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Specialists: Law important infrastructure in revitalizing the economic reality of the country
22/09/2012 12:00 am
Expressed fears of Iraq's debt accumulation by payment on credit
BAGHDAD - Haider al-Rubaie Flaih
stressed interested in the economic importance of the law in infrastructure to attract more sophisticated companies operating in the establishment of strategic projects can be of benefit to Iraq in the future, at a time stressed the need to mature some What came Pfaqrath, stressed the importance of that takes into account the law is not stagger budgets country next weights Financial can occur as a result adopted the principle of payment on credit, which they said economic principle applied in many countries in the world but limited large. As the law seeks to establish important projects of the country recognized by international companies its technical capabilities, experts pointed out that the increase in payment on credit projects able to achieve economic growth on the part of it that could clog the country additional indebtedness by the principle of payment on credit, suggesting that achieving a thoughtful number of projects each year provided they do not affect budgets country's financial, and only a burden on Iraq's revenues in the coming years.
has been considered experts said law infrastructure is a solution strategically for many economic problems in Iraq, particularly in relation to the establishment of major projects, as projects of housing and energy, bridges, hospitals and education as well as oil projects, However, these achievements can be achieved by law offset fears expressed by economist Dr. Sattar al-Bayati, due to the seriousness of flooding Iraq again indebtedness financial can be a great ensue on the country for the benefit of companies that will work within the law, is that al-Bayati believes that enactment of this Act at a time quo would increase rates of sustainable development and is important in raising abilities productivity of the country's non-oil, are expected to care law reviving aspects of industrial, agricultural and establishing giant projects in this regard vital. has made no secret Bayati regret what exposed the economic laws of enticements political disrupted many of them during past periods , stressing that those enticements obstructed bills have had an influential role in Iraq's future economic development.
Despite the fact that the law is aimed at broadening the base construction projects in the country, the Al-Bayati believes that reconstruction of infrastructure may not need to law after allocated for that large amounts within public budget allocations, whether institutions or ministries or bodies investment, which can establish a vital project or build a hospital or construction of a road traffic, however, that al-Bayati, Abizaid said: Despite the money allocated from the budget for Iraq to government departments, any project Amrani codifies or regulated by law is ordered good for the future of Iraq's economic.
The earlier project mixed reactions from experts and state officials or members of the House of Representatives, who split surveyed between supporters of the law, which they see as a great value for the establishment of infrastructure could not many government institutions implemented over the years, and afraid of the possibility of worsening debt Iraq during the years that will follow the implementation of projects, and between this and that called Bayati government to inject more messages reassurance to the Iraqi street and to the members of the House of Representatives, confirm which the importance of the project and lack of impact on the budgets of Iraq ahead and, showing strategy that will light the project and plans drawn his projects proposed for implementation in accordance with this law. gave Bayati preference for payment transactions on credit loans that stated they entail benefits and financial benefits and economic pressure to implement specific projects by companies lender countries, pointing out that the loans can only fully meet its goals in the establishment of a specific project, particularly that most of these loans can be dispersed in the implementation of more than one project and therefore can not achieve its goals optimally. Prime Minister has called, in (15 Sept.), during a press conference held at the parliament building on the sidelines hosted, to vote on the bill infrastructure, While saying that the project includes the removal of the excesses and finding solutions for bypassing, pointed out that he will be contracted with companies sober in countries Japan, Korea and China to implement infrastructure projects, also called the House of Representatives to allocate $ 37 billion for the advancement of infrastructure in the country.
While expressed through a number of House members mixed reactions on the law, the Council said in a statement that the agenda of the 24th meeting to be held next Tuesday will see the process of voting on a number of laws, including the law of infrastructure.
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