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Expert: reducing operating expenses is positive
2/1/2017 0:00
[rtl]BAGHDAD / Farah pumice
Iraq's economy is suffering from inflation, which happened as a result of increasing the size of the spending ratio to GDP, which is the size of public spending and the method of its funding from the determinants of the level of economic stability.
Economist d. As Abdul Hadi said that the increase in public spending and increased operating expenses on the one hand, and lack of capacity of the Iraqi economy on the other hand, contributed to generating inflationary pressures, and this is confirmed by the growth of expenditure relative to GDP. Inflation rates will fluctuate Regarding inflation pointed Abdul Hadi in an economic seminar attended by the "morning", that these rates have fluctuated markedly since fallen from nearly 33 percent in 2003 to 27 percent in 2004, but it rebounded significantly and by about 37 percent and 53 percent for 2005 and 2006 respectively, which was attributable to fix prices of oil derivatives, adopted by Iraq in the framework of the agreements signed with the international Monetary Fund programs, to back down after that in the years that followed, the resumption of decline at the end of 2013 to limits not seen since more than three decades until the year 2014 to rise again as a result of the crisis in oil prices. The operating expenses for nearly 70 percent of the federal budget allocations to so stressed that operating expenses (a compensation of employees and social benefits that represent the most prominent aspect in) since 2003 , has seen a decline in the rate of the total public expenditure which is "a positive thing . " , but they still account for a large proportion of the total public expenditure, and the main reason for this is due to the reduction of these expenses do not enjoy sufficient flexibility, the sensitivity of the components, and therefore the negative social repercussions. The general level of prices and the Abdul Hadi said the growth of workers ' compensation and social benefits, manifestations appeared in the growing domestic demand, but the productive sectors were not able to meet this demand for several reasons , several in the forefront of the deterioration of these sectors, as well as the poor security situation, which was born strain increasing the general level of prices on the one hand, and the growing reliance on imports to meet the other hand , the local needs of goods and services, has contributed to the alleviation of the high general level of prices. He also said that imports financed by oil revenues , which is the tool that the balance of aggregate demand the greater the overall supply, leading to increased exposure of the Iraqi economy ( the proportion of foreign trade to GDP). [/rtl]
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