Superficial inch recommended the collection of the tax from the oil with determining the value of the dinar as a springboard for development - Interview: Laith Mohammed Reza
- PUBLISHED ON 13.04.2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - recommended the General Coordinator of the Network of Iraqi economists Superficial an inch, that the reform of the Iraqi economy and solve the dilemma begins rentier, building an effective tax system starts from the sector ...
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - recommended the General Coordinator of the Network of Iraqi economists Superficial an inch, that the reform of the Iraqi economy starts and solve the dilemma of the rentier, building an effective tax system starts from the oil sector itself, because the diversification of the productive base of the strategy can not be the beginning economic development, because they will not give quick results, but you may need to tens of years, indicating that the start raising the tax collection from the oil sector efficiency, are after the separation of the oil companies produced and marketed by the Ministry of Oil administratively and financially, and the revival of the national oil company as a holding company include all production companies marketing and liquidation.
The CBI urged the peg to the US dollar, a fixed exchange rate with the devaluation of the dinar and not 1500 dinars, stressing the need to carry some of the negative effects of this decline.
Called an inch in an interview with the Center Brief, for dialogue between the central and the private sector, especially traders, to agree on a contingency plan and a national face of declining oil revenues, the development of standards for auditing import requests and identified as necessary and important, national necessarily convince them to reduce the value of the Iraqi dinar, because they have a lobby influential refuses reduction currency, "and urged the central bank to resume publication of demand for the dollar and the amount of data met, whatever the mechanism in place, because the central stopped publishing currency auction data Erpkina as analysts and reduced transparency.
He told (IMN), "The mentality of a lot of politicians and decision-makers and even some economists are still wedded to the concepts of the command economy, and has already warned of restricting the supply of foreign currency, and we said that this restriction would encourage the parallel market and this is what is happening today, as there are two prices for foreign currency in the market, "adding that he" can accept this procedure in the near term, but in the long run should have a solid financial base to withstand external shocks. "
He said an inch, an international consultant, that "peg to the dollar and stabilizing the exchange rate, will pull the rug from under the feet of the currency speculators who make obscene profits at the expense of the Iraqi economy."
"The first benefits of devaluation will stimulate the agricultural sector, because it will make imported goods more expensive than the local product, and this encouraged the peasants to move the agricultural economy, while still the infrastructure of the industrial sector is weak and need a long time to stimulate, and cost-effective rapid positive will come from the sector agricultural. "
He inch "I disagree with my colleagues experts who focus on the need to raise customs duties as a tool to protect the domestic industry, forgetting that we do not have the infrastructure to move the industry, and the collection of customs system is very weak recognition of its officials", recommending a "limited package for the imposition of duties on the import of important industries in Iraq, such as cement, which deserves temporary protection. "
He stated that "we have to ask why escapes national investment? Before looking at attracting foreign investment, noting that production costs in the Iraqi industry are too high, and the investor has choices and temptations in other countries, "noting that" 25% of the investment in the Jordanian industry is the Iraqis to investors, and that the Iraqi investment in Jordan reached 37 Billion dollar ".
He added an inch that "international economists are talking about the external shock in decades, Network economists warned of access down the price of oil research expert Ali Mirza was published in January 2012, but officials are now talking about it outside of their control, and they were surprised, and analytical surprise this is that they were not interested in past years, the economy did not listen to the advice of economic efficiencies, and did not prepare the kit exceptional circumstances did not take advantage of the abundance of oil prices, "pointing out that" there are important measures that can be taken to prepare for the decline in oil revenues, Norway is, for example, oil country and has a fund balance, its assets amounted to nearly a trillion dollars, as well as Gulf oil states. "
In response to a question about the fiscal policy, the general coordinator of the Network of Iraqi economists said, "The Iraqi financial and political crisis is the crisis of the rentier state in the era of globalization, buy the loyalty of citizens em- ployment, and relies on oil revenues, which did not settle for nearly 40 years, Over-Spending and a lack of strategic vision of public finances, compounded by the impact of the external shock of the collapse of oil prices. "
He spoke an inch for a proposed national oil company, saying it "will be a contribution in the first stage and shares the king of the Iraqi state in the first phase and to contribute to some of the ministries where, and then sell the shares then starts on the categories under social Court to ensure the achievement of national consensus and social justice and social peace, which will depend study on the method of distribution. "
"The shareholders of this company will pay a tax of up to 75%, and with this we will find the owners of capital rather than struggling to drain cake oil rents they become solidarity and keen to develop the oil sector and the accumulation of this wealth," noting that "most of the oil-producing countries no where national oil companies operating across the border, including the Republic of Angola. "
He continued that "the existence of the national oil company will encourage the front oil industries such as petrochemicals and plastics and fertilizer industries and the rest of the industries that will contribute to a revival of the agricultural sector."
