Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap

World Bank predicts surplus in 2018 budget by 1.2%

Post new topic   Reply to topic

Go down

World Bank predicts surplus in 2018 budget by 1.2%

Post by RamblerNash on Wed Oct 24, 2018 10:56 am

World Bank predicts surplus in 2018 budget by 1.2%

World Bank logo

Economy News Baghdad

The World Bank forecast fiscal year 2018 surplus of 1.2% of GDP due to rising oil prices .

"In 2018, the total fiscal balance is expected to reach a surplus of 1.2 percent of GDP due to higher oil prices, " the World Bank said in a report on economic developments in Iraq .

"The Iraqi government will have available space in public finance to finance the reconstruction, provided the continuation of the process of controlling the conditions of public finances," noting that the gross output will rise by 1.9% due to improved security situation and high oil prices .

"Non-oil growth saw a rise of 5.2 percent in 2018, boosted by growth in agriculture, industry and services," the report said, noting inflation in 2017 fell by 0.1 percent, but rising demand pushed inflation up 1.7 percent in July this year. .

"The growth rate and the budget surplus will reduce the ratio of public debt to GDP from 67.3 percent in 2016 to about 55 percent," he said, pointing to "the acceleration of GDP to 6.2 percent in 2019 supported by high oil prices ."

The World Bank warned in its report from the dependence of the Iraqi economy on oil revenues, calling for the need to diversify sources of revenue.


Posts : 14576
Join date : 2015-02-19

View user profile

Back to top Go down

Back to top

Permissions in this forum:
You can reply to topics in this forum