Global economy is heading toward collapse .. and pay on credit for investment companies will save economy

Deputy al-Mutlaq: the global economy is heading toward collapse .. and pay on credit for investment companies will save economy
On: Saturday 14/07/2012 13:29

Baghdad (news) .. According to a member of the Finance Committee MP / coalition in Iraq / Ibrahim al-Mutlaq, that Iraq does not need to draft payment on credit to companies investment in building infrastructure.
Mutlaq said (of the Agency news) on Saturday: The project payment on credit overburden the shoulders of Iraq Diwan and investment companies will demand an increase of amounts to deduct profit from them. He added: Iraq has revenues sufficient to meet the need of projects of infrastructure, indicating the following: that the world economy is heading toward collapse, and especially the European Union pays Bashrkatha to invest in other countries to promote their economy at the expense of profit, which bear on the sums and work in the payment on credit in investment projects to countries that need it. and pointed out: that the general budget in Iraq built on specialization (100) billion dollars annually, of which (70) billion operating to pay the salaries of employees in government departments, and (30) billion countries investment allocated to infrastructure projects and services Urban pointed out is that these allocations if used correctly will reduce the percentage of operational and will increase the proportion of investment (50) billion dollars for the projects construction that did not need to draft payment on credit for investment companies. revealed al-Mutlaq: the salaries of most employees have a high proportion without providing any services to the citizen , making the citizen leaves the farm or factory the private sector and is heading to the government action as a result of wages high, the impact on the private sector. and MP-Mutlaq: to dispense with Iraq on the draft payment on credit for investment companies and the trend to encourage local companies will promote the growth of the country’s economy and operate the largest number of the workforce and reduce unemployment and poverty. this and some people call a law postpaid, was canceled in the House of Representatives during the vote on the budget for the year (2012) to the bill. / End / 21. n. r /
Source: ikhnews