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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


    Government breakdown of 2024 budget schedules: Spending will contribute to reducing the deficit

    Rocky
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    Government breakdown of 2024 budget schedules: Spending will contribute to reducing the deficit Empty Government breakdown of 2024 budget schedules: Spending will contribute to reducing the deficit

    Post by Rocky Sat 25 May 2024, 6:51 am

    Government breakdown of 2024 budget schedules: Spending will contribute to reducing the deficit

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    Economy News - Baghdad
    [rtl]The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Saturday, that the variables of the financial tables conform to the constants of the tripartite budget, while indicating that the spending pattern will contribute to reducing the deficit.[/rtl]
    [rtl]Saleh said, “The announcement of the financial schedule variables for the year 2024 was in accordance with the constants adopted by Law No. 13 of 2023, the Federal (Tripartite) General Budget Law, especially with regard to the hypothetical deficit, which amounts to approximately 64 trillion dinars.”
    He explained: "There are important trends in the management of the public budget, whether in addition to public expenditures, as the spending ceiling reached 211 trillion dinars, or revenues and deficits."[/rtl]
    [rtl]He pointed out that "oil prices are still exceeding their estimates in the tripartite budget of $70 per barrel, with a positive change rate of more than 16 percent above the approved price, and we are approaching the middle of the fiscal year while maintaining the export rates approved in the budget and managing oil production efficiently and accurately." “In accordance with international agreements with OPEC regarding control over production quotas.”[/rtl]
    [rtl]He added: "There is high discipline in maximizing non-oil revenues, especially tax and customs revenues, specifically after adopting automation, modern methods and information technology in tax and customs assessment, estimation, and collection." [/rtl]
    [rtl]He pointed out that "we must strive to impose discipline on operational expenditures and keep spending on them within acceptable minimum limits, in addition to ensuring that we raise the efficiency of investment spending and operate all approved projects, in order to ensure a high growth rate in the gross domestic product at a rate exceeding twice the rate of population growth, by launching the project movement." New without delay or stop.[/rtl]
    [rtl]He stressed that “the pattern of public spending, in accordance with the schedules announced, is characterized by accuracy, objectivity, and self-savings, which contributes to reducing the resort to financing the actual deficit, even when needed, through internal borrowing and within limits that ultimately do not exceed the accepted international standard percentage for financing the deficit, which amounts to 3 percent.” of the country's total gross domestic product.[/rtl]
     


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