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[size=46]Economist: Iraq is far from bankruptcy and has reserves[/size]
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[size=30]The economist and financial expert Safwan Qusay denied, today, Tuesday, that Iraq is close to declaring bankruptcy, the comment came after the news spread in this regard after the books circulated between the Ministry of Finance and the House of Representatives.
Qusay, during his speech with the program "Al-Mubasher", confirmed that Iraq possesses large reserves at the level of the central bank, indicating that there is a great failure in the process of managing the financial policy, and Qusay revealed that the government had funded current expenditures at the beginning of receiving the state administration, and pointed out that the pandemic and low oil prices Urging the government to pass a law on internal borrowing to get 15 trillion dinars.
The financial and economic expert suggested that the Ministry of Finance had continued spending during the past months on items outside the compensation of employees. I know that the government will deplete the internal borrowing money very quickly. He also called on the government to take advantage of the current situation and transform the economy in Iraq from total dependence on oil to making our economy diversify.[/size]
Qusay, during his speech with the program "Al-Mubasher", confirmed that Iraq possesses large reserves at the level of the central bank, indicating that there is a great failure in the process of managing the financial policy, and Qusay revealed that the government had funded current expenditures at the beginning of receiving the state administration, and pointed out that the pandemic and low oil prices Urging the government to pass a law on internal borrowing to get 15 trillion dinars.
The financial and economic expert suggested that the Ministry of Finance had continued spending during the past months on items outside the compensation of employees. I know that the government will deplete the internal borrowing money very quickly. He also called on the government to take advantage of the current situation and transform the economy in Iraq from total dependence on oil to making our economy diversify.[/size]
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