With regard to the treatment of the electricity crisis, inch said that "a lot of countries have preceded us 30 years ago in the development of the electricity sector, and I personally contributed to the study of the restructuring of the electricity sector in Argentina and Jordan while you manage the project rationalization of electricity consumption within the German Technical Cooperation Foundation," explaining that "electricity sector reform should begin to separate production from transmission and distribution in the sense restructuring of the electricity sector and entrust the production of investment companies along with public companies, to keep the Ministry of Electricity Organization and Supervisor of the electricity sector, you buy from your product and sells to distributors who are selling and Aajabun at a specified price by the ministry."
He added that "transportation appoint a public company government is winning establish and likely to be reimbursed, while distribution leaves to private sector companies, and I see that the generator owners gained experience in the collection of funds, but succeeded more than the state in this task should be reintegrated into these companies at the district level In residential neighborhoods. "
Turning to an inch that "the government's strategy to stimulate the private sector good sign for optimism, because it this time with the participation of experts from the private sector, and a network of Iraqi economists is ready to support this initiative proposals and observations."
He drew an inch to the "network experts are economists from first-class certificate of international organizations where they worked and amassed enormous experience and contributed to the construction of other countries economy, and a network objectives is to mobilize economic efficiencies, and melted down in Iraq, building operations, as well as disseminating economic culture on the political level At the level of the citizens, and the third goal is to create an economic lobby pressure on the owners of the economic and political decision to give enough to the process of economic development and the importance they give priority to partisan political interests, we have succeeded in creating an Iraqi opinion in favor of the fundamental issues in the economy. "
He inch "contributed to the discussions of the Central Bank of the problem and the issue of the national currency stability, and we have research mission, and participated in public budgets discussions for several fiscal years and we have proposals, also participated in the assessment of the National Development Plan 2013- 2017 and provided advice to the Deputy Prime Minister in relation to that document."
He stated that "the network is currently working through a team of IT experts to prepare a proposal for the development process of the financial budget and electronic link the Ministry of Finance and other ministries preparation and follow-up implementation in order to adjust the spending and the development of management techniques and stress experts we are offering our services to the officials for free, as we announced in the first scientific conference which was held in 2013 in Beirut, and the network is funded activity self-donation of some of its members and the whole work is voluntary subscribers, for example, I personally I used to get paid per day up to $ 800, when I was working with international organizations, but defended the work of the network and Tunai- moral and want to contribute to building the economy of Iraq, because we believe that the economy is the material basis for human freedom and democracy and social peace. "
He added that "in Consultative Relationship with the officials are still in their infancy, and some officials and institutions asked us advice and some of them asked us to give him a plan of action, and so we have actually integrated proposals and plans to raise the efficiency of performance."
He continued, "We are optimistic after the formation of the current government, which appeared to be interested in the competencies and We are encouraged to appoint colleague, a member of the network of Iraqi economists and economic expert Mahdi Keywords as director of the Office of the Prime Minister, as well as appoint colleague founder of the network appearance of Mohammed Saleh, an adviser to the prime minister, as well as were excluded Adel Abdul-Mahdi oil He is a member of the network, and assured us that he will take part and support the Second Scientific Conference of the network, which we aspire to be held in Baghdad in the fall of this year. "
[You must be registered and logged in to see this link.]
