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Iraqi Dinar 123 News:- Member Bloc Independent MP Mohammed al-Shammari states that global economy creating crucial situation for every country but we are making some national schemes for the betterment of Iraqi economy. Increase in oil exports by some countries which trying to reduce oil prices in international market also impact these countries' economies.

Iraqi Dinar 123 News:- The parliament budget is expected to go up and change for the need of the people. It is not important to handle things only for the state departments and the citizens but also for the problems that the country has been facing since long.

Iraqi Dinar 123 News :- The economic department decided to bring out a common budget for the years 2014 and 2015. This decision was taken after the delay of the budget of the year 2014. Due to the delay of the budget the economic conditions of the country faced recession.

Iraqi Dinar 123 News:- According to Iraqi finance minister: Iraq is facing many financial hardships in these days because of low oil prices in the international market are affecting Iraq exports revenue In this situation, major role of government departments of Iraq which are using Iraqi funds and increase their expenses.

There are different opinions present, and we have to follow those opinions and we have to ensure the best parts of the services. Different legislative departments are looking and juggling the balls in the air and they are telling us and different parties are trying to get their interests behind the floating issues.

The tax revenue collection department of Iraq reported in the parliament that the tax revenue of Iraq is lower than the expectations and for the real economic growth; it is deadly needed to increase the tax net. More and more people need to be brought in the tax net to enhance the tax revenue of the government.

Iraqi Dinar 123 News:- The year 2014 has been facing budget crisis. There are many people who have been discussing these issues with the government department to get over the budget issues but it seems to remain at the same point.

The Central Bank of Iraq on Monday; asked the different ministries and departments to show the letters of guarantee that have been issued to the clients. The managing authority of the Central Bank issued orders as; "The bank asked the General Secretariat of the Council of Ministers circular to ministries and relevant agencies for the purpose of patient claims for letters of guarantee issued by the Bank of the economy the fact that the bank in the rehabilitation phase.

It has been reported that Daash has been trying to get control over the oil fields of Syria and Iraq. Daash already controls about 17% of the area that has oil refineries. According to Turkish department heads; " oil is what helped Daash rise to this position." Iraq got divided into three different parts; Kurdistan, northern Iraq which is controlled by the government in Baghdad and the areas that are under the control of Daash.

The process of ownership of the land to the owners is being done. The city of Nasiriyah is being given out to the owners after the completion of the necessary paper work. The city had been disturbed due to the security conditions of the country and because of war the people had to move to other areas. Now things have settled in the area and the people are being transferred back through a proper channel.