[size=45]Adel Abdul-Mahdi: Our budgets destroy the economy...and the economy saves it
16 hours ago[/size]
Our budgets destroy the economy, and the economy criticizes it
We repeat the discussion of the budget annually, so we reduce it when oil prices drop, and we brag about it when it increases.
The sick philosophy (in Dutch) of our successive budgets will impose itself, and consumption, slackness, and corruption will find its objective and subjective encouragements. As for reconstruction, employment, investment, real sectors, and the economy, it is ink on paper, or lagging projects. Our budgets lack economic philosophy, and our economy lacks objective factors and work conditions, subjective factors such as incentives and guarantees, or both. Therefore, we will propose “heads of threads” to encourage production in the agricultural and industrial sectors, taking advantage of the budget proposal, and based on our real, not hypothetical, circumstances.
1- Conditions for production and support for agricultural outputs: We have water problems, obstacles, and backwardness of methods and means. With regard to grain - the main basis for agriculture and livestock - we see that to provide the objective condition for production and overcome the basic obstacles, the budget should allocate about (1-1.5) billion dollars to provide (thirty thousand sprinklers), with different capacities, an average of (100) dunums per sprinkler. Sprinklers are distributed as a priority for areas with little rainfall (100-200 mm/year) and far from rivers. Land dependent on groundwater, whose water is renewed at a rate of (4-6 billion/m3/year). Since wheat generally needs (2000 m3/dunum/season), we will irrigate (3) million/dunum, to be added to the areas irrigated by rivers and rains. In order to provide the required impetus, we see the importance of distributing sprinklers free of charge from the start, on the condition that the land is cultivated, and those who fall behind are withdrawn. As for the subjective condition, it is the purchase of crops at attractive prices and prompt payment. And if it is decided to install the amount of the sprinklers for years, then the installment can be deducted during the payment.
We have the necessary funds today, and we may not have them tomorrow. And we can, at record speed, and within our capabilities and conditions, and on the occasion of presenting the budget, revitalize the agricultural and animal sector. To activate with it a large chain of industries and other activities linked to it, to launch a process that will gradually form its escalating positive internal logic. This is sustainable "oil". It will absorb hundreds of thousands of workers, save scarce water, and expand cultivated lands, with all its economic, environmental, community and population benefits. Holding the “head of the thread” does not cancel the other policies, but rather complements and accelerates them. Increasing production in quantity and quality should be the goal of the “agricultural plan.” Not to solve water problems through imports and shrinking areas.
2- Controlling imports and subsidizing the national product: Our production is weak, and our spending is high. We save it through imports. Our imports (in 2020) according to the World Bank (54.265) billion dollars, (and more by calculating the unforeseen). There will be an objective requirement to control imports, support and protect the alternative national product. Which, in turn, will generate the self-factor and the incentive to entice the required investments. This requires self-confidence and not being afraid of the consequences that international institutions warn us about regarding policies of subsidy, spending, deficit financing and inflation. Our spending is here, to move production instead of imports, stimulate our real sectors, and get out of the unilateral rentier economy, all working to absorb deficit, inflation, real and disguised unemployment, etc.
3- We applied some of the above steps (2019-2020). The report (World Bank - Spring 2020) states: “The non-oil economy grew by (4.9%) on an annual basis. Agriculture was the largest contributor to the growth of all non-oil sectors, having expanded by a staggering 39%. Wheat production recorded (4.8) million metric tons for the period (2019-2020), an increase of (60%) from the year (2018). This led to an increase in the income available to the farmer and positive gains were achieved as import alternatives.” And in (2020) - a not wet year - wheat production recorded about (6) million tons, almost achieving self-sufficiency.
Measures (1 and 2) do not mean the entire economy, which will need large-scale infrastructure projects, pivotal projects, sovereign and investment funds, oil for reconstruction (China and the framework agreement) and joint ventures with neighbors and others. Rationalizing the public sector and its companies, confronting sluggishness and monopoly, setting serious standards for benchmarking, governance, efficiency, fighting corruption, and providing insurance, retirement, and other things for the private sector, just like the public sector. Mr. Prime Minister, the Sudanese brother, worked on this issue from his ministerial and legislative positions, and knows its terms and importance very well.
