Iraq will face a financial deficit in the coming years will

[Stillw8n]

Iraq will face a financial deficit in the coming years will not be in isolation from the global economic crisis

Radicalized the MP for the Iraqi List Coalition Nahida Daini that there are severe economic crisis will affect the world in the next three years will not be Iraq, apart from this crisis. “

She told all of Iraq [where] the day that most of the countries of the world will see a financial deficit in their budgets speculative for the coming years of 2012 -2015], including Iraq. “

She said an MP for the Iraqi List, said Iraq’s budget for fiscal year 2012 will see a financial deficit and clear because of the reliance on a financial resource and one which is oil. “
Daini and attributed the cause of Iraq’s continued reliance on one source of funds to finance its budget to the overlap of the financial powers and spread of financial and administrative corruption. “

The severe economic crisis had hit the world economy three years ago on the back of subprime mortgage crisis in U.S. banks, which caused significant financial losses due to the recession experienced by global markets. “

And growing fears of a repeat of a scene the economic crisis in 2008 due to the failure of economic policies in most European countries at the present time and thus potentially reduced demand for energy sources and low oil prices to record levels with them unable to provide the necessary funds to cover the overhead.

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