Saleh: Iraq is on the verge of an economic recovery and programs for investment projects
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Saleh: Iraq is on the verge of an economic recovery and programs for investment projects

Financial Adviser to the Prime Minister, Dr. Mazhar Muhammad Salih, «Economy News»
12/14/2021
Economy News - Baghdad
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, expressed his optimism about the expected deficit levels in the next year's budget 2022.
Saleh said in a statement to the official "Al-Sabah" newspaper, "There are developments in the features of the expected general budget for 2022, which adopted an oil price of about $50 per barrel, for the purposes of calculating average oil revenues throughout the next year in light of a daily export capacity of more than three million barrels. oil".
He added, "In the event that the spending ceiling is increased by 10% over the current ceiling in the 2022 budget, this means that there is a precautionary deficit that will be approved by the budget to avoid undesirable fluctuations in oil prices during the next fiscal year."
According to the foregoing, the financial advisor to the Prime Minister believes that “the hypothetical deficit will be 20% of the total total spending ceiling, and about 8% of GDP, but the average price of a barrel of oil, if it continues to remain stable at $ 70, the budget will be in Mostly an equilibrium situation, and the default deficit gap will be automatically canceled from the positive oil revenue differentials.
Saleh pointed to the continuity of "the next year's budget 2022 in its other aspects, in offering a medium-term program for investment projects, with commitment to the program's costs for important and strategic projects, and according to its social priorities, especially those that affect the well-being of society and its economic priority, being income-generating and operating the business cycle in the economy." ".
The next budget will also seek, according to Saleh, to “maximize the optimal spending on investment projects with the aim of achieving a growth rate in the gross domestic product that exceeds the population growth rate, and at least 5% or more, which will lead to an accelerated reduction in unemployment rates as well.” He stressed that "these steps will lead to economic recovery in the country."
https://economy-news.net/content.php?id=26944
RamblerNash- GURU HUNTER
- Posts : 24228
Join date : 2015-02-19

» Mazhar Saleh: Iraq is on the verge of economic recovery
» Saleh: Iraq is on the brink of an economic recovery
» Economy and Investment representative - Iraq on the verge of an economic breakthrough
» Holding an Iraqi-Jordanian-Egyptian tripartite summit in America
» Iraq’s Economic Center proposes tapping into CBI currency reserves for investment projects
» Saleh: Iraq is on the brink of an economic recovery
» Economy and Investment representative - Iraq on the verge of an economic breakthrough
» Holding an Iraqi-Jordanian-Egyptian tripartite summit in America
» Iraq’s Economic Center proposes tapping into CBI currency reserves for investment projects
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Smart agriculture software with AI
» Kurdistan’s Erbil police shut down illegal casino, arrests ‘gambling network’
» Introduce myself
» Guru Wolverine 3/16/22
» Guru MarkZ 3/15/23 pm
» Guru Sandy Ingram 3/16/23
» Guru Nader 3/16/23
» Guru MilitiaMan 3/16/23
» Guru MountainGoat 3/16/23
» Gurus Frank26 & Firefly 3/16/23
» Guru Judy 3/16/23
» Guru Okie 3/15/23
» Guru Bruce Dingleberry 3/15//23
» Guru MountainGoat 3/14/23
» Predictable Tony: All you want and more
» Guru MarkZ 3/14/23 am
» Guru Okie 3/14/23
» Gurus MarkZ & Militiaman 3/14/23
» Guru Judy 3/14/23
» Guru Wolverine 3/14/22
» Guru Nader 3/14/23
» Guru Frank26 1/13/23
» Ameraq
» "STATUS OF RV" BY DINAR IRAQ AND DONG VIETNAM UPDATE 2/22/23
» Iraq Retains Poor Ranking in Corruption Perceptions Index 1/31/23
» Iraq cabinet approves 2023 draft budget of more than 197 tln dinars 3/13/23
» Guru MarkZ 3/13/23 am
» Guru Okie 3/13/23
» Guru Nader 3/13/23
» Guru Frank26 3/13/23
» Guru Sandy Ingram 3/13/23
» Guru Judy 3/13/23
» up date on budget
» Adoption of the national currency
» Iraq far from liberal democracy since US invasion in 2003 3/10/23
» Iraq's crackdown on booze, social media posts raises alarm 3/10/23
» "STATUS OF RV" BY DINAR IRAQ AND DONG VIETNAM UPDATE 3/10/23
» Guru Okie 3/10/23
» Guru Bruce Dingleberry 3/923