- PUBLISHED ON 13.04.2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - recommended the General Coordinator of the Network of Iraqi economists Superficial an inch, that the reform of the Iraqi economy and solve the dilemma begins rentier, building an effective tax system starts from the sector ...
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - recommended the General Coordinator of the Network of Iraqi economists Superficial an inch, that the reform of the Iraqi economy starts and solve the dilemma of the rentier, building an effective tax system starts from the oil sector itself, because the diversification of the productive base of the strategy can not be the beginning economic development, because they will not give quick results, but you may need to tens of years, indicating that the start raising the tax collection from the oil sector efficiency, are after the separation of the oil companies produced and marketed by the Ministry of Oil administratively and financially, and the revival of the national oil company as a holding company include all production companies marketing and liquidation.
The CBI urged the peg to the US dollar, a fixed exchange rate with the devaluation of the dinar and not 1500 dinars, stressing the need to carry some of the negative effects of this decline.
Called an inch in an interview with the Center Brief, for dialogue between the central and the private sector, especially traders, to agree on a contingency plan and a national face of declining oil revenues, the development of standards for auditing import requests and identified as necessary and important, national necessarily convince them to reduce the value of the Iraqi dinar, because they have a lobby influential refuses reduction currency, "and urged the central bank to resume publication of demand for the dollar and the amount of data met, whatever the mechanism in place, because the central stopped publishing currency auction data Erpkina as analysts and reduced transparency.
He told (IMN), "The mentality of a lot of politicians and decision-makers and even some economists are still wedded to the concepts of the command economy, and has already warned of restricting the supply of foreign currency, and we said that this restriction would encourage the parallel market and this is what is happening today, as there are two prices for foreign currency in the market, "adding that he" can accept this procedure in the near term, but in the long run should have a solid financial base to withstand external shocks. "
He said an inch, an international consultant, that "peg to the dollar and stabilizing the exchange rate, will pull the rug from under the feet of the currency speculators who make obscene profits at the expense of the Iraqi economy."
"The first benefits of devaluation will stimulate the agricultural sector, because it will make imported goods more expensive than the local product, and this encouraged the peasants to move the agricultural economy, while still the infrastructure of the industrial sector is weak and need a long time to stimulate, and cost-effective rapid positive will come from the sector agricultural. "
He inch "I disagree with my colleagues experts who focus on the need to raise customs duties as a tool to protect the domestic industry, forgetting that we do not have the infrastructure to move the industry, and the collection of customs system is very weak recognition of its officials", recommending a "limited package for the imposition of duties on the import of important industries in Iraq, such as cement, which deserves temporary protection. "
He stated that "we have to ask why escapes national investment? Before looking at attracting foreign investment, noting that production costs in the Iraqi industry are too high, and the investor has choices and temptations in other countries, "noting that" 25% of the investment in the Jordanian industry is the Iraqis to investors, and that the Iraqi investment in Jordan reached 37 Billion dollar ".
