Expert: state revenues will be (200) billion dollars over the next two years
Expert: state revenues will be (200) billion dollars over the next two years and must develop a plan for how to invest
Date: 24/11/2012 12:38:59 Saturday
Baghdad (news) .. Expected economic expert Salem Daini, increase state revenues of Finance within the next two years to reach (200) billion dollars as a result of increased Taqtin production and export of oil, calling for a plan of how to invest in projects that serve the country.
said Daini (of the Agency news) on Saturday: There are indications Future shows the evolution of the financial situation in the country through a gradual increase in Taqtin production and export of Iraqi crude oil, especially as the oil ministry has developed a plan to reach oil production to (6) million barrels per day during the year (2017). added: If continued gradual increase in capacity oil production, it will reach production in the year (2015) limits (4.5) million barrels per day, Vsthakq financial revenue almost b (200) billion dollars, twice the budget year (2012), estimated at (100) billion dollars. said: Iraq suffers from a fundamental problem concerning how to employ the money derived from oil sales in projects that serve the country, due to the absence of strategic plans and the horizon for future projects, in addition to financial corruption rampant in all departments and ministries of state. confirmed Daini: the importance of a systematic plan a strategy for how to employ fiscal revenue projects investment serves the people and generate additional funds for the country. / end / 8. n. p /