Vice Iraq is likely to declare bankruptcy completely in the coming years
1/9/2016
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Vice student for the National Alliance, on Saturday, the government and the ministries concerned to find an alternative to oil for the construction of public budgets for the coming years, as he emphasized that the government's dependence on oil imports will enter Iraq in crisis and could announce bankruptcy in the coming years. Messenger said in a statement received Tai / scales News / copy of it, that "In light of the low price of a barrel of oil on world markets and the tense situation in the region, it is imperative on the government and the ministries concerned to find an alternative to oil for the construction of public budgets for the coming years."
He added that "oil imports represent annually more than 90% of the general budget size, so must find another resource for the budget," noting that "the wages of collection to the Municipality of Baghdad and some of the ministries on the ads, shops and factories, businesses and restaurants, as well as taxes on phone companies mobile customs tariff and the other will be a good resource for the government to meet some of the project budget deficit. "
He said al-Tai, "The government's dependence on oil imports and regarded as a major supplier of the budget under the current drop to $ 33 a barrel will enter Iraq in a real crisis could announce bankruptcy in the coming years."

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