Economist: Parliament’s Vote On A Budget For More Than A Year Is A Dangerous Precedent

The economic affairs specialist, Durgham Muhammad Ali, described the House of Representatives' vote on a budget for more than a year as a dangerous precedent, stifling development opportunities.

Muhammad Ali said, in a statement to the National Iraqi News Agency (NINA), that "approving a three-year budget with a repeated scenario will lose the government's ability to develop its programs based on local and international changes and fluctuations in the local and global economy."

He pointed out, "The repetition of the budget scenario without development and according to fixed estimates is far from realistic, since Iraq's only resource is oil, which is subject to global changes and Iraq has no control over its revenues."

He continued, "The budget should be with a lower spending ceiling, higher flexibility, and a shorter period of time."

Source: National Iraqi News Agency