Parliamentary Finance: Iraq possesses 40 enormous economic resources other than oil
Parliamentary Finance: Iraq possesses 40 enormous economic resources other than oil
05-10-2020 01:03 PM
Baghdad / Al-Akhbariya
Today, Monday, the Finance Committee confirmed that Iraq possesses 40 economic resources other than oil, while clarifying that most of these resources do not go to the budget, which caused the financial deficit.
Committee member Jamal Cougar said to “Al-Akhbariya”, that “Iraq has 40 enormous economic resources to cover its financial deficit and even to keep the surplus for future budgets.”
And he stressed “the need not to rely on oil much, especially with global market fluctuations, the Corona pandemic, and the previous government reduced Iraq’s share of sales by 21 percent.”
Cougar pointed out that “some resources in the ministries do not go to the federal budget, but are distributed and spent in violation of the law, which led to billions being lost annually without being included in the financial budgets.”
It is noteworthy that Iraq was one of the most important agricultural exporting countries, especially dates and citrus fruits, as well as that most of its well-produced factories and factories have been closed since 2003.
ikhnews.com
