Economist: Approval of the budget law needs economists, not political interference

by **RamblerNash** Tue Mar 30, 2021 9:30 pm

Tuesday 30, March 2021 20:13

Baghdad / NINA / Economic expert Safwan Qusay said that approving the budget law needs economists and not political interference.

Qusay said in a statement to the Iraqi National News Agency / NINA / that "the approval of the current budget law requires listening to the opinions of experts and does not need to expand the circle of political interference, because building a budget of a realistic nature limits the outlets of corruption and moves the Iraqi economy to a more contented stage. A realistic vision of a flexible nature to determine aspects of public spending and works to strengthen the financial position of the Ministry of Finance and the Central Bank by paying off external debts according to a specific approach and returning foreign reserves to the Central Bank as they were, in addition to creating real job opportunities by completing investment projects and managing them through the private sector Regulars ".

He added, "The relationship between the center and the region needs a financial regulation law. Likewise, we need a law to manage oil wealth and a mechanism for wealth sharing, which is reflected in the increase in the welfare of the Iraqis and the distribution of wealth equitably, all of which requires the approval of the current federal budget and the assignment of a specialized work team to monitor the spending paths and adjust them accordingly." Is consistent with the optimal use and preservation of available resources. "

He continued: "With the possibility of failure in approving the federal budget, the Prime Minister can declare a state of financial emergency and restrict the movement of government spending in full for the authority of the Minister of Finance and the Council of Ministers after obtaining the approval of the House of Representatives." / End8

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