Parliamentary Economic calling on the government to postpone the payment of debt and activating investment and agriculture sectors

January 12 2015


Baghdad - Called a member of the parliamentary Economic Committee, Najiba Najib, the government to postpone the payment of debt and activating investment and agriculture sectors.


She said Najib told all of Iraq [where] "We put several solutions to address the financial crisis, including the need to have a monetary policy of the Central Bank to cover the deficit, and secondly on the government to postpone the payment of debts to countries, such as delayed Kuwait war debt."

"We must activate the sectors of agriculture, investment, and start to make economic Corrections through the fight against corruption."

She predicted that the ratification of the budget are the end of this month.

House of Representatives continues to discuss the draft federal budget law for 2015, as confirmed MP Magda Tamimi having accelerated changes in the price of a barrel of oil in the budget, which was based on the $ 60, but the low price of a barrel and not to check the amount of export will affect the budget.

He said a number of deputies on the importance of finding new imports by diversifying sources Kalahtmam agriculture, industry, and not rely on oil imports only.

It is said that the Iraqi economy is suffering a crisis as a result of a failure to approve last year's budget in 2014, and the security conditions taking place in some Iraqi cities, in addition to the drop in oil prices.

The religious authority said on the tongue of its representative Mr. Ahmed net that "the fight against financial and administrative corruption will help to overcome the financial crisis resulting from the drop in oil prices."


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