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Saleh: The coming days will see a weakening of the purchasing power of the individual and the public economy will stagnate
Last updated: September 26, 2020 - 11:42 AM
Saleh, who worked as a financial adviser with more than one prime minister, said today that "the cabinet's withdrawal of the budget from parliament is consistent with the previous fiscal fiscal deficit, which confirms the futility of relying on a budget for an annual year." "The 2020 budget is based on a deficit of more than 60% of its expenditures and has the capacity to finance only through borrowing that is strongly opposed by parliament, as well as weak sources of borrowing, except at high costs for the national economy," Saleh said. On the general budget activity, the costs of the operating budget of more than 7 trillion dinars per month, while the availability of oil and non-oil revenues does not exceed 4 trillion dinars per month, which means that the 2020 budget will be limited to the paragraph of payment of salaries, wages, salaries, pensions and social welfare until the end of this year, while the state's investment expenditures will be stopped inevitably as well as operational." "The government has sent a bill of 2020 to parliament to parliament to reduce the purchasing power of the country," Saleh said. Before you pull it to make adjustments, amid talk of a major deficit.
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