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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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Arab states spending fell to $ 885 billion in

rocky
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Arab states spending fell to $ 885 billion in Empty Arab states spending fell to $ 885 billion in

Post by rocky Thu 04 Feb 2016, 3:18 am

Arab states spending fell to $ 885 billion in News_icon Arab states spending fell to $ 885 billion in
Arab states spending fell to $ 885 billion in Info By: Wab1
On: Wednesday 02/03/2016 22:52
Arab states spending fell to $ 885 billion in Filemanager
Baghdad news - agencies 
report showed the Arab Monetary Fund, that the performance of the Arab economies affected by the year 2014, a combination of factors was the internal developments experienced by some Arab countries, in addition to the impact of declining oil export revenues in light of the continued decline in prices in the international markets, and the decline or stability of the production in a number of exporting countries. the report issued by the Fund and address economic developments in the countries in the region, participated in the preparation of the General Secretariat of the League of Arab States and the Arab Fund for economic and social development and the Arab Monetary Fund and the Organization of Arab Petroleum exporting countries (OAPEC) that conditions financial affected on both sides of the income and expenses of internal conditions witnessed by a number of Arab countries during the year, and the subsequent impact on investments and various economic activities, and the resulting challenges in the face of rising economic and financial cost of the security requirements, and the light of that total public revenues and grants decreased in states Arab group by 6.2 per cent to around 952.6 billion dollars in 2014, accounting for about 34.5 per cent of gross domestic product. He added, as total public expenditure in Arab countries dropped as a group fell by 6.8 percent to reach about 885.6 billion dollars in 2014, which represents about 32.1 per cent of the GDP, indicating that an outcome of these developments grew surplus of the general budget of the combined Arab countries increased by 3.1 percent to reach about $ 67 billion in 2014, representing 2.4 per cent of gross domestic product Total Arab countries combined. the report indicated that it did not help the limited recovery of the economies of the euro area in the recovery of demand for a number of oil-importing Arab countries' exports. he added that as a result of these developments, the Arab states recorded as a decline in GDP at constant prices the growth rate, from 3.6 percent in 2013 to about 2.5 per cent in 2014. in the area of public finance, pointed out that it was the drop in world oil prices during 2014 obvious implications on fiscal revenues in a number of Arab countries that rely budgets on oil revenues, enhanced external grants flows and the status of resources Finance in the number of receptor Arab states for these grants, according to the news, "SPA" to the IAEA. on the other hand, the report added that tax reforms in a number of Arab states led to broaden the tax base and raise the collection efficiency, as reflected in the financial revenue, and headed a number of countries Arab oil to reduce public spending, both current and capital, in the light of fiscal revenues decline because of the decline in global oil prices, while the continued number of these countries adopt expansionary fiscal policies, funded by increased government spending through the balances and surpluses, which met during the past years. the Arab states with diversified economies, has sought to take advantage of the fiscal space provided by the drop in oil prices to implement policies that support adjusting public spending and focus on social and investment exchange, part of its efforts to reduce the public budget and restore fiscal balance deficit. in terms of monetary and banking developments in the Arab capital markets, the report said Central banks and institutions of the Arab monetary continued during the year used for the instruments of monetary policy is the direct management of local liquidity and the achievement of the final targets of monetary policy, foremost of which is to achieve price stability and stimulate economic growth. as targeted central banks interventions continued to absorb excess liquidity in some Arab countries, especially those that adopt systems fixed the exchange rate and that eased the pace dramatically in a number of countries, while the continued effects of the lack of liquidity in other Arab countries and required intervention by central banks in these countries on a regular basis to promote and develop new mechanisms to support liquidity. at the level of the banking sector, the report revealed for the continuation of the positive performance of this sector, which saw credit to the private sector facilities, a growth rate higher than the ratio achieved in the last year, while total deposits grew, but by less than those achieved in the last year. the profitability indicators for most of the Arab banks this year have improved, and for Arab markets money in 2014 an improvement in the overall market value of the total of Arab Stock exchanges, where this value rose by 5.7 per cent this year, to reach 1203 billion dollars, to earn stock exchanges amounted to about 65.0 billion dollars of market value. with regard to the external sector saw the 2014 affected the performance of the balance of payments of the Arab states marked decline in global oil prices, especially during the last quarter of the year when oil prices recorded a decline of about 27 per cent, in addition to the impact of the expansion in public investment spending and the adoption of some Arab countries, a number of large projects in the areas of infrastructure. also affected the balance of payments of the Arab states of non-oil negatively slowdown in global economic growth rates, especially in the euro area countries, the commercial partner of the most prominent. the aggregate developments resulted in dealings Arab countries as a group with the outside world for the decline in the overall surplus balance of payments of the Arab States of the level of 115.1 billion dollars during 2013 to be limited to about $ 5.9 billion in 2014.

http://www.baghdadnp.com/news.php?action=view&id=41718

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