Home
Government: 103 trillion dinars 7102 budget
8/29/2016 0:00
[rtl]
BAGHDAD Shokran Fatlawi
discuss money and economists ways to search for new resources to supplement thegeneral budget, expressing concern about rising deficits as a result of the deterioration ofoil prices and its impact on the Iraqi economy, by addressing the negatives that REO.
Participants gather at the seminar organized by the progress of the Policy Institute development and attended the «morning» the importance of studying the reasons behind not to increase non - oil revenues , and develop solutions to them, in addition to knowledge of the plug , which relies on domestic borrowing taking into account thebenefit of farmland and reconsider the value of the dollar mechanisms let alone establish the necessary controls that limit drain economic resources
of the country.
read the budget Law , president of the institute d. Mehdi al - Hafez initiated asymposium titled «lights on the oil situation and the potential challenges» diagnosis ofnegative indicators caused by falling oil prices, stressing at the same time the need todiversify the financial resources based on taxes , customs duties and levying fees water and electricity and increase taxes online and mobile phones. He also noted Hafiz in his speech to the need to read the General budget Law in accordance with the visions that came in, in terms of the diversification of resources and improve the link by improving the relationship with the international Monetary Foreign funders of the state fund. He praised Hafiz on the issue of lowering estimates for the price of a barrel in the budget and calculated the amount of $ 35 a barrel to avoid problems caused by low oil prices in the future note that prices are currently ranging between 40-45 dollars. increase thevolume of production and financial advisor to Prime Minister Dr. The appearance ofMohammed Saleh , said: required to increase oil production volume by 400,000 barrels per day from 2016 production and to ensure that part of the funding equation difficult and roof of the proposed budget for the year 2017 amounting to 103 trillion Iraqi dinars by deficit jumped to 34 trillion dinars of 24 trillion dinars , what was it . Salih noted that oil revenues with the payment of licensing companies with what is left is not enough tomeet the employees ' salaries so the government resorted to plug of borrowing , which led to high domestic debt to 45 trillion dinars is expected to reach the end of this year to 51 trillion dinars. He that what has been paid by the oil companies to service contracts totaled $ 43 billion since 2011 to 2016 with revenues of $ 200 billion in order tomaintain production volumes which represents suffocation can either be imported from the local need for oil derivatives with high costs , or that are increasing the volume ofproduction , explaining , said total revenue for 2017 will amount to 70 trillion dinars of oil revenues 58 trillion dinars and other income 11 trillion and the price per barrel will be $ 35 and the amount of current expenditures 76 percent and investment 24 percent and the proportion of the deficit 32 percent and the percentage of coverage of 66 percent internal sources. glut the oil market , for his part , oil expert Fouad Qassem ruled Alamerastaadh oil prices recover any return prices to $ 80 a barrel until the year 2020 due to a glut in the oil market is estimated at 3 million barrels per day , pointing out that prices will fall during the winter season and rise slightly in the summer by the increase and decrease in satiety oil and speculation. He noted the Prince to the existence offactors that will keep prices low , including allowing Iran to increase its output, after thelifting of the embargo, as well as the possible return of Libya to export accompanying unwillingness of Saudi Arabia to cut production levels , let alone increase oil production rates of rock. eliminate the glut promised adoption price of $ 35 a barrel in the budget of2017 the good price that the prices range from $ 40-45, calling at the same time , thenew oil minister to the need to campaign ties aimed at persuading oil - producing countries to cut production by 7 percent to eliminate the glut of existing which would raise prices to around $ 80 a barrel during the short period of time.[/rtl]
[rtl][You must be registered and logged in to see this link.][/rtl]
» Al-Sudani chairs the fifth session of the Supreme Coordination Committee between the governorates
» A fruitful international-Japanese partnership produces its eighth batch... Celebrating the success o
» The President of the Republic stresses the need to develop a future strategy for financial policy ac
» Tomorrow.. Turkish Trade Minister visits Baghdad to discuss several files
» Rashid and Al-Alaq discuss the future of the Iraqi banking sector
» US Ambassador assures Maliki of her country's support for Iraq's stability
» Parliamentarian addressing the Judicial Council: When will corruption files be resolved?
