Home
Keywords: Iraq is facing great financial difficulties after the oil issue
October 9, 2015 0:47
The governor of the Iraqi Central Bank on the Keywords that Iraq is facing great financial difficulties after a sharp drop prices the world's oil.
Keywords and said in an interview that despite the decline in oil prices, but the digital existing indicators for this moment the government does not come to its inability to pay the salaries of state employees.
He said that the financial crisis which passes Iraq must be a great lesson for a review of fiscal policy in the first place, and the nature of government spending, tax policy, pointing out that marred much of the imbalance in the structure and organization, calling for real reforms in the financial and tax system structure, and the structure of the economy in general.
He pointed out that spending in past years did not hurt to expand the productive base of the country, and the development of economic activities in order to achieve Iraq's resources on the one hand and also run unemployment is widely widening the productive base.
He added that the government spending in the previous period wisdom political factors rather than economic factors , noting that discussions about adding allocations and expenditures are always taking place in the framework of political gain.
He said it was natural in all countries of the world that when financial crises resort State to another temporary sources to cover the shortfall in their budgets until survive the crisis, pointing out that Iraq has a chance in The low-resource today may rise in the coming period.
[You must be registered and logged in to see this link.]
--
October 9, 2015 0:47
The governor of the Iraqi Central Bank on the Keywords that Iraq is facing great financial difficulties after a sharp drop prices the world's oil.
Keywords and said in an interview that despite the decline in oil prices, but the digital existing indicators for this moment the government does not come to its inability to pay the salaries of state employees.
He said that the financial crisis which passes Iraq must be a great lesson for a review of fiscal policy in the first place, and the nature of government spending, tax policy, pointing out that marred much of the imbalance in the structure and organization, calling for real reforms in the financial and tax system structure, and the structure of the economy in general.
He pointed out that spending in past years did not hurt to expand the productive base of the country, and the development of economic activities in order to achieve Iraq's resources on the one hand and also run unemployment is widely widening the productive base.
He added that the government spending in the previous period wisdom political factors rather than economic factors , noting that discussions about adding allocations and expenditures are always taking place in the framework of political gain.
He said it was natural in all countries of the world that when financial crises resort State to another temporary sources to cover the shortfall in their budgets until survive the crisis, pointing out that Iraq has a chance in The low-resource today may rise in the coming period.
[You must be registered and logged in to see this link.]
--
