Finance Minister: Previous governments squandered the financial abundance in appointments

[size=52]Finance Minister: Previous governments squandered the financial abundance in appointments[/size]

[size=45]Finance Minister Ali Abdul-Amir Allawi confirmed that Iraq wasted its financial abundance in expanding its employee base, denying the existence of American pressures in imposing the white paper, and talking about the danger of switching to alternative energy at a time when the country is still completely dependent on oil.[/size]
[size=45]Allawi said in a television interview, which was followed by (Al-Mada), that "Iraq enjoyed a great financial abundance for the period between 2009 and 2013, but there are no clear economic policies to deal with this abundance." He added, "The oil resources only turned into appointments in state institutions, and the projects that were established during that period, no one can mention them at the present time."[/size]
[size=45]Allawi pointed out that "the projects that took place during the royal era still have their impact until the present time, such as dams and roads, unlike the projects that were established after 2003." And he stated, "The financial abundance was used to expand the base of employees within the country, and this method does not lead to positive economic results." Allawi noted, "Those who object to the white paper adopted by the current government change their opinion as soon as they have a dialogue with them regarding its content." He stressed, "The allegations that the white paper is to adopt projects that radically change Iraq's identity and are imposed on it by the United States are false and empty talk."[/size]
[size=45]Allawi stressed, "The project is an Iraqi national, whose purpose is to strengthen the capabilities of the state as a whole, and to direct the economy on the right path." He finds, "The main problem in Iraq is that the economy-based apparatus, which is the government, has failed to perform its duties for many reasons, and the issue is not only related to the political aspect." Allawi spoke of the need for "the administration to self-develop and rise to responsibility, and therefore it can be said that the main goal of the white paper is to reform the state's public administration and then public finances."[/size]
[size=45]He stated, "The economic situation in general is going through a phase that has not been seen in 100 years, because the world has begun to develop from fossil fuels to alternative energy."[/size]
[size=45]Allawi added, "This transition does not happen every day, but can happen once in 100 years or more, as happened in previous eras when energy changed from wood to coal and then to gas and oil, and we are living today with a transition to alternative energy." “. And he continues, "Oil is mainly relied upon to drive wheels through its derivatives, but after 2030 the wheels will work with electricity, which today began to change their hubs from traditional fuel."[/size]
[size=45]Allawi believes, "These indicators are dangerous for a country that depends entirely on oil exports," and he went on to say that "Iraq is the country most affected by the global economy, and any destabilization of oil prices has a negative impact on us."[/size]
[size=45][You must be registered and logged in to see this link.]