Arabian Monetary looking macroeconomic management and fiscal policy 3/1
Arabian Monetary looking macroeconomic management and fiscal policy
BAGHDAD - The morning
began in the twenty - eighth of February businessman "macroeconomic management and fiscal policy" session convened by the Economic Policy Institute , the Arab Monetary Fund in collaboration with the center of the economy and finance in the Middle East of the International Monetary Fund, in the city of Doha and continue until the tenth of this March.
He explained a statement of the Fund , seen by the "morning" yesterday course aims to present the most relevant macro - economy and financial government issues. And fiscal policy role they are playing in the economic activity in general and in the Arab economies in particular.
This is due in part to the importance of the public sector in Arab economies and the nature of non - tax revenues, particularly oil revenues flowing into the state treasury and are an important of part of its budget.
In this framework, and to avoid the negative effects of possible fluctuations in oil prices, there is an urgent need to need to adopt prudent policies to deal with different circumstances , thus reducing the dependence on oil revenues and try to find sources of revenue such as the development and activation of tax systems, and diversify sources of income through the development of other productive sectors especially in the Arab Petroleum exporting countries oil. Among the most prominent themes discussed in the session is the financial policy and its impact on the overall economy, and its relationship with other macro - economic policy and forecasting in the government budget, and fiscal policy and trends in employment in the Middle East, reform of spending and systems policies and tax.
The session will discuss the subject of public debt management and financial sustainability, as well as management of oil revenues, as well as general financial and operating policy.