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Finance Minister "Ali Allawi" told the Associated Press: DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Finance Minister "Ali Allawi" told the Associated Press:

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Finance Minister "Ali Allawi" told the Associated Press: Empty Finance Minister "Ali Allawi" told the Associated Press:

Post by GirlBye on Sat Oct 17, 2020 5:02 pm

Finance Minister "Ali Allawi" told the Associated Press:

Finance Minister "Ali Allawi" told the Associated Press: Photo_%D9%A2%D9%A0%D9%A2%D9%A0-%D9%A1%D9%A0-%D9%A1%D9%A7_%D9%A1%D9%A7-%D9%A1%D9%A7-%D9%A2%D9%A1


  • There is a growing political will to undertake the fundamental reforms needed for the country to address the massive liquidity crisis that has pushed Iraq to the brink of collapse.


  • The Reform Paper is a paper designed to create a strategic and political framework for a new Iraqi economy.


  • The absence of support from key political elites has undermined similar efforts in the past; The Kazemi government continues to rely on parliament approval for the vision to gain momentum.


  • Aspects of the plan outlined in the paper will be incorporated into the 2021 budget, which will require a vote in Parliament; Government support in the electricity and oil sectors will face special scrutiny.


  • Part of the public sector finance problem is the sheer scale of subsidies, and we intend to address this directly in the 2021 budget.


  • The public debate focused on the white paper that aims to reduce public wages from 25 percent of GDP to 12 percent.


  • I've said many times before, that the share of oil revenue earmarked for salaries in 2004 was 20 percent, and now it's 120 percent.


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GirlBye
GirlBye
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