An economist for NINA: Compulsory saving in gradual rates is better than borrowing or printing currency

by **RamblerNash** Wed Nov 25, 2020 9:22 pm

Wednesday 25, November 2020 20:29

Baghdad / NINA / Economist Hazem Hadi emphasized that: compulsory saving in gradual rates is better than borrowing or printing currency to overcome the economic crisis.

He told the Iraqi National News Agency ( NINA ) that: In light of these difficult economic conditions, the crisis cannot be addressed by borrowing or printing currency.

Hadi added that: Both of them have great damages now and in the near and long future, and there are many evidences for this, as Iran and Syria are experiencing difficult spiral inflation.

He explained that: Resorting to borrowing leads to the accumulation of debts, which will cause severe damage to future generations.

Hadi stressed that: The best treatment is to seek to save spending through compulsory saving and in gradual rates, so that the harm that befalls the employees of them in the lower ranks is minimal or little to no mention, or the other alternative is to cancel the allocations granted to those with higher ranks. / End 3

https://ninanews.com/Website/News/Details?key=872612