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Economist: The budget deficit will cost Iraq big debts
09:17 - 17/12/2019
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The economist, Bassem Jamil Antoine, confirmed on Tuesday that the budget deficit will cost [You must be registered and logged in to see this link.] big debts due to the loans that he will go to in order to bridge the deficit, pointing out that random appointments will burden the budget and force governments to go toward internal and external loans.
Antoine said in a statement to "The Information", that "the deficit is not new to the budget, as meeting this need is by resorting to internal and external loans."
He added that " [You must be registered and logged in to see this link.] has one source to supplement the budget through oil and gas rents, in addition to taxes and fees and cannot be loaded more than its capacity."
He explained that "borrowing will constitute a huge burden on budgets, despite achieving a financial surplus at the end of the year, because of the failure to spend the amounts according to the plans prepared for the projects."
He pointed out that "reducing the salaries of the presidencies will provide a portion of the budget deficit amounts, despite the existence of many random appointments that burden the budget and lead to borrowing to meet the financial need, as [You must be registered and logged in to see this link.] paid nearly $ 130 billion in addition to the benefits of these loans." . 25 n ended
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