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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

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Established in 2006 as a Community of Reality

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Economist: The Food Security Law Contradicts The White Paper And Ends With Budget Legislation

rocky
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budget - Economist: The Food Security Law Contradicts The White Paper And Ends With Budget Legislation Empty Economist: The Food Security Law Contradicts The White Paper And Ends With Budget Legislation

Post by rocky Sun 03 Apr 2022, 6:09 am

Economist: The Food Security Law Contradicts The White Paper And Ends With Budget Legislation
04/03/2022
11


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Earth News/ The economic expert, Nabil Al-Marsawi, confirmed today, Sunday, that the draft food security law is temporary, and it expires or becomes effective as soon as a new budget law is enacted.
Al-Marsoumi told "Earth News" that "the title of the draft law includes 4 things that support food security, development, financial precaution and poverty alleviation, but all of them are not present in the body of the law or are improperly scattered, for example the law talks about paying the costs of oil production allocating 5% of the Its resources amount to 25 trillion dinars from the monthly budget surplus, which is achieved above public expenditures, to which 10 trillion dinars are added to internal and external borrowing. Justified, it is also allocating 10% of these expected financial resources to increase the debt service premiums, while the debt service premiums are within the 1-12 ratio that Iraq works in in 2022.
He added, "This law contradicts the white paper, which is considered a reform paper submitted by the government, because the white paper calls for rationalizing public spending and not increasing it. It also calls for reducing the ration card and not increasing and enhancing vocabulary. Therefore, we have previously mentioned that the white paper is just for theorizing, not for application, because Iraq's conditions are different." .
He continued, "This law was supposed to be codified and restricted only to certain directions, namely supporting the ration card, expanding the social protection network, increasing the salaries of those covered by it, and raising the level of the minimum wage for small employees and retirees, and that the government would take a set of organizational administrative measures with it, such as exempting customs imported food commodities, Exempting the production inputs that are used in the production of the local food product from customs duties, selling the dollar at an incentive or encouraging exchange rate to importers of food resources, activating consumer cooperative societies.
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