Economic parliamentary: The center is dominated by the investment law and must be given the powers to the provinces

Date: 01/26/2016 11:07 | Hits: 142

Information / BAGHDAD / ..

Izzat member of the parliamentary Committee of Economy Nora Albjara, Tuesday, the reasons for the failure of investment in the provinces to the dominance of the center on investment and powers that was supposed to be granted to local governments to revive the economy law.

She told Albjara / information / "The Investment Authority largely failed to file investment management in the country, the lack of dependence on economic Court plans and mechanisms, as well as the weakness of Law 13 of 2006 private investment."

She added that "the Investment Authority relies on the laws that are separated and what not prescribed. Parliament or proposed by the Parliamentary Committee on the economy."

And showed Albjara, that "there are eight provinces opposed to investment law and called on many occasions to the transfer of powers in order to facilitate her work duties with respect to investments in the country."

It is noteworthy that Iraq is witnessing a severe financial crisis after the fall in oil prices significantly large deficit in the balance of the year 2016, all this with the high costs of the war on terror for the Liberation of Albulad.anthy / 25 R.