MP calls to diversify resources of Iraq’s economy

Member of the Parliamentary Economy & Investment Committee, MP Salman al-Musawi, called to “Activate the taxes and upgrade the agriculture and industry sectors to be exploited as additional revenues beside the oil sector revenues,” noting that “The economy of Iraq is growing increasingly but it still depends on oil sector only.”

Musawi stated to Iraqi News “Many countries predict high speed in the Iraqi economic growth due to the increase of the oil exports but at the same time we need wise management for those oil revenues.”

He stressed on the need to “Launch the taxes and support the private sector as being resource for providing jobs for large category of the society which suffers significant unemployment.”

The US has announced earlier, that Iraq’s economy will be the fastest in terms of growth in the world during 2013.