MP reveals the country’s debts hit $100bn

Iraqi parliamentarian Kazem Al Shamry expressed his resentment over the economic performance of the government, saying that turning to loans will not resolve the current economic crisis witnessed in the country. He stressed that he does not support the recent steps taken by Abadi government to take loans from international bodies, as the debt hit over $ 100 billion.

The Iraqi parliamentarian called the government for supporting the private sector as the only way to increase investments and to expand cooperation between the Iraqi government and the investors. He stressed the need for taking serious steps to ease the measures before the companies aspiring to enter the Iraqi market.

He underlined his astonishment over the role performed by the Iraqi governments, since the rule of former Prime Minister Nuri Al Maleki, for not taking steps to support the foreign investors to work in the country, stressing the ability of the country’s agriculture sector to meet the needs of local market. He demanded the government for supporting the farmers to increase their production during the coming period.

He criticized the approach adopted by the Iraqi government in dealing with the Egyptian farmers, saying that the governmental delayed payment of the famers’ financial dues poses serious threat against their families and it could eliminate the vital sector of the Iraqi economy.

He underlined the importance of Tourist sector in the country, stressing that the country has its archeological sites that could attract a large number of tourists. He accused the government of failure to use such sites to revive one of the major economic sectors that could improve the Iraqi economy during the current critical conditions witnessed in the country on the economic side.

He refused the decision taken by the Iraqi government to reduce the price of air tickets during the religious holidays, saying that it should raise their prices to achieve more revenues. He added that the country needs to find alternative sectors to achieve profits during the coming period in the light of the current drop of oil prices.