World Bank warns Iraq: You crossed the red line!

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

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

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

Information / Special…

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.

https://www.almaalomah.com/2019/08/10/422867/