Raed Al Hashemi .. writes: the perfect style to deal with our economic problems

Raed Al Hashemi .. writes: the perfect style to deal with our economic problems

Date Added: 10/02/2017 time: 12:12:24

Iraq from dealing with economic problems when they occur and start looking for solutions to address the problem and reduce their effects and try it out with minimal losses states did not think our governments days to anticipate the danger before it happens due to the lack of economic and financial proper scientific planning, and if we are to achieve it must start racing from now using scientific competencies and expertise in the field of economy, finance and speed up Bzjha in leadership positions of economic workshops in the country and the removal of emergency party figures that have been placed in these positions because of sectarianism and party quotas, which brought us and the economy A mass because of their ignorance of the basics economy and money, though this action will begin a new stage of sound scientific planning and the development of the Iraqi economy on the road to survive and develop economic and financial all three types of development plans (short, medium and long) term and develop the right mechanisms for proper interleave between these plans to create development sustainable pay the Iraqi economy forward and create a state of stability in the country, even if we take the dire economic situation of Iraq in 2015, the situation has reached the danger and budget almost empty state stage and become unable to meet all the requirements necessary for the country, and here must Right decision and proceed from now developing two main and work on them together without any separation between them because they are equally important, namely:

1. Study the current problems of the year 2017 budget and the development of rapid and successful solutions to overcome the crisis by using available scientific solutions for it.

2. Put the right solutions and scientific plans for the budgets for the coming years and draw the right steps to anticipate the danger and prevent it in the coming years.

If what has been developing and installing these two objectives we will be able treatment to the problem of this year and we are working to prevent or minimize the risk of falling into similar problems in the coming years and to take advantage of the diagnosis of our mistakes that we signed them and try to avoid them in the future and this is not difficult , but needs a real intention to reform and the use of science, because economic problem , whatever the type and size they are part of a broad knowledge of economics is the science of the many branches of this science has dealt with all kinds of economic problems that have occurred and occur in the world and navigate economists and experts to shed light on these problems and put scientific theories wa Guetrhawwa effective to overcome these problems , solutions have relied on various countries of the world experiences that have passed these problems and Ohbaoha study and analysis of scientifically devised sound solutions for the purpose of benefiting them by States which are located in these problems in the future scientific libraries replete with thousands of resources that belong to this area.

Also known to specialists in the economic side , there are many solutions to the economic to our problem , which Nmrabha in Iraq, for example , recourse to external borrowing and internal to bridge the budget deficit, but there is an important warning red line must be drawn to him and he (the borrowing for the purpose of bridging the consumer spending is a mistake serious and increases the size of the problem and exacerbates) the right condition to resort to this solution is (to be borrowing for the purpose of creating new income - generating economic projects to the budget) and thus contribute to solving the problem and at the same time covers the significant benefits arising from borrowing. Another solution is the available is the local treasury bonds issued by the Central Bank of Iraq and urged local banks to buy these bonds as guaranteed government securities and then are these banks to absorb excess liquidity in the central bank, which represents the heads of fixed funds to those banks and deposited with the central bank, which is one of the main conditions for the establishment of any bank where the cash will contribute significantly to the recovery of the market and trigger a recession happening in the market and reduce the momentum on the budget and reduce the risk of the problem. Other solutions available is that the budget withdrawals or borrowing from the Federal Reserve Central Bank of Iraq represented by cash and gold to fill the budget deficit and this solution is used by many countries when they pass such a problem, but in Iraq is this solution is currently available and elusive because of the laws that package It has been modified in the Iraqi Constitution, which guaranteed the independence of the central bank for the purpose of preventing any government or head of the disposition of this reserve is qualitative and personal diligence as was the case in previous periods, and if the government wants to resort to this solution , it should resort to power For the purpose of legislative amendments to the Law on the Central Bank and this needs a long time. One of the important solutions that the government must follow is to reduce government spending on a smaller scale, especially consumer spending and inventory spending are essential and which can not be overcome, including, but not limited to salaries and spending on financing security cuts to ward off the danger Balblad.mma the progress the great challenge for the government It needs a real intention to resolve the problem and the extensive study of the problem and draw the correct scientific plans and the fight against corruption in all state rings, which reached alarming rates and contributed directly to our arrival to the deteriorating economic situation and the steps were not fast government And its decisive in achieving all of these solutions, the situation will become ill and things are out of control.