Finance for "Qurtas News": Snnoa our sources and reduce dependence on oil

Admin Sat May 10, 2014 8:06 am

Finance for "Qurtas News": Snnoa our sources and reduce dependence on oil

Saturday 10 May 2014

The survival of this case will make the Iraqi economy totalitarian economy and this in itself threatens the state budget, which in turn threatens the country's economy
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Qurtas News / Baghdad

The Minister of Finance Agency purity of net debt, today, that the government is seeking to diversify its sources of budget that next year 2015 and reduce dependence on oil, as well as to diversify state revenues.

Safi said in an interview for "Ply News", on the sidelines of the meeting of the preparation of the strategy of the state budget in the medium term for the period of 2015-2017, which included a number of representatives of the Ministry of State and specialists economic sphere, "Iraq, and for years, depends on its budget significantly Iraqi oil revenues that made him depends largely on the sale of oil prices, "noting that" the survival of that case will make the Iraqi economy economy holistic and this in itself threatens the state budget, which in turn threatens the country's economy. "

The net that "representatives of the Ministry of State and specialists in the economic sphere, will discuss over three months, the possibility of diversifying revenues and failure to adopt oil is an essential source for the budget, as well as identifying the priorities of the government and their annual ceilings spending the ongoing investment and oil revenues and non-oil."

The Minister of Finance Agency said, "What will result from decisions at the meeting will be submitted to the government, which submitted as a bill to the House next for approval to the Iraqi state budgets for the coming years."

This meeting, according to the provisions of Section VI of the Financial Administration Act of the Iraqi state No. 95 for the year 2004.

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