Iraq's Economy and Budget ~ Withdrawal will encourage Arab and foreign companies to invest in Iraq ...

17/12/2011

Withdrawal will encourage Arab and foreign companies to invest in Iraq

Congress «morning»: the Iraqi economy requires a redoubling of efforts to promote

Baghdad - Shaima Rashid saw the deputies and specialists that the withdrawal of U.S. forces will encourage investment companies to come to Iraq and investment.

and they confirmed in their statements »Sabah» that the Iraqi economy requires more efforts to promote and up to the required level. The MP for the coalition of state law, Abbas al-Bayati said «the withdrawal of U.S. forces would encourage investment companies to have a bigger role in investing in Iraq under the activation of framework agreements, in addition to holding a second conference for business in Washington evidence of their desire to come to Iraq.

Al-Bayati said that the Arab companies will have a significant presence and this will activate the Iraqi market, ranging from opening up to all the countries of the region, as it is and after the withdrawal, we will adopt a market-disciplined and not rampant and the government should monitor the market and do not make traders dominate him.

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Either on budget 2012 Between al-Bayati, it is a budget are substantial and promising and increase by 20 percent from last year, saying: There is no doubt how the budget will do the Iraqi economy and the ration card and lead to address the imbalance in some sectors that suffer from the weaknesses of its aspects.

He continued: International Monetary Fund had Note on the budget, which demanded that $5 billion from the operational budget to the investment budget, but at this stage we can not so huge leap despite the fact that the investment budget will see significant development this year.

For his part, said the Iraqi List MP Abdul Khader al-Tahir:« We hope that there is growth of the Iraqi economy in the presence of international relations, real after the U.S. withdrawal, and in the presence of a real investment and be faster than others in terms of economic growth, but now we're talking numbers at hand and rushed to say that there is to eliminate unemployment and creating job opportunities in going forward operational for the next year.

He Immaculate: The a huge budget for this year drain of operating on the consumer and this means that the situation in Iraq is a social care to millions of employees and consumers either wheel building and investment remains paralyzed.

He added that the state of the economy depends on the Elimination on unemployment and creating job opportunities and the existence of projects.

In turn, President of the Committee of Economy and investment representative Ahmed Alwani: The economic situation is still volatile because of the economic policies wrong, as there are dependent on the oil sector in the economy more than rely on other resources.

He added that the Iraqi economy is clearly not dependent foundations objective , where the remains of our economy is suffering from a real crisis by relying on the oil sector by 95 percent, and that it governed the price of oil and the amount of rise or descent.

He Alwani that the Americans did not add anything new to the Iraqi economy, but rather Our economy has been affected like all other sectors such as transport and trade agriculture and other, adding that there is still inflation, unemployment and lack of investment.

For the budget of 2012, the official pointed Alwani that next year's budget did not read an accurate reading and Snthfez them, stressing that he can not pass without that there is an estimate of the accounts, since there is an item from within the budget provides for the accountability of Ministers who had not completed 75 percent of the budget granted to them.

The Kurdistan Alliance MP Sheriff Solomon has pointed out that the Iraqi economy depends on the oil sector, largely without relying on other sectors that have not experienced a major development, where still many sectors suffer from weakness and neglect.

He said Suleiman that Iraqi imports have not seen the increase hoped to have, and that all sectors on the same token, because it was not the same, but some sectors of the earth.

As for the development of the Iraqi economy after the withdrawal, Solomon said: We hope that the economy is developed after the withdrawal, and this depends on the agreements to be signed, and the agreements concluded would be a private oil at the expense of other sectors which witnessed reluctance such as trade, industry and investment.

The Solomon that the budget 2012, not bad, but the budget operating more than consumer will not change anything significant, and the government is now steps which reduce grades by half, although Some of the objection by the House of Representatives compared to previous years and this negative thing.

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