Parliamentary Finance: There are fears that the year 2016 witnessed a major financial crisis

2015/12/27 17:12

{Baghdad: Euphrates News} Confirmed a member of the parliamentary finance committee pros Hamadoun there is a real fear that the next witness in 2016 financially austere, severe economic crisis.

She said Hamadoun told {Euphrates News}, that "the real deficit, which appeared on the budget in 2016 will cause a lot of service projects complete, which makes it imperative for the government reduce government spending at high rates."

She said a member of the Finance Committee that "the country's dependence on unilateral economy any dependence on oil as a resource and a single, significantly affected the creation of a financial crisis; due to lower global oil prices.

"She stressed the need to find alternatives to oil to revive the Iraqi economy Ktfiel sectors of industry, agriculture, and support for local products are suitable for imported goods, which took a large area in Iraqi market. It ended 1 h