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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    What are the main drawbacks in Iraq's largest budget?

    Rocky
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    • Post n°1

    What are the main drawbacks in Iraq's largest budget? Empty What are the main drawbacks in Iraq's largest budget?

    Post by Rocky Sat 26 Jan 2019, 2:12 pm


    What are the main drawbacks in Iraq's largest budget?

    21:16 - 26/01/2019
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    The country's budget for 2019 is the largest and largest in the history of budgets, to load them with government debt for previous years, in addition to the large item of salaries and weak exchange on other sectors, which means that it will not add new, said Dr. Abdul Rahman al-Mashhadani, professor of economics at the Iraqi University.
    Al-Mashhadani said in a telephone conversation with Sputnik and its follower that the predominant feature of this budget is salaries and wages, which account for 54 percent of the total allocations, estimated at 113 billion dollars.
    He added that the aspects that we were looking for as experts and specialists to go the bulk of that budget to the investment side and not to the operating side, as the remaining 46% of which 27% of the investment side and in fact the 27% will not go to invest, Will go to the arrears of contractors overdue for 3 years in addition to the debts of farmers in arrears the government from the sale of their crops since 2014, which constitute more than 5 billion individual.
    He added the economist, the other part of the investment plan directed to the projects stalled, which has been completed more than 60% of them and the number of these projects more than 6000 projects, and the new projects worth about $ 5 billion of foreign loans, so we will not think of anything from That huge budget or its impact on the life of the citizen.
    The economic expert pointed out that the new budget deficit of 23 billion dollars, and the most dangerous part of that budget that it depends in large part on foreign debt, that budget by about $ 14 billion foreign debt from different sources. At the same time, we are paying $ 10-12 billion of old interest and installments of debt, which will be difficult for Iraq, especially as the volume of indebtedness increases. End 25 n

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