He added an inch that "international economists are talking about the external shock in decades, Network economists warned of access down the price of oil research expert Ali Mirza was published in January 2012, but officials are now talking about it outside of their control, and they were surprised, and analytical surprise this is that they were not interested in past years, the economy did not listen to the advice of economic efficiencies, and did not prepare the kit exceptional circumstances did not take advantage of the abundance of oil prices, "pointing out that" there are important measures that can be taken to prepare for the decline in oil revenues, Norway is, for example, oil country and has a fund balance, its assets amounted to nearly a trillion dollars, as well as Gulf oil states. "
In response to a question about the fiscal policy, the general coordinator of the Network of Iraqi economists said, "The Iraqi financial and political crisis is the crisis of the rentier state in the era of globalization, buy the loyalty of citizens em- ployment, and relies on oil revenues, which did not settle for nearly 40 years, Over-Spending and a lack of strategic vision of public finances, compounded by the impact of the external shock of the collapse of oil prices. "
He spoke an inch for a proposed national oil company, saying it "will be a contribution in the first stage and shares the king of the Iraqi state in the first phase and to contribute to some of the ministries where, and then sell the shares then starts on the categories under social Court to ensure the achievement of national consensus and social justice and social peace, which will depend study on the method of distribution. "
"The shareholders of this company will pay a tax of up to 75%, and with this we will find the owners of capital rather than struggling to drain cake oil rents they become solidarity and keen to develop the oil sector and the accumulation of this wealth," noting that "most of the oil-producing countries no where national oil companies operating across the border, including the Republic of Angola. "
He continued that "the existence of the national oil company will encourage the front oil industries such as petrochemicals and plastics and fertilizer industries and the rest of the industries that will contribute to a revival of the agricultural sector."
With regard to the treatment of the electricity crisis, inch said that "a lot of countries have preceded us 30 years ago in the development of the electricity sector, and I personally contributed to the study of the restructuring of the electricity sector in Argentina and Jordan while you manage the project rationalization of electricity consumption within the German Technical Cooperation Foundation," explaining that "electricity sector reform should begin to separate production from transmission and distribution in the sense restructuring of the electricity sector and entrust the production of investment companies along with public companies, to keep the Ministry of Electricity Organization and Supervisor of the electricity sector, you buy from your product and sells to distributors who are selling and Aajabun at a specified price by the ministry."
He added that "transportation appoint a public company government is winning establish and likely to be reimbursed, while distribution leaves to private sector companies, and I see that the generator owners gained experience in the collection of funds, but succeeded more than the state in this task should be reintegrated into these companies at the district level In residential neighborhoods. "
Turning to an inch that "the government's strategy to stimulate the private sector good sign for optimism, because it this time with the participation of experts from the private sector, and a network of Iraqi economists is ready to support this initiative proposals and observations."
He drew an inch to the "network experts are economists from first-class certificate of international organizations where they worked and amassed enormous experience and contributed to the construction of other countries economy, and a network objectives is to mobilize economic efficiencies, and melted down in Iraq, building operations, as well as disseminating economic culture on the political level At the level of the citizens, and the third goal is to create an economic lobby pressure on the owners of the economic and political decision to give enough to the process of economic development and the importance they give priority to partisan political interests, we have succeeded in creating an Iraqi opinion in favor of the fundamental issues in the economy. "
He inch "contributed to the discussions of the Central Bank of the problem and the issue of the national currency stability, and we have research mission, and participated in public budgets discussions for several fiscal years and we have proposals, also participated in the assessment of the National Development Plan 2013- 2017 and provided advice to the Deputy Prime Minister in relation to that document."
He stated that "the network is currently working through a team of IT experts to prepare a proposal for the development process of the financial budget and electronic link the Ministry of Finance and other ministries preparation and follow-up implementation in order to adjust the spending and the development of management techniques and stress experts we are offering our services to the officials for free, as we announced in the first scientific conference which was held in 2013 in Beirut, and the network is funded activity self-donation of some of its members and the whole work is voluntary subscribers, for example, I personally I used to get paid per day up to $ 800, when I was working with international organizations, but defended the work of the network and Tunai- moral and want to contribute to building the economy of Iraq, because we believe that the economy is the material basis for human freedom and democracy and social peace. "
He added that "in Consultative Relationship with the officials are still in their infancy, and some officials and institutions asked us advice and some of them asked us to give him a plan of action, and so we have actually integrated proposals and plans to raise the efficiency of performance."
He continued, "We are optimistic after the formation of the current government, which appeared to be interested in the competencies and We are encouraged to appoint colleague, a member of the network of Iraqi economists and economic expert Mahdi Keywords as director of the Office of the Prime Minister, as well as appoint colleague founder of the network appearance of Mohammed Saleh, an adviser to the prime minister, as well as were excluded Adel Abdul-Mahdi oil He is a member of the network, and assured us that he will take part and support the Second Scientific Conference of the network, which we aspire to be held in Baghdad in the fall of this year. "
[You must be registered and logged in to see this link.]
