Date: 2012-08-11 09: 38: 44 Saturday
Baghdad (News) …Member of the Finance Committee were weighted on/National Alliance MP/Magda El-Tamimi, many economic crises in the country during the next phase, as a result of the continuing volatility of oil prices will affect the general budget and interspersed with many projects.
She said Al-Tamimi (News Agency news) on Saturday that oil now in a dangerous situation and the transition state is sensitive, because the effects of the Syrian situation and the situation in Iran and the continuing threat to close the Strait of Hormuz, as well as the political crisis in Iraq, and all of these factors affect the Iraqi currency.
She added: the export and oil were undecided during phase, Iraq has not up to now to volume production of the approved budget, provisional policy advocate to be security.
She explained: it’s not with spending any imports come into the State Treasury, there must be a balance to crises that Iraq could face during the next stage.
Webdi Syrian mode effect clear Iraq economically and politically as the rise of prices of fruits and vegetables, foodstuffs and various goods in markets that had come from Syria, in addition to continuing Iran’s threat to close the Strait of Hormuz in the event of a military strike, leading to considerable economic losses in Iraq and countries that benefit from this Strait.
