Parliamentary Finance: Financial crisis in Iraq will end within a year
Parliamentary Finance: Financial crisis in Iraq will end within a year
14/12/2014 20:18
Tomorrow Press / Baghdad confirmed the Finance Committee member Ahmed flesh, Sunday, that Iraq’s budget dropped to nearly 50% from last year’s budget, so as to lower the price of oil from $ 150 to $ 50.
He explained his flesh for “tomorrow”, that “this does not mean that Iraq is up to the extent that it went through in times of siege and times of the extinct”, stressing it was “necessary and temporary and will not last more than one year.” He added that “Iraq’s economy and a single source, so any crisis you get to oil resources will reflect negatively on Iraq’s revenues and financial budget, and because oil accounts for 90% of the imports to be reduced operational and capital expenditures to more than 50%, including the operating expenses can not be reduced by a large margin, it will be reduced investment expenditure ratio to more than 90%. ” The MP that “Iraq needs the real deal, through the diversification of income sources.” For his part, between the Oil and Energy Committee member Ahmed meaning Mutlaq, said that “Iraq is passing through a deficit clearly due to the large drop in the price of a barrel of oil, but this does not mean that up the country to a similar blockade stage. ” He pointed Mutlaq in his interview for “tomorrow” that “there are some fears that the fall in oil prices more, and this is what leads to a disaster, but not the size and level two people Atsourhma,” stressing that “this crisis will be overcome soon. ”
alghadpress.com
