Planning: low 70% of Iraq's oil revenues

[ltr]Planning: low 70% of Iraq's oil revenues[/ltr]

 Since 12/15/2016 16:41 pm (Baghdad time)
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[ltr]BAGHDAD - balances News[/ltr]
[ltr]Announced Planning Minister Salman Jumaili, Thursday, lower oil revenues for Iraq to 70%, indicating that Iraq is going through a financial hardship due to the continuing decline.[/ltr]
[ltr]Jumaily said in a speech during his participation in the twenty-ninth session of the ESCWA held in Qatar, which was devoted to discuss the organization's report on sustainable development plan for 2030 in the statement of the ministry received / balances News /, a copy of it, that "terrorism and the occupation of Daesh parts of Iraqi territory form an obstacle for the activity economic as well as spending on war and military operations requirements Astzvt accounted for 30% of the budget allocations. "[/ltr]
[ltr]"The coverage of the war stocks expenses increased poverty rates to about 30%, while the needs of cities ravaged by terrorism to the big money to rebuild and reconstruction in addition to that the current needs of displaced, whose number reached nearly four million displaced people have lost all their belongings and other ways of life."[/ltr]
[ltr]He explained that "Iraq faces another challenge in the demographic side as a result of displacement and migration, especially the migration of young people from the age group 015-29 years and this forces us developmentally challenging because it requires us to provide suitable employment opportunities for these young people who started are concentrated in the big cities or they emigrate to countries Other search of job opportunities as a result of high unemployment to around 20%, which led to the overcrowding of cities and declining level of services and the emergence of environmental problems. "[/ltr]
[ltr]"The sustainable development plan, which a UN approved 2015-2030 years, which called for the mobilization of resources and self-reliance capacity and mobilize domestic resources to finance such a plan are also facing challenges is that many of these resources are directed to the relief work and humanitarian aid for the displaced, according to national priorities." noting that "the same resources to invest in the reconstruction of infrastructure destroyed completely reconstruction operations in most of the sectors that has been vandalized by terrorism."[/ltr]
[ltr]He pointed out that "the continuing drop in oil prices caused a severe financial crisis for Iraq," he said, adding that "the decline in oil prices caused lower Iraq's financial revenues 70%." Ended 29/33 h[/ltr]


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