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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


    An Economist Proposes 8 Solutions To Find Additional Resources Outside The Rentier Framework

    Rocky
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    An Economist Proposes 8 Solutions To Find Additional Resources Outside The Rentier Framework Empty An Economist Proposes 8 Solutions To Find Additional Resources Outside The Rentier Framework

    Post by Rocky Sat 18 Jun 2022, 5:32 am

    [size=38]An Economist Proposes 8 Solutions To Find Additional Resources Outside The Rentier Framework
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    LAST UPDATE 06/17/2022 | 6:53 PM
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    Information/Baghdad...
    Today, Friday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified two guarantor pillars for investment and operational production, while offering 8 solutions to find additional resources outside the rentier framework.
    Saleh said, "Government employment has become a master of the state's financial leverage with little actual productivity, and has reached the point of danger, despite the positive outlook for the rapid temporary financial accumulation of oil revenues in the current exceptional international circumstance."
    He added, "Without finding a sustainable productive association capable of productive employment of unemployed human capital, this matter will remain the first headache for the Iraqi nation's concern in the future of development and economic prosperity."
    He continued, "It is necessary to think from outside the box and with priorities that do not definitively depart from the active and honorable role of the productive national private sector and with social foundations, to be the gradual objective alternative to the current operational rentier model, which is a very closed consumer context and effective in employment and a drain on the country's resources prepared for production and the real accumulation of the country's wealth “.
    He pointed out that “the state in all its bodies faces a national and moral responsibility in working on the productive employment of the people’s forces, and all constitutional bodies must seek to provide a decent and practical option with two pillars guaranteeing investment and operational production, the first: linking the financing of government soft loans or guaranteed by the government itself and granted To the market makers in the private sector, with the number of workers that will be provided by the digital database of the labor market, and according to legal contracts that guarantee the rights of all parties, and according to a flexible, comprehensive and legally arbitrated investment program.
    He continued: “As for the second pillar, it is the provision of pension rights to all workers in the private sector, according to a parallel formula to the current National Pension Fund, and the fund deals effectively and flexibly with permanent workers in the private sector, provided that the state assumes part of the financing of the private pension fund and considers it an important part of its structure. Support in the state’s general budget and an embodiment of the state’s socialism in supporting the market.”
    Speaking about proposals to provide support for the state budget outside the oil-dependent rentier framework, he stressed that “Iraq urgently needs to think (from outside the current rentier fund), and work according to models of partnership between the state and the social market first, and secondly to find financing mechanisms that do not depend on revenues. The third is to encourage private investment and according to clear long-term government policies, fourthly, to provide flexible means in domestic financing such as dealing with sovereignly guaranteed bonds, fifthly, to recycle funds from surplus units to deficit units capable of investing, and seventh is to re-establish Rotate and allocate financial resources through banks or funds, and finally go towards work-running and income-generating activities.
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