* Experts warn of consequences of non-economic legislation

January 21st, 2012 09:23 am · Posted in NEWS: Dinar Currency & World Currency News 

Experts warned of the consequences of the lack of necessary legislation to boost economic growth in Iraq, coinciding with the revelations of the Finance Committee in the Chamber of Deputies the existence of claims from IMF emphasizes that the failure of Parliament to legislation laws undermine growth.

Economist Helal altaian radio free Iraq that highlighted the problems facing the Iraqi economy and impeded growth is the rising salaries of the three presidencies and special grades, deputies and members of provincial councils, County, district, and its negative effects on the general budget, as well as the total salary of all employees of the State consumes 30% of the budget in 2012, noting that this percentage is very high compared to the rest of the world, and at the same time called on Parliament to circumvent this problem and find Quick fixes.

His Economic Committee Member referred in the House of Abdel Hussein abtan said Parliament was determined during the current session to enact a new law would reduce the number of Vice-Presidents and members of the Councils of counties and districts, as well as reduce operational expenditures are necessary and which adversely affect the balance of the country.
Abtan acknowledges the existence of a real problem facing Iraqi State for large numbers of staff in the public sector, the successive Iraqi Governments criticized for their inability to develop viable economic policy to stimulate the private sector and reducing dependence on the Government sector.

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