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A parliamentary committee warns of the country's vulnerability to bankruptcy
03/10/2015
BAGHDAD / JD / .. of the Committee on the economy and parliamentary investment warned, from the country's vulnerability to financial bankruptcy as a result of the continuing decline in oil prices and the lack of appropriate to address the economic crisis solutions, noting that those responsible for the economic file are unable to develop effective plans to get out of the current crisis.
A member of the committee MP Harith Al-Harthy told / JD /: "The economic officials in all state institutions, did not come to Alan to appropriate to address the economic crisis experienced by the country solutions, as well as the absence of their plans for a successful supportive of the national economy, and in the event of continued low prices Oil country will be subjected to financial problems and perhaps into bankruptcy. "
He added that "the economic committees of the Council of Ministers and the House of Representatives and even the provincial councils and economic committees in the ministries and the unification of its position and its work, including to support the local economy, through drawing economic plans and planning for projects supporting the public and private sectors, which develops the economic activity of the country."
Iraq has suffered and some countries of a severe economic crisis as a result of the drop in oil prices to unprecedented levels, reaching its price to below $ 40.
Iraq relies 85% on oil revenues in the annual budget and 15% of taxes and other revenues. / End / 8 /
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03/10/2015
BAGHDAD / JD / .. of the Committee on the economy and parliamentary investment warned, from the country's vulnerability to financial bankruptcy as a result of the continuing decline in oil prices and the lack of appropriate to address the economic crisis solutions, noting that those responsible for the economic file are unable to develop effective plans to get out of the current crisis.
A member of the committee MP Harith Al-Harthy told / JD /: "The economic officials in all state institutions, did not come to Alan to appropriate to address the economic crisis experienced by the country solutions, as well as the absence of their plans for a successful supportive of the national economy, and in the event of continued low prices Oil country will be subjected to financial problems and perhaps into bankruptcy. "
He added that "the economic committees of the Council of Ministers and the House of Representatives and even the provincial councils and economic committees in the ministries and the unification of its position and its work, including to support the local economy, through drawing economic plans and planning for projects supporting the public and private sectors, which develops the economic activity of the country."
Iraq has suffered and some countries of a severe economic crisis as a result of the drop in oil prices to unprecedented levels, reaching its price to below $ 40.
Iraq relies 85% on oil revenues in the annual budget and 15% of taxes and other revenues. / End / 8 /
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