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Iraq plans to privatize some state-owned companies
2/11/2015
BAGHDAD Terminal pro-Anatolia
Secretary-General of the Iraqi Council of Ministers Hamid Khalaf said that his country plans to privatize some state-owned companies, under the plan adopted by the government to save the economic situation in the country. He acknowledged the Iraqi Council of Representatives late last month for the 2015 budget of the country after reducing expenses by about 4 trillion Iraqi dinars (3.43 billion dollars) to reach 119 trillion Iraqi dinars (102 billion Dofalr) and a deficit of 25 trillion dinars ($ 21.4 billion). According behind during a conference in Baghdad on Wednesday that his government is determined to convert some of the public sector to the private sector companies, as well as interest in the sector agricultural and tourism promotion. He said in the conference, which was attended by a reporter agency Anatolia that one of the priorities of the government program to encourage the private sector, pointing out that the Council of Ministers has a study "to transfer some government industries from the public sector to the private sector."
He pointed behind that the government plans to rehabilitate tourist areas and encourage Agriculture, and the development of the banking business and address the problem of unemployment among young graduates.
The Ministry of Planning, had announced earlier this month for an economic plan standing four years to save the economic situation in the country as a result of lower oil prices and to bring investments to Iraq, noting that the plan will be launched soon.
The situation of falling oil prices Iraq in a financial crisis with the increasing need for liquidity to finance the war against al "Daash" which controls large areas in the north and west of the country.
Iraq relies on oil imports to finance 95% of the budget, and produces about 3 million barrels a day, with expectations to increase production to 4 million barrels per day this year.
It is noteworthy that the Minister of Industry and Minerals Naseer al-Issawi may January / December last second he said that "mismanagement and rampant corruption" in the ministry led to the "collapse", and stressed that the ministry has become "a burden on the Iraqi economy," rather than to be a pillar of the pillars of its economy.
Iraq is facing an economic crisis that forced him to reduce the size of the financial budget as a result of lower oil prices by more than half since the middle of last year, and to begin a policy of austerity, while the Ministry of Finance announced last month that it would increase taxes on some of the services provided.
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2/11/2015
BAGHDAD Terminal pro-Anatolia
Secretary-General of the Iraqi Council of Ministers Hamid Khalaf said that his country plans to privatize some state-owned companies, under the plan adopted by the government to save the economic situation in the country. He acknowledged the Iraqi Council of Representatives late last month for the 2015 budget of the country after reducing expenses by about 4 trillion Iraqi dinars (3.43 billion dollars) to reach 119 trillion Iraqi dinars (102 billion Dofalr) and a deficit of 25 trillion dinars ($ 21.4 billion). According behind during a conference in Baghdad on Wednesday that his government is determined to convert some of the public sector to the private sector companies, as well as interest in the sector agricultural and tourism promotion. He said in the conference, which was attended by a reporter agency Anatolia that one of the priorities of the government program to encourage the private sector, pointing out that the Council of Ministers has a study "to transfer some government industries from the public sector to the private sector."
He pointed behind that the government plans to rehabilitate tourist areas and encourage Agriculture, and the development of the banking business and address the problem of unemployment among young graduates.
The Ministry of Planning, had announced earlier this month for an economic plan standing four years to save the economic situation in the country as a result of lower oil prices and to bring investments to Iraq, noting that the plan will be launched soon.
The situation of falling oil prices Iraq in a financial crisis with the increasing need for liquidity to finance the war against al "Daash" which controls large areas in the north and west of the country.
Iraq relies on oil imports to finance 95% of the budget, and produces about 3 million barrels a day, with expectations to increase production to 4 million barrels per day this year.
It is noteworthy that the Minister of Industry and Minerals Naseer al-Issawi may January / December last second he said that "mismanagement and rampant corruption" in the ministry led to the "collapse", and stressed that the ministry has become "a burden on the Iraqi economy," rather than to be a pillar of the pillars of its economy.
Iraq is facing an economic crisis that forced him to reduce the size of the financial budget as a result of lower oil prices by more than half since the middle of last year, and to begin a policy of austerity, while the Ministry of Finance announced last month that it would increase taxes on some of the services provided.
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