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Proposal to raise loans for income-generating projects to 50 million dinars
Date: Monday 06/08/2012 8:24
Baghdad / range
proposed by Member of the economy and invest in the House of Representatives Nahida Daini, increase the funds allocated to the lending fund income-generating projects so that the amount awarded per project (50) million dinars instead of (20) million, to strengthen the national economy through the activation of these projects .
The Daini Most of Representatives calling for the parliamentary sessions of past and present to raise the ceiling on the amounts allocated to the fund supporting small and medium-income-producing, because it will strengthen the Iraqi economy through the elimination of unemployment and the promotion of the private sector, but the government did not respond to their demand.
It continued: Although these projects a small and medium, but died the purposes of economic and challenge of rampant unemployment and stimulate the national economy, stressing the lack of clear economic policy in the country give these projects priority in building the national economy.
She added, should raise the ceiling on the funds allocated to the fund to support income-generating projects so that the amount given (b 50) million dinars instead of (20) million dinars for the advancement of the national economy and diversify the state revenues of Finance.
Statistics indicate that small and medium enterprises account for about (90%) of the total enterprises in most economies in the world and contributes about (50%) of global GDP It also provides (40-80%) of the total job opportunities and the potential role to play in development and contribute to the reduction of unemployment, so the interest in this type of projects in some countries has reached the limit in which the formation of ministries to support small and medium enterprises, as happened in France, Malaysia, for example.
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