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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


    Parliament Finance talks about the budget deficit: We will adopt this mechanism to fill it

    Rocky
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    Parliament Finance talks about the budget deficit: We will adopt this mechanism to fill it Empty Parliament Finance talks about the budget deficit: We will adopt this mechanism to fill it

    Post by Rocky Thu May 30, 2024 6:05 am

    Parliament Finance talks about the budget deficit: We will adopt this mechanism to fill it

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    Economy News - Baghdad
    Today, Thursday (May 30, 2024), the Parliamentary Finance Committee revealed the mechanism for filling the financial deficit in the financial budget for the year 2024 sent from the government to the House of Representatives.
    Committee member Moeen Al-Kazemi said, “The 2024 budget, according to the tables sent by the government to the House of Representatives, amounts to (211) trillion dinars, and the government’s oil and non-oil revenues amount to (147) trillion dinars. This means that the deficit will be (64) trillion dinars, and we are in the Finance Committee.” We will follow up on this issue and give our views regarding addressing the deficit at the highest level.”
    Al-Kadhimi stated, “The government wants to address this problem by borrowing from the Central Bank of Iraq in an amount of (20) trillion dinars and from other banks in the amount of (5) trillion dinars and issuing new national bonds for (5) trillion dinars, and with a rise in oil prices, it reaches To (16) trillion dinars, and for this reason we will have multiple meetings with the relevant government agencies to find out the details of this process and how it is possible to bridge the deficit away from borrowing and reduce it.”
    On Wednesday (May 22, 2024), the Parliamentary Finance Committee began holding its first meeting after receiving the 2024 budget schedules, to review the budget schedules and begin studying them for the purpose of proceeding with their approval.
    Later, the Finance Committee confirmed in a statement that it held its first meeting regarding the federal general budget law for the year 2024, with the aim of developing a comprehensive plan to review and analyze the budget schedules and their items after they arrive from the Prime Minister’s Office.




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