Friday 0.02 2 December / January 2015
[Baghdad - where]
MP for the Kurdistan Alliance Kawa Muhammad, on Thursday, that the non-oil investments are among the government program, noting that these investments represents the absorption of oil prices, which have impacted heavily on the economic situation in Iraq.
He said Mohammed told all of Iraq [where] that "the total economic dependence on a single port and oil, proven economic policy of the previous government failed," noting that "the current government is seeking to invest in non-oil resources within the program and a long term strategy."
He said Mohammed, said "the current government is trying to revive the various investment sectors, especially the industrial and agricultural sector and the private sector," as well as "to take advantage of the border crossings and tariff Alkmarkiyh."
Iraq has been a severe cash crisis, as a result of lower oil prices in the world, and not to pass the state budget for 2014, which constituted a burden on the incomes of the entire government, which has been invited to the use of fiscal austerity, which affected a lot of the institutions concerned policy.
And called on the Supreme religious authority, in the words of its representative, Sheikh Abdul Mahdi al-Karbalai, during a speech last Friday, to the need to open up investment and revive the Iraqi economy through investment and activate civil and religious tourism, and not rely on Mnfd economic one, that is oil. It's over
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