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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


    Kanani: monthly oil imports this year to Atsd employees' salaries

    Rocky
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    • Post n°1

    Kanani: monthly oil imports this year to Atsd employees' salaries Empty Kanani: monthly oil imports this year to Atsd employees' salaries

    Post by Rocky Tue 05 Jan 2016, 12:14 pm

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    Kanani: monthly oil imports this year to Atsd employees' salaries

    January 5, 2016




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    Our economy / Baghdad
    Announced the parliamentary economic committee member Ahmed Kanani that the continuation of oil prices at this level will put a severe financial crisis Iraq may cause its inability to pay its employees' salaries or the distribution of part of it in the best conditions. 
    He said Kanani told "our economy" news that "current oil prices suggest that Iraq's economic crisis and deep out of it now is difficult that the State did not do any other its resource and remained sees the decline in world oil prices and their hands tied." 
    And between Kanani that "in a simple calculation based on the price of a barrel of oil is currently of $ 35 and the cost of Astforeigh of $ 18 in Iraq in addition to the deduction of global discounts the fact that Iraq sells for less than list prices, the net Ward Iraq from the barrel is $ 15 multiplied by 3 million barrels daily in 30 days, the output will be nearly one billion and three hundred million dollars a month which is not enough to meet staff salaries amounting to $ 4 billion in almost a month, and this risk on the Iraqi economy in the private and put the country in general index, especially that Iraq is a war against phobias expensive and need liquidity dedicated and guaranteed and expenses. " 
    And about the solutions put forward to resolve the crisis, warned Kanani of external borrowing or other solutions that weigh heavily on the state and condition the economy, stressing that the oil is no longer my most expensive in the world, and that of Petroleum Exporting Countries has lost its luster in the light of fermentation taking place in the global market and the entry of new producers, which including the United States, Singapore Iran and the return of poverty Lipa after the lifting of sanctions against it. 
    Kanani likely that the government resorted to the cash reserve at the central bank to meet the financial requirements of the employees' salaries. 
    And between Kanani that the solution lies in the collection of taxes and fees imposed on citizens and stopped over the past years, such as water, electricity and other services fees that referred the issue of tax collection to private sector companies by investing the fact that this collection is currently experiencing significant corruption and became Employees of collection received money outweigh what you get the state, and Kanani said that the collection of taxes and fees will generate for the state annually nearly 35 trillion dinars, which is equivalent to what you get from the state oil exports at current prices.
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