A MEMBER OF THE ECONOMIC COMMISSION: IRAQ’S DEPENDENCE ON OIL REVENUES, JUST BEHIND THE HIGH RATE OF INFLATION
Baghdad (news) … A member of the Committee on Economy and Investment MP / National Alliance / Hussain Mura’bi, that the economic situation is stable in the country led to the high rate of inflation. said Mura’bi (of the Agency news): One of the main factors that led to the high inflation rate in Iraq is relying on revenue oil only in the budget either the agricultural sector, tourism and industrial is almost non-existent, as well as the deteriorating security situation and the internal and external political.
added: that the important sectors are driven by spin money in Iraq and contribute to reducing inflation rates through the creation of a mechanism for coordination between fiscal and monetary policy, noting These sectors need a number of processors and the foundations for a rebuilt. Between: Rising inflation index in Iraq is not a phenomenon of strange and new as soon Mataatather rise and descent of the value of the dollar, indicating that the economy needs to revitalize the banking sector and the opening of banks worldwide to maintain the stability of theinflation rate. witness The annual inflation rate in Iraq rose slightly due to increased food prices and real estate in the country.