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Call for reforming the general budget and diversifying its revenues
02/4/2018 12:00 am [rtl] Baghdad / Imad Al-Amara The control of the state budget and ensure the continuity of the effectiveness of the state's financial activity in economic activity and social life on the factors related to the coordination of public revenues with expenditures that are linked to fiscal policy, which is an important part of economic policy.Economic Dr. Imad al-Ani between the importance of being Reforms in the state's financial activity are based on fiscal policies stemming from the actual needs of society. Al-Ani said in an interview with Al-Sabah that reforms should be in accordance with the economic, social and political conditions in the society, and this does not negate the importance of working to achieve the efficiency of public spending and ensure that this expenditure goes to the purpose assigned to it. Financial Reform Al-Ani pointed out that "basic services such as health and education may be available at appropriate rates and qualities, but for certain reasons the poor can not enjoy their advantages because they are too poor to bear the costs of medication or move to the place where these services are located." Financial reform process ". The private sector stressed that "reducing the budget deficit and reform begins with the reform of the public finance sector by working on reforming the private sector and activating its role and make it a more productive sector and committed to long-term investment, and directing it towards real productive activities instead of non-productive activities and rapid profitability." "In order to achieve this, it is the duty of the government to provide an environment conducive to private investment and attract foreign investment by adopting a set of amendments in the existing legislative and regulatory environment to allow equal opportunities for all and high transparency, as well as increase non-oil revenues by starting to exploit resources available from mineral resources In particular natural gas in a way that achieves the largest possible revenues, as well as raising the level of management of the state's public property, land, real estate and other properties in terms of efficiency and efficiency. " Money bills Al-Ani called for "the establishment of free zones and the optimal exploitation of the geographical location enjoyed by Iraq," adding that "the reforms also include the management of public institutions and companies according to economic fundamentals and modern accounting standards, and supply of government share of surplus profits first Powell, Budget financing, as well as its role in the national economy. " He explained that "the stock market represents a large space for the work of fiscal policy to affect the overall financial and monetary variables, especially the rates of inflation and interest rates and exchange rate of the local currency, and it also gives room for the application of more efficient and effective monetary policy through the Central Bank. "At the same time, the government bond market offers the opportunity for the monetary authorities to achieve many benefits related to the functions and activities of these authorities. The most important of these benefits and advantages is that the existence of bond markets helps to shift towards the use of indirect instruments in the management of monetary policy, Open, and these, as a whole, indirect factors in the interest of the general budget of the state. Sophisticated methods certainly concluded al - Ani , his speech on the importance of " the adoption of technology in public spending, ie , the use of modern technology and methods developed for the distribution of public money better by measuring the yield of this spending, what contributes to the transfer of money from spending non - product to the product of an economic cost - effective spending."[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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