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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


    triv Oil sector reform to correct the budget

    day dreamer
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    Posts : 3197
    Join date : 2012-12-19
    • Post n°1

    triv Oil sector reform to correct the budget Empty triv Oil sector reform to correct the budget

    Post by day dreamer Sun 15 Feb 2015, 8:06 pm

    triv Oil sector reform to correct the budget

         
     
    2/16/2015 0:00


      Hisham Yas
      • the general budget is one of the most important landmarks of modern civil state.
    • Identify the form of general budget in terms of its objectives and drawing preparation and approval mechanisms and ways to implement and monitor the manner in general depends on the nature of the economies of nations and the ruling philosophy and the form of political, economic and social systems of these countries are going.
    • the general budget of the year is the concept plan for government spending in the near future (usually a year) and channels this spending by, and government revenues in the near future and the sources of financing of these revenues on the other.
    • Iraq as developing economies are still identity is not clear in the combine and large government sector on the one hand and the adoption of the philosophy of encouraging the private sector on the other hand, it depends critically on the revenues of oil exports to finance government expenditure (investment and operational) while dominate these expenses paragraphs salaries and support government and armament.
    • Description of this external factor is represented by the conditions of the global oil markets is the crucial element in determining the size of the general budget and subject to his overall needs of government spending (economic and non-economic).
    • The reality of the situation, the oil sector in Iraq is (focal point) between the global oil markets and the national economy as a whole through its ability to expand in the development of oil fields and increase production rates and increase the share of its oil exports and achieve financial returns are almost the only source to finance the state budget.
    • Repair of the oil sector in Iraq could be (the right way) to correct the general budget situation (next to the economic reforms package in other sectors), under this reform extends to law reform and adjustment policies and actions that serve eventually in compression costs and increase the financial resources or the development of space new sources of funding.
    • the proposed reforms for the oil sector package, which are just ideas and not definitive solutions, can be moving on two tracks, involves the first track on the fundamental changes while the second includes policies and measures to support the group.


    Key changes include:


    • Use of global expertise to examine the question of conditioning portion of the petroleum licensing contracts of service contracts to production sharing contracts to ease the pressure of the costs (financial obligations) to Iraq.
    • Develop a special budget for the independent oil sector for the state budget includes operating and investment budget, including the payment of financial obligations to the licensing companies mechanism.
    • the immediate lifting of petroleum products intermediate and final prices in varying proportions and gradually.
    • relieve momentum rush to rapid increases in oil production (and especially the fiery statements of production access to 12 and then 10 and then eight million barrels per day) and convert this momentum towards the exploitation of gas fields and the exploitation of gas burning and investment industries, petrochemical and development investment oil ports and transportation lines at home and abroad.
    Support measures and policies
    • gradual shift toward real accounts of the relationship between activities (extraction and filtering, transmission and distribution ...).
    • real review of the relationship between productivity and wages for workers in the joints of the oil sector.
    • Use of global expertise to adjust costs and budgets and financial management in licensing contracts.
    • gradual shift towards non-extractive oil investments.
    • stop offering free oil services or at nominal prices.
    • promotion of small fast-yield oil investments.
    • a serious review of the costs of illegal (spending on diverse and multi-sports teams, the establishment of parks, memorials and statues, ceremonies, honors and the distribution of aid, gifts and donations ...).
    • Expansion of professional departments experienced base in the sector management reform and to take decisions.
    These proposals with extreme importance can not be a substitute for economic plans within the overall economic reform program but additional bold steps which may be radical and quick fixes to the oil sector and the time himself supportive of the general budget in the near-term comprehensive economic reform during the term medium and long range.




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