2-25-2014 Newshound Guru Kaperoni
Article: "Parliamentary
Finance: The government may have to borrow from the central bank to pay
salaries next March" The
reality is the IMF, World Bank have warned them for the last few years that
they need to get away from total oil dependency, and to cut spending.
Yet Maliki's GOI continues to increase spending and hiring of Iraqis' on the
GOI payroll. Some 70% of the budget is salaries, wages,
etc...which soon will be a mess as they have no money to pay anyone (since the
budget is not passed). Though
we may not like this, it may be what it takes to get these clowns to change
their way of thinking and transition to a market economy.
