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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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    Financial advisor: The financial tables conform to the principles of the tripartite budget

    Rocky
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    Financial advisor: The financial tables conform to the principles of the tripartite budget Empty Financial advisor: The financial tables conform to the principles of the tripartite budget

    Post by Rocky Mon 27 May 2024, 5:26 am

    [size=38]Financial advisor: The financial tables conform to the principles of the tripartite budget[/size]


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    May 26, 2024[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala Al-Hadath: The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the variables in the financial tables for the 2024 budget conform to the constants of the tripartite budget.
    Saleh said that the variables in the financial tables for the year 2024 were identical to the constants adopted by the Federal General Budget Law (Tripartite) No. 13 of 2023, 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 general budget in addition to public expenditures, as the spending ceiling reached 211 trillion dinars, or revenues and deficits.
    He pointed out that oil prices are still higher than 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 in accordance with international agreements. With OPEC on the issue of controlling production quotas.
    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 estimation, estimation, and collection.
    He pointed out the effort to impose discipline on operational expenditures and keep spending on them within acceptable minimum limits, in addition to ensuring that the efficiency of investment spending and the operation of all approved projects is increased, in order to ensure a high growth rate in the gross domestic product at a rate exceeding twice the population growth rate, by launching the movement of new projects. Without hesitation or stopping.
    He stressed that the pattern of public spending, according to 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 ratio for financing the deficit, which amounts to 3 percent of the amount. The country's total gross domestic product.
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