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Attention to tourism and the production of the most prominent means of financial reform
11/10/2017 12:00 am [rtl]The budget deficit is shown when the expenditure exceeds total public revenues Baghdad / Imad Emirate The process of reforming the public finance sector includes a set of measures and measures to address budget, expenditure and revenue deficits. The state works to improve public spending and use new technology to optimize its resources and reduce unjustified spending without harming the poor. Calls for diversifying revenues and reducing dependence on international oil prices in financing the public budget; this calls for - according to specialists - to carry out a set of tasks and more effectively. Structuring revenue academic economist , Dr. Imad al - Ani confirmed the "morning" the need to restructure the public revenues being dependent only on oil revenues, and think about the strategy clear to activate other productive sectors that can provide government revenues and private agricultural sectors and Alsnaaa.obin al - Ani said the main problems faced by The budget in Iraq lies in government spending, which requires a more disciplined and achieves the required goals. They call for the use of a special technique to control and optimize spending in order to obtain the highest productivity for public spending in terms of financial and economic returns. Social issues. Al-Ani added that the impact of external shocks on economic activity has put pressure on public revenues, especially the changes in global oil prices, resulting in the instability of revenues, which constitute oil revenues, the largest part of them, as well as crises affecting the global economy such as the recent global financial crisis. Al- Ani pointed out that the reform of the financial sector contributes to reducing the budget deficit by starting to exploit the available resources, especially mineral and natural gas, to achieve the largest revenues. He pointed out the need to raise the level of management of public properties of the state in terms of efficiency and efficiency. The geographical location of Iraq and more attention to religious tourism, and the management of public institutions and companies according to the economic fundamentals and modern accounting standards and supply of the share of government surplus profits first Powell is the most prominent means of reform of the financial system. The general budget represents a document that includes estimating government expenditures and estimating the revenues needed to finance them and their sources for a future year in order to achieve specific economic and social goals according to economic policies or plans that reflect the state's philosophy of managing the economy. The academic economist d. Qusay al-Jabri explained to the "morning" the importance of the general budget for citizens, it shows the projects and services to be provided by the state and the means of distribution of wealth to the groups of society. Al-Jabri hinted that it represents the work program of the Executive Authority for the coming year, as well as being a tool of control of the legislative authority on the work of the executive authority in terms of the legitimacy of spending money on the basis of assignments and verify the efficiency and effectiveness of this spending. Al-Jabri said that the government budget can work to distribute the output between consumption and investment, and to affect economic objectives by providing the incentive to increase or reduce production in certain economic sectors by directing allocations to priority sectors according to the economic policies followed. He added that the general budget aims to reduce volatility and achieve economic stability through the so-called automatic stability tools in the structure of the budget, as well as the possibility of being used as an effective tool to correct structural imbalances in the balance of payments. The budget deficit is shown when the total expenditure exceeds total general revenues in a given year, while the surplus is realized when the opposite occurs. Moderate balance He added that if the public revenues are equal to the public expenditures then the budget will be balanced, and the government should balance its expenditures and revenues, in light of the funding options available to them, such as financing government bonds or funding issuing cash. Al-Jabri said that the budget deficit is determined by economic factors and variables requires On the economic file taken into account in the formulation of fiscal policies to achieve internal and external balance, stressing the need to diversify sources of income so as not to be the Iraqi economy depends on fluctuations in crude oil prices and policy affecting the global oil market By stimulating export support policy and moving towards investment in the real sector. Al-Jabri called for providing an environment conducive to attracting foreign investment through the enactment of appropriate legislation and laws to stimulate foreign investment and providing adequate guarantees through the adoption of the method of partnership between the foreign investor and the local investor, while maintaining the Iraqi identity to activate the role of national capital to integrate with foreign capital High growth rates, the privatization of losing projects that are a burden on the Iraqi budget, and support to the private sector to increase its contribution to the composition of GDP[/rtl] [rtl][You must be registered and logged in to see this link.][/rtl] |
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