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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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    The government is seeking to rationalize spending and reduce the deficit in 2015

    day dreamer
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    The government is seeking to rationalize spending and reduce the deficit in 2015 Empty The government is seeking to rationalize spending and reduce the deficit in 2015

    Post by day dreamer Tue 02 Dec 2014, 4:35 pm

    The government is seeking to rationalize spending and reduce the deficit in 2015

         
    3/12/2014 0:00


    After falling oil prices about 40 percent
      BAGHDAD - Farah pumice
      After the organization, "OPEC" decision to keep crude oil production rates without reducing, Maravgah of a significant drop in prices in the global market, the government is seeking to rationalize spending and reduce the deficit to a realistic proportion within the draft budget law next year 2015.
    Fell Brent crude price towards $ 72 a barrel, or about 40 percent over the five consecutive months in the longest monthly decline since the financial crisis in 2008 with bypass supply growth thanks to a boom in shale oil production in the United States, as it tumbled prices having decided OPEC to maintain the production level unchanged.
    In light of this sharp decline has caused a serious rise in disability rates, the Cabinet decided to form a ministerial committee shall conduct a comprehensive review of public expenditure of the state to come up with recommendations address the projected shortfall in the budget year 2015. In this regard, speaking of the "morning" economist Dr. appearance of Mohammed Saleh , saying: "The Ministry of Finance was working very seriously to stop the excess expenses to deal with the expenses that plague the operational side and a burden on the budget, in order to defend Iraq in the army equipped and armed forces and the crowd popular of all supplies, as well as the implementation of the value of higher-yielding Kalpnah investment projects agricultural infrastructure and electricity projects and industrial projects. "
    Saleh added that "the country before the financial challenge can be met, and the main objective is to address the waste of resources and stopped and follow the priorities in the implementation," adding that the priorities in the budget is to defend the territory of Iraq, especially as the country faces a fierce attack by "Daash" gangs of terror. "
    He noted that the budget is a schematic statement for the year in question, as it must be enforceable and commensurate with the financial resources and maintain the financial sustainability of the country and not loaded fiscal deficits, either if he got a deficit but it is a deficit can be easily financed and within normal limits, which does not exceed 3 percent of gross domestic product. As for 2014, it did not register a deficit and inflation, according to Saleh, and calculated in actual expenses versus actual revenues, which will be presented as an account closing at the end of the year, stressing the stop wasteful expenditure of luxury and can be avoided and postponed Kt_khasisat allocated to ministries and institutions annual Furniture. On the foreign exchange reserves of the Central Bank, the expert explained that this cash reserve to Aimol public finances, but funded by the market and maintains stability, and that there is cooperation and coordination aloft between monetary and fiscal policy to support the financial situation and the limits of the law and the activities possible.




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