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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Financial Reform of Iraq for the years 2018-2020

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 267081
    Join date : 2012-12-21

    Financial Reform of Iraq for the years 2018-2020 Empty Financial Reform of Iraq for the years 2018-2020

    Post by Rocky Tue 22 Aug 2017, 3:32 am

    Financial Reform of Iraq for the years 2018-2020



    22/8/2017 12:00 am

    Adnan Al Janabi
    Dr. Mohamed Saleh published on the network of Iraqi economists a paper entitled "Financial Strengthening of Iraq: Vision for the years 2018-2020". As usual, our Galilee professor puts before us his academic weight and practical experience as the most important economic adviser to the government. (I)
    Do not argue with Dr. about the description of the bug in the economy "rentier".
    "The burden of the war on terror and the burden of reconstruction requires an aggressive fiscal program to rebalance the economy and the fiscal balance" of the treasury.
    However, Dr. Saleh's proposals in the "Adaptation and Financial Consolidation Approach 2018-2020" need to be reconsidered because most economists in the rentier countries fall in the wrong call to balance by increasing the share of non-oil resources in national income
    . In Iraq, for example, all the attempts made since 1961 to date have only deepened the rentier dependence in an inevitable spiral out of them because of the nature of the rentier states.
    Salvation is to Ekman in re - raking all the treatise on the subject, has not left the door only ways economists, and the whole is lost in a mirage illusion in front of the dynamics of the rentier state , which makes it imperative to deepen the rentier dependence which private him not to demolish the foundation upon which the rentier economy of the four components of :
    1 - the main income of the economy Of oil exports.
    2. The value added and local labor do not constitute a small percentage of the total value of oil exports.
    3 - Oil revenues come from abroad.
    4. The rent income goes to the government. So what is the solution?



    The solution is to overthrow the state rent equation and turn it into a state that is charged with giving oil income to the citizens with a universal basic income, and financing the state budget through a tax imposed on citizens. In terms of the medium, Article "111" of the Constitution states that oil and gas belongs to the Iraqi people, and this is an appropriate entry to overthrow the equation of the rentee state.
    In practice, it is possible to start the 2018 budget by the following steps:
    First: Collect the following paragraphs and convert them into a comprehensive and equal cash balance to all resident citizens on the basis of the record of the families of the ration card:
    1 - Sale of crude oil to domestic consumption at the external market price, - $ 8 per barrel.
    2 - Suspension of allocations ration card and social guarantees and converted to the share of comprehensive basic income.
    3 - Remove electricity allocations from the budget starting in 2018 and pay the electricity sector for self-financing "with the provision of gas at cost."
    Second: Freezing oil allocations for subsequent budgets "2019 and beyond:. At the price and quantity of 2018 and the conversion of each increase in price and production to the reserve fund "Sadiq Fund" and the development of comprehensive primary income "UBI". And linking it in the future with oil revenues outside the
    budget. Sources 1 "Dr. Mazhar Mohammed Saleh [You must be registered and logged in to see this link.] " 2 "Adnan al-Janabi Salvation from the state rent - Iraqi studies 2016.

    [You must be registered and logged in to see this link.]

      Current date/time is Thu 28 Mar 2024, 1:31 pm