Economists call for the preparation of the budget and start an emergency austerity and focus on the

Economists call for the preparation of the budget and start an emergency austerity and focus on the diversity of financial and activating local production



Called two economists, on Sunday, to prepare the budget emergency and begin the process of austerity in economic life, and to resort to diversification of financial and put tools to borrow and the involvement of the Iraqi public in which to support the war effort and the national economy, while stressing the need to activate the domestic production and fortify food security and the opening of border ports of areas center and south and increase the efficiency of national ports.

He said the former deputy governor of the Iraqi Central Bank Mazhar Mohammad Saleh in an interview to the (long-Presse), said that "Iraq needs to Think strategic believes in the vision of the extent of the continuing war with al Daash," noting that these "war if long had to change the Iraqi economy and restructuring and prioritize to preserve the country's unity and security. "

Saleh added that "the state budget, pose the greatest burden suffered by the Iraqi economy, they constitute 50% of GDP expenditures and expenses", calling for the need to "restructure the percentage of those expenses."

Promised economic expert, that there are "expenses naive worthless in the operating budget, which represents the brunt of the budget, for a directive to the war effort to protect Iraq," pointing out that "a lot of expenses Civil included in the budget is necessary and must be added to the defense budget."

Salih stressed the need for "investment classes saved from the Iraqis to support their national economy," noting that "it is through the issuance of bond support national development to be available to the public, provided that a reasonable interest rate and can be sold or withdrawn loan through."

He said the former deputy governor of the Iraqi Central Bank, that "financial depth in Iraq is still weak and should be activated by the feet of the state to borrow from the public," but he also said that "it does not constitute a defect because most countries in the world to turn to."

Saleh pointed out that there is a "need for a national sense of financial savings because the fate of the Iraqis savings out of the country," stressing the importance of "the government resorting to financial diversification by offering tools to borrow and the involvement of the Iraqi public to support the war effort and the national economy."

For his part, said economic expert Basil Jamil Antoine in an interview to the (long-Presse), "The organization (Daash) seeks to destroy the Iraqi economy by targeting the oil sector, and gas and agriculture, which requires several actions in the war against him," calling for "the preparation of the budget emergency start the process of austerity in economic life. "

The student Antoine, "the postponement of many projects is essential that did not proceed after to reduce expenses starting from the highest officials in the state in anticipation of the future," stressing the need to "activate the domestic production and fortify food security for the Iraqi people, and the opening of border ports of the central and southern regions, and the increase efficiency of the ports. "

He suggested the economic expert, "the expansion of the oil pump and exported from the southern regions to compensate for the cessation of production from the northern regions."

The Financial experts and economists criticized in, (the 21st of September 2014 Current), focusing the bulk of the volume of bank deposits in Iraq, amounting to nearly the 70 trillion dinars, in government banks, and renewed calls for the enactment of a law establishing a joint stock company from the government and private sectors, to ensure the deposits of citizens , working under the supervision of the Iraqi Central Bank, to revive the private banks, as well as the national economy.

It is noteworthy that the organization (Daash) may impose its control over the city of Mosul, the center of the province of Nineveh, (405 km north of Baghdad), in (the tenth of June 2014), and the committing "atrocities" against its people, especially minorities like Christians, Shabak and others, and the destruction of a lot of religious sites and Islamic civilization and Christianity, which was born a wave of resentment and condemnation of local and global him and accused him of committing "genocide", and then expanded to the city of Tikrit, and parts of Diyala province.




[You must be registered and logged in to see this link.]
--