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Experts: Iraq losses will amount to 12 billion dollars a month in the event of a failure to approve the budget
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BAGHDAD - Iraq Press - July 12: Many experts have speculated that the loss of Iraq by the monthly non-adoption of the budget for the year 2014 more than 12 billion dollars a month.
He said economic expert, Mustafa Mahdi, said that "the loss incurred by Iraq every day on the back of a failure to approve the budget will amount to more than 400 million dollars a day which will reflect negatively on the living standards and economic reality of the country."
Mustafa added that "the only budget that was approved at the time the 2005 budget year and the percentage rate of 40% and wondered about the rate of exchange in the budget did not acknowledge to this day."
It is said that the parliamentary Finance Committee announced on 30 September 2013 to the current 2014 budget, amounting to 174.6 trillion dinars, indicating that the bulk of which was allocated to the energy sector and security. A finished
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BAGHDAD - Iraq Press - July 12: Many experts have speculated that the loss of Iraq by the monthly non-adoption of the budget for the year 2014 more than 12 billion dollars a month.
He said economic expert, Mustafa Mahdi, said that "the loss incurred by Iraq every day on the back of a failure to approve the budget will amount to more than 400 million dollars a day which will reflect negatively on the living standards and economic reality of the country."
Mustafa added that "the only budget that was approved at the time the 2005 budget year and the percentage rate of 40% and wondered about the rate of exchange in the budget did not acknowledge to this day."
It is said that the parliamentary Finance Committee announced on 30 September 2013 to the current 2014 budget, amounting to 174.6 trillion dinars, indicating that the bulk of which was allocated to the energy sector and security. A finished
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