The government is seeking to form a higher economic council and link it to the cabinet
7/7/2018

The Iraqi government is seeking to form a higher economic council and link it to the cabinet, an official newspaper reported on Saturday, noting that the move would contribute to increasing per capita income, stabilizing prices and emphasizing the equitable distribution of income.

"The government is seeking to form a higher economic council and link it to the Council of Ministers to work on increasing per capita income, stabilizing prices and providing productive employment opportunities," Al-Sabah newspaper reported in its news today.

The council will also "employ and employ human resources while controlling the public debt and placing it within secure limits."

The council also stressed the fair distribution of income and opportunities to diversify the economic base and increase the sources of public revenues.


"Such a council needs to legislate a law that regulates its work, and the private sector should participate in writing this law, specifying the objectives and specifications of the people who will work in it, and therefore there will be supervision, calculation and auditing to work to be submitted during the period," the newspaper quoted the deputy chairman of the Iraqi Economists Association as Jamil Antoine as saying.

A period prior to its establishment to be discussed and above all to be employees of the Council of nationalists and owners of experience and efficiency in their work, whether in the market or in the State and recognized for integrity.


Antoine added that "the budget of the Council must be allocated from the budget and be simple, along with the allocation of a small building of 10 to 12 employees of government departments and the private sector are tasked with the progress of proposals and the implementation of the work and the provision of allocations to spend the budget at the beginning of the year to serve the matters of this Council" .

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