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An economist suggests that the government borrow from the central bank’s reserves to counter the ris

Rocky

Rocky: Admin Assist; Posts : 277658
Join date : 2012-12-21

Post n°1

An economist suggests that the government borrow from the central bank’s reserves to counter the ris

by Rocky Sun 08 Mar 2020, 9:14 am

An economist suggests that the government borrow from the central bank’s reserves to counter the risk of economic collapse

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An economic expert suggested to the government, borrowing from the stockpile in [url=https://www.thebaghdadpost.com/ar/Story/t/1486/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A]the Central Bank of[/url] Iraq in order to cover the requirements of the country and face the risk of economic collapse caused by the collapse of oil prices globally, due to fears of the Corona virus.

Malath Al-Amin said that (Iraq is heading towards a major financial crisis due to the dependence of its annual budget on oil revenues, and this imbalance has persisted since 2005 as a result of successive governments ignoring calls by monitors and economic experts to diversify the sources of revenue that would help in providing the budget with additional funds that contribute to facing any crisis Emergency causes the price of crude to fall globally). The Secretary stressed that (there are urgent measures that can be used to avoid economic collapse, including borrowing from [url=https://www.thebaghdadpost.com/ar/Story/t/1486/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A]the Central Bank[/url]

He added that (the decline in oil prices came as a result of global concerns about the spread of Corona, which led to weak growth and lack of demand to buy oil, and therefore the effects of this began to be evident on the price drop).

[url=https://www.thebaghdadpost.com/ar/Story/t/1486/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A][/url]to cover the necessary expenses and filling the budget deficit, as it can be recovered after the recovery of crude prices with an emphasis on not resorting to external borrowing that Iraq has interest that increases its burden and cannot be Pay it now ().

He pointed out that (the citizen’s situation does not currently bear the imposition or increase in taxes, and therefore the [You must be registered and logged in to see this link.] find real ways to tackle the crisis far from the salaries of employees and retirees).

F.A.

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An economist suggests that the government borrow from the central bank’s reserves to counter the ris

An economist suggests that the government borrow from the central bank’s reserves to counter the ris

An economist suggests that the government borrow from the central bank’s reserves to counter the risk of economic collapse

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