Economist: 9 trillion dinars monthly losses of Iraq due to the delayed budget
Economist: 9 trillion dinars monthly losses of Iraq due to the delayed budget
Sunday, February 9, 2014 13:42
BAGHDAD / Baghdadi News / .. As much as an economist Iraq monthly loss due to delay in approving the federal budget by about nine trillion dinars.
The chancellor said the Iraqi Economic Institute, Dr. Ahmed al-Husseini’s / Baghdadi News / “The value of the daily loss incurred by Iraq because of the continued delay in approving the budget is a huge burden on the Iraqi economy.”
He added that “the biggest losses among the aspects of the federal budget is the investment side because it’s more sensitive to the political and security conditions,” adding that it “leads to disruption of important projects under way and the other, which is in the process of completion.”
He said al-Husseini was quoted as saying that “the investment side in the budget therefore affect other aspects of the budget, including operational citizen associated with the development of the economic terms of jobs and appointments and projects associated with the social life of the individual.” Finished / e
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