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Central Bank: The non-oil deficit exceeds 80% and threatens the state’s financial position
Sweeteners
Economy News - Baghdad
The Governor of the Central Bank, Ali Al-Alaq, announced today, Wednesday, that the non-oil deficit in state resources exceeds 80%, considering it a number that “threatens” the state’s financial situation, while indicating that employing information technology in state institutions has become necessary.
Al-Alaq said in his speech during the Ministry of Finance conference within the Financial and Accounting Training Center, followed by Al-Iqtisad News, that
“the fourth revolution of the Davos conference depends on the individual and the group, and
in order for us to be close to reality with what we are, without a doubt we are far from the fourth revolution and we On the cusp of the third revolution.” Al-Alaq added,
“We are still searching for the path to digital wealth and in all fields, and
we are still within the framework of simple digitization, and drawing up steps and procedures is very necessary.” Al-Alaq continued,
“Cleansing state institutions from manifestations of corruption depends on digital technology by increasing “Electronic interconnection to reduce institutional confusion.” Al-Alaq pointed out that
“employing information technology in state institutions has become necessary,” indicating that
“abolishing the Ministry of Science and Technology was a measure that contradicts the possibility and development of the technological aspect, and it is an incorrect measure.” The Governor of the Central Bank stressed
However, “the non-oil deficit figure exceeds 80% and threatens the state’s financial situation,” noting that
“the government cannot redistribute income within existing tools.” Al-Alaq pointed out that
“in the context of stimulating electronic payment, the Central Bank of Iraq benefits most.” of modern technology,” pointing out that
“despite the availability of all means of electronic payment mechanism, we are facing complementary environmental conditions, including increased demand for the dollar.”
Views 138 Added 12/20/2023 - 12:41 PM
https://economy-news.net/content.php?id=38671
Sweeteners
Economy News - Baghdad
The Governor of the Central Bank, Ali Al-Alaq, announced today, Wednesday, that the non-oil deficit in state resources exceeds 80%, considering it a number that “threatens” the state’s financial situation, while indicating that employing information technology in state institutions has become necessary.
Al-Alaq said in his speech during the Ministry of Finance conference within the Financial and Accounting Training Center, followed by Al-Iqtisad News, that
“the fourth revolution of the Davos conference depends on the individual and the group, and
in order for us to be close to reality with what we are, without a doubt we are far from the fourth revolution and we On the cusp of the third revolution.” Al-Alaq added,
“We are still searching for the path to digital wealth and in all fields, and
we are still within the framework of simple digitization, and drawing up steps and procedures is very necessary.” Al-Alaq continued,
“Cleansing state institutions from manifestations of corruption depends on digital technology by increasing “Electronic interconnection to reduce institutional confusion.” Al-Alaq pointed out that
“employing information technology in state institutions has become necessary,” indicating that
“abolishing the Ministry of Science and Technology was a measure that contradicts the possibility and development of the technological aspect, and it is an incorrect measure.” The Governor of the Central Bank stressed
However, “the non-oil deficit figure exceeds 80% and threatens the state’s financial situation,” noting that
“the government cannot redistribute income within existing tools.” Al-Alaq pointed out that
“in the context of stimulating electronic payment, the Central Bank of Iraq benefits most.” of modern technology,” pointing out that
“despite the availability of all means of electronic payment mechanism, we are facing complementary environmental conditions, including increased demand for the dollar.”
Views 138 Added 12/20/2023 - 12:41 PM
https://economy-news.net/content.php?id=38671
