A parliamentary committee proposes to merge three ministries to support the economy

Economy
  • 11-05-2021, 19:05
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    Baghdad -INA

    The Parliamentary Economic and Investment Committee proposed today, Tuesday, to merge three ministries and pay attention to the industrial and agricultural sectors, while confirming that operating the factories does not require a political decision.
    Committee member Nada Shaker Jawdat told the Iraqi News Agency (INA): "The closure of important factories is the worst event in Iraq, and it has resulted in the outbreak of demonstrations and protests." From financial support to the general budget. "
    "operating the factories and factories leads to the provision of important materials, reduces the rate of import and waste of hard currency and provides part of economic security," noting that "the import rate in Iraq currently reaches 95%, although all the components of the industry are paper, tissues and foodstuffs." Iron and steel, petrochemicals, electric power, cement and bricks industry are available in terms of land, raw materials, energy sources and human resources.
     "The suspension of factories and factories is the biggest catastrophe in the contemporary history of Iraq, and that Iraq has become affected by the fluctuation of oil prices, and resorts to external borrowing," noting that "the spread of unemployment in the youth sector has led to the spread of drugs, the increase in the divorce rate, the increase in crime and instability Political, security and economic in the country. "