Parliamentary investment: Cabinet committees economy failed to do not put plans
Parliamentary investment: Cabinet committees economy failed to do not put plans for oil prices
Vice Chairman of the Committee of Economy and Investment parliamentary economic committees in the Council of Ministers by the failed] to not put plans for future price of crude oil. He said Harith al-Harthy told all of Iraq [where]: "He was able to economic committees in the Council of Ministers and planners of the economy put future possibilities, because the price of oil global market we will not exercise control over it, adding that he" was supposed that there will be possibilities for the rise or decline.
He asked "in the case of low oil prices, what the role of economic committees in the Council of Ministers and the Investment Authority and the economy there is failed and all those who have worked in this area are the failures of economic policy. He noted that "We have to find alternatives to natural resources and encourage the private and the agricultural sector so that we can reduce the import of materials, even if in limited because all it helps to strengthen the economy. 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. it relies Iraqi state in the construction of the annual financial budget 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 Ask treasury bonds worth $ 6 billion and borrowing from the International Monetary Fund about $ 1.2 billion, an attempt to reduce this deficit with the continued decline Alasar.