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An economist identifies two positive aspects in approving the Food Security Law
Sweetened Yesterday, 17:17
Baghdad - INA - Muhammad Al-Talbi
, the financial and economic expert, Mahmoud Dagher, identified today, Monday, two positive aspects in approving the emergency support law for food security and development, and while
he expected the continued rise in oil prices during the current year 2022,
he identified the reason for the inflation of the local market.
Dagher told the Iraqi News Agency (INA), that "the adoption of the emergency support law has two aspects, the
first is psychological, which gives reassurance to the merchants that their stores will remain stable, and the
other aspect is that there is a competitor to the merchants through the government by supporting the food basket."
He added, "There is a problem, which is the expansion of the emergency support law to other articles, investments and instructions, which constituted an obstacle to approval, especially since the recent Federal Court decision says that the caretaker government does not have the right to issue laws," adding:
"We are with the food and the farmer and that the law is limited to on this paragraph.
On his expectations for the continued rise of oil, Dagher explained,
"The international political situation is changing, so
it cannot be guessed that the rise in oil will continue until 2023,
but during 2022 prices will continue to rise and be offset by a rise in inflation and transport prices."
He pointed out that
"the rise in oil prices and the resulting revenues represent a protection for Iraq against countries that do not have oil."
With regard to internal and external debts, he indicated that
“Iraq is obligated to pay the external debt amounting to 24 billion dollars according to a specific timetable, and the payment cannot be delayed. market".
He stressed,
"The size of the internal debt is one of the important reasons for inflation, and
the more the financial debt is returned, the more the central bank's position will be improved and
we reduce the liquidity pressures in the market."
An economist identifies two positive aspects in approving the Food Security Law
Sweetened Yesterday, 17:17
Baghdad - INA - Muhammad Al-Talbi
, the financial and economic expert, Mahmoud Dagher, identified today, Monday, two positive aspects in approving the emergency support law for food security and development, and while
he expected the continued rise in oil prices during the current year 2022,
he identified the reason for the inflation of the local market.
Dagher told the Iraqi News Agency (INA), that "the adoption of the emergency support law has two aspects, the
first is psychological, which gives reassurance to the merchants that their stores will remain stable, and the
other aspect is that there is a competitor to the merchants through the government by supporting the food basket."
He added, "There is a problem, which is the expansion of the emergency support law to other articles, investments and instructions, which constituted an obstacle to approval, especially since the recent Federal Court decision says that the caretaker government does not have the right to issue laws," adding:
"We are with the food and the farmer and that the law is limited to on this paragraph.
On his expectations for the continued rise of oil, Dagher explained,
"The international political situation is changing, so
it cannot be guessed that the rise in oil will continue until 2023,
but during 2022 prices will continue to rise and be offset by a rise in inflation and transport prices."
He pointed out that
"the rise in oil prices and the resulting revenues represent a protection for Iraq against countries that do not have oil."
With regard to internal and external debts, he indicated that
“Iraq is obligated to pay the external debt amounting to 24 billion dollars according to a specific timetable, and the payment cannot be delayed. market".
He stressed,
"The size of the internal debt is one of the important reasons for inflation, and
the more the financial debt is returned, the more the central bank's position will be improved and
we reduce the liquidity pressures in the market."
