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Increased production and oil prices push Iraq's economy towards safety
9/10/2016 0:00
[rtl]BAGHDAD / Farah pumice
saw the parliamentary Economic Committee that the increase in oil production and higher prices in the oil market will drive the implementation of projects forward and putting Iraq 's economy within the distant green zone of risk.
Committee Chairman Jawad al - Bolani said "morning": " The increase Iraq 's oil production to rise progressive oil will contribute to support the economy. "
he added that" this move will also contribute to the payment of the stalled projects forward ", calling for" speed up the reform of the economic system and prioritize work inharmony with the situation
existing. "
the Prime Minister , Dr. Haider al - Abadi has revealed month past a new plan for theadvancement of the national economy.
the heading of the Ministry of Finance to prepare and document annual financial policy based on what the text of the financial management Act , which he read the first reading in the House of Representatives last week.
according to a copy of the law obtained by the "morning", the document will include goals the rules - based fiscal policy in the preparation of the general budget of the federal law, as well as an updated macroeconomic forecasts and fiscal indicators president and assumptions , which covers the budget year within the medium - term plan for three years or more with respect to estimates of oil prices, production and financing resources. "
in this regard, he said the financial expert Thamer al - Azzawi , the "morning": " thepreparation of a financial document outlining the priorities of the government 's work is apositive step in favor of economic reforms."
He noted that " the development of financial indicators for the coming years would make Iraq 's economy more sedate and wisdom," and urged to "speed up the Thus , theadoption of the document in order to apply the public
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