Iraqi economy continues to decline because of its reliance on oil revenues only

Deputy: Iraqi economy continues to decline because of its reliance on oil revenues only

27-08-2013 06:51 AM

Iraqi economy continues to decline because of its reliance on oil revenues only Baghdad (news) .. A member of the Economic Commission National Alliance MP Hussein المرعبي, that the Iraqi economy is very weak being depends mainly on oil either revenue other is non-existent. said المرعبي (of the Agency news): The oil is not enough to build a strong economy and a solid and should vary income country, expressing regretted that despite the fact that all of Iraq’s provinces possess wealth and bounties of several different, but it’s untapped. said: that he must give a chance to the private sector even manages some sectors such as electricity, gas stations and other, indicating that the private sector is almost non-existent from the financial and administrative corruption reverse year. between: the economic reality in steady decline due to non-application of the law of the customs tariff and Protection Act Almsenhlk because of political differences and lack of competencies able to manage these files and the existence of deficiencies in the file of the economy. This has confirmed the Ministry of Planning in the statements issued earlier that the Iraqi economy experiencing significant growth, especially after the increase in production rates and export of Iraqi crude oil. / End

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