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Economist: reduction of capital expenditures portends economic disaster on the country
10/20/2015
Baghdad - INA / economist said Mohammed emeritus, said the budget bill did not change much from its predecessor, pointing out that reduced government spending worth 7 trillion Iraqi dinars only.
He said the honorary permission for "official Iraqi News Agency" on Tuesday, "The calculation of sale price of a barrel of oil to $ 45 has not changed and the rate of export to 3.0006 million barrels of oil a day."
He added that the honorary "the change only spending and the lack of clarity operating expenses or investment of the non-arrival of the draft law so far to the House of Representatives."
He stressed that the honorary "to reduce the deficit did not change the reality of the Iraqi economy, but to reduce the proportion of 30 trillion to 23 trillion Iraqi dinars," explaining that "the state is 83 trillion 0.69 including oil revenue and the rest comes through various taxes."
He stressed expert and economic adviser in the economic and investment commission in Parliament, "The Alnaftykber inventory and supply in the oil market, which gives a large blurry image of the oil prices in the coming days."
He said the honorary "The reduction in investment expenditure will adversely affect the economic activity of the country," noting "raising expenses helps economic activity and so far unknown Are reduce capital expenditures or operational", adding "that was one of the investment side will adversely affect the activity economic of the count
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