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Parliamentary Economy: 3 issues of Iraq's money wasted
24/11/2016
Baghdad
, It confirmed to the economic and investment commission in Parliament on Thursday that the currency auction sale and import of indiscriminate and deputations were the main reason behind the loss of money, demanding the need to adopt true economic approach.
A member of the Commission, Najiba Najib, for "tomorrow's Press," that "the country subjected to Ziaat in his money over the past years caused by the three directions, reflected significantly on the economic situation, which in turn had a negative impact on the citizen."
She added, "The first trend in the loss of that money is fictitious projects receiving contractors under which 30 percent of the implementation of the project, and for the second trend is the sale of foreign currency in the auction of the currency within the Central Bank of Iraq."
And the third direction, Najib said, is "clause Martyrs government deputations and the amount of money spent on those issues to the extent that there are training sessions in the simple areas can be conducted within the country, not to mention cars and the accompanying exchange of billions for fuel phantom and maintenance that strain the budget issue." .
Najib called for "the need for a certified real economic approach to the facts of possible implementation, in addition to working to activate the laws that protect the local product and limit the import, which has bedeviled the market and the citizen at the same time."
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