Investment metals diversify state revenues and reduce dependence on oil
Parliamentary economy: Investment metals diversify state revenues and reduce dependence on oil
05-11-2013 12:39 PM
Baghdad (news) .. noted the committee of economy and investment parliamentary need to invest metals of sulfur and phosphate to diversify state revenues finance and reduce dependence on oil, to avoid the country’s state of economic problems, a potential global. said committee member Rep. Abdul-Abbas Xiaa (of the Agency news): Iraq has a wealth of immense natural non-oil represented phosphates, sulfur, mercury and other metals, which are still مكمنة under the ground without investment. added: it has to be a mechanism to invest these resources that enhance state revenues and its transformation from a revenue-sided to miscellaneous income, as well as reduce dependence on oil, which make the Iraqi economy is weak and fragile in front of the economies of the world, and is affected by any global crisis occur. continued: Although these riches to اتضاهي wealth hydrocarbon in terms of costs and prices, world-renowned for oil, but in any case, can not ignore these metals and survival without investment, It will greatly enhance the power of the Iraqi economy. noted that oil revenues accounted for 93% of the revenues of the federal budget, which some see as a threat to the economy and Aolh shaken in front of economies in the world. / End
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