The employment of external loans is developmentally beneficial to the public
14/5/2018 12:00 am [rtl]Baghdad / Imad Al-Amara The common economic backwardness of the developing countries leads to resorting to external borrowing because of the lack of optimal exploitation of human resources, which leads to a decrease in the living standards of the population and failure to achieve the ability to grow and thus decrease the standard of living of individuals. Loans towards development only to achieve well-being. Exploitation of loans explained academic economist d. Ahmed Omar al- Rawi said , "more than the low standard of living in poor countries the city is not to exploit loans in the public interest investments raise the standard of living for its citizens," he said in the event of mismanagement and directing these loans , they ascertain any level of economic growth. " Tax burden "These loans will have repercussions on the economic side through the country's debt and its benefits because of the increase in the tax burden," he said in an interview with Al-Sabah. "The repercussions of foreign borrowing on the economic situation will be doubled as they will cause waste in the society's resources and its consumption in SADAD. That debt ". He added that "this matter reflected negatively on the standard of living, and the low level of infrastructure in various sectors with a decline in the purchasing power of cash and the weakness of investment incentives and lack of adequate material and human resources qualified." The national economy pointed out that "the failure of debtor countries to invest in loans granted to them will have repercussions on social reality by increasing the burden on citizens in the payment of these loans and their benefits, and thus the decline of real incomes to them, which reflects negatively on their social reality and their ability to support their families" He added that "the continued payment of the debt owed by the debtor state will lead to the lack of development of its service projects in all fields, as well as the decline in incomes will lead to savings for private investment and thus become the national economy unable to create jobs, which increases the unemployment suffered by most developing countries." The public debt For his part, the academic economist Dr. Amr Hisham, "treatments for the effects of external debt, including the commitment to pay the debt, especially if exceeded the percentage acceptable, explaining" the need to monitor the public debt to GDP, one of the indicators that indicate the acceptability of debt size General of the State concerned and its ability to comply with the payment. "He continued" The export proceeds pointed to "the need to take into account the ratio of external debt to the proceeds of exports, which represents an indication of the state's proceeds from foreign currencies that help them to pay, and the more exports the more the ability of the State to commit to pay its debt in foreign currency." The acceptance of religion between the importance of "the assessment of public debt to national income or the index of debt service to national income, where the ratios of the limits of the acceptability of debt to national income by international organizations, and the other indicator of the share of long-term debt of the total external debt, As long as debtor countries are allowed to manage their debt in such a way that they can control the obligation to pay. "[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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