Keywords «acknowledge» difficult economic and financial situation in Iraq

8/23/2015 0:00

BAGHDAD - Omar Abdel-Latif

Approved the Central Bank of Iraq with difficulty financial situation in Iraq, saying that the big challenge that will continue for the future comes from the volatility quotient in oil resources, which endorsed by the Finance Committee in the House of Representatives, when confirmed «the central bank fears» attributed it to poor planning and neglect budget 2014, which led to the deterioration of the economic situation in Albuld.mhafez Central Bank Ali Mohsen Keywords said in a statement singled out by «morning»: there are difficulties in the financial situation, We hope that the current crisis will be a catalyst for real reforms in the structure of expenditures and revenues of the state and an opportunity to review everything. He added Keywords, that the phenomenon of volatility in oil resources will continue to exist and will not end in one day, a big challenge in the future, explaining the need to accept Iraq to rebuild the expenditure and revenue in the form which takes into account such things, confirming the presence of a large area to repair these aspects .obescon central bank's success in stabilizing the dollar exchange rates, and expectations in this matter during the next phase, hinted Keywords that monetary policy does not establish in advance a prediction for these things, as the Iraq and all countries of the world undergoing significant variables, scalable at any moment, indicating that the those fluctuations and variables can affect the economy Alaraca.omah Keywords that job and the task of the central bank in general, is to maintain the stability of exchange rates in the market Mahlah.mn its part, the Finance Committee in the House of Representatives supported the view of the relationships, when approved by »the difficult situation Financial Iraq »attributed it to poor planning and neglect member of the Committee budget 2014.oukalt pros Hamadoun, in the statement summarized by the« morning »: The financial situation of the country is very difficult, and this goes back to the lack of planning in the exchange mechanism for the operational budget, salaries and economic development.

It showed that the budget 2015 approved 125 trillion dinars depending on that the price of a barrel of oil to $ 56, while we see that the amount currently is much lower than Zlk.oardjat Hamadoun economic decline suffered by Iraq, to ​​poor planning and neglect 2014 budget and left the perpetrators of wasting public money without accountability, asserting that Iraq's economy «Rei» is based on a single source of oil for the construction of its annual budget, calling for the need to find other sources such as industry, agriculture, and to keep the oil as an adjunct.


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