Adviser to Ebadi: 2016 budget (austerity motivational)

02/01/2016 06:11 PM

Mashreq - the news section:
Stressed the economic advisor to the prime minister Haider al-Abadi, on Saturday, that Iraq is suffering from an economic recession due to the financial crisis, and a description of the financial budget for the current year 2016 as the "stimulus austerity", and with the exception of an economist that the budget "poor" for they are free of appointments and the fall in world oil prices, and lack of support from government and the private sector, he pointed out that the success of the government bond market, which intends issued depends on the support of the International Monetary Fund have. He said the appearance of Mohammed Saleh, an economic advisor to the prime minister Haider al-Abadi said that "talk of a recession in Iraq is taken for a holder," attributing it to "financial crisis plaguing the country." Saleh added that "the manifestations of the economic recession in Iraq is clear, from the high unemployment rate that reached 28 percent," denying "the existence of inflation in Iraq, although as the rate amounting to two percent, the lowest in its history." He predicted economic adviser, that "the growth of GDP between one range to one and a half percent," returned as "better than in the past in 2014, although it is less than the population growth of 2.8 percent rate, as this difference is not conducive to the economic sector and the widening growth his movement. " Salih stressed that "the government went to sell the bonds two billion dollars, came within the project's budget next year to meet the 2016 deficit," returned to "plug in the budget does not reflect the ways they austerity, it is still great." He guessed adviser Abadi, that "those bonds are very popular," pointing out that it was caused by "being a sovereign."