Economist attributed the downturn in the markets to a decline in state revenues 9/27
Economist attributed the downturn in the markets to a decline in state revenues
9/27/2015 0 Comments
[Where BAGHDAD] attributed the economic expert downturn witnessed in the markets in Iraq to a decline in state revenues. Said Bassem Jamil told all of Iraq [where] that "there is a significant economic contraction in the market, because the main financier of the country's economy is the state, and the government is that the disposal of mainly", adding that "the government revenues fell dramatically as well as the private sector, which was associated work with the government, especially equipment and tenders stops in general and became there an economic downturn.
"He explained that" the citizen began to fear what will happen in the future, so quick to provide part of the money for enough time emergency needs and became a citizen only with his former Eid requirements until improvement economic conditions.
"The head of the Parliamentary Finance Committee Ahmed Chalabi warned during a televised interview from the worsening financial and economic situation in the country unless there quick and serious reforms in the coming weeks.
has seen world oil prices, a significant decrease was the lowest in six years.
adopts the Iraqi state in the construction budget annual financial by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq's resources reaching its budget in 2015 about $ 100 billion deficit expected up to 25%, prompting the government to launch treasury bonds worth 6 billion dollars and borrowing from the International Monetary Fund about $ 1.2 billion, an attempt to reduce this deficit with the continued decline Alasar.