Iraq looking to maximize its resources away from oil

The news agency Twilight News reported that the Finance Minister Hoshyar Zebari, revealed discuss his ministry to some of the measures aimed at maximizing the financial resources of the state in the near future and in accordance with the necessary legislation,

which Parliament would be endorsed by this Algred.oukal Zebari said that "the ministry is waiting for the House of Representatives legislation laws and regulations to maximize financial resources in the country and find other economic resources will complement the general budget is oil,

which is a source approved by the president fully in the preparation of the state budget over the past ten years.

" He added, according to the same source said that "the competent Ministerial Committee on Finance and Economic Affairs discussed the fiscal policy in the country and provided insights into the Council of Ministers on this issue, where he was reviewing a number of ideas and practical suggestions to overcome the current crisis,

"the government's measures came against the backdrop of the significant decline that hit returns financial state, as a result of reduced remarkably in world oil prices, as well as on the local production volume of crude material due to emergency security conditions.

He said Zebari, said the ministerial committee mentioned a meeting in which he stressed the need to "reduce non-core expenditures in ministries and state bodies and pressure on spending allocations as much as possible to avoid the aggravation of the financial crisis and low liquidity,

" he said, adding that the meeting discussed a number of the options available to the government to finance the deficit of the sources available during the remaining period of the current fiscal year.


Iraq looking to maximize its resources away from oil

November 2, 2014 11:47



The news agency Twilight News reported that the Finance Minister Hoshyar Zebari, revealed discuss his ministry to some of the measures aimed at maximizing the financial resources of the state in the near future and in accordance with the necessary legislation,

which Parliament would be endorsed by this Algred.oukal Zebari said that "the ministry is waiting for the House of Representatives legislation laws and regulations to maximize financial resources in the country and find other economic resources will complement the general budget is oil,

which is a source approved by the president fully in the preparation of the state budget over the past ten years.

" He added, according to the same source said that "the competent Ministerial Committee on Finance and Economic Affairs discussed the fiscal policy in the country and provided insights into the Council of Ministers on this issue, where he was reviewing a number of ideas and practical suggestions to overcome the current crisis,

"the government's measures came against the backdrop of the significant decline that hit returns financial state, as a result of reduced remarkably in world oil prices, as well as on the local production volume of crude material due to emergency security conditions.

He said Zebari, said the ministerial committee mentioned a meeting in which he stressed the need to "reduce non-core expenditures in ministries and state bodies and pressure on spending allocations as much as possible to avoid the aggravation of the financial crisis and low liquidity,



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