Economic Committee calls for the formation of a fund supporting the private sector

Posted by on Oct 28, 2013 | Leave a Comment

08/08/2013 5:57 pm

called for economic and investment commission in the House of Representatives to take advantage of oil resources for the development of other sectors in the country, and the formation of a fund to support the private sector.

said committee member Rep. Salman al-Moussawi told a news briefing Thursday: “The oil resources are an advantage strategy must be exploited in order to development of the economy and support other sectors, lack of investment in the disbursement of salaries and allowances, but also be an important factor in supporting the sectors of industry, trade and tourism until the country can make to Hmurda secondary non-oil. “

and refer Moussawi reason for this is that “oil prices are controlled by the world are exposed the low altitude and this affects the state budget and its ability to development. “

and pointed to the existence of a project proposal Fund to support the private sector includes the deduction of part of the budget and placed in this fund provides for the private sector to no avail.

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