The International Monetary Fund (IMF) warns Iraq not to continue with its current excesses

by **claud39** on Tue Jul 30, 2019 12:44 pm

2019/07/30 12:09

The International Monetary Fund warned on Tuesday, July 30, 2019, the Iraqi authorities to continue what he described as "extravagance" current.

"Iraq's current budget for 2019, if current spending continues as it is, will eliminate any progress Iraq has made economically over the past years," the IMF said, according to a report by Babel Finance International.

"Expectations indicate an increase in Iraqi spending by 25% annually, unless the authorities amend their financial laws and budget items," he said, describing the Iraqi economic situation as "facing serious challenges, social conditions in the low and still severe."

"The post-war reconstruction is going slowly, growth requirements are very high, institutional weakness is very clear, and volatile oil prices and geopolitical relations have a big role on the Iraqi economy," he said

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by **claud39** on Tue Jul 30, 2019 12:49 pm

Deputy: hosting the ministers of finance and oil and the head of the Court of Control next Wednesday

2019/07/30 16:55

BAGHDAD / MP: Yousef al-Kalabi, on Tuesday, July 30, 2019, announced the determination of the presidency of the House of Representatives, a date to host the ministers of finance and the intelligence and the head of the Financial Control Bureau, next Wednesday, to contravene article ten of the budget law, concerning the region and the center.

"The Iraqi people will ask for accurate figures and new information for the first time, until there is a fair distribution of wealth," Al-Kalabi told a news conference.

He continued: "Must go tomorrow to establish a new phase of managing the money in Iraq, will inform the Iraqi people on the facts, some of which will be shocking."

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