An economic expert calls on the government to extinguish private sector debt
An economic expert calls on the government to extinguish private sector debt
5-23-2024
Information / Baghdad..
Today, Thursday, the economic expert and former advisor to the Council of Ministers, Bassem Antoine, called on the government to extinguish or postpone the debts owed by the private sector to activate its activity.
Antoine told Al-Maalouma, “Activating the private sector will create great job opportunities for the unemployed and will contribute to revitalizing the economic movement in the country, indicating that what the government has allocated to the private sector in the current year’s budget is a good consideration, but it will not meet the ambition.”
He added, “Activating the private sector is one of the government’s duties by taking measures and steps that contribute to reviving industrial, economic, agricultural and other projects that will contribute to revitalizing the country’s economic movement and not spending hard currencies abroad to meet the requirements of the local market.”
He added, “The most important steps that will contribute to revitalizing and activating this important sector are making decisions to extinguish debts or postpone them for long periods. This measure will create great job opportunities and stimulate the economic movement in the country in particular.”
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