Home
Proposals to address the year's budget deficit in 2017
6/11/2016 0:00
[rtl]BAGHDAD / Imad emirate
with an estimate of the federal budget for the fiscal year revenue in 2017 of $ (79 Trliuna and 11 billion and 421 million dinars) and calculated the revenue earned from theexport of crude oil at a rate of $ 42 per barrel, and the achievement of the planned deficit in the new budget (21 Trliuna and 650 billion and 739 million and 90,000 dinars.)
factors and variables
reported economic academic Dr. Qusay al - Jabri: that the budget deficit is determined by factors and variables macroeconomic imperative for economic policy makers and decision - makers take them into account when drawing up financial policy to achieve internal and external balance.
He Jabri in an interview » Sabah »: There are many dysfunctional economy processors, including the need to diversify its revenue so it is not the economy subject to fluctuations in world oil prices and policy affecting the oil market, explaining that it is through thestimulation of export subsidies and orientation policy towards investment in the real sector.
and the importance of open area foreign direct investment as playing a significant role in reducing production costs and improve the quality by using cutting - edge technology, as well as the wealth of experience and training of local labor, and to increase the volume of foreign investments lead to economic growth and provides jobs absorb unemployment, thus reducing the pressure on the state budget and correct the imbalance in the structure of the Iraqi economy ,
spending policies
and said Jabri need to reconsider fiscal policy, which is spending one of the key thebases, and the impact of this policy in determining the amount of the deficit or surplus in the general budget and the way in which the deficit is financed or how they are disposed of surplus.
«the results of estimating the relationship between the general budget and the factors influencing it a positive relationship between the budget and current account deficits as oil prices , the latter is affected by the Iraq economy 's dependence on oil exports mainly, Increasing oil exports under the entry of foreign investment in the extractive sector investments will generate surpluses It can be directed towards building infrastructure. »
He said: when it becomes clear economic imbalances need to take measures show is to determine the reduction in the fiscal deficit the size of the time required and the time for it to identify the factors influencing the reduction of the size and extent of thesustainability of
its programs.
He pointed out that this requires the preparation of adequate studies the composition ofpublic spending and the nature of economic activities and patterns of provision of public services and the introduction of the principle priorities in determining investment spending, trends , and according to the social and political imperatives on the principle of the productivity of public spending and change the subsidy policy from consumer to investment productive, especially the agricultural sector in
particular.
privatize the project
and pointed out that the privatization of loss - making projects which constitute a burden on the budget is one of the solutions, as well as to provide support for the private sector to increase its contribution in the formation of the gross domestic product, it generates positive effects in reducing unemployment and adjusting the imbalance in the sector
real.
He stressed the importance of providing sophisticated financial market have the ability to domestic borrowing in favor of general budget reflected effects in the high interest rate, and thus an incentive to enter the capital of hard currency and the provision rather than relying on the oil sector in it.
He stressed Jabri, that correct the imbalance in the economy must be accompanied byplans for ambitious development is achieved through harmony between the objective internal balance represented higher economic growth and increase the level of use and reducing inflation rates to acceptable determined by the monetary authority with the goal of external economic balance representing the balance of the balance of the levels of
payments. and the
general budget is a picture of the reality of the interactions of monetary policy tools, and functions evolved with the development of the state in economic life, as the financial translation of the government 's plan in a future phase reflect the economic, social and political orientation, and the doors and the terms of the budget can be reached to thenature of the goals that aspire state to achieve and determine the relative importance ofeach objective, as we can determine the relative weight of the government sector and the size of government intervention in economic life by identifying the proportion ofgovernment spending to the total volume of activity
economic.[/rtl]
[rtl][You must be registered and logged in to see this link.]
[/rtl]
» Minister of Resources: Iraq is one of the countries most affected by climate change
» Al-Sudani arrives in Riyadh to participate in the World Economic Forum
» An Arab call to the countries neighboring Iraq regarding the share of water
» IMF: Poor productivity is responsible for 50% of the decline in economic growth
» The President of the Republic stresses to Barzani the importance of focusing on construction, recons
» Will Iran lose the Iraqi market? 20 million dollars is threatened with loss
» Parliamentary Economy: Parliament will extend the legislative term to approve the budget
» The price of the dollar is close to 145 thousand dinars؛ how much is $100 worth of transactions؟
» A factory for producing electric cars
» Prime Minister: We have launched strategies to improve the conditions of workers
» Economic prospects from America to Türkiye
» Al-Rayes: The path of development is the first gateway to sustainable economic advancement
» Days after announcing the connection with Jordan, an almost complete absence of electricity in Ramad
» A Kurdistan delegation meets with the Ministry of Finance in Baghdad to discuss “revenues and implem
» Parliamentary Economy reviews files and the importance of Sudanese’s upcoming visit to Saudi Arabia
» Al-Maliki talks about postponing the Kurdistan Parliament elections and says that salary transfers w
» The President of the Republic and Barzani discuss the results of Sudanese’s visit to the United Stat
» The Ministry of Finance is "dizzy"... An expert points out a "lapse" in the budget schedules: Februa
» Sudanese Advisor: The 2024 budget has entered into force... and there is no need to send its schedul
» The Iraqi dinar is recovering against the US dollar in local markets
» Iraq.. The claim that OPEC’s decisions affect oil derivatives only and not crude is “inaccurate”
» Al-Bawi: Erdogan failed in his promises to his people and seeks to plunge Iraq into its conflict wit
