Arabian Monetary looking macroeconomic management and fiscal policy

2/3/2016 0:00

BAGHDAD - morning
It 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.
A statement of the Fund, seen by the "morning" yesterday's session aims to present the most important issues related to the macro-economy and government finances. And fiscal policy plays a role in the economic activity in general and in the Arab economies are
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 an important part of
Its budget.
In this context, 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 the productive sectors especially in the Arab Petroleum exporting countries and other
Of 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 employment trends in the Middle East, reform of spending policies and regulations
The session will discuss the subject of public debt management and financial sustainability, as well as management of oil revenues, as well as fiscal policy and operation