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Economic reason to diversify its sources of income in 2016 budget
14/7/2015
Economic expert called on the government to Secretary-haven activate the productive sectors other than oil to take advantage of its revenues when preparing the 2016 budget, and expected lower oil price increase with hopes of lifting economic sanctions on Iran.
The secretary in a press statement on Tuesday that the "weights refer to it with the lifting of economic sanctions on Iran, they will be able to export nearly four million barrels of oil per day, less than six months, which means increasing the supply of crude in the international markets, which will affect the prices. "
He added that "Iran would ask OPEC to increase its share of exports after years of sanctions and its right to recover its role to achieve the advanced economic mutations to address the negative effects inflicted sanctions on its economy, but an increase in exported quantities of Iranian oil will increase the supply in the market, which leads to decline in the price per barrel. "
He continued the secretary that "Iraq will be affected by this process to adopt its budget by 93% on its oil exports and that any reduction in the price of a barrel means no budget requirements spending power in the field of reconstruction and processing war coverage and subsidy displaced along fulfill Iraq's international obligations and pay off the debt that his trust by the armament and reconstruction contracts and investment. "
He noted that "currently worth Iraq ready to look for other financial resources other than oil, especially after the victories achieved by the heroes of the armed forces and the popular crowd on the guerrilla terrorist Daash and that opens the door to full Iraqi soil edit and restore security which is one of the most important economic stability and investment attraction factors" .
The Secretary to "diversify sources of national income need to be applied to ensure counter any decline in oil prices", calling on the government to "support the productive sectors which could achieve financial revenue supply the budget money, such as tourism, industry, agriculture, transport ... for use in the restoration of 2016 budget and to avoid the occurrence of financial crises during the next year due to low oil prices. "
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14/7/2015
Economic expert called on the government to Secretary-haven activate the productive sectors other than oil to take advantage of its revenues when preparing the 2016 budget, and expected lower oil price increase with hopes of lifting economic sanctions on Iran.
The secretary in a press statement on Tuesday that the "weights refer to it with the lifting of economic sanctions on Iran, they will be able to export nearly four million barrels of oil per day, less than six months, which means increasing the supply of crude in the international markets, which will affect the prices. "
He added that "Iran would ask OPEC to increase its share of exports after years of sanctions and its right to recover its role to achieve the advanced economic mutations to address the negative effects inflicted sanctions on its economy, but an increase in exported quantities of Iranian oil will increase the supply in the market, which leads to decline in the price per barrel. "
He continued the secretary that "Iraq will be affected by this process to adopt its budget by 93% on its oil exports and that any reduction in the price of a barrel means no budget requirements spending power in the field of reconstruction and processing war coverage and subsidy displaced along fulfill Iraq's international obligations and pay off the debt that his trust by the armament and reconstruction contracts and investment. "
He noted that "currently worth Iraq ready to look for other financial resources other than oil, especially after the victories achieved by the heroes of the armed forces and the popular crowd on the guerrilla terrorist Daash and that opens the door to full Iraqi soil edit and restore security which is one of the most important economic stability and investment attraction factors" .
The Secretary to "diversify sources of national income need to be applied to ensure counter any decline in oil prices", calling on the government to "support the productive sectors which could achieve financial revenue supply the budget money, such as tourism, industry, agriculture, transport ... for use in the restoration of 2016 budget and to avoid the occurrence of financial crises during the next year due to low oil prices. "
[You must be registered and logged in to see this link.]
