Iraqi MP: There is no financial crisis in the country, but rather corruption and mismanagement
Iraqi MP: There is no financial crisis in the country, but rather corruption and mismanagement
26 October 2020 11:24 AM
Mubasher: A member of the Iraqi parliament, Burhan Al-Mamouri, said that the country is not suffering from a financial crisis, but rather from corruption and mismanagement.
Al-Maamouri added, according to a statement by the Media Department of the House of Representatives, that Iraq is a country with multiple natural resources and diversified goods, and it has sources of financial revenues that make it at the forefront of the world’s richest countries.
Al-Mamouri indicated that the resources of the border crossings, the holy shrines and taxes, if properly utilized, would alone suffice for the people to live in luxury and prosperity.
A member of the Iraqi parliament noted that the quota system that successive governments followed after 2003 is one of the most important causes of the loss of the country’s wealth, adding that the lack of use of competencies and economists and placing inappropriate people in financial decision-making centers is one of the most important results of the deterioration that Iraq is going through.
Al-Mamouri pointed out that it is the lack of clarity of the financial system, urgent decisions and useless plans that led to a large waste of public money, but he believes that there is no real financial crisis, but rather, codified corruption and poor planning and management is the reason that brought the country to the brink of economic collapse.
mubasher.info