» Economist: Re-exporting Kurdistan oil will cause Iraq to lose $5 billion and a budget deficit
» Financial Advisor: Good performance of fiscal space reflects government’s ability to increase spendi
» The President of the Republic stresses the need to develop a future strategy for financial policy
» Parliament determines the most important laws it will work on before its legislative break in a few
» Dollar exchange rates against the dinar in Iraqi stock exchanges
» Government correspondence to install 8 thousand electricity meter readers
» utube 11/16/24 MM&C-News Report-Iraq Dinar-Oil-Flow-Global Maritime Trade-Cross Border Transfer-Ex
» utube 11/13/24 MM&C MM&C News-Private Sector- Electronic Payments-Reconstruction-Development-Digit
» utube MM&C 11/15/24 Update-Budget-Non Oil Resources-CBI-USFED-Cross Border Transfers-Oil
» Al-Sudani is besieged by lawsuits over the “wiretapping network”... and Al-Maliki heard “inappropria
» Tens of thousands of foreigners work illegally in Basra... and the departments will bear the respons
» 4 reasons for the Sudanese government’s silence in the face of the factions’ attacks.. Will Baghdad
» PM's advisor: Government able to increase spending without inflation or fiscal deficit
» Prime Minister stresses the need to complete 2024 projects before the end
» Minister of Labor sets date for launching second batch of social protection beneficiaries in the pol
» Al-Sudani approves 35 new service projects, stresses the need to complete 2024 projects
» Minister of Labor: The population census will provide accurate calculations of poor families covered
» Electricity announces its readiness for the winter peak
» Economist: Parallel market remains pivotal to financing Iraq’s trade with Iran, Syria
» Trump: Iraq: A subsidiary or the focus of major deals?
» Counselor Mazhar Saleh: The government is able to increase spending without causing inflation or a f
» Al-Sudani's advisor to "Al-Maalouma": We do not need to bring in foreign workers
» Parliamentary Rejection.. Parliamentarian Talks About Jordanian Agreement That Harms Iraq’s Economy
» Al-Sudani chairs the periodic meeting of the service and engineering effort team
» Al-Sahaf: Washington continues to support terrorist organizations in Iraq
» Al-Maliki Coalition: America is trying to make Iraq hostile to its neighbors by violating its airspa
» Close source: Al-Sudani failed to convince Al-Hakim and Al-Amiri to carry out the ministerial reshuf
» Al-Sayhoud on Postponing Parliament Sessions: Bad Start for Al-Mashhadani
» Peshmerga Minister: The survival of the Kurdistan Region depends on the presence of a strong Peshmer
» Al-Maliki Coalition: US pressures prevent Israel from striking Iraq
» Nechirvan Barzani calls for keeping Peshmerga out of partisan conflicts, urges formation of 'strong
» US Institute: Trump administration may prevent Iraq from importing Iranian gas as part of pressure o
» The meter will visit families again.. Planning details the steps for conducting the population censu
» Government clarification: Is Iraq able to increase spending?
