International Monetary Fund: Iraq's economy will improve in 5 years
21/5/2018 12:00 am
[rtl]The program 's credit path optimization
Baghdad / Emad Emirate
International Monetary Fund predicted that Iraq failed to curb public spending and control of the financial inability to maximize its resources and non - oil, while maintaining the level of economic performance is acceptable through a number of economic indicators for the years 2016/2022.
"The estimated program agreed between Iraq and the International Monetary Fund, and expectations of the economic and financial situation until 2022, indicate that the Iraqi economy will move towards achieving the credit ceiling of the Fund.
"The gross domestic product, which fell from 234.6 billion dollars in 2013 to about 171.7 billion dollars in 2016, because of the decline in oil prices in that year," and expected to "return to increase the value of GDP in the coming years to reach about 256 billion dollars In 2022, after the improvement in oil prices and increase the quantities exported to more than 4 million barrels per day and a barrel of exchange. " Real output continued, expectations indicate that the "citizen 's share of GDP began to rise from $ 4533 in 2016 to about $ 5806 in 2022, the rise in real output rates to 2.1 percent in 2022, and the rise in real output of non - oil from the negative rates of rates over the years 2014/2016 to about 4.1 percent in 2022. " Pressing expenses
"The measures by which the government seeks to maximize revenues and pressure public expenditure will boost public revenues, which will increase in accordance with the expectations of the International Monetary Fund in the coming years to reach 33.1 percent in 2022," he said. Non-oil revenues For his part, said the academic economist d. "According to forecasts, public revenues will return to a higher percentage of GDP as a result of the relative improvement in oil prices and an increase in expected export capacity over the next five years, which is reflected in the increase in oil revenues that have taken the same direction as the general federations ."
He stressed in an interview for "morning" that "non-oil revenues are found to take the expected improvement according to the reform program committed by the government to the International Monetary Fund to increase the proportion of the lowest level in 2014, which amounted to 2.1 percent to about 5.5 percent of gross domestic product in 2022" . Deficit reduction added Hisham "for public expenditure Vtaatouka IMF indicators fall to 31.1 percent in 2022, which can be through this reduction to reduce the deficit in public budgets and to achieve a balance between revenue and expenditure." He pointed out that "the biggest reduction will be not in current expenditures, but in the capital expenditure, which is expected to decline from 22.6 percent in 2014 to no more than 8.6 percent of GDP in 2022, which will reflect the government's ability to develop public services and infrastructure "He said.[/rtl]
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