Economist: financial liquidity is sufficient in Iraq but corruption and mismanagement development fails
Economist: financial liquidity is sufficient in Iraq but corruption and mismanagement development fails
5.1.2015 9:11
[Baghdad-where]
confirmed an economist insufficient financial liquidity in the case of Iraq, despite the austerity is going through.
He said Raad al-Jubouri told all of Iraq [where] that “financial liquidity in Iraq may be enough despite the state of austerity if it was good disposition, but there is mismanagement and corrupt big waste of money and if we were able to stop these aspects would be the liquidity sufficient exactly because the Iraqi people have lived less weakening of the current time budgets, compared with the peoples of neighboring countries was their budgets Balemyarat at the time. ”
He added that “the current budget for Iraq, equivalent to about almost five countries balance in the region, but the Iraqi political system form is of economic system reform fails it from difficult to produce economic development and preserve the public money and eliminates the phenomenon of corruption, because billions of dollars have been stolen and wasted because of corruption people and parties and went without the expense. ”
He stressed Jubouri “There is a real solution possible that doing the Prime Minister Haider al-Abadi take very bold steps in exposing the corrupt and keep tabs Whatever affiliations and positions and then possible to be part of the economic situation of reform and ensure equitable distribution of wealth. ”
He pointed out that “there is no fear of lack of financial liquidity, but the waste of money because of corruption and this is something that needs a strong decisions as we have to eradicate this phenomenon.”
The the appearance of Mohammed Saleh, an economic advisor to the prime minister said Wednesday that the “general direction of the state is to end the phenomenon of the sale of oil and the distribution of imports for the salaries of the staff and operating expenses with the trend toward product of the people,” expected to “see Iraq progress in the field of investment and the creation of a new investment climate and the first steps that signing contract to build a petrochemical plant with Shell, and we consider it a breakthrough in depth Basttosmar oil wealth. ”
it intends to Iraq’s request for emergency funding of $ 400 million to $ 700 million from the International Monetary Fund, while the government made a decision to issue government bonds worth $ 5 billion, and it continues to negotiate on their own terms.
The passing of the country in a state of fiscal austerity and a crisis in the provision of cash called on the government to think about and study to extend the payment of staff salaries period to forty days instead of a month and the imposition of numerous taxes to cover the deficit in Almoisnh.anthy 2
alliraqnews.com
