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Minister of Finance during his participation in the economic forum in Berlin: Iraq needs to diversify sources of income

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Minister of Finance during his participation in the economic forum in Berlin: Iraq needs to diversify sources of income

By Ziad al-Haidari one hour ago
Deputy Prime Minister for Economic Affairs and Minister of Finance Fouad Hussein
Ruudau - Erbil


The Deputy Prime Minister for Economic Affairs and Finance Minister Fouad Hussein said Monday that Iraq
needs to diversify sources of income and
focus on supporting the private sector in the country.

"Iraq needs to diversify the sources of income by bypassing the oil economy to the diversification economy,
reorganizing the tax and customs system and
regulating the banking sector to play a role in
investment and strengthening the private sector
," Hussein, who is accompanied by Industry Minister Saleh al-Jubouri, said in a speech during the forum's opening..

"The focus should be on
establishing and building government departments and
moving from a paper-based government system to an e-government system,
supporting and encouraging the private sector and
applying decentralized systems," he said.

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