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Planning: The Development Road and Al-Faw Port projects will provide a high contribution to state revenues
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Added 11/28/2023 - 8:22 PM
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Al-Faw port
Al-Faw port
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Economy News - Baghdad
On Tuesday, the Ministry of Planning reviewed the upcoming five-year national development plan for the years 2024-2028, while confirming that the development road and Al-Faw port projects will change the course of rentierism in the Iraqi economy and could provide a high percentage of contribution to state revenues .
The Undersecretary for Technical Affairs, Maher Johan, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the day before yesterday we held a conference to open discussion after completing basic drafts of the national development plan in partnership with all ministries, private sector entities, and academics. ”
He added, "The plan highlighted challenges on three basic axes: internal social, political, economic and institutional challenges, and challenges of another form, which are what they call external influences ."
He continued, "These axes have a major impact on the course of plans at the country level and the state of uncertainty that the world is going through with the geopolitical situation and climate change as a result of major technological transformations that affect our future and its connection to the future of oil as a rentier state. "
Johan pointed out, "This plan is the fourth after 2003, and we developed three plans, and each plan expressed itself better than the previous one, but our main problem was in proceeding with implementation. This issue has internal and external reasons, but what is required today is to proceed with innovative paths that guarantee implementation and resilience to all circumstances." different ".
He continued, "None of these challenges can be neglected, but the priorities that we have relate to four main programs linked to the government program and the ministerial curriculum presented by the Prime Minister. The first basic program relates to completing, supporting and enhancing programs and projects related to human capital, that is, health, education and upbringing projects and service provision projects." The second program relates to infrastructure linked to the productive sectors of industry, agriculture and tourism, and it is one of the government’s duties to implement it .”
Johan stated, “The third program is the path of economic diversification, and here we move to sectoral interactions in strategic projects,” noting that “the main challenge may begin with governance and good governance, and perhaps in the first stage, focus on radical reforms in digital transformation and structuring financial and banking administration to be of greatest assistance to the state.” in achieving its new path .”
He pointed out, "Iraq is currently witnessing very important strategic projects, as there is a shift to strategic projects with intersecting sectors, such as the Al-Faw port and the development road, and these projects can change the course of the rentier Iraqi economy, and thus projects that provide a high percentage of contribution to the state's revenues and gross output, which is what it seeks." Development plan .”
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Added 11/28/2023 - 8:22 PM
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