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An economist warns the new government against external borrowing and presents the alternative
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Economist Wissam Al-Tamimi warned of [url=https://www.thebaghdadpost.com/ar/Story/t/1397/%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9 %D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9]the new government's[/url] resort to external borrowing to finance the 2020 budget, pointing out: "Iraq can not resort to borrowing by tackling the budget and reducing the investment side."
Al-Tamimi said in a press statement: "The government is supposed to pass a normal budget while reducing the allocations for large grades in the country to compensate for oil losses."
He stressed: "The resort of [url=https://www.thebaghdadpost.com/ar/Story/t/1397/%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9 %D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9]the new government[/url] to [url=https://www.thebaghdadpost.com/ar/Story/t/79992/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6 %D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A]external borrowing[/url] is an unsuccessful step that will shackle Iraq for decades and impose significant restrictions on it, while the solution lies in reducing the investment budget in addition to the possibility of raising the dollar exchange rate, even a few percent, to ensure that commodity prices do not rise." .
The economist said: "The treatment of the budget must be by stopping some contracts and not launching job grades and postponing them for the next year, provided that the budget situation is addressed and other resources are found to finance it instead of oil."
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Economist Wissam Al-Tamimi warned of [url=https://www.thebaghdadpost.com/ar/Story/t/1397/%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9 %D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9]the new government's[/url] resort to external borrowing to finance the 2020 budget, pointing out: "Iraq can not resort to borrowing by tackling the budget and reducing the investment side."
Al-Tamimi said in a press statement: "The government is supposed to pass a normal budget while reducing the allocations for large grades in the country to compensate for oil losses."
He stressed: "The resort of [url=https://www.thebaghdadpost.com/ar/Story/t/1397/%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9 %D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9]the new government[/url] to [url=https://www.thebaghdadpost.com/ar/Story/t/79992/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6 %D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A]external borrowing[/url] is an unsuccessful step that will shackle Iraq for decades and impose significant restrictions on it, while the solution lies in reducing the investment budget in addition to the possibility of raising the dollar exchange rate, even a few percent, to ensure that commodity prices do not rise." .
The economist said: "The treatment of the budget must be by stopping some contracts and not launching job grades and postponing them for the next year, provided that the budget situation is addressed and other resources are found to finance it instead of oil."
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