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Warnings of Iraq exposed to economic shocks due to oil prices
01/14/2014
BAGHDAD / JD / .. Warned a member of the Iraqi parliament MP for the coalition of Kurdish blocs Sheriff Soliman, the probability of the occurrence of significant economic shocks in the country in the event of the continuation of the state based on the total oil revenues that fluctuate their prices.
He said Suleiman told / JD /: to stop the productive sectors of the country Kalzeraih and industry have made the Iraqi economy is weak and vulnerable to shocks of the global economic, being dependent and by (95%) on oil sales, which means that he is affected by fluctuations in oil prices in global markets, which gives a negative indicator of the development process Despite the huge financial budget of the country.
He added that the Iraqi government should have to adopt an economic plan strategy monitors have enough money check which sustainable development in various productive sectors, to diversify state revenues and reduce the drain on providing jobs for the unemployed, and the reduction of poverty rates in the country.
According to the estimate of imports in the budget in 2013, the form of oil of which 93%, while the estimated income tax foreign oil companies 0.25.
According to the budget in 2013, obtained by the agency / JD / that 93 percent of Iraq's revenues come from oil, while the remaining ones, it depends from taxes.
The following Iraq's imports figures.
Max tax 0.29
Taxes and other charges 2.19
Fees for services 0.14
Movable bodies and public companies state-owned 2.36
Interest Income 0.04
Income Tax Employees 0.27
Income tax foreign oil companies 0.25
Corporate income tax 0.31
Income tax of individuals 0.15
Tax contained Alkmarki 0.89
Oil revenues 93.11. / End / 8 /
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01/14/2014
BAGHDAD / JD / .. Warned a member of the Iraqi parliament MP for the coalition of Kurdish blocs Sheriff Soliman, the probability of the occurrence of significant economic shocks in the country in the event of the continuation of the state based on the total oil revenues that fluctuate their prices.
He said Suleiman told / JD /: to stop the productive sectors of the country Kalzeraih and industry have made the Iraqi economy is weak and vulnerable to shocks of the global economic, being dependent and by (95%) on oil sales, which means that he is affected by fluctuations in oil prices in global markets, which gives a negative indicator of the development process Despite the huge financial budget of the country.
He added that the Iraqi government should have to adopt an economic plan strategy monitors have enough money check which sustainable development in various productive sectors, to diversify state revenues and reduce the drain on providing jobs for the unemployed, and the reduction of poverty rates in the country.
According to the estimate of imports in the budget in 2013, the form of oil of which 93%, while the estimated income tax foreign oil companies 0.25.
According to the budget in 2013, obtained by the agency / JD / that 93 percent of Iraq's revenues come from oil, while the remaining ones, it depends from taxes.
The following Iraq's imports figures.
Max tax 0.29
Taxes and other charges 2.19
Fees for services 0.14
Movable bodies and public companies state-owned 2.36
Interest Income 0.04
Income Tax Employees 0.27
Income tax foreign oil companies 0.25
Corporate income tax 0.31
Income tax of individuals 0.15
Tax contained Alkmarki 0.89
Oil revenues 93.11. / End / 8 /
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