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Economist: the delay in approving the budget makes many of its items unenforceable
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[rtl]Baghdad / NINA / The expert in economic affairs, Raad Twaij, stressed the need to approve the budget in the time allocated, indicating: "The delay in approving it is something that makes matters worse and reflects negatively on the Iraqi economic situation."
Twig said in a statement to the Iraqi National News Agency ( NINA ): "The delay in approving the budget will make many of its provisions unenforceable due to the loss of the synchronization process and make the spending process at times inconsistent with the real developmental need of the Iraqi economy and society, whose many sectors need funding. "What is needed to provide services and employ many unemployed citizens, and unjustified delay increases the low standard of living for the Iraqis as a result of postponing many new projects, so that the private sector and the people await what they will lead to."
He added: "The budget is the most prominent economic event in Iraq annually, especially since this budget comes after the year 2020 in which there was no budget and the existence of an economic vacuum, especially with the existence of the Corona crisis and the state of recession," indicating: "What the budget represents as a financial policy can help In reviving the Iraqi economy, especially in light of the desire to create restructuring of the economy. "
The economic expert explained: "The reform of the Iraqi economy does not apply only to economic policies. Rather, it must take into account the reform and expansion of the production base in Iraq, and thus we can make the budget an orderly distribution of resources in a way that maximizes
the Iraqi GDP, and thus wasting time in adopting it is a matter It is not productive and complicates the implementation of the fiscal policy ./ End 8[/rtl]
Twig said in a statement to the Iraqi National News Agency ( NINA ): "The delay in approving the budget will make many of its provisions unenforceable due to the loss of the synchronization process and make the spending process at times inconsistent with the real developmental need of the Iraqi economy and society, whose many sectors need funding. "What is needed to provide services and employ many unemployed citizens, and unjustified delay increases the low standard of living for the Iraqis as a result of postponing many new projects, so that the private sector and the people await what they will lead to."
He added: "The budget is the most prominent economic event in Iraq annually, especially since this budget comes after the year 2020 in which there was no budget and the existence of an economic vacuum, especially with the existence of the Corona crisis and the state of recession," indicating: "What the budget represents as a financial policy can help In reviving the Iraqi economy, especially in light of the desire to create restructuring of the economy. "
The economic expert explained: "The reform of the Iraqi economy does not apply only to economic policies. Rather, it must take into account the reform and expansion of the production base in Iraq, and thus we can make the budget an orderly distribution of resources in a way that maximizes
the Iraqi GDP, and thus wasting time in adopting it is a matter It is not productive and complicates the implementation of the fiscal policy ./ End 8[/rtl]
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