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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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    Expert: The tripartite budget gives the government full powers to borrow about 42 trillion dinars

    Rocky
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    Expert: The tripartite budget gives the government full powers to borrow about 42 trillion dinars Empty Expert: The tripartite budget gives the government full powers to borrow about 42 trillion dinars

    Post by Rocky Sat 08 Apr 2023, 5:34 am

    [size=30]Expert: The tripartite budget gives the government full powers to borrow about 42 trillion dinars
    [ltr]2023.04.08 - 12:41[/ltr]
    [/size]
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    Baghdad - people  
    Nabil Al-Marsoumi, a professor of economics at the University of Basra, warned, on Saturday, of what he described as "the country's sinking in a sea of ​​debt."  
      
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    Al-Marsoumi said in a post followed by “NAS” (April 8, 2023), “Perhaps the most dangerous thing in the budget is that it is tripartite and not annual, which means that spending will continue in the next year, not on the basis of 1/12 of actual spending, but rather on the basis of what is allocated in The budget in the previous year, and this may lead to freeing the government’s hand in internal and external borrowing, especially with the disappearance of the cash surplus that will be used in this year’s budget, in addition to that it is possible for the budget to continue in its current form without amendment in the next two years without Parliament having legal powers To reject it or amend it, which will plunge the country into a sea of ​​debt."  
      
    He added, "In other words, the tripartite budget legislation will give the government full legal powers to borrow 41.5 trillion dinars, not in 2023, but also in the years 2024 and 2025, which means that the government can borrow internally and externally without referring to Parliament, an amount of 121.5 trillion dinars during the budget." for the three years 2023, 2024 and 2025.  
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