Economist: Iraq’s exit from the financial crisis requires activating and supporting the non-oil sectors
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The Secretary said in a statement to the Iraqi National News Agency ( NINA ) that "the new government has big tasks to get out of the economic crisis caused by the low oil prices, as Iraq depends on its budget on 95% of the revenues generated from the sale of oil, calling on the government to expedite the provision of support to the private sector To provide job opportunities for the unemployed and circulate money in the production field, indicating that one of the most important sectors that must be taken care of is agriculture, industry, housing, trade, tourism and transportation.
He added: The success of this task requires preventing the import of all materials that can be produced locally, encouraging the export of local products, providing fertilizers, seeds and pesticides for farmers and raw materials for industry, updating production lines and granting loans with easy installments, and the government can attract the largest possible number of unemployed by activating the housing sector and directing In the construction of residential complexes, through the distribution of lands or facilities in granting advances to families and entrusting the construction task to solid local companies that use the local labor force.
He added: After recovering from the Corona pandemic, the government can develop the tourism and transportation sector because Iraq possesses archaeological sites, religious shrines and recreational sites along with Iraq’s geographical location as a link in global trade between East and West, which depends on the rehabilitation of ports, especially the Great Faw port and the railways linking Turkey to Europe, what returns to Iraq in large amounts due to transit fees and transportation fees, in addition to providing job opportunities for tens of thousands of unemployed.
The secretary stressed that the task of combating corruption is one of the most difficult tasks facing the government and it must put controls and measures to reduce it in state institutions.[/rtl]