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[size=36]A government expectation that Iraqi crude oil production will exceed 6 million barrels[/size]
Economie| 02:45 - 12/10/2021
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Baghdad - Mawazine News,
the financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected, on Tuesday, the recovery of the Iraqi economy during the next five years, and crude oil production exceeding 6 million barrels, while stressing the need to legislate the partnership law between the state and the private sector.
Saleh said, according to the official agency, that "the Iraqi economy will coexist strongly with the cycle of oil assets, as global demand for hydrocarbons will increase with the high growth rates in the global economy, and the epidemic represented by the Corona pandemic will enter the cycle of inactivity and inversely with the growth of energy markets."
He added that, "Based on the foregoing, Iraq will produce more than 6 million barrels of crude oil, boosted by undoubtedly high returns," explaining that "such a major change in Iraq's financial flows undoubtedly requires a broad and effective development programme."
He pointed out that "this development program is implemented in two tracks, the first is to reshape Iraq's infrastructure in its trans-provincial strategic forms, especially ports, railway networks, land transport and the digital economy. Represented by: drinking water, sewage, electricity and paving roads.
He pointed out that "one of the direct tasks of the state is to monitor the appropriate allocations in the investment budget, which should be described in detail in a solid five-year plan for the reconstruction of the physical infrastructure."
He continued: "As for the second development track, it turns to the state's role in developing market institutions, both production and service, which requires the development of the legal and regulatory infrastructure that promotes market institutions by spreading partnership between the state and the private sector and entering into the social market system, which requires the establishment of a facilitating system for registering companies, and is linked to This issue is motivated by two things, the first is to provide soft development financing through a government or government-supported national development fund, and loans are granted to emerging and successful companies, even if they are small, provided that successful companies obtain tax exemptions whenever the added value of the activity increases and the operating rates increase.”
He pointed out that "the second matter is the reorganization of the labor market towards limiting the labor force and describing its skills and the geography of its work, by creating a national number and an advanced digital system to identify workers in the private sector, to be prepared in cooperation between the Ministries of Planning, Labor and Social Affairs to map the Iraqi labor market, including It enables knowledge of supply and demand functions and labor market stability by identifying employment levels and actual unemployment rates.
And he indicated that "the issue also requires generating an atmosphere of homogeneity in the labor market itself between workers in the private sector and workers in the state, which requires the availability of high flexibility in the transition between jobs between the two sectors and according to need, provided that a joint and unified national pension fund be available for workers in the state and the private sector alike." Whether without discrimination, as well as providing acceptable limits for homogeneity of wages and salaries according to the skills of workers in the state and the market.
He stressed that "it has become appropriate to legislate the law on partnership between the state and the private sector, which has been submitted to the House of Representatives for years, to speed up its legislation, provided that it provides a balance in rights and duties between the participating parties in full swing and enhances governance, productive efficiency and operating the economy with a strong impulse that will inevitably require the five great years of Iraq's development." Really coming.” Ended 29/A 43
the financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected, on Tuesday, the recovery of the Iraqi economy during the next five years, and crude oil production exceeding 6 million barrels, while stressing the need to legislate the partnership law between the state and the private sector.
Saleh said, according to the official agency, that "the Iraqi economy will coexist strongly with the cycle of oil assets, as global demand for hydrocarbons will increase with the high growth rates in the global economy, and the epidemic represented by the Corona pandemic will enter the cycle of inactivity and inversely with the growth of energy markets."
He added that, "Based on the foregoing, Iraq will produce more than 6 million barrels of crude oil, boosted by undoubtedly high returns," explaining that "such a major change in Iraq's financial flows undoubtedly requires a broad and effective development programme."
He pointed out that "this development program is implemented in two tracks, the first is to reshape Iraq's infrastructure in its trans-provincial strategic forms, especially ports, railway networks, land transport and the digital economy. Represented by: drinking water, sewage, electricity and paving roads.
He pointed out that "one of the direct tasks of the state is to monitor the appropriate allocations in the investment budget, which should be described in detail in a solid five-year plan for the reconstruction of the physical infrastructure."
He continued: "As for the second development track, it turns to the state's role in developing market institutions, both production and service, which requires the development of the legal and regulatory infrastructure that promotes market institutions by spreading partnership between the state and the private sector and entering into the social market system, which requires the establishment of a facilitating system for registering companies, and is linked to This issue is motivated by two things, the first is to provide soft development financing through a government or government-supported national development fund, and loans are granted to emerging and successful companies, even if they are small, provided that successful companies obtain tax exemptions whenever the added value of the activity increases and the operating rates increase.”
He pointed out that "the second matter is the reorganization of the labor market towards limiting the labor force and describing its skills and the geography of its work, by creating a national number and an advanced digital system to identify workers in the private sector, to be prepared in cooperation between the Ministries of Planning, Labor and Social Affairs to map the Iraqi labor market, including It enables knowledge of supply and demand functions and labor market stability by identifying employment levels and actual unemployment rates.
And he indicated that "the issue also requires generating an atmosphere of homogeneity in the labor market itself between workers in the private sector and workers in the state, which requires the availability of high flexibility in the transition between jobs between the two sectors and according to need, provided that a joint and unified national pension fund be available for workers in the state and the private sector alike." Whether without discrimination, as well as providing acceptable limits for homogeneity of wages and salaries according to the skills of workers in the state and the market.
He stressed that "it has become appropriate to legislate the law on partnership between the state and the private sector, which has been submitted to the House of Representatives for years, to speed up its legislation, provided that it provides a balance in rights and duties between the participating parties in full swing and enhances governance, productive efficiency and operating the economy with a strong impulse that will inevitably require the five great years of Iraq's development." Really coming.” Ended 29/A 43
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