Maliki announces imminent referral budget 2012 to the Parlia
Posted: Wed Nov 16, 2011 12:50 pmMaliki announces imminent referral budget 2012 to the Parliament and emphasizes international agreement on the payment on credit
Prime Minister Nuri al-Maliki, Wednesday, that the budget for fiscal year 2012 will be forwarded to the House of Representatives soon, while stressing that many States have agreed to the implementation of projects in a payment on credit, he called on the provinces to invest in the private sector and foreign investment.
Said Nuri al-Maliki during a conference of governors and heads of provincial councils held the Council of Ministers and attended “Alsumaria News”, “The Council of Ministers will refer the financial budget for the year 2012, to the House soon,” asserting that “the budget focused on the operational side, which Ajhdha a lot.”
He attributed the reasons for the increased Maliki’s operating expenses to “raise the aid of the many claims,” noting that the government “was the wish to give the investment opportunity in the budget for the reconstruction of the provinces.”
Maliki said that “there is a committee working on the intensification of the budget in order to increase capital expenditures to be 30 per cent,” pointing out that “this requires a lot of incarceration operating expenses.”
Maliki said the government “seeks to compensate for the shortfall in investment expenditure of the infrastructure project,” pointing out that “many countries, including Germany, Japan and South Korea agreed to implement strategic projects on credit payment method.”
Al-Maliki consent of those States to deal with Iraq in one way payment on credit “good thing”, calling on officials in the provinces to “go to the investment in the private sector and the use of foreign investment to be the capital of domestic and foreign aide us in reconstruction and to provide the required services.”
The Iraqi Ministry of Planning announced that, in the 22 September last, that the budget for fiscal year 2012 will be between $ 112 and $ 120 billion, confirming that 35% of the allocated budget investment, indicating that it would be the second largest budget in the Arab world after Saudi Arabia.
And welcomes the Iraqi government invited foreign companies to implement various projects in the country in a payment on credit, especially after it showed many companies, the desire to work according to this method that you see the government useful for them especially as some of the foreign companies offered to work on credit for ten years without interest.
And Iraq’s parliament approved in October 2006 Iraqi investment law, which it was said at the time that he would open the doors wide open to foreign investment, due to introducing a lot of facilities to foreign investors, many foreign companies are still hesitant because of fears that the security situation is stable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign investment in all the privileges, except own the property, as can a foreign investor to rent the land for 50 years, renewable, according to paragraph 11 of the Investment Law.
It is incumbent upon investors to submit their projects for the National Commission for Investment or the Investment Commission of the region or province for investment licenses, and can apply for investment license to the “circle of single-window” developed by the National Investment Commission, and authorized to inform the investor’s decision to the final in 45 days, to eliminate red tape in the granting of administrative leave investment.
http://bit.ly/uSg72A
Prime Minister Nuri al-Maliki, Wednesday, that the budget for fiscal year 2012 will be forwarded to the House of Representatives soon, while stressing that many States have agreed to the implementation of projects in a payment on credit, he called on the provinces to invest in the private sector and foreign investment.
Said Nuri al-Maliki during a conference of governors and heads of provincial councils held the Council of Ministers and attended “Alsumaria News”, “The Council of Ministers will refer the financial budget for the year 2012, to the House soon,” asserting that “the budget focused on the operational side, which Ajhdha a lot.”
He attributed the reasons for the increased Maliki’s operating expenses to “raise the aid of the many claims,” noting that the government “was the wish to give the investment opportunity in the budget for the reconstruction of the provinces.”
Maliki said that “there is a committee working on the intensification of the budget in order to increase capital expenditures to be 30 per cent,” pointing out that “this requires a lot of incarceration operating expenses.”
Maliki said the government “seeks to compensate for the shortfall in investment expenditure of the infrastructure project,” pointing out that “many countries, including Germany, Japan and South Korea agreed to implement strategic projects on credit payment method.”
Al-Maliki consent of those States to deal with Iraq in one way payment on credit “good thing”, calling on officials in the provinces to “go to the investment in the private sector and the use of foreign investment to be the capital of domestic and foreign aide us in reconstruction and to provide the required services.”
The Iraqi Ministry of Planning announced that, in the 22 September last, that the budget for fiscal year 2012 will be between $ 112 and $ 120 billion, confirming that 35% of the allocated budget investment, indicating that it would be the second largest budget in the Arab world after Saudi Arabia.
And welcomes the Iraqi government invited foreign companies to implement various projects in the country in a payment on credit, especially after it showed many companies, the desire to work according to this method that you see the government useful for them especially as some of the foreign companies offered to work on credit for ten years without interest.
And Iraq’s parliament approved in October 2006 Iraqi investment law, which it was said at the time that he would open the doors wide open to foreign investment, due to introducing a lot of facilities to foreign investors, many foreign companies are still hesitant because of fears that the security situation is stable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign investment in all the privileges, except own the property, as can a foreign investor to rent the land for 50 years, renewable, according to paragraph 11 of the Investment Law.
It is incumbent upon investors to submit their projects for the National Commission for Investment or the Investment Commission of the region or province for investment licenses, and can apply for investment license to the “circle of single-window” developed by the National Investment Commission, and authorized to inform the investor’s decision to the final in 45 days, to eliminate red tape in the granting of administrative leave investment.
http://bit.ly/uSg72A