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Parliamentary Finance calls on the government to invest surplus budget for development
11:27 - 16/06/2018
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Information / Baghdad ..
The Parliamentary Finance Committee on Saturday called on the government to develop a clear economic strategy to take advantage of surplus funds obtained from the rise in international oil prices, indicating that the cash reserves of the Central Bank of Iraq exceeded 46 billion dollars.
"The government is required to develop a strategic plan for economic development in order to benefit from the surplus of the financial budget after the increase in oil prices," said Finance Committee Rapporteur Ahmad Hama in a statement.
He added that "working to take advantage of the financial surplus avoids the country's economic crisis as happened in 2014-2015 and reduce dependence on the sale of oil."
Hama pointed out that "the reserve of the Central Bank of foreign currency exceeded 46 billion dollars, which allows the government to move economically free during the next phase." Ending / 25 d
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