Economist for / Nina: Confused political and security conditions in Iraq will lead to delay in approving the budget and causing a great loss in the country

Economist for / Nina: Confused political and security conditions in Iraq will lead to delay in approving the budget and causing a great loss in the country



Wednesday 01, January 2020 10:18
 
Baghdad / Nina / The economist, Ali Al-Fariji, stressed that the confused political and security conditions in Iraq will lead to a delay in approving the budget and causing a great loss in the country.

Al-Fariji said in a statement to the Iraqi National News Agency / Nina/ "Political turmoil and quota allocation continue to destroy the country's economy and steal and waste its budgets, indicating that there are those who believe that the Council of Ministers may not prepare a draft budget law in the absence of the Prime Minister, which requires postponing the matter until the parliament approves the appointment of a new prime minister, It is a belief that harms the preparation and approval of the budget, and a belief that harms the preparation and approval of the budget because a loss may occur in the country in the absence of the budget, so losing the budget delays the implementation of investment projects and disrupts services in the provinces and encourages corruption in its forms and wastes opportunities to respond to the demands of the demonstrators Timing is required affecting the economic blundering movement already. "

He pointed out that "the economic situation and the movement of the labor market will suffer from many economic distortions, accompanied by unbalanced behavior in the advancement and economic construction of the country and its effects on stability rates and the reputation of Iraq internationally even in its financial obligations, as well as the financial credit capacity in the market of commercial transactions globally.

" He explained that "the high deficit In the 2020 budget of the equivalent of 30%, which is a defect in the economic management that governs the budgets of countries, which must not exceed 3.5% - the reason for the mismanagement and economic behavior of the country.

And he pointed out that "the problems in the budget are the size of external and internal debts, which amounted to about 127 billion dollars, in addition to the great benefits that are constantly increasing on these debts - according to the readings of the 2020 budget, about 20 trillion dinars were allocated to pay these debts at a rate of 11% of the budget value added to these challenges The floundering political mentality that controls the country’s capabilities and management - and the quarrels fighting in the political quagmire quagmire. / End 8

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