Al-Kadhmi: We are working on supporting the non-oil revenues and form an investment fund.

Saturday 20th June 2020 - 13:37

Al-Kadhmi: We are working on supporting the non-oil revenues and form an investment fund.

Baghdad - INA 

 

 Prime Minister Mustafa Al-Kadhmi confirmed today, Saturday, that the government is working to maximize non-oil revenues and form an investment fund for future generations.

 The media office of the Prime Minister stated in a statement received by the Iraqi News Agency (INA) that "during his visit to the Oil Ministry and his meeting with the advanced staff, Al-Kadhmi said:" The Iraqi oil sector is ancient, and we must work to restore its health, "noting that" it is important that  Oil revenues are turned into development projects, and the government is working to form the investment fund for future generations.

 Al-Kadhmi added that “the total dependency, with 95% of the budget on oil revenues, is evidence of the failure of previous policies, and the government is working to maximize other revenues.”