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Economist calls for reform of investment laws
Wednesday, 11 December / 2 January 2012 10:39
{Baghdad} Euphrates News said Kamal Al-Basri, an economist in 2012 to balance the need to reform laws that hinder the implementation of investment projects.
Basri said, told {Euphrates News} "The budget in 2012 will not implement the desired unless you are activating the investment by raising the legal characterization of the investment law and the lack of qualified technical factors that have led to a delay in the conclusion of contracts of private investment (contracts for private sector participation for the year) and curses in the presence of investment gap. "
He explained that the "limited public revenues and the magnitude of operational spending led to the inadequate budget allocations for the financial satisfaction of the various sectors of the formed investment allocations of 31% of the total budget allocations for 2012, which reflect the absence of a strategy of general economic agreed to the lack of clarity of strategic balance to strive for reforms economic ".
He pointed out that "the budget in 2012 performed on the Iraqi reality Baltuaqat depends on the political and policy implications of the process (which delayed the achievement of reforms and achievements of the task) and appears to be the performance of the budget will remain prisoner complexities of government measures and overlapping of powers and the scarcity of technical competencies."
He continued that "the budget in 2012 need to unlock the central and the application of the requirements of good governance, rule of law."
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Wednesday, 11 December / 2 January 2012 10:39
{Baghdad} Euphrates News said Kamal Al-Basri, an economist in 2012 to balance the need to reform laws that hinder the implementation of investment projects.
Basri said, told {Euphrates News} "The budget in 2012 will not implement the desired unless you are activating the investment by raising the legal characterization of the investment law and the lack of qualified technical factors that have led to a delay in the conclusion of contracts of private investment (contracts for private sector participation for the year) and curses in the presence of investment gap. "
He explained that the "limited public revenues and the magnitude of operational spending led to the inadequate budget allocations for the financial satisfaction of the various sectors of the formed investment allocations of 31% of the total budget allocations for 2012, which reflect the absence of a strategy of general economic agreed to the lack of clarity of strategic balance to strive for reforms economic ".
He pointed out that "the budget in 2012 performed on the Iraqi reality Baltuaqat depends on the political and policy implications of the process (which delayed the achievement of reforms and achievements of the task) and appears to be the performance of the budget will remain prisoner complexities of government measures and overlapping of powers and the scarcity of technical competencies."
He continued that "the budget in 2012 need to unlock the central and the application of the requirements of good governance, rule of law."
[You must be registered and logged in to see this link.]
