Economist: Failure to repay the region of its funds from the reasons for increasing the budget deficit
An economic expert said that the failure of the [You must be registered and logged in to see this link.] region to pay the sums due to the export of oil and revenues of border ports and customs, contributed significantly to the increase in the deficit suffered by the public budget.
Malath al-Amin said in a press statement: "The federal government inherited burdens and debts from previous governments, in addition to the expenses incurred during the years of the war against terrorism and the reconstruction of destroyed cities and shelter more than three million displaced people, in addition to the useless plans and waste of money and not to hold corrupt people, This requires a move towards borrowing from the World Bank and the International Monetary Fund, and the consequent repayment of interest rates may be doubled. "
He added: "One of the most prominent areas of budget fatigue, not to pay the Kurdistan [You must be registered and logged in to see this link.] The amount of his oil exports, revenues of border ports and customs for more than seven years, which constitutes a constitutional violation of the budget law. "
The Secretary explained: "This made the government forced to borrow from internal and external to pay the costs of projects included in the budget, including operational and service projects."
He concluded by saying that: "If the region continues to not pay the amounts due constitutionally, the budget next year will include an additional deficit and may have to the government to borrow again to overcome the deficit."
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