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Treasures and indebtedness
09/9/2017 12:00 am
[rtl]Thamer Hummis
Debt repayment with high interest makes public debt a great deal for local lenders at a higher rate of economic growth in such circumstances, which account for 70 percent of the total indebtedness; and the challenge now that the enemies of Iraq is growing up and is indebted to the purpose of spreading frustration in the economic and financial circles to continue The migration of Iraqi funds and their non-activation at home was the high purchase of residential units in Turkey, for example; this panic bubble is pushing towards the abolition of industrial and agricultural investment. Outside debt, however, is not a third of what Iraq owed before 2003; domestic debt now accounts for 70 percent of the total debt and any intimidation that is intended on an agenda; the homeless have forgotten that we have $ 30 billion outside the banking system (personal compactness) being polarized.
This treasure, when recycled while softening consumerism by rationalizing consumer imports, will become a positive savings product. The other treasure, which is outside the country, is washed or smuggled with the possibility of legal appeal or traditional methods. It is not a small amount. According to the Parliamentary Integrity Committee, (2003-present). Is it enough that these treasures to cover our debts and increase or become internal loans at least an important element in the positive economic cycle by activating industry, agriculture and tourism? As for the third treasure, the second is the immovable and non-invested money, and therefore it is closer to the sterile hoarding. The lands, buildings and projects that are paralyzed by the government and the waqf are treasures that are being activated in spite of internal and external factors of intimidation.
Tourism, both traditional and religious, flourishes and airports are a sign of this, the issue of its infrastructure coupled with the private sector and its cooperation in constructive partnerships, and thus the promising industry, gradual control of ports and regulation of trade relations with neighbors in accordance with a reasonable trade balance acceptable. These treasures are very worthy of melting our Iraq forward after achieving the will and climbing the ladder uphill above the challenges of the masters. In conclusion, the opening of the horizon opens the horizon for local, regional and international investment, and so on in the field of reconstruction, which will reactivate our economic cycle and emerge from the cycle of imbalances of trade.[/rtl]
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