[You must be registered and logged in to see this link.]
16 hours ago[/size]
[You must be registered and logged in to see this image.]
Our budgets destroy the economy, and the economy criticizes it
We repeat the discussion of the budget annually, so we reduce it when oil prices drop, and we brag about it when it increases.
The sick philosophy (in Dutch) of our successive budgets will impose itself, and consumption, slackness, and corruption will find its objective and subjective encouragements. As for reconstruction, employment, investment, real sectors, and the economy, it is ink on paper, or lagging projects. Our budgets lack economic philosophy, and our economy lacks objective factors and work conditions, subjective factors such as incentives and guarantees, or both. Therefore, we will propose “heads of threads” to encourage production in the agricultural and industrial sectors, taking advantage of the budget proposal, and based on our real, not hypothetical, circumstances.
1- Conditions for production and support for agricultural outputs: We have water problems, obstacles, and backwardness of methods and means. With regard to grain - the main basis for agriculture and livestock - we see that to provide the objective condition for production and overcome the basic obstacles, the budget should allocate about (1-1.5) billion dollars to provide (thirty thousand sprinklers), with different capacities, an average of (100) dunums per sprinkler. Sprinklers are distributed as a priority for areas with little rainfall (100-200 mm/year) and far from rivers. Land dependent on groundwater, whose water is renewed at a rate of (4-6 billion/m3/year). Since wheat generally needs (2000 m3/dunum/season), we will irrigate (3) million/dunum, to be added to the areas irrigated by rivers and rains. In order to provide the required impetus, we see the importance of distributing sprinklers free of charge from the start, on the condition that the land is cultivated, and those who fall behind are withdrawn. As for the subjective condition, it is the purchase of crops at attractive prices and prompt payment. And if it is decided to install the amount of the sprinklers for years, then the installment can be deducted during the payment.
We have the necessary funds today, and we may not have them tomorrow. And we can, at record speed, and within our capabilities and conditions, and on the occasion of presenting the budget, revitalize the agricultural and animal sector. To activate with it a large chain of industries and other activities linked to it, to launch a process that will gradually form its escalating positive internal logic. This is sustainable "oil". It will absorb hundreds of thousands of workers, save scarce water, and expand cultivated lands, with all its economic, environmental, community and population benefits. Holding the “head of the thread” does not cancel the other policies, but rather complements and accelerates them. Increasing production in quantity and quality should be the goal of the “agricultural plan.” Not to solve water problems through imports and shrinking areas.
2- Controlling imports and subsidizing the national product: Our production is weak, and our spending is high. We save it through imports. Our imports (in 2020) according to the World Bank (54.265) billion dollars, (and more by calculating the unforeseen). There will be an objective requirement to control imports, support and protect the alternative national product. Which, in turn, will generate the self-factor and the incentive to entice the required investments. This requires self-confidence and not being afraid of the consequences that international institutions warn us about regarding policies of subsidy, spending, deficit financing and inflation. Our spending is here, to move production instead of imports, stimulate our real sectors, and get out of the unilateral rentier economy, all working to absorb deficit, inflation, real and disguised unemployment, etc.
3- We applied some of the above steps (2019-2020). The report (World Bank - Spring 2020) states: “The non-oil economy grew by (4.9%) on an annual basis. Agriculture was the largest contributor to the growth of all non-oil sectors, having expanded by a staggering 39%. Wheat production recorded (4.8) million metric tons for the period (2019-2020), an increase of (60%) from the year (2018). This led to an increase in the income available to the farmer and positive gains were achieved as import alternatives.” And in (2020) - a not wet year - wheat production recorded about (6) million tons, almost achieving self-sufficiency.
Measures (1 and 2) do not mean the entire economy, which will need large-scale infrastructure projects, pivotal projects, sovereign and investment funds, oil for reconstruction (China and the framework agreement) and joint ventures with neighbors and others. Rationalizing the public sector and its companies, confronting sluggishness and monopoly, setting serious standards for benchmarking, governance, efficiency, fighting corruption, and providing insurance, retirement, and other things for the private sector, just like the public sector. Mr. Prime Minister, the Sudanese brother, worked on this issue from his ministerial and legislative positions, and knows its terms and importance very well.
