This is one of the Best articles have read in a long time!...Economist: Iraq has the potential alternatives and to cross the crisis
Page 1 of 1
This is one of the Best articles have read in a long time!...Economist: Iraq has the potential alternatives and to cross the crisis
Admin Wed Aug 26, 2015 6:59 am
8/26/2015 0:00
BAGHDAD - Shaima Rashid
Despite the austerity policy followed by the government to avoid the financial crisis faced by the country, but the economic Parliamentary Committee has not prevented from expressing fear of the situation because of the sharp decline in oil prices, which recently fell to less than $ 40 per barrel, while reducing economic expert of He is stressing that Iraq is still in control of the economy from collapse.
Brent crude closed last Saturday (August 22, 2015) on the lower of $ 1.16 or 2.5 percent to $ 45.46 a barrel, while US crude fell through transactions to $ 45.07 for approaching the landing for $ 45 for the first time since March 2009.
Economic Commission called on the government to find a quick and radical solutions to avoid the decline in oil prices and to avoid their influence in the development of the country, which in turn is witnessing demonstrations calling for reform and the development of exceptional security.
By Nora Albjara Economic Commission described the subject of falling oil prices as dangerous too, especially that Iraq's budget was built on the basis of $ 56 a barrel.
She Albjara in a statement »Sabah»: The price of oil has reached less than $ 40 per barrel and up according to international experts to $ 25, which is a big difference and lead to a clear reduction in imports of the country, especially that there is a daily loss estimated at $ 450 million.
She added: on the government to find a quick and radical solutions quick and plans or the formation of a crisis committee to avoid the collapse of the country's economy, warning of the presence of fear that the government is unable to pay the salaries of staff, indicating that there are alternatives, including domestic borrowing, not the outside, which cost the state a lot of debt, try to move on Central Bank to eliminate the corruption that exists within it in line with the reform plans of the government.
She called Albjara government to carry out reforms, wider by increasing austerity and the reduction of officials and expenses of salaries and activation of the tax and customs tariff system to include all ports, also called on the relevant ministries to move and coordination with the Organization of Petroleum Exporting Countries members to work to avoid falling oil prices.
Finance Committee of the House of Representatives earlier warned of the consequences of the collapse of the national economy as a result of the possibility of declining world oil prices, indicating that Iraq's sales of oil amounted to six hundred and twenty-four billion dollars during the period of two thousand and three and even two thousand and fifteen Alhala.bdorh year, reduced economic expert and former MP Abdul Abbas estrus of damage to the Iraqi economy in light of the decline in oil prices, saying in a statement »Sabah»: The economies rentier be fragile and vibrating with the first emergency change which is what is happening in Iraq in spite of stockpiling strategic oil which nearly 150 billion barrel but it has other alternatives to make the economy strong.
He said: It was not supposed to rely on the State only when oil prices were high, but it was in the construction industry, tourism, agriculture, pointing to the existence of steps currently being implemented towards the activation of these sectors.
He ruled out the estrus a collapse in the Iraqi economy with the collapse of oil prices, because it has alternatives and ways other being able to survive the crisis, noting the existence of the case of waste and slouch in state institutions, but he also said, but reforms issued by the government, which intends to be issued will contribute a lot to reduce state spending, and continued: Even in the event of rising prices should move in the direction of reforms and reduce waste and maintenance of public money.
He estrus that Iraq has more than $ 60 billion as a cash reserve and tons of gold that have not driven despite the crisis and maintained the exchange rate, stressing that Iraq is in front of one option is no alternative to him is to resort to the private sector and investment and to alternative revenue.
http://www.alsabaah.iq/ArticleShow.aspx?ID=98746
BAGHDAD - Shaima Rashid
Despite the austerity policy followed by the government to avoid the financial crisis faced by the country, but the economic Parliamentary Committee has not prevented from expressing fear of the situation because of the sharp decline in oil prices, which recently fell to less than $ 40 per barrel, while reducing economic expert of He is stressing that Iraq is still in control of the economy from collapse.
