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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


2 posters

    5 governmental committees to collect 14 trillion dinars to avoid a deficit in 2016 budget

    day dreamer
    day dreamer
    day dreamer
    Interacting Investor
    Interacting Investor


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

    5 governmental committees to collect 14 trillion dinars to avoid a deficit in 2016 budget Empty 5 governmental committees to collect 14 trillion dinars to avoid a deficit in 2016 budget

    Post by day dreamer Mon 28 Sep 2015, 9:48 pm

    09/29/2015 (00:01 pm) -



    [ltr][rtl]5 [/rtl]governmental committees to collect 14 trillion dinars to avoid a deficit in 2016 budget [/ltr]


    BAGHDAD / Mohammad Sabah

    [ltr] The federal government is taking proactive steps to address the economic crisis resulting from the deterioration in world oil prices over the government formed five committees to review and evaluate all non-oil revenues estimated with 14 trillion dinars in the 2016 budget.
     The move comes in order to avoid the sharp decline of oil prices continued since the end of 2014, and confirms that the House of Representatives estimate non-oil revenues multiplied by 3 times since 2013, but they do not reckon to get such amounts so.  The mobile phone companies revenues biggest non-oil resource in Iraq. 
    In the meantime, Congress expresses its appreciation for fear of oil exports in the next draft budget, and talk about exaggerated estimates, particularly in the Iraqi government to deal with foreign oil companies to cut production. 
    The Ministry of Finance has announced that it has completed the 2016 budget and sent to the Cabinet for approval and submission to the House of Representatives for approval. 
    And about the calculation of the price of a barrel of oil in the budget of 2016 rate, see MP Ibrahim Bhralalom he was "in line with expectations and speculation to suggest that oil prices will range between $ 40 - $ 55 per barrel in top form for next year." 
    And see Bhralalom, he told the (range), that "it is possible the federal government to deal with the price of $ 45 on average per year after the fluctuation of oil prices in the last year", adding that "the adoption of oil dollars B56 rate in the year's budget in 2015 was due to fears of a rise size of the deficit. "
    It describes a member of the Commission on oil and energy parliamentary price of oil within the budget of 2016 as "appropriate", but he also said, "but the quantities of oil to be exported in 2016 is not appropriate," adding that "the export amounts set by the budget 2016 B3,6 million barrels per day of difficult to achieve ". 
    He continues, former oil minister, said, "In the case of export retention capacity of up to 3.1 million barrels per day, it would be more appropriate to plan in the budget next year." 
    The head of the South Oil Company Hayan Abdul-Ghani Abdul-Zahra, told Reuters on Sunday that oil exports from the south of the country will see modest growth, and up to about 3.25 million barrels per day in 2016, as the country is facing difficulty in increasing production in light of lower prices. 
    Turn Masood Haider, a member of the parliamentary finance committee, said that "the Council of Ministers Akif to make some amendments to the federal budget law for next year and says will send to the House of Representatives in the next few days."
    He said Haider, in an interview with the (range), that "the size of the budget up to nearly $ 90 billion deficit by more than 20%," but he also said that "these figures are not final because it will be modified by the government."
    A member of the Finance Committee that his committee "will review operational and investment revenues and expenditures after the arrival of the budget and calculating the price of the dollar plus it will be adjustments to it in accordance with the conditions experienced by Iraq."
    In the same context, the parliamentary Economic Committee draws that "next year's budget estimated non-oil revenue by 15% after the decline in world oil prices below expectations." 
    She said Najiba Najib member of the Committee, in a statement to (range), "The government is formed, in the middle of the month of July, a number of committees to review the non-oil revenue to address the projected shortfall in the federal budget and the economic crisis."
    She said Najib "The function of these committees is the study of taxes and fees and collection in all of Iraq's state institutions and submit their reports in mid-June of 2016," indicating that "these committees in constant contact with the Council of Ministers to brief him on the smallest details obtained during the past few months ". 
    She drew member of the Economic Committee that "a number of these committees exceeded the 5, including the Committee for the collection of electricity charges, water, and Alcomerk, and the Committee for the collection of waste collection fees and the Commission to activate the tax side." 
    Najib notes that "the draft federal budget law for next year to the Council of Ministers and will be in turn calculated non-oil revenues with 14 trillion dinars, ie 15% of the volume of public revenue," pointing out that "the budget of the year 2013 in which oil revenues are estimated at 5 trillion dinars."
    MP commented Hossam punitive saying that "the parliamentary Finance Committee will send to the Ministry of Finance and the government's books to provide figures for obtaining the speculative value of 14 trillion dinars of non-oil revenues."
    He punitive, he told the (range), that "Iraq is going through a severe economic crisis due to a decline in world oil prices, prompting the government to rely on non-oil revenues and external and internal borrowing." 
    Attention member of the Finance Committee that "the Iraqi government in the aftermath of the economic crisis in which we live will be able to pay employees and pensioners and social welfare".





    [You must be registered and logged in to see this link.][/ltr]
    • Back to top
    Proven
    Proven
    Proven
    NNP TEAM
    NNP TEAM


    Posts : 1858
    Join date : 2012-12-21
    • Post n°2

    5 governmental committees to collect 14 trillion dinars to avoid a deficit in 2016 budget Empty Re: 5 governmental committees to collect 14 trillion dinars to avoid a deficit in 2016 budget

    Post by Proven Tue 29 Sep 2015, 11:01 am

    Thanks Daydreamer.

    The "Hotfix" is is the budget:



    The move comes in order to avoid the sharp decline of oil prices continued since the end of 2014, and confirms that the House of Representatives estimate non-oil revenues multiplied by 3 times since 2013



    She drew member of the Economic Committee that "a number of these committees exceeded the 5, including the Committee for the collection of electricity charges, water, and Alcomerk, and the Committee for the collection of waste collection fees and the Commission to activate the tax side."
    • Back to top
      Current date/time is Sat 14 Dec 2024, 7:07 am