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Low economic growth rate in Iraq to 4%
6/7/2015
It revealed the Ministry of Planning, for the low rate of economic growth in Iraq during the first half of this year to 4%, after it was expected to reach about 9%.
He said ministry spokesman Abdul Zahra al-Hindawi that "the ministry has prepared during the 2014 five-year plan for the implementation of development projects was hoped that through which up economic growth rate to about 9%, but the recent events and of an attack terrorist Daash gangs on a number of provinces, making it difficult to implement development projects, as well as lower sale of crude oil prices worldwide.
Hindawi said that "these circumstances led to the economic downturn in Iraq and the budget deficit led to a lack of inclusion of any new project during the current year budget, and maintain the continuous previous projects," noting that "this project is divided into two parts, the first in the amount ratios accomplished over the 50% will continue to work out, either those that completion rates of less than 50% will be stopped until the availability of financial liquidity. "
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6/7/2015
It revealed the Ministry of Planning, for the low rate of economic growth in Iraq during the first half of this year to 4%, after it was expected to reach about 9%.
He said ministry spokesman Abdul Zahra al-Hindawi that "the ministry has prepared during the 2014 five-year plan for the implementation of development projects was hoped that through which up economic growth rate to about 9%, but the recent events and of an attack terrorist Daash gangs on a number of provinces, making it difficult to implement development projects, as well as lower sale of crude oil prices worldwide.
Hindawi said that "these circumstances led to the economic downturn in Iraq and the budget deficit led to a lack of inclusion of any new project during the current year budget, and maintain the continuous previous projects," noting that "this project is divided into two parts, the first in the amount ratios accomplished over the 50% will continue to work out, either those that completion rates of less than 50% will be stopped until the availability of financial liquidity. "
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