An open letter to the Prime Minister, Mr. Mustafa Al-Kazemi
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Mr. Mustafa Al-Kazemi, the esteemed Prime Minister of Iraq,
salute your appreciation and respect
In the beginning, I extend my congratulations and congratulations to you on your assumption of the first governmental executive leadership responsibility after obtaining the people's trust in the House of Representatives. I would like to inform you that I am a specialist in economic and banking affairs, and I have previously sent several letters and literature to the former heads of cabinet looking at economic and banking reform, but unfortunately they were not read and interacted with them. I must prove here that the first official in the Iraqi government who cared and discussed with me my vision of reform and supported me and motivated me to continue to give for economic reform is the Governor of the Central Bank Ali Mohsen al-Alaq.
And based on your bold decisions at the beginning of your career. We found it necessary for us economists and finance to support you in drawing the road map for the new government in the economic field. Therefore, I hope that you will study urgent and immediate proposals that can be implemented quickly and strategic solutions that need a period of time exceeding one year, as follows: -
Prompt and immediate treatments:
First - Preparing an emergency budget based on expected revenues from marketed oil for the year 2020, at the minimum price forecast. A monthly balance is approved, and the disbursement is made according to the established priorities.
Second: Reducing government expenditures by 50% for the three presidencies, the House of Representatives, independent bodies, special grades, and special pension salaries, and upwards from the rank of general manager, which includes those who previously worked in these locations since 2003. And excluding the salaries of employees, retirees and social welfare from the reduction.
Third - Securing the funds for dealing with the Corona pandemic to the Ministry of Health.
Fourth ‐ Securing the amounts allocated to the reform decisions that the resigned government committed to implement the demands of the demonstrators.
Fifthly, coordination between the financial and monetary policies to maintain the stability of the exchange rate and maintain the standard adequacy of the foreign monetary reserves of the Central Bank and to determine the rates of internal borrowing and not to go for external borrowing.
Sixth: To stimulate and encourage the private sector and its involvement in the management of the economic process and its involvement in economic decision-making.
Seventh, stopping the import of semi-essential and luxury items, and restricting the import of ration card materials, medicine, and medical supplies, while increasing the food basket for the Iraqi family.
Eighth: Establishing the National Emergency Fund.
Ninth: Exclusion of cadres, economic and health career experiences, and higher education from their referral retirement law implemented as of 1/1/2020. And fixing the special grades who had a fundamental role in overcoming the
economic and financial crisis that Iraq experienced in 2014-2017.
Strategic economic treatments:
First, there is a need for a systematic movement to map a road map for economic reform by Iraqi elites and economic, financial and banking efficiencies and for economic mobility to be based on several important economic pillars that adopt a new methodology for managing the economy and achieving the central goal of creating sustainable development, achieving diversity in resources and developing economic and human structures For the sake of proper building of the national economy and building the premises of the transition to a social market economy.
Secondly, drawing a realistic and ambitious road map that depends mainly on managing and distributing public money in a transparent and fair manner, provided that the beneficiaries are the people’s results and outputs, and the citizen feels that his national economy, resources and goods are dedicated to ensuring decent living as mentioned in the articles of the permanent Iraqi constitution.
Third, the formation of the Supreme Council for Economic Reform to be enacted by a law binding on the ministries to implement its decisions, and it has the power to monitor, monitor, and evaluate, and to be chaired and headed by an elite group of government experts and the private sector. Its first task is to develop policies and mechanisms to diversify the sources of financing the public budget and not to rely on oil only.
Fourth ‐ Moving to the central administration of the economy so that the principle of (centralized planning and decentralization of implementation) is implemented, and this means that the Supreme Council for Economic Reform takes charge of drawing plans and policies centrally and distributes their implementation to specialized councils for reconstruction and investment and the implementation of development projects in the economic and human sphere These councils are: -
* Council Private Sector
* Construction Council
* Small and Medium Enterprises Development Authority
* Public Service
Council * Local Product Support and Protection Council.
Fifthly: Creating and creating the investment climate for local and foreign investors, motivating and encouraging them, and ensuring their contractual rights to attract their capital and protect them from the pressure of spoilers.
Sixth: Providing soft loans to finance small, medium and large projects and establishing a legal and institutional system for managing, developing and developing them, as well as issuing and amending the laws of the legal environment to regulate the economic process. This means issuing new laws instead of laws issued in the year 2004 because of the changes that occurred in the national economy during 17 Public .
Seventh, activating investment in the agricultural, industrial, energy, tourism, services and housing sectors, as well as working to reform, develop and develop the banking sector through monetary policy applications and regulating the relationship and restrictions that govern financial and monetary policies, as well as a serious approach to reforming the tax, financial and customs system. And address cases of failure to achieve the required growth rates in national income and exceed the rise in unemployment and poverty rates.
Eighth ‐ Supporting, developing and motivating the private sector and benefiting from its capabilities, capabilities, capital and investments in building the national economy and involving it in managing the economy.
IX ‐ Developing a new methodology to overcome the challenges of instability in the financial system and the monetary system, and this means developing balanced and coordinated plans to overcome the challenges of monetary policy and the challenges of the deficit in non-oil revenue and the deficit in the balance of payments.
Tenth - rebuilt a new structure for the government apparatus in line with the assertion of centralization in planning and decentralization of implementation, including the adoption of a strict and disciplined market economy system as it is currently practiced in China, according to Iraqi doctrine and experience, especially in economic construction, that depends on the material, natural, economic, and human capabilities of Iraq.
Eleven ‐ laying the proper basis for the transition to the health system in Iraq in terms of the number of hospitals, the number of beds, the number of doctors and those with health professions, the manufacture of medicines and medical supplies locally, the development of expertise, and the attraction of Iraqi competencies abroad.
Twelve ‐ Accelerate the implementation of the e-government program and its coordination with the electronic payment system.
* Economic and banking consultant at the Iraqi Private Banking Association
Sameer_alnosery @ yahoo .com