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Expert: There are no features for the development of Iraq's economy
economic Last update 05/28/2022 | 8:56 pm
information / special
Today, Saturday, economist Basil Al-Obaidi ruled out the existence of a successful economic plan to exploit and benefit from the large financial surplus to develop the economic situation in the country, while stressing that
Iraq's economy is increasing by chance and the current situation will not be repeated.
Al-Obaidi said in an interview with "Information", that "the Minister of Finance, through his recent statements, indicated that the financial surplus due to the rise in oil prices may reach the end of this year 90 billion dollars, away from government resorts," noting that
"the mentioned amount, if it is invested correctly, will be There is a historic economic renaissance.”
He added, "The current situation does not indicate any features of great economic development," noting that
"everything related to the economic situation in the country is just economic growth."
The expert explained that "Iraq's economy is increasing by chance, and that
oil prices have risen suddenly, which led to the presence of these large sums of money with the federal government," noting that
"this situation will not be repeated in the next year or during the coming years."
Al-Obaidi continued, "The large financial surplus must all be allocated for investment purposes, such as
industry,
agriculture,
tourism and
irrigation," stressing that
"the current government is restricted as a caretaker government, and the political crisis will lead to the absence of the ability to control large sums." Done/25 SR
Expert: There are no features for the development of Iraq's economy
economic Last update 05/28/2022 | 8:56 pm
information / special
Today, Saturday, economist Basil Al-Obaidi ruled out the existence of a successful economic plan to exploit and benefit from the large financial surplus to develop the economic situation in the country, while stressing that
Iraq's economy is increasing by chance and the current situation will not be repeated.
Al-Obaidi said in an interview with "Information", that "the Minister of Finance, through his recent statements, indicated that the financial surplus due to the rise in oil prices may reach the end of this year 90 billion dollars, away from government resorts," noting that
"the mentioned amount, if it is invested correctly, will be There is a historic economic renaissance.”
He added, "The current situation does not indicate any features of great economic development," noting that
"everything related to the economic situation in the country is just economic growth."
The expert explained that "Iraq's economy is increasing by chance, and that
oil prices have risen suddenly, which led to the presence of these large sums of money with the federal government," noting that
"this situation will not be repeated in the next year or during the coming years."
Al-Obaidi continued, "The large financial surplus must all be allocated for investment purposes, such as
industry,
agriculture,
tourism and
irrigation," stressing that
"the current government is restricted as a caretaker government, and the political crisis will lead to the absence of the ability to control large sums." Done/25 SR
