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Amer Al-Jawahiry to / NINA /: The large deficit in the upcoming budget is scary and will be repeated in the coming years
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[rtl]Baghdad / NINA / - The consultant in industrial development and investment, Amer Al-Jawahiri, confirmed: The large deficit in the upcoming budget is frightening and will be repeated in the coming years.
He told the National Iraqi News Agency / NINA /: The government's approach to preparing a budget for three years is reasonable, but it is frightening for the future of Iraq through the deficit rate of 32%, equivalent to 64 trillion dinars, and this is very big.
He explained: The deficit will be repeated in subsequent years, and there are no resources to cover this deficit, stressing the importance of reducing expenditures to the lowest possible extent. It is preferable in the future that the budget be without a deficit, and that we take into account stopping borrowing, whatever it is[/rtl]
He told the National Iraqi News Agency / NINA /: The government's approach to preparing a budget for three years is reasonable, but it is frightening for the future of Iraq through the deficit rate of 32%, equivalent to 64 trillion dinars, and this is very big.
He explained: The deficit will be repeated in subsequent years, and there are no resources to cover this deficit, stressing the importance of reducing expenditures to the lowest possible extent. It is preferable in the future that the budget be without a deficit, and that we take into account stopping borrowing, whatever it is[/rtl]
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