Economic parliamentary: Foreign loans would hurt the country’s economy
Economic parliamentary: Foreign loans would hurt the country’s economy
04/25/2015 11:03
Tomorrow Press / Baghdad: Economic Commission representative, confirmed Saturday that borrowing from international banks to deal with the financial crisis in the country is harmful to the national economy, calling on the government to address the crisis by relying on investment. A member of the Economic Committee, beautiful Obeidi for “tomorrow Press” , said that “borrowing from international banks is harmful to the economy, but the need for provisions, especially in light of economic conditions experienced by the country’s deteriorating security situation, which took a lot of the country’s budget,” indicating “the existence of internal and external borrowing The former more desirable because the outer imposes benefits and may be benefits a large impact on the economy of the country. ” She added that “the former economic thinking significantly affected the current economic plans, because the previous budgets placed political quotas,” calling “the current government to move toward investment to save the current economic situation and activate the industry.” She pointed out that “Iraq has Earth and can land investment in vertical construction, especially that there is a housing crisis in the country. ” It is noteworthy that the country is facing major economic crisis as a result of falling oil prices, and the lack of successful economic plans can save other productive sectors, with five-year plans that have been developed by the Ministry of Planning failed because of poor diagnosis and the spread of financial and administrative corruption.
alghadpress.com
