Consultant Abadi: We set great hedges any surprises oil prices and the priority of the security and salaries [audio]

Friday 0.06 March / March 2015 14:44



[Baghdad-where]

Revealed the appearance of Mohammed Saleh economic adviser to Prime Minister Haider al-Abadi for developing large hedges of the state in the event of what he described as "surprises or fluctuations" in global oil prices, which depend on Iraq dramatically in national income.

Said Saleh told all of Iraq [where] "We are working the first two-way hedge oil volatility by reducing unnecessary expenses and provide the necessary and basic ones to defend Iraq and the fight against terrorism Aldaasha expenses, in addition to securing the living requirements of life for citizens in Iraq from the ration card and the salaries of the staff." .

He added, "as that of Olwightna important strategic projects and the ruling that her prejudice in people's lives and the priorities that we set as a hedge against fluctuations in oil prices," he "plans and large hedges and the state took wary of any economic surprises."

Saleh pointed out that "what happened in a significant drop in oil prices was the collapse of a devastating and a great harm to Iraq's financial resources make it in financial distress after reaching prices to the bottom of the landing, but the day began to rise and the price of a barrel about 60 or $ 61 of Brent crude, which Iraq is a measure in its oil sales. "

And the Economic Adviser to the Prime Minister, "our expectations that oil prices will improve slowly and gradually improved and all in the interest of the general budget for Iraq, which relies 85% on oil revenues, as it was designed."

Iraq is witnessing economic distress, in light of the decline in oil prices, which reflected negatively on the federal budget for 2015 and led to the deficit by 25%, as called for economists to the need to stimulate the private sector and activating investment and the adoption of local products to increase imports and reduce spending.

The Finance Minister, Hoshyar Zebari, hinted about "signs to cross the financial crisis in the country through the procedures established for that," while Prime Minister stressed Haider al-Abadi, through hosted in the House of Representatives last Monday "to control the economic and financial situation, which would be good in the coming months ".


http://www.alliraqnews.com/2014-06-14-07-34-14/170089-2015-03-06-11-31-01.html