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Economist: Budget deficit "catastrophic"
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Economic expert, Saleh Al-Hamash, ruled out a vote on the [You must be registered and logged in to see this link.] during the first half of this year, stating: "The [You must be registered and logged in to see this link.] rate will be lower than what was estimated due to the lack of funding for some projects, but this will harm the Iraqi economy."
Al-Hamash said in a press statement: "The new Prime Minister, Muhammad Tawfiq Allawi, may not be able to deliver the [You must be registered and logged in to see this link.] to Parliament, and even if he can, it will not get a vote until the end of the first half of this year."
He added: "The proportion of the [You must be registered and logged in to see this link.] in the [You must be registered and logged in to see this link.] will fall from the declared 48 trillion dinars, especially that [You must be registered and logged in to see this link.] has allocated to the roundabout in the provinces in addition to the money that the budget will be delayed submission."
He explained, "The [You must be registered and logged in to see this link.]It is normal in other countries to reach 10%, but what will happen in [You must be registered and logged in to see this link.] a deficit of 27%, which is a catastrophic deficit.
[You must be registered and logged in to see this link.]
Economic expert, Saleh Al-Hamash, ruled out a vote on the [You must be registered and logged in to see this link.] during the first half of this year, stating: "The [You must be registered and logged in to see this link.] rate will be lower than what was estimated due to the lack of funding for some projects, but this will harm the Iraqi economy."
Al-Hamash said in a press statement: "The new Prime Minister, Muhammad Tawfiq Allawi, may not be able to deliver the [You must be registered and logged in to see this link.] to Parliament, and even if he can, it will not get a vote until the end of the first half of this year."
He added: "The proportion of the [You must be registered and logged in to see this link.] in the [You must be registered and logged in to see this link.] will fall from the declared 48 trillion dinars, especially that [You must be registered and logged in to see this link.] has allocated to the roundabout in the provinces in addition to the money that the budget will be delayed submission."
He explained, "The [You must be registered and logged in to see this link.]It is normal in other countries to reach 10%, but what will happen in [You must be registered and logged in to see this link.] a deficit of 27%, which is a catastrophic deficit.
[You must be registered and logged in to see this link.]
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