Specialists: Building 2014 budget on oil revenues is a disaster unknown to the economy of Iraq

Specialists: Building 2014 budget on oil revenues is a disaster unknown to the economy of Iraq



Ali Salman - 10/23/2013 - 7:19 p |




Furaiji dreams

In light of the adoption of revenue budget on oil exports, warned specialists in economic affairs than relying on oil imports in the construction budget and the consequent risk may be caused at least stop oil exports as a result conditions of internal or regional, especially since the region is witnessing a state of instability calling for the employment of the oil resources in productive projects serve the national economy and the development of economic sectors generating income in the service of the country's economy. member of the Economic Commission MP Salman al-Moussawi confirmed to the newspaper (citizen) .. Dependence on oil revenues constitutes a great danger to the future of the economy as oil prices threatened to decline as that global oil demand seemed waiver markedly in the last period. Moussawi said »Oil Advantage strategy for Iraq but we must take advantage of imports of oil to activate the economic potential of the other, adding, The revenues of oil equivalent to more than 95% of the federal budget is considered is at risk and should do other income and thus maintain the oil resources for the development of economic projects again and confirmed «that reliance on the financial revenues derived from oil sales will introduce the country to economic problems ominous, because it is resources are not fixed and affected by any unforeseen circumstances occur in the region, such as wars and crises, and others., and went on to say «he must think how to employ fiscal revenues that come to the state in productive projects and a great investment, whether agricultural or industrial subtracted from which products commodity in the domestic market and exported the remaining of them to the outside of the to diversify the state's fiscal revenues. On the other hand warned engineer and economist Ali Jabbar Furaiji during a recent newspaper (citizen) .. to build the general budget of the state on oil revenues to pose the risk of unexpected on the economy «. Saying,» said Iraq since 2005 and so far relying entirely on a single supplier is oil, which is the economic return is sound and index incorrectly state's right and I hope the government ». called Furaiji to the need to move to a new stage, leaving the country's dependence on one source to finance the general budget Btnoaaha after sources, whether industrial, commercial or agricultural to diversify its imports of the general budget of the state«. As saw a member of the Finance Committee MP Abdul Hussein al-Yasiri Speaking to the newspaper (citizen) .. that the budget 2014 budget a big hit to 174 trillion and orientation positively to the point of creating jobs of up to 132 thousand employees, including installing 72 of the owners of contracts and 60 thousand new appointments ». Yasiri said that «Iraq's budget approval first on oil and its decline would be a disaster, as happened in the 2008 budget, saying« that dependence on oil means dependence on the unknown as to stop exporting oil or occurrence of wars, international threaten the country's economy ». called Yasiri to the need to build a market economy The construction of the agricultural sector, which is the main food basket for Iraq, and the development of agriculture and activation of concern industry and encourage the private sector.

He went on to say «the government must work to diversify the sources of state revenues and non-dependence on oil, to avoid the risk of the global crisis on the national economy, through the activation of economic sectors such as agriculture, industry and interest sector, petrochemicals and oil refineries, as well as the establishment of an international economic in the area of a triangle FAO where imports will be parallel to the annual oil revenues

From: Citizen newspaper

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