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Abadi: our budget represents 40% of the previous budgets .. and we must reduce government spending
09/20/2015
BAGHDAD / long-Presse
The head of the Council of Ministers Haider al-Abadi, on Saturday, that Iraq is facing an economic problem as a result of lower oil prices on which the financial budget by 95%, and pointed out that the current budget represents 40% of the budgets of previous years, as called for reducing government spending to meet the economic challenges , he stressed the need to continue the policy of reducing spending even with high oil prices to build a healthy economy.
He said Haider al-Abadi in a speech during the opening of the Conference of the Organization (TEDx) fifth edition under the auspices of Foundation-range of information, culture and the arts, which was held at the Rashid Hotel in central Baghdad, and attended ( long-Presse), said that "Iraq is suffering from an economic problem because of lower oil prices significantly upon which the financial budget of the country by 95%."
Abadi promised that "the Iraqi economy's dependence on oil only flaw in the economic system the consumer the fact that it determines the price of oil." , noting that "the treatment of this disorder require a decision and went and plan and time."
He Abadi, expressed regret "for the adoption of economic plans on the rise in oil prices over the past years and is expected to continue this rise, which has led to an explosion in government spending," noting that "this level of spending can not be met now with the drop in oil prices.
"The al-Abadi, that" the current budget of the country accounted for 40% of the previous year's budget and earlier, "pointing out that" meet the challenges that are in the war against terrorism and the provision of services and employment opportunities and stimulate the economy require trend towards reducing government spending. " He said al-Abadi, that "the government has made great efforts to reduce spending in all government departments and institutions," stressing the need to "continue that approach, even with high oil prices being the right direction to build a state and a healthy economy."
He had opened in Baghdad, on Saturday, the Conference Organization (TEDx) under the auspices of the International Foundation for Media and range of culture and arts, as organizers of the conference will choose a number of posts in order to support and funding.
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09/20/2015
BAGHDAD / long-Presse
The head of the Council of Ministers Haider al-Abadi, on Saturday, that Iraq is facing an economic problem as a result of lower oil prices on which the financial budget by 95%, and pointed out that the current budget represents 40% of the budgets of previous years, as called for reducing government spending to meet the economic challenges , he stressed the need to continue the policy of reducing spending even with high oil prices to build a healthy economy.
He said Haider al-Abadi in a speech during the opening of the Conference of the Organization (TEDx) fifth edition under the auspices of Foundation-range of information, culture and the arts, which was held at the Rashid Hotel in central Baghdad, and attended ( long-Presse), said that "Iraq is suffering from an economic problem because of lower oil prices significantly upon which the financial budget of the country by 95%."
Abadi promised that "the Iraqi economy's dependence on oil only flaw in the economic system the consumer the fact that it determines the price of oil." , noting that "the treatment of this disorder require a decision and went and plan and time."
He Abadi, expressed regret "for the adoption of economic plans on the rise in oil prices over the past years and is expected to continue this rise, which has led to an explosion in government spending," noting that "this level of spending can not be met now with the drop in oil prices.
"The al-Abadi, that" the current budget of the country accounted for 40% of the previous year's budget and earlier, "pointing out that" meet the challenges that are in the war against terrorism and the provision of services and employment opportunities and stimulate the economy require trend towards reducing government spending. " He said al-Abadi, that "the government has made great efforts to reduce spending in all government departments and institutions," stressing the need to "continue that approach, even with high oil prices being the right direction to build a state and a healthy economy."
He had opened in Baghdad, on Saturday, the Conference Organization (TEDx) under the auspices of the International Foundation for Media and range of culture and arts, as organizers of the conference will choose a number of posts in order to support and funding.
[You must be registered and logged in to see this link.]
