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Parliamentary committee is the abolition of Article 36 of the budget "politically targeted" to the Maliki government
Saturday, February 25, 2012 11:31
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Twilight News / go back to the economic and investment commission in the House of Representatives, Saturday, abolition of Article 36 of the general budget for 2012, "politically targeted" to the government of Prime Minister Nuri al-Maliki, indicating that Iraq's economy can not be unilateral, but to grow through investment.
The decision of the Commission of Economy and Investment parliamentary Mahma Khalil, in an interview with "Twilight News", that "the abolition of Article 36, which allow the financing of investment projects in a payment on credit is targeted politically to the government," explaining that "there are many countries, including countries economically advanced, tended to establish investment projects according to the style of payment on credit, what's wrong if you follow the Iraqi side of this style? "
The House of Representatives had voted, yesterday Thursday, on the state budget for 2012, and included the abolition of Article 36 listed by the government's payment on credit for projects of the current year budget.
And Khalil, "Iraq is suffering from a large retardation in its infrastructure, its economy is based on the unilateral oil revenues, and can not grow its economy and develop only through investment."
Experts say the economists that the revenues of the current Iraq and despite the potential offered by, but it is unable to bring the required development in the light of the great need of infrastructure, noting that recourse project finance-style payment term will provide an opportunity to achieve economic growth and provides thousands of jobs and working to attract foreign investment.
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Saturday, February 25, 2012 11:31
Hits: 15
Twilight News / go back to the economic and investment commission in the House of Representatives, Saturday, abolition of Article 36 of the general budget for 2012, "politically targeted" to the government of Prime Minister Nuri al-Maliki, indicating that Iraq's economy can not be unilateral, but to grow through investment.
The decision of the Commission of Economy and Investment parliamentary Mahma Khalil, in an interview with "Twilight News", that "the abolition of Article 36, which allow the financing of investment projects in a payment on credit is targeted politically to the government," explaining that "there are many countries, including countries economically advanced, tended to establish investment projects according to the style of payment on credit, what's wrong if you follow the Iraqi side of this style? "
The House of Representatives had voted, yesterday Thursday, on the state budget for 2012, and included the abolition of Article 36 listed by the government's payment on credit for projects of the current year budget.
And Khalil, "Iraq is suffering from a large retardation in its infrastructure, its economy is based on the unilateral oil revenues, and can not grow its economy and develop only through investment."
Experts say the economists that the revenues of the current Iraq and despite the potential offered by, but it is unable to bring the required development in the light of the great need of infrastructure, noting that recourse project finance-style payment term will provide an opportunity to achieve economic growth and provides thousands of jobs and working to attract foreign investment.
[You must be registered and logged in to see this link.]
