Al-Amin: Raising the value of the dollar is an ill-considered decision

[size=52]Al-Amin: Raising the value of the dollar is an ill-considered decision[/size]

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[size=45]Experts describe the budget as expansionary, and the deficit in it will deepen the debt crisis[/size]
[size=45]Al-Amin Lil (Al-Zaman): Raising the value of the dollar is an ill-considered decision[/size]
[size=45]Baghdad - Rahim Al-Shammari[/size]
[size=45]Economists described the current year’s budget, which the House of Representatives voted on last Wednesday, to expand in terms of current expenditures and the size of the deficit in it, which will deepen the debt crisis, and it was more appropriate for the government not to commit itself to a long-term reform plan, while they demanded deliberate steps to save Iraqis from the impending disaster.The expert, Faris Al-Amin, said to (Al-Zaman) yesterday that (the best investment for the largest budget in the history of Iraq and not squandering the huge sums, is through drawing up a sound exchange policy that saves Iraqis from the painful reality and achieves a better living situation), stressing that (the economic situation is bad, the public and private sectors and services Agriculture and industry are in a deplorable state, due to the failed management of the state budget during the past period), and Al-Amin made it clear that (reforming the current situation needs wisdom to take decisions, deliberate distribution of state projects and encouraging industries in the public sector), stressing that (the disaster in financial management and the economy is managed By the Central Bank and the Ministry of Finance, Iraq has proven its decline in this aspect, and we hope that we direct the government towards experts at a sufficient level of ability and competence to implement an economic policy that takes the country out of the current challenges), and continued that (there are plans implemented by internal and external agendas that do not want Iraq to renaissance economically and financially, Whatever the Parliament discussionsIt does not solve the major calamity in finding a real treatment for the rise in poverty, eliminating unemployment, and achieving economic prosperity in various fields. He pointed out that (the local economy needs technical management and correct investment that addresses the issue of the exchange rate as determined by the supply and demand for the dollar). Saying that (a certain party singled out the vision of raising the exchange rate, which would lead to an expected disaster in light of the state's budget management in an old way, far from investment policies).[/size]
[size=45]For his part, experts at Al-Bayan Center for Studies and Planning described the budget as expansionary in terms of the size of its expenditures and the deficit in it, which deepened the debt crisis in the country.Experts said that "the budget approved by Parliament a few days ago is greatly expansive and is the largest in terms of size as well as in terms of current expenditures, in addition to the size of the planned deficit in it compared to past budgets that were initiated since the establishment of the state), stressing that (this budget is items and not programs and performance. In order to facilitate the economic reform process, as the budget was supposed to match and conform to what was stated in the reform plan that came through the white paper presented by the emergency cell, and the government adopted an economic program for it and committed itself to implementing it through stages spanning 3 to 5 years, but what The opposite happened, as this budget witnessed a significant deviation from what was included in the strategy of the emergency cell), and experts pointed out that (most of the budget paragraphs differ from what was stated in the white paper of financial reforms, and this gives an early and clear perception of the possibility of failure of this paper, due to the absence of seriousness and determination in Implementing an economic reform package that is capable of achieving disciplineFinancial and economic stability), and they added that (it is clear to continue preparing expansionary budgets that are not financially disciplined, and this matter may deepen the crisis in the future, as a result of the high deficit that is financed through borrowing, which in turn will exacerbate the debt crisis, and it was more appropriate for the government to consider it a government. Temporary until early elections are held, not to commit itself to a long or medium-term reform plan, but rather to adopt a short-term plan that is more realistic and feasible by rationalizing public expenditures and eliminating unnecessary ones, as well as controlling border crossings and working to collect electricity as well as eliminating Corruption in the tax).[/size]
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