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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

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    Specialist warns of the challenges of economic vulnerability

    Rocky
    Rocky
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    • Post n°1

    Specialist warns of the challenges of economic vulnerability Empty Specialist warns of the challenges of economic vulnerability

    Post by Rocky Tue 16 Sep 2014, 5:59 pm

    Specialist warns of the challenges of economic vulnerability {}

    9/17/2014 0:00

    BAGHDAD - Shokran Fatlawi

    Counting the official spokesman of the Ministry of Planning, the phenomenon of "economic exposure" problem suffered by the Iraqi economy due to lower contribution rate commodity sectors other in generating GDP, pointing out that the percentage of its contribution estimated 16.5 percent as estimates for the activities of the distributional by 10.6 percent and for the activities of the service by 29.8 percent of the percentage of their contribution to a combined 57 percent.

    And economic exposure is known as the country's dependence on a single supplier Mali.

    The expert said Abdul Zahra al-Hindawi, the "morning": that the ministry and through the National Development Plan seeks to address this problem and rid the economy of monounsaturated suffered by adopting the 95 percent oil and reflected negatively on the sources of funding and thus the emergence of the phenomenon of "economic exposure" indicating the importance of activating the sectors Other sectors such as agricultural, industrial and tourism sector, which could be a dolly to the oil sector, he said.

    Hindawi pointed out that the private sector, despite the approach of strategic demands to strengthen its role, but the percentage of its contribution to fixed capital formation did not exceed 6.4 percent, which made ​​him unable to lay the foundations for a market economy coherent generates safety for long-term growth accompanied by widening the scope of the informal economy in economic arena, attributing the cause to several factors, including internal and external pointing out that these factors lead to distortions in the path of macro and sectoral policies.

    He also pointed to the limited developmental role of the banking system despite the efforts of structural reform to improve the efficiency and adequacy of financial support, pointing out that the proportion of cash credit granted did not constitute only 5.9 percent of GDP.

    In terms of the structure of public spending between Hindawi said operating expenses constitute 68.3 percent of the total public spending at the expense of investment expenditure that amounted to 31.7 percent as well as it is still workers' compensation and pensions make up 50 percent of total operating expenses and make up 34, 3 percent of the total public spending, indicating that it is higher than the proportion of investment expenditure.

    The seal Hindawi his reference to "traditional labor market Iraqi" What made ​​it a market is processions international developments and unresponsive to display quantitative growing labor force in terms of high rates of unemployment among graduates in the absence of policy effective employment and the role of fragile private sector in spite of efforts to develop the framework to work Institutional.

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