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  1. CNN. Broadcasting Advise To The Advisor ! LINK Advisor to the Prime Minister: The Federal Reserve has started to cut interest rates to zero and the financial discipline is the basis for getting out of the crisis 25th March, 2020 The financial advisor to the resigned Prime Minister, Mazhar Muhammad Salih, commented on Wednesday, March 25, 2020, on the option of resorting to the central bank to bridge the deficit produced by the drop in oil prices and the crisis of the spread of the Corona epidemic, while he pointed out that "financial discipline" is the basis for emerging from the recession. Economic. Saleh said in an interview reported to the "obelisk", that the global crisis took its toll from the collapse of the major financial markets, as America lost 16 trillion of its value, and the Federal Reserve began to cut interest to zero, and measures were taken to confront the global economic recession. He pointed out that the world is in an economic recession after the demand for oil fell, as China was the reason for the decline because it is the largest importer, in addition to falling demand from the rest of the world due to the halt in the transportation sector. Saleh pointed out that the continuation of the economic crisis has repercussions on the financial situation in Iraq, as its economy depends mainly on oil, indicating that the measures to confront the recession start from the country that has only financial discipline through spending. And Saleh continued, that the list of operational expenditures is very large in the initial budget plan for 2020, where the deficit was in the range of 52 trillion dinars out of the budget, which estimated 164 trillion expenditures, pointing out that the state entered into a financial warning to re-arrange the exchange and priorities and prepare a budget on the minimum of oil revenues. And on the option of resorting to the central bank to bridge the deficit, the Prime Minister’s advisor explained that Iraq needs financial discipline and this is an opportunity for financial reform, and high costs cannot be enjoyed at the expense of the central bank’s reserves, indicating that the prevailing belief among decision-makers and economic circles is to rearrange the house Finance for Iraq, and the priorities start with organizing expenditures, stopping unnecessary expenditures, and maximizing some revenues.
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