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[size=32]Aware / an economist explains that decreasing the dollar exchange rate increases the budget deficit[/size]
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Conscious / Baghdad
The economist, Dr. Safwan Qusai, explained that reducing the exchange rate of the dollar from the official rate of 1450 dinars will lead to an increase in the budget deficit for the current year.
"The Minister of Finance has confirmed in a previous statement that the exchange rate of the dollar against the dinar will not change, as the dollar will continue to be sold at 1450 for the current year ," Qusai said in an interview reported by the interviewer. (Iraqi Media News Agency / INA).
He added, "The process of having obligations on the dinar through the employee compensation item or through commodity and service supplies, the process of improving the value of the dinar at this time will cause a kind of additional deficit in the budget."
And that "fixing the exchange rate is the approach followed with the need to support the poor and fragile classes and those with limited income as a result of high prices for global reasons or as a result of the current depreciation of the dinar due to the lack of a regular commercial market in the current period.”
v / g. M
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[You must be registered and logged in to see this link.] 4 Views
Conscious / Baghdad
The economist, Dr. Safwan Qusai, explained that reducing the exchange rate of the dollar from the official rate of 1450 dinars will lead to an increase in the budget deficit for the current year.
"The Minister of Finance has confirmed in a previous statement that the exchange rate of the dollar against the dinar will not change, as the dollar will continue to be sold at 1450 for the current year ," Qusai said in an interview reported by the interviewer. (Iraqi Media News Agency / INA).
He added, "The process of having obligations on the dinar through the employee compensation item or through commodity and service supplies, the process of improving the value of the dinar at this time will cause a kind of additional deficit in the budget."
And that "fixing the exchange rate is the approach followed with the need to support the poor and fragile classes and those with limited income as a result of high prices for global reasons or as a result of the current depreciation of the dinar due to the lack of a regular commercial market in the current period.”
v / g. M
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