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Kurdish lawmaker: the previous government's reliance on economic port and one proven failure
January 2, 2015
BAGHDAD - ((eighth day))
MP for the Kurdistan Alliance Kawa Muhammad, on Thursday, that the non-oil investments are among the government program, noting that these investments represents the absorption of oil prices, which have impacted heavily on the economic situation in Iraq.
Mohammed said in a statement reported for ((eighth day)) that "the total reliance on economic port and one which is oil, proved the economic policy of the previous government failed," noting that "the current government is seeking to invest in non-oil resources within the program and a long term strategy."
He said Mohammed, said "the current government is trying to revive the various investment sectors, especially the industrial and agricultural sector and the private sector," as well as "to take advantage of the border crossings and tariff Alkmarkiyh."
Iraq has been a severe cash crisis, as a result of lower oil prices in the world, and not to pass the state budget for 2014, which constituted a burden on the incomes of the entire government, which has been invited to the use of fiscal austerity, which affected a lot of the institutions concerned policy. (AA)
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January 2, 2015
BAGHDAD - ((eighth day))
MP for the Kurdistan Alliance Kawa Muhammad, on Thursday, that the non-oil investments are among the government program, noting that these investments represents the absorption of oil prices, which have impacted heavily on the economic situation in Iraq.
Mohammed said in a statement reported for ((eighth day)) that "the total reliance on economic port and one which is oil, proved the economic policy of the previous government failed," noting that "the current government is seeking to invest in non-oil resources within the program and a long term strategy."
He said Mohammed, said "the current government is trying to revive the various investment sectors, especially the industrial and agricultural sector and the private sector," as well as "to take advantage of the border crossings and tariff Alkmarkiyh."
Iraq has been a severe cash crisis, as a result of lower oil prices in the world, and not to pass the state budget for 2014, which constituted a burden on the incomes of the entire government, which has been invited to the use of fiscal austerity, which affected a lot of the institutions concerned policy. (AA)
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