Expert Warns: The Absence Of The Right Policies Will Turn The Financial Abundance Into A “Curse”

Information / Baghdad.. The economic expert Younis Al-Kaabi stressed, on Saturday, that the financial abundance that occurs must be in honest hands keen to employ it in the development of basic sectors to be in the future an essential tributary to the treasury with oil imports, warning that abundance will turn into a “curse” if policies are absent. correct.

Al-Kaabi said in a statement to “Information”, that “the rise in oil prices as a result of the international conflict and the Russian-Ukrainian war is an opportunity that will not be compensated for by the Iraqi treasury, which has generated large and continuous financial savings for this year and next, according to experts and international data.”

He added, “These large funds must be in the hands of specialists who are keen on the people’s money and must be employed and exploited in the development of the industrial, agricultural, tourism and service sectors to be in the future an essential tributary to the treasury with oil imports,” noting that “this abundance is a blessing from God to the Iraqi people and an irreplaceable opportunity. drained of consumer issues that will become a curse on the Iraqi people.”

Al-Kaabi called on the political forces to “accelerate solving the political blockage crisis, giving priority to the interest of the people over the Iraqi people over partisan and factional interests, and forming the government as soon as possible so that a solid economic policy is put in place that preserves these booms because they are a blessing and on the contrary, it will be a curse on the Iraqi people.”

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