Government announces taken several economic and financial decisions that will promote investment
Government announces taken several economic and financial decisions that will promote investment and development wheel
Thursday, October 6/06 November 2014 14:46
Intergovernmental Economic Commission announced taken several economic and financial decisions to pay for investment and development.
A statement by the Office of the Deputy Prime Minister Ruz Nuri Shaways received by all of Iraq [where] a copy of the Shaways “presided over yesterday’s second meeting of the Committee on Economic Affairs, which considered its own agenda and discussed the current economic situation and the need to develop appropriate plans to address the security and economic challenges for the advancement of reality and economic service to the Iraqi people. ”
The statement added that “the Commission has taken many of the economic and financial decisions that will boost the economy, investment and development forward for the service of the public interest.”
The Commission did not explain the nature of these decisions and nature.
The statement pointed out that “the meeting was attended by Hoshyar Zebari and Finance Minister Adel Abdul-Mahdi, Minister of Oil and Salman al-Jumaili, Minister of Planning and Mlas Mohammed Abdel-Karim, Minister of Trade and Naseer Kazem Minister of Industry and Minerals and Falah Hassan Zeidan, Minister of Agriculture and Sami al-Araji, head of the National Authority for Investment and Obeid shop assistant secretary-general of the Council of Minister Osman Salman Aboudi, head of the legal department in the Prime Minister’s Office. ”
The Finance Minister Hoshyar Zebari said Tuesday that “wasteful spending by the government on its fight against al Daash, which included more than a billion dollars on the security file,” noting that “part of the economic and financial problem that we face is this spending.”
Government to provide 2014 budget to parliament but has not been able promised details of expenditure in the coming days to include the size of the expenditure and revenue for each month of the past few months to be ratified in parliament. ”
Economists warned Iraqis of a significant shortfall in the fiscal budget for Iraq through 2015 if it continues to fall in oil prices, which reached $ 85 without, especially with the country’s dependence on oil rents by more than 90% in the annual financial allocations’s balance.
With the Iraqi government warned that the lack of financial liquidity may portend the future to bankrupt the state treasury with the decline in global oil prices, according to what he said Oil Minister Adel Abdul-Mahdi during hosted in Parliament Thursday Almadi.anthy