Parliamentary Economy: Iraq overcome the financial crisis

views 46 08/12/2016

He said a member of the Committee on Economy and Investment parliamentary respond by Najib said the "country exceeded the financial crisis." Which went through because of the large drop in oil imports.

Iraq faces a financial crisis since the fall of oil prices in July 2014, which makes up most of its imports, and conducted on the impact of government austerity policy to reduce costs and provide the necessary resources and taking international loans to secure war supplies to the terrorist Daash gangs, and staff salaries.

She said Najib told that "the government has been able to overcome the stifling crisis that existed at the beginning of this year and the situation is now better than before the crisis."

, However, "but until now we have not Ntakt financial crisis in general Vairdatna still less than our costs and this will remain a significant shortfall in the budget."

She explained, "The war against Daash is exacerbated by the financial crisis coincide with a drop in oil prices, which we continue to rely on him in the construction budget," noting that "the current government has taken some steps towards building a strong economy but not the level of ambition."

She drew Najib that "the 2004 budget and the reduction in 2014 that are 95% or more, only on oil revenues," noting that "What we're saying today in the budgets for 2015 and 2016 this figure fell slightly to about 90% based on oil only and this shows that there is a change, but is not at the required level. "

She stressed that "the government is taking steps to serve economic interests of the Iraqi economy."

The Planning Minister Salman Jumaili said on 11 July, that "Iraq has drawn the most dangerous phase of the economic crisis, after passing the first half of 2016, and that the world is growing confidence of the Iraqi economy."

He Jumaili the hope that "the second half of the 2016 best, as will Iraq by the end Daash and the return of displaced persons as well as the existence of positive indicators for the rise in oil prices in the global market as well as the results of economic policies and treatments taken by the government during the last stage."

Economic Adviser to the Prime Minister Haider al-Abadi, said that "the Iraqi economy is gradually recovering, but slowly and treat the situation day by day and week by week as he said,".

He said the appearance of Mohammed Saleh, 25, last month, that "Iraq is still in financial distress do not want to be overly optimistic and pessimistic at the same time, caution is required, but there politically and economically determined to continuously rotate the course successfully."

"Since 2014 and until today the country moving the right way and there was no negligence on the obligations of the government in the past year as well as the first half of 2016 and this means that there is the economic success of the approach of the government and this success must sustain the momentum it."