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Sumaisem: Reducing the budget deficit will keep Iraq away from the "foreign debt trap"
April 26 20:35 1 shares
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The economic expert, Salam Sumaisem, confirmed, on Wednesday, that
setting a reasonable percentage of the deficit in the draft general budget will protect Iraq from falling into the trap of foreign debt that will result from passing what has been announced now, adding that
approving the budget for three consecutive years will lead to a recurrence of the fiscal deficit on Iraq and will increase the burden. on the economy.
Sumaisem said in an interview with Al-Maalouma agency,
"Failure to seek to reduce the budget deficit will contribute to the exacerbation of external debt for three consecutive years," noting that
"fixing a reasonable percentage will protect Iraq from falling into the debt trap that will result from the deficit established in the budget." And she continued,
"Continuing not to seek to reduce the budget deficit will contribute to the exacerbation of external debt for three consecutive years," pointing out that
"passing the deficit rate at 63% in the budget means that the volume of spending will lack economic feasibility."
And Member of Parliament Muhammad Al-Shammari described, in an interview with Al-Maaloumah Agency, that
“the deficit of the tripartite budget for the year 2023 is disturbing and surprising,” noting that
“there is a parliamentary move in order to start reducing the percentage to less than what has been announced at the present time.” Ended 25/ j
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April 26 20:35 1 shares
information / special..
The economic expert, Salam Sumaisem, confirmed, on Wednesday, that
setting a reasonable percentage of the deficit in the draft general budget will protect Iraq from falling into the trap of foreign debt that will result from passing what has been announced now, adding that
approving the budget for three consecutive years will lead to a recurrence of the fiscal deficit on Iraq and will increase the burden. on the economy.
Sumaisem said in an interview with Al-Maalouma agency,
"Failure to seek to reduce the budget deficit will contribute to the exacerbation of external debt for three consecutive years," noting that
"fixing a reasonable percentage will protect Iraq from falling into the debt trap that will result from the deficit established in the budget." And she continued,
"Continuing not to seek to reduce the budget deficit will contribute to the exacerbation of external debt for three consecutive years," pointing out that
"passing the deficit rate at 63% in the budget means that the volume of spending will lack economic feasibility."
And Member of Parliament Muhammad Al-Shammari described, in an interview with Al-Maaloumah Agency, that
“the deficit of the tripartite budget for the year 2023 is disturbing and surprising,” noting that
“there is a parliamentary move in order to start reducing the percentage to less than what has been announced at the present time.” Ended 25/ j
' [You must be registered and logged in to see this link.]
