Friday, March 29, 2024

Baghdad

Iraq needs $ 20 billion to upgrade agriculture, says MP

Iraq needs $ 20 billion to upgrade agriculture, says MP

Baghdad (IraqiNews.com) The Parliamentary Agriculture Committee announced that Iraq needs more than $ 20 billion to upgrade the agricultural sector.

Member of the Committee, Kadhim al-Bahadili, stated to Iraqi News (IraqiNews.com) “The deliberate negligence by the former regime to the agricultural sector caused major desertification for many lands and obliged 80% of the farmers to abandon their agrarian lands and move to cities, so it is very difficult that the current government could improve this sector within a limited period.”

“The available financial allocations for the agrarian sector are not enough where we need more than $ 20 billion to rehabilitate the agriculture and do the reclamation,” he added noting that “The pending Late Payment Law has allocated $ 18 billion to develop the agricultural posture.”

Leave a Reply