A member of the parliamentary Finance warns of economic paralysis and calls for metals Investment
A member of the parliamentary Finance warns of economic paralysis and calls for metals Investment
07.10.2016 10:29
{Baghdad: Euphrates News} warned the parliamentary finance committee member Ahmed Sarhan, the Iraqi economy is paralyzed as a result of the financial crisis and low oil prices.
Said Ahmed told {Euphrates News} “We appeal to the government interest in minerals sector they constitute an enormous wealth and should not be underestimated, and must be exploited and taken in extra revenue for the budget.”
He added , “If you continue to the reluctance of the government in minerals and other sectors to invest, the Iraqi economy will develop paralysis can not to recover from it over generations , “noting” there metals comparable to what in some countries or it does not exist has therefore would form if exploited tributary essential for the Iraqi economy and the general budget. ”
He continued , ” from the mistakes that occurred with Iraq ‘s dependence on oil revenues entirely as oil countries. ”
the Commission on oil and energy parliamentary, indicated the presence of rich minerals in Iraq, stressing the need to develop a plan to invest and diversify the economy and lift the financial imports to meet the shortfall in the budget, saying that the sale of gas will fill part of the Iraqi budget deficit. According to committee member Kaveh Mohammad.
Testifies Iraq ‘s financial crisis as a result of lower oil prices, prompting him to move towards austerity and reduced government spending, amid pleas reference religious specialists to activate agriculture, industry and other sectors and investment to contribute to supplement the general budget Balaaradat.anthy 1
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