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    Lightbulb Iraqi government approves an economic program to face the crisis


    8-14-2016


    At a time when confirmed for the economic and investment commission in Parliament and the Ministry of Planning Iraq overcome the most dangerous phase of the financial crisis experienced by the sale due to lower crude oil prices in world markets, the government announced a plan adopted all the possibilities facing economic fluctuations.

    Successful measures

    Financial Advisor to the Prime Minister, said the appearance of Mohammed Saleh during a press statement that "the government has adopted a program and a plan of action and a successful court to face all eventualities.

    Promised arrangements conducted by Iraq with the International Monetary Fund recently on a positive lending and embody the international community's support for the country's economy.

    Iraq has faced a financial crisis since Asaralinvt decline in July 2014, which makes up most of its imports, and conducted on the impact of government's deliberate policy to reduce costs and provide the necessary resources and taking international loans to secure war supplies to the terrorist Daash gangs and providing salaries and other needs.

    A better position

    In turn, said a member of the Economic Committee Najiba Najib , "said the government was able to overcome thestifling crisis that existed at the beginning of this year and the situation is now better than before the crisis.

    But it pointed out that so far no Ntakt financial crisis in general Vairadatna still less than our expenses, and for this It will remain a significant shortfall in the budget.

    She explained that the war against Daash is exacerbated by the financial crisis coincide with a drop in oil prices, which we continue to rely on him in the construction of the budget, noting that the current government has taken some steps towards building a strong economy.

    She drew Najib that the 2004 budget was adopted by 95 percent or more only on oil revenues, noting that What we're saying in the budgets for 2015 and 2016 this figure fell slightly to about 90 percent based on oil only and this shows that there is a change, but not at the required level.

    She stressed that the government is taking steps to serve economic interests of the Iraqi economy.

    The Planning Minister Salman Jumaili said last July that "Iraq surpassed stage the most dangerous in the economic crisis , after passing the first half of 2016, and that the confidence of the world is growing Iraqi economy.

    He Jumaili hope that« be the second half of 2016 better, as will Iraq Daash end and the return of displaced persons, Vdilaan a positive indication of rising oil prices.

    In the meantime, go back to the economic and investment commission member of the parliamentary Harith al -Harthy, the benefits of agricultural, industrial and commercial loans and even residential imposed on citizens as simple.

    He said in a press statement: that all the industrial, agricultural, commercial and residential loans were very simple benefits to the citizens , which is the liquidity of the banks.

    He added that his committee confirmed during the last meeting with the industrial, agricultural and commercial banks managers in addition to the bank Rafidain and Rasheed, that fees are very simple to the requirements of theneeds of these banks and the wages and salaries of their employees, therefore, these simple benefits do not affect the loan nor the citizens ».

    It is said that the cabinet approved during its meeting on the 31 of last May, to launch a government loan to thesectors of housing, industry and agriculture form the amount of $ 6.5 trillion dinars in the framework of the axis ofeconomic reform and diversify and move from an economy Rei into a productive economy and the transformation of the economic system of the State of the consumer system to system multi - productive resources.
    Last edited by BatmaninIraq; 08-15-2016 at 02:15 AM.

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