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Warning of the growing dependence on oil revenues
3/14/2015
BAGHDAD
counting economist tilt upward in the dominance of oil revenues combined with the relative ebb and absolute contribution of other economic sectors, particularly the productivity Kqtaat industry, agriculture and services production, caused the rise in the volume and value of imports, which more than $ 25 billion, until it reached, according to some estimates nearly $ 40 billion, especially the importation of goods and services Alasthlakih.ouhdhir Minister of Science and Technology, former Dr. Raed Fahmi during his speech for the "morning" of the growing dependence on oil revenues and export of crude oil, which is now account for about sixty percent of GDP and more than ninety percent Gaza on average than the general budget revenues, adding: "The low increase in budget year 2015 to 83 percent, reflecting the decline in oil prices, not because of the structural changes in the sources of funding" .onnbh Fahmi to the risk of consecration and the intensification of the unilateral nature of the Iraqi economy, pointing out that this structure distribution and consumer economy has become a great trouble with the decline of oil revenues as a result of the sharp drop in oil prices, emphasizing the need for reforms to address and evaluate the current structure of the distorted and imbalances inherent, helpful: "The financing of the general budget, built the current pattern, and the near absence of the domestic product, necessarily entail higher borrowing on both internal and external, and thus increase the burden of debt and shrinking funds available to cover current expenditures, particularly the compensation of employees, not to mention the investment budget. "He pointed out that the movement path of the economy is characterized by tyranny consumer nature of the Iraqi economy, which encouraged the building budgets List the deficit planned due to outweigh guesses the total public expenditure over income, and continued atrophy of the national production of goods and industrial products and Alzeraih.oakd Fahmi importance of the national economy is on the path of development evolution proper, considering the political will provide a necessary condition, but not enough to mobilize the Iraqi economy as well as take operational procedures to put laws package that was legislation for the benefit of the local product protection in place, Kqanona customs tariff and the protection of the local product, let alone embark seriously fulfill the conditions and a better atmosphere for the work of the private sector in the field of reducing administrative red tape throttle and brake investment, anti-hotbeds of corruption credit and facilitate Almusrfa.oakhtaatm Speaking with reference to the new burden incurred by Iraq in the face of terrorism and the repercussions of control "Daash" gangs on tracts of land of two million and displacement caused by, and is accompanied by the provision of the needs of the displaced and internally displaced persons, and directing a large part of the financial allocations for it and caused fatigue and additional burdens on the budget State.
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3/14/2015
BAGHDAD
counting economist tilt upward in the dominance of oil revenues combined with the relative ebb and absolute contribution of other economic sectors, particularly the productivity Kqtaat industry, agriculture and services production, caused the rise in the volume and value of imports, which more than $ 25 billion, until it reached, according to some estimates nearly $ 40 billion, especially the importation of goods and services Alasthlakih.ouhdhir Minister of Science and Technology, former Dr. Raed Fahmi during his speech for the "morning" of the growing dependence on oil revenues and export of crude oil, which is now account for about sixty percent of GDP and more than ninety percent Gaza on average than the general budget revenues, adding: "The low increase in budget year 2015 to 83 percent, reflecting the decline in oil prices, not because of the structural changes in the sources of funding" .onnbh Fahmi to the risk of consecration and the intensification of the unilateral nature of the Iraqi economy, pointing out that this structure distribution and consumer economy has become a great trouble with the decline of oil revenues as a result of the sharp drop in oil prices, emphasizing the need for reforms to address and evaluate the current structure of the distorted and imbalances inherent, helpful: "The financing of the general budget, built the current pattern, and the near absence of the domestic product, necessarily entail higher borrowing on both internal and external, and thus increase the burden of debt and shrinking funds available to cover current expenditures, particularly the compensation of employees, not to mention the investment budget. "He pointed out that the movement path of the economy is characterized by tyranny consumer nature of the Iraqi economy, which encouraged the building budgets List the deficit planned due to outweigh guesses the total public expenditure over income, and continued atrophy of the national production of goods and industrial products and Alzeraih.oakd Fahmi importance of the national economy is on the path of development evolution proper, considering the political will provide a necessary condition, but not enough to mobilize the Iraqi economy as well as take operational procedures to put laws package that was legislation for the benefit of the local product protection in place, Kqanona customs tariff and the protection of the local product, let alone embark seriously fulfill the conditions and a better atmosphere for the work of the private sector in the field of reducing administrative red tape throttle and brake investment, anti-hotbeds of corruption credit and facilitate Almusrfa.oakhtaatm Speaking with reference to the new burden incurred by Iraq in the face of terrorism and the repercussions of control "Daash" gangs on tracts of land of two million and displacement caused by, and is accompanied by the provision of the needs of the displaced and internally displaced persons, and directing a large part of the financial allocations for it and caused fatigue and additional burdens on the budget State.
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