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Economist to NINA: Borrowing without deliberate plans will not build an economy and will lead to an increase in indebtedness
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[rtl]Baghdad / NINA / Economic expert, Saleh Al-Hamashi said: Borrowing without deliberate plans will not build an economy and will lead to an increase in debt.
He told the Iraqi National News Agency ( NINA ) that: The current government believes that the solution to the economic and financial crisis will be by borrowing, ignoring what may be attributed to the increase in the country's indebtedness and a decline in the credit rating.
Al-Hamashi added that: The government may be unable to find lenders, and if any, conditions will be harsh, with interest rising to levels that the government may be unable to fulfill its obligations in light of the continuing growing demand for services and the government's inability to maintain the existing, in addition to the increase in the gap between the state and the citizen. / End 3[/rtl]
He told the Iraqi National News Agency ( NINA ) that: The current government believes that the solution to the economic and financial crisis will be by borrowing, ignoring what may be attributed to the increase in the country's indebtedness and a decline in the credit rating.
Al-Hamashi added that: The government may be unable to find lenders, and if any, conditions will be harsh, with interest rising to levels that the government may be unable to fulfill its obligations in light of the continuing growing demand for services and the government's inability to maintain the existing, in addition to the increase in the gap between the state and the citizen. / End 3[/rtl]
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