Economist: Iraq's loans amounted to 130 billion dollars and stopped 50 thousand projects

Economist: Iraq's loans amounted to 130 billion dollars and stopped 50 thousand projects



2019/10/20 22:18

(Baghdad: Euphrates News) An economic expert, stopped 50,000 projects in the private sector, while revealing the arrival of Iraqi loans to 130 billion dollars.

Bassem Jameel Antoine (for the Euphrates News) that "the protests that swept the capital Baghdad and the southern provinces result from the loss of justice in the distribution of income and this is not new if some politicians bury their heads in the sand Kalamnam so as not to hear what is happening is their problem, but the urgent and real demands of the Constitution singled out Citizen by work, education, housing, health and retirement. "

"As for the package of measures is a good thing to deal with the subject, it is better for you to understand and understand better than not to understand and process the process," he said, noting that "the treatment is very simple and is through the creation of job opportunities for the unemployed."

"50,000 industrial projects in the private sector have been put on hold for thousands of unemployed youth and 250 mega projects in the Ministry of Industry," Antoine said.

He added that "the fiscal deficit in the state budget was not exceeding {60-70} billion dollars and depends on loans; we also have a large gap in the budget because of the ongoing deficit and dependence on the operational budget," pointing out that "in the absence of conversion sectors {agriculture, industry and tourism And transport) to revenues reduce dependence on oil rent is difficult to promote the Iraqi economy.

"These are not promises or writings, but a practical reality that must be implemented. Unfortunately, we are unable to implement them," he said. ".

He continued, "We informed Prime Minister Adel Abdul Mahdi a few days ago that there is slack in the government {4} million and {500} thousand employees and {2} and {500} thousand retirees and pointed out that the private sector is the main refuge," explaining that "government appointments are not One solution and another burden will restrict the state and Abdul Mahdi must enable the private sector to operate. "

Antoine pointed out that "the country needs new legislation and the implementation of previous legislation, including customs tariffs and the protection of the producer and consumer and the operation of factories, through which the government can operate the national forces and the provision of sufficient income and the abolition of the disparity class unbearable."

"The deficit will increase to 60% and we need to restructure the state by looking at the salaries of the flaccid special grades. The hungry revolution is a warning to all governments and policies that the next will be stronger," the economist concluded.

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