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Expert: budget gaps have led to significant challenges
6/23/2015 0:00
BAGHDAD
said economist d. Majid picture: that the exceptional circumstance which is going through the country needs to take extraordinary measures there are many gaps in the preparation of the budget and, inter alia, unnecessary spending and waste of public money
and said the picture in his speech for the "morning" that the terrorist aggression "Daash" work to disable several aspects of economic activity in various farming areas, industry, services and labor would require taking extraordinary measures to meet these challenges
, he was accompanied these challenges drop in oil prices and the fluctuation of the dollar's exchange rate against the dinar and mismanagement not to mention financial corruption influenced combined in the economic situation, according to the picture.
To get out of financial distress sees the picture the importance of reducing the spending Giraldharora and eliminate the waste of public money, pointing out that worth 11 trillion dinars from the budget goes to the salaries of the form as well as 29 trillion dinars allocations, indicating the possibility of reducing these customizations and insurance worth 14 trillion dinars allocated to address the budget deficit or military operations. He noted that the measures taken recently by the Central Bank will contribute to alleviating the burden of the budget through customized trillion dinars to domestic banks for the implementation of small and medium enterprises, especially the production of them and moving the wheel to produce.
He hinted that the allocation of $ 5 trillion dinars for banks specialized industrial, agricultural and real estate are the other will contribute to moving the Alaguetsad.okhls the picture to the need for concerted efforts to overcome the crisis and find quick and effective solutions to reduce the high price of the dollar and work to find controls to prevent recurrence of the exploitation of the market and price manipulation process.
promised the central decision considered Saturday a regular working day step to stop the decline of the dinar by holding Auction to sell the dollar and pumped for the domestic market.
It should be noted that the market has seen a rise in the dollar's exchange rate against the dinar reached in some cases to 1427 dinars to the dollar, the highest rate reached by the exchange rate during the past two years.
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6/23/2015 0:00
BAGHDAD
said economist d. Majid picture: that the exceptional circumstance which is going through the country needs to take extraordinary measures there are many gaps in the preparation of the budget and, inter alia, unnecessary spending and waste of public money
and said the picture in his speech for the "morning" that the terrorist aggression "Daash" work to disable several aspects of economic activity in various farming areas, industry, services and labor would require taking extraordinary measures to meet these challenges
, he was accompanied these challenges drop in oil prices and the fluctuation of the dollar's exchange rate against the dinar and mismanagement not to mention financial corruption influenced combined in the economic situation, according to the picture.
To get out of financial distress sees the picture the importance of reducing the spending Giraldharora and eliminate the waste of public money, pointing out that worth 11 trillion dinars from the budget goes to the salaries of the form as well as 29 trillion dinars allocations, indicating the possibility of reducing these customizations and insurance worth 14 trillion dinars allocated to address the budget deficit or military operations. He noted that the measures taken recently by the Central Bank will contribute to alleviating the burden of the budget through customized trillion dinars to domestic banks for the implementation of small and medium enterprises, especially the production of them and moving the wheel to produce.
He hinted that the allocation of $ 5 trillion dinars for banks specialized industrial, agricultural and real estate are the other will contribute to moving the Alaguetsad.okhls the picture to the need for concerted efforts to overcome the crisis and find quick and effective solutions to reduce the high price of the dollar and work to find controls to prevent recurrence of the exploitation of the market and price manipulation process.
promised the central decision considered Saturday a regular working day step to stop the decline of the dinar by holding Auction to sell the dollar and pumped for the domestic market.
It should be noted that the market has seen a rise in the dollar's exchange rate against the dinar reached in some cases to 1427 dinars to the dollar, the highest rate reached by the exchange rate during the past two years.
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