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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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    Zebari is expected to continue the collapse of oil prices and calling for real reforms in the econom

    Rocky
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    Zebari is expected to continue the collapse of oil prices and calling for real reforms in the econom Empty Zebari is expected to continue the collapse of oil prices and calling for real reforms in the econom

    Post by Rocky Thu 21 Jan 2016, 8:24 am

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    Finance Minister Hoshyar Zebari said in an exclusive interview with the (agency-term) Imaging (Mahmoud Raouf)
    Zebari is expected to continue the collapse of oil prices and calling for real reforms in the economic structure


    Author: HH, MJM 
    Editor: HH, NS 2016/01/21 13:01 Number of Views: 477 



     
    Long-Presse / Baghdad

    1/21/16
    Expect the finance minister, Hoshyar Zebari, on Thursday, the continuation of the collapse in oil prices due to "global economic recession", as called for "genuine reforms of economic structure", confirmed the issuance of instructions to amplify some of the things that support the country's economy in the budget.
    Zebari said during a press conference held at the headquarters of the ministry, attended (range Press), "The forecasts indicate that the collapse of oil prices will continue due to the recession of the global economy," noting that "much of the world and the Gulf worked towards investment and collection to take control of their own economy and not vulnerable to a drop rates oil. "
    He called Zebari, to "make a real and radical reforms of economic structure to review all expenses objectively," stressing that "the ministry has instructed the implementation of the budget to maximize internal resources and increase tax collection, and gave freedom to the provinces this aspect and expand the non-oil resources which they can support the country's economy in the budget." .
    Zebari said, that "the ministry met with economists and bankers experts economic Committee and we discussed solutions for the development of the budget and the fulfillment of obligations and the development of the crisis experienced by the country solutions," he said, adding, that "the outlook suggests that oil prices will begin to rise at the end of the current year."
    The Minister of Finance, that "a team from the ministry was able to provide the overhead 43 trillion dinars and we were able to end last year's abundance instead be a deficit."
    The International Monetary Fund, announced on Wednesday the (11 November 2015) that economic growth in Iraq ratio during 2015 by 1.5% due to the increase in oil production of the existing areas that fall under Iraqi government control, with the expectation that rising current account deficit the balance of payments to 7% of GDP for the same year, he pointed to the decline in foreign exchange reserves.
    It is noteworthy that Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to meet the country's economic situation started.

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