The formation of a supreme committee to restructure the loss-making companies all

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Economic Adviser in the Council of Ministers Abdul Hussein Al-Anbuge confirmed that the government has 176 losing company, pointing to the formation of a supreme committee to improve the performance of 44 companies and convert 96 another company to investment and the elimination of 17 losing company and work to develop mechanisms New for 19 belonging to the Ministry of Finance Company. He explained Anbuge's (IMN) that "during the next two days will be the formation of a joint higher committee of the Presidency of the Council of Ministers, the World Bank and the Ministry of Industry, Finance and Housing to develop solutions to these companies and restructuring of the new." The parliamentary finance committee noted, earlier went to the government to reduce ministries, agencies and government agencies spending to its lowest level in order to reduce the fiscal deficit in the federal budget for 2014 and 2015 size. He continued that "corporate restructuring process does not take place within one month, but you need some months to detect new procedures are working on the problem concerning the piece regard."
And refused to economic and investment commission in Parliament last month, restructuring of loss-making in the ministries of industry, transport companies, demand a change officials and departments because they are the main reason for the failure of those companies. From: Star Gazan, the Open: Mohammed Nasser