Five-year plan aimed at diversifying the sources of funding budgets

Five-year plan aimed at diversifying the sources of funding budgets


3/10/2014 0:00

Raise the proportion of its contribution in the productive sectors leading indicators
BAGHDAD - Shkran Fatlawi
Targeted economic development plan Five Year 2013 - 2017 construction of the main base for the development process in Iraq by focusing on the importance of creating economic partnership between the public and private sector and identified the contribution of the first b (79 percent) of the total investment of the equivalent of $ 329 trillion dinars, while the contribution of the private sector accounted for (21 percent) of the total investment is equivalent to 88 trillion dinars.
That's what started him talk for "morning," the official spokesman of the Ministry of Planning Abdul-Zahra al-Hindawi indicators of the plan and said it took into consideration the process of gradual transition to a market economy according to the principles of efficiency and competition, pointing out targeted diversification of the economic base by raising the share of other sectors, "the industry - Energy - agriculture and tourism "in the generation of GDP, which has reached the target rate by a year (13.31 percent) and with oil (7.5 percent) without oil.
Formula post
And between Hindawi said given the private sector accounted for 21 percent of the volume of investments compared to 79 percent for the public sector, pointing out not to exceed the rate of contribution to the fixed capital formation (6.4 percent) in 2010 that made him unable to lay the foundations of the economy and the creation of market coherent generates safety for growth Long-term Mattalb raise the proportion of private sector participation in the generation of GDP and find a formula active participation and sustained between the two sectors.
Social goals
He said trying to plan to reduce the poverty gap and make it without (16 percent) and enhancing opportunities for integration between the tracks and the procedural steps strategy also aimed at creating decent work opportunities within the framework of an actor based on the translation of the terms of the policy of national employment through the adoption of a new labor law and raise employment levels to reduce Unemployment down to (6 percent) to 2017.
And contributions in strengthening capacity and skills Hindawi said I have included a plan also provide opportunities to achieve learning environment equal through the expansion of the school building, including covers half of the need list, accompanied by upgrading the infrastructure of health services as well as securing new housing units cover half of the need for the menu (million units) and rehabilitation of aging housing stock.
He targeted women, young people and build their cognitive and Mharria and health to ensure the upgrading of their participation in the system of interactions development and creating an enabling environment lead to significant progress in the quality of life of vulnerable groups and vulnerable and reintegration into society and broaden the base of participation in the construction and development.
Challenges Plan
And on the question of the "morning" about the challenges that went five-year plan Hindawi said there are challenges of economic, social and environmental which explains the low efficiency of the implementation of the objectives of its predecessor, notably the rents of the Iraqi economy as the Activity crude extract assume first place in the generation of GDP and the rate (43 percent) In 2011 the formation of the federal budget revenues (97 percent) and in the structure of Iraqi exports and by (92 percent), which distorts the relationship between income growth and the movement of oil macroeconomic variables in the economy and weaken the degree of cohesion and economic long-term future development.
He added Hindawi also continuing low efficiency of the productive and non-flexibility in responding to the increasing demand for goods in the domestic market and high content import component supply the commodity in the market compared to local content, explaining the so-called "economic exposure", referring to the continuing exposure of the Iraqi economy to the outside world in terms of reduced the contribution of commodity activities in the generation of GDP without oil rate (16.5 percent) and rate (10.6 percent) and distributional activities by (29.8 percent) for the activities of the service to the proportion of the contribution of all activities other than oil (57 percent)
He concluded Hindawi Speaking to a priority plan to achieve fairness and justice in the distribution of fruit on all parts of Iraq and reduce the disparity of development of spatial between provinces, and between urban and rural areas on the other hand pointing to the continued support of the role of local governments in the development of provinces and approved the allocation (14 percent) of the total investment program for the development of the province, which focuses on the activities and services of local and be at the disposal of local governments and distributed according to population sizes.

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