Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Economist: Budget delay makes Iraqis poorer ... and suggests an alternative to preparing it

    rocky
    rocky
    rocky
    NNP TEAM
    NNP TEAM


    Posts : 241163
    Join date : 2012-12-21
    • Post n°1

    Economist: Budget delay makes Iraqis poorer ... and suggests an alternative to preparing it Empty Economist: Budget delay makes Iraqis poorer ... and suggests an alternative to preparing it

    Post by rocky Sun Mar 21, 2021 8:29 am

    Economist: Budget delay makes Iraqis poorer ... and suggests an alternative to preparing it

    •  Time: 03/21/2021 14:39:32
       
    •  Read: 1,820 times

    [You must be registered and logged in to see this image.]
      
    {Baghdad: Al Furat News} Economic expert Basem Jamil Antoine warned, today, Sunday, of the delay in adopting the draft federal budget bill for 2021.
    Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.] 
    Antoine told Al-Furat News Agency that "the losses of the budget delay cannot be calculated in numbers, but with estimates, and there is a continuous disbursement of 1/12, but there are many projects that are dependent on the budget and are estimated at 6000 projects for the Ministry of Planning."
    And that "contractors have become indebted to banks and the private sector is greatly affected because it depends on daily work," explaining that "the poor class is the victim, and this will increase the rates of poverty and unemployment in society at the same time and increase by 30%, 32% poverty."
    Antoine added, "The rise of the dollar and the decline of the dinar led to monetary inflation and a decrease in the purchasing power of the citizen, which led to a contraction in the market. Some weak-minded people took advantage of this issue to raise prices for oil, sugar and other materials."
    The economic expert pointed out, "the decrease in the gross domestic product of Iraq from 240 billion dollars to 160 billion dollars, and there are large losses that led to the cessation of this production, especially with the lack of issuance of the budget."
    Antoine suggested that the House of Representatives leave preparing the budget for university professors and economists to draw up a professional, not a political, budget, noting that "budgets must be drawn up without renewal and additions because there is no understanding of the budget schedule, its importance and results, and this is what created confusion and chaos and led to stubbornness and political stubbornness." 
    And that the House of Representatives, yesterday, Saturday, failed again to vote on the draft fiscal budget for 2021.
    The Speaker of the House, Muhammad al- Halbousi attributed this to “the continuation of discussions on the draft budget law and to give the opportunity to the relevant committees for further review and scrutiny. It was decided to postpone the vote on it until next Saturday. ".
    Forgiveness Al-Khalidi
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Sat Mar 25, 2023 10:27 am