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In numbers ... important details of the budget and a warning of "dangerous economic aspects" DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

In numbers ... important details of the budget and a warning of "dangerous economic aspects"

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In numbers ... important details of the budget and a warning of "dangerous economic aspects" Empty In numbers ... important details of the budget and a warning of "dangerous economic aspects"

Post by RamblerNash on Fri Jan 01, 2021 9:10 pm

In numbers ... important details of the budget and a warning of "dangerous economic aspects" 548623image1-6
Time: 01/2021 18:46:04
 
{Baghdad: Al Furat News} The economic advisor to the prime minister, Mazhar Muhammad Salih, revealed important details and information about the fiscal budget bill for 2021, which Parliament received last Tuesday.

Saleh said in a lengthy article on the economic situation and the budget: “The contractionary financial conditions in Iraq have led to dangerous economic manifestations, as the contraction in demand or government spending in 2020 led to a widening of the national income gap and a drop in growth by about 11% from its rates, accompanied by an increase in unemployment levels. Less than 25% of the Iraqi workforce, as well as increasing poverty rates among the population, which exceeded 30% of the country's families.

He added, "At a time when advocates of financial thought see that the manifestations of deflation, financial faltering, and the resort to (almost compulsory) austerity will continue to cause the increase in debt and deficit in an expansionary financial rescue package required by subsequent financial years."

Saleh pointed out that "this is what the Iraqi public finances faced in the two years 2020-2021 as the draft federal budget for the year 2021 indicates that the total deficit planned in it will rise to approximately 71 trillion dinars, and the aforementioned deficit will constitute no less than 42% of total spending in it and the proportion of Not less than 28% of the current GDP. "

To view the text of the article .. Click here
 
https://vod1.alforatnews.com/upload/2021-01/f34c1c12d462e8df1728610c4485db59.pdf

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