24/08/2012
Baghdad (news) ..
Economic expert warned Salem al-Bayati, the likelihood of increased
inflation index when increasing the salaries of employees and retirees
and the granting of loans and financial continuing advances percent
salary because it will increase the money supply in the market in the
absence of a local product.
Bayati said (of the Agency news): The index rising annual inflation rates in Iraq due to the lack of clear economic policy in the country and the process of pumping money by the government to citizens, whether for salaries or loans held ways random without a study of the economic feasibility than lead to mass increase cash in the market.
He added: that the plans by the federal government to increase the purchasing power of citizens to serve as "processors prosthesis" through any salary increase and the granting of advances financial which addresses a specific area of the state to cover the purchasing power but on the other hand will increase the rate of inflation in the country.
He called al-Bayati: the need to develop a feasibility study before coming to implement a specific plan in order to not affect the national economy. / End / 8. N. P /
Bayati said (of the Agency news): The index rising annual inflation rates in Iraq due to the lack of clear economic policy in the country and the process of pumping money by the government to citizens, whether for salaries or loans held ways random without a study of the economic feasibility than lead to mass increase cash in the market.
He added: that the plans by the federal government to increase the purchasing power of citizens to serve as "processors prosthesis" through any salary increase and the granting of advances financial which addresses a specific area of the state to cover the purchasing power but on the other hand will increase the rate of inflation in the country.
He called al-Bayati: the need to develop a feasibility study before coming to implement a specific plan in order to not affect the national economy. / End / 8. N. P /