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Planning: Four challenges facing the five-year development plan
Iraq 12/28/2023
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Baghdad: Rula Wathiq
The Ministry of Planning indicated that there are four challenges facing the five-year national development plan 2024-2028.
Undersecretary Maher Johan Hammad told Al-Sabah: The first challenge is economic, which is represented by continued dependence on oil and its revenues, weak financial sustainability, in addition to an imbalance in the public spending environment in favor of commercial, the specific partnership for the private sector, and the strong impact of external factors on the economy.
He explained that the other challenge is social, through the high population growth rate to 2.5 percent, and the difficulties of investing in the demographic opportunity that opened its window this year with an increase in the percentage of the population working at a rate of 60 percent, in addition to the increase in poverty rates and the exacerbation of its chronic conditions in some governorates. Social protection systems complain about the weakness of the targeting and coverage system.
Hammad pointed out that the third challenge is environmental, with the continuing repercussions of climate change, increasing environmental degradation, increasing rates of environmental pollution, containing the environmental impacts of food security, and confronting the repercussions of the food security threat.
He added that other challenges related to the institution include the lack of integration of the government’s approach, the abstractness of development action, the lack of entrenchment of the planning culture in state institutions, the lack of interaction of legislative frameworks supporting the development planning process, as well as the lack and inadequacy of institutional and individual capabilities.
Hammad stressed that the plan assumes the continued fluctuation of global crude oil prices and exchange rates in the market, the exposure of the local economy to shocks, the integrative approach to macroeconomic policies, and the low level of international support due to local circumstances and international crises, in addition to relying on oil revenues as a gesture for government investment in increasing proportions and the emergence of demographic and social crises and shocks. And healthy.
He explained that among the strategic directions of the plan and responding to its objectives is to strengthen economic reform trends to ensure readiness for the shift towards new patterns of consumption, production, work and interdependence, noting the improvement of people’s conditions and ensuring that they do not fall behind in the development process, especially the poor and vulnerable groups, and enhancing the processes of building human capital.
Hammad pointed out that the path to comprehensive development of education and health systems, and achieving a balance between the three dimensions of sustainable development is through ensuring a sustainable economic growth rate, equal opportunities for all, protecting the environment, improving governance of government performance, positive economic interaction with neighboring countries, and increasing the volume of exports with regard to improving the trade balance.
Edited by: Adhraa Juma
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