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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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    Economist: uncontrolled public spending policy led to the development of domestic debt burden

    Rocky
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    Economist: uncontrolled public spending policy led to the development of domestic debt burden Empty Economist: uncontrolled public spending policy led to the development of domestic debt burden

    Post by Rocky Mon 22 Aug 2016, 6:41 am

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    2016/08/22 | 13:20

    (Encyclopedia of the day for news | [You must be registered and logged in to see this link.] ) -


    Date: August 22, 2016



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    Special - NEN Iraq




    He said an economist and professor at the Faculty of Administration and Economy Maytham and coffee, said the government's policy on public uncontrolled spending led to the development of domestic debt burden.

    He said the flaw in the economic study that "despite the claim of coordination between monetary and fiscal authorities, but the role of the government, represented by the Ministry of Finance is very weak in coordination on debt management, public debt is like a government and the central bank accounts for a large part of it."

    "The government debt the theme that has emerged in the last two years, local private, multi-faceted it is linked to the issues of lending to government banks public projects losers and the arrival of these banks dangerous stages are no longer with them able to continue lending, and that religion is linked to the existence of a financial efficient market for securities , but the entrance is important to manage the debt in relation to the macroeconomic and inflation Kalnatj public revenues and reserves variables, in addition to the necessity of finding ways to sustain public debt sustainability or the fragility of this. "

    He continued that "it is clear that the domestic public debt suffers from the fragility of the financial sustainability interms of the high rate of the gross domestic product, income and reserves. 

    But it seems more serious if it is to rely on the ratio of public debt to non - oil GDP or in terms of the rate of the tax , for example , where it will look like it quite alarming. "

    He said in his study that "public spending unrestrained policy led to the development of domestic debt burden, which means that the rationalization of spending and surpluses of the budget is one of the sustainability of the public debt indicators, and despite the fact that spending is governed by political and social factors led elite ignorant as well as harsh security conditions, but the the final say requires rationalized and put Maaar specific to adjust and prevent Anflath to contribute to reducing this fragility. "

    He Laibi that "the literature of rentier states indicate that there is absolutely necessary to develop a cautious of debt ceilings to output, and avoid fluctuations in oil income and build a budget based on moderate oil scenarios medium-term price and retain financial surpluses in fiscal stabilization funds that contribute to reducing the debt burden."

    He continued that "there is still the issue of external debt ignores focus on the issue of the exchange rate, to see that the exchange rate is a relationship that Deplete the quantities sold and which is leading inevitably to an opportunity cost to repay foreign debt and increasing"


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