Expect an improvement in the financial resources of the non-oil
Expect an improvement in the financial resources of the non-oil
04/25/2014
The Ministry of Planning said that the financial revenues derived from non-oil sectors will see an increase by 32% by the year 2017 than it is now, as a seven trillion dinars since 2013 and it is hoped to rise to nine trillion dinars in 2017, but this increase will remain in the overall low against an increase in revenues from the oil sectors , said ministry spokesman Abdul Zahra al-Hindawi told Radio Free Iraq that “expectations within the five-year plan developed by the Ministry of Planning indicate that the largest proportion of Oaradt financial derived from oil sectors by 95% of the total revenue at the present time, either revenues Other sectors such as tourism, agriculture and industry, there are efforts under the plan adopted by the ministry in 2011 to check rates better in the coming years. ” However, the member of the Committee on Economy and Investment parliamentary Qusay F confirmed that “all vital economic sectors experiencing a significant decline except the oil sector, which still constitute the only source of revenue “describing the expectations of the Ministry of Planning on the growth sectors of the economy’s non-oil as” inaccurate. ” to the economist said Abdul Rahman al-Mashhadani that “Iraq is unable to achieve rates of advanced growth in agricultural and industrial sectors in the context of low rates of their development, which could reach 3% according to higher estimates for reasons related to the economic situation Almtlki general and security conditions, and financial and administrative corruption. ” The Ministry of Planning has predicted that the total exports of Iraqi crude oil by 2017, six million barrels per day, noting that the proportion of the investment budget then will increase by more than 40% of the the general budget .
iraqhurr.org
