Economic expert: Political factors plague the financial policy ... and the approval of the budget must be expedited

Saturday 20 February 2021 09:56
 
Baghdad / NINA / The expert in economic affairs, Raad Twig, stressed the need to accelerate the approval of the general budget so that there is no time lag of the financial policy in catching up with the monetary policy that decided to reduce the exchange rate of the Iraqi dinar.

Twig said in a statement to the Iraqi National News Agency / NINA /: "Although the issue of preparing the general budget has gone beyond advanced steps, the process of reluctance to ratify the general budget is still an issue that has negative implications for the quality, effectiveness and efficiency of the developmental and economic effects in delaying funding for projects vital to the Iraqi economy. , And this may be in the decline of the stimulus process for the Iraqi economy, which suffers from a severe recession, stressing the need to expedite the approval of the general budget so that there is no time lag for the fiscal policy in catching up with the monetary policy that approved the reduction of the exchange rate of the Iraqi dinar.

He added, "Every year, political factors strike the financial policy and its benefits diminish. A decisive position must be crystallized to approve the budget and postpone controversial matters until the region has the right and homogeneous wills. "/ End 8

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