Economic parliamentary proposes the establishment of a fund to support the private sector with a capital of more than two billion dollars

Thursday 6 December 2012


BAGHDAD - babysit - suggested a member of the Committee on the economy and investment MP / National Alliance / Salman al-Moussawi, the establishment of a fund to support private industry deduct money (2%) of the total budget for the establishment of small and medium-sized enterprises in the country.

Moussawi said in a press statement that the budget year (2013) included a few financial allocations to the private sector, but this proposal was made to establish a fund to support private industry and obtained the approval of most of the members of the economy and investment.

He explained: that the fund is allotted funds (1% - 2%) of the general budget and this fraction does not affect the budget, noting that the budget (2013) of up to (132) billion dollars, Vmbulg fund be more than two billion dollars, and is an amount sufficient to meet the needs of the private sector.

He added: that his committee had requested to submit the proposal to the presidency of the Council of Representatives to discuss and vote on it, and will be prepared and submitted within the next couple of days ... p / i


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