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Fear of the political difficulty of paying interest on loans

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Fear of the political difficulty of paying interest on loans

Unread postby admin » Fri Jan 27, 2012 3:36 pm

Fear of the political difficulty of paying interest on loans, the law of the infrastructure
27/01/2012 07:57

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Baghdad, January 27 (Rn) - A committee of economy and investment representative, on Friday, There are fears that a political mechanism for payment of financial benefits arising from Iraq after borrowing $ 37.5 billion under the law of the infrastructure (payment on credit), indicating that the fear can be Ttminh in the event obtain assurances from the Oil Ministry to increase the rate of production during the coming years. The House of Representatives has reopened in August last bill to the government, after he objected to the project value of $ 70 billion, forcing the government to reduce it to 37.5 billion dollars. A member of the Committee Salman al-Moussawi, told the Kurdish news agency (Rn), that "the current political crisis and the suspension of members of the Iraqi List, their presence in the House of Representatives last discussions of the law of the infrastructure," noting that "there is fear politically afford future generations the consequences of large are paying interest rates of financial loans" . He said Moussaoui that "fear can be assured of the Oil Ministry to increase production rate in the coming years, in addition to halving the proportion of the investment budget, operational and convert the discount rate to meet the rate of profit per year." and continued a member of the Economic Commission saying "the law of the infrastructure than speed up the completion of service projects large that require large sums of money, "adding that" the Ministry of Education, for example, with the provincial council was able to build a thousand schools in the past years in Iraq in need of five thousand school can not be done only by relying on the law of the infrastructure. " rejected the Iraqi Council of Representatives during its previous session , bill of infrastructure made ​​by the then government to grant investment companies large infrastructure projects worth $ 70 billion in a deferred payment, when many countries of the industrialized world which is undergoing a lot of money. The draft law infrastructure new implementation of the foreign companies, especially Korean, including infrastructure projects, such as schools, hospitals, water projects, payment method credit. Iraq has suffered from infrastructure crumbling in all sectors as a result of long years of siege and war during the last two decades of the last century. Despite the passage of eight years to topple the former Iraqi regime, governments can not Iraq to provide basic public services for citizens, which are often protesting the lack of it. The Iraqi government says that the financial allocations within the budgets of the country's annual unable alone to promote infrastructure projects that require large sums of money. From: Haidar Ibrahim, the Open: Abdullah Sabri

http://www.aknews.com/ar/aknews/2/286583/
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