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Economic Researcher urges the government not to withdraw money from the stock of central bank
BAGHDAD / WAP / student researcher Baghdad Center for Strategic Studies Osama sweet, on Thursday, the government not to withdraw money from the central bank stocks, indicating that the withdrawal of money from bank stocks to fill the budget deficit will lead to inflation in the case of large markets and the collapse of the local process against the dollar.
Sweet told news Baghdad International / WAP / "The general budget of the country is facing a large deficit after oil prices dramatically and could lower the deficit up to 50% of the amounts that are supposed to be an estimated $ 150 billion in 2014 and $ 90 billion for 2015." .
And that "the government may come to Azhanha have to guide the budget deficit to withdraw some money from the central bank stocks, but this process as has lead to the collapse of the local currency against foreign currencies, especially the dollar, which will lead to a state of high inflation in the markets."
He called for "the government of not compromising the stock of central bank and resort to other ways to cover the deficit of austerity to try to find other ways to activate resources, whether agriculture or industrial sector."
The parliamentary Finance Committee has confirmed earlier for a large public budget deficit of the country. / Finished 5
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BAGHDAD / WAP / student researcher Baghdad Center for Strategic Studies Osama sweet, on Thursday, the government not to withdraw money from the central bank stocks, indicating that the withdrawal of money from bank stocks to fill the budget deficit will lead to inflation in the case of large markets and the collapse of the local process against the dollar.
Sweet told news Baghdad International / WAP / "The general budget of the country is facing a large deficit after oil prices dramatically and could lower the deficit up to 50% of the amounts that are supposed to be an estimated $ 150 billion in 2014 and $ 90 billion for 2015." .
And that "the government may come to Azhanha have to guide the budget deficit to withdraw some money from the central bank stocks, but this process as has lead to the collapse of the local currency against foreign currencies, especially the dollar, which will lead to a state of high inflation in the markets."
He called for "the government of not compromising the stock of central bank and resort to other ways to cover the deficit of austerity to try to find other ways to activate resources, whether agriculture or industrial sector."
The parliamentary Finance Committee has confirmed earlier for a large public budget deficit of the country. / Finished 5
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