An economic specialist warns of the escalation of poverty ... and calls for attracting local and international expertise to draw up a budget that saves Iraq

Thursday 31, December 2020 14:27
 
Baghdad / NINA / The Baghdad Chamber of Commerce advisor, specialized in the administration and economy sector, Maha Al-Obeidi called for urgent measures to be taken to contain the escalation of poverty and unemployment.

And she demanded a statement by the Iraqi National News Agency ( NINA ) to take a series of correct decisions regarding investment, trade and support for the private sector, before the escalation of a wave of social crisis that leads to family problems, committing criminal crimes, and renewed protests and demonstrations with a stronger wave than what happened in October 2019.

Al-Obaidi warned of the current economic situation, in light of the incorrect decision of the Central Bank of Iraq to raise the exchange rate of the US dollar and the steps of the Ministry of Finance, which will be reflected in increasing poverty and unemployment rates from 30% to 60% and adding burdens to the income of the individual and the Iraqi family suffering from accumulated crises. .

Al-Obaidi pointed out: "The House of Representatives is facing a test by legislating the 2021 Budget Law in line with the economic conditions, and using expert advisory experts to draw up a correct budget, after the government held on to a wrong and serious position that affects the middle and crushed classes in the country."

She indicated: "Iraqi and international capabilities are ready to prepare a better budget that achieves comprehensive development and balance the economy, and ends the corruption that destroyed the economy."

The House of Representatives is scheduled to start the first reading of next year's budget within the next few days, after the Council of Ministers sent it two days ago. / End 3

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