In partnership with the General Secretariat of the Council of Ministers .. Baghdad Economic Forum to

In partnership with the General Secretariat of the Council of Ministers .. Baghdad Economic Forum to hold a workshop to discuss maximizing the resources of the State


 Baghdad / Special Range

The Baghdad Economic Forum, in partnership with the General Secretariat of the Council of Ministers, organized a workshop to discuss the trends of maximizing the resources of the State, conducted by the economic expert Majid Al-Souri in the presence of a number of relevant officials and local and foreign economic figures and representatives of some embassies.
The Secretary-General of the Council of Ministers d. Mahdi al-Alaq, that the participation of the Baghdad Economic Forum comes to support the government to the private sector, noting that the government has been keen to involve the private sector in all economic committees.


He also welcomed the orientation of the Baghdad Forum, which aims at holding a series of workshops that diagnose the economic imbalance and present recommendations that represent realistic images, stressing that the government is moving towards economic reform to achieve comprehensive development and gradual transition to the private sector. Economic reforms that he has initiated.
Al-Aalak said that Iraq is suffering from many economic problems because of its total dependence on oil revenues, which fell by about 70%. He said that the government has been reforming through issuing resolutions to compensate for the decrease in oil revenues and eliminate some of the problems that affected the country's economy. Developing public and private sectors and improving the quality of national products.
In a statement issued by his press office, the head of the Baghdad Economic Forum, Fares Al-Salman, announced that the workshop on "Trends in maximizing state resources" is the first workshop of a series of workshops to be held with one workshop per month with the participation of leaders of economic thought in Iraq, parliamentarians, State institutions, the private sector, civil society and intellectuals.
The economic adviser in the House of Counselors d. The public pocket is the development people fund and then the government will strive develop facilities and legislation and to create an appropriate environment for the work of the parents of the private sector in order to build up their capital and invest and produce and win and generate incomes for the elements of production as long as all this represents a tax vessels be able government to impose a tax on and finance their activities. " Came The Prime Minister's Advisor for Financial Affairs, Dr. Mazhar Mohammed Saleh, entitled "Financial Strengthening of Iraq: Vision for the years 2018-2020. " Saleh said in his paper, "The imports of crude oil dominate the order and movement of three basic balances in the national economy, Balance of payments and the federal budget, and the balance of the last is the contribution of the oil sector in the components of GDP. " Saleh warned that" "If we exclude the oil resource from the three scales mentioned above, the country will turn to a tripartite deficit that is difficult to dismantle in the short term due to the narrow diversity of national income sources." The recent public finance of producer countries and exporters of raw materials is a criterion for measuring the actual deficit rooted in The financial structure of the high-rent economies is called Non-Oil Primary Balance-NOPB, which is the non-oil balance, which expresses the financial (negative) amount if all public expenditures were subtracted from non-oil revenues. The expenditure on the oil sector will be deducted from the total expenditure, T debts as they relate to the obligations of the previous fiscal years). The prime minister's finance adviser recommended seven practical steps to be adopted starting in fiscal year 2018, stating that " The third is the adoption of a system of outsourcing to the tax system of small units of taxpayers; the fourth is the expansion of the system of partnership with the private sector in the distribution of electric power; and the fifth is the enactment of the Sales Tax Law by calculating the tax on The final value of the service, and the sixth to improve the management of collection of fees (non-sovereign) and wages approved in accordance with Article 24 of the Federal Budget Act of 2017, and the seventh development of fuel support system and limited to the poor classes of consumers. Professor of Economics, Faculty of Management and Economics, University of Mustansiriya d. Falah Khalaf Ali al-Rubaie, a paper entitled (Analysis of the phenomenon of depletion of the economic surplus in Iraq), which called for the implementation of economic reforms consistent with a long-term economic strategy whose main objective is to reduce dependence on oil revenues in terms of their contribution to the GDP or a source of financing imports, Contribution of non-oil output more than 80% of the fiscal budget. Al-Rubaie added that "this objective can be achieved through the adoption of three elements of the President of the economic policy, which is diversification of economic activities to increase non-oil exports and increase private investment (domestic and foreign) and intensive application of human development programs and programs to rehabilitate skills and improve productivity and introduction of advanced technology, To encourage and facilitate the participation of national and foreign capital in the ownership of domestic and foreign enterprises. The paper presented by the President of the Baghdad Economic Forum Fares Al-Salman, entitled "Maximizing State Resources ... Successful Ideas and Experiences", stressed the need to identify the Iraqi economy and economic doctrine, with an ambitious real vision of the investment map and setting priorities and ways to attract funding. On the aggregate industries and manufacturing industries through public-private partnership - the real private sector is not financially qualified / unskilled labor / challenges of the Fourth Industrial Revolution. Al-Salman called for the establishment of specialized scientific research centers in order to move to the stage of industrial innovation and development, re-evaluate