Senior Economist: delay in the adoption of the budget will l

[Stillw8n]

Senior Economist: delay in the adoption of the budget will lead to stagflation in the country

Baghdad (news) .. Warned the expert economic peace Sumaisem of an economic problem, the so-called “stagflation” in the country in case of delay adoption of the budget due to the absorption of unemployment and delayed implementation of investment projects.

The Sumaisem in a statement to the Agency (news) on Tuesday: The delayed adoption of the budget and not the launch of the financial allocations their time specified will lead to economic problems, many in the country, including the so-called “stagflation” as a result of worsening unemployment and non-absorbed, in addition to their direct impact on investment plans developed by the ministries and departments through the non-release of allocations of the investment budget to it and continued exchange financial allocations for things operational.

The Sumaisem to: the local markets today are rising prices materials as a result the gap between supply and aggregate demand, asserting that the delay in adoption of the budget will affect the implementation of many of the investment projects that need it the country, which will make there inflation in the markets and the recession in the the economic process.

and called for an economic expert to the need for rapid approval of the financial budget for this year to launch financial allocations early to the provinces and ministries for the implementation of investment projects and avoid a lot of economic problems in the country.

and that Iraq is today a state of tension in the political arena, making economists influenced by fear of the political crisis on economic issues at a time when the country is in dire need to implement strategic projects and service it.

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