[You must be registered and logged in to see this link.]
Today at 5:16 am by Rocky
» /Information/ reveals the location of the Rafidain Bank robbers in Ramadi
Today at 5:15 am by Rocky
» Al-Sudani Office for /Al-Maalouma/: Foreign workers threaten graduates
Today at 5:14 am by Rocky
» Foreign Minister invites his Venezuelan counterpart to visit Baghdad
Today at 5:12 am by Rocky
» "Government" real estate loans with amounts up to 150 million dinars.. Conditions and details
Today at 5:10 am by Rocky
» Setting a date to launch 102 investment opportunities in Iraq
Today at 5:07 am by Rocky
» Bitcoin Set to Post Best September Ever on Rate Cut
Today at 5:06 am by Rocky
» What is the truth about the existence of a naval embargo imposed on Iraq?
Today at 5:04 am by Rocky
» More than $70 million in Iraqi imports of Indian tea
Today at 5:03 am by Rocky
» Oil price decline: Impact hits new groups in Iraq
Today at 5:02 am by Rocky
» Parliamentary Finance to NINA: The decline in global oil prices will not affect employees’ salaries
Today at 5:00 am by Rocky
» Al-Hakim: Investing in tourism as one of the sources of financial revenues for the state
Today at 4:59 am by Rocky
» From Najaf Al-Ashraf.. The Minister of Labor announces the completion of the procedures for issuing
Today at 4:58 am by Rocky
» Parliamentary Finance to NINA: The decline in global oil prices will not affect employees’ salaries
Today at 4:56 am by Rocky
» 19,000 dinars difference from the official price.. The dollar falls slightly in Baghdad
Today at 4:52 am by Rocky
» Al-Asadi: We call on citizens to invest in the retirement and social security law
Today at 4:51 am by Rocky
» “Worth $4 billion”: Iran exports engineering services to Iraq
Today at 4:48 am by Rocky
» US, Iraq agree to end 'alliance' in September 2025
Today at 4:46 am by Rocky
» New tax will push house prices up, Iraq's real estate market into recession
Today at 4:45 am by Rocky
» It is black and includes Iraq.. Netanyahu waves the “curse map” before the United Nations
Today at 4:43 am by Rocky
» “The wiretapping scandal” complicates the political scene.. The second term is far from Al-Sudani
Today at 4:42 am by Rocky
» Suspicions surround hospital projects.. Is corruption hindering the Chinese agreement in Iraq?
Today at 4:41 am by Rocky
» Statement issued by the media office of Dr. Iyad Allawi
Today at 4:39 am by Rocky
» Faeq Zidane: The jurisdiction of law and judiciary is a constitutional and legal jurisdiction
Today at 4:37 am by Rocky
» Sudanese arrives in Baghdad
Today at 4:36 am by Rocky
» Planning: Completion of 70% of inventory and numbering work in Kirkuk
Today at 4:34 am by Rocky
» Rafidain Bank announces granting real estate loans to three categories
Today at 4:33 am by Rocky
» Dollar price today
Today at 4:32 am by Rocky
» Netanyahu enters with maps and attendees leave the General Assembly session.. What did he mention Ir
Today at 4:29 am by Rocky
» The historic agreement on international withdrawal... a turning point in the path of Iraqi sovereign
Today at 4:27 am by Rocky
» Includes citizens, employees and retirees.. A real estate loan from Rafidain worth 150 million dinar
Today at 4:24 am by Rocky
» Does it include an American withdrawal? Two important indications in the statement "ending the missi
Today at 4:22 am by Rocky
» Dollar exchange rates drop in Iraqi stock exchanges
Today at 4:21 am by Rocky
» Will the drop in oil affect only employees' salaries or all segments of society?