» Judy, MilitiaMan, Walkingstick and more......Wednesday AM 3-29-2023
» The Turkish Energy Minister denies fining his country $1.4 billion in the case of exporting Kurdista
» Integrity: the arrest of a wanted former trade official after his return from outside Iraq
» Report: Paving the Silk Road passes through pumping more Chinese loans to transit countries
» The Finance Committee breaks its silence: Al-Halbousi is alone discussing the budget in his private
» What is the benefit of the return of Iranian-Saudi relations to Iraq? Parliament answers
» Ports: 3 Travelers Were Arrested In Possession Of 522 Master Card Cards Intended For Smuggling
» Seizing A Factory For Industrial Fraud And Counterfeiting Trademarks, And Arresting Its Owner In Bag
» Iraq and Romania are discussing a mechanism for mutual coordination to support expertise between the
» The Agricultural Bank launches car purchase advances
» Al-Sudani calls for solving citizens' problems without waiting for the Prime Minister's directives
» Parliamentary Work: We have obligated local and foreign companies to employ the Iraqi workforce and
» Iraq Ports Company: The completion rate of the Al-Faw Grand Port project has reached more than 44.5%
» The head of the Service Council mortgages the launch of appointments to two issues and talks about t
» The Iraq Stock Exchange ends the day's trading, down 0.49%
» The arrest of a former official in the Ministry of Commerce after his return from abroad
» “Al-Kazemi incites Washington by inciting against Al-Sudani.” An American network warns the former p
» Deputy likely date of inclusion of the draft budget law on the agenda of Parliament
» The Central Bank of Iraq announces the imminent issuance of a decision regarding the possibility of
» Rashid: The United Nations has shown interest in helping Iraq solve water problems
» Exposing corruption and waste of public money worth 123 billion dinars in Basra (documents)
» After abolishing it years ago.. Restoring the provincial councils for the benefit or for the interes
» With rising prices, drought and lack of subsidies threaten the livestock market in Iraq
» The Iraqi Central Bank wants to issue a denomination of 20,000 dinars: we will issue a decision to p
» International trade obliges Iraq to pay compensation to Ankara in the arbitration case
» Declining Central Bank of Iraq sales of dollars
» An Iraqi bank launches car purchase advances
» International Trade orders Iraq to pay compensation to Ankara in the arbitration case
» Experts: Growing crude sales to China reflect positively on the economy
» Integrity monitors 5,000 lagging projects worth $20 billion over 5 years
» The maximum limit is 150 million.. An Iraqi company determines deposit compensation rates
» DNO begins closing oil fields in Kurdistan
» New talk from the Central Bank regarding the exchange rate and the possibility of printing a denomin
» Minister of Labor We await approval of the budget to include 600,000 families with social protection
» Al-Sudani calls for expediting registration for health insurance: services at subsidized prices
» Investors Association: Foreign investors are now selling their shares from Iraqi companies
» Baghdad and Muscat are finalizing the memorandum of understanding in the field of combating corrupti
» Parliament hosts the representative of the International Monetary Fund
» Parliamentary Oil confirms its intention to dismiss a number of officials of the Iraqi Oil Marketing
» The Iraqi charge d'affaires in Manama (tickles) the King of Bahrain, and its government officially p
» Al-Rafidain launches a new meal from the predecessors of employees and associates electronically
» The start of the tasks of the government services team in Baghdad
» Amending the election law raises controversy
» Parliamentary Committee: Basra Oil incurred 10 billion dinars as delay fines
» Lawmakers: The three-year budget cuts the path of corruption
» Kurdistan parties do not agree on an electoral system
» The central bank records the highest cash reserve in its history
» Kurdistan loses its most prominent supporters.. Washington is "angry" with its Kurdish allies, and t
» The Sudanese registers in the health insurance electronic form
» With a value of 123 billion dinars.. Parliamentary integrity reveals corruption and waste of public
