Chalabi: the next phase need a radical change in the economic policy of the country

The head of the Finance Committee MP Ahmad Chalabi, Thursday, to the necessity of activating the investment side and give the role of the private sector for the advancement of the national economy, while noting that the next phase need a radical change in the economic policy of the country.

Chalabi said for "Sky Press," that "the decline in the general budget growth in Iraq rates and the difficulty of carrying operating expenses and work to rebuild the military system under the difficult security situation, we need to find solutions to the lifting of economic movement solutions through domestic and foreign investment.”

He added that "there are positive steps have been taken now by Iraqi businessmen in their support for the movement Urban in Baghdad and the provinces, in addition to local banks to support the reconstruction and the market at this stage, either future stage, Iraq needs a radical change in economic policy and the development of a new foundation for the advancement of the country's economy to find new financial resources through the support of industry, agriculture and the opening of domestic and foreign investment door. "

Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 per barrel, after it was $ 110.

Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austerity operations, generally in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the salaries of cabinet 50%.

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