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Babylon Trade warns of financial crisis and lack of liquidity
1/24/2015
Chamber of Commerce warned the province of Babylon ,, to maintain the passage of a severe financial crisis in various sectors of the lack of new projects contribute to the insurance and the provision of liquidity into the markets, "calling for" the federal government to reduce the external import, and attention to the private sector to fill the budget deficit. Chamber Director Afaihan honest and said that "the economic and trade situation in the province is very difficult, and this situation for more than a year for the failure to approve the federal budget and the implementation of new projects that contribute to the increased movement of cash into the local markets."The room has promised a thorough study and monitoring of the market and sales volume for the various sectors and noted the presence of a high percentage of the decline in sales volume due to the declining standard of living of citizens, and low salaries for their association with loans for a long-term, which makes their salaries back to the state treasury in addition to the lack of investors and traders on the banks because of impossible conditions which recently developed, which led to making the market movement slow and low to a large extent. " He Afaihan that "2015 will carry a lot of difficulties at the local government and the province, because of the high rates of poverty, which was in 2014 in excess of 23%, and we expect increased to a great extent, in addition to unemployment, which stood at 27 percent and we expect to rise to the highest levels." .
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1/24/2015
Chamber of Commerce warned the province of Babylon ,, to maintain the passage of a severe financial crisis in various sectors of the lack of new projects contribute to the insurance and the provision of liquidity into the markets, "calling for" the federal government to reduce the external import, and attention to the private sector to fill the budget deficit. Chamber Director Afaihan honest and said that "the economic and trade situation in the province is very difficult, and this situation for more than a year for the failure to approve the federal budget and the implementation of new projects that contribute to the increased movement of cash into the local markets."The room has promised a thorough study and monitoring of the market and sales volume for the various sectors and noted the presence of a high percentage of the decline in sales volume due to the declining standard of living of citizens, and low salaries for their association with loans for a long-term, which makes their salaries back to the state treasury in addition to the lack of investors and traders on the banks because of impossible conditions which recently developed, which led to making the market movement slow and low to a large extent. " He Afaihan that "2015 will carry a lot of difficulties at the local government and the province, because of the high rates of poverty, which was in 2014 in excess of 23%, and we expect increased to a great extent, in addition to unemployment, which stood at 27 percent and we expect to rise to the highest levels." .
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