» The Sudanese and his battle against corruption.. Where is the fault with the government or with the
» Amnesty International criticizes Iraq's implementation of 13 death sentences
» The ambassador is very angry with Parliament: The homosexuality law obstructs the government and har
» Al-Mandalawi: There is no place for homosexuality in the Iraq of the prophets and saints, and that i
» Al-Sudani receives the President of the University: Towards the strength and status of the Arab syst
» Ayed Al-Hilali: All leaders are discussing “the finer details of Sudanese” tonight, and Barzani join
» He announced the reception of offers from three alliances from international companies for the Baghd
» During his meeting with the head of the Iraqi Journalists Syndicate... Al-Amiri stresses the importa
» To address the dollar exchange rate... Mazhar Muhammad explains the risks of floating the Iraqi dina
» During the launch of the Arab Labor Conference in its 50th session in Baghdad... Al-Sudani: We launc
» Saudi Arabia announces an increase in direct flights with Iraq
» Resources: Government measures have contributed to improving the water situation in Iraq
» Al-Sadr: The voice of American universities calling for an end to Zionist terrorism is our voice
» International organization: 50% of displaced Iraqis lack official documents
» Al-Sudani: The path of development will provide many job opportunities
» Parliament Finance: The necessity of converting tax and customs revenues to digital processing
» Al-Sudani announces that clues have been found to uncover those involved in the Kormor bombing
» The start of the work of the Fourth Baghdad International Water Conference
» The Council of Ministers will suspend official working hours next Wednesday
» An almost complete outage of water and electricity in western Anbar
» Parliamentary expectations of extending the legislative term to approve the budget
» Education: The cost of participating in the electronic school will amount to 200 thousand dinars
» Al-Sudani arrives in Riyadh to participate in the World Economic Forum
» A newspaper reveals a dark world that brings together bloggers and politicians
» Al-Marsoumi: The bombing of the Kormor field undermined efforts to achieve self-sufficiency in gas
» utube MM&C 4/24/24 Support - USA- Turkey - Timing- Currency Value - Tabled
» utube MM&C 4/26/24 Iraqi Dinar - US Treasury Exchange Rates- Focus - Banking Partnerships - Rate C
» Parliamentary efforts to transform Iraq into a global market for transferring Internet capacities
» A parliamentary committee that enriches the political forces: Stop plundering Iraq’s wealth and work
» Politician: Salem Al-Issawi is the most likely to assume the presidency of Parliament
» Al-Sudani: The world today is witnessing crises whose impact has been reflected in the global econo
» The Federal Court responds to an inquiry by Al-Sudani regarding the powers of the provincial council
» Among them are the Iraqis... a list of the most sought-after immigrants to America
» An expert talks about the "biggest barrier" and the positives of merging Iraqi and Arab banks
» The House of Representatives adjourns its session
» Parliamentary demands to expedite the legislation of the Eid al-Ghadir holiday law (documents)
» Parliament adds the paragraph “Electing the Speaker of the House of Representatives” to its agenda
» Alsumaria publishes the text of the law against prostitution and homosexuality
» A parliamentarian reveals the reason for the failure of the Speaker of Parliament to pass during tod
» Al-Sudani: The government has launched many strategies and initiatives that will improve the reality
» International Business: Iraq has made progress in supporting businesses through investment and priva
» Association of Banks: Iraq is witnessing great development in the transition to electronic governmen
» The House of Representatives votes to add an item to its agenda (election of the Speaker of the Hous
» Parliamentary integrity: Combating corruption requires parliamentary legislation
» Al-Karaawi: America is trying to restrict Iraq
» The State of Law coalition moves to form the local government in Diyala
» The Sudanese and his battle against corruption.. Where is the fault with the government or with the
» Prime Minister's Advisor: We will see the dollar fall on the black market soon
» The Sunni blocs are resolute. The presidency of the Council is ours, away from Al-Halbousi
» Al-Sudani discusses with a workers’ organization his government’s steps in this field
» Parliament holds its session in the presence of 170 deputies
» In the presence of Nechirvan Barzani and Al-Sudani... the State Administration Coalition holds an “i
» The UAE company ADNOC resorts to Iraqi oil. Find out the reasons
» The Iraqi Parliament votes to add an item to elect a president to its agenda
» The Federal Court responds to an inquiry by Al-Sudani regarding the powers of the provincial council
» Al-Sudani: It is necessary to attract women to work as a productive energy that cannot be disrupted
» Zebari regarding targeting the Kormor field: a systematic attack on the economy of Kurdistan
» Saudi Arabia tops, and this is Iraq's rank... a list of major suppliers of crude oil to South Korea
» With a value of 125 million dollars.. Iraq is at the forefront of countries importing Iranian textil
» More than a billion dollars in sales from the Iraqi Central Bank within a week
» Al-Sudani stresses the need for the expertise of the International Labor Organization to legislate a
» Including the return of 21 wanted persons.. The Iraq Money Recovery Fund counts its achievements in
» The path to development is the criterion between true patriotism and political clowning.
» The file of the Presidency of Parliament is on the state administration table... this evening
» Director General of the International Labor Organization: Many challenges in the world of work and t
» Al-Sudani: The world is witnessing crises that reflect negatively on the Arab and international peop
» Prime Minister: Our government has provided great support for the success of the activities, program
» Al-Asadi: Iraq places the social protection file among its priorities
» Al-Sudani: Iraq is one of the first countries in the region to join the International Labor Organiza
» In the presence of Al-Sudani and Barzani, the State Administration Coalition holds an “important” me
» Appreciating the presence of Al-Sudani... Director General of the Arab Labor Organization: Here from
» Prime Minister: Our government has provided great support for the success of the activities, program
» Al-Sudani: The world is witnessing crises that reflect negatively on the Arab and international peop
» The Parliamentary Development Institute organizes a workshop on the political role of the representa
» With Arab and international participation. Tomorrow will be the start of the Fourth Baghdad Internat
» OPEC Secretary General: The end of oil is not on the horizon