Deputy: The wrong economic policy forced Iraq after the stage of urging to resort to internal borrowing and external

Readings: 23 2017/05/18 14:25

Member of the Finance Committee MP Masoud Haider said successive Iraqi governments after 2003 did not deal with the management of the Iraqi economy and financial management rationally.

He said in a statement today that "despite the high oil prices and explosive balances in 13 years, Iraq has not been able to build a strong economy and solid infrastructure contribute to improving the economic situation of the Iraqi citizen."

He explained that "the annual revenues were more than 100 billion dollars and the infrastructure is not built for an important city, such as the province of Basra, which is the artery of the Iraqi economy and the most important source of revenue of the Iraqi state."

He added that "the wrong economic and financial policy forced Iraq after the advent of the call and low oil prices since mid-2014 to resort to external and internal borrowing is necessary, so that the government can pay the salaries of employees and retirees and self-financing companies that are supposed to secure salaries of its own product, To secure the cost of the war on terrorism, otherwise the collapse of the fate of the Iraqi state. "