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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Cabinet decisions... a "political grant" without an economic dimension and a failure of the local pr

    Rocky
    Rocky
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    Cabinet decisions... a "political grant" without an economic dimension and a failure of the local pr Empty Cabinet decisions... a "political grant" without an economic dimension and a failure of the local pr

    Post by Rocky Wed 09 Mar 2022, 6:23 am

    [url=https://ultrairaq.ultrasawt.com/sites/default/files/styles/large/public/WhatsApp Image 2022-03-08 at 5.27.11 pm.jpeg?itok=knLcuiZJ][You must be registered and logged in to see this image.][/url]
    Cabinet decisions... a "political grant" without an economic dimension and a failure of the local product
    March 09 2022

    Ultra Iraq - Editorial Team
    Opinions differed about the Cabinet's recent measures to confront the rise in food prices in Iraq and the world.
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    Experts say that distributing cash is a measure that will not solve problems and has no economic dimension
    Several factors converged to raise prices, including the Russian war on Ukraine, the reduction of the agricultural plan, the rise in prices globally, and the lack of sufficient strategic reserves.
    Read also: [You must be registered and logged in to see this link.]
    The council approved a package of decisions related to farmers, payment of their dues, import, customs, and what is related to subsidizing the local product, as well as monthly grants granted for one time.
    Among the decisions, a one-time government grant of 100,000 dinars (less than $70) called a "cost of living grant."
    The grant is distributed according to the division of the Council of Ministers into:
    • Pensioners who receive less than one million dinars per month

    • Employees who receive less than five hundred thousand dinars per month

    • Social Welfare

    • no income


    Political, not economic
    Industrial and economic expert Amer Al-Jawahiri comments on this by saying that "a measure that includes distributing cash will not solve problems, and may satisfy some people who enjoy this amount, but it has no economic dimension."
    Al-Jawahiri and many specialists record his objection, "on the issue of distributing money, because the mere distribution of money to people sometimes seems to have a political dimension, and the purpose of it is to please people, with a government or a certain party." 
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    Just distributing money to people sometimes seems to have a political dimension, and its purpose is to please people, to a government or a certain party.
    He added in an interview with "Ultra Iraq" that "what is required is how to direct this money to help others, to open projects for them or directly expand their activities. When a few trillions of cash are spent, it will not improve the reality of the market, but rather give simple temporary maintenance to people, and they are small sums, It will give them an impetus to buy, and on the contrary, this impetus to buy, is to raise prices.” 
    He continued, "What is required is an important part of these amounts directed to improving services for people. Services are expenses borne by the citizen, and the citizen who has not registered his name in retirement, employee or social welfare, has no source, and suffers, we have to look at how to help business owners start their work and their development.
    Al-Jawahiri pointed out that "it is an opportunity to take action on the draft law on small, small and medium enterprises, and this is a message to the economic committees in the government parliament."
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    Domestic Product Failed
    Experts believe that the local product has not reached a sufficient stage in order to be a major supporter and tributary to the local markets in Iraq, and therefore the local product was not able to provide all the needs, or leave control or observance of prices for locally manufactured products.
    In light of the rise in prices, the Council took a group of decisions in this regard, among which was “cancellation of the banned substances for the purposes of protecting the product from food, consumer goods, and medicines for a period of two months.”
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    These steps will contribute, even slightly, to the balance in the Iraqi market. As for the local product, it has not reached the point where it could be the main supporter or tributary.
    Abolishing the banned materials would make imported products less expensive than those produced locally, and thus the latter's inability to compete, according to experts.
    The council decided to "postpone the collection of taxes on traders who import foodstuffs", as well as "zero customs duties on basic goods such as foodstuffs, building materials and essential consumables for a period of two months."
    Economist Hamza Louay says that "most of the local products that are produced inside Iraq are mainly imported raw materials, and are affected by the process of rising prices globally."
    On this basis, Louay believes in an interview with "Ultra Iraq" that "the abolition of the prohibited materials from my point of view is a positive point, and it is possible to strengthen the existing in the Iraqi market and open up prospects for there to be competition between the local product and what is imported during the period." current".
    The expert explains that Iraq "is going through an economic crisis, a crisis of high prices, and there is a large inflation in prices today, so these decisions may contribute even a little to reducing prices."
    As for the decision to postpone the collection of taxes on traders who import foodstuffs, Louay asserts that "this decision also contributes to reducing prices on imported foodstuffs, which slightly affects the price hike today." 
    He added: "These steps contribute even a little to balance in the Iraqi market, while the local product has not reached the stage that it could be the main supporter or tributary to the Iraqi markets."
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