[size=36]Al-Kazemi’s advisor identifies the negative effects due to the lack of approval of the budget[/size]
[You must be registered and logged in to see this link.]
, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, clarified, today, Sunday, the alternative laws for the budget in minimum treatments, while warning of five negative effects when the budget is delayed.
Saleh said, "The alternative laws to the annual federal budget law are treatments for the minimum in the conduct of economic life in the country, such as the financial management law and its current applications or the recently adopted emergency food security law."
He explained, "The most negative point in not passing a law on the general budget is the delay in approving new government investment projects, especially large and strategic projects, which leads to delays or shortfalls in economic growth rates."
He continued, "This shortcoming extends its negative effects to the coming years due to the faltering growth of the great national capital accumulation, and the transformation of spending into a phenomenon limited to consumption only, which is fed by imports," noting that "this leads to growing cases of stagnation and economic stumbling at the end." Ultimately, levels of underemployment or crowding out levels of unemployment are in all cases.” Ended 29/H