Abdul Mahdi's advisor: The price of a barrel of oil in the 2020 budget will be close to last year
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Abdul Mahdi's advisor: The price of a barrel of oil in the 2020 budget will be close to last year
Abdul Mahdi's advisor: The price of a barrel of oil in the 2020 budget will be close to last year
29/01/2020

The financial advisor attributed the delay in approving the budget for the current year to "the conditions that the country has experienced recently, and the occurrence of many changes, including spending obligations and government decisions, and decisions of the House of Representatives according to the powers of the relevant authorities, which formed additional financial obligations on the budget, which led to a financial deficit." There is a lot in it, so the cabinet returned it after discussing it to the Ministry of Finance to reconsider some of the spending decisions, and to study some revenues in a way that makes them sustainable.
Saleh expected, "The maturity of the budget during the coming weeks, especially as there is consultation, understanding and exchange of ideas and opinions by the concerned authorities, in an attempt to take measures in a way that makes the budget permanent, and enhance resources as much as possible, reduce deficits, and control debts."
He suggested that "the price of the approved barrel of oil in the budget will be close to last year 2019".
He pointed out that "the bodies concerned with preparing the budget work to make the deficit subject to financing and reduction at the same time through alternatives and priorities for spending and projects and presenting the most important on the important and re-arranging the so-called" financial space for the management of resources and the running of the budget, especially there is an expansion of exchange so the budget needs to restore Prepare it in the exchange doors and maximize some non-oil revenues. "
He explained, "According to the timing, the budget should have been completed at the end of October of last year," expressing his regret in the event of the end of the fiscal year and then passing the budget for approval, as it will be similar to the year 2014, meaning that the spending according to the Financial Management Law in force will be 1 on 12 of the actual expenditures for the 2019 budget. "
29/01/2020

Economy News _ Baghdad
The appearance of Mohamed Saleh, financial advisor to the Prime Minister, Adel Abdel-Mahdi, on Wednesday, it is likely that the price of a barrel of oil approved in the 2020 budget will be close to last year 2019, expecting the budget to mature in the coming weeks.
The financial advisor attributed the delay in approving the budget for the current year to "the conditions that the country has experienced recently, and the occurrence of many changes, including spending obligations and government decisions, and decisions of the House of Representatives according to the powers of the relevant authorities, which formed additional financial obligations on the budget, which led to a financial deficit." There is a lot in it, so the cabinet returned it after discussing it to the Ministry of Finance to reconsider some of the spending decisions, and to study some revenues in a way that makes them sustainable.
Saleh expected, "The maturity of the budget during the coming weeks, especially as there is consultation, understanding and exchange of ideas and opinions by the concerned authorities, in an attempt to take measures in a way that makes the budget permanent, and enhance resources as much as possible, reduce deficits, and control debts."
He suggested that "the price of the approved barrel of oil in the budget will be close to last year 2019".
He pointed out that "the bodies concerned with preparing the budget work to make the deficit subject to financing and reduction at the same time through alternatives and priorities for spending and projects and presenting the most important on the important and re-arranging the so-called" financial space for the management of resources and the running of the budget, especially there is an expansion of exchange so the budget needs to restore Prepare it in the exchange doors and maximize some non-oil revenues. "
He explained, "According to the timing, the budget should have been completed at the end of October of last year," expressing his regret in the event of the end of the fiscal year and then passing the budget for approval, as it will be similar to the year 2014, meaning that the spending according to the Financial Management Law in force will be 1 on 12 of the actual expenditures for the 2019 budget. "
claud39- VIP NewsHound
- Posts : 18368
Join date : 2018-11-04

» Parliamentary Finance
» IMF: Iran Needs Oil Price Close to $100 a Barrel to Balance Budget
» Parliamentary Planning: Budget 2020 will adopt the price of 56 dollars per barrel of oil
» Parliamentary Energy proposes to determine the price of a barrel of oil to 45 dollars in the budget next year
» $ 56 a barrel of oil in the 2020 budget
» IMF: Iran Needs Oil Price Close to $100 a Barrel to Balance Budget
» Parliamentary Planning: Budget 2020 will adopt the price of 56 dollars per barrel of oil
» Parliamentary Energy proposes to determine the price of a barrel of oil to 45 dollars in the budget next year
» $ 56 a barrel of oil in the 2020 budget
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
» The plot whispers that set Iraq's crisis on fire
» Despite public anger, no progress in Iraq political deadlock-Report
» USD/IQD rate closes slightly lower in Baghdad
» US diplomat commends CBI's successful monetary policies
» Finance Committee: The year 2023 will proceed according to the 12/1 exchange rule if the current situation continues
» The Central Bank: The cash reserve rose to 82 billion dollars
» Why is the central bank and our national economy targeted?
» The central bank and the banking sector, the main financing and investment ring that supported the economy and protected it from collapse
» Economic dynamism and the positioning of economic state building in Iraq
» Washington: The success of the policy of the Central Bank of Iraq was manifested in the indicators of cash and gold reserves
» The central bank denies granting sums of money to citizens
» Mazhar Muhammad Salih: Public finances are in trouble!
» Al-Kazemi: How can the state operate in the absence of a budget?
» Fitch announces the credit rating of Iraqi Islamic banks
» Parliamentary Finance: Write a paragraph to cancel payroll deductions in the budget
» After an agreement to invest $27 billion in energy, France's Total withdraws from Iraq
» WHY IS ANYONE SPEAKING ABOUT THE MASTER'S TRUST WHEN IT IS A SCAM!?!?!?!
» CBI sold +1.3$ billion in forex last week
» Iraq paralysed by government stand-off as Moqtada al-Sadr unleashes protest
» Introducing myself...
» Nearly two years after launching the White Paper, what are the achievements?
» USD/IQD rate closes slightly lower in Baghdad
» CBI sells +240$ million in forex on Sunday
» Iraq without a budget for 2022
» Al-Nusairi: The Central Bank’s initiatives to revitalize the economy amounted to 18 trillion dinars and achieved their goals
» A new talk from Al-Kazemi's advisor regarding the budget
» The assets of the International Development Bank rise to 1.5 trillion dinars
» CBI sells +260$ million in forex on Sunday
» New member
» USD/IQD exchange rates inch up in Baghdad on Saturday
» The Central Bank: We supported the economic sector with 18 trillion dinars
» The Central Bank sets the goal of its call to establish a sovereign fund
» Al-Maliki's leaks: a political boom looms over the Iraqi arena
» The Central Bank of Kuwait allows applications to establish digital banks
» Including Iraq ... the price of bitcoin in Arab currencies
» Adelaide, South Australia Redemption?
» Countdown to US implosion begins after failure of Biden Mid-East trip
» What distractions are in "The Dinar RV"...How many wild goose chases did you fall for?
» After slashing four zeros, Iran releases new banknotes