Arabic University hails Iraq economic procedures

22/2/2016 12:00 am

Baghdad – Farah pumice
Arabic University Chancellor praised the Iraqi Government's actions in response to the financial crisis, calling for the attribution of an Iraq in order to overcome the challenges posed by lower selling prices of crude oil on world markets.

International arbitration Advisor felt University Arabic Najat Hussin told» morning», «Government action needed for attribution, especially that Iraq passes over a year ago with an economic crisis.

She noted that the economic situation facing an additional challenge as a result of high financial requirements to address terrorist organizations from security forces processing costs that cost nearly a third of the public budget for Iraq.

She said Hussein, a businesswoman, said the country is not bankrupt, as described by some local media or Arab, he has backed up financially is about $ 60 billion, adding to the stock of deposits and Bank property and Mesopotamia Government an estimated 300 Yin billion dollars, the highest in the Middle East region, as saying.

She hailed the team of economic advisers working with the Prime Minister, indicating that they see and experience, but they need attribution.

It was announced Prime Minister Haidar Abadi early this month, the Government has developed procedures and numerous resolutions on the subject of five reforms including the economic file, indicating that the Government is to restructure the economy strides into the country.

With regard to rapid Government action and results, which showed that the activation code has achieved good earnings taxes early in the year 2016, allowing the payment of staff salaries and retirees, and secure payments for this year.

However, the Chancellor said the country needed more economic reform, especially since he possesses valuable natural resources, in addition to important sectors (industry and Agriculture) and the possibility to invest in the correct format, as well as the supplier of religious tourism, archaeological, recreational, urging investment in those sectors to meet the challenges, including the reconstruction of the liberated areas which represent the weight of another, as well as the need of the displaced to their areas.