Parliamentary investment: government has taken serious steps to advance country's eco
Parliamentary investment: the government has taken serious steps to advance the country's economy
12/2/2015 0 Comments
He confirmed a member of the economic and investment commission parliamentary Najiba Najib, Wednesday, that the lack of oil revenues prompted the government to face the bitter economic reality that the country is going through, stressing the need to invest existing resources in Iraq to contribute to get out of financial distress experienced by Iraq. She said Najib's / scales News /, that "the Iraqi economy is facing significant challenges related to lack of revenue and increased expenses as a result of the war against al-Daash terrorist addition to the internally displaced people who have increased their numbers about 4 million, which led to get to the current crisis," calling to "invest existing resources in Iraq contributes well to get out of financial distress experienced by Iraq. "
She stressed the need to "diversify the sources of Iraq's revenue and not rely mainly on the oil where it should increase the agricultural sector and industry revenues as well as the activation of trade", noting that "the current government has taken serious steps to advance the country's economy will show results shortly after."
She said: "The government has developed a value of 5 trillion agricultural and industrial area of loan which will contribute to reaching the big positive results on the economic reality in addition to the restructuring of public companies whose results will appear in the near future", emphasizing the "activation of the local product protection laws."
She explained that "the lack of revenue has prompted the government to face the bitter economic reality that the country is going through", noting the importance of "the promotion of non-oil revenue to contribute to the improvement of the Iraqi economy."