A member of the parliamentary Economy: Investment support of the most important singer alternatives for borrowing

History of edits:: 2015/10/10 15:24

A member of the parliamentary Economy: Investment support of the most important singer alternatives for borrowing

{Baghdad: Euphrates News} said the Investment Committee and member of the parliamentary economy Almamori proof, that "support and stimulate investment in earnest is one of the most important alternatives singer for external borrowing."

He said Mamouri told {Euphrates News} "We are trying to avoid the subject of borrowing, and the trend towards a long-term investment, similar to neighboring countries, to help this aspect in supporting the industrial and agricultural sectors and housing," pointing to "We are trying to search for aspects other than oil to be a resource for us." .

He added that "there are real plans to support investment and make it a success in the country through the implementation of laws and legislation, and to develop a strategy to protect the national product, and reduce import," noting that "these things are considered a positive step in the way of economic reform."

It is said that the wise religious authority has confirmed yesterday that "borrowing will saddle the state budget larger than it is, and it will bear very high benefits."

For its part, it confirmed to the parliamentary Finance Committee, said that "the country will go to the internal and external borrowing to fill the shortage of budget what ails financial shortfall due to lower international oil prices," stressing the need to activate all the pieces in the country.


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