economic professional Nabil Al-Marsoumi warned, these days, Tuesday, of the hazard of overlaying the excessive financial deficit in the 2025 budget with home debts.
Al-Marsoumi stated in an interview with dinaropinions.com, “The kingdom’s public expenses are constantly growing, and consequently the finances deficit keeps. The economic budgets after 2003 protected a making plans deficit of a sure amount, and then while the price range is applied, there may be a surplus.” He indicated that “we observed within the financial price range for the year 2024 a deficit of more than 20 trillion dinars, which is an actual deficit, now not a hypothetical or speculative one.”
He added that “this remember ends in an increase in the internal debt, which has grow to be 83 trillion dinars after it was round 70 trillion dinars,” noting that “masking the economic deficit in the price range through the inner debt is the source of threat in Iraq today and causes awesome burdens and weakens the kingdom’s financial potential, in addition to casting a shadow over the general economic motion in the united states of america.”
it is noteworthy that the modification of the financial budget for the current yr is witnessing a number of controversy, mainly with the delay in sending the finances tables to Parliament until these days, even as representatives verify that they’ll no longer vote to bypass the regulation unless some of its paragraphs are reconsidered, which include Article 12 related to the fees of extracting oil from the Kurdistan vicinity and handling its smuggling.
