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Parliamentary Finance: An agreement to diversify Iraq's revenues and reduce dependence on oil
Today 15:46
Information / special.
A member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, confirmed, on Wednesday, that there is an agreement to support an ambitious plan to diversify Iraq’s annual revenues.
Al-Karawi said, in an interview with Al-Maalouma, that
"the survival of oil as a main source for Iraq's budget has become a very dangerous matter, with the repeated deterioration in the global energy market and the fluctuation of its prices from time to time, which constitutes great difficulties in paying financial dues." He added,
"The Finance Committee will begin a realistic study during the coming days of the file of diversifying Iraq's revenues, and
there is an agreement to support this step, especially since we have other important sources, whether crossings or others, that can constitute large numbers in the annual budget." He pointed out that
"reducing the share of oil in the budgets of the coming years is a necessity to create high flexibility in the face of fluctuations in the international crude oil selling price market."
Iraq relies to a large extent on the sale of crude oil to secure its annual revenues and pay salaries and other dues. 25 p.m. ended
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Today 15:46
Information / special.
A member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, confirmed, on Wednesday, that there is an agreement to support an ambitious plan to diversify Iraq’s annual revenues.
Al-Karawi said, in an interview with Al-Maalouma, that
"the survival of oil as a main source for Iraq's budget has become a very dangerous matter, with the repeated deterioration in the global energy market and the fluctuation of its prices from time to time, which constitutes great difficulties in paying financial dues." He added,
"The Finance Committee will begin a realistic study during the coming days of the file of diversifying Iraq's revenues, and
there is an agreement to support this step, especially since we have other important sources, whether crossings or others, that can constitute large numbers in the annual budget." He pointed out that
"reducing the share of oil in the budgets of the coming years is a necessity to create high flexibility in the face of fluctuations in the international crude oil selling price market."
Iraq relies to a large extent on the sale of crude oil to secure its annual revenues and pay salaries and other dues. 25 p.m. ended
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