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Araji calls to search for "new imports" of the state and the Liberals want reforms do not depend on oil
Long-Presse / Baghdad
Counting Deputy Prime Minister Bahaa al-Araji, said on Saturday that the conclusion reached by Iraq of the financial crisis is the result of "erroneous policies" in the financial and economic sides, while stressing the need to search for imports of the Iraqi state and reduce spending, called block free to economic reforms to maximize imports and lack of dependence on oil.
The Deputy Prime Minister said Bahaa al-Araji, in a speech during the economic reform conference held by the political body was of the Sadrist movement in the Rashid Hotel in central Baghdad under the slogan (toward higher efficiency and the distribution of resources and development) in the presence of a number of economists and lawmakers attended the (long-Presse), "The What is reached Iraq from a financial and economic crisis was due to the wrong policies in the financial and economic sides, which has long admonished him, "noting that" experts debate this today and issued recommendations will be part of the Cabinet discussions and will be part of the processors to the current crisis. "
The Deputy Prime Minister, on the need to "search for imports of the Iraqi state and reduce spending," pointing out that "the recommendations of the conference will be part of the solution."
For his part, the political body was Sadrist member Rafi Abd al-Jabbar said that "Iraq needs economic reforms through investment support and expand imports", calling on the government to "initiate economic reforms based on the strategic development and reinforce revenue and not rely on a single source, namely oil."
And Abdul-Jabbar, that "the political body was Sadrists want to find solutions through the establishment of the conference and invite experts and academics to get a larger amount of resources."
In turn showed a member of the committee supervising the Congress MP Magda al-Tamimi, "The decline in oil prices led to a decline in imports of oil, which constitutes 93% of them, calling for" the involvement of the private sector in the process of maximizing the imports. "
The Finance Minister Hoshyar Zebari likely, in, (15 December 2014), to provide the general budget of the Council of Ministers this week, noting that it has developed on the basis of $ 70 per barrel of oil.
The Parliamentary Finance Committee has revealed, in (14 December 2014), about the government's efforts to address the budget deficit because of falling global oil prices through a series of austerity measures that would provide at least $ 13 billion, the Commission predicted that the government resorted to dispose of 50 percent of the Rafidain and Rasheed reserves, as well as borrowing from the balance of the commercial bank and fund minors, as the Commission suggested that includes austerity "luxury expenses sovereign" which said it accounts for 10 percent of the country's budget.
It is noteworthy that the Prime Minister, Haider al-Abadi, revealed in (the twentieth of last October), during a press conference following a meeting with religious Shiite, Ali al-Sistani, in Najaf, and attended, (long-Presse), to discuss the Council of Ministers on the balance three times, and that the Council will prepare a budget in which a military spending as a fait accompli, noting that the budget in 2015, will be based on the 2014 current budget, due to the presence of the same problems, of oil from Kirkuk and stopped completely, as well as lower world prices, and expectations about to fall over, that's the Cabinet decided austerity.
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