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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Neglect of the private sector and its impact on the deterioration of Iraq's economy

    Rocky
    Rocky
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    Join date : 2012-12-21

    Neglect of the private sector and its impact on the deterioration of Iraq's economy Empty Neglect of the private sector and its impact on the deterioration of Iraq's economy

    Post by Rocky Wed 12 Jul 2017, 2:23 pm

    Neglect of the private sector and its impact on the deterioration of Iraq's economy

    July 12, 2017

    Iraq's economy is suffering from a serious structural imbalance caused by the dominance of the public sector on the various joints of the institutions and the economy, which led to the exhaustion of the state budget and poor efficiency and outputs of public institutions, the labor market and the deformation of the country and the involvement of most of the manpower within the state institutions and the reluctance of others on the orientation of the liberal professions, as well as rampant corruption in all joints of the government, making the government seeks to rely on the private sector in the management and delivery of services to citizens.

    Said a news source in a statement that "economic activity and the country's financial Atekz on one sector (oil sector) vulnerable to the vagaries of external forces controlled oil prices."

    The source said that "in recent times, because of the decline in crude oil revenues, exports the subject of public sector partnership in the private sector public policy agenda because of what ails the state of financial difficulty it difficult to continue to fund loss-making government projects for years."

    The source said: "The government is looking for new engines for development and employment generation due to the failure of the oil revenue engine in achieving sustainable economic development."

    The source said: "The government has failed its institutions huge in the services file management despite billions of dollars spent by previous governments in this context, followed by the search for the current work rules in favor of the involvement of the private sector in the rehabilitation and maintenance of infrastructure and conditions that ensure the protection simple increase prices and wages citizen" .


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