Near the announcement of Generations Fund

12/09/2012 12:00 am

BAGHDAD - morning
Science "Bri Center for the Iraqi Media Network," said parliamentary committees plans to announce during the next term for generations Fund for Iraq.

The idea of ​​establishing a fund for future generations is not new, as you apply some countries to ensure continuity of economic growth and maintain adequate standard of living, where applied this plan Kuwait and Sweden for years.

Said parliamentary source: that of the oil and gas and Jana other representative is currently considering this proposal to study the feasibility and goals and will be announced soon.

The aim of this step, according to a member of the Oil and Energy Committee MP Furat al-Shara to secure money for each Walid in Iraq of attention during the stages of his life.

Shara said the "Center Brief for the Iraqi Media Network," in an earlier statement, that "Iraq faces the challenge of Another type of economy is its dependence on oil export only the rentier economy ", adding that" Iraq needs to other alternatives in the non-oil export. "

Shara called on the government to rely on other sources because the wealth of Iraq has large Haedrocarbonah of oil and gas that would compensate the deficit if it happens, "
Stressing that "the Commission put forward the draft Fund for Future Generations and we will announce this project and how we'll deduct from each budget a certain percentage of the Fund for Future Generations as well as a certain percentage of another project if oil export exposure to natural disasters or political."


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