Economic parliamentary calls for the formation of a fund to support the private sector and non-oil s

Economic parliamentary calls for the formation of a fund to support the private sector and non-oil sectors

Thursday, 08 August / August 2013 08:48 | PDF | Print | Send to a Friend



{Baghdad: Euphrates News} stressed member of the Committee on Economy and Investment parliamentary need to take advantage of oil resources for the development of other sectors in Iraq, calling for support of the proposal to form a fund to support the private sector.

The MP said Salman al-Moussawi told {Euphrates News} on Thursday that "the oil resources is considered an advantage strategy for us but must be exploited for the development of other resources and also to support other sectors, because it should not taken Exchange imports in the disbursement of salaries and allowances, but to support the industry sectors trade and tourism so that we can make oil a secondary resource. "

He attributed the reason for the importance that "oil prices are controlled by the world are exposed to low height, and this affects the state budget and its ability to development."

Moussawi said that "we have a proposal to fund project to support the private sector and demanded that the portion is deducted from the budget and placed in this fund provides for the private sector without the benefit."

The Iraqi Minister of Planning of former Mehdi al-Hafez said that the private sector is a critical factor in national development and economic development in the country, noting at the first annual conference of businessmen in Iraq, the Office of al-Hakim in March last year that "the great success in the political sphere is not enough unless mixed with the sound economic transformation of society pays a lot of significant achievements which serve the Iraqi people. "

Moussawi said that "the law of the economic capital of Basra is now ready for a vote after that there were several objections to it by the executive and legislative We have provided this law now does not have it any different."

He added that "This law will give Iraq a major economic shift is possible that the economic advantage of Basra, the capital of which is the only sea port and also that oil exports of more than 80 percent of Basra."

And ended the committee of economy and investment parliamentary in the 14 of last month the completion of the proposed law Basra, the capital of Iraq's economic contribution to the development of the Iraqi economy, which called to offer mass citizen representative thanked the committee for this achievement and pass the law and agreed to send it to the presidency of the parliament for inclusion on the agenda and read For the second time "

Moussawi stressed that "tax revenues and fees we have marginalized and should be considered by the state and is responsible for importing food, clothing, construction materials and must leave these things and devote themselves to strategic issues." Ended 2 m

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