the wealth of Iraq / strategy of perception vis-à-vis every type of wealth, increase the participation of the private sector in the gross national product, Money. Salman pointed to the importance of smart government support by encouraging small and medium-sized industries through the establishment of industrial zones and export support funds, activating the financial sector, insurance, real estate and business services, construction, trade, restaurants and hotels and providing electricity. The paper presented by the Director General of the General Authority for Taxation Abbas, entitled (reform of the tax system in Iraq and its role in maximizing revenues) and reviewed Abbas, 6 strategies proposed for the period (2018-2020) through tax reform missions, which said that it was held with international bodies, The first is to simplify the procedures of the tax system in Iraq, and the second is the credibility in dealing with the tax policy in Iraq, indicating that the achievement of the above objectives either through the budget law or through the amendment of the Income Tax Law. According to Abbas, the strategy No. 1 is based on simplifying the calculation of the tax on the salaries of employees of the state, the public sector, the mixed and the private sector, and the strategy No. 2 regarding the issue of the ten percent pension. This amount is outside the taxable income. (3) is related to the fact that the tax rate in Iraq is low and does not exceed (1) 15%, and therefore should be reduced door Exemptions with the survival rate without increasing the procedure needs to amend the Income Tax Act. A draft amendment to the Income Tax Law has been prepared and is now before the Legal Department and a copy of it is attached to it. The proposal is to deduct these funds in the form of income for the next estimated year. (5) is based on the expansion of the sales tax base. Strategy No. 6 is based on the tendency of the State to increase tax revenues and in order to reduce unnecessary consumption. The fact that sales tax is For taxes in which tax evasion is limited, the Commission has decided to expand the base of this tax and can put these materials in the budget of 2018. The research paper of the Ministry of Industry and Minerals presented by the scientific advisor to the ministry, Dr. Hamoudi Abbas, entitled "Improving the participation of the industrial sector in the domestic product", reviewed the efforts of the Ministry of Industry and Minerals with the aim that the national product occupies its place in the economic life of each member of society, Is a regional competitor in cooperation with the local private industrial sector and its development, which was adopted by the long-term industrial strategy as an active partner and leader in industrial decision-making. Hamoudi said that the allocation of the amounts on the annual investment budget amounted to (3.444) trillion dinars for the period 2008-2014, which had a significant impact in the rehabilitation of some production lines, which led to the increase in production capacity, adding that the national industry and until 2003 was 14% Of GDP. He added that spending about 321 billion dollars for the period 2006-2014 was diverted abroad through import programs that are not studied and that support to the national industry will contribute to stop this waste. The technical agent of the Ministry of Agriculture d. "The role of the agricultural sector in maximizing resources", in which he stressed that the agricultural sector is the main engine of most sectors and activities and is characterized by its sustainability with an actual need for its outputs, and it contributes effectively to the development of gross national income. Our country starts from the agricultural sector as the solid and solid base from which most sectors originate. Al-Qaisi said that the agricultural sector needs serious government care, especially through the protection of the local agricultural product. This requires tightening the control and control of the border crossings to prevent the entry of agricultural materials (plant, animal, feed and other agricultural and veterinary supplies). Especially the Ministry of Finance / General Authority of Customs, Ministry of Interior / General Directorate of Border Ports and Economic Security and the supporting bodies, knowing that the Ministry of Agriculture is working on an annual import plan for the above mentioned materials and taking into account the quantities of Domestic producer to plug the deficit through the standard import. Al-Qaisi also stressed the application of the Agricultural Quarantine Law No. 76 of 2012, the Animal Health Act No. 32 of 2013, the Seeds and Seeds Act No. 50 of 2012, the Registration, Approval and Protection of Agricultural Varieties Law No. 15 of 2014, the Registration and Certification of Pesticides Law No. 47 of 2012, No. 46 of 2012, and not to allow or give any exceptions outside the controls of these laws and instructions in force, and to ensure the application of these laws and instructions in force on all governorates of Iraq without exception. The participants enriched the work of the workshop, with their interventions and participations, which added an interactive atmosphere to the workshop. In conclusion, the requirements for the rational use of financial resources resulted in the management of the workshop, represented by Dr. Majid Al-Suri, who called for a clear identification of the Iraqi economy, defining the strategy of economic and social development and setting the necessary plans for implementing them according to a timetable, Adopted a social market economy). He referred to the importance of bold restructuring of financial institutions in Iraq, especially government banks, including the integration of commercial banks in one bank, as well as all banks specialized in a large development bank, and control of foreign trade and border crossings, land, air and sea, which is a vital area of ​​financial corruption , And an important factor in the obstruction of local production and economic development, and provide an environment conducive to the development of private sector production and service in all areas and work to enable it to cooperate with the public sector.


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