» Iraq advances over China.. Iran's trade exchange witnesses growth during October
» Al-Sudani approves 35 new service projects and begins implementing them within 10 days
» Al-Sudani and Al-Hakim discuss developments in the political scene and the results of the visit to K
» Minister of Labor: Government measures contributed to reducing the poverty rate from 22% to 16.5%
» Al-Maliki calls for strengthening national dialogue and unity to overcome the current stage
» Al-Sudani stresses the importance of accuracy and specifications in service and engineering projects
» Baghdad Governor: 169 projects are listed for referral and contracting
» Industry confirms success by signing 4 investment contracts for strategic industries
» Parliament confirms its support for conducting the general population census and decides to resume s
» Parliament gains a "holiday and a half"... Half of the "extended" legislative term passes without se
» Find out the exchange rates of the dollar against the dinar in the Iraqi stock exchanges
» Al-Maliki describes tribes as a "pillar" for confronting challenges in Iraq
» The plan in the "distribution method".. A representative describes the "investment achievement" as n
» Iraq is ahead of China in trade exchange with Iran.. These are the numbers
» MM&C 11/14/24 Central Bank Governor Urges Türkiye to Open Accounts for Iraqi Banks
» MM&C 11/14/24 Trump and the Iraqi Banks Puzzle
» New decline in gold in Iraq.. and globally records the worst week in 3 years
» Monitoring body approves 2023 imports annual report
» Development Road: Faw Port Ignites Regional Corridor Race
» First in Iraq... Diyala sets a plan for "rural reconstruction"
» Al-Saadi: Influential parties are working to erase the theft of the century file
» MP: Baghdad supports the "Diyala Artery" project with 40 billion dinars
» Source: General amnesty law will pave the way for the return of terrorist groups
» The Prime Minister stresses the need to expedite the completion of the requirements for restructurin
» Minister of Resources: The project to develop the left side of the Tigris River has reached its fina
» Foreign Minister: We are proceeding with implementing the associated gas exploitation program
» Swiss Ambassador Expresses His Country's Desire to Invest in Iraq
» "We left the camel and its load" .. Moroccan farmers await "imminent compensation" from Iraq
» OPEC sues Iraqi minister over oil violations.. What is Kurdistan's involvement?
» Iraq warns of 'dire consequences' of imposing barriers to plastic products
» Iranian newspaper: Iraq's development path is a step towards regional economic integration
» Al-Mandlawi discusses with the Russian ambassador developing relations in the fields of economy, inv
» Oil Minister discusses with Dutch Ambassador strengthening bilateral relations
» The Minister of Oil discusses with the companies "+dss" and "Xergy", joint cooperation to develop th
» Rafidain Bank announces a plan to include other branches in the implementation of the comprehensive
» With the presence of the opposition... Baghdad supports the partnership government in Kurdistan
» Parliamentary move to raise retirement age in state institutions to 63 years
» Through leaks.. Warnings against creating political crises as parliamentary elections approach
» Iraqi oil returns to decline in global markets
» Parliamentary Committee: Iraq uses its international relations to avert the dangers of war from its
» The value of non-oil imports for Sulaymaniyah and Halabja governorates during a week
» Rafidain: Continuous expansion in implementing the comprehensive banking system
» Planning: The population census includes residents of Iraq according to a special mechanism
» Transparency website reveals non-oil imports to Sulaymaniyah and Halabja during a week
» Al-Sudani directs the adoption of specialized international companies to prepare a unified structure
» MP warns of a move that will worsen the housing crisis and calls on the government
» Disagreements strike the Kurdish house... hindering the formation of the regional parliament and gov
» Hundreds of Moroccan farmers are waiting for “imminent compensation” from Iraq.. What’s the story?
» Iraq 10-Year Review: Spending, Imports, Unemployment in 2024 at ‘Highest Level’ in a Decade
» Call to all smokers in Iraq: Prepare for the law
» utube 11/11/24 MM&C News Reporting-IRAQ-USA-Financial Inclusion up 48%-Money Inside & Out of Iraq
» Al-Mandlawi to the UN envoy: The supreme authority diagnosed the problems and provided solutions for
» Saleh: Government strategy to boost gold reserves as part of asset diversification
» Prime Minister's advisor rules out oil price collapse: Trump's policy will not sacrifice petrodollar
» Tripartite alliance between Iraq, Egypt and Jordan to boost maritime trade
» Parliamentary Committee reveals date of entry into force of Personal Status Law
» Al-Fatah warns against US blackmail and Trump's intentions for the next stage