Today at 4:19 am by Rocky
» North Carolina removes 747,000 from voter rolls
Yesterday at 5:03 pm by Bama Diva
» The full extent of the Biden-Harris criminal alien invasion REVEALED
Yesterday at 4:32 pm by Bama Diva
» utube 9/24/24 MM&C Iraqi Dinar News-IRAQ-INTERNATIONALISM NY-2023 to 2029 Road Map - Social- Finan
Yesterday at 7:17 am by Rocky
» utube MM&C 9/26/24 Iraq Dinar News-Iraq Plans Redenomination of Currency-Value of it Related-Elect
Yesterday at 7:16 am by Rocky
» Hanoun calls for benefiting from the Chinese economic experience and linking the Silk Road between t
Yesterday at 7:12 am by Rocky
» Gulf-American statement directs a strict request to Iraq
Yesterday at 7:10 am by Rocky
» Conflict escalates in the Middle East, warning of Iraq slipping deeper into confrontation
Yesterday at 7:08 am by Rocky
» EU 'concerned' over increasing executions in Iraq
Yesterday at 7:05 am by Rocky
» Mustafa Sand: The judiciary has proven the “wiretapping” issue, and Al-Sudani’s brother is involved
Yesterday at 7:04 am by Rocky
» Parliamentary Committee Talks in Numbers About Iraq’s Water Crisis with Türkiye and Proposes a Solut
Yesterday at 7:01 am by Rocky
» Why did the Central Bank hesitate to implement the measures taken against Iraqi private banks?
Yesterday at 7:00 am by Rocky
» US State Department: Announcement of agreement on the future of the international coalition from Ira
Yesterday at 6:58 am by Rocky
» Housing Crisis in Iraq: “Ambitious” Government Plans and Fears of Monopoly
Yesterday at 6:55 am by Rocky
» Will privatization save Iraq's economy or open the door to corruption?
Yesterday at 6:52 am by Rocky
» Parliament: Agreement with the regional government to review its oil contracts to adapt them constit
Yesterday at 6:51 am by Rocky
» Interior Minister: Iraq is free of drug factories
Yesterday at 6:50 am by Rocky
» Anbar Alliance: Halbousi clings to power because he fears opening major files against him
Yesterday at 6:48 am by Rocky
» Rising prices of oil derivatives in Kurdistan.. reasons and goals
Yesterday at 6:46 am by Rocky
» Economist calls on the government to resort to tax exemption
Yesterday at 6:45 am by Rocky
» Iraqi Oil Company for Investment and Pricing of Raw Gas Produced
Yesterday at 6:44 am by Rocky
» Increase in activity at Mandali border crossing during the current year
Yesterday at 6:43 am by Rocky
» MP: New cities map will include eight governorates next year
Yesterday at 6:42 am by Rocky
» The Ministry of Finance confirms that the employee is entitled to university service allowances whil
Yesterday at 5:15 am by Rocky
» Media Commission and Starlink discuss cooperation prospects to provide internet services in Iraq
Yesterday at 5:13 am by Rocky
» Prime Minister: Iraq is witnessing an urban and economic renaissance and revitalization of the indus
Yesterday at 5:12 am by Rocky
» Kurdistan Finance announces the results of its delegation's recent visit to Baghdad
Yesterday at 5:11 am by Rocky
» "We will guarantee your rights".. A specialized committee reassures the drilling company's cadres af
Yesterday at 5:10 am by Rocky
» Iraq discusses cooperation with SpaceX to provide internet services
Yesterday at 5:09 am by Rocky
» Among them are young people.. the most prominent groups included in the distribution of housing unit
Yesterday at 5:08 am by Rocky
» Labor announces the direct transfer of 12 thousand beneficiaries to contracts in the Ministry of Int
Yesterday at 5:07 am by Rocky
» Al-Samarrai praises Al-Sudani’s speech before the United Nations: It is worthy of Iraq, its history
Yesterday at 5:04 am by Rocky
» Iraqi expert raises the principle of "no return" in Lebanon: We are facing the hypocrisy of the larg
Yesterday at 5:02 am by Rocky
» New tax will push house prices up, Iraq's real estate market into recession
Yesterday at 5:00 am by Rocky
» Iraqi oil returns to the red zone, affected by the collective decline in prices
Yesterday at 4:59 am by Rocky
» “Iraq at a Crossroads”… Will Climate Change Become an Opportunity for Innovation and Sustainability?
