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An expert warns against entering the stages of financial collapse
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A financial expert warned against entering the stages of [url=https://www.thebaghdadpost.com/ar/Story/t/72458/%D8%A7%D9%84%D8%A7%D9%86%D9%87%D9%8A%D8%A7%D8%B1 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A]the financial collapse[/url] unless the matter was rectified and the crisis was addressed in a scientific and realistic manner.
The expert Aqil Jabr Al-Muhammadawi said in a press statement: "The crisis is greater than we imagine, and it has deepened and took root in the state sectors gradually as a result of the delay in dealing with it in the style of an experienced and capable financial and economic crisis team."
Al-Muhammadawi added: "The failure to contain the Corona pandemic will exacerbate the effects of the financial crisis and enter into speculation and stages of the financial meltdown."
He stressed the necessity of forming an expert financial and economic crises team for the purpose of dealing with the financial and economic situation closest to the collapse, under the circumstances of the collapse of oil prices, which the public budget depends on 92% of its financing on its revenues.
The expert Aqil Jabr Al-Muhammadawi said in a press statement: "The crisis is greater than we imagine, and it has deepened and took root in the state sectors gradually as a result of the delay in dealing with it in the style of an experienced and capable financial and economic crisis team."
Al-Muhammadawi added: "The failure to contain the Corona pandemic will exacerbate the effects of the financial crisis and enter into speculation and stages of the financial meltdown."
He stressed the necessity of forming an expert financial and economic crises team for the purpose of dealing with the financial and economic situation closest to the collapse, under the circumstances of the collapse of oil prices, which the public budget depends on 92% of its financing on its revenues.
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