A government consultant identifies the risks of budget delays .. This is what the prime minister should do

A government consultant identifies the risks of budget delays .. This is what the prime minister should do

2/13/2020 10:21 AM

A government consultant identifies the risks of budget delays .. This is what the prime minister should do{Baghdad: Al Furat News} A government financial advisor warned of the delay in approving the fiscal budget for 2020.
And pointed adviser to finance Prime Minister Affairs appearance of Mohammed Saleh in a press statement that ” the budget accounts for less than 50 percent of the effective spending, complications and move income within the economy, and if I stopped the budget life stopped in Iraq, in addition to the delay in the budget will delay operational investment projects Linked to labor and economic growth. ”

He added that the delay in approving the budget is a negative message for investors, and raises fear among them about investing in Iraq, so its approval gives a message of reassurance and a glimmer of hope for the economic development in the country and openness to the world significantly.

He pointed out that “the delay in the adoption of the budget will be a negative factor for the Iraqi labor market, as it will hinder the work of investors and stop economic growth, in addition to creating a kind of anxiety within the economy, that is, the confidence in Iraq.”

Saleh stressed that “the Prime Minister should give a message of reassurance to the economic life through the government program by sending the budget to the House of Representatives and approving it, and then rotating the resources, the work of banks and credit, and the stability of economic relations with the world and the implementation of the agreements signed by Iraq and the United States in Iraq in the field of American and Japan, which are signs of reassurance in the short term. ”

He noted that “the Prime Minister should agree with the House of Representatives on the approval of important legislations, including the Retirement Law and the Unified Social Security that supports the private sector and state employees, which is another message that is important to Iraq.”

Salih pointed out that “the presence of a strong government capable of giving strong signals for the future of the Iraqi economy stems from these paragraphs, restoring confidence in the Iraqi economy at home and abroad, and activating the important investments and interests that support the interests of the people.”

Ammar Al-Masoudi

alforatnews.com