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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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    A government advisor reveals a plan to reduce the budget deficit

    Rocky
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    • Post n°1

    A government advisor reveals a plan to reduce the budget deficit Empty A government advisor reveals a plan to reduce the budget deficit

    Post by Rocky Mon 27 May 2024, 7:23 am

    [rtl]A government advisor reveals a plan to reduce the budget deficit[/rtl]

    Economy  ,  05/27/2024 11:24  Number of readings: 180 
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    [rtl]Baghdad - Iraq Today:

    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the variables of the financial tables for the 2024 budget are consistent with the constants of the tripartite budget, and while he indicated that the pattern of spending will contribute To reduce the deficit, he pointed to the presence of high discipline in maximizing non-oil revenues.

    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, “Seeking to impose discipline on acceptable operational expenditures and keeping spending on them within minimum limits, as well as 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 a movement New projects without delay or stop.

    Saleh stressed that “the pattern of public spending, according to the schedules announced, is characterized by accuracy, objectivity, and self-savings, which contributes. To reduce the resort to financing the actual deficit, even when needed, through internal borrowing and within limits that ultimately do not exceed the acceptable international standard ratio for financing the deficit, which is 3 percent of the country's total gross domestic product.[/rtl]
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