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International Monetary comments on Iraq's budget and re-warns of "inflation" in the currency
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Baghdad today - Baghdad
Today, Monday, the American "Financial Post" newspaper reported a warning that it said was issued by the International Monetary Fund to the Iraqi government regarding the budget in its current form after its approval after four continuous days of deliberation and political problems between Baghdad and the Kurdistan region of Iraq.
The newspaper said, according to what it translated (Baghdad Today), that "the Iraqi government under the administration of the current Prime Minister, Muhammad Shia'a al-Sudani, passed the" largest budget "in the history of Iraq, amounting to 153 billion US dollars," explaining that "the International Monetary Fund issued a warning to the Sudanese government on the atheist And the 30th of last May about the government's spending of such large sums, given the current economic conditions.
The newspaper pointed out that "international monetary concern is due to fears that large government spending will lead to"inflation" in the Iraqi currency, which in turn leads to a spiral of economic deterioration affecting the future of the country, according to its description.
It is noteworthy that Iraq recorded a decline in inflation rates during the month of April, which reached one percent, with the central bank heading towards purchasing large quantities of gold to support the local economy.
For his part, the Iraqi Central Bank announced that the country has become in the thirtieth place internationally with the quantities of gold reserves stored.
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