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Iraqi economy .. and the need for reform
2/12/2017 0:00
[rtl]Adnan Kanani
As is known to all, that the Iraqi economy is built on oil resource which provides about 98 percent of its revenues, and we do not have any other resource on the horizon.
This distorted the situation hardly see in any oil of another country, so the protection of this resource is the most important priorities of our economic policy, in the sense that the economic sectors involved and the features of the economic system had not stabilized yet despite the passage of 14 years, and the reason is that Iraq faces the tasks are complex and interrelated, some of them related to the legacy of the past .. it is clear for all it 's heavy legacy as a result of war and the consequences of the economic blockade and financial mismanagement.
And others , we can say: the desire to make economic reforms that ensure the creation of macroeconomic mechanisms in order to achieve the objectives of the current phase.
Thus the current economic structure is an extension of the past . There were no significant changes occur, in terms of industry, agriculture, investment and insurance sectors have fallen and others and the disappearance of her role in the movement of the Iraqi economy , which is in dire need of activation, and became the public sector is unable to lead the national economy, the spread of the phenomena of strange and improper in economic performance, with high clear and noticeable in the percentage of support in the general budget to make up more than 50 percent of the spending
year.
A phenomenon that is common in both developing and developed Aktraloguetsadiat, as well as the high unemployment rate annually by more than 28 percent of the workforce , where appointments stopped in the budgets of the years 2014, 2015 and 2016 and 2017 and increased battalions of unemployed , which led to the increase in non - positive and migration phenomena among young people in order to get to the top of a well - off outside the home.
As well as the instability of income despite the improvement in salaries and wages , but the government has resorted to the imposition of duties, taxes and ratios big on state employees and pensions to withhold policy is creating a state of resentment and discontent among the citizens, and as a best would have required it to the concerned authorities to reduce the salaries and allowances of presidencies
three.
We should also point out the importance of adjusting the financial and monetary policies and control the movement and behavior of the government and private banks to participate actively in the Iraqi economy development, but there 's acquiescence in the lack of accountability on the repeated breaching banking standards, but support by maximizing the financial resources of the profits from participation in the auction currency , which has the conservative viewpoint on doing.
The current phase after the approval of the state budget austerity for 2017 requires seriousness and courage, not to back down no matter what challenges a rapid economic reforms relating to the problems of citizens ' lives and incomes package and solving the unemployment problem and basic services as soon as possible and without
hesitation.
Of making basic economic Allaslahat at the level of structures and frameworks, and this requires seriousness in the implementation of market economy mechanisms are parallels with the role of the state and we believe that this is the essence of economic policy at this stage.
As for the private sector 's role in this whole process, they need us to encourage him and support him and Nzjh in the areas and projects are used as if the first in the construction sector booming Noama at the present time, and set professional standards and clearly prohibit all forms of corruption, it is searched to find effective legal mechanisms to be drafted clear in close cooperation in various fields to the national interest and the reconstruction of the country with full transparency and sustainability.[/rtl]
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