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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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    Parliamentary position on the International Fund paper..Will Iraq's economy be exposed to "shocks"?

    Rocky
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    Parliamentary position on the International Fund paper..Will Iraq's economy be exposed to "shocks"? Empty Parliamentary position on the International Fund paper..Will Iraq's economy be exposed to "shocks"?

    Post by Rocky Sun 04 Jun 2023, 10:28 am

    [size=52]Parliamentary position on the International Fund paper..Will Iraq's economy be exposed to "shocks"?[/size]
    • Today 16:46

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    Information / special.
    Today, Sunday, the former Parliamentary Finance Committee rapporteur, Ahmed Al-Saffar, described most of the International Monetary Fund's reports on the Iraqi economy as "unrealistic," while considering the quality of the country's economy as "fragile."
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    Al-Saffar said, in an interview with Al-Maalouma Agency, that "most of the International Monetary Fund's reports on the Iraqi economy are unrealistic," adding: "The figures mentioned by the International Monetary Fund's report on the recovery of the Iraqi economy And its achievement is a growth rate of approximately 4-5 percent, and the gross domestic product output continues to increase, and these numbers are unrealistic.”
    He added, "Iraq does not have a real domestic product. Rather, the country's output is calculated on oil revenues, given that the Iraqi economy is rentier, meaning that we produce and export oil, and we obtain oil revenues in dollars and import the needs of the Iraqi society with it.”
    The former member of the Finance Committee explained, “This kind of economy is fragile and exposed to crises, and at any moment the oil sector is exposed to a shock,” pointing out that “the issue of these reports is unrealistic, because it does not rely on real data.”
    The economist, Abd al-Rahman al-Mashhadani, counted the increase in inflation rates as "nature's concerns," while stressing the need to amend the salary bill.
    The International Monetary Fund experts, who concluded their visit to Iraq, had presented an analytical paper on Iraq's economic policy, entitled "Where does the government finance?", and dealt with the implementation of the Iraqi authorities' plans for public finances, which could push the inflation rate to an escalation, and the foreign exchange market returns to volatility
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