Economic specialist: Balancing 2012 are helping to promote t

[Stillw8n]

Economic specialist: Balancing 2012 are helping to promote the economic reality and the need to study again

He specializes in economic affairs Dargham Muhammad Ali, to the budget of 2012 will not strengthen the Iraqi economy and it needs to review and deliberate, and well-studied, pointing out that the budget deficit increased to (23) trillion dinars and this great imbalance must be addressed .

and Mohammed Ali in a statement to the Contact Agency (news) on Thursday: “Although the budget of 2012 a very large but there were no signs of improving economic reality for the next year even though they promote consumer spending, but far from strengthening the infrastructure, which resulted from poor Planning and defective laws, and saw Muhammad Ali that the 2011 budget better than the budget 2012 to increase the deficit, which rose to (23) trillion Iraqi dinars can not assess the balance at the expense of the deficit. “

The Muhammad Ali: “You can not for the author of the budget a deficit this big picture and then The government borrowing from the banks that their funds are limited, or by money orders in the Central Bank of the fact that this process negatively affect the status of Iraq’s financial, economic and lead to a contraction of the currency accounts in banks because the government is unable to pay, and called to deal with this budget, modify, and the House of Representatives Deliberation out and take the opinion of economists, independent and experienced in this area. “

It is noteworthy that Iraq’s budget for next year 2012 will amount to (112) billion dollars, up (36%) for the current year budget 2011, but a deficit of $ (20) billion dollars and he has been allocated (17 ) billion dollars for the security and weaponry.

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