19 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Economist: Framework limits government powers
The article focused on the criticisms directed at the extent of the governing framework's interference in Iraq's fiscal policy. It is accused of making decisions on behalf of the government and restricting its powers, especially through agreeing to borrow $5 billion monthly from the Central Bank to finance operational expenses. This intervention is considered a breach of the Central Bank's independence, weakens its financial position, and leads to the depletion of Iraq's dollar reserves. Researcher Ziad Al-Hashimi emphasized that this reflects the ongoing dominance of the political system over financial policies and prevents genuine reforms to address the economic crisis, leaving the government non-independent and lacking the capacity to make decisive decisions.
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