Parliament calls for economy to move toward austerity & stay away from ext. borrowing
Parliament calls for the economy to move towards austerity and stay away from external borrowing
Our economy / Baghdad - He stressed the economic and investment commission parliamentary member Harith al-Harthy, the external borrowing turn will increase the economic burden on Iraq, stressing the need to move towards austerity in line with the economic situation that the country is going through.
He said Al-Harthy said in a statement seen by the agency of our economy news, that "external borrowing will cause future additional new problem added burden on Iraq by increasing taxes and extra charges on the amounts that will be used from borrowing," noting that "the Iraq trend toward austerity and rebalancing It is healthier to be in the budget deficit due to treatment because of lower oil prices."
"The current budget is responsive to all of Iraq requests as well as it does not satisfy the House of Representatives and will be returned to the government to be corrected many passages where," stressing "the need to belong to the Asian Bank for the advancement of the economy of Iraq and provide better services."