02/01/2011Delay adoption of the budget confuse the private-sector investment
بغداد - الصباح BAGHDAD - morning
Warned a financial expert, Dr. Hamad Al-Bashir Alwan delay approving the budget for the financial Szbbh to reduce the incentive of the private sector to invest in the country.
Stressing the importance not to delay approving the budget, more than that causing a reduced incentive for the private sector to invest in the country which generates so pessimistic because the investor is always looking for opportunities for profitable and safe, if not fired budgets certainly will expect that something will reduce the motivation for investment, indicating that there Another negative aspect is the low levels of income for all segments of society because the budget allocation process is a way to enter the government as that government spending is part of the application which is a special and spend a year, which in turn is divided into consumer and government spending and investment in particular.
And suggested that lawmakers in both houses of ministers, MPs, taking into account this aspect in the coming years and to prepare a budget accurately and early, to be discussed before the start of the year so that all social sectors at the local level preparedness to face disciplinary allocated within the budget and expect that there will be future revenues are good and prevail to have the spirit optimism rather than pessimism.
Stressing that they naturally have a budget for the state is the foundation to absorb the momentum of unemployment and alleviate the problems of society and the increase in incomes and the low level of social crime at the local and international level because there are associated with regionally and internationally in Iraq and its investments and spending in addition to that the country has a revenue and a high level of national income, private that oil revenues are returning important for the Iraqis and foreigners.
Experts have warned the crisis might be exposed to the Iraqi economy in the event of delay in the adoption of the new budget for 2011, asserting that the cycle of wait experienced by the institutions of the State Department because of differences over forming a government would be a significant impact on the ground service on the citizen.
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