Expert: Iraq is forced to "search" for alternative financial sources for oil because of the economic downturn
13:04 pm (Baghdad time)
Special scales News
Confirmed economic spokesman Antoine expert, on Thursday, the decline in world oil prices caused a contraction of the Iraqi economy.
He said Antoine, L / balance News /, "The oil sector is the backbone of the economy of Iraq, which is relied upon to finance the budget," noting that "at the low and high labor oil prices affect the federal budget."
He added that "Iraq is forced in this case, the search for other sources to fill the budget deficit, and increase Kalaguetrad other materials revenue."
He pointed to the expert, that "thus at high and low oil prices, caused by running deficits in the budget and the delay, the Iraqi economic sector will develop downturn" .anthy