Keywords acknowledges the absence of fiscal policy and accuses the institutions worki
In the absence of financial policy acknowledges relations and accuse the institutions of the political interests of bottlenecks.
Views 61 Date 08/14/2016 - 21:49
Economy News / Baghdad ...
Approved the Governor of the Central Bank on the Keywords, on Sunday, to "the absence of fiscal policy in Iraq," and stressed that it is managed on the everyday problems and social pressures and not drawn for the future ", and was charged with the institutions' work for political interests disability monetary policy in the country", he described the Iraqi budget to "backward."
He said on the Keywords in a speech during a seminar held in the bank building entitled (the Central Bank of Iraq and the way of economic reform in the near to medium term) and attended by "Economy News" that "the economic reform process in Iraq is still at the beginning of the first stage where we note that there are institutions built and established political interests and note that it does not check the curriculum, who painted him, "stressing that" much Mangdaa facing economic reform strongly and are an obstacle to fiscal and monetary policy in Iraq. "
He Keywords that "Iraq needs a major reform of the financial policy and financial management, and the best proof there is the almost complete absence of fiscal policy, where today they are managed on a daily problems and starting points and cornerstones of the individual, society and the pillars social pressures do not draw the future financial policy."
He noted the central bank governor that "the Iraqi budget backward and not related financial programs and mature resources as they affect the financial stability," stressing "we are facing a great responsibility to address the financial crisis, where we continue to rely 95% on oil revenues and 5% of local revenues must therefore be thinking develop effective plans to address this crisis. "