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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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    Specialists: mismanagement of the Iraqi economy, causing a severe financial crisis

    Rocky
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    Specialists: mismanagement of the Iraqi economy, causing a severe financial crisis Empty Specialists: mismanagement of the Iraqi economy, causing a severe financial crisis

    Post by Rocky Mon 04 Jan 2016, 10:39 am

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    Specialists: mismanagement of the Iraqi economy, causing a severe financial crisis


    BAGHDAD / Ibrahim Ibrahim 

    Confirmed economists, on Sunday, that the poor state administration in general and the economic sector, in particular, caused a severe financial crisis, as demanded the government to maximize the non-oil resources, such as agriculture, industry and tourism without dependence on oil exports. 
    The economist said Abd al-Rahim al-Tai in an interview "long" that "oil is the economic powerhouse if invested optimally in the construction, reconstruction and the real development of economic sectors, but financial mismanagement and frequent corrupt in various state institutions led to the loss of the budgets of the country during the previous years." 
    He added that "attention to the agricultural and industrial sectors of During the run-conditioning giant projects stalled for work or working low productivity is inconsistent with the design capacity of existing projects and developing and opening new production where lines Seder on the country's big money and reduces the economic crisis experienced by Iraq. 
    "He said al-Tai" Without the availability of the national will not be achieved any economic recovery because the government has linked the fate of the Iraqi economy monopolistic companies that Stm proceeds of oil for 25 years to come and will be Iraq, including the crumbs that does not work for economic reform as well as the administration is not efficient for the state and of governments since 2003, and so far share. 
    "And that" the experience of Iraq for the period from 1974 -1979 was explosive plan to invest oil revenues in that period for the advancement of economic sectors paid off at various economic levels. 
    "He stressed the need to" apply the customs tariff on all Iraqi border crossings including the Kurdistan region and expand the tax base and activate the collection of taxes in ways that non-traditional mechanisms through Full census covered by the tax and how to collect. 
    "He said al-Tai to" activate the Iraqi national oil companies in the extraction, transport and export of oil, especially with the presence of Iraqi experts and skilled manpower in this vital sector and reduce imports by at least 50% of the Keep hard currency and rely on local product and attention the tourism sector being always oil. 
    "He added that" reliance on talent and people with experience and expertise in economic affairs and non-interference of politicians in the affairs of the economy and self-reliance of the national and possibilities is the only way out of the current economic crisis. 
    "revealed sources familiar with oil, on Wednesday (30 / December / 2015), for enabling Iraq to achieve a "standard" export rates from the southern oil fields, during December, the current, usually that enhanced the role of Iraq as a "faster" issuers growth of oil on the world market during the year 2015 despite the difficult conditions experienced by the as a result of his war against the (Daash) and anxiety of the possibility of blocking the low price growth rates of production. 
    The industrial sources of oil familiar with the data loading, in the media's comments followed up (range Press), said that "oil exports from Iraq's southern oilfields, reached through December, the current, to three million and 270 thousand barrels per average day, "noting that" it is equivalent to almost standard export rates through November 2015, which amounted to three million and 370 thousand barrels that promise high Iraqi officials and unprecedented. "She said those sources, that" Iraqi exports achieved figures too high, and it may exceed the maximum energy pipelines border. "While Iraqi officials and oil experts predicted that" Iraq's oil exports growth rates increase during the next year in 2016 but at a slower pace than in the year, the current 2015 ". It is noteworthy that Iraq adopt an ambitious plan to increase its oil exports and regain its place in the global markets, as well as compensate the decline in imports as a result of falling oil prices. In turn, an economist Maitham Laibi said in an interview for the "long", that "the Iraqi state lacks plans strategy to help them get out of the economic crisis experienced by which you must put in more than five years when the budgets of the country explosive. "He added that" the economy's reliance on unilateral source makes it a hostage to the vagaries of the global market is evident now because Enkhad oil prices rapidly. "He said the coffee that" the multiplicity of internal resources of the country need to activate the package of laws such as customs tariffs and collection of funds through taxes accompanied by rationalization thoughtful to compress expenditure according to real budgets, numbers, and realistic without fear of the consequences of austerity process. "He said the" immediate and prosthetic solutions postpones the crisis is not solved, so the government needs more time and effort to rectify past mistakes and work scientific and benefit from the experiences of developed countries, which passed the bad economic conditions to a large degree. "  
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