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Experts: reliance on oil revenues in the federal budget will introduce the country's considerable economic problems
19-10-2013 10:27
AM Baghdad (newsletter). Warned Economist Ismail Radi, dependence on oil revenues in the federal budget to avoid a potential economic problems of the country, calling for recruitment of petroleum resources in productive projects that serve the national economy and its development.He said content (News Agency): dependence on revenue from oil sales in the country functioning State will display of ominous economic problems, because it is non-static and resources affected by any unforeseen circumstances occur in the region as wars and crises.We must think of how to employ the financial income that comes in large investment projects, whether agricultural or industrial commodity products which arise in domestic and export markets remaining abroad for the diversification of the State financial revenue.The national economy is based entirely on oil and more (95%) After the cessation of productive economic sectors such as the agricultural, industrial and tourism due to the war and the embargo of Iraq since the 1990s. /End/
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19-10-2013 10:27
AM Baghdad (newsletter). Warned Economist Ismail Radi, dependence on oil revenues in the federal budget to avoid a potential economic problems of the country, calling for recruitment of petroleum resources in productive projects that serve the national economy and its development.He said content (News Agency): dependence on revenue from oil sales in the country functioning State will display of ominous economic problems, because it is non-static and resources affected by any unforeseen circumstances occur in the region as wars and crises.We must think of how to employ the financial income that comes in large investment projects, whether agricultural or industrial commodity products which arise in domestic and export markets remaining abroad for the diversification of the State financial revenue.The national economy is based entirely on oil and more (95%) After the cessation of productive economic sectors such as the agricultural, industrial and tourism due to the war and the embargo of Iraq since the 1990s. /End/
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