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Al-Abadi coalition warns of a severe financial crisis threatening Iraq
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Haidar Abadi leader of the victory coalition
Ruudau - Erbil
The coalition of victory led by Haider Abadi on Wednesday from the repercussions of financial spending is not studied that will put Iraq in the face of a deep financial crisis and complex, will have serious repercussions on the social and economic situation.
"The International Monetary Fund (IMF) warning on July 30 was in line with our expectations of the current fiscal policy, which we have repeatedly cautioned against, and the possibility of stability and economic growth are threatened by a 25 percent increase in spending," MP Ali al-Sunaid, Annually, which threatens the financial sustainability of the state. "
"Abadi's government, which inherited a financial collapse in 2014, fought wars, faced social, security and economic emergency crises with empty treasury, managed to keep the economy from collapsing and the country lost its liquidity and achieved a surplus of $ 18 billion in 2018, Public spending, raising spending efficiency, taking into account the priorities of spending and its areas, and planning to make spending productive to ensure sustained economic growth. "
"The IMF warning is a serious warning to the government to listen to, and chaos in fiscal policy will lead to catastrophic repercussions," he said. "The Al-Nasr coalition has an integrated vision to ensure a prudent fiscal policy that promotes economic growth and prevents its proximity to dangerous margins."
"Mobilizing domestic financial resources and implementing the strategy of financial inclusion, capital market development, debt instruments and the expansion of microfinance are steps we adopt as part of the country's economic growth strategy," he said.
[You must be registered and logged in to see this link.]
The coalition of victory led by Haider Abadi on Wednesday from the repercussions of financial spending is not studied that will put Iraq in the face of a deep financial crisis and complex, will have serious repercussions on the social and economic situation.
"The International Monetary Fund (IMF) warning on July 30 was in line with our expectations of the current fiscal policy, which we have repeatedly cautioned against, and the possibility of stability and economic growth are threatened by a 25 percent increase in spending," MP Ali al-Sunaid, Annually, which threatens the financial sustainability of the state. "
"Abadi's government, which inherited a financial collapse in 2014, fought wars, faced social, security and economic emergency crises with empty treasury, managed to keep the economy from collapsing and the country lost its liquidity and achieved a surplus of $ 18 billion in 2018, Public spending, raising spending efficiency, taking into account the priorities of spending and its areas, and planning to make spending productive to ensure sustained economic growth. "
"The IMF warning is a serious warning to the government to listen to, and chaos in fiscal policy will lead to catastrophic repercussions," he said. "The Al-Nasr coalition has an integrated vision to ensure a prudent fiscal policy that promotes economic growth and prevents its proximity to dangerous margins."
"Mobilizing domestic financial resources and implementing the strategy of financial inclusion, capital market development, debt instruments and the expansion of microfinance are steps we adopt as part of the country's economic growth strategy," he said.
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