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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Economist criticizes government's neglect of tourism, agriculture and dependence on oil

    Rocky
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    • Post n°1

    Economist criticizes government's neglect of tourism, agriculture and dependence on oil Empty Economist criticizes government's neglect of tourism, agriculture and dependence on oil

    Post by Rocky Today at 5:12 am

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    [size=52]Economist criticizes government's neglect of tourism, agriculture and dependence on oil[/size]
    • Today 12:56




    Information / Baghdad..
    Today, Thursday, economic expert Diaa Mohsen criticized the government's neglect of the tourism and agriculture sectors and its reliance only on oil revenues to finance the budget.
    Mohsen said in an interview with Al-Maalouma Agency that "the political events that the region is going through are one of the reasons affecting oil prices," indicating that "the weakness of the Chinese economy, which is considered the largest oil-consuming economy, is the reason behind the decline in prices." 
    He added that "Iraq still depends on oil revenues, and this is considered a big mistake because any breach or concern in the oil market negatively affects the budget revenues," noting that "the official price of oil in the budget is $70 per barrel, and every dollar below that causes Iraq a loss of one billion dollars in budget revenues."
    He explained that "Iraq committed itself to the agreement with OPEC Plus to reduce oil production by no less than one hundred thousand barrels per day, equivalent to two billion dollars annually."
    He pointed out that "the legislative authorities must seriously consider diversifying revenues and not relying on oil alone, leaving the real economic sectors neglected, such as tourism with more than 31 outlets without investment, as well as the agricultural sector, which is only sufficient to produce wheat." End 25/S
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