Economist: reducing government expenditures on goods would reduce the deficit




Views 104 Added 11/16/2016 - 21:50

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Said economic expert on behalf of Antoine, Wednesday, that the decision of Prime Minister Haider al-Abadi reducing government expenditures on goods and services will reduce the budget deficit in 2017.

Antoine said in a press statement, that "the step of Prime Minister Haider al-Abadi reducing government expenditures on goods and services considered to reduce the proportion of the deficit in the current budget and shrink purchasing power.

"The private sector has become today in the unenviable position and does not have a surplus to distract them," noting that "the government is the sole financier."

The Prime Minister Haider al-Abadi said, on Tuesday, reducing government expenditures on goods and services increased by 90% compared to the previous Balmozanat.



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