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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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    Al-Kazemi's advisor talks in detail about three axes to confront inflation

    Rocky
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    Al-Kazemi's advisor talks in detail about three axes to confront inflation Empty Al-Kazemi's advisor talks in detail about three axes to confront inflation

    Post by Rocky Mon 25 Jul 2022, 4:46 am

    Al-Kazemi's advisor talks in detail about three axes to confront inflation

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    Economy News - Baghdad
    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified, on Sunday, three axes that monetary policy pursues to confront inflationary prices, while stressing that economic policy in Iraq plays an important role in maintaining stability.
    Saleh said, "The fiscal policy currently follows three axes to combat inflationary pressures and their expectations resulting from price growth towards the rise, and the financial authority undertakes it through the implementation of the effective Financial Management Law No. 6 of 2019 amended and the emergency food security and development Law No. 2 of 2022."
    He explained, "The first axis is the zeroing of customs duties and taxes on imported goods and services that directly affect people's lives, because customs duties and taxes represent an additional cost that the wholesale trade sector transfers to the consumer sector, that is, single trade through spending or consumer demand for imported goods and services." .
    He continued by saying: "The second axis is the expansion of the ration card vocabulary and the regularity of providing it with subsidized and semi-symbolic prices to meet the needs of the poor and low-income classes of the basic materials of life," according to the official news agency.
    And Saleh stated, "The third axis is the continuation of the state's stability and its preservation of the prices of its goods and services sold in all the market or the so-called (administrative prices), especially fuel, as well as support for the requirements of agricultural production and other life and pharmaceutical supplies that government institutions buy into civil activity, in addition to To the stability of the rates of fees, taxes and wages imposed by all official authorities with the offer.
    He stressed, "Expanding the social welfare network and covering it with cash assistance to segments below the poverty line is an auxiliary factor that comes to combat inflationary pressures in prices and their harmful social effects, which are mainly caused by global inflation imported into our country due to the global energy and food crises as a result of the current war in Eurasia." . 
    He concluded, "The overall economic policy in our country plays an important role in maintaining stability and containing all price movements, through direct and indirect coordination in the work of monetary and fiscal policies to impose stability and combat inflationary activities in prices and contain manifestations of inflationary expectations at the same time."

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    Added 07/24/2022 - 7:00 PM
    Update 07/25/2022 - 11:50 AM


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