Government advisor: tangible improvement in the economy.. and directed to support investment

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[size=52]Government advisor: tangible improvement in the economy.. and directed to support investment[/size]

[size=45]Baghdad / Saif Al-Hur[/size]
[size=45]In conjunction with the continued launch of government initiatives to provide job opportunities for the unemployed and to employ holders of higher degrees, the reactions of economists varied in this regard, stressing the need to move the wheel of the private economic sector to search for effective solutions.[/size]
[size=45]The government has also launched initiatives to employ unemployed youth, including the announcement of Prime Minister Muhammad Shia’a al-Sudani on the current March 4, “the launch of the Riyada initiative for development and employment, concerned with supporting groups of students and youth, empowering them, and developing their creative energies, in order to obtain decent opportunities in the labor market and create An effective economic movement.[/size]
[size=45]In this regard, the economic advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that "the government program for the Prime Minister, which was approved by the House of Representatives last November, has reflected positively on the methodology and principles of the draft federal budget for the year 2023."[/size]
[size=45]Saleh said, in an interview with (Al-Mada), that “the reflection took place in two directions, as the first is to maximize social spending by adding a million people from the fragile social forces.”[/size]
[size=45]He pointed out, to "expanding the food basket program to include social groups of the poor or those with low incomes, making the poor and needy at the poverty line that achieves a real and in-kind daily individual income of no less than $2.5."[/size]
[size=45]And Saleh confirmed, “The inclusion of nearly a million workers in permanent public jobs to address the unemployment cycle, which amounted to 16% of the labor force.”[/size]
[size=45]And he added, “As for investment spending, the budget came for the first time with development funds, foremost of which is the Development Fund for Iraq, which will carry out work similar to what Iraq witnessed from the reconstruction council in the fifties of the last century, which is providing sustainable financing for the implementation of strategic or major projects, as well as financing funds Small and medium youth projects in the poorest governorates.[/size]
[size=45]Saleh noted, "The trend towards public investment or encouraging private investment is the way to flourish economic growth, reduce unemployment and poverty circles in the country, and enhance the standard of living." And he goes on to say that “directed investment spending (with high efficiency and carefully studied in terms of economic and technical feasibility) goes to move the work cycle on a large scale, due to the wide interdependence between the investment expenditures themselves and the demand (and the derived demand) for the inputs of the production process subject to investment (specifically the labor component). In addition to other material production supplies related to the components of the production function, which are targeted by investment spending itself.[/size]
[size=45]And Saleh continued, “There is a measure of the (accelerated) effects of investment spending on the degrees of growth in the gross domestic product, because investment spending establishes an added production base and drives idle productive capacities, specifically work, with accelerated growth rates, or the so-called (investment spending accelerator).”[/size]
[size=45]He explained, “The growth of exchange at the rate of one dinar on investment activity efficiently will generate income at higher or higher growth rates. to the labor market.”[/size]
[size=45]And Saleh indicated, “Investment in the tourism sector, for example, generates a demand for work at a rate of 25 opportunities immediately from various related human skills. Investment in the construction and building sectors has the ability to generate a demand for work with about 200 opportunities from various human skills, and so on for the rest of the sectors that Investing in it affects the demand factors in the national labor market.”[/size]
[size=45]For her part, Representative Zainab Al-Moussawi confirmed, "The government's initiatives will reflect positively on the economic situation of the Iraqi citizen."[/size]
[size=45]Al-Moussawi said in an exclusive interview with (Al-Mada) that “the (Riyada) initiative or other initiatives launched by the current government will have a good economic impact on citizens and that it will contribute to improving their living and economic conditions.”[/size]
[size=45]And she added, "These initiatives will also have an impact on absorbing part of the unemployment through what they contain of small projects or salaries that may help in opening some projects by young people."[/size]
[size=45]In addition, the economist, Malath Al-Amin, indicated that "Iraq does not need initiatives, but rather needs to move the private economic sector." Al-Amin said, in an interview with (Al-Mada), that "moving the private sector is the one that undertakes the opening of new production sites in various agricultural, industrial and commercial fields, and it is also the one that will ensure the attraction of manpower."[/size]
[size=45]He pointed to "the need to amend the laws of the private sector in a way that supports and qualifies it to create job opportunities for young people."[/size]
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