Call to diversify revenue budget
10/18/2012 12:00 am
BAGHDAD - morning
called economic expert Jalil al-Rubaie, the need to develop an economic plan to diversify revenue financial budget of the state and not to rely entirely on fiscal revenue accruing from oil, warning of the occurrence of economic problems in the region prevent the export of Iraqi oil abroad. Rubaie said: that Iraq possesses elements of great economic it can be exploited through the activation of vital economic sectors Kalzeraih, industrial and even tourist to diversify state revenues financial and non-total reliance on oil imports in the construction budget that oil is a resource variable and affected by any political events are located in the region. pointed out that countries Arabian Gulf is one of the major oil producing countries in the world but did not depend on oil revenues only in the walk affairs in economic but tended towards activating economic sectors other to diversify their sources of income. Rubaie confirmed the need to diversify revenue Iraqi state through the development of an economic plan comprehensive activate all economic sectors and promotion and not to rely on revenue oil rentier unilateral, in order to avoid closing the Strait of Hormuz by Iran or any emergency crisis may occur in the region to prevent Iraq from exporting crude oil to the outside.
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