Mahdi al-Alaq confirms the government’s move to economic reform to compensate for the decline in oil revenues

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The Secretary-General of the Council of Ministers Mahdi Al-Alak, on Thursday, the government’s move towards economic reform to achieve comprehensive development and the gradual transition to the private sector, pointing to strive to compensate for the decline in oil revenues.
“The participation of the Baghdad Economic Forum comes in support of the government to the private sector,” Al-Alak said during his participation in a workshop for the Baghdad Economic Forum, according to a statement by his media office. “The government was keen to involve the private sector in all economic committees.”
“The government is moving toward economic reform to achieve comprehensive development and a gradual transition to the private sector, and Iraq, having overcome the economic risks coinciding with the war on a daunting, He is going to proceed with the economic reforms he started. ”
He pointed out that “Iraq suffers from many economic problems, for the total dependence on oil revenues, which fell by about 70%.”
He stressed that “the government has been reforming through the issuance of a number of decisions to compensate for the decline in oil revenues and the disposal of some of the problems that affected the economy of the country, and focus on the development of the public and private sectors and improve the quality of national products.”

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