Iraq: Law Provides the Infrastructure Million Jobs
|May 19, 2014||Filled under Iraqi Economy|
Iraqi Economy –
With the delay in approving the budget because of disagreements over its provisions and the implications for investment projects and repeat this scenario every year, seeks MPs and experts to bring life to the law of infrastructure by pushing its endorsement, especially that it includes the implementation of large-scale projects at a cost in excess of 40 billion dollars.
According to sources within the Commission for Employment and Social Services representative, the deputies of different masses are moving now to collect signatures to push this law.
Sources said the “law is ready for approval, and there is no reason to delay it, especially given that the country needs to initiate the implementation of projects included in the law after a delay budget and the loss of the country nearly half of its potential to build.”
The Ministry of Planning has confirmed that the delay in approving the General Budget Law halted implementation of investment projects included in the National Development Plan during the current year and the holidays are also half the possibilities of building the country.
And in this regard, stresses economic expert Mahmoud Alloush that failure to approve the law infrastructures great loss to the country. said Alloush told the “morning”: that “this law projects include huge investment, the country needs her, especially as the payment of money is on credit until the year 2028.”
And called for “the adoption of the Law infrastructure, even if the parliamentary session next to the country’s need for these projects, which will provide about one million jobs and operates dozens of laboratories and factories, and the movement of wheel construction and reconstruction in Iraq.”
Counting Economists frequently on passing a law infrastructure, which would establish strategic projects large in Iraq, and is working on turning the wheel of investment, arguing that the process of payment on credit most prominent advantages of the law, which can save cluster of large cash to the state, and works to reduce investment expenditure in public budgets. But a member of the Economic Commission MP Amer Al-Fayez ruled pass a bill infrastructure through the current session.
Fayez said in an earlier statement: “This law just like any other laws that obstruction of political differences, alas, the political blocs that often did not consider the national interest or the future of the country as much as you look to its own interests.” The law includes infrastructure “to build two million housing units and more than two thousand schools, in addition to a large number of large hospitals, clinics and other projects.”
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