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An economist calls for transferring part of the oil revenues to the sovereign wealth fund to eliminate unemployment
Monday 30 May 2022 10:46 | economic Number of readings: 189
Baghdad / NINA / - The economic expert, Safwan Qusay, called for transferring part of the oil revenues above $70 to the Sovereign Wealth Fund and financing it from all other revenues to eliminate poverty and unemployment, provide raw materials and deepen investment in industrial and commercial cities.
Qusay said in a statement to the National Iraqi News Agency / NINA/ : "
With the continued rise in oil prices and the increase in Iraq's revenues, it became clear the need to accelerate the achievement of the goals of the White Paper, especially economic diversification,
by transferring part of the oil revenues above $70 to the
Sovereign Wealth Fund and
financing it from all other revenues and
linking it to the national development plan and from
Then turn it into real productive projects commensurate with the
rates of poverty and unemployment, the
availability of raw materials, the
deepening of investment in the industrial and commercial cities, and the
establishment of launching agricultural cities in the system of partnership between the sources of bank financing and the regular private sector and
with government supervision and facilities according to the system of joint arrangements.
Qusay continued: "Such treatments will contribute to achieving food, drug, industrial, commercial and cultural security by investing locally available resources with the need to integrate with the regional and international environment with a flexible and multi-dimensional participation system." / End 8
An economist calls for transferring part of the oil revenues to the sovereign wealth fund to eliminate unemployment
Monday 30 May 2022 10:46 | economic Number of readings: 189
Baghdad / NINA / - The economic expert, Safwan Qusay, called for transferring part of the oil revenues above $70 to the Sovereign Wealth Fund and financing it from all other revenues to eliminate poverty and unemployment, provide raw materials and deepen investment in industrial and commercial cities.
Qusay said in a statement to the National Iraqi News Agency / NINA/ : "
With the continued rise in oil prices and the increase in Iraq's revenues, it became clear the need to accelerate the achievement of the goals of the White Paper, especially economic diversification,
by transferring part of the oil revenues above $70 to the
Sovereign Wealth Fund and
financing it from all other revenues and
linking it to the national development plan and from
Then turn it into real productive projects commensurate with the
rates of poverty and unemployment, the
availability of raw materials, the
deepening of investment in the industrial and commercial cities, and the
establishment of launching agricultural cities in the system of partnership between the sources of bank financing and the regular private sector and
with government supervision and facilities according to the system of joint arrangements.
Qusay continued: "Such treatments will contribute to achieving food, drug, industrial, commercial and cultural security by investing locally available resources with the need to integrate with the regional and international environment with a flexible and multi-dimensional participation system." / End 8
