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Fri Sep 13, 2019 11:53 am
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[size=30]Expert warns of a rapid fall of the Iraqi economy[/size]
Special - NRT
The economic expert Bassem Jameel Antoine warned on Saturday of the rapid fall of the Iraqi economy if the government continues to rely on the payment of salaries through the financial revenues for the export of crude oil abroad, stressing that Iraq has a lot of corrupt "Almashrashin" - according to the expression - in the institutions of the state They affect the development projects and influence them and the judiciary accountable.
Antoine told NRT: "The federal government is changing its economic policy from dependence on crude oil revenues exported abroad to multiple revenues by extracting oil and converting it into petrochemical industries to be priced more than the oil that is exported as well as the development of agriculture, industry, On the private sector to end unemployment and youth employment.
He added: If the government relied on the export of oil and access to financial revenues there will be a rapid fall of the Iraqi economy, pointing out that the scientific advancement in the economy needs a long time and economic programs to promote after the fall.
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