economic reality distorted and need to form a Council-sponso

[Stillw8n]

economic reality distorted and need to form a Council-sponsored
al-Issawi, Government, House of Representatives, Iraq, United States House of Representatives, World Bank
According to a member of the parliamentary Economic Committee of the National Alliance Abdul Hussein Resan “The economic reality is distorted in the country need to form a corporation or sponsored by the Council.”

And said Resan told all of Iraq [where] that “until now all the economic decisions come from one side without any coordination between the Ministries of Finance, Planning and Bank of Iraq.”

He added that “each ministry is seeking today to get some personal customizations to its efforts.”

He noted that “there does not have any authority or institution sponsoring the Iraqi economy. Noting that” the House of Representatives today in connection with the vote on the budget of 2012, the budget is a giant and the biggest budgets in the Arab world Mazkrth by the Ministry of Planning. “

He explained that “approximately [70%] or more of which is to balance the operational services and are not left with only a little bit of investment.”

Noting that “the ministries of the State is unable to spend such a large scale allocations, where he presented a proposal by the Parliamentary Commission of Economy earlier that turned the remainder of the financial allocations to ministries of regional development.”

And that “the development of the regions to be more efficient than the ministries in the disbursement of financial allocations.”

The government had given the Finance Minister Rafie al-Issawi power to borrow $ 4.5 billion dollars from the IMF, and two billion dollars from the World Bank.

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