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World Bank warns Iraq: You crossed the red line! DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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World Bank warns Iraq: You crossed the red line!

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World Bank warns Iraq: You crossed the red line! Empty World Bank warns Iraq: You crossed the red line!

Post by claud39 on Sat Aug 10, 2019 9:25 pm

World Bank warns Iraq: You crossed the red line!


Saturday, August 10, 2019 07:30 PM



World Bank warns Iraq: You crossed the red line! Irq_1896684402_1565454621





BAGHDAD / .. Alliance MP Sairoun Mohammed, said on Saturday that the World Bank informed the Iraqi government to exceed the red line of the level of consumption within the federal budgets.


Mohammed said in a press statement that "the World Bank informed the government to exceed the red line of the level of consumption within the federal budgets," pointing out that "consumption rate exceeded 25% and this is a serious indicator of the financial situation of the country."



He added 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," noting that "reducing that proportion needs to activate the private sector and the transfer of budgets from consumer to investment."




http://aynaliraqnews.com/index.php?aa=news&id22=123878&fbclid=IwAR12p49Ty9dynvdF1_IG2ktALneHxhGZHXPBMiDDLq0L1sCG71i8yX7RBzQ
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World Bank warns Iraq: You crossed the red line! Empty The World Bank informs Iraq that the consumption line has crossed the red line

Post by claud39 on Sun Aug 11, 2019 7:39 am

The World Bank informs Iraq that the consumption line has crossed the red line


10/08/2019





World Bank warns Iraq: You crossed the red line! %D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-696x435








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The World Bank has informed the Iraqi government to exceed the red line of the level of consumption within its federal budgets.
Mohammed said in a statement to the information, that "the World Bank informed the government to exceed the red line of the level of consumption within the federal budgets," pointing out that "consumption rate exceeded 25% and this is a serious indicator of the financial situation of the country."
He added 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," noting that "reducing that proportion needs to activate the private sector and the transfer of budgets from consumer to investment."
Earlier, the Investment and Economy Committee of Parliament warned against making Iraq a market for the consumption of consumer goods after the recent economic opening of a number of Arab and foreign countries, while showing that the investment law needs amendments to bring investors to the country.



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