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An economist calls on the government to take the necessary measures to overcome the expected financial crisis and avoid stopping or reducing the salaries of employees
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[rtl]Baghdad ( NINA ) - The economist, Malaz Al-Amin, called on the government to take the necessary measures to overcome the expected financial crisis and avoid stopping or reducing the salaries of employees.
The Secretary said in a statement to the Iraqi National News Agency / Nina/ He: With the beginning of the month of May, as expected, the world oil prices will go up cautiously if the producing countries in OPEC + commit to reduce production to avoid dumping markets in the month of April, which led to a sharp decline that reached below zero price per barrel, and that fluctuation at prices Crude is linked to the Corona pandemic, which obligated most of the planet’s population with stone in their homes, which led to a huge decrease in fuel consumption. The transport stopped internally and externally, and the huge factories for cars and airplanes also stopped alongside medium and small factories and millions of workshops for these and other reasons. The countries should take advantage of this by deliberately storing them until their tanks are filled with tens of millions of barrels.
”He added: However, hopes that European countries will recover from the Corona epidemic in June will push crude towards progress and the more hopes for recovery from Corona, the more hopes for crude recovery, provided that the commitment to reduce production.
He continued: "With regard to Iraq, he announced his commitment to OPEC decisions, but the expected financial returns are not sufficient to support his operational budget, so the government must take the necessary measures to overcome the expected financial crisis through pressure on import and support of the productive sectors, especially agriculture and industry, reduce expenditures and activate taxes to increase revenues." Budgeting and setting controls to limit the exit of funds from the country. / End 8[/rtl]
The Secretary said in a statement to the Iraqi National News Agency / Nina/ He: With the beginning of the month of May, as expected, the world oil prices will go up cautiously if the producing countries in OPEC + commit to reduce production to avoid dumping markets in the month of April, which led to a sharp decline that reached below zero price per barrel, and that fluctuation at prices Crude is linked to the Corona pandemic, which obligated most of the planet’s population with stone in their homes, which led to a huge decrease in fuel consumption. The transport stopped internally and externally, and the huge factories for cars and airplanes also stopped alongside medium and small factories and millions of workshops for these and other reasons. The countries should take advantage of this by deliberately storing them until their tanks are filled with tens of millions of barrels.
”He added: However, hopes that European countries will recover from the Corona epidemic in June will push crude towards progress and the more hopes for recovery from Corona, the more hopes for crude recovery, provided that the commitment to reduce production.
He continued: "With regard to Iraq, he announced his commitment to OPEC decisions, but the expected financial returns are not sufficient to support his operational budget, so the government must take the necessary measures to overcome the expected financial crisis through pressure on import and support of the productive sectors, especially agriculture and industry, reduce expenditures and activate taxes to increase revenues." Budgeting and setting controls to limit the exit of funds from the country. / End 8[/rtl]
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