2015 budget raises investor confidence the economy

by day dreamer Sat 31 Jan 2015, 5:53 pm

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Post n°1

2015 budget raises investor confidence the economy

by day dreamer Sat 31 Jan 2015, 5:53 pm

2015 budget raises investor confidence the economy

1/2/2015 0:00

Undermined the wastage of public money in the methods
BAGHDAD - Hussein Tgb
Approval of the federal budget is an important accomplishing in the economic life of the country, they illustrate a vision for the future and the reality of the Iraqi market in all the joints, especially as it is approved in record time compared with their counterparts in previous years and characterized expenditures rationality and balance in clauses (according to specialists in economic affairs).
Prime Minister for Economic Affairs Dr. adviser. The appearance of Mohammed Saleh said that approving the budget outlook improves by the local economy, and raise investor confidence of the Iraqi economy, particularly the agreement and stability of the atmosphere during the approval stage leads to the organization's future economic decisions that fit the needs of the country.
He added in an interview with "morning" that approving the budget in its current form reflects the efficiency in the distribution of costs and lead to benefit and to stop the waste of money, noting that it fits the current phase experienced by the country in terms of financial distress resulting from the decline of crude oil prices in world markets.
Saleh pointed out that the budget law paragraphs of the most important task to ensure the inviolability chip employees who represent, along with retired nearly 6 million, indicating that they were preparing the weight of the economic life of the country and that this chip-sustaining almost all segments of society and cover their expenses.
He pointed out that the economic cycle is based on the spending of the salaries of the staff of the annual budget allocations received, pointing out that the rationality in the big budget expenditures and balance in the distribution of the most important qualities of the budget for the current year.
He pointed out that the investment side in the budget was not the level of ambition, but it will employ to complete the task in which the proportions of the completion of the strategic projects exceeded 50 percent, and will do the work and find important projects see the light in the shadow of the financial distress suffered by the country.
Saleh said that the budget I caught both parties to task equation firstly constipation staff salaries and the rights of pensioners and not to their prejudice, and the other recruit energies to defend Iraq in its war against (Daash) terrorist, allocating 25 percent to her, pointing out that the security of national economic and security issue syndrome.
And Saleh, said that the budget has created optimism among decision-makers in the domestic market component because they realize the real weight in the economic life and the resulting economic decisions that serve the investment process and the implementation of the action.
The economic expert David Abdul Zayer noted that the budget passed in record time, pointing to the importance of the search for alternatives to cover the lack of investment allocations in the federal budget bill, noting that the private sector has more than a solution in this important aspect that concerns a wide range of hands skilled labor threatened by unemployment due to lack of allocations for new projects.
He suggested Zayer that projects are implemented through the payment on credit under the Protocol government will be responsible Bibramh with countries that have the potential implementation of these projects and processing of commodity under the international standards, pointing out that the protocol must provide for payment on credit for time to be agreed upon within it and the payment through the export of oil after one year stated at the lower end on the implementation of projects and the interest of no more than 3 percent per year of the amounts paid only from that State, which concluded with the Protocol and on the basis of ensuring the export of crude oil to those countries concerned.

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