Al-Soury: Alleviating the budget deficit is contingent on reducing the allocations and benefits of employees
08:50 - 14/11/2019
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Economic expert Majid al-Suri said on Thursday that easing the budget deficit next year needs to reduce expenses related to allocations and benefits received by employees, pointing out that the state will go towards increasing taxes and borrowing to eliminate the budget deficit.
"There is ambiguity in the objectives of the new budget, and what the government has done is only a prosthetic solution, which will lead to an increase in the budget burden and raise the deficit rate," he said.
He added that "the government in order to get rid or reduce the deficit may resort to increase taxes or resort to loans or both, where there is a lack of awareness of the functions of the budget and converted from a digital budget to programs concerned with the programs and the total numbers that relate to the productive process and job opportunities that will create and reduce expenses Operational. ”
He pointed out that "Mancher in terms of reducing the expenses of the three presidencies are not only a fraction of the operating expenses, as the elimination of the deficit properly requires a total reduction of operating expenses, especially with regard to allocations and benefits for all employees, which constitute 65% of the total compensation, and therefore there are amounts It can be reduced. ”
He pointed out that "reducing total expenditures will save 20-22 trillion dinars, and thus reduce the deficit, as the survival will cost the state a lot of loans that will be affected by future generations." Finished 25 N