The International Monetary Fund (IMF) calls on Iraq to amend its financial laws and budget items


Economie

By ahad5 View Profile View Forum Posts Visit Homepage 29/07/2019 08:02 PM

Al Ahd News – Follow-up

The International Monetary Fund (IMF) on Monday warned the Iraqi government against continuing what it described as “extravagance”.

“Iraq’s current budget for 2019, if current spending continues as it is, will eliminate any progress Iraq has made economically in recent years,” the fund said, according to the Babel Finance International.

“Expectations indicate an increase in Iraqi spending by 25% annually, unless the government adjusts its financial laws and balance sheet items.”

The IMF described Iraq’s economic situation as “facing serious challenges. Social conditions are low and still severe, post-war reconstruction is slow, growth requirements are very high, institutional weaknesses are very clear, volatile oil prices and geopolitical relations have a big role to play. Conditions of the Iraqi economy. ”

https://translate.googleusercontent.com/translate_c?depth=351&hl=en&nv=1&rurl=translate.google.com&sl=ar&sp=nmt4&tl=en&u=http://alahadnews.net/index.php/permalink/169925.html&xid=17259,15700021,15700043,15700186,15700191,15700253,15700256,15700259&usg=ALkJrhhBc0ZjmJjJDEH91pl7J2x1bqoq5g

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s