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[size=45][size=41]Economic analyst: The budget deficit is an excuse to withdraw the citizen's money under the pretext of covering it[/size]
13 hours ago
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13 hours ago
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Economic affairs analyst Dergham Muhammad Ali confirmed that the high budget deficit is unacceptable and unrealistic, calling for a review of it and not imposing taxes to cover it and withdrawing citizens' money.
Muhammad Ali said in a press interview seen by “Takadum”, that “the estimated deficit of the expected budget is the highest in the history of Iraq,” adding that “covering the deficit by imposing additional taxes is the destruction of the fragile market economy that has been suffering from high inflation for several years.”
He pointed out, “The budget expanded spending without finding real resources, and thinking of putting pressure on the citizen through any type of tax is considered economic sabotage and an unprecedented increase in inflation rates and will lead to a distortion of the government’s image, indicating that, the government must rectify any promotion of the existence of taxes that exhaust the citizen by any means.” One way or another is that it will lead to an increase in inflation much more than the desired benefit from these taxes, if they have any benefit in the first place.
At the same time, the economic analyst called on the House of Representatives and the Finance Committee to raise any paragraph that contains excessive and illegal taxes on the citizen.
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