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Late budget, recession-threatening economy, and booming trade with Iran !!
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The federal [You must be registered and logged in to see this link.] bill for the year 2020 faces many problems and real obstacles, which threatens the possibility of not adopting it in the foreseeable future, especially with the occurrence of developments that were not taken into account when launching them in [url=https://www.thebaghdadpost.com/ar/Story/t/953/%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1]the cabinet[/url] ..
In the forefront of the [You must be registered and logged in to see this link.] problems the resignation of Adel Abdul Mahdi’s government and its transformation into a drainage government Businesses that do not have the authority to send them to Parliament, as well as the popular uprising that has put increasing pressure on the government, which prompted them to take swift measures to try to calm the situation, added new burdens to the [You must be registered and logged in to see this link.]Operating, such as opening the door for appointment and re-annulment of their contracts in the army and security services, which cost the state more than ten trillion dinars (8.3 billion dollars). In addition to the emergence of a new factor represented by the "Corona" virus, which requires funds and allocations to confront it from modern devices for examination and equipping hospitals and quarantine centers ..
In addition to all this, the possibility of a high [You must be registered and logged in to see this link.] of about 40 million dollars, with the possibility of lower oil prices due to the corona's spread in China is the largest importer of oil ..
These facts and facts on the ground created fears of a repeat of the 2014 experience by making [You must be registered and logged in to see this link.] without a financial budget, as a result of political tension and street turmoil ..
This is confirmed by a member of the Parliamentary Finance Committee Ahmed Hama Rashid, saying: "The 2020 budget has become a reality As is the 2014 budget.
Rashid explained: "The remaining time does not allow the [You must be registered and logged in to see this link.] to be sent from the government and approved within the House of Representatives," noting: "Discussing and approving the [You must be registered and logged in to see this link.] needs 80 days inside the parliament."
The financial advisor to the Iraqi government, Mazhar Muhammad Salih, warned of the risks of not approving the draft budget this year and entering [You must be registered and logged in to see this link.] into a recession.
According to Saleh, the delay in approving the [You must be registered and logged in to see this link.] means a delay in the completion of new investment projects covered by the allocations [You must be registered and logged in to see this link.] federal [You must be registered and logged in to see this link.] 2020, and it will give a negative signal to investors in the private sector to start their investments.
Saleh added: "That the approval of the [You must be registered and logged in to see this link.] be stopped[You must be registered and logged in to see this link.]The stumbling of planned or new investment spending will lead to increased unemployment rates and high poverty rates due to the annual growth of the population and the workforce looking to work. Thus, many interrelated interests dependent on investment spending, especially the new government, will be disrupted, eventually leading to recession.
The irony of the matter is that the [You must be registered and logged in to see this link.] allocated to the ration card is enough for only four items. According to the Ministry of Commerce, the budget for the ration card is subject to the general [You must be registered and logged in to see this link.] law [You must be registered and logged in to see this link.] state, which over the past 4 years was estimated at one billion and 400 million dinars, meaning that it is sufficient for only four items for those covered by the ration card system.
This is at a time when the value of importing [You must be registered and logged in to see this link.] from only one substance from Iran reached 798 million dollars within 8 months.
According to statistics of Iran's foreign trade, [You must be registered and logged in to see this link.] , Turkey and Afghanistan combined imported 8.5 million tons of minerals from Iran at a value of $ 1.481 billion. [You must be registered and logged in to see this link.] acquired more than 50 percent of this amount ...
In the forefront of the [You must be registered and logged in to see this link.] problems the resignation of Adel Abdul Mahdi’s government and its transformation into a drainage government Businesses that do not have the authority to send them to Parliament, as well as the popular uprising that has put increasing pressure on the government, which prompted them to take swift measures to try to calm the situation, added new burdens to the [You must be registered and logged in to see this link.]Operating, such as opening the door for appointment and re-annulment of their contracts in the army and security services, which cost the state more than ten trillion dinars (8.3 billion dollars). In addition to the emergence of a new factor represented by the "Corona" virus, which requires funds and allocations to confront it from modern devices for examination and equipping hospitals and quarantine centers ..
In addition to all this, the possibility of a high [You must be registered and logged in to see this link.] of about 40 million dollars, with the possibility of lower oil prices due to the corona's spread in China is the largest importer of oil ..
These facts and facts on the ground created fears of a repeat of the 2014 experience by making [You must be registered and logged in to see this link.] without a financial budget, as a result of political tension and street turmoil ..
This is confirmed by a member of the Parliamentary Finance Committee Ahmed Hama Rashid, saying: "The 2020 budget has become a reality As is the 2014 budget.
Rashid explained: "The remaining time does not allow the [You must be registered and logged in to see this link.] to be sent from the government and approved within the House of Representatives," noting: "Discussing and approving the [You must be registered and logged in to see this link.] needs 80 days inside the parliament."
The financial advisor to the Iraqi government, Mazhar Muhammad Salih, warned of the risks of not approving the draft budget this year and entering [You must be registered and logged in to see this link.] into a recession.
According to Saleh, the delay in approving the [You must be registered and logged in to see this link.] means a delay in the completion of new investment projects covered by the allocations [You must be registered and logged in to see this link.] federal [You must be registered and logged in to see this link.] 2020, and it will give a negative signal to investors in the private sector to start their investments.
Saleh added: "That the approval of the [You must be registered and logged in to see this link.] be stopped[You must be registered and logged in to see this link.]The stumbling of planned or new investment spending will lead to increased unemployment rates and high poverty rates due to the annual growth of the population and the workforce looking to work. Thus, many interrelated interests dependent on investment spending, especially the new government, will be disrupted, eventually leading to recession.
The irony of the matter is that the [You must be registered and logged in to see this link.] allocated to the ration card is enough for only four items. According to the Ministry of Commerce, the budget for the ration card is subject to the general [You must be registered and logged in to see this link.] law [You must be registered and logged in to see this link.] state, which over the past 4 years was estimated at one billion and 400 million dinars, meaning that it is sufficient for only four items for those covered by the ration card system.
This is at a time when the value of importing [You must be registered and logged in to see this link.] from only one substance from Iran reached 798 million dollars within 8 months.
According to statistics of Iran's foreign trade, [You must be registered and logged in to see this link.] , Turkey and Afghanistan combined imported 8.5 million tons of minerals from Iran at a value of $ 1.481 billion. [You must be registered and logged in to see this link.] acquired more than 50 percent of this amount ...
[You must be registered and logged in to see this link.]
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