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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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Economist: 2017 budget carry larger deficit of the budget in 2016

rocky
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 Economist: 2017 budget carry larger deficit of the budget in 2016 Empty Economist: 2017 budget carry larger deficit of the budget in 2016

Post by rocky Tue 23 Aug 2016, 4:15 am

[size=30]Economist: 2017 budget carry larger deficit of the budget in 2016[/size]
23/08/2016 09:23 | Number of Views: 566
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Direction Press / follow-up
Predicted economist haven secretary to carry a budget deficit in 2017 is greater than the current year's budget deficit despite government directions to expand the circle of non-oil revenues and reduce expenditure sections, calling to activate the anti-corruption and accountability measures Naklh companies.
The secretary said in a statement that "the debt owed by balancing the past two years and the continuation of the war against Daesh and edit cities with atrophy of the role of income-generating sectors such as industry, agriculture and tourism, combined with the aid of more than three million displaced people and the reconstruction of liberated cities and the decline in oil prices, will generate a budget for next year burdened with internal Palanvaqat with repay previous debt bills or deferred requires serious work to look for other financial revenues in addition to oil while reducing expenditures on unnecessary projects and reducing government expenditure. "
"The oil market forecasts indicate that the price of a barrel may not rise during the next year for $ 60 at best, and the government has to rely on next year's budget reasonable prices for a barrel taking into account the fluctuations in the global market and respond to the needs of the country's money for building and construction and services" .
He noted that "make our security forces valiant successive victories against Daesh gangs and expelled from the cities controlled by perhaps will help ease the expenditures war depleted budget and directed towards relief to the displaced and the reconstruction of their cities and the opening of production units provide new job opportunities for them Kalmaaml agricultural fields, schools, universities and commercial markets achieves where economic growth, which will redirect the national economy towards the development of requirements and create an atmosphere of competition and the development of new economic projects based on the human and financial energies that are available. "
He called on the secretary on the government to "activate the work of the Office of Financial Supervision and regulators to reduce the incidence of wasting public money and financial corruption and accountability Naklh companies and recover the stolen money to eliminate financial and administrative corruption in some state facilities," pointing out that "stop the waste and the elimination of corruption directed budget expenditures towards useful public investment projects that benefit the country and provide new job opportunities for the unemployed and generate new money supply the general budget. "
A number of experts predicted that Iraq's budget for 2017 is just over 100 trillion dinars and a deficit of 30 trillion dinars, the adoption of the barrel price of $ 35 card and export the amount of 3.88 million barrels per day, while the amount of this year's budget 105.8 trillion dinars, or about $ 95 billion, and the deficit expected at around 24 trillion dinars, the equivalent of about $ 20.5 billion.
Iraq relies on oil revenue by up to about 95 percent to cover the expenses of the state, which led to a financial deficit for two consecutive years and the use of domestic and foreign loans to cover them, because of the decline in oil prices to below $ 50 a barrel.

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