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

[yota691]

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

1/24/2012 | (Voice of Iraq) - Add comments - Baghdad (news), an economic expert has warned of a peace Sumaisem 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 late adoption of the budget and not release 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 the continued disbursement of the financial allocations of the 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 to implement many of the investment projects that need it the country, which will make there inflation in the markets and the recession in 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 problems economic development in the country. This is Iraq today is witnessing a state of tension in the political arena, making economists worry the impact on the political crisis on economic issues at a time when the country is in dire need to implement strategic projects and service it.

Read more: http://www.sotaliraq.com/business.php?id=5332#ixzz1kNEBuY7w

[fastarnie]

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 problems economic development in the country.

Read more:

I think he said you guys would benefit from approving the budget. Hurry times running out.

[k98nights]

Economic Expert: delay approving the budget would lead to inflation ركودي in the country

On Tuesday, 24-01-2012 02: 08 PM

Baghdad (News). Economic expert salam smeism warned of an economic problem the so-called B "Inflation الركودي" in the country in case of delay in approving the budget due to absorb unemployment delayed the implementation of investment projects.

Smeism said in a statement to the (news News) today (Tuesday): that the delay in approving the budget and the financial allocations at the time and would lead to many economic problems in the country, including the so-called "of inflation الركودي" as a result of the aggravation of the unemployment and absorbed, in addition to their direct impact on investment plans laid down by the ministries and departments through the non-investment budget allocations to exchange and financial allocations to operational.

Smeism said: that the local markets are rising material prices as a result of the gap (between the supply and demand total, confirming that the delay in approving the budget would have an impact on the implementation of many of the investment projects in need of the country, which would make there is inflation in markets and the stagnation in the economic process.

Economic expert called on the need to speed up the approval of the financial budget for this year for the financial allocations early governorates and ministries for the implementation of investment projects in order to avoid the occurrence of many economic problems in the country.

This is Iraq today a state of tension in the political affair, which made economists fear the vulnerability of political crisis on economic issues at a time when the country is in dire need of the implementation of the projects and strategic in it. /End/8.). R /

http://ikhnews.com/news.php?action=view&id=30993

[simon8957]

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 problems economic development in the country.

Read more:

I think he said you guys would benefit from approving the budget. Hurry times running out.

Well said Arnie...I like it when someone breaks it down using the KISS (keep it simple stuiped) method. Lord know I need it as simple as possible....

[sandfly]

B)i wish they would do it. then we would have a r/v. it's cold here in afghanistan. and i'm ready for some warm weather.

[Stryker365]

You know alot of people thought that the reason the economy in Iraq had a big drop in it was due to the US withdrawal but imo it was because the US military employed a lot of Iraqi's and now they are all out of work.....

The troops eat on their bases and didn't go shopping in their markets but just look at how many translators are trying to get what was promised to them, a visa to the US, their life's are in danger there because they are considered traders. Just like our powers in charge to promise people something and then turn their backs on people...

Sorry, got of on a tangent....the point is...they need the budget because of the unemployment, inflation rising.....get the show on the road you bunch of dummies....

Edited January 24, 2012 by Stryker365

[Carrello]

B)i wish they would do it. then we would have a r/v. it's cold here in afghanistan. and i'm ready for some warm weather.

I hope you are lounging on a beach soon, Sandfly. We all want you home soon. Be safe.

[fnbplanet]

B)i wish they would do it. then we would have a r/v. it's cold here in afghanistan. and i'm ready for some warm weather.

See ya poolside in Vegas!

[yota691]

You know alot of people thought that the reason the economy in Iraq had a big drop in it was due to the US withdrawal but imo it was because the US military employed a lot of Iraqi's and now they are all out of work.....

The troops eat on their bases and didn't go shopping in their markets but just look at how many translators are trying to get what was promised to them, a visa to the US, their life's are in danger there because they are considered traders. Just like our powers in charge to promise people something and then turn their backs on people...

Sorry, got of on a tangent....the point is...they need the budget because of the unemployment, inflation rising.....get the show on the road you bunch of dummies....

Stryker you think this could cause a push to do something, another rate change, or some kind of panic?

[Stryker365]

Stryker you think this could cause a push to do something, another rate change, or some kind of panic?

I think so, it sure should but we are talking about Iraq...See I think that all of this (economic growth, revaluation,etc..) as been planed out for a long time but the problem is no one counted on these idiots fighting like kids when our troops left....exit stag right...

We are just witnessing a delay in the plan...that's all.....other world problems may be causing a little delay but I think it is the fighting and we are waiting on Iraq.....The problem is we can only watch what they do and can only take a little of what they say as the truth...

Edited January 24, 2012 by Stryker365