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Parliamentary Economy: Investment Act will cover more than 15% of the budget

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Rocky


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Parliamentary Economy: Investment Act will cover more than 15% of the budget




11/11/15

BAGHDAD / Sky Press: detection of economic and investment commission member of the parliamentary proof Mamouri, about the possibility of the investment sector under the new law, passed by Parliament to cover more than 15% of the general budget.
Mamouri said in a statement received "Sky Press," that "the investment law, which was passed in the House of Representatives will enter into force after publication in the newspaper the facts, and will be ready for implementation time."
He added that "this law is one of the important laws that contribute to the development of the country and ease the burden on the central government through the implementation of investment projects promote financial and economic of the country's reality, as well as the advancement of the reality of urban and mitigation of the housing crisis and unemployment, which had exhausted the shoulders of the citizen."
He explained that "the law guarantees paragraphs mission, including the selection of Chairman of the Board and its members mechanism, and the elimination of red tape extruder for investment, and the application of the principle of the single window, in addition to overcome the obstacles and to provide all facilities to attract investors."
The House of Representatives had been approved earlier, the draft amendment of the Investment Law.

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