Abadi: low oil prices and the war on terrorism, Iraq's budget cut by 30%

Abadi: low oil prices and the war on terrorism, Iraq's budget cut by 30%


02/04/2017


The prime minister Haider al-Abadi said, "the decline in oil prices and the war on terrorism, Iraq's budget cut by 30% from the previous position or what is planned.
He said in a speech at a forum of Iraq energy that "Iraq's enormous potential for investment and the government is working to encourage and create new job opportunities and the participation of the private sector."
"The financial budgets and a growing population requires partnerships with the countries of the world and seek to benefit from every barrel of oil and gas for the first time last year, Iraq is exporting gas and electric power production. It needs new plans and Iraq, unfortunately, it fought wars and blockade economically led to a decline in its economy."
He continued, "We have to rely on new plans in cooperation with the countries of the world and forever from the transformation of the manufacturing company with the private sector and create job opportunities for young people and we have to ensure their future through the creation of real jobs by encouraging manufacturing industries in light of population growth and growing, which requires a genuine partnership with the private sector and heading to support it because of its ability to create new conditions for Aatmay on oil alone and that the expansion of government Balinvaqat has been re-hundreds of billions to the absence of a clear plan which need new insights not rely on exploration and production, but rely on manufacturing industries to create a stable economy and Iraq plays d Whatever Laura OPEC became affect oil prices, and in cooperation with our brothers in OPEC and for this there must be between oil and renewable energy balance. "
It can not be "the country's economy depends on a single resource. The building of an Iraqi economy capable of the next phase of the year 2030 later need new plans in light of population growth increasingly and community reconciliation, launched and expressed themselves to fight them against Daesh requires us to live a political and regional reconciliation which are necessary for the development of locally, regionally, and we seek to find a regional reconciliation in the presence of large participants and we can in a short period of time to expand the common space between the peoples of the region, and I call for the creation of a broad market within the regional, community and political reconciliation and cooperation of parliament and put behind us the political differences did not Accept the best after the victory over terrorism Daesh.

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