12:36 - 2022-12-28
Today, Wednesday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified two things to sustain the domestic product and reduce unemployment rates, while contingent on the start of development by reducing the cost of corruption and dismantling its systems.
Saleh said, "The sustainability of growth in the country's gross domestic product is linked to the ability to provide two things, the first: immediate investment in the country's infrastructure, specifically the water and electricity networks, roads, transportation and the digital sector, and the second thing: launching the initiative for joint projects in financing and management between the state and the private sector in Areas that have the first priority, such as large agricultural production, related industries and others, and the development of various services, which requires the immediate implementation of the government program regarding the importance of development funds and the roles they play in sustaining financing sectoral economic development in a manner that achieves two important goals.
He pointed out that "the two goals for achieving economic prosperity are: reducing unemployment rates to their minimum natural fractions, and the other is achieving growth rates in the gross domestic product that exceed population growth rates in order to sustain prosperity and capital accumulation together, and in a way that maximizes continuous investment in the life cycle of economic development in our country."
And he continued, "The progress of economic development and advancement, which we aspire to, requires combating corruption and its roots, which still cost the development bill additional burdens by about 40% above the costs of regular investment projects, which are additional unreal costs borne by development projects, in addition to delaying their implementation and suppressing their paths."
He stressed that "the launch of development depends on reducing the cost of corruption and dismantling its systems as a necessary condition for the stability of building the foundations of the future that the government program brought."
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