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World Bank warns Iraq DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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World Bank warns Iraq

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Post by claud39 on Sat Aug 10, 2019 7:16 pm

World Bank warns Iraq


10-08-2019 10:34 PM


World Bank warns Iraq Image





[ltr]Baghdad / News[/ltr]




[ltr]The World Bank has issued a warning to Iraq that the level of consumption has exceeded the red line in its federal budgets.[/ltr]




[ltr]"The World Bank has informed the government that the red line has exceeded the level of consumption within the federal budgets," said Riad Mohammed, a member of the Alliance.[/ltr]



[ltr]He added, "The consumption rate exceeded 25% and this is a serious indicator of the financial situation of the country."[/ltr]



[ltr]He explained that "raising the percentage of consumption in the budget poses great risks in terms of the inability of the government to recruit and implement projects."[/ltr]



[ltr]He pointed out that "reducing that percentage needs to activate the private sector and the transfer of budgets from consumer to investment."[/ltr]



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