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An economist for / Nina /: The House of Representatives voted on a budget for more than a dangerous previous year
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[rtl]Baghdad / NINA / The economic affairs specialist, Durgham Muhammad Ali, described the House of Representatives' vote on a budget for more than a year as a dangerous precedent and stifling development opportunities.
Muhammad Ali said, in a statement to the National Iraqi News Agency ( NINA ), that "approving a three-year budget with a repeated scenario will lose the government's ability to develop its programs based on local and international changes and fluctuations in the local and global economy.”
He pointed out, "The repetition of the budget scenario without development and according to fixed estimates is far from realistic, especially since Iraq's only resource is oil, which is subject to global changes and Iraq has no control over its revenues."
And he continued, "The budget should be with a lower spending ceiling, higher flexibility, and a shorter period of time."[/rtl]
Muhammad Ali said, in a statement to the National Iraqi News Agency ( NINA ), that "approving a three-year budget with a repeated scenario will lose the government's ability to develop its programs based on local and international changes and fluctuations in the local and global economy.”
He pointed out, "The repetition of the budget scenario without development and according to fixed estimates is far from realistic, especially since Iraq's only resource is oil, which is subject to global changes and Iraq has no control over its revenues."
And he continued, "The budget should be with a lower spending ceiling, higher flexibility, and a shorter period of time."[/rtl]
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