Called deputy for the Iraqi List, Wednesday, to develop an economic plan that combines public and private sectors to implement income-producing projects and able to contain labor, calling for Iraqi leaders put the best economic policy rather than rivalry on political issues.
The MP said Hassan Chuird Hamdani said in an interview for “Alsumaria News”, “Iraq’s economy depends on the distribution and not on investment and production, which creates poverty and combat it,” calling “to put an economic plan and clear combine public and private sectors in order to implement productive projects for income and able to contain labor. “
He Hamdani that “the basic problem is that this kind of economy distributive non-productive, particularly that 80% of workers in state institutions lack the productive efficiency”, adding that “it shows that the Iraqi budget is to balance consumer and investment is weak and based of poverty.”
Hamadani confirmed that “the economy needs to be a courageous stand,” and urged Iraqi leaders to “put the best economic policy rather than rivalry on political issues.”
The United States branded the U.S., on May 27, 2012, the Iraqi economy, which depends entirely on oil as “good”, and showed that Iraq could be similar to a model Arab Emirates, confirmed that he has no source of income a key in it.
Iraq relies, which has the fourth largest oil reserves in the world, 95 percent of its annual budget on its oil exports and currently produces about two million and 900 thousand barrels per day, while issued up to two million and 200 thousand barrels per day.