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Iraqi sovereign fund
04/11/2017 12:00 am [rtl]Thamer Al-Hims Official government trends in economic reform are becoming clearer and clearer, as we see through international institutions, which contribute in practice to their loans and grants to make Iraq better in the face of the destruction of the da'is and the consequences of projects destroyed by corruption. The Iraqi sovereign fund may be considered by virtue of the fact that it is currently under establishment and may not be fully in accordance with international economic standards. However, it will be ready and highly flexible in the service of the national economy in order to prevent fluctuations in oil prices and free the Iraqi economy from dependence on international prices and negative effects on the budget. in general. The experiences of the world in different economies reflect the strength or weakness of the economy in the light of the strategies that define its level, such as the transformation of oil resources into an integrated project managed by the Fund's sovereign economists up to the Generations Fund to meet local and international prospects such as Norway and other countries that manage their funds. The Iraqi experience may be unique. There are strategies on the table, but what distinguishes the Iraqi situation is that oil, despite being very depressed, there are those who say that it can not be betting to be financed by this fund and we are in the midst of loans and budget deficits. Therefore, it is essential that the resources of the Fund, which will compensate for the shortfalls of financing the rest of the sectors, are essential for us to search at home through sources that are not activated. Neglecting this will have undesirable results, which over time will become a hindrance to the economy. There are steps to be taken in order to govern these inactive sources and to program them into the sovereign fund. These are the follow-up of public funds and imports and retroactively, and the fight against corruption in order to provide substantial sums to the sovereign fund. It is also necessary to resolve the double salaries and subsidies, and to issue a unified civil service law that bridges the gap between the special salaries that started with special laws and the regular salaries. These figures are not modest as they appear in the operating budget. It is also important to review the inputs and outputs of the three endowment offices and to draw up a policy of spending and transparent budgets, in addition to the importance of religious tourism for its prominent role in financing the sovereign fund because it is increasing with the days, and here we can bet on human and local resources as an alternative to or complementary to traditional resources.[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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