Economist: The government is relying on weak reasons to diversify non-oil sources

Economic expert Diaa Mohsen confirmed today, Tuesday, that the government is relying on weak reasons to diversify non-oil sources of income.

Mohsen said in an interview with Al-Maalouma Agency: “The government was supposed to benefit from its oil revenues to diversify non-oil sources of income.”

He added that “investment in the agricultural, industrial and tourism sectors through the allocation of oil revenues, which could be an important source of funding for the budget,” indicating that “the government is relying on weak reasons and does not rise to the level of the problem.”

He pointed out that “the government is talking about the lack of water revenues while it is cultivating more than 12 million dunums with the consumption of 26 billion cubic litres of water, while it could have used 900 million cubic metres through modern agricultural techniques and saved the rest to produce other agricultural crops, which would be another resource for the budget.”

He pointed out that “there are external connections among suppliers that aim to serve the importing countries more than Iraq.”

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