A deputy warns of "great economic collapse" due to the escalating budget deficit
12:31 - 12/01/2020
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The information / Baghdad ..
Member of Parliamentary Committee on Economy and Investment Nada Shaker Jawdat warned, on Sunday, of a major economic collapse due to an annual rise in the public budget deficit, calling on politicians to stay away from rivalries and think of easy and smooth laws to foreign investment.
Jawdat said in a statement to the "information", that "the government's talk about the existence of a deficit of 48 trillion dinars in the budget for the current year is catastrophic and the reason is due to poor financial management by previous and current governments", noting that "the continued high financial deficit in the budgets will lead to an economic collapse Suddenly, he cannot be rescued from any government. ”
She added that "there are no political blocs in front of, but one solution, which is to avoid political rivalry and think about legislating easy and smooth laws for foreign investment."
It is noteworthy that the Parliamentary Finance Committee revealed a deficit in the 2020 budget that exceeds 48 trillion dinars, indicating that operating expenses have begun to expand at the expense of investment. Ended in / 25 pm