Finance parliamentary: direct the formulation of the law of the Development Fund for Future Generations

Created on Wednesday, 05 June / June 2013 08:03 | Print | E-mail


Baghdad / Orr News

Parliamentary Finance Committee began drafting the bill the Development Fund for generations to save money and wealth invested backup for the benefit of future generations.

Committee member said Haitham al-Jubouri that "the Committee began drafting a bill generations Development Fund, which aims to save money by allocating a portion of the annual budget for the purpose of investment and development for future generations in the case of the low level of oil wealth."

Jubouri said, "The amount of money demanded by this law are the same as the amounts allocated to debt Kuwait to Iraq after the recent debt to be completed," noting that "it is supposed to keep this door fixed amount of fund." He pointed out that "the Iraqi state investment other natural resources, especially that the country's economy depends mainly on oil imports." And demanding economic circles to guarantee the right of future generations, of the country's wealth by taking considerations of sustainable development in the country.



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