Parliament defers the Public-Private Partnership Law to the next session
money and business
Economy News - Baghdad
The Parliamentary Economic Committee confirmed that the new parliamentary session will witness the adoption of economic laws that contribute to supporting the local product, revealing that the law of partnership between the two sectors has been transferred, despite government calls for its approval.
A member of the committee, Nofal al-Nas`ah, said in statements followed by "Al-Iqtisad News", that "one of the most important laws that will have priority in the new parliamentary session is the law of partnership between the private and public sectors, in order to organize the work of companies and classify them as an initial step to know their size in terms of efficiency."
He pointed out that "there are other laws that will be deported because they were "chained" by decisions that impeded their passage."
He added that "the Iraqi human capabilities are able to complete large projects," stressing that "most economic laws called for relying on local expertise after it has been refined through its participation with sober international companies operating in Iraq."
He explained that "promoting and evaluating the local industry and relying on its experience contributes to the development of the country industrially and provides a large cash block inside the local area, noting that
"his committee developed an assessment of the economic situation by following up on government plans and budgets, to determine the percentages of achievement for all ministries."
The Prime Minister’s advisor for financial affairs, Mazhar Muhammad Salih, had confirmed, “The government is facing a legislative obstacle that is not approving the law on partnership between the private and public sectors, because there is a dispute over it in Parliament,”
expressing his hope that “these differences will be resolved in the service of the country’s economy.”
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