Yesterday at 4:57 am by Rocky
» Masrour Barzani to Parliamentary Finance: Halting oil exports caused Iraq to lose $19 billion
Yesterday at 4:55 am by Rocky
» 1291 projects stuck in Iraq.. achievements on paper and ruins on the ground!
Yesterday at 4:53 am by Rocky
» Violated Childhood.. Iraq suffers from the absence of law and the continuation of the cycle of viole
Yesterday at 4:52 am by Rocky
» Chinese Ambassador: We are determined to provide support to Iraq regarding armament and developing m
Yesterday at 4:50 am by Rocky
» Activating electronic services in the presidencies of the courts of appeal
Yesterday at 4:49 am by Rocky
» Trump threatens to turn Iran's largest cities into rubble.. Iraqi expert explains
Yesterday at 4:47 am by Rocky
» Parliamentary Finance Delegation Visits Kurdistan.. Salaries, Oil and Ports Files on the Table of Ba
Yesterday at 4:46 am by Rocky
» Iraqi bank achieves “achievement” in electronic transactions
Yesterday at 4:44 am by Rocky
» State of Law: The coming days are fateful for America and its interests in the region
Yesterday at 4:35 am by Rocky
» Iraq announces sending 75 tons of medical aid to Lebanon by air
Yesterday at 4:34 am by Rocky
» Economist reveals reasons for the return of the dollar's rise in Iraq
Yesterday at 4:33 am by Rocky
» Conflict escalates in the Middle East, warning of Iraq slipping deeper into confrontation
Yesterday at 4:31 am by Rocky
» Labor announces the direct transfer of 12 thousand beneficiaries to contracts in the Ministry of Int
Yesterday at 4:29 am by Rocky
» Faeq Zidane: The jurisdiction of law and judiciary is a constitutional and legal jurisdiction
Yesterday at 4:27 am by Rocky
» Iraq signs with Jordan the second amendment to the electricity sales contract
Yesterday at 4:26 am by Rocky
» US-Gulf meeting stresses importance of Iraq's respect for Kuwait's sovereignty
Yesterday at 4:24 am by Rocky
» New information about "the arrival of 40,000 Iraqi and Yemeni fighters to the Golan"... and Assad is
Yesterday at 4:21 am by Rocky
» 71,000 barrels per day.. Iraqi oil exports decreased last month
Yesterday at 4:20 am by Rocky
» Does the “Right to Information” Law restrict freedoms? Why weren’t journalists involved in its formu
Yesterday at 4:18 am by Rocky
» Zidane: The judiciary considers issues of a political nature imposed by the constitution and the law
Yesterday at 4:15 am by Rocky
» Engineers apply new tech to model deadly brain tumors
Thu 26 Sep 2024, 9:28 am by Bama Diva
» Iraqi banks cause citizens to “reluctantly” take out loans to purchase solar energy systems for home
Thu 26 Sep 2024, 5:11 am by Rocky
» What are the reasons behind the "weakness" of imports of goods from Iraq?
Thu 26 Sep 2024, 5:09 am by Rocky
» Iran announces exporting $4 billion worth of technical engineering services to Iraq
Thu 26 Sep 2024, 5:07 am by Rocky
» Social Protection: Red tape hinders access to support, Ministry of Labor adopts new initiatives
Thu 26 Sep 2024, 5:03 am by Rocky
» Parliamentary Committee: There are people controlling investment in Iraq
Thu 26 Sep 2024, 5:01 am by Rocky
» Al-Abadi coalition: Kurds must admit mistakes in referendum file
Thu 26 Sep 2024, 4:59 am by Rocky
» Accusations against the Ministry of Finance of obstructing the disbursement of Anbar farmers’ dues
Thu 26 Sep 2024, 4:57 am by Rocky
» After Al-Hamdani joined Al-Halbousi... he went on to become furious
Thu 26 Sep 2024, 4:56 am by Rocky
» Parliamentary Integrity: Suspicions of corruption surround some ministries
Thu 26 Sep 2024, 4:55 am by Rocky