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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 balance between the deficit and conditions of the International Monetary Fund

    day dreamer
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    • Post n°1

    The balance between the deficit and conditions of the International Monetary Fund Empty The balance between the deficit and conditions of the International Monetary Fund

    Post by day dreamer Thu 26 Nov 2015, 12:06 am

    The balance between the deficit and conditions of the International Monetary Fund

         

     11/26/2015 0:00


     Mohammed Abdul Zahra al-Hindawi
     It seems that if the budget of 2016 is no better than its predecessors, if not much worse, which may cause a delay approval by the House of Representatives .. there are multiple streams buffeted with left and right, perhaps at the forefront of this severe oil price movements and ceilings set for the production, which was built by the budget.     . Despite assurances from the Ministry of Oil that the production volume will exceed the barrier of four million barrels per day in the beginning of next year, but that a lot of the vote strongly emphasizes that Iraq is unable to reach the ceiling that was specified which is 3.6 million barrels per day.
    Add to this that the price speculative set at $ 45 a barrel some see as excessive in light of a global glut of oil could lead to a further decline in prices .. Adding to the budget forestry situation, the difficult conditions set by the International Monetary Fund in exchange for giving Iraq a loan of two billion     dollars as part of the government's efforts to bridge the budget deficit .. and forestry here two-dimensional.
    The government responded to the terms of the fund, it will fall in big trouble, because those conditions demanding the lifting of subsidies on electricity, ration card and re-examine the operational aspect and specifically money that goes for salaries, which represent the largest proportion of the budget size .. All these measures taken by the government there is no doubt it will face a lot of popular rejection and even at the level of parliament, we started to hear a lot of voices that refuse to conduct such financial reforms .. and we are not far from boiling witnessed in the Iraqi street, when the government decided to revise the salaries and allowances in order to reduce public spending. Those protests prompted the government to reconsider the decision     and it decided not to prejudice the allocations but only nominal salary is covered by the change to increase or decrease.
    Therefore, it is expected that the country has seen a wave of anger if they decide to raise or reduce the subsidies on electricity, ration card with the existence of a state of chaos and the difficulty of controlling the prices in the markets, because the truth is that despite the meager ration card and spacing intervals distributed but it is still a factor balance in the Iraqi market and affect almost clear in the stability of the market and hence the rise in prices by about uncontrolled lead in the lead to the resumption of inflation indices to rise at high rates because the food section affects Balambeshr in monthly and annual inflation rate because it reflects the amount needed and daily consumption of the Iraqi people .. Lama If the government decided to dispense with two billion International Monetary Fund, it can not address the deficit in the budget is expected to range between 20-23 trillion dinars without the loan, with the loan application and the requirements referred to, it may fall to 14 Trliuna .. That is why the budget in this context Both are two options in front of a lot of bitterness ..otzdad bitterness intensity with a number of provinces claim its share of petrodollars which is $ 5 for every barrel of production or refinement .. and did not get Petrodolarha they threaten to resort to selling its oil on their own, similar to what he does the Kurdistan region ..     The mention of the region's oil deal with Baghdad is the other exhibition to collapse for lack of commitment to the region is required to be exported via IRC quantities.
    In light of these facts the budget appear before the serious challenges can not be overcome except by searching for other sources of funding as well as oil, such as taxes and promote tourism and benefit in any way from the strategic balance of the Central Bank .. with a hope it seems strong and logically it is the ability to produce more from 4 million barrels per day over the next year .. There is no doubt that there are other solutions which can be used if Anamna thinking and closer look at the reality


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