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[size=35][size=35]Oil revenues.. Will they reflect positively on the Iraqi economy?[/size]
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2023-01-12 | 05:00
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Despite the rise in oil revenues, many believe that if these funds are not used to develop the industrial and agricultural sectors, there will be no positive repercussions on the Iraqi economy.
Iraq achieves large revenues from oil sales, which amounted to approximately one hundred and fifteen billion dollars, but the matter that concerns some is where this money goes, stressing the need to invest in developing industrial and agricultural sectors that achieve stability for the country's economy.
This can only be achieved by activating several laws that support the industry, and activating mechanisms to monitor imports resulting from oil revenues to ensure that they are properly exploited.
Economic specialists believe that no matter how high the oil revenues are, this will not reflect positively on the Iraqi economy, due to the latter remaining a rentier, in addition to the weak implementation of economic and financial strategies.
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2023-01-12 | 05:00
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Source:
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213 views
Despite the rise in oil revenues, many believe that if these funds are not used to develop the industrial and agricultural sectors, there will be no positive repercussions on the Iraqi economy.
Iraq achieves large revenues from oil sales, which amounted to approximately one hundred and fifteen billion dollars, but the matter that concerns some is where this money goes, stressing the need to invest in developing industrial and agricultural sectors that achieve stability for the country's economy.
This can only be achieved by activating several laws that support the industry, and activating mechanisms to monitor imports resulting from oil revenues to ensure that they are properly exploited.
Economic specialists believe that no matter how high the oil revenues are, this will not reflect positively on the Iraqi economy, due to the latter remaining a rentier, in addition to the weak implementation of economic and financial strategies.
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