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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


    Budget 2024.. The government sways between the deficit and the pockets of officials

    Rocky
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    Budget 2024.. The government sways between the deficit and the pockets of officials Empty Budget 2024.. The government sways between the deficit and the pockets of officials

    Post by Rocky Fri May 24, 2024 5:49 am

    [size=38]Budget 2024.. The government sways between the deficit and the pockets of officials[/size]


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    May 24, 2024[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala Al-Hadath: According to Representative Mustafa Sanad, the government has reduced provincial budgets to 2.5 trillion Iraqi dinars for all provinces in Iraq. He pointed out that this reduction was not accompanied by a 30% reduction in the salaries of senior officials, while the budget of the Ministry of Housing was raised to 3.7 trillion dinars.
    Sanad explained that Basra Governorate bore the largest share of the reduction, as its budget was reduced from 2.9 trillion dinars to only 850 billion dinars, despite the fact that the contractors’ debts owed to the governorate amounted to 800 billion dinars so far.
    For his part, economic analyst Nabil Al-Marsoumi considered that there is an unfair distribution of the investment budget in the 2024 budget. Al-Muthanna Governorate, which is considered the poorest in Iraq, received the lowest investment allocations of only about 54 billion dinars, equivalent to 42 million US dollars, followed by Najaf Governorate with 62 billion dinars, then Karbala Governorate with 63 billion dinars.
    Al-Marsoumi pointed out that this unfair distribution contradicts the fact that oil belongs to the Iraqi people, which necessitates a fair distribution of resources to all governorates.
    Representative Mustafa Sanad's statements and the criticism of economic analyst Nabil Al-Marsoumi come in the context of an ongoing discussion about the 2024 budget in Iraq. The Iraqi government faced major challenges in preparing the budget this year due to the decline in oil prices and the increase in the fiscal deficit.
    Therefore, the government was forced to take austerity measures, such as significantly reducing provincial budgets. This measure comes despite the governorates' great needs for reconstruction and improvement of infrastructure and services after years of wars and conflicts.
    Criticisms directed at the inequality in the distribution of resources between governorates also reflect fears of a lack of fairness and transparency in the budget preparation process. There are suspicions about the existence of favoritism and bias in allocating funds to some governorates at the expense of others, which are poorer.
    This controversy highlights the challenges faced by the Iraqi government in reconciling the requirements of financial austerity on the one hand, and the necessity of a fair and transparent distribution of resources to all governorates on the other hand.
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