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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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    Risks and expected solutions regarding the decision to adjust the estimated price for selling crude

    Rocky
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    • Post n°1

    Risks and expected solutions regarding the decision to adjust the estimated price for selling crude Empty Risks and expected solutions regarding the decision to adjust the estimated price for selling crude

    Post by Rocky Sat 08 Jun 2024, 4:16 am

    Risks and expected solutions regarding the decision to adjust the estimated price for selling crude oil

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    Economy News - Baghdad
    [rtl]Researcher in finance and development affairs and academic Aqeel Jabr Ali Al-Muhammadawi[/rtl]
     
    [rtl]The decision to amend the estimated price for selling crude oil from the source contained in the planned federal general budget law from the price of $70 to the price of $80, which resulted in the addition of an amount of 17 trillion Iraqi dinars to cover the planned budget deficit for the year 2024; It is a decision fraught with risks, the most prominent of which are the risks of unsustainability/or the risks of anticipating the failure of financing the federal budget, both operational and investment, resulting from the $10 budget price difference that was not planned in advance, as it generates risks of financial and economic instability in 2024.[/rtl]
     
    [rtl]We are not satisfied with the pessimistic vision, but rather we offer an optimistic vision and solutions, and among these logical and realistic solutions is the importance of returning to/and adopting the balanced or weighted budget price for the purpose of hedging against fluctuations in the cycle of oil assets on the stability of the planned revenues in the 2024 budget, including the risks of expectations of a decline in selling prices. Crude oil in global markets.[/rtl]
     
    [rtl]Modifying the estimated price for selling crude oil for the fiscal year ending 2023 from $70 to $80 is an unusual financial procedure that establishes unsystematic, non-pre-planned, professional financial foundations. If the feasibility of this change is achieved, the amendment should only be made for the years 2024 and 2025, with the exception of The year is 2023. And the importance of devoting a new concept within the goals of the federal budget for the year 2024, which is the targeted deficit in addition to the planned deficit!!! [/rtl]


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