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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


    The budget is considered “numbers on paper”... revenues for the first 4 months are 15% less than wha

    Rocky
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    The budget is considered “numbers on paper”... revenues for the first 4 months are 15% less than wha Empty The budget is considered “numbers on paper”... revenues for the first 4 months are 15% less than wha

    Post by Rocky Sat 22 Jun 2024, 6:47 am

    [size=35][size=35]The budget is considered “numbers on paper”... revenues for the first 4 months are 15% less than what Iraq expects[/size]
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    Special Sumerian

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    2024-06-22 | 06:17
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    Al-Sumaria News - Special

    Despite the end of the first half of the current year, the Ministry of Finance began distributing estimates of current expenditures, revenues, and investment projects for the year 2024 to the ministries and governorates, in a late measure that came mainly due to the delay in approving the budget schedules, which did not take place until the second of this June by the Council of Ministers. Representatives.


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    The delay in schedules and spending plans often makes the numbers contained in the budget mere numbers on paper, which do not resemble the imposed reality, while[url=https://www.alsumaria.tv/entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url]A look at the size of actual expenditures and revenues, not those planned in the budget, for the first four months of this year compared to what is in the budget.



    [You must be registered and logged in to see this link.] are 15% less than planned.

    The 2024 budget tables indicate that the estimated revenues for 2024 amount to 147.8 trillion dinars, which means that[You must be registered and logged in to see this link.]During the current year, this amount must be achieved, at a monthly rate of 12.3 trillion dinars, divided into 10 trillion dinars in oil revenues and 2.2 trillion dinars in non-oil revenues, so that the total revenues for 4 months will amount to more than 49 trillion dinars.

    However, reality shows that revenues...[You must be registered and logged in to see this link.]Within 4 months, it amounted to 42 trillion dinars only, meaning that the revenues achieved were 15% less than planned.[You must be registered and logged in to see this link.]In the budget.

    Oil revenues amounted to a monthly average of 9.5 trillion, instead of the 10 trillion per month that was planned, and non-oil revenues amounted to 1.1 trillion instead of the 2.2 trillion dinars planned in the budget, and while it can be said that after June, that is, after the approval of the schedules, it is possible that the rate of non-oil revenues will rise. Oil revenues due to the imposition of new fees, but it is not expected to double from 1 to 2 trillion per month as the budget plans, and even if non-oil revenues increase, oil revenues cannot rise according to government measures, especially since oil prices are volatile and close in the first months. Of the year.

    [You must be registered and logged in to see this link.] are 45% less than planned.

    As for expenditures, the budget estimates them at 212 trillion dinars, meaning that...[You must be registered and logged in to see this link.]To spend 17.6 trillion dinars monthly, and within 4 months it must be spent[You must be registered and logged in to see this link.]70.6 trillion dinars, but the truth is that what he spent[You must be registered and logged in to see this link.]During the first four months of the current year, it amounted to more than 37 trillion dinars only, that is[You must be registered and logged in to see this link.]Only 52% of planned spending was spent.

    However, it is expected that the pace of spending will increase after the schedules are approved, as spending is among the government decisions that it can take, unlike oil revenues, and if spending increases, the risk will increase, as the percentage of spending increases and reality approaches the plan, with a decline in the percentage of revenues achieved. Far from its planned size, it will increase the deficit that was not covered by the budget, that is, it can be described as a “sudden deficit” that was not planned for or loans or debts were not allocated to pay it, as happened with the deficit that was originally in the budget and how to address it is planned.
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