» With fears of disruption to Kurdistan's supplies, oil is approaching $79 a barrel
» The President of the Republic stresses the need to support the oil industry
» Oil: directives to expedite the investment of 200 cubic meters per day of associated gas in Dhi Qar
» A Norwegian oil company closes wells and withdraws from the Kurdistan region
» Dollar prices recorded a noticeable decline in Baghdad markets
» The Iraqi Central Bank’s sales of dollars reach more than 200 million
» In numbers.. the new taxes in the budget and its “citizen victim”
» Oil: directives to expedite the investment of 200 cubic meters per day of associated gas in Dhi Qar
» On his visit to the Atomic Energy Agency (IAEA).. The Minister of Education discusses the developmen
» The Iraqi government withdraws the bill to confiscate the funds of the pillars of Saddam's regime
» Parliament passes the election law with security intervention after chaos
» Iraq makes the water file sovereign and tends to store the Turkish increase in releases
» An international report: 75% of the displaced farming families did not return to their homes
» The delegation of the Kurdistan region returns to Baghdad to discuss the settlement of previous diff
» The coordination framework is preparing to abolish the Judicial Commission and the Kirkuk elections
» Central Bank: Our measures contributed to the stability of the exchange rate
» The general amnesty returns to the fore... and a political consensus to speed up its approval
» Al-Sudani conveys the issue of water from his artistic side and makes it a sovereign file
» The Minister of Foreign Affairs directs to return the Iraqi Chargé d'Affairs to Bahrain to Baghdad
» The Minister of Finance is discussing cooperation with France and Britain in 3 sectors
» Electricity announces the operation of a crutch generation station on free national gas
» Al-Mandalawi and Al-Hakim stress the need to expedite the legislation of the budget law
» Retirement begins with the disbursement of the second meal for the beneficiaries of the category of
» Agriculture shows the mechanism of importing crops
» The Central Bank expects a decrease in the difference between the official and parallel exchange rat
» Deputy: It is expected that 15 laws will be presented to Parliament during the coming weeks
» Social protection: transgressors are held accountable and the money they received is returned
» Cabinet decisions at its meeting today
» The Social Protection Authority clarifies the mechanism for recovering money from those who violated
» Sudanese advisor: Central Bank reserves reached 115 billion dollars
» International oil prices continue to rise and are approaching $78 a barrel
» Demands for Iraq to move to put pressure on Türkiye to obtain its share of water
» Among them is the budget.. Al-Mandalawi and Al-Hakim discuss the importance of approving legislation
» KTFA Monday Night CC "Don't Go Chasing Waterfalls" 3-27-2023
» The House of Representatives is close to approving a law that has been suspended for more than a dec
» Advisor to the Prime Minister: Iraq's economy is strong and moving towards improvement
» Sudanese advisor: The official exchange rate will match the parallel exchange rate within a few week
» The most prominent of which is the discussion of the oil file.. A delegation from the regional gover
» Parliamentary Finance: We have received the draft budget and it is not necessary to return it to the
» Parliamentary mobilization for statement "One" against the dictatorship of Al-Halbousi during the se
» Framework: We will not make any concessions in order to pass the election law
» Al-Bayati: The budget will be decided during next April, and the Kurds will not hinder its passage
» With an area of 330 dunums.. revealed the details of an economic and commercial city project in Ba
» Framework: Reviewing the strategic agreement with America will be a next priority after its failure
» A parliamentary move to host the Minister of Commerce due to the delay in disbursing the ration card
» Kurdistan's oil is stacked in storage tanks after exports to Turkey stopped
» Parliament was surprised by Al-Halbousi's behavior by hiding the budget and putting forward politica
» Expert: The American presence on the borders undermines the country's security and threatens its saf