Abadi adviser: financial crisis a lesson for Iraq for the advancement of its economy
Abadi adviser: financial crisis a lesson for Iraq for the advancement of its economy and diversify sources of income
6/30/2015 10:22 a.m.
{Baghdad: Euphrates News} stressed economic adviser to Prime Minister appearance of Mohammed Saleh said Tuesday that the government is seeking to diversify the investment of oil revenues to develop some types of manufacturing, agricultural and service sectors, indicating that the lesson of Iraq’s financial crisis for the advancement of its economy and diversify sources of income, pointing at the time himself to the difficulty of managing the economy and development in light of the war being waged against Iraq Daash.
Saleh said in a statement to the Agency {Euphrates News} that “the country is exposed to fierce war and the enemy behind it a foreign power, a depleted war,” he said. “At the same time we want to build and reconstruction and development and that Almadlitn and combine them is not easy, and the construction and management of the economy hold such circumstances is difficult. ”
He added that “the state has priorities, and the more improved the financial position and improved oil prices and the evolving revenue and these priorities will be to go about whatever generates income as an industry and agriculture.”
He stressed that “the crisis is a lesson for Iraq for the advancement of its economy and diversify sources of income.”
he said “Iraq is heading to the manufacturing, agriculture and services produced and not rely on oil.”
According to economic experts, the country has been affected much due to the drop in oil prices in world markets, the resource that the country was dependent upon depending entirely what a negative impact on all walks of life, and caused disable a lot of things that contribute facilitated.
As a result of progress has been disrupted a lot of projects, especially in the capital, and the other of which tarry because of the lack of liquidity of the public affected by the country’s federal financial budget by the global crisis. M ended
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