| 2007: International expectations of economic growth in Iraq |
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October 29, 2007 Deputy Prime Minister, Dr. Barham Salih, said that the economic situation continues to improve and international estimates expect high rates of growth in the Iraqi economy, about 6%, and inflation was brought under control by hitting another level of about 33% this year and 16% for this month. This came during a media symposium held in London recently on the sidelines of his official visit to Britain. Dr. Barham Salih, Head of the economic file said that the Iraqi government decided to allocate about two and a half billion, for the development of provinces distributed among regions according to population. He added that development in the performance of administrative departments made the government raise the budget allocated to provinces to the double. Dr. Salih admitted that the political reality of Iraq is unstable and there are many problems that prevent agreement to resolve crucial issues, and added that the oil law was suspended because of the political debate which happened about its paragraphs. Source: Iraq Directory |