2013 federal budget to include loans for industrialists, says MP

01 federal budget to include loans for industrialists says mp 2013 federal budget to include loans for industrialists, says MP

Baghdad (IraqiNews.com) MP Abdul Hussein Abtan, member of the Parliamentary Economy and Investment Committee, announced that 2013 federal budget will include loans for the industrialists with low benefits.

Abtan stated to IraqiNews.com that “The Iraqi Government submitted a proposal with 2013 budget to offer loans to the industrialists with low benefits in order to address the problems faced by the industrial sector in the country.”

“The industrial sector needs such projects because it needs money and support after the embargo imposed on the country during the former regime,” he added.

It is worth mentioning that the industrial sector in Iraq suffers from clear negligence by the Government due to lack of support and its reliance after 2013 only on the external import which overfills the local markets.

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