Abu Saileik : Solving economic woes lie in stimulating investment, | Business | Ammon News


Abu Saileik : Solving economic woes lie in stimulating investment,


[9/22/2019 3:12:43 PM]

AMMONNEWS - Head of the Lower House's Economy and Investment Committee Khair Abu Saileik said any plans aimed at increasing public revenues should be based on increasing economic growth and stimulating investment.

In a press statement issued on Sunday, Abu Saileik called on the government to complete the third review with the International Monetary Fund (IMF) before proceeding to a new financial reform program.

The solution to the economic dilemma lies in stimulating existing investment and then encouraging foreign direct investment, the MP affirmed.

Regarding the 2020 budget, he said it should address the appropriations distortion of capital projects (decentralization), and amend the municipalities law to ensure their fair share in fuel allocations, and ration public spending.

On the larger vision to the future solution, he stressed the need that economic-political reforms should be carried out simultaneously to ensure success of economic reform process.

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