11 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Al-Hashimi urges budget reform
The article presents criticism from Ziad Al-Hashimi, an international economics researcher and consultant, regarding Iraq's 2027 budget proposal. He认为 it does not align with the difficult financial circumstances the country is facing, nor does it include measures to cut spending or address corruption and financial waste. He pointed out that Gulf countries have taken steps to rationalize spending despite possessing large reserves and sovereign funds, whereas Iraq's budget allocates 217 trillion dinars, based on an assumption of exporting 4 million barrels per day—an unrealistic assumption given current circumstances. Al-Hashimi called for a budget focused on crisis management that emphasizes controlling spending and reducing corruption and waste, rather than relying on increased revenues through measures that would impact citizens’ salaries. He believes that continuing with the current approach will repeat past mistakes. The 2027 budget serves as a test of the government's ability to handle the financial crisis, and its focus on financial reforms is crucial for achieving greater economic stability.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)