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BAGHDAD - Farah pumice
praised the experts the government's decision to reduce the share of the treasury of the profits of public companies and conversion differences to reserve expansions.
economic expert, Dr. Acer Yassin considered that this decision leads to make the incentive productive bigger by increasing the production capacity of the companies and the profits desired in the near future. Yassin said in an interview for the (morning): "The conversion differences to reserve expansions and not to the operating expenses for these companies to achieve targets investment supports the advancement sector investment," noting that by increasing the accumulation of investment companies are rehabilitated and thus increase production. noted that Council Cabinet has approved in its meeting of (40) the recommendation of the Committee on Economic Affairs on the amendment of Article (11 / Item IV) of the Companies Law No. (22) for the year 1997 (as amended) for the share of the treasury of the profits of public companies (25 percent) instead of (45 percent) and the allocation of 20 percent, which is reduced to a reserve expansions. continued expert: It's "a reasonable rate for the intervention of the public treasury and check expenditure accruing to the General Administration of companies, said the reduction will be a catalyst for the advancement of companies and the productive sector, but in return must take into account that it costs realized in the general budget for the management of companies. "
As for the problems of the sector companies mixed noted Yassin weak accumulations investment and the weakness of the Iraqi banking sector, supporting the government's decision to allow the partnership between public and private sectors, as it provides part of the funding required to restore the advancement of these companies, and therefore will be promising Iraqi market under the available ingredients productivity in a favorable investment environment.
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