THE FINANCIAL PAIN HAS REACHED ITS PEAK, AND IMPLEMENTING REFORMS NOW IS MERELY A PUBLICITY STUNT FOR THE SUDANESE – EXPERT

 THE FINANCIAL PAIN HAS REACHED ITS PEAK, AND IMPLEMENTING REFORMS NOW IS MERELY A PUBLICITY STUNT FOR THE SUDANESE – EXPERT

Following the Economic Council’s decision on Monday to reduce government spending and maximize revenues, during a meeting chaired by Prime Minister Mohammed Shia al-Sudani, economist Ziad al-Hashemi said that the caretaker government’s presentation of a financial reform plan at the last minute aims to whitewash its reputation in its final days.

He hopes this announcement will encourage political parties to reappoint al-Sudani for a second term and give him the opportunity to implement this plan.

 Al-Hashemi expressed surprise at what is happening in Iraq, noting that governments around the world present their financial plans at the beginning of their formation to address financial errors, improve the quality of spending, maximize returns, and formulate their financial policies in a systematic and disciplined manner.

 He emphasized that the financial pain has reached the core of the government, and only harsh and painful measures that harm the citizen above all others will suffice.