Economist: Index growth of the national economy continuing decline

by **Rocky** Wed 21 Aug 2013, 4:09 am

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Economist: Index growth of the national economy continuing decline

by Rocky Wed 21 Aug 2013, 4:09 am

Economist: Index growth of the national economy continuing decline

21-08-2013 10:30 AM

Baghdad (news) .. Warned economic analyst Ibrahim al-Mashhadani, the continued decline of the rate of growth of the national economy because of its reliance on oil as a major source of state revenue financial, indicating that the data of the Ministry of Planning regarding the economy is misleading and untrue. Mashhadani said (of the Agency news): The data issued by the Ministry of Planning on the growth of the national economy, all of which are misleading and untrue because they rely on the rates of production and export of oil upon which the budget by (95%), forgetting other sectors Kalzeraih, industrial and tourism, services and others. said: that the standards of the global economic rely on vital sectors and then the sectors of oil and energy, Because oil is a sector ريعيا affected by certain conditions, which makes its revenue is fixed. pointed to: the growth index of the Iraqi economy down continuously due to lack of productive sectors similar to the oil sector, warning of the danger to continue relying on oil revenue because it will affect the revenue of the general budget. This The Planning Ministry confirmed in data released earlier that the Iraqi economy is booming, especially after the increased rates of production and export of Iraqi crude oil. / End / 8.'s. m /

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