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Chamber of Commerce warns of the province of Babylon, the passage of a financial crisis and severe lack of liquidity
Sat, 24 January 2 / January 2015
[Babylon-where]
Chamber of Commerce warned the province of Babylon ,, to maintain the passage of a severe financial crisis in various sectors of the lack of new projects contribute to the insurance and the provision of liquidity into the markets, "calling for" the federal government to reduce the external import, and attention to the private sector to fill the budget deficit.
Said chamber director honest Afaihan, told all of Iraq [where] that "the economic and trade situation in the province is very difficult, and this situation for more than a year for the failure to approve the federal budget and the implementation of new projects that contribute to the increased movement of cash into the local markets."
"The room has promised a thorough study and monitoring of the market and sales volume for the various sectors and noted the presence of a high percentage of the decline in sales volume due to the declining standard of living of citizens, and low salaries for their association with loans for a long-term, which makes their salaries back to the state treasury in addition to the lack of investors and traders Banks Altadzeh because of the conditions set recently, which led to making the market movement slow and low to a large extent. "
He Afaihan that "2015 will carry a lot of difficulties at the local government and the province, because of the high rates of poverty, which was in 2014 in excess of 23%, and we expect increased to a great extent, in addition to unemployment, which stood at 27 percent and we expect to rise to the highest levels." .
"The delay in the federal budget deficit and the presence of an estimated 23 trillion dinars with declining oil revenues would have a negative impact on the province, so it has to be on the central government to reduce the volume of imports from the outside in order to maintain the liquidity that drives the local markets."
He called on the President of the Chamber of Commerce of Babylon, the central government to "interest in the private sector, the only being who would have a significant role in bridging the Gr budget by reducing red tape, and to encourage local production and to provide soft loans for all citizens, investors and traders and manufacturers to stimulate economic activity in all the provinces and different sectors and ease the harsh conditions imposed in granting such loans. "
The appearance of Mohammed Saleh adviser to Prime Minister Haider al-Abadi for Economic Affairs, revealed near the release of important economic laws contribute to the recovery of the Iraqi market and investment opportunities.
Said Saleh's [where], he was "a forthcoming law for cities and industrial industry mixed, and this is very important, and there is a law is for private sector investment, encourage and create Association and strong bond between the state and the private sector to stimulate the movement of the market and end the separation existing between them," he said. " there is a trend toward a market economy is that activates the development and not speculators and Ctkarion, there are politicians heading for the development of the market. "
The prime minister Haider al-Abadi said yesterday at the World Economic Forum - Davos "We turn now from the system controlled by the government to a mixed economy more active, as we privatize key sectors, and explore partnerships between the public and private sectors, and entering into joint ventures with international companies," he said "As prime minister, followed a strategy of interdependence, rather than the dominance of state government control over the economy and the dominance of the Baghdad government to local governments, public and private sectors will enter with the central government and provincial governments in partnership."
Iraq is facing financial hardship and a lack of liquidity with a large fiscal deficit is estimated at 60 trillion dinars due to lower global oil prices to below $ 50 per barrel, especially since the Iraq depends on oil rents by up to 85% .anthy 20
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Sat, 24 January 2 / January 2015
[Babylon-where]
Chamber of Commerce warned the province of Babylon ,, to maintain the passage of a severe financial crisis in various sectors of the lack of new projects contribute to the insurance and the provision of liquidity into the markets, "calling for" the federal government to reduce the external import, and attention to the private sector to fill the budget deficit.
Said chamber director honest Afaihan, told all of Iraq [where] that "the economic and trade situation in the province is very difficult, and this situation for more than a year for the failure to approve the federal budget and the implementation of new projects that contribute to the increased movement of cash into the local markets."
"The room has promised a thorough study and monitoring of the market and sales volume for the various sectors and noted the presence of a high percentage of the decline in sales volume due to the declining standard of living of citizens, and low salaries for their association with loans for a long-term, which makes their salaries back to the state treasury in addition to the lack of investors and traders Banks Altadzeh because of the conditions set recently, which led to making the market movement slow and low to a large extent. "
He Afaihan that "2015 will carry a lot of difficulties at the local government and the province, because of the high rates of poverty, which was in 2014 in excess of 23%, and we expect increased to a great extent, in addition to unemployment, which stood at 27 percent and we expect to rise to the highest levels." .
"The delay in the federal budget deficit and the presence of an estimated 23 trillion dinars with declining oil revenues would have a negative impact on the province, so it has to be on the central government to reduce the volume of imports from the outside in order to maintain the liquidity that drives the local markets."
He called on the President of the Chamber of Commerce of Babylon, the central government to "interest in the private sector, the only being who would have a significant role in bridging the Gr budget by reducing red tape, and to encourage local production and to provide soft loans for all citizens, investors and traders and manufacturers to stimulate economic activity in all the provinces and different sectors and ease the harsh conditions imposed in granting such loans. "
The appearance of Mohammed Saleh adviser to Prime Minister Haider al-Abadi for Economic Affairs, revealed near the release of important economic laws contribute to the recovery of the Iraqi market and investment opportunities.
Said Saleh's [where], he was "a forthcoming law for cities and industrial industry mixed, and this is very important, and there is a law is for private sector investment, encourage and create Association and strong bond between the state and the private sector to stimulate the movement of the market and end the separation existing between them," he said. " there is a trend toward a market economy is that activates the development and not speculators and Ctkarion, there are politicians heading for the development of the market. "
The prime minister Haider al-Abadi said yesterday at the World Economic Forum - Davos "We turn now from the system controlled by the government to a mixed economy more active, as we privatize key sectors, and explore partnerships between the public and private sectors, and entering into joint ventures with international companies," he said "As prime minister, followed a strategy of interdependence, rather than the dominance of state government control over the economy and the dominance of the Baghdad government to local governments, public and private sectors will enter with the central government and provincial governments in partnership."
Iraq is facing financial hardship and a lack of liquidity with a large fiscal deficit is estimated at 60 trillion dinars due to lower global oil prices to below $ 50 per barrel, especially since the Iraq depends on oil rents by up to 85% .anthy 20
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