The plan explained: Economic development. First tariffs, next increase the exchange rate.
Expert: economic diversification need to be bolstered by the pillars
BAGHDAD - thank Fatlawi
noted economist that the economic construction, whether public or private sector is based on the fundamental pillars of the substrate to create economic diversification and growth, including contributing to the revitalization of the economic movement.
He described the economic expert harmful Sepahe in his "morning" infrastructure and raise development indicators Human and production of electric energy and the creation of legislative and legal environment, the basic pillars of any economy looking for diversity and a shift towards a specimen market economy.
He added that the domestic sector suffers sockets in monetary policy resulting from the installation of the dollar exchange rate low rate supports importing domestic product account, describing it Palmaouk in front of the private sector It is the so-called economically global openness and dumping commodity pointing out that this dumping treated controls including the activation of the customs tariff and make the exchange rate dynamically commensurate with the economy and the income of the state and with the global market.
He explained that the income from Iraq's oil was up to 90-100 billion dollars and is expected to fall to 50-60 billion dollars, pointing to the inadmissibility of the dollar in the same value that it was referring to the need to make changes in the economic situation are strongly linked to the Iraqi currency not force where oil may not be the same value of the dollar, which had a 1166 dinars, he said. He noted that the change in the exchange rate works to raise the incomes of the state of the local currency as well as it helps to support the local industry process and create competition between imported indicating that the local product is currently suffering from the competition of imported last fact supported by Atar.ocd that exchange-rate appreciation will affect the purchasing power of citizens, adding that at the same time will have a positive effect on domestic production and increase employment and absorb unemployment as well as it will increase the income of the citizens on the other. Sepahe and pointed out the importance of not neglecting the important aspect of a mixed sector for the success of the transformation process, pointing out that this sector be treated as the private sector and accountable public sector accounting.
and the need to reconsider and to support this sector, the fact that the budget laws to be the procurement process for the ministries of the public sector and not mixed, which works to create a gap between the two sectors and thus impacts on economic growth, which operates the state at the present time.