Abtan: Iraq will face a big problem in the budget of 2013

Abtan: Iraq will face a big problem in the budget of 2013
Mashreq – Ali Mullah:

Posted 02/07/2012 07:08 PM

Baghdad: MP for the National Alliance, Abdul-Hussein Iraq Abtan affected by the global economic crisis. Revealing that the country will face a big problem in the 2013 budget as well as the balance of 2012. A member of the parliamentary economic committee in connection with (East): to approve the budget of 2012 was calculated on the basis of price of a barrel of oil $ 86 and now the price per barrel dropped to 84 or 83 dollars. He said: The second problem, Iraq, unfortunately, can not now export more than 2.300.000 barrels per day while he was adopted in the endorsement of the budget to issue 2,600,000 barrels per day Add to that now that Iraq is suffering a shortfall in the budget for 2012 by 14 trillion dinars. In the opinion of the Attorney Hussain Abtan that Iraq is suffering the absence of clear economic visions, as well as the lack of strategic plans to build a strong economic country in spite of the diversity of economic resources. He said despite the lapse of 8 years to the fall of the former regime, Iraq is a big problem in the case of the diversity of revenue and is still dependent on oil. Even in this area with great regret is not the development of this sector to be the right way, as it was supposed to invest the agricultural sector, industrial and tourism so as not to get into this situation, which is my estimation very difficult. In answer to a question (the Levant) who is responsible for economic policy in the country, he said: I would like to clarify the issue of which is that the Economic Committee in the House of Representatives claimed the legislation of laws that come from the government and discussed and drove her to the presidency for the purpose of approval, and assist the government in the legislation of these laws. Add to this that the parliamentary committee had a responsibility to control four ministries concerned, namely Planning, Trade and Industry and the Investment Authority. Said the parliamentarian said: “The Economic Committee in the Council of Ministers Vms├║latha put the general economic policy of the country and this responsibility is restricted to this Committee.
Source: almashriqnews