Deputy: whether the financial crisis will continue or not depends on the rise in oil prices
11:27 - 28/08/2020
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The Parliamentary Finance Committee confirmed that the elimination of the financial crisis that [You must be registered and logged in to see this link.] experiencing depends on high oil prices, and real reforms, pointing to the importance of industry and trade in reviving the economic situation in Iraq and eliminating its crisis.
Committee member Jamal Cougar told "the information" that "whether or not the financial crisis will continue depends on the rise in oil prices during the next year in addition to the health factors related to the Corona virus and its effects."
He added that "improving the financial situation in [You must be registered and logged in to see this link.] , and not relying on oil as a major source of financing, needs to revive industry and trade and the real reform of the economic situation."
He stressed that "next year's budget must be submitted by the government to Parliament next October, in order to be approved by the Presidency of the Republic before the new year." 25 n