Saturday, August 11, 2012

Member of Finance Committee: Iraq will face many economic crises in the next stage

 8/11/2012

Baghdad (news) .. likely a member of the Finance Committee MP / National Alliance / Magda al-Tamimi, for many economic crises in the country during the next phase, due to continued volatility in oil prices will affect the public budget and a lot of projects are interspersed.
Said Tamimi (of the Agency news) on Saturday: The oil is now in a dangerous situation and the state at a sensitive stage, because of the effects of the Syrian situation by situation in Iran and its threat to the continued closure of the Strait of Hormuz, as well as the political crisis in Iraq, and all these factors affect the Iraqi currency.

She added that the export and the price of oil had been unwavering during the last stage, and Iraq is not up to now to the volume of production, which was adopted in the budget, calling the policy decision to be conservative side of safety.

She explained: it is not with the expenditure of any imports coming into the state treasury, as there must be balance to the crises facing Iraq could in the future.

And seemed to influence the Syrian situation in Iraq and clearly economically and politically, where a rise of prices of fruits and vegetables, food and various goods deployed in markets where they come from Syria, as well as Iran's threat to the continued closure of the Strait of Hormuz in the event of a military strike, which leads to obtain significant economic losses in Iraq and the countries that benefit from this strait. / Finished / 5. d. Q /