PM Advisor :An Emergency and structural measures to confront the economic crisis

Economy

26-05-2020, 17:18

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Baghdad - INA

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that urgent structural measures and reforms will be taken to confront the economic crisis.

Salih said to the Iraqi News Agency (INA), today, Tuesday: "The economic crisis is temporary and extends to the end of this year or to the first quarter of next year," noting that "there are emergency measures that the government will take and it is very difficult in addition to a long-term reform process." In dealing with private sector mobilization. "

Salih added, "Without real investments, the country has no ability to advance and to be developed, and that most of the existing investments are in the oil sector in order to achieve a financial increase for Iraq," noting that "the electricity sector spends 14 trillion dinars, while the revenues do not reach One trillion. "