non-oil GDP has also increased, or both, and this depends on The degree of high growth rates in the non-oil sectors of the economy and their diversification.”

    Central Bank Governor Ali Al-Alaq said earlier that the non-oil deficit in state resources exceeds 80%, and this “threatens the state’s financial situation,” while pointing out that the government cannot redistribute income within existing tools.

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