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An expert warns against the restoration of privileges abolished under the austerity adopted by the government of Abbadi
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Economist Halim Kazem Mohammed warned against reviving the privileges imposed by the government of outgoing Prime Minister Haider al-Abadi, saying that this will lead to the return of the country's treasury, "empty" after being filled with large sums of money.
He said: "There is information about the state budget for 2019 refers to the re-expenditure of government as it was before, ie, before the austerity of government under the government of Haider Abadi, pointing out that this is a big mistake, including the re-privileges of the deputies of the parliament and the three presidencies.
Mohammed added: [You must be registered and logged in to see this link.] handing over to the government empty treasury any money of the Ministry of Finance and not the assets of the Central Bank, and now the state treasury in large amounts of money as a result of reducing government spending, pointing out that there is a trend to increase government spending in the budget in 2019, .
He said that the Iraqi economy is lame and depends on the export of oil only, so Iraq must have other resources that contribute to the development of the national economy, by reducing government expenditures and not to develop optimistic budgets, and impose taxes on water, electricity, health and road use as is the case in most countries The world apart from the Arab Gulf countries, as well as the development of agriculture and industry.
He explained that the state budget for 2019 was built on the basis of $ 59 per barrel after it was in the previous budget $ 45, and this is not true, considering that oil prices fluctuate continuously and unstable, indicating that the price of oil yesterday was $ 79, and days ago And the process of ups and downs of supply and demand, in addition to the stability of the situation in the world and the Middle East specifically or problems, and there are now external pressure on some countries by the United States to reduce oil prices, and this is very dangerous to oil prices .
He added: We must put the budget on the basis of realistic and sound, even if it does not satisfy the citizen, so must be the price of oil in the budget up to $ 48 per barrel, so as not to fall into the taboo in case of lower oil prices in the future.
[You must be registered and logged in to see this link.]
Economist Halim Kazem Mohammed warned against reviving the privileges imposed by the government of outgoing Prime Minister Haider al-Abadi, saying that this will lead to the return of the country's treasury, "empty" after being filled with large sums of money.
He said: "There is information about the state budget for 2019 refers to the re-expenditure of government as it was before, ie, before the austerity of government under the government of Haider Abadi, pointing out that this is a big mistake, including the re-privileges of the deputies of the parliament and the three presidencies.
Mohammed added: [You must be registered and logged in to see this link.] handing over to the government empty treasury any money of the Ministry of Finance and not the assets of the Central Bank, and now the state treasury in large amounts of money as a result of reducing government spending, pointing out that there is a trend to increase government spending in the budget in 2019, .
He said that the Iraqi economy is lame and depends on the export of oil only, so Iraq must have other resources that contribute to the development of the national economy, by reducing government expenditures and not to develop optimistic budgets, and impose taxes on water, electricity, health and road use as is the case in most countries The world apart from the Arab Gulf countries, as well as the development of agriculture and industry.
He explained that the state budget for 2019 was built on the basis of $ 59 per barrel after it was in the previous budget $ 45, and this is not true, considering that oil prices fluctuate continuously and unstable, indicating that the price of oil yesterday was $ 79, and days ago And the process of ups and downs of supply and demand, in addition to the stability of the situation in the world and the Middle East specifically or problems, and there are now external pressure on some countries by the United States to reduce oil prices, and this is very dangerous to oil prices .
He added: We must put the budget on the basis of realistic and sound, even if it does not satisfy the citizen, so must be the price of oil in the budget up to $ 48 per barrel, so as not to fall into the taboo in case of lower oil prices in the future.
[You must be registered and logged in to see this link.]
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