Parliamentary Finance for "Trend Press": Multiple revenue solution is the best out of the international debt crisis



19/07/2017 12:16 | Number of readings: 301


Direction Press / Special

The Parliamentary Finance Committee stressed on Wednesday that the federal government should work on multiple sources of revenue for the state in order to get out of the international debt crisis and not rely solely on oil revenues.

Committee member Ahmed Hama said in an interview with "Trend Press" said that the federal government is currently dependent on oil revenues is not enough to resolve the financial crisis and the payment of international debt and must be multiple sources of revenue for the state, indicating that the dependence on food industries due to the abundance of agricultural land and tax collection As well as reliance on religious tourism and leisure.

He added: The volume of debt owed to Iraq amounted to 111 billion and 725 million dollars, of which foreign 68 billion and 220 million dollars and the remaining amount of internal debt.

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