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Economic parliamentary: Foreign loans would hurt the country's economy
4/25/15
Tomorrow Press / Baghdad: Economic Commission representative, confirmed Saturday that borrowing from international banks to deal with the financial crisis in the country is harmful to the national economy, calling on the government to address the crisis by relying on investment.
A member of the Economic Committee, beautiful Obeidi for "tomorrow Press" that "borrowing from international banks is harmful to the economy, but the need for provisions, especially in light of the economic conditions of the country's deteriorating security situation, which took a lot of the country's budget," indicating "the presence of borrowing The former indoor and outdoor more desirable because the external benefits and imposes significant benefits may affect the country's economy will be. "
She added that, "the former economic thinking significantly affected the current economic plans, because the previous budgets placed political quotas", calling for "the current government to move toward investment to save the current economic situation and activate the industry."
She pointed out that "Iraq has the land and the land can invest in vertical construction, especially that there is a housing crisis in the country."
It is noteworthy that the country is facing major economic crisis as a result of falling oil prices, and the lack of successful economic plans can save other productive sectors, with five-year plans that have been developed by the Ministry of Planning and because of the weakness of the diagnosis and the spread of financial and administrative corruption failed.
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