Warnings of the collapse of the Iraqi economy to "day and night" because of the oil and "state employees"

08.31.2015 at 11:49 (GMT Baghdad)

Special - scales News
He favored economic expert Abdul Hassan al-Shammari, Monday, the collapse of the Iraqi economy because of lower oil prices and the lack of sufficient funds to give the employees' salaries, noting at the end of 2015 will reach the budget deficit in 2015 of more than $ 40 billion.

Al-Shammari said L / scales News / "The world is going through a very huge financial crisis caused by the drop in oil prices below $ 40 could reach $ 20 in the coming days," noting that "the world is moving towards abundant supplies in exchange for the lack of consumption because the global economy is suffering from the recession leads to a lack of oil consumption, especially in the United States and China. "

He said economic expert, said "Iraq first affected by lower oil because it does not have any other supplier with oil and thus led to the reversal negatively on the budget in 2015," stressing that "at the end of 2015, the deficit will reach more than $ 40 billion because he is still oil prices low and it will fall further in the coming stage. "

And Al-Shammari said that "the Iraqi economy could collapse the day and night because of the lack of funds is enough to give the employees' salaries, considering that Iraq state employees and not the State of production," noting that "all the oil resources that go to Iraq given to staff salaries and import from countries of the world and this is because of the drop in oil prices ".anthy 29