Jubouri: Global bonds had been Iraq's economy at risk 8/30
Jubouri: Global bonds had been Iraq's economy at risk
According to a member of the Finance Committee parliamentary MP Haitham al-Jubouri, the government's reliance on the need to support the issuance of a national rather than global bonds may weigh heavily on the state in the future.
Jubouri said the island revealed that 'any reliance on international bond will display the future of the Iraqi economy and the threat of international pressure, especially that the future of oil prices Anonymous'.
He added that 'the government to work to reduce the budget deficit by relying on the issuance of bonds to the public the Iraqi government guarantees', pointing to the importance of encouraging voluntary savings for citizens and benefit from the Iraqi capital inside and outside the country.
Jubouri believes that the fall in oil prices poses a significant threat to the Iraqi economy being dependent on the sale of crude revenues.
He explained saying, 'We are now in a crisis and greater deterioration of prices, especially as we are at war on the organization of the Islamic state, and these need to expenses and budget and financial support stable, Reduced prices affect the war situation and standard of living'.