Economy Commission proposes to abandon oil as a basis for a future Iraqi budgets

Saturday 13-02-2016 | 12:57:31

Twilight News Chairman of the Committee on Economy and Investment parliamentary Jawad al / called on Saturday to abandon its oil revenues within the financial budgets, relying on other sectors.

Bolani said in a statement responded to the Twilight News, that the time has come to adopt a correct economic policy based on oil revenues by 30% in the Iraqi state budget and rely on agriculture, industry and religious tourism in securing the other two-thirds of the budget.

He added that the investment of oil money in the sovereign funds to protect the wealth of generations and contribute to the stability of the Iraqi economy and stimulate a national duty and illegal and immoral rests with the legislative and executive branches,

Bolani stressed that complacency in planning a multi-faceted late decision to balance, but still an option that can be relied upon.