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Today, Sunday, the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili
, revealed parliamentary efforts to legislate a law that serves segments of Iraqis, while referring to work to establish a sovereign fund for the development of youth and the unemployed.
Al-Zamili told the Iraqi News Agency (INA), that "Iraq has completed the compensation file for Kuwait, and the allocated funds are still in the Ministry of Finance, where at first it was paying a high percentage of debts of 5%, and then it decreased to 3%, and more than 52 billion dollars were paid to Kuwait." ".
He stressed, "the need for Parliament to invest the same percentage through a binding law legislation to deduct a portion of oil imports to be distributed among the poor and the unemployed," adding: "certainly, the amount is large and depends on oil exports."
Al-Zamili added, "We are working to establish a sovereign fund, so that we can develop young people and many of the unemployed."
The Central Bank confirmed, earlier, its support for the establishment of a sovereign fund for future generations.
Meanwhile, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed that establishing a sovereign wealth fund would maximize crude oil export revenues instead of consuming them in unproductive budgets.
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- Today, 19:47
Today, Sunday, the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili
, revealed parliamentary efforts to legislate a law that serves segments of Iraqis, while referring to work to establish a sovereign fund for the development of youth and the unemployed.
Al-Zamili told the Iraqi News Agency (INA), that "Iraq has completed the compensation file for Kuwait, and the allocated funds are still in the Ministry of Finance, where at first it was paying a high percentage of debts of 5%, and then it decreased to 3%, and more than 52 billion dollars were paid to Kuwait." ".
He stressed, "the need for Parliament to invest the same percentage through a binding law legislation to deduct a portion of oil imports to be distributed among the poor and the unemployed," adding: "certainly, the amount is large and depends on oil exports."
Al-Zamili added, "We are working to establish a sovereign fund, so that we can develop young people and many of the unemployed."
The Central Bank confirmed, earlier, its support for the establishment of a sovereign fund for future generations.
Meanwhile, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed that establishing a sovereign wealth fund would maximize crude oil export revenues instead of consuming them in unproductive budgets.
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