Five-year plan will create a diversified economy and reduce dependence on oil

| On 2012-11-21 | Author Muhannad David


Righteousness electronic / Baghdad

Committee emphasized the economy and investment parliamentary five-year plan set by the Ministry of Planning will strengthen the national economy and the diversity of its financial income, and will reduce the adoption of future budgets to oil revenues.

In a statement to the committee that "the Ministry of Planning has prepared five-year plan for economic development [2013 - 2017] and in cooperation with relevant ministries and provincial councils under the supervision of the Economic Commission parliamentary, to diversify state revenues financial and reducing reliance on revenue unilateral derived from oil sales."

The statement added that "the plan will stimulate other economic sectors such as tourism, agriculture and industry for the purpose of promotion as well as the activation of tariff and tax measures to diversify the revenue the federal budget in building."

He specialists that "total dependence on oil revenues is a danger to the national economy, because the region and the world they live a state of political tensions and international threats that directly affect oil prices or transferred Kaglaq Strait of Hormuz or the like, we must work to diversify its sources of income National ", pointing out that the diversification of the Iraqi economy will create real competition between sectors to contribute to it.



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