Najib: Override financial crisis plans are not the level of ambition

October 4 2015 19:42

said a member of the Committee on Economy and Investment parliamentary Najiba Najib, said plans to overcome the financial crisis "is not the level of ambition."

And showed Najib has so far exceeded the financial crisis plans are not the level of ambition, because the results are concrete so far, "pointing to the need to" Economists from outside the country involved the development of those plans.

"She added that" a lot of plans have been announced, but it is implemented, "a renewed emphasis on that" these plans should be consultancy of relevant experts Cannon have so crises have tried to get out, especially the question of the private sector.

"She Najib said" agriculture permanent oil and there were agricultural initiatives, but they were not activated in a real and actual, Vadt to waste money without having to touch their outputs.

"relies Iraqi state in the construction of the annual financial budget by about 90% on oil imports Source, The 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 and borrowing from the International Monetary Fund about $ 1.2 billion, an attempt to reduce this deficit with the continuing drop in prices, with included a draft budget 2016 presented by the Ministry of Finance to the Cabinet in 15 of last September, which amounts to spending 113.5 trillion Iraqi dinars [99.65 billion] a deficit of 29.4 trillion dinars [ 25.81 billion dollars.

He was a member of the parliamentary finance committee Sarhan Ahmadhdhir on the fifth of September, the country's vulnerability to disaster overall economic collapse.

He said that "Iraq is on the verge of economic disaster, a comprehensive economic collapse as a result of the lack of consistent studies with lower oil prices, thus the right of the Iraqi economy, including not bear since the fall of the former regime in 2003, "stressing the need to" move on rich nations and the International Monetary Fund and all the regional and international levels in order to save the country from economic decline, as the war on Daash, and the crisis of displaced people, burdened economy, prices Oil led to what led to him now, "pointing out that" the Iraqi government must move quickly toward these countries. "