Near the announcement of Generations Fund

Near the announcement of Generations Fund



12/09/2012 12:00 am

BAGHDAD - morning
flag "status Brief for the Iraqi Media Network," said committees parliamentary plans to announce during the next term for a fund for generations Iraq.
The idea of establishing a fund for future generations is not new, as you apply some countries to ensure continuity of economic growth and maintain adequate standard of living, where applicable This plan Kuwait and Sweden for years. said parliamentary source: that of the oil and gas and Jana other representative is currently considering this proposal to study the feasibility and objectives and will be announced soon. The aim of this step, according to a member of the Oil and Energy Committee MP Furat al-Shara to secure money for each Walid in Iraq interesting during stages of his life. Shara said the "Center Brief for the Iraqi Media Network," in an earlier statement, that "Iraq faces the challenge of another kind in the economy is its dependence on oil exports just any economy rentier," explaining that "Iraq needs to other alternatives in the export is oil. "
and called Shara government to rely on other sources because wealth of Iraq has Haedrocarbonah large oil and gas, which offset the deficit if it happens, "
stressing that "the Commission put forward a draft fund generations and we will announce this project and how سنقتطع of each budget a certain percentage of the Fund for Future Generations, as well as a certain percentage to another project if the oil export exposure to natural disasters or political. "

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