Brent crude closed last Saturday (August 22, 2015) on the lower of $ 1.16 or 2.5 percent to $ 45.46 a barrel, while US crude fell through transactions to $ 45.07 for approaching the landing for $ 45 for the first time since March 2009.
Economic Commission called on the government to find a quick and radical solutions to avoid the decline in oil prices and to avoid their influence in the development of the country, which in turn is witnessing demonstrations calling for reform and the development of exceptional security.
By Nora Albjara Economic Commission described the subject of falling oil prices as dangerous too, especially that Iraq's budget was built on the basis of $ 56 a barrel.
She Albjara in a statement »Sabah»: The price of oil has reached less than $ 40 per barrel and up according to international experts to $ 25, which is a big difference and lead to a clear reduction in imports of the country, especially that there is a daily loss estimated at $ 450 million.
She added: on the government to find a quick and radical solutions quick and plans or the formation of a crisis committee to avoid the collapse of the country's economy, warning of the presence of fear that the government is unable to pay the salaries of staff, indicating that there are alternatives, including domestic borrowing, not the outside, which cost the state a lot of debt, try to move on Central Bank to eliminate the corruption that exists within it in line with the reform plans of the government.
She called Albjara government to carry out reforms, wider by increasing austerity and the reduction of officials and expenses of salaries and activation of the tax and customs tariff system to include all ports, also called on the relevant ministries to move and coordination with the Organization of Petroleum Exporting Countries members to work to avoid falling oil prices.
Finance Committee of the House of Representatives earlier warned of the consequences of the collapse of the national economy as a result of the possibility of declining world oil prices, indicating that Iraq's sales of oil amounted to six hundred and twenty-four billion dollars during the period of two thousand and three and even two thousand and fifteen Alhala.bdorh year, reduced economic expert and former MP Abdul Abbas estrus of damage to the Iraqi economy in light of the decline in oil prices, saying in a statement »Sabah»: The economies rentier be fragile and vibrating with the first emergency change which is what is happening in Iraq in spite of stockpiling strategic oil which nearly 150 billion barrel but it has other alternatives to make the economy strong.
He said: It was not supposed to rely on the State only when oil prices were high, but it was in the construction industry, tourism, agriculture, pointing to the existence of steps currently being implemented towards the activation of these sectors.
He ruled out the estrus a collapse in the Iraqi economy with the collapse of oil prices, because it has alternatives and ways other being able to survive the crisis, noting the existence of the case of waste and slouch in state institutions, but he also said, but reforms issued by the government, which intends to be issued will contribute a lot to reduce state spending, and continued: Even in the event of rising prices should move in the direction of reforms and reduce waste and maintenance of public money.
He estrus that Iraq has more than $ 60 billion as a cash reserve and tons of gold that have not driven despite the crisis and maintained the exchange rate, stressing that Iraq is in front of one option is no alternative to him is to resort to the private sector and investment and to alternative revenue.
http://www.alsabaah.iq/ArticleShow.aspx?ID=98746
Admin- Admin
- Posts : 29357
Join date : 2012-04-30
Location : Arizona -
Similar topics» A military solution in Iraq will take a long time
» Economist: Abadi discovered the biggest theft in the history of Iraq occurred a time-Maliki
» Talabani: Iraq will cross the problems through dialogue
» Could all the articles be a smoke screen? You All need to READ this Article!!!!!
» *********** this is important you may want to read the 2 articles talking about the Tariff law and the WTO
» Economist: Abadi discovered the biggest theft in the history of Iraq occurred a time-Maliki
» Talabani: Iraq will cross the problems through dialogue
» Could all the articles be a smoke screen? You All need to READ this Article!!!!!
» *********** this is important you may want to read the 2 articles talking about the Tariff law and the WTO
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|