Date: 2012-09-26 14: 27: 43 Wednesday
Baghdad (newsletter) …The Department of State investment programmes of the Ministry of planning and development cooperation to conduct multiple tests to assess the expected economic growth rate achieved during the years of the national development plan (2013-2017).
A Ministry statement quoted received (News Agency news) said Wednesday that tests carried out on the basis of the rate of growth in GDP for the period (2009-2011) of the limits (7.2%) Taking into consideration the total financial revenues achieved by the Iraqi economy in the coming years based on projected increases in total oil exports.
He added: the Department has conducted several tests of possible growth rates that can be achieved by the Iraqi economy from growth (8.5%) Down to the limits of growth (10.2%) And the Iraqi economy can be achieved in the coming years, if the current magnitude investment momentum and stabilize world oil prices when its current borders and check increases plotted in exports.
He said that the amounts required for public investment to achieve those rates are expected to be more than $ 300 billion according to estimates calculated tests and is equal to half of the total expected income for the period (2013-2017), note that the private sector in all its forms can contribute up to 50 billion dollars of those forms.