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Payment on credit law and predation
09/26/2012 5:23 am
The effects of the law of payment on credit or the so-called day law infrastructure fanfare large, spoke a lot of deputies and specialists of economic affairs, political, and both the richest subject from his point of view, but it seems that the law took another turn politically than is economic, not seen the same law a problem, mainly because I miss to purely abstract economic outlook of the situation in Iraq, and talked a lot of logic and political motives far from the interests of Iraq and its wealth. Yes no doubt that the infrastructure and construction is an important basis for economic development, human and social, but put the law was a lot of payment and exaggeration to show it like a savior of Iraq, and that the magic key to the economic problems suffered by the Iraqi market deteriorating, and address the problems of financial and administrative corruption and poor services, and to sectors various other be Bmsas with Iraqi citizens. Certainly, many countries may resort to borrowing from home or abroad in order to promote and implement economic plans, and the example of China, which amounted to loans internal more than $ 1.2 trillion until the end of the first half of 2012, and of the results of these loans are boom-quality and large in the Chinese economy and who was able to turn into the second largest economy in the world, previously so European countries and Japan, check that there are clear political vision, and strategic sense, and develop plans studied and in the short term and long term, and implementation of accurate and consistent with the financial capacity, and provide oversight of accounting, financial and restricted time period specific projects. That payment on credit law does not mean only to undermine the government contract disbursements for projects has not been identified in a careful and thoughtful, did not have any well thought out and there are no plans to see the impact of these projects on the Iraqi economy, which could affect the government's obligations in the future. Yes countries today dire need of major projects for electricity and drinking water, irrigation, industry, agriculture, oil and minerals, transport, environment, telecommunications, transport, health, culture, education and literacy, housing, sanitation, training and rehabilitation, may be the law of the infrastructure, which the government seeks to approval in the House of Representatives is what you could meet these needs reformulated all filling gaps where legal and financial in parliament and put it into practice later. The House of Representatives and the government have said that work positively with the observations and reservations and objections raised to the bill. Must be free from mental conspiracy among the political blocs, and the policy of miscarriage and politician who missed the country and the cause of economic and social underdevelopment. To ensure that you go to infrastructure projects and international companies specialized guaranteed, it is necessary to achieve the state in all cases of financial and administrative corruption that has wasted hundreds of billions of dollars in less than ten years only, Vofuah predation will remain open for infrastructure projects.
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