The spokesman for the Ministry of Planning and Development Cooperation Abdul-Zahra al-Hindawi, on Monday, the high volume of debt in exchange for the decline in world oil prices, and the continuation of the war on the organization of a supporter of the terrorist.
Al-Hindawi said in an interview with the newspaper "Economy News" that Iraq suffers from several political and economic difficulties and security, as a result of its war against terrorism, in addition to the decline in oil prices, which led to imbalances and deficit record in the public budget, pointing out that Iraq relies heavily on the financial revenues, On the export of crude oil by 97 percent, while currently working to activate the industrial, agricultural and commercial to provide additional revenue.
He added that Iraq is ranked ninth among the countries of the world rich in natural gas, after Russia, Iran, Qatar, Saudi Arabia, the United States, America, Nigeria and Venezuela, with proven reserves of 143 trillion cubic feet of natural gas, while the total gas reserves accompanying 98.3 trillion cubic feet.
He pointed out that the war on the organization of the preacher of the terrorist drain 40 percent of Iraq's annual budget, while the indirect costs, the highest is the contracts for the processing of troops and reconstruction of the infrastructure of the cities of Anbar, Salahuddin, Diyala, Nineveh, and parts of the provinces of Kirkuk and Baghdad, the war".
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Al-Hindawi said in an interview with the newspaper "Economy News" that Iraq suffers from several political and economic difficulties and security, as a result of its war against terrorism, in addition to the decline in oil prices, which led to imbalances and deficit record in the public budget, pointing out that Iraq relies heavily on the financial revenues, On the export of crude oil by 97 percent, while currently working to activate the industrial, agricultural and commercial to provide additional revenue.
He added that Iraq is ranked ninth among the countries of the world rich in natural gas, after Russia, Iran, Qatar, Saudi Arabia, the United States, America, Nigeria and Venezuela, with proven reserves of 143 trillion cubic feet of natural gas, while the total gas reserves accompanying 98.3 trillion cubic feet.
He pointed out that the war on the organization of the preacher of the terrorist drain 40 percent of Iraq's annual budget, while the indirect costs, the highest is the contracts for the processing of troops and reconstruction of the infrastructure of the cities of Anbar, Salahuddin, Diyala, Nineveh, and parts of the provinces of Kirkuk